EMSTEEL delivers AED 8.3 billion in revenue for 2024

 Abu Dhabi, United Arab Emirates, 12 February 2025: EMSTEEL (ADX: EMSTEEL) (“the Group”), one of the largest publicly traded steel and building materials manufacturers in the region, announced today its preliminary (unaudited) financial results for Full Year 2024. The results highlight EMSTEEL’s ability to perform well whilst facing difficult market conditions.

 Financial highlights for 2024:

• During 2024, EMSTEEL maintained overall steel production volumes in line with the level attained during 2023. The Group delivered total revenues of AED 8.3 billion, approximately 6% lower than the AED 8.9 billion reported for 2023. This decrease in revenue is due to various factors, including fluctuations in global steel prices, increased competition, and changing demand trends driven by economic uncertainties in key markets.

DIFC introduces new PropTech solution, boosting Dubai’s appeal as a leading property investment destination

 

• Further enhances Dubai’s reputation as a global hub for technology and innovation
• Aligns with Dubai Real Estate Sector Strategy 2033 objectives and Dubai Digital Strategy
• Keyper, Dubai’s pioneering PropTech company, becomes first subscriber and creates go-to digital resource for all essential residential property data within the financial district

Dubai, UAE; 12 February 2025: Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has launched a new technology solution that enables third parties to access data on its real estate landscape.

TASARU, Bahri, and Mosolf Group Join Forces to Deliver Comprehensive Automotive Logistics for the Kingdom

 

• TASARU, Bahri, and Mosolf Group have formed a strategic JV in Saudi Arabia to deliver comprehensive automotive logistics solutions in the Kingdom and address market gaps.
• TASARU will provide capital investment, Bahri will manage shipping with its extensive maritime logistics experience and local market expertise, and Mosolf Group will offer technical know-how from its European automotive logistics operations.

12, February, Riyadh, Saudi Arabia: TASARU Mobility Investments (“TASARU”), a prominent investment entity wholly owned by the Public Investment Fund (“PIF”) of Saudi Arabia, has launched a strategic joint venture (“JV”) in collaboration with Bahri, the National Shipping Company of Saudi Arabia, and MOSOLF Group, a leading European provider of automotive logistics and technology solutions. This joint venture aims to deliver comprehensive and innovative logistics solutions tailored to meet the needs of the automotive and mobility sectors in Saudi Arabia. It embodies the concept of sustainable logistics innovation by leveraging advanced technologies and developing infrastructure that supports the transformation of the automotive and mobility landscape. ​

Breakbulk Middle East 2025 Opens with Record Attendance and Strong Industry Engagement

 Dubai, UAE – February 10, 2025 – Thousands of project cargo professionals gathered today at Dubai World Trade Centre for the opening of Breakbulk Middle East 2025, marking the region’s largest industry event to date. With business decision-makers representing every sector of the supply chain, the event set the stage for two days of high-level discussions, networking, and deal-making.

The event was officially inaugurated by Her Excellency Eng. Hessa Ahmed Al Malek, Minister Advisor for Maritime Affairs at the Ministry of Energy and Infrastructure, who welcomed attendees and reaffirmed the UAE’s commitment to strengthening global trade. “The UAE remains committed to strengthening its position as a global trade hub by fostering collaboration, investing in infrastructure, and embracing innovation,” she said. “Breakbulk Middle East plays a critical role in advancing these efforts, bringing together key players to drive the industry forward.”

Line Investments & Property Launch New LAKA Gift Card Powered by VISA

 Combining flexible redemption, personalized gift-giving, and security across 19 malls

Abu Dhabi, UAE — Line Investments & Property SP LLC, the shopping mall division of Lulu International Holdings, today unveiled the LAKA Gift Card, a groundbreaking gifting solution now accessible across its 19 premier Line Investments malls in UAE.

Developed in collaboration with regional fintech leaders Giftstarr and NymCard. The card is powered by VISA’s secure infrastructure. The LAKA Gift Card introduces the GCC’s first integration of QR-enabled personalized video messaging, enhancing retail gifting through unmatched convenience and emotional resonance.

LOGIC Holding Acquires NEXEL to Accelerate Leadership in Digital Transformation and Innovation

 4th of February 2025, Dubai, United Arab Emirates – LOGIC Holding, a leading management consulting group in the MEA region, today announced the acquisition of a majority stake in NEXEL, a renowned digital transformation and innovation consulting firm. This strategic move amplifies LOGIC’s capabilities in delivering cutting-edge digital solutions while expanding its market reach across the Gulf.

By integrating NEXEL’s expertise in enterprise architecture, artificial intelligence, e-commerce, cloud, data services, and sector-specific innovation, LOGIC strengthens its portfolio to meet surging demand for transformative digital service offerings. The partnership unlocks operational synergies, accelerates growth in key markets like Saudi Arabia, and positions LOGIC as the partner of choice for businesses navigating complex technological shifts.

Keyper partners with First Abu Dhabi Bank and Dubai First to transform rent payments with guaranteed cashback and a chance to win one month’s rent

 Dubai, United Arab Emirates — 3rd February 2025 — In an exciting partnership that sets a new benchmark in the UAE rental market, Keyper has joined forces with the First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, and Dubai First in partnership with Mastercard to make Keyper’s one-of-a-kind Rent Now, Pay Later (RNPL) programme available to their users for the first time.

Designed to redefine how tenants pay rent, this partnership introduces the convenience of paying by card, monthly instalments on annual rent, earning bank rewards, guaranteed cashback, and the chance to win back a month’s rent.

Joyalukkas opens its second showroom in the UK.

 Southall, UK – 31st January, 2025: Joyalukkas, the world’s favourite jeweller, has officially opened its second showroom in the UK, in Southall, marking a significant milestone in its 19-year journey in the UK. Located at 38 The Broadway, Southall, UB1 1PT, the new showroom promises to deliver an elegant shopping experience, featuring an extensive collection of exquisite jewellery. From timeless gold to stunning diamond and precious stone pieces, the showroom offers a diverse range to suit every occasion and taste.

 

NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth

 

• 400,000 sqm Ras Al Khair yard will deepen NMDC Energy’s project portfolio to meet increasing regional energy and manufacturing demand.
• The state-of-the-art yard will provide offshore facilities fabrication as well as onshore modularization.
• NMDC Energy have been awarded multiple projects worth billions of dollars by Aramco since the long-term agreement with Aramco was signed in 2016.
• Yard part of wider strategy to support investment to deliver positive economic impact in KSA with the Kingdom now responsible for 38% of NMDC Energy’s total revenue.

Abu Dhabi, UAE: 21 January 2025 – NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC (ADX: NMDC), has inaugurated an advanced fabrication yard in Ras Al Khair, Saudi Arabia, representing the next phase of its strategic regional and global growth for the company. Equipped with the latest features in automation and digitalization, it also incorporates the latest fabrication processes.

Middle East confidence steady as new orders surge 10% above average, according to ACCA’s GECS Q4 2024

 Survey highlights regional resilience, driven by non-oil sector growth and strategic diversification efforts

Dubai, UAE: 22 January 2025: Despite global economic uncertainty, the Middle East is emerging as a beacon of resilience, according to the Q4 2024 Global Economic Conditions Survey (GECS) released by the Association of Chartered Certified Accountants (ACCA).

The survey revealed a 10% rise in new orders above historical averages for the region, signaling robust economic activity driven by diversification efforts and strong non-oil sector growth. While confidence levels dipped slightly in Q4, they remain among the highest globally, second only to South Asia.

81% of CDP users gain competitive edge in AI initiatives, Tealium research shows

 Study reveals enterprises with CDPs achieve faster AI deployment with superior data quality, while non-CDP users struggle with data wrangling and compliance

22 January 2025 – Tealium today released its sixth annual report, The Future of Customer Data: AI, CDPs, and Real-Time Data, revealing insights into how organizations are leveraging customer data platforms (CDPs) to drive business success in an AI era. The study surveyed 1,200 global professionals across industries, examining both CDP and non-CDP users at various stages of maturity.

68.97% of GCC Facility Managers Report Improved Efficiency Through Centralized Digital Platforms

 Empowering GCC Facility Management: New Insights on Digital Transformation, Efficiency, and Cost Savings

Dubai, UAE – 20 January 2025 –The facility management industry in the GCC is experiencing a seismic shift as professionals adopt digital tools to meet rising operational demands. A new whitepaper from PlanRadar, in collaboration with the Middle East Facility Management Association (MEFMA), reveals that 68.97% of FM professionals report enhanced efficiency through centralized digital platforms, while 58.62% highlight cost savings from reducing errors and delays. This comprehensive report not only sheds light on the challenges FM professionals face but also provides actionable strategies to navigate them effectively.

A Rapidly Evolving Industry: The Role of Digital Platforms

The whitepaper highlights how the GCC’s FM sector is growing in complexity due to large-scale urban development and diverse facility types. 44.83% of professionals are adopting digital tools to streamline daily operations, and 62.07% are using Computer-Aided Facility Management (CAFM) software to optimize workflows. However, challenges like operational inefficiencies, workforce gaps, and sustainability pressures remain critical barriers.

Breakbulk Middle East Returns to Dubai with Record-Breaking Momentum

 DUBAI, UAE – 14th January 2025 – Held under the patronage of the UAE Ministry of Energy and Infrastructure, Breakbulk Middle East will return to the Dubai World Trade Centre on 10-11 February 2025 to deliver its most impactful edition yet. Registration is now open, and all indications point to a record-breaking event for the only trade show in the region dedicated to the project cargo and breakbulk industry.

“Breakbulk Middle East has consistently demonstrated its ability to unite industry professionals, foster collaboration, and promote innovative solutions for the supply chain,” said H.E Eng. Hassan Mohamed Juma Al Mansouri, Undersecretary for Infrastructure and Transport Affairs at the UAE Ministry of Energy and Infrastructure. “As we address challenges such as climate change and trade efficiency, the UAE remains committed to supporting platforms like this that facilitate meaningful dialogue and drive progress in international trade and prosperity.”

World Future Energy Summit’s CLIX Startup Platform Champions Women in Energy, Advancing Climate Debate

 

• 2025 Theme Focuses on Female-Centric, Founded or Managed Startups
• Global Startups Roll Out Pioneering Solutions to Impact Land, Sea and Air Sustainability
• Visionaries Look to Win Investor Backing for Impact-Driven Tech-Based Solutions

Abu Dhabi, UAE – January 12, 2024: Pioneering, female-driven sustainability solutions from more than 12 countries spanning the Americas, UK, Europe, Asia, and Africa, will be rolled out this month at the Climate Innovations Exchange (CLX), a flagship event of the World Future Energy Summit, which is hosted by Masdar and part of Abu Dhabi Sustainability Week.

Women visionaries and female-centric, founded, or run startups with groundbreaking answers to some of the world’s most pressing sustainability challenges will be looking to connect with investors and partners through the CLIX programme and showcase from January 14-16, 2025, at the ADNEC Centre in Abu Dhabi. A total of 35 startups are confirmed to attend next week’s event in the CLIX lineup and will be given the opportunity to present their solutions to global investors on a dedicated stage.

The startup support from the World Future Energy Summit of comes in response to a pivotal UN report highlighting the disproportionate impacts of climate change on women and girls. The report detailed how women, particularly in rural areas, bear the brunt of climate-related challenges, recognising women’s unique vulnerability but also their potential as agents of change.

Emirates GBC and Global Green Growth Institute partner to advance sustainable urban development in the UAE

 

• MoU to focus on knowledge sharing, green project implementation, and thought leadership
• Collaboration will harness the collective expertise, networks, and experiences of both organisations to drive the UAE’s net-zero readiness

Dubai, UAE; January 2, 2025:The Emirates Green Building Council (Emirates GBC) and the Global Green Growth Institute (GGGI) have signed a Memorandum of Understanding (MoU) to collaborate on promoting sustainable, climate-resilient, inclusive, and green urban development in the UAE through a combination of support mechanisms, training, knowledge platforms, and knowledge-sharing events. Leveraging insights from both the public and private sectors, this partnership will address challenges in enhancing the built environment, with a deep focus on green project implementation and thought leadership.

AD Ports Group Assigned New A1 Credit Rating by Moody’s Ratings

 Abu Dhabi, UAE – 10 December 2024: AD Ports Group (ADPORTS:ADX), an enabler of integrated trade, transport and logistics solutions, announced today that it has received an initial A1 credit rating with a stable outlook from Moody’s Ratings (Moody’s), the international credit ratings agency, reflecting the Group’s strong financial performance and robust growth prospects.

AD Ports Group’s A1 long-term issuer rating reflects the company’s Baseline Credit Assessment (BCA) of Baa2 and the Government of Abu Dhabi majority ownership through ADQ.

3rd GPCA Youth Forum Spotlights Role of GCC Youth in Driving Regional Development and Global Progress

 The Gulf Petrochemicals and Chemicals Association (GPCA) Youth Forum took place in Oman Convention & Exhibition Centre, Muscat, Oman, from 2-5 December 2024

Muscat, Oman, 11 December 2024 – The 3rd edition of the Gulf Petrochemicals and Chemicals Association (GPCA) Youth Forum, an initiative led by GPCA and the GPCA Youth Council, highlighted the role of GCC youth in driving regional development and global progress, attracting 385 young professionals and students from across the Arabian Gulf. Taking place on the sidelines of the 18th Annual GPCA Forum from 2-5 December 2024 in Oman Convention & Exhibition Centre, Muscat, Oman, the GPCA Youth Forum addressed the theme ‘Youth Powering Tomorrow: Shaping a Sustainable Future’.

Strategico hosts insightful panel on AI’s transformative power at Global Media Congress 2024

 Global experts explore AI’s potential to revolutionise predictive media and bolster the UAE’s leadership in artificial intelligence

– Dr Mohamed Al Kuwaiti, UAE’s Head of Cybersecurity: “Big data analysis provides us with both foresight and insight, enabling us to stay ahead of potential threats”

– Mahmoud Jassim, Regional Director for Public and Government Sector at Dell Technologies: “In today’s fast-paced world, especially in media, the need for rapid responses is greater than ever”

– Anderson Jackson, Chief AI Officer at G42: “We have committed to advancing AI responsibly, and we are already implementing those plans”

National Bonds Launches ‘Zayed and Rashid’ Sukuk

 In Celebration of the UAE’s 53rd National Day

National Bonds Launches ‘Zayed and Rashid’ Sukuk

Dubai, United Arab Emirates, 21 November 2024: National Bonds, the UAE’s leading Sharia-compliant savings and investment company, has unveiled an exclusive, limited-edition ‘Zayed & Rashid’ sukuk. This special initiative invites nationals and residents to celebrate the nation’s pride and legacy by honouring the remarkable contributions of the UAE’s founding fathers, the late Sheikh Zayed bin Sultan Al Nahyan and Sheikh Rashid bin Saeed Al Maktoum.

National Bonds has launched a special edition sukuk in celebration of UAE National Day, this release comes in line with the ‘Zayed and Rashid’ campaign, which seeks to honour the legacy of the UAE’s most prominent leaders while fostering a renewed sense of loyalty and belonging to the nation. It also underscores the company’s dedication to promoting a culture of savings, empowering individuals to achieve their future aspirations.

Nasdaq-listed MakeMyTrip Emerges as the Market Leader in UAE’s OTA Air Landscape

 The UAE total air market is valued at $3.9 billion from the demand-side in 2023, and is projected to reach $5.4 billion by 2028

Dubai [21st November 2024]: India-based travel research and M&A advisory company VIDEC Consultants, for the first time, has sized the GCC & Egypt travel market opportunity from a highly complex demand-side methodology.

VIDEC undertook an independent, rigorous and unbiased, multi-client syndicated research covering air and hotel categories for Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Egypt, with an emphasis on the role of online travel intermediaries. By focusing exclusively on bookings made through local point of sale (POS), the study offers a pertinent assessment of UAE’s true travel market potential.