Middle East

Business

Agility Reports Q3 2024 Net Profit of KD 10 Million  

 Q3 2024 (Million KD) Q3 2023 (Million KD) Variance (%) 9M 2024 (Million KD) 9M 2023 (Million KD) Variance (%) Revenue 411.0 360.8 14% 1,122.7 1,009.2 11% Net Revenue 260.0 212.8 22% 720.0 599.7 20% EBITDA 70.0 58.7 19% 204.2 179.6 14% EBIT 44.8 33.8 33% 129.4 110.1 18% Net Profit 10.1 28.0 -64% 34.8 57.5 -40% EPS (fils)  4.04 11.23 -64% 13.93 23.03 -40%  Numbers above are rounded.   Agility, a supply chain…

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Business

Pemo Hits AED 1.4BN in Transactions Secures $7M in Pre-Series A Led by Augmentum Fintech and Shorooq 

Pemo has announced a $7 million Pre-Series A Funding round as it seeks to continue its unprecedented growth in the…

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Technology

Gartner Predicts Power Shortages Will Restrict 40% of AI Data Centers By 2027

AI and generative AI (GenAI) are driving rapid increases in electricity consumption, with data center forecasts over the next two years reaching…

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News

UAE President Attends COP29 World Leaders Climate Action Summit, Reiterates Importance of Accelerating Climate Action

President His Highness Sheikh Mohamed bin Zayed Al Nahyan today attended the opening session of the COP29 World Leaders Climate…

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Technology

New NetApp Storage Offerings Modernize Workloads for Businesses of All Sizes 

NetApp®, the intelligent data infrastructure company, today announced updates to its portfolio of enterprise storage offerings including new NetApp AFF…

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Technology

October 2024’s Most Wanted Malware: Infostealers Surge as Cyber Criminals Leverage Innovative Attack Vectors 

Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading cyber security platform provider of AI-powered, cloud delivered solutions, has released…

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News

Hamdan bin Mohammed gives the Starting Signal for the Implementation of the First Air Taxi Station in Dubai

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence…

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News

Dubai Toll-Gate Operator Salik Rides High with Dh822 Million Profit

Dubai firm targets sharp 24-25% revenue gain in 2025 as two new toll-gates open The Dubai toll-gate operator Salik’s 9-month…

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News

ACWA Power Announces USD238 million Aggregate Financial Closing for Absheron-Khizi Wind Farm in Azerbaijan at COP29

ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has…

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News

UAE President arrives in Azerbaijan to Participate in COP 29 Climate Conference

 UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived today at Heydar Aliyev International Airport in Baku on…

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