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Danube Group recorded over Dh2 billion in sales revenue in December 2013, following a successful performance in past couple of years.
The company reported a 17 per cent growth in the last six months and will record a 15 to 20 per cent increase in 2014, thereby consolidating a profit of Dh2.5 billion in the current year. Danube attributes the increase in revenue and profitability to higher product sales and increased number of transactions across mega projects in the UAE and Middle East. The company also emphasised on optimisation of resource use and maximising productivity apart from contributing to economic growth by creating new jobs. In addition to securing significant growth, the company has also undertaken major expansion initiatives, which has expanded its market reach further across the region. Danube’s founder and chairman Rizwan Sajan, said: “2014 is an important year for us. We will grow our retail base with the opening of 10 new showrooms across the region.”
According to estimates from Thomson Reuters, Middle Eastern investment banking fees totalled an estimated $669.2 million during the first nine months of 2017, four per cent less than the value of fee
The King Abdullah Petroleum Studies and Research Center (KAPSARC) addressed the Climate Change Polices and Challenges of the Electricity Transition in the GCC, during the meeting of Association of En
Arab Petroleum Investments Corporation (APICORP) has mandated banks to arrange a series of fixed income investor meetings ahead of a potential five-year benchmark U.S. dollar-denominated sukuk sale,
Qatar has been forced to repatriate significant sums from its sovereign wealth fund to shore up its struggling economy, which continues to experience the impact of an economic and political boycott b
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has set up a real estate refinancing company aimed at boosting home ownership in the kingdom, which suffers from a shortage of