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DP World unveils Dubai Food District revamp
DP World has announced the Dubai Food District, a major expansion and rebranding of the Al Aweer Central Fruit and Vegetable Market, signalling an ambitious push to strengthen Dubai’s role in global food trade and logistics. The project, outlined in a company statement issued on Thursday, is positioned as a
Region
Air Arabia profit falls on airspace squeeze
Air Arabia’s first-quarter profit fell 22 per cent as regional conflict disrupted flying, closed airspace and forced temporary operational limits, even as the Sharjah-based low-cost carrier kept revenue broadly stable and filled a higher share of available seats. The carrier reported
Swiss Skincare Firm Galderma Hits SFr 2.6bn Stake Sale
Shareholders of the Zurich-listed skincare company Galderma Group AG have secured approximately SFr 2.6 billion through a sale of an 8.4 per cent stake via accelerated book-building, making it the largest secondary share placement since the firm’s IPO. The
Al-Futtaim Takes Nearly Half of Cenomi in SAR2.52bn Deal
Al-Futtaim has finalised the acquisition of a 49.95% stake in Cenomi Retail for SAR 2.52 billion, after agreement to purchase shares at SAR 44 per share from major founding shareholders. This marks a significant foreign investment in Saudi Arabia’s retail
