Tag Archives: Featured

Real Estate

Marwan bin Ghalita Inaugurates the 20th Edition of the International Property Show

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Marwan bin Ghalita Inaugurates the 20th Edition of the International Property Show

Dubai, UAE, 27 February, 2024: His Excellency Engineer Marwan bin Ghalita, Acting Director General of Dubai Land Department, inaugurated the proceedings of the 20th edition of the International Property Show (IPS). The event, spanning three days until 29 February, features the participation of 125 local and international exhibitors and serves as a platform to exchange experiences, showcase the latest projects, and explore promising investment opportunities within the real estate sector.

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Business & Investments

IHC Unveils Resounding 2023 Financial Results

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IHC Unveils Resounding 2023 Financial Results Demonstrating Strong Growth and Operational Excellence

Tahnoon bin Zayed Al Nahyan: “IHC has navigated a year of transformative growth, strengthened by forging key global partnerships and a versatile portfolio that has enabled us to adapt to economic fluctuations. Our efforts to deepen international connections underscore our mission to support the UAE’s ascent as a premier financial and innovation leader.

  • Record Revenue climbing to AED 60.1 billion with strategic acquisitions and performance driving a preliminary 17.9% YoY increase.
  • Growth of EPS to AED 12.55, indicating robust financial health and investor confidence.
  • Strong net profit at AED 32.95 billion.

Abu Dhabi, UAE; 26 February 2024: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate has announced its Financial Results for the year ended December 31, 2023, showcasing a remarkable year of transformational growth, operational excellence, achievements in sustainability, and stellar financial performance.

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Business & Investments

The FIATA-RAME Field Meeting & Conference in the UAE

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Held under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum

The FIATA-RAME Field Meeting & Conference in the UAE to chart a resilient course for regional logistics sector

  • The meeting will be held under the theme ‘Connectivity, Resilience, and Sustainability in Global Supply Chains and Trade
  • Over 1,000 industry leaders, CEOs will participate in the meeting

Dubai, United Arab Emirates; 26 February 2024:

The National Association for Freight and Logistics (NAFL) and International Federation of Freight Forwarders Associations (FIATA) revealed the key topics and programme of the FIATA-RAME (Region Africa Middle East) Field Meeting & Conference, happening on 5th & 6th March 2024, at the press conference held today at the Taj Exotica Resort, Dubai.

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Real Estate

Binghatti’s First Bond Market Debut Soars at Over 200% Subscription

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Binghatti’s First Bond Market Debut Soars at Over 200% Subscription

The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3-year Sukuk issuance. Priced competitively at 9.625%, the Sukuk experienced a tightening of approximately 30 basis points, demonstrating strong investor demand and confidence.

This transaction garnered widespread demand from both regional and international investors, with the order book peaking at an impressive 2.1 times subscription. The order book reached excess of USD 600 million, peaking at USD 621 million, underscoring the robust demand for Binghatti’s Sukuk offering.

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Beauty

Luxury Perfumery Pioneer Navitus Parfums Launches in Dubai

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Luxury Perfumery Pioneer Navitus Parfums Launches in Dubai

Dubai, United Arab Emirates – Navitus Parfums, the niche luxury perfumery brand imagined in the UAE and crafted by world-class master perfumers from France, officially launched in the UAE today.

This marks a significant milestone for a brand that continues to redefine the global luxury perfumery experience with its commitment to quality, sustainability, and direct engagement with consumers.

At an exclusive launch event at Atelier Perfumery in Dubai, Navitus Parfums unveiled its bespoke fragrances offering discerning guests and perfume enthusiasts a unique and enchanting olfactory experience crafted by the expertise of its master perfumers.

Guests at the launch were treated to a truly immersive and personalized experience, hosted by Founder & CEO Hayan Merchant, and guided by the master perfumers themselves, gaining insights into their creative process and inspirations.

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