Dubai: The Dubai zones operator Tecom Group PJSC has booked a 24 per cent increase in net profit to Dh603 million from Dh485 million a year ago. This came off revenues of…
Tag: operator
Indian hotel operator OYO finds big value in renting apartments in UAE
Dubai: The Indian hospitality brand OYO is well on its way to with its second gameplan for the UAE market – to rent out apartments for longer stays. This would see it…
UAE hospital operator NMC Healthcare to explore possible IPO or sale of business
The announcement confirms that NMC is ready to get cracking with the next chapter of its future operations after going through a tumultuous phase starting late 2019. It saw the removal of…
Archer announces receiving FAA's Part 135 Air Carrier and Operator Certificate
In April, Archer signed a pact with the Abu Dhabi Investment Office for multi-million dollar investments to speed up planned commercial air taxi operations in the UAE. Archer Aviation has also recently…
ADNOC Logistics & Services to acquire tanker fleet operator Navig8
Under the terms of the agreement, ADNOC L&S will acquire 80 per cent of Navig8 for Dh3.8 billion, with the economic ownership transfer effective from January 1, 2024. It intends to acquire…
Dubai zones operator Tecom books Dh293m in Q1-2024 net profit
Dubai: The Dubai zones operator Tecom Group booked a 15 per cent increase in Q1-2024 net profit to Dh293 million from Dh255 million a year ago. This came off revenues of Dh564…
UAE supermarket operator Spinneys' IPO opens April 23, confirms expansion into Saudi Arabia
Dubai: The Dubai-headquartered Spinneys, the supermarket operator and one of the legacy names in the UAE’s retail sector, is offering up a 25 per cent stake via an IPO, which will open…
UAE fleet operator Easylease expands interests to rail sector with United Trans deal
Set up in 2008, United Trans has been involved in projects such as Dubai Metro, Dubai Tram, Dubai Airport People Mover and Doha Metro. Clients include Dubai’s Road & Transport Authority, Ajman Trasport Authority,…
Abu Dhabi hotel operator Rotana to launch 8 new properties in Saudi Arabia
Eddy Tannous, Rotana’s Chief Operating Officer, said, “With ambitious developments and plans at hand, Rotana’s continuous engagement showcases our commitment to shaping the future of tourism in the vibrant Saudi Arabia market.”…