MEFMA CONFEX & Awards 2025 returns to Dubai this October backed by booming industry growth - Middle East Business News and Information
Now in its 12th edition, MEFMA CONFEX has become the Middle East's most influential and comprehensive event dedicated to the FM industry, bringing together visionary leaders, decision-makers, innovators, and experts from the region under one roof.
With the GCC's Facility Management (FM) market projected to grow from USD 54.6 billion in 2023 to USD 72 billion by 2028, the sector is witnessing record momentum. This rapid growth is fueled by national development agendas, large-scale infrastructure projects, smart city initiatives, and a rising demand for sustainable and tech-driven asset management solutions.
Over three days, attendees will engage in meaningful dialogue, explore cutting-edge technologies, and celebrate pioneering achievements at the 4th MEFMA Awards of Excellence—recognizing the highest standards of performance and innovation that are driving the industry forward regionally and globally.
On this occasion, Eng. Jamal Lootah, President of MEFMA, said: 'MEFMA CONFEX 2025 will be a landmark gathering for the FM community, uniting industry leaders to drive transformation, forge strategic partnerships, and unlock the next wave of innovation shaping the region's-built environment. As the FM sector takes on an increasingly pivotal role in enabling smart, sustainable, and resilient cities, this event serves as both a celebration of how far we've come and a forward-looking platform to define what's next for the industry.'
As the FM sector gains recognition for its vital role in delivering smart, livable, and efficient cities, MEFMA CONFEX continues to drive regional knowledge exchange, policy advocacy, and cross-sector collaboration.
Don't miss your chance to be part of the region's most anticipated FM event. details on the speaker lineup and agenda will be announced soon.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Tahya Masr
15 hours ago
- Tahya Masr
Yalla Group announces strong financial results in Q2, 2025, with steady growth in revenues
Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its financial results for the second quarter (Q2) of the fiscal year 2025, ending on June 30 . In the second quarter, Yalla Group reported revenues of AED 310.7 million (US$84.6 million), up 4.1% year-on-year. Net income rose sharply to AED 134.1 million (US$36.5 million), a 16.4% increase from AED 115.3 million (US$31.4 million) in the same period of 2024. For the first half of the year, the company posted revenues of AED 618.8 million and net income of AED 267.7 million. Additionally, Yalla Group's net margin rose to 43.2% in the second quarter of 2025, underscoring the company's ongoing improvements in operating efficiency. Average Monthly Active Users (MAUs) also increased by 8.8% year-on-year, reaching 42.4 million in Q2 2025 compared to 39.0 million in the same period of 2024. Remarkable financial results Mr. Yang Tao, Founder, Chairman and Chief Executive Officer of Yalla, lauded the remarkable financial results achieved by Yalla in the second quarter saying said: 'We delivered another strong set of results in the second quarter of 2025. Our total revenues grew to 84.6 million USD, once again beating the high end of our guidance. We also made significant strides in improving our operational efficiency by optimizing user acquisition strategies and refining our internal processes, which contributed to a year-over-year improvement in our net margin to 43.2% . This impressive performance demonstrates our ability to increase user engagement across our ecosystem and achieve high-quality, efficient growth by anticipating and meeting MENA's evolving social networking and entertainment needs.' 'Throughout Yalla's history, the Company has been committed to the long-term development of MENA's local internet industry. We were one of the first to explore online entertainment in the region, and over the past 10 years, our team has grown from 6 people to over 800 employees, serving over 40 million MAUs across the MENA region,' Tao added . He stated: 'Our product strategy prioritizes creating products with the potential to reach a massive user base, while also demonstrating a long lifecycle. We strive to develop sustainable business models for long-term growth, and we are confident that our commitment and patience will pay off as it has over the last decade. 'We will continue to refine our gaming business strategy and plan to ramp up external partnerships and our game distribution capabilities going forward to more effectively diversify our product portfolios. This will allow us to explore a broader range of game genres and offer users more diverse options, while gaining deeper insight into market dynamics and a more precise understanding of user appetites in the MENA region,' Tao noted. Sustainable growth Commending Q2 financial results, Saifi Ismail, President of Yalla Group, said: 'Our strong financial performance reflects the resilience of our business model and the strength of our user community. Such results demonstrate our ability to drive sustainable growth while continuing to deliver exceptional value to our users across the MENA region.' 'We complemented this financial success with impactful campaigns and strategic partnerships that deepened engagement. Highlights included our co-branded Yalla Ludo campaign with the Dubai Department of Economy and Tourism, which brought Dubai's cultural landmarks into gameplay, and our 9th anniversary celebrations, which set a record for gold coin consumption. These initiatives not only energized our community but also strengthened our brand's market leadership,' Ismail added . 'Looking ahead, we are committed to innovation, strategic expansion, and social impact and we will continue to enhance our product portfolio, deepen partnerships, and create meaningful experiences for our growing user base,' He stated.


Mid East Info
2 days ago
- Mid East Info
COT Report: Speculators slash commodity longs to 11-month low, gold remains dominant
Ole Hansen, Head of Commodity Strategy, Saxo Bank Commodities In the week to August 5, several major developments drove positioning changes across key commodities. Trump's abrupt reversal on copper tariffs triggered a 22% slump in New York prices, prompting funds to halve their HG copper net long. In energy, OPEC+'s continued production increases—potentially into a softening demand period—pressured crude oil, while fading tightness in the diesel market led to long liquidation in London and New York from recent three-year highs. Grains remained under pressure as favourable U.S., European, and Black Sea weather maintained strong crop prospects, reinforcing elevated speculative short positions across wheat, corn, and soybeans. Notably, soybean futures jumped 2.5% in early Monday trade after Trump urged China to quadruple U.S. soy purchases as part of efforts to cut its trade deficit with China. As of late July, US government data showed China, the world's top buyer of soybeans, had yet to book any cargoes for the upcoming season that starts in September as tensions between the two sides linger. Overall, managed money accounts engaged in broad-based selling, with most of the 27 major commodity futures tracked seeing net reductions. The combined net long fell to an 11-month low of 540,000 contracts, valued at USD 107 billion. More than half of this nominal value came from gold's 161,811-contract net long—which, in contrast to the broader trend, rose 13% last week as a weaker-than-expected U.S. jobs report and potential dovish shift from the FOMC boosted September rate-cut expectations. Forex Despite emerging signs of the recent dollar recovery had run out of steam, speculators extended their recent buying spree to six leading to a considerable amount of further dollar short-covering. Overall, the gross USD short versus eight IMM forex futures slumped by 38% to USD 7.1 billion, the lowest belief in a weaker dollar since April, with selling seen across all eight except the Mexican peso, and led by JPY, EUR and not least GBP after the net short jumped to near a three-year high. Another extreme emerged in AUD where the net short reached an 18-month high.


CairoScene
2 days ago
- CairoScene
Two Falcons Fetch SAR 180,000 on Riyadh Auction's Opening Day
Two falcons from Al-Aradi Farm sold for SAR 180,000 on the opening day of Riyadh's International Auction Platform for Falcon Breeding Farms. Two falcons sold for a combined SAR 180,000 (nearly USD 48,000) on the opening day of the International Auction Platform for Falcon Breeding Farms in Riyadh. The birds, both from Al-Aradi Farm, included a free-ranging chick that fetched SAR 75,000 and a purebred that sold for SAR 105,000. They were purchased by Minister of State and Cabinet Member Prince Turki bin Mohammed bin Fahd bin Abdulaziz. The event, hosted by the Saudi Falcons Club in Malham, runs until August 25th and serves as a live marketplace for breeders, falconers, and enthusiasts. The International Auction Platform gathers specialised falcon breeding farms from Saudi Arabia and abroad, offering rare and high-performance birds for competitive bidding.