KUWAIT

EQS-News: EVN AG: Business development in the first quarter of 2023/24

Retrieved on: 
Wednesday, March 13, 2024

The international project business also reported a decrease in revenue due to the largely completed wastewater treatment plant in Kuwait.

Key Points: 
  • The international project business also reported a decrease in revenue due to the largely completed wastewater treatment plant in Kuwait.
  • The cost of materials and services fell by 29.9% to EUR 127.7m consistent with the development of revenue in the international project business.
  • In addition to the earnings improvement at EVN KG, higher contributions were also received from Burgenland Energie and Verbund Innkraftwerke.
  • Based on these developments, EBITDA recorded by the EVN Group rose by 1.4% year-on-year to EUR 285.7m in the first quarter of 2023/24.

Cloudflare Doubles Down on Middle East; Expands Presence and Team to Support Growing Customer Demand

Retrieved on: 
Friday, March 8, 2024

The investment includes a new office in Dubai Internet City and growing team focused on partner enablement, innovation, and customer success.

Key Points: 
  • The investment includes a new office in Dubai Internet City and growing team focused on partner enablement, innovation, and customer success.
  • Cloudflare announced its first office in the Middle East nearly two years ago.
  • Cloudflare’s Dubai-based team, led by Bashar Bashaireh, Head of Middle East Sales, continues to grow in the region, signaling the company’s ongoing commitment to its customers and partners.
  • To learn more about Cloudflare Middle East, please check out the resources below:

Global Blue Releases the Monthly Tax Free Shopping Business Update for February 2024

Retrieved on: 
Thursday, March 7, 2024

New data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific.

Key Points: 
  • New data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific.
  • In terms of origin markets, GCC shoppers benefited from the seasonal shift of the pre-Ramadan shopping acceleration, reaching 404%1 recovery in February vs. 273%1 in January.
  • When analyzing the year-on-year variation in Tax Free Shopping growth, issued Sales in Store in Continental Europe grew by +32%2 in February 2024 vs. last year.
  • Influenced by the pre-Ramadan period, GCC shoppers continued to show strong growth at +43%2, while US shoppers’ Tax Free Spend reached +12%2.

Club Pilates Hits Historic Milestone with Opening of 1,000th Studio in Portland, Oregon

Retrieved on: 
Wednesday, March 6, 2024

Club Pilates , the largest premium boutique Pilates brand, announced today a historic milestone of its 1,000th location opening in Portland, Oregon.

Key Points: 
  • Club Pilates , the largest premium boutique Pilates brand, announced today a historic milestone of its 1,000th location opening in Portland, Oregon.
  • The experience offered at Club Pilates continues to resonate with the brand’s growing member base and studios across 12 countries.
  • View the full release here: https://www.businesswire.com/news/home/20240306591668/en/
    Club Pilates announced the opening of its milestone 1000th studio in Portland, Oregon.
  • For more information about Club Pilates and the Club Pilates Millennia Party, visit www.clubpilates.com .

GCC Elevator and Escalator Market Analysis and Growth Forecasts Report, 2023 and 2024-2029: Increased Infrastructure, Industrial, and Transport Sector Investments to Surge in New Installations - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 21, 2024

The "GCC Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "GCC Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • Otis, Schindler, TK Elevator, and KONE are the top 4 manufacturers in the GCC elevator and escalator market, with a share of 61%.
  • Saudi Arabia has recently launched four new special economic zones (SEZs) to promote growth in key sectors such as advanced manufacturing, cloud computing, and medical technology.
  • Aligned with the Saudi Vision 2030, these SEZs are expected to boost construction projects and infrastructure development, further supporting the growth of the GCC elevator and escalator market.

Africa & Middle East Buy Now Pay Later Business Report 2024: 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics 2020-2029 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 19, 2024

The "Africa & Middle East Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Africa & Middle East Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
  • The buy now pay later market is poised to grow at an accelerated pace in the Middle East and Africa markets over the medium term.
  • In the Middle East, for instance, consumers are using the payment solution for luxury as well as essentials-related purchases.
  • In Africa, too, the demand for credit is driving the adoption of buy now pay later schemes.

UNIFRUTTI GROUP ACQUIRES BOMAREA AND AVOAMERICA PERU TO FURTHER STRENGTHEN ITS GLOBAL MULTI-FRUIT PLATFORM

Retrieved on: 
Saturday, March 9, 2024

The two acquisitions strengthen Unifrutti's presence in Peru and enrich its multi-fruit portfolio with premium blueberries and avocados.

Key Points: 
  • The two acquisitions strengthen Unifrutti's presence in Peru and enrich its multi-fruit portfolio with premium blueberries and avocados.
  • With a combined area of close to 2,000 hectares, Bomarea and AvoAmerica Peru are recognized as leading Peruvian producers of premium blueberries varieties and avocados, respectively.
  • Bomarea and AvoAmerica Peru will also continue to benefit from enduring relationships and established commercial partnerships, including ongoing collaborations with Alpine Fresh and Westfalia Fruit.
  • Mohamed Elsarky, Unifrutti Group CEO, emphasized the strategic importance of this acquisition: "The incorporation of Bomarea and AvoAmerica Peru into Unifrutti not only broadens our product range but also enhances our customer service excellence.

Savory & Partners: Investment Migration Programs Grabbing Investors' Attention

Retrieved on: 
Saturday, March 9, 2024

DUBAI, UAE, March 9, 2024 /PRNewswire/ -- As global mobility and contingency planning become more crucial for investors, the demand for investment migration programs has surged in popularity. According to reports from leading residency and citizenship by investment firm, Savory & Partners, application volumes have been growing exponentially for the past decade.

Key Points: 
  • "Every year, we witness shifts in investment migration trends driven by factors such as price changes, regulatory updates, geopolitical events, and economic conditions," says Jeremy Savory, CEO and founder, Savory & Partners.
  • "In 2024, we anticipate significant developments in the landscape of investment migration programs."
  • "Turkey's Citizenship by Investment program has captured attention since its inception in 2017, attracting over 19,000 individuals in less than five years.
  • The first is that the minimum investment amount no longer aligns with Istanbul's housing market (the most popular real estate investment destination in Turkey).

Savory & Partners: Investment Migration Programs Grabbing Investors' Attention

Retrieved on: 
Saturday, March 9, 2024

DUBAI, UAE, March 9, 2024 /PRNewswire/ -- As global mobility and contingency planning become more crucial for investors, the demand for investment migration programs has surged in popularity. According to reports from leading residency and citizenship by investment firm, Savory & Partners, application volumes have been growing exponentially for the past decade.

Key Points: 
  • "Every year, we witness shifts in investment migration trends driven by factors such as price changes, regulatory updates, geopolitical events, and economic conditions," says Jeremy Savory, CEO and founder, Savory & Partners.
  • "In 2024, we anticipate significant developments in the landscape of investment migration programs."
  • "Turkey's Citizenship by Investment program has captured attention since its inception in 2017, attracting over 19,000 individuals in less than five years.
  • The first is that the minimum investment amount no longer aligns with Istanbul's housing market (the most popular real estate investment destination in Turkey).

SquaredFinancial announces its Special Promotion during Ramadan

Retrieved on: 
Saturday, March 9, 2024

DUBAI, UAE, March 9, 2024 /PRNewswire/ -- Industry-leading fintech firm, SquaredFinancial, launches its Ramadan Special Promotion, empowering investors to unlock their potential during the auspicious season.

Key Points: 
  • DUBAI, UAE, March 9, 2024 /PRNewswire/ -- Industry-leading fintech firm, SquaredFinancial, launches its Ramadan Special Promotion, empowering investors to unlock their potential during the auspicious season.
  • Committed to catering to the financial needs of investors from different backgrounds and offering them sophisticated products and services, SquaredFinancial introduces this special promotion set to elevate their financial experience.
  • As such, SquaredFinancial has been recently awarded Best Trading Mobile App 2023 for its acclaimed mobile application, further boosting its record of recognition.
  • Participants eager to benefit from this promotion are invited to visit SquaredFinancial website to read the terms and conditions, explore further details and register their interest.