Media Advisory: How Can Telecom Operators Grow Their Businesses While Mitigating Risk?

Media Advisory: How Can Telecom Operators Grow Their Businesses While Mitigating Risk?

BRIDGEWATER, N.J. – iconectiv: What:   Service providers are under significant pressure to sustain revenue growth and profitability while delivering new digital services. At the same time, regulations, technology disruptions, intensifying competition and changing customer demands are also placing telecom operators at a financial and operational crossroads: How can they grow their businesses while reducing cost and mitigating risk?           The webinar, “Driving Financial Decisions and Compliance with Fixed Asset Management,” will explore the role of an effective Fixed Asset Management (FAM) approach to enable the effective deployment, interworking…

Arab Bank Group reports first quarter 2022 net profit of $166 million

Arab Bank Group reports first quarter 2022 net profit of 6 million

DUBAI, UNITED ARAB EMIRATES, 29 APRIL: Arab Bank Group reported net income after tax for the first quarter of 2022 of $166 million as compared to $128.3 million for the prior period, recording an increase of 29.4%. The Group loan portfolio grew by 5% to reach $35.2 billion as of March 31, 2022 compared to $33.5 billion for the same period last year, while customer deposits grew by 3% to reach $47.3 billion compared to $45.8 billion for the same period last year. The increase in loans and deposits in…

Transguard Group Announces Profit Growth of 344% in FY21/22

Transguard Group Announces Profit Growth of 344% in FY21/22

Dubai, United Arab Emirates – Transguard Group has today announced a profit of AED 110 million and revenue of AED 2.2 billion for FY21/22; the UAE’s leading business solutions provider also revealed AED 1.8 billion in new and renewed business. “Our priority for FY21/22 was to continue driving the momentum that led us to the profitable finish of the last financial year,” stated Dr. Greg Ward, Managing Director, Transguard Group. “We were operating the majority of the year in the pandemic, so we are immeasurably proud that we’ve delivered another…

Ford to Drive Farnek’s Diverse FM Business Growth Strategy to Support New Corporate Structure

Ford to Drive Farnek’s Diverse FM Business Growth Strategy to Support New Corporate Structure

Dubai, United Arab EmiratesLeading UAE-based smart and green facilities management (FM) company Farnek has promoted UK National Derek Ford, to Senior Director of Business Development (BD) and Key Accounts.Ford, who joined Farnek in 2016 as a project director of total FM services, has a wealth of experience, including a 23-year career as an engineer in the British Army, with posts in Germany and Oman.Reporting directly to CEO, Markus Oberlin, Ford’s new responsibilities include aligning BD with corporate strategy, directing all sales activities including diversifying into new business sectors, managing key accounts and…

Eurofragance Closes 2021 with Sales Reaching 94 Million Euros and 20 Percent Growth Versus Year Ago

Eurofragance Closes 2021 with Sales Reaching 94 Million Euros and 20 Percent Growth Versus Year Ago

 Dubai, United Arab Emirates The company ended 2021 with a turnover of 94 million euros, representing a 20 percent increase compared with the previous year, demon strating its strength in navigating COVID-19. In 2021, all categories-fine fragrance, home care and personal care-enjoyed a positive evolution, the young multi-national successfully met its top-and bottom-line forecasts. In a business environment fraught with market volatility and shortages of certain raw materials, the company managed to defend its profitability. Eurofragance, a young fragrance multinational, closed 2021 with a sales increase of 20 percent compared with the previous…

Start-up company CommerceUp debuts in MENA region to provide end-to-end e-commerce technology solution

Start-up company CommerceUp debuts in MENA region to provide end-to-end e-commerce technology solution

Company’s entry to regional market comes amid growing e-commerce sector MENA’s e-commerce market volume in 2020 reached USD 41.5 billion, says report Unified technology solution to bring down business costs while supporting three pillars of e-commerce Dubai, UAE, March, 2022: CommerceUp, a start-up service provider of cloud-based e-commerce platform, has officially debuted in the MENA region to offer a next-generation end-to-end unified technology solution to its steadily growing online business sector. The company’s presence in the region signals the start of its heightened efforts to redefine e-Commerce 2.0 by offering…

Arab Bank Group reports 61% growth in net profits and 20% cash dividends

Arab Bank Group reports 61% growth in net profits and 20% cash dividends

Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of 61%. Group equity grew to reach $10.3 billion. The Board of Directors has recommended to the shareholders the distribution of 20% cash dividends for the financial year 2021. Arab Bank consolidated the financial statements of Oman Arab Bank under its Group accounts increasing total assets by $8.4 billion to reach $63.8 billion compared to $54.4 billion for the same period last year. Customer deposits grew by…

E-commerce Sector to Boost Cosmetic and Skincare Market Growth

E-commerce Sector to Boost Cosmetic and Skincare Market Growth

Dubai, United Arab Emirates (AETOSWire): Beauty and e-commerce have historically gone hand-in-hand, making it easier for customers to purchase products online without having to step foot in a store, and for both luxury and drugstore brands to increase their outreach and market to potential customers. The global cosmetics and skincare market was valued at USD 129.23 billion in 2020, and is set to increase by USD 38 billion between 2020-2024, accelerating at a compound annual growth rate (CAGR) of 5% during this forecast period. The Covid-19 pandemic has had a…

Arab Bank Group profits grow by 26% for nine months 2021

26% نمو أرباح مجموعة البنك العربي للتسعة أشهر الأولى من العام 2021

Arab Bank Group profits grow by 26% for nine months 2021 Arab Bank Group reported net income after tax of $271.7 million as compared to $215.2 million for the same period last year, recording a growth of 26%. Arab Bank consolidated the financial statements of Oman Arab Bank under its Group accounts increasing total assets by $8.4 billion to reach $63.7 billion compared to $52.5 billion for the same period last year. Customer deposits grew by 24% to reach $46.6 billion, while loans grew by 28%, to reach $34.1 billion.…

JLL: New ways of working continues to take shape as Cairo’s office market looks to the future

استمرار تطوير أساليب عمل جديدة لمواكبة الطلب المستقبلي على سوق المكاتب في القاهرة

JLL: New ways of working continues to take shape as Cairo’s office market looks to the future Growth across sectors as Cairo continues to lead the region with positive performance With businesses adjusting to the new ways of remote working and hot-desking, larger corporates in Cairo continue to focus on space optimization while considering social distancing and hygiene requirements, according to JLL’s Q2 2021 Real Estate Market Overview report released today. “Cairo is currently the only market in the MENA region to have registered any growth across its sectors, making…