Tecom Group has demonstrated impressive financial performance in 2025, driven by strategic land acquisitions and robust demand in the industrial sector. The company’s latest results reflect a significant increase in both revenue and net profit, highlighting its effective operational strategies and market positioning. Financial Highlights In the first nine months of 2025, Tecom Group’s revenue…
As November approaches, UAE motorists are eagerly awaiting the announcement of fuel prices, hoping for a reprieve after the increases seen in October. Recent fluctuations in global oil markets, influenced by geopolitical events and economic forecasts, have created uncertainty regarding the direction of fuel costs. Current Fuel Prices and Trends In October, fuel prices in…
International Holding Company (IHC) has made a strategic decision to sell its entire stake in Modon Holding, a significant player in the Abu Dhabi real estate market. This move is part of IHC’s broader strategy to diversify its investments and allocate capital to sectors with higher growth potential. Details of the Sale IHC sold its…
Dubai is set to enhance its automotive landscape with a new facility that promises to be one of the largest automotive refurbishment centers in the region. A partnership between DP World and Cars24 has led to the development of a state-of-the-art center at the National Industries Park, backed by an investment of AED 55 million…
A significant advancement in port operations is underway at Deendayal Port in Gujarat, India. The Deendayal Port Authority, in collaboration with DP World and European technology firm Nevomo, has initiated a pilot project to implement magnetic rail propulsion technology. This innovative approach aims to enhance cargo movement efficiency while minimizing environmental impact. Overview of the…
Dubai is taking significant steps to bolster its finance and fintech sectors with the introduction of a new Financial Centre under the Dubai Multi Commodities Centre (DMCC). This initiative aims to position the city as a leading global financial hub, fostering innovation in trade finance, fintech, and digital assets. Overview of the New Financial Centre…
National Bonds has unveiled a new investment option designed to enhance the UAE’s voluntary end-of-service savings scheme. This Sharia-compliant fund offers both capital protection and flexible savings, providing a modern alternative to the traditional gratuity system for employers and employees alike. Overview of the New Fund The “National Bonds Capital Protected Shari’a Compliant Fund” has…
Alef Education has demonstrated robust financial growth in the first nine months of 2025, reflecting its strategic initiatives and expanding international presence. The company has reported increased revenue and profit margins, showcasing its commitment to enhancing educational offerings and partnerships. Financial Highlights In the first three quarters of 2025, Alef Education achieved a revenue of…
Abu Dhabi National Energy Company, known as TAQA, has divested its lignite-fired power operations in India, signaling a strategic shift towards cleaner energy sources. This decision aligns with the company’s commitment to reducing carbon emissions and enhancing its portfolio of gas and renewable energy assets. Details of the Sale TAQA has sold its entire stake…
In the first nine months of 2025, NMDC Group demonstrated robust financial performance, showcasing a substantial increase in both revenue and net profit. The company’s strategic focus on overseas expansion and energy contracts has played a pivotal role in its growth trajectory. Financial Highlights NMDC Group reported a revenue of Dh20.5 billion, marking an 11%…