Parkin delivers its maiden results, following the successful IPO, with Q1 2024 EBITDA growth of 33%

Parkin delivers its maiden results, following the successful IPO, with Q1 2024 EBITDA growth of 33% Parkin Company PJSC (“Parkin” or the “Company”), the largest provider of paid public parking facilities and services in Dubai, today reports its financial results for the first quarter ended 31 March 2024 (“Q1” or “first quarter”). Key Takeaways• Total…

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Saudi Arabia to reveal roadmap to turn aviation sector into $2bn industry

RIYADH: An ambitious roadmap setting out how Saudi Arabia will grow its aviation sector tenfold into a $2 billion industry will be unveiled at a special event in May. The plans cover the business jet segment, including charter, private, and corporate aircrafts, and will support Saudi Arabia’s development as a global high-value enterprise and tourist…

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Shareholder agreement to construct UAE-Oman railway network enhances bilateral relations

H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, and Chairman of Etihad Rail, said the agreements signed during the recent state visit of His Majesty Sultan Haitham bin Tarik to the UAE were in line with the wise directives of the leadership…

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Kuwait’s emir dissolves parliament, suspends certain constitution articles

Kuwait’s Amir, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, announced today that the National Assembly has been dissolved and certain constitutional provisions have been suspended for a period of no more than four years. He emphasized that the choice of the Prime Minister is a constitutional right of the head of state and cannot be interfered with….

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Empowering Change: Expo Live Awards Grants, Guidance, and Support to 16 Entrepreneurs Worldwide

An organisation helping Palestinian tech talent secure remote jobs, a sustainable fish leather producer in Morocco, a provider of solar-powered medical kiosks in Chad and a Peruvian company narrowing the education gap through WhatsApp learning are just four of 16 new innovative solutions from around the world that have joined the Expo Live Innovation Programme….

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