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Press Dossier   By Date  02/08/2025
Saudis to get more leadership roles as PepsiCo expands: CEO
Saudi Arabia: Food manufacturer PepsiCo will offer more leadership roles to Saudis, its regional CEO pledged at the inauguration of the SR300 million ($79.97 million) expansion of its Dammam facility.
Startup Wrap: Saudi firms surge as AI, food tech deals highlight ecosystem’s rapid ascent
Saudi Arabia: Saudi Arabia’s startup ecosystem continues to gain momentum, with a surge of early- and growth-stage investments across technology-driven sectors including AI, food tech, logistics, and sports.
CBUAE imposes financial sanction of Dhs10.7 million on exchange house
United Arab Emirates: The Central Bank of the UAE (CBUAE) imposed a financial sanction of Dhs10,700,000 on an exchange house, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations, and its amendments.
Ras Al Khaimah Tourism sector hits record 654,000 visitors in first half
United Arab Emirates: Ras Al Khaimah Tourism Development Authority (RAKTDA) has reported record-breaking performance for the first half of 2025, with over 654,000 visitor arrivals, marking a 6 per cent year-on-year increase, alongside a 9 per cent rise in tourism revenues.
Dubai Duty Free July 2025 sales surpass Dhs638 million
United Arab Emirates: Dubai Duty Free (DDF) delivered a standout performance for the month of July, posting sales of Dhs638.8 million ($175 million) for the month and year-to-date sales of Dhs4.734 billion ($1.30 billion), which is 5.86 per cent up on the same period last year.
DFM announces 298% rise in net profit before tax for H1 2025 to Dhs777.1 million
United Arab Emirates: Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of Dhs777.1 million, up 298 per cent compared to the same period in 2024, underscoring strong investor confidence and the continued expansion of Dubai’s capital markets.
TECOM Group reports robust 22% growth in H1 2025 net profit to AED 737 million
United Arab Emirates: TECOM Group PJSC (DFM: TECOM), (the “Company” or the “Group”), the leading developer and operator of specialised business districts across Dubai, announced its financial results for the second quarter (Q2) and first half (H1) of the year.
DFM announces 298% rise in net profit before tax for H1 2025 to AED777.1 million
United Arab Emirates: Dubai Financial Market (DFM) announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of AED777.1 million.
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