Author: Mahdeehassan

Ajman, UAE – Etihad Water and Electricity (EtihadWE), the leading provider of water and electricity services and the key enabler of development and sustainability across the Northern Emirates, has signed a strategic agreement with Ajman Bank to strengthen cooperation in alignment with the UAE’s national development priorities. The agreement reflects EtihadWE’s commitment to advancing its long-term development agenda, with a focus on enhancing utility infrastructure resilience and ensuring the efficient delivery of vital projects across the region. The signing ceremony was attended by Eng. Yousif Ahmed Al Ali, Chief Executive Officer of Etihad Water and Electricity, and Mustafa Al Khalfawi, Chief…

Dubai, UAE – Drake and Scull International PJSC (DSI), specializing in contracting services for mechanical, electrical, and plumbing (MEP), as well as oil and gas, water and wastewater treatment projects, announced its financial results for the six-month period ending June 30, 2025, recording a net profit of AED 6.5 million, compared to a net profit of AED 3.8 billion in H1 2024 (which included a one-time adjustment to reflect the agreed restructuring plan). Key Highlights – H1 2025 vs. H1 2024: Financial Performance: Revenue for H1 2025 increased by 57% to AED 77.9 million, up from AED 49.7 million in H1 2024,…

Abu Dhabi, UAE: Presight AI Holding Plc (“Presight” or “the Company”; ADX: PRESIGHT), today announced its financial and operational results for the first half of 2025, highlighting strong performance fueled by continued domestic growth and international expansion.Presight reported AED 1.09 billion in revenue for the first half of 2025, marking an 80.2% increase year-on-year. Organic revenue, excluding the contribution from AIQ, grew by 33.5%. EBITDA rose 59.6% to AED 245.5 million, while net profit increased 18.8% to AED 209.7 million.In the second quarter alone, revenue reached AED 523.9 million, a 53.5% increase compared to Q2 2024, with organic growth accounting…

Dubai, UAE — NTT DATA, a global leader in digital business and technology services, today announced a global partnership with Google Cloud to accelerate AI-powered cloud innovations and unlock new possibilities with AI for enterprise organizations across industries. This collaboration combines NTT DATA’s deep industry expertise in AI, cloud-native modernization and data engineering with Google Cloud’s advanced analytics, AI and cloud technologies to deliver tailored, scalable enterprise solutions. With a focus on co-innovation, the partnership will drive industry-specific cloud and AI solutions, leveraging NTT DATA’s proven frameworks and best practices along with Google Cloud’s capabilities to deliver customized solutions backed by…

Dubai, UAE: Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest growing real estate developers, celebrated the debut of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange with a ceremonial bell-ringing event, marking a key milestone in the company’s international growth journey. The sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, was oversubscribed five times, attracting over USD 2.5 billion in orders from a diverse pool of regional and global investors. The issuance was priced with a profit rate of 8.125%, reflecting investor confidence in Binghatti’s robust financial position. The company is…

Tax Star, UAE’s first AI-enabled corporate tax automation software, has partnered with Wafeq, a leading UAE provider of accounting and e-invoicing solutions, to help small and mid-sized businesses simplify corporate tax calculations and stay compliant with local regulations. This partnership solves a common pain point for UAE businesses: getting accurate accounting data ready for corporate tax filing. By connecting Tax Star’s corporate tax automation features with Wafeq’s accounting tools, users can seamlessly transfer calculation data, removing the need for manual exports or double entry. Used by thousands of UAE businesses, Wafeq is at the heart of day-to-day financial operations and…

SBC Summit 2025’s Global Markets Stage will conclude with a focused look at the North American sports betting and iGaming market, one of the industry’s most commercially significant and complex regions. Taking place on Thursday, 18 September at the Feira Internacional de Lisboa (FIL), the Global Markets: North America track will round off three days of market-focused content covering Latin America & Brazil, Western Europe and North America. With a combined value of $23.44 billion, the US and Canadian markets are shaped by fierce competition, patchwork regulation, and steep entry costs. Yet, for those able to stand out and innovate, the long-term upside is significant. …

Abu Dhabi, UAE: – The Technology Innovation Institute (TII), the applied research arm of Abu Dhabi’s Advanced Technology Research Council (ATRC), has entered a strategic agreement with Quantinuum, a world leader in quantum computing, to accelerate the development and benchmarking of next-generation quantum computing algorithms and commercial applications in the United Arab Emirates (UAE). The agreement grants TII’s researchers access to Quantinuum’s quantum computing systems, recognized for having high operational fidelity. This includes access to Helios, the company’s upcoming next-generation system, which is expected to demonstrate improvements in gate fidelity and qubit connectivity. This expands TII’s diverse ecosystem of partner platforms, that…

Dubai, UAE; Bonds Avenue Residences, the first freehold property by Amirah Developments, introduced in the first half of 2025, has helped Dubai’s real estate market to record a 25 percent growth in the first half of 2025 to Dh431 billion from Dh345 billion in the same period, last year. The market has recorded 125,538 transactions, a 26 percent yearly growth, thanks to the popularity of projects like Bonds Avenue Residences on Dubai Islands – one of the most-sought after new destinations for investors and property buyers. These results were bolstered by quarterly figures, building on the Dh893 billion transaction momentum from…

Dubai, UAE – Apparel Group, the region’s leading fashion and lifestyle retail powerhouse, announces the launch of the first-ever standalone Martha Stewart store in the Middle East, in partnership with global brand accelerator Marquee Brands. Located at City Centre Mirdif, Dubai, this debut marks a key milestone in the brand’s global retail expansion. The new store offers an immersive home and lifestyle experience curated to reflect Martha Stewart’s signature aesthetic. Shoppers will find an extensive range of kitchenware, dining essentials, bedding, bath, fragrance, and home décor — all designed to inspire modern living with timeless elegance. Following the successful launches at…