BusinessLatest Business and Company Updates
Drake & Scull Reports AED 3.76 Billion Profit Amid Restructuring Efforts
Drake & Scull International PJSC , the Dubai-based construction and engineering firm, has announced a net profit of AED 3.76 billion for the fiscal year ending December 31, 2024, marking a significant turnaround from the AED 366.87 million loss reported in the previous year. The company's revenue increased to AED
Christopher Aleo Strengthens His Gulf Presence with a New Tourism Investment in Oman
[caption id="attachment_118938" align="alignnone" width="1000"] New York-based iSwiss Hedge Fund announces a major hospitality and real estate development in Salalah. The project highlights growing international investor confidence in Oman and its long-term potential within the luxury tourism sector.[/caption] DUBAI – The Gulf
IHC lifts Invictus stake to 40 per cent
Abu Dhabi-based International Holding Company has increased its ownership in Invictus Investment Company to about 40 per cent after acquiring an additional 17.5 per cent stake in a transaction valued at roughly Dhs420m, signalling a deeper strategic alignment between one
Bitcoin Holders Exhibit Strategic Patience Amid 2024 Price Rallies
Bitcoin's market dynamics have shown a notable shift in 2024, characterized by increased activity among long-term holders and a surge in Bitcoin's supply. This development signals strategic patience among investors as the cryptocurrency experiences significant price rallies throughout the year. Data