DP World has officially begun operations at Tartus Port in Syria, marking a significant step in a comprehensive $800 million modernization initiative. This development follows the formal handover from the Syrian General Authority for Land and Sea Ports and aims to revitalize the port as a key maritime and logistics hub in the region. Key…
The Dubai Exhibition Centre (DEC) is on the verge of a significant transformation, with the first phase of its expansion nearing completion. This development is expected to enhance Dubai’s status as a premier destination for international exhibitions and events, starting in early 2026. Expansion Details The first phase of the DEC expansion, which is part…
The Philippine peso has recently fallen to its lowest value in three years, raising questions about the implications for overseas Filipino workers (OFWs) who remit money back home. This decline is attributed to a combination of economic challenges and a significant corruption scandal affecting investor confidence. Current State of the Peso As of November 10,…
Lenskart, a prominent eyewear brand in India, experienced a rocky start during its initial public offering (IPO) debut. The stock opened lower than anticipated, raising concerns among investors about its valuation and market positioning. Despite a brief recovery, the initial performance has sparked discussions about the company’s future prospects. Initial Performance and Market Reactions On…
Fertiglobe, a leading global exporter of urea and ammonia, has reported impressive financial results for the third quarter of 2025. The company’s revenue and earnings have surged, driven by increased urea prices and operational enhancements. This growth positions Fertiglobe favorably for continued success in the coming quarters. Financial Performance Overview In the third quarter of…
Lenskart Solutions made its much-anticipated stock market debut on Monday, but the initial performance fell short of expectations. The shares opened at Rs395, reflecting a 1.74% decline from the issue price of Rs402, resulting in a loss of Rs7 per share for investors. Market Performance and Investor Sentiment Upon listing, Lenskart’s stock price quickly dropped…
Talabat has demonstrated robust growth in the third quarter, showcasing significant increases in both revenue and net income. The company continues to expand its presence in the food delivery and grocery sectors, driven by strong order volumes across all markets. Financial Highlights In the third quarter, Talabat’s Gross Merchandise Value (GMV) reached $2.4 billion, reflecting…
Recent developments in Washington have sparked optimism among investors, leading to a notable rally in stock markets. Reports indicate that lawmakers may have reached a bipartisan agreement to end the ongoing government shutdown, which has persisted for over 40 days. This potential resolution is seen as a crucial step toward restoring normal operations in the…
Eshraq Investments PJSC is taking significant legal steps following its 2022 acquisition of Goldilocks Investment Company Limited. The company has announced plans to pursue criminal and arbitration proceedings against former board members and selling parties involved in the transaction due to undisclosed pledged shares. Legal Proceedings and Board Decisions In a recent filing with the…
Parkin Company, the leading paid public parking operator in Dubai, has announced impressive third-quarter results for 2025. The company experienced a significant revenue increase, attributed to higher tariffs, network expansion, and enhanced enforcement measures. This performance has prompted an upward revision of its full-year revenue guidance. Strong Revenue Growth In the third quarter, Parkin’s revenues…