Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shipments of Nexperia chips from China have resumed, according to German car parts supplier Aumovio, after Beijing eased an export ban that had threatened car production across the world.“We are exporting [chips] already out of China again,” Philipp von Hirschheydt, chief executive of Aumovio, said on Friday at the company’s third-quarter results. The company had received an exemption from export controls, he added.Beijing last month blocked exports of finished Nexperia chips, 80 per cent of which are processed in China. It was…
Parkin Company, Dubai’s largest provider of paid public parking facilities and services, reported strong operational and financial results for the third quarter ended 30 September 2025, marking another period of sustained growth and expansion across its portfolio. Key Highlights (Q3 2025 vs. Q3 2024) • Total revenues: Dhs343.3m (up 43 per cent)• EBITDA: Dhs199.8m (up 36 per cent) with a 58 per cent margin• Net profit: Dhs157m (up 50 per cent)• Net addition: approximately 11,700 new parking spaces (up 6 per cent)• Parking transactions: 34.1 million (up 0.4 per cent)• Average public parking utilisation: 21.3 per cent (down 5.1 percentage…
Image: Amazon Amazon.ae has announced its six-day 11.11 sale event featuring millions of deals and faster delivery options, including 15-minute service on everyday essentials, as the e-commerce platform seeks to capitalise on one of the year’s biggest shopping periods in the Middle East. The 11.11 sale will run from November 7 to 12, with early deals already live on the platform, Amazon said. The event will span all product categories from electronics and fashion to groceries and home goods, with discounts reaching up to 60 per cent on select items. Amazon Now, the company’s rapid delivery service, has seen daily…
Image: Getty Images/ For illustrative purposes Etihad Airport Services (EAS), the Abu Dhabi-based aviation services company handling ground handling, cargo and logistics and security operations, has rebranded under a unified identity, Velora, the company announced on Thursday. The move brings together multiple operational divisions — ground handling, cargo & logistics, and security services — under the Velora brand, a strategic step geared towards increased integration, improved efficiency and stronger customer focus. Velora to unify services under one umbrella Jubran AlBreiki, CEO of Velora, said: “The launch of Velora marks a significant milestone as we build on four decades of excellence…
Image: IHC International Holding Company (IHC) reported a 32.3 per cent rise in revenue to Dhs84.6bn for the first nine months of 2025, driven by operational efficiency and a diversified investment portfolio, the Abu Dhabi-based conglomerate said on Wednesday. Net profit increased 8.3 per cent year-on-year to Dhs19.5bn, while profit before tax rose 15.7 per cent to Dhs21.7bn. Total assets climbed 15.0 per cent year-to-date to Dhs462.1bn, supported by organic growth and strategic acquisitions. In the third quarter alone, IHC recorded revenue of Dhs29.9bn, up 34.6 per cent year-on-year, and profit after tax of Dhs8.7bn, a 53 per cent increase.…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Image: Supplied In today’s environment of heightened market volatility and policy uncertainty, what role does asset allocation play in building resilience for investors? Amid the current landscape of increased market volatility and policy uncertainty, asset allocation plays a crucial role in building resilience for investors. It serves as a strategic framework for investing that balances exposure across various asset classes while aligning with an investor’s risk tolerance and return objectives. By, determining asset weightings and implementing rebalancing methodologies, asset allocation enhances portfolio robustness, enabling investors to better navigate the unpredictable shifts in global markets and policies we are likely to…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link