News Desk DUBAI: Union Coop has announced its financial results for the first half of 2024, demonstrating a 5% increase in semi-annual revenues compared to the previous year. The cooperative achieved a 32.3% growth in net profits and expanded profit margins across its various sectors. The cooperative’s Board of Directors has released the semi-annual results following strong performance in both …

DUBAI: Andromeda Sales & Distribution, India’s premier loan distribution network, is pleased to announce its strategic expansion into the Middle East, a move fuelled by its exceptional domestic performance. The company recorded over 23% growth in loan disbursals, reaching $9,048 million (Rs. 75,397 crore) during the Financial Year 2023-24. This notable growth was primarily driven by the home loan segment, …

News Desk DAMAC Capital, the investment arm of the globally renowned DAMAC Group, has announced strong ROI its strategic investments in SpaceX and Stripe. The investments underscore DAMAC Capital’s continued commitment to pioneering advancements in technology and innovation at a global scale, propelling its portfolio into sectors with significant growth potential. DAMAC has been active in the space tech industry …

Visa, a world leader in digital payments, has launched a new global campaign,  “Prodigies,” which showcases the inspiring stories of individuals who have overcome challenges and pursued their passions with determination and creativity. The campaign serves as a tribute to the power of small steps taken by people who follow their dreams and achieve their goals. Hasan Raheem, a gifted young artist …

Web Desk KARACHI: The Consulate General of Sri Lanka in Karachi, in collaboration with the Department of Commerce in Sri Lanka, hosted Sri Lanka’s participation at the 19th My Karachi – Oasis of Harmony Exhibition, held from August 2nd to 4th at the Karachi Expo Center. Sri Lankan exporters, including Maliban Biscuits, TeaTalk, Orange Electrics and Sri Lankan Airlines joined …

In May, German Chancellor Olaf Scholz highlighted the daunting financial requirements for transitioning global economies towards climate neutrality at the Global Solutions Summit. The United Nations estimates this transition will need a staggering €125 trillion in investments. Scholz acknowledged the insufficiency of state funding from industrially developed countries and emphasized the necessity of mobilizing private investment to meet these ambitious …

News Desk DUBAI: flydubai, the Dubai-based carrier, touched down in Basel today, becoming the first national carrier from the UAE to operate direct flights from Dubai. This marks the start of the carrier’s four-times weekly service to EuroAirport Basel-Mulhouse-Freiburg (BSL) from Dubai International (DXB). The inaugural flight touched down at EuroAirport Basel-Mulhouse-Freiburg (BSL) and was met with a traditional water cannon salute. …

MANILA/DUBAI: Holiday Factory, the UAE’s award-winning & leading tour operator, proudly announces its expansion into the Asian market with the launch of its first real package tour operator in the Philippines. A press conference was held at the Marco Polo Ortigas Hotel in Manila on 29th July 2024, attended by over 120 esteemed media representatives, including top journalists from 15 …

DUBAI: The demand for travel insurance has witnessed a significant increase, driven by a surge in customer inquiries and a growing trend among travellers to secure their journeys. According to Policybazaar.ae, a leading insurance marketplace in the Middle East  – the number of customer inquiries for travel insurance has skyrocketed by 182% compared to last year. This surge is primarily …

DUBAI: MERED, the award-winning international premium real estate developer, continues its rapid expansion across the UAE by acquiring a prime waterfront plot in Al Reem Island, Abu Dhabi. This milestone shows MERED’s strategic growth ambitions and commitment to delivering state-of-the-art residential and commercial developments to multiple hubs in the country. The newly acquired plot spans 11,890 sq, located in the …