BusinessLatest Business and Company Updates
DEWA reports record financial results for H1 2025
Dubai Electricity and Water Authority has unveiled its strongest-ever financial performance for the first half of 2025, with significant growth across all key metrics. The company achieved an impressive revenue of AED14.6 billion, an EBITDA of AED7.0 billion, and a net profit of AED2.9 billion, marking notable year-on-year increases. DEWA’s
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Megha Engineering Secures $225.5 Million Gas Project in Kuwait
Hyderabad-based Megha Engineering & Infrastructures Ltd has clinched a $225.5 million contract from Kuwait Oil Company to build, operate and maintain a gas sweetening and sulphur recovery facility in Kuwait’s oilfields. The deal spans engineering, procurement and construction,
HyperMax Ushers in New Grocery Era with Six Stores in Bahrain
Majid Al Futtaim has opened six HyperMax outlets in Bahrain, coupled with an online store offering, as it pushes its grocery retail ambitions further into the Gulf market. The launch delivers a brand positioned on local produce, value pricing and convenience,
Electric Way expands Dubai logistics base
Electric Way has broken ground on a 125,000 sq ft expansion of its distribution centre at National Industries Park in Dubai, a move aimed at more than doubling its operating capacity as demand rises from construction, utilities, manufacturing and data
