Orascom Development Holding has released its consolidated
Nov 14, 2024 · Altdorf – Orascom Development Holding (OD) has announced its consolidated financial results for the first nine months of 2024, demonstrating effective management leading to significant growth and resilience amidst ongoing geopolitical and economic challenges, with the Egyptian Pound (EGP) devaluation impacting financial results with a non-cash foreign exchange loss of CHF 40.5 million.
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Lulu Retail reports Q3 2024 results following ADX listing - ZAWYA
Nov 20, 2024 · Key Financial & Operational Highlights: Q3 2024 Revenue of $1.86 billion, up 6.1% YoY; 9M 2024 revenue growth of 5.7% YoY; Q3 2024 EBITDA increased 9.9% to $176.3 million; EBITDA margin improved to 9.5% from 9.2% in Q3 2023
Kuwait GDP to contract in 2024, rebound expected in 2025: IMF
Dec 10, 2024 · KUWAIT CITY: The Executive Board of the International Monetary Fund (IMF) has concluded the Article IV consultation with Kuwait. A press release issued by IMF outlined the main points highlighted during the consultation: The economy is in recession due to OPEC+ production cuts, but the nonoil sector is recovering, and inflation is moderating.
Lulu Chairman Yusuff Ali hints future Saudi listing; UAE IPO to fuel ...
Oct 22, 2024 · A day after UAE retail giant Lulu announced Abu Dhabi IPO plans, its chairman, Yusuff Ali MA, told Zawya that a possible listing on Tadawul, the Saudi exchange, could happen in the “long-term”.
Etihad Rail signs 10 deals, agreements during Global Rail 2024
Oct 10, 2024 · ABU DHABI - Etihad Rail, the developer and operator of the UAE’s national railway network, has concluded the first edition of Global Rail Transport Infrastructure Exhibition & Conference (Global Rail) 2024.
Infrastructure Projects News - ZAWYA
Latest news on global infrastructure projects. OIL AND GAS Saudi ADES Holding boosts global expansion plans via launching into West Africa
Saudi retenders Ras Mohaisen–Baha–Makkah water transmission
Ttransmission capacity increased to 515,000 m3/day. Saudi Arabia has retendered the Ras Mohaisen–Baha–Makkah Independent Water Transmission System (IWTS) project with state-owned Water Transmission Company (WTCO) taking over the procurement.
IHC announces strong nine-month YTD 2024 results - ZAWYA
Nov 6, 2024 · Syed Basar Shueb: “With strong momentum heading into the fourth quarter, we are positioned to capitalize on further opportunities while remaining focused on operational excellence and long-term value creation.I am confident that this trajectory will continue to reinforce IHC’s commitment to delivering enhanced shareholder value.” Revenue for nine-month YTD 2024 reached AED 64.0 billion ...
PIF, Google Cloud to set up global AI hub in Saudi Arabia - ZAWYA
Oct 30, 2024 · Saudi Arabia's sovereign wealth fund PIF has announced that it has sealed a strategic partnership with Google Cloud for the establishment of a global artificial intelligence (AI) hub near Dammam, in the kingdom's Eastern Region.