BusinessLatest Business and Company Updates
Mashreq Bank Posts Strong 2024 Performance with 24% Revenue Growth
Mashreq Bank announced a significant financial performance in 2024, with its net profit reaching AED 9 billion, reflecting a 4 percent increase compared to the previous year. The bank's net profit before tax stood at AED 9.9 billion, marking a 12 percent rise. This robust growth highlights Mashreq’s continued strength
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Cardano Unveils Chang Hard Fork, Advancing On-Chain Governance
Cardano's latest upgrade, the Chang hard fork, has gone live, marking a significant shift toward on-chain governance within its ecosystem. This highly anticipated development represents a major milestone in Cardano's evolution, aimed at enhancing decentralization and stakeholder engagement in decision-making
Luxury Superyacht Amadea Heads to U.S. Auction Amid Legal Quagmire
The Amadea, a striking 106‑metre superyacht once valued at around $325 million, is slated for a sealed‑bid auction in the United States on 10 September 2025, yet mounting litigation and financial burdens cloud its prospects.Built by renowned German shipyard Lürssen and
Autoworld Drives Bajaj Expansion with AED 45 Million Jafza Hub
Autoworld International FZCO is investing AED 45 million to construct a 162,000 sq ft logistics and assembly hub in Dubai’s Jebel Ali Free Zone, aiming to strengthen its distribution of Bajaj two‑ and three‑wheelers across the Middle East and Africa. Slated for completion by 2026,
