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Salik Announces $149 Million Net Profit for First Half of 2024 with Significant Revenue and Profit Growth-thumnail

Salik Announces $149 Million Net Profit for First Half of 2024 with Significant Revenue and Profit Growth

Salik, Dubai’s largest toll operator, has released its financial results today for the first half of 2024, which is nothing short of stunning. The company has seen a net profit

Business

Aug 14, 2024

PhonePe, Google Pay Top List of UPI Transactions in July; Navi Sees Massive Growth-thumnail

PhonePe, Google Pay Top List of UPI Transactions in July; Navi Sees Massive Growth

It was this July that the Unified Payments Interface showed a significant spurt in transaction volume by 3.95 percent month-on-month to 14.44 billion from 13.89 billion in June. This surge

Business

Aug 14, 2024

Fresh Bus Raises $10.5M in Series A Funding toward Expanding Its Electric Bus Fleet-thumnail

Fresh Bus Raises $10.5M in Series A Funding toward Expanding Its Electric Bus Fleet

All-electric intercity bus startup FreshBus closed $10.5 million (about Rs 87.5 crore) in Series A funding round. The founding secured the support of Maniv, an international early-stage venture capital fund

Business

Aug 13, 2024

Yalla Group’s First Half Revenue Increases by 4.7% to AED 587.3 Million-thumnail

Yalla Group’s First Half Revenue Increases by 4.7% to AED 587.3 Million

Dubai-Based Firm Achieves 4.7% Revenue Growth YoY Yalla Group Limited, a frontrunner in online social networking and gaming based in Dubai, released its financial results for the second quarter of

Business

Aug 13, 2024

FASHOR Secures $5 Million Funding from Blume Ventures for Strategic Expansion-thumnail

FASHOR Secures $5 Million Funding from Blume Ventures for Strategic Expansion

In a significant development for the fashion industry, FASHOR, a burgeoning fashion brand, has successfully raised $5 million in funding from Blume Ventures. This financial boost is set to propel

Business

Aug 13, 2024

ENBD REIT Divests Dubai Towers in Strategic Turnaround-thumnail

ENBD REIT Divests Dubai Towers in Strategic Turnaround

Overview of the Sale ENBD REIT announced that it had successfully closed the sale of two residential towers, Al Ramth 57 and 59, at the Remraam area in Dubai. The

Business

Aug 13, 2024

Beco Secures $10 Million Funding to Expand Eco-Friendly Product Reach-thumnail

Beco Secures $10 Million Funding to Expand Eco-Friendly Product Reach

Beco, a Mumbai-based home and personal care brand, has successfully raised $10 million in a funding round led by Tanglin Venture Partners. This round also saw participation from Titan Winners

Business

Aug 13, 2024

Yatra Q1 FY25 Profit Falls 27%; Revenue Continues to Slide-thumnail

Yatra Q1 FY25 Profit Falls 27%; Revenue Continues to Slide

Gurugram-headquartered online travel aggregator Yatra has reported a steep fall in its financial performance for the first quarter of the fiscal year 2025. The company’s profit tanked 27.5 per cent,

Business

Aug 13, 2024

Start-up Investments in MENA Surge by 260% to $355mln-thumnail

Start-up Investments in MENA Surge by 260% to $355mln

What turned out to be a dramatic turn of events for the start-up ecosystem across the Middle East and North Africa, funding increased drastically in July 2024 and more than

Business

Aug 13, 2024

Dubai Business Forum Enhances UAE-China Economic Relation-thumnail

Dubai Business Forum Enhances UAE-China Economic Relation

According to the president and chief executive officer, Mohammad Ali Rashed Lootah, Dubai Chambers said it would be pushing an ambitious strategy that places strong ties in technology and emerging

Business

Aug 12, 2024

MapMyIndia Posts Rs 35.8 Cr Gains in Q1 FY25-thumnail

MapMyIndia Posts Rs 35.8 Cr Gains in Q1 FY25

CE Info Systems, the parent firm of MapMyIndia, released its financial performance for Q1 FY25, painting a mixed picture of the financial health of the company. There is a slight

Business

Aug 12, 2024

DMCC Contributes 15% to Dubai’s Foreign Direct Investment-thumnail

DMCC Contributes 15% to Dubai’s Foreign Direct Investment

The Dubai Multi Commodities Centre, the world’s leading free zone and Dubai’s Government authority on commodities trade, published its key performance results for the first half of 2024. The report

Business

Aug 12, 2024


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