ROME: World coffee prices reached a multi-year high in 2024 – increasing 38.8% on the previous year’s average – mostly driven by inclement weather affecting key producing countries, the Food and Agriculture Organisation of the United Nations (FAO) said today. According to an FAO note on global coffee market trends, in December 2024, Arabica, the […]
Belkin, a renowned consumer electronics brand with over 40 years of innovation, has recently launched a range of cutting-edge products in its Mobile Power, Audio, and Connectivity portfolios. The Brew News had the privilege of speaking with Steve Malony, CEO of Belkin International, to delve into the company’s innovation strategies, sustainability initiatives, and ambitious business […]
Dubai: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), announced a net profit before tax attributable to shareholders of AED 1.3 billion for the fiscal year ending December 31, 2024, compared to AED 1.07 billion during the same period last year, marking a 21% increase. The Group’s total […]
ABU DHABI: The Federal Tax Authority (FTA) has called on registrants who have yet to update their tax records to take advantage of an extended ‘grace period’ to submit their tax records, stating that submissions received before the end of March 2025 will not incur any administrative penalties. In a reminder issued on Thursday, the […]
Dubai: The UAE is renowned as a global shopping hotspot and the festive season during the holy month of Ramadan represents the peak of shopping activities. Festive shopping has become a major economic driver, with retail sales experiencing a sharp spike during festive sales as brands leverage special offers and promotions across retail avenues to […]
Dubai: In a landmark collaboration that will redefine the landscape of ultra-luxury living in the UAE, BNW Developments has joined forces with Taj, the iconic brand synonymous with unparalleled Indian hospitality, under the aegis of The Indian Hotels Company Limited (IHCL). This partnership, marked by a formal signing ceremony on March 10th at the prestigious […]
Dubai: Dubai Airports, the operator of the world’s leading international airport, has been recognised with the 2025 Gallup Exceptional Workplace Award (GEWA) for its approach to employee engagement. The award highlights organisations that foster some of the most engaged workplace cultures globally. In a fast-changing work environment, Dubai Airports has continued to find new ways […]
Hitachi Energy invests $250M to expand transformer production, addressing global shortages and rising electrification demand. Dubai: Hitachi Energy has announced an additional $250 million USD investment by 2027 to expand transformer production, addressing the global transformer shortage. This follows the company’s recent $6 billion USD investment across its portfolio, underscoring the urgency of increasing manufacturing […]
DUBAI: TECOM Group shareholders have approved the financial statements for the year that ended 31st December 2024 as well as the recommendation by the Board of Directors to distribute a cash dividend of AED400 million (8 fils per share) for the second half of 2024, bringing total cash dividends to AED800 million (16 fils per […]
Dubai: Fotopia, a pioneer in enterprise document management solutions, proudly introduces a new addition to its suite of tools, FotoVerifai It is an AI-powered solution specifically designed to automate and optimise the entire process of customer transaction verification. The launch of Fotoveriftai is a testament to the company’s commitment to providing solutions to businesses and […]
New Dubai-based joint venture between DWTC and Informa, set to yield exponential growth opportunities for their combined portfolio of market-leading Business Events Dubai: Dubai World Trade Centre and Informa Group, today announced a strategic venture to create a truly global powerhouse in Exhibitions and Event Management, operating out of the Middle East – South Asia […]
