Tag Archives: Featured

Business & Investments

Emirates Stallions Group Announces Record 316% Growth in Net Profit for 2023

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Emirates Stallions Group Announces Record 316% Growth in Net Profit for 2023

  • ESG marked a significant milestone this year, recording a net profit surge to AED 687 million.
  • Strategic portfolio expansion and key acquisitions led to an impressive 168% and 202% growth in the company’s assets and equity, respectively.

Abu Dhabi, UAE, 10 February 2024: Emirates Stallions Group (ADX: ESG), the leading provider of Manpower Supply, Workers & Staff Accommodation solutions, as well as Landscaping & Agriculture, Real Estate Development, Engineering Project Management and associated services to Construction, Development and Hospitality, and a subsidiary of International Holding Company (ADX: IHC), today announced a remarkable year-on-year net profit increase of 316%, reaching AED 687 million for the fiscal year ended December 31, 2023. This significant financial achievement underscores the Group’s strategic acumen and operational excellence, marking a historic milestone in its growth trajectory.

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Life Style & Leisure

Take a Cosmic Journey with Celestially Inspired Titan Stellar

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Take a Cosmic Journey with Celestially Inspired Titan Stellar

Dubai, United Arab Emirates

As the UAE continues its ascent in the global space race, Titan Watches invites regional customers to embark on a cosmic journey of their own.

The renowned name in the world of horology has unveiled its latest masterpiece – Titan Stellar. This extraordinary line of timepieces draws inspiration from the awe-inspiring cosmos, transcending traditional timekeeping and inviting wearers to reach for the stars.

A testament to the elegance, precision, and innovation that the brand is famous for, Titan Stellar is unique in that it allows you to carry the story of the universe on your wrist.

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Education

Sheikh Nahyan joins GEMS Education to launch major new global movement to put ‘Family First’

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Sheikh Nahyan joins GEMS Education to launch major new global movement to put ‘Family First’

  • All 45 schools in the UAE and Qatar will offer family-focused classroom projects
  • New movement for change will place a top priority on caring for elderly relatives
  • Programme fits GEMS’ mission to deliver a holistic education for all its students

DUBAI, United Arab Emirates:For the last 65 years, GEMS Education has been putting ‘Family First’ at the heart of its teaching, and today the UAE’s largest private education provider announced plans to incorporate this core principle in a new movement for global change while supporting the UAE Leadership’s agenda for social change.

The initiative was launched at GEMS World Academy – Dubai by His HighnessSheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence. VIP guests included Her Excellency Hessa Bint Essa Buhumaid, Director-General of Dubai’s Community Development Authority, who addressed the audience of some 500 GEMS family members, including GEMS Education Founder Mr Sunny Varkey, students, parents, and grandparents.

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Real Estate

Asteco 2023 Q4 Report: UAE Real Estate Market Surges Amid Global Uncertainties

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Asteco 2023 Q4 Report: UAE Real Estate Market Surges Amid Global Uncertainties

Abu Dhabi, 07February2024–According to the Asteco 2023 Q4 real estate report,the UAE market witnessed unprecedented growth during 2023despite the variousglobal challenges.The report anticipates continued positive trajectory over 2024. Key strategic initiatives, including the UAE Tourism Strategy 2031 and ‘We the UAE 2031,’ are expected to fortify the UAE’s standing as one of the premier destinations globally.

2023 Highlights

In 2023, record-breaking figures were observed in terms of individual unit sales values, transactional volumes and project launches. The luxury market attracted significant attention, showcasing some of the most remarkable transactions to date.

The surge in transitioning annual leases into short-term rental properties for short-term gains and the lag in new deliveries stemming from Covid related development delays have amplified the supply-demand dynamics at play, and ultimately resulted in heightened rental pressure.

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Business & Investments

The 25th edition of the Gulf Engineering Forum kicks off in Dubai

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Under the patronage and attendance of Sheikh Rashid bin Hamdan bin Rashid Al Maktoum 25th edition of the Gulf Engineering Forum kicks off in Dubai

Dubai, UAE, 07 February 2024: Under the patronage and attendance of Sheikh Rashid bin Hamdan bin Rashid Al Maktoum, the Supreme President of the Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences, the 25th edition of the Gulf Engineering Forum and its accompanying exhibition kicked off today, Wednesday, under the theme “Smart Engineering for Sustainable Future”, with the participation of more than 500 participants, to discuss various topics related to future trends in the engineering sector and its role in enhancing the global sustainability system.

The hosting of the event in the UAE coincides with the announcement by His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, of the year 2024 as an extension of the 2023 Year of Sustainability, reflecting the UAE’s commitment to adopting sustainable practices and innovative solutions to address key issues and challenges in the engineering field.

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