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Dubai Aerospace Enterprise Reports Modest Profit Increase Amid Delivery Delays-thumnail

Dubai Aerospace Enterprise Reports Modest Profit Increase Amid Delivery Delays

Financial Performance Dubai Aerospace Enterprise, one of the largest lessors of aircraft in the world, announced a minor increase in its net profit for the first half of 2024. The

Business

Jul 31, 2024

Freshworks in Q2 Loss Drops 14%; Expects $713 Million Revenue in CY24-thumnail

Freshworks in Q2 Loss Drops 14%; Expects $713 Million Revenue in CY24

Freshworks, the world’s leading SaaS company, announced resounding performance for the second quarter of calendar year 2024, with losses being trimmed by 13.7%, which is a very important achievement in

Business

Jul 31, 2024

Samana Developers Launches Samana Avenue: Affordable Luxury in Dubailand-thumnail

Samana Developers Launches Samana Avenue: Affordable Luxury in Dubailand

Samana Developers, a leading real estate developer in Dubai, has announced its new project, ‘Samana Avenue’, sited near the Dubailand Residence Complex, DLRC, in the locality of Dubailand. This development

Business

Jul 31, 2024

From Trifecta And InnoVen BharatPe Receives $10 Mn Debt -thumnail

From Trifecta And InnoVen BharatPe Receives $10 Mn Debt 

In one of the largest fundraising exercises, leading fintech firm BharatPe raised Rs 85 crore, almost $10 million, in debt funding through non-convertible debentures. This is the second debt infusion

Business

Jul 31, 2024

Indian Spacetech Startups Raised Record Finding Amid Government Push-thumnail

Indian Spacetech Startups Raised Record Finding Amid Government Push

There has never been funding to the tune of this before in the Indian spacetech sector, that, too, with heavy government support and serious innovations. According to research report by

Business

Jul 30, 2024

Dubai Real Estate: Property Broker Announces Breaking AED105mn Tilal Al Ghaf Villa Sale-thumnail

Dubai Real Estate: Property Broker Announces Breaking AED105mn Tilal Al Ghaf Villa Sale

In what has been called an announcement of the thriving luxury property sector in Dubai, the Private Office of Allsopp & Allsopp has just managed to attain another milestone sale

News

Jul 30, 2024

Al Ansari Financial Services to Acquire BFC Group Holdings: Strengthening Presence in the GCC Remittance Market-thumnail

Al Ansari Financial Services to Acquire BFC Group Holdings: Strengthening Presence in the GCC Remittance Market

Overview of the Acquisition Al Ansari Financial Services, a major listed company on the Dubai Financial Market, yesterday acquired Bahrain’s BFC Group Holdings WLL for $200 million. The acquisition would

Business

Jul 30, 2024

In Q1 FY25 Ideaforge’s Profits Dwindle 89% -thumnail

In Q1 FY25 Ideaforge’s Profits Dwindle 89% 

Quadcopter manufacturing company Ideaforge on Thursday reported a massive drop in its profit for Q1 of the fiscal year 2025. As per the quarterly results published on the National Stock

Business

Jul 30, 2024

Dubai Financial Market Announces 74 Percent Rise in Pre-tax Net Profit to $53.19 Million in H1 2024-thumnail

Dubai Financial Market Announces 74 Percent Rise in Pre-tax Net Profit to $53.19 Million in H1 2024

Overview of Financial Performance The Dubai Financial Market (DFM) released its consolidated financial results for H1 2024, showing a strong growth in comparison to the same period in 2023. Net

Business

Jul 30, 2024

$120 Million Recently Raised by Rapido Makes It to Turn into a Unicorn-thumnail

$120 Million Recently Raised by Rapido Makes It to Turn into a Unicorn

Rapido, turning into an Indian bike-taxi aggregator and auto-rickshaw, has attained unicorn status on the back of a fresh funding round. The firm has been able to raise $120 million

Business

Jul 30, 2024

At $900 Mn Valuation M2P Fintech to raise $80 Mn -thumnail

At $900 Mn Valuation M2P Fintech to raise $80 Mn 

M2P Fintech, an API infrastructure platform formerly known as Yap, is on the verge of closing a large funding round. Sources in the know have told that the Bengaluru-based company

Business

Jul 29, 2024

Drake & Scull International Returns to Profitability After Restructuring-thumnail

Drake & Scull International Returns to Profitability After Restructuring

PC: The National Overview of Drake & Scull International’s Financial Turnaround The Dubai-based contractor Drake & Scull International was successful in achieving one of the main milestones by returning to

Business

Jul 29, 2024


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