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Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensive Infrastructure Sol ...
Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region. This collaboration combines Hibrid's cutting-edge streaming platform with Alibaba's robust infrastructure capabilities to enhance content delivery, optimize network performance, and provide scalable solutions tailored to the unique needs of the Middle Eastern market. The partnership aims to empower ......Read More
Thursday, June 26, 2025
HSA Group Appoints Mr. Dirhem Abdo Saeed as Chairman of the Board
Dubai, UAE – 18 June 2025, HSA Group is proud to announce the appointment of Mr. Dirhem Abdo Saeed as Chairman of the Board, marking a significant milestone in the Group’s 88-year legacy as one of the Middle East’s leading multinational family businesses. With over 40 years of international business experience, Mr. Dirhem is a ......Read More
Friday, June 20, 2025
Gold and Silver Forecast: geopolitical tensions drive demand
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold prices have staged a notable resurgence over the past week, as geopolitical tensions once again dominate investor sentiment, highlighting gold's enduring appeal as a traditional safe haven in times of global instability. However, the initial uptick, observed last week, ......Read More
Tuesday, June 17, 2025
Silver (XAGUSD) dips as trade optimism wobbles on China comments
By Daniela Sabin Hathorn, senior market analyst at Capital.com The price of silver (XAG/USD) entered a consolidation phase on Wednesday morning, trading within a narrow range around $36.50 following a period of heightened volatility. However, sentiment quickly shifted after comments from the Chinese Vice Premier regarding ongoing trade ......Read More
Wednesday, June 11, 2025
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Trinasolar Reaffirms Tier 1 Status in BNEF Q2 2025 List, Underscoring Exceptional Bankability and Gl ...
Dubai, UAE – June 11: Trinasolar has once again secured its position in the BloombergNEF (BNEF) Tier 1 list for Q2 2025, reaffirming its exceptional bankability, industry-leading technologies, and robust shipment of its 210mm modules. This recognition further cements Trinasolar’s reputation as a global leader in smart solar and energy ......Read More
Wednesday, June 11, 2025
Islamic Development Bank Institute Engages Global Stakeholders to Advance Islamic Finance during Gro ...
The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance JEDDAH, Saudi Arabia, June 2, 2025/ -- The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries. Led by Dr. Sami Al-Suwailem, Acting Director General, the IsDBI team included Mr. Mohammad ......Read More
Monday, June 2, 2025
TCL and Arsenal Announce Global Partnership Expansion in Multi-Year Deal
Dubai, UAE –June 02, 2025: TCL, a leading global consumer electronics brand and the No.2 TV brand worldwide, proudly announces the elevation of its partnership with Arsenal Football Club to a global level, becoming Arsenal’s Official Global Consumer Electronics Partner. This milestone marks a new era in the relationship between two ......Read More
Monday, June 2, 2025
Gold (XAU/USD) edges higher amid US credit concerns, but faces resistance
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold (XAU/USD) is attempting to regain bullish momentum at the start of the week, though upside progress remains capped by key technical resistance. The precious metal found support near the 50-day simple moving average (SMA) at $3,168 last week, triggering a modest rebound as ......Read More
Tuesday, May 20, 2025
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Panasonic Forges Retail Partnership with SACO to Enhance Customer Experience in Saudi Arabia
Panasonic bats for enhanced service and supply efficiency by collaborating with Saudi Company for Hardware (SACO) Riyadh, Saudi Arabia Panasonic Marketing Middle East and Africa (PMMAF) has revealed a groundbreaking strategic partnership with Saudi Company for Hardware (SACO), KSA's premier electronics and lifestyle retail distributor. ......Read More
Monday, May 5, 2025
UAE-based Hotpack Global to invest $100m in its first US manufacturing facility in New Jersey
Dubai, UAE – May 2, 2025 – New Jersey Governor Phil Murphy and Hotpack, the UAE-based leader in sustainable food packaging solutions, today announced a major step forward in Hotpack’s international expansion strategy with a $100 million investment to establish a new manufacturing and distribution facility in Edison, New ......Read More
Friday, May 2, 2025
United Foods Company reports strong FY2024 performance
Board of Directors proposes 100% cash dividend of paid-up capital, reflecting robust financial performance and dedication to consistent returns to shareholders Financial Highlights (Year ended 31 December 2024): Sales volumes increased 5.9%, highlighting strong market demand across core categories Gross revenue reached record of AED ......Read More
Monday, April 28, 2025
LG Announces first-quarter 2025 financial results
Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in ......Read More
Saturday, April 26, 2025
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Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk
Dubai, UAE, April 24 - Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a USD 500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of ......Read More
Friday, April 25, 2025
Gold (XAU/USD) charges to $3,500 as Fed independence comes under threat
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold continues its impressive rally as market confidence in the soundness of the US administration wavers. The latest headline shaking investor sentiment emerged over the Easter weekend, with reports suggesting that President Trump is exploring ways to remove Federal Reserve ......Read More
Tuesday, April 22, 2025
TAQA Acquires Leading UK Electricity Transmission Development and Services Company
Strategic acquisition of Transmission Investment will support TAQA Transmission’s international growth plans and expands its capabilities in offshore transmission services and transmission infrastructure development Transmission Investment is one of the largest players in the United Kingdom’s offshore electricity transmission market and a prominent player in the country’s interconnector sector Abu Dhabi, UAE – 17 April 2025: Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, announced today that it has ......Read More
Thursday, April 17, 2025
Gold (XAU/USD) drops sharply amid market panic, but fundamentals remain strong
By Daniela Sabin Hathorn, senior market analyst at Capital.com Global markets opened the week under pressure, with major equity indices tumbling once again as volatility swept through the Asian session. The latest wave of selling follows China's announcement of retaliatory tariffs on the U.S., intensifying the fallout from last week's ......Read More
Tuesday, April 8, 2025
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MultiBank Group Records Exceptional Financial Results with Revenue of $361.8 Million and EBITDA of $ ...
Revenue surpasses $361 million in 2024, marking an 18% year-on-year increase EBITDA surged by 24.5% to reach $284,909,572 in 2024. Net income exceeds $264 million, reflecting 16% growth Dubai, UAE – April 6th 2025: MultiBank Group, the world's largest financial derivatives institution headquartered in Dubai, has achieved a ......Read More
Sunday, April 6, 2025
Sukoon takaful returns to profitability with strong 2024 results
Sukoon Takaful PJSC ("Sukoon Takaful") today announced its financial results for the year ended December 31, 2024, reporting a significant turnaround and a return to profitability. Following a comprehensive restructuring and integration with its parent company, Sukoon Insurance, the company has demonstrated strong financial performance ......Read More
Monday, March 24, 2025
Hotpack Global Commissions 2.2 MW Rooftop Solar Project at National Industries Park Facility
The new installation has been dubbed one of the largest rooftop solar projects in National Industries Park, Dubai Dubai, UAE – March 19, 2025: Hotpack Global, the UAE-based leader in sustainable packaging solutions, has successfully completed the installation of a 2.2 MW rooftop solar power system at its cutting-edge manufacturing ......Read More
Wednesday, March 19, 2025
National Bank of Fujairah PJSC (NBF) posted its second consecutive year of record results; reporting ...
19 March 2025: NBF held its Annual General Assembly Meeting (AGAM) at the Novotel Hotel, Fujairah, United Arab Emirates, where shareholders approved the distribution of profits equivalent to 15% of share capital in the form of cash dividends (AED 387.1 million) of paid-up capital. The bank's shareholders also approved the ......Read More
Wednesday, March 19, 2025
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Commercial Bank of Dubai First Bank in the Middle East to Integrate Liink, Kinexys by J.P. Morgan fo ...
Commercial Bank of Dubai (CBD) has today announced it is the first bank in the Middle East to integrate the Kinexys Liink application Confirm from Kinexys by J.P. Morgan into its corporate banking portal and mobile app, reinforcing its position as a digital-first bank committed to driving real, impactful change in financial ......Read More
Monday, March 17, 2025
US relief rally struggles to gain traction despite softer CPI
By Daniela Sabin Hathorn, senior market analyst at Capital.com Consumer inflation has softened in February. That is the key takeaway from the latest data released on Wednesday. Both headline and core CPI came in lower than expected at 2.8% and 3.1% respectively. Additionally, both monthly readings also dropped from the previous month and came ......Read More
Friday, March 14, 2025
Hitachi Energy invests additional $250 million USD to address global transformer shortage
More than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demand The U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chain Builds on the $6 billion USD investment announced in 2024 ......Read More
Wednesday, March 12, 2025
EGA delivers strong financial results and low-carbon growth in 2024
Strong results and record alumina and hot metal production. Building global aluminium recycling business, and laying foundations for low carbon primary growth. Growing sales of CelestiAL solar aluminium. Record Emiratisation rate, and metal sales to UAE customers. Second consecutive year of AED 3.7 billion ($1 billion) dividend to ......Read More
Wednesday, March 12, 2025
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Nasdaq 100 and S&P 500 unable to contain the selling
By Daniela Sabin Hathorn, senior market analyst at Capital.com US equity futures started the week on a weaker note, continuing the recent trend of softness. The Nasdaq 100 extended heavy losses from Asian and European trading sessions, shedding nearly 500 points (2.5%) at the US open. Investor sentiment remains fragile as uncertainty ......Read More
Tuesday, March 11, 2025
Global dividends jumped to a record $1.75 trillion in 2024
Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basis Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar 17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and China Large ......Read More
Wednesday, March 5, 2025
Philip Morris Middle East Announces the Launch of New IQOS ILUMA i in UAE to Accelerate the Achievem ...
The launch follows the 10-Year Anniversary of IQOS Dubai, United Arab Emirates — March 3, 2025 — Philip Morris Middle East, an affiliate of Philip Morris International (PMI) (NYSE: PM) today announced the launch in the United Arab Emirates of IQOS ILUMA i, the latest and most innovative addition to PMI’s growing ......Read More
Monday, March 3, 2025