Latest news with #EmaarMalls
Zawya
6 days ago
- Business
- Zawya
Al-Futtaim appoints Wassim Arabi as President of Retail division
Dubai, United Arab Emirates: Al-Futtaim, one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, is pleased to announce the strategic appointment of Wassim Arabi as the President of the Retail division, marking a significant step in the company's transformation journey and growth agenda. Wassim Arabi brings over three decades of retail and mall operations experience to Al-Futtaim, having most recently served as Group CEO of Emaar Malls and Entertainment. His extensive leadership background, including a long tenure at Alshaya Group, positions him to lead the Retail division into a new era of accelerated growth and innovation. Wassim Arabi commented on his appointment: "I am honoured to join Al-Futtaim at such a pivotal moment in its growth journey. The Retail division has a long-standing legacy in the region, and I look forward to working with the team to drive innovation, enhance customer experiences, and shape the future of retail for our partners and communities." Wassim's appointment reflects Al-Futtaim's continued focus on investing in leadership that can navigate the evolving retail landscape, drive digital transformation, and deliver meaningful impact across its diverse brand portfolio. David Henderson, Group Chief Human Resources Officer at Al-Futtaim, added: "Wassim joins us at a pivotal time for the Retail division, as we accelerate our transformation and focus on delivering exceptional customer experiences. His proven track record and deep sector knowledge make him an ideal fit for this next chapter. This appointment also reflects our continued commitment to attracting experienced, forward-looking leaders who can drive growth and innovation across our businesses." About Al-Futtaim: Established in the 1930s as a trading business, Al-Futtaim today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Operating across 18 countries in the Middle East, North Africa and Asia, the Group spans key sectors including automotive, financial services, real estate, retail, and health. Al-Futtaim's work is driven by a clear purpose: to enrich lives and elevate communities through practical, forward-looking solutions. Employing a workforce of nearly 33,000 people, Al-Futtaim represents a portfolio of over 200 of the world's most recognised and trusted brands, including Toyota, Lexus, IKEA, ACE, Marks & Spencer, and many more. With a strong focus on digital innovation and artificial intelligence, sustainable growth, strategic partnerships, and empowering its people, Al-Futtaim's approach is anchored in long-term value creation. Its integrated business model positions the Group as a reliable partner to stakeholders—supporting customers, communities, and collaborators alike in navigating the needs of today while planning for tomorrow. Underpinned by the values of respect, excellence, collaboration, and integrity, Al-Futtaim continues to build a legacy that reflects its responsibility to people, progress, and the planet. For more information, visit: For media enquiries, contact: Layla AlBarghouthi Kartik Suresh
Khaleej Times
27-05-2025
- Business
- Khaleej Times
Salik revenue soars over Dh750 million in Q1 2025 from variable rates, new toll gates, fines
The introduction of variable pricing, two new toll gates, and revenues from fines all contributed to a robust Q1 2025 performance by Salik PJSC, Dubai's exclusive toll gate operator. The company on Tuesday announced it registered Dh751.6 million total revenue from January to March this year for 33.7 per cent YoY (year on year) growth. Its net profit after taxes also surged by 33.7 per cent to Dh370.6 million in the first three months of 2025. Salik's total chargeable trips reached 158 million, following the introduction of variable pricing at the end of January 2025 and the launch of the two new toll gates in November 2024. Of this, the chargeable trips during the peak period (when the toll gate fee is Dh6) totaled 39.3 million trips, and 107.5 million during the off-peak period (Dh4). Between 1am and 6am, when Salik is free, the trips registered 11.2 million in Q1 2025. Revenue from fines increased 16.2 per cent year on year to Dh68.4 million in the first quarter. The number of net violations (accepted minus dismissed violations) grew by 15 per cent in Q1 2025, reaching around 786,000. The revenue from fines contributed 9.1 per cent to total revenue in Q1 2025. Salik also registered strong growth from its ancillary revenue streams. The total revenue from Salik's parking partnerships with Emaar Malls and Parkonic reached Dh2.8 million in Q1 2025. Revenue from tag activation fees grew 17.4 per cent to Dh11.5 million. 'Profitability is robust' 'We've entered 2025 with strong momentum, with our core tolling business continuing to thrive, bolstered by the opening of two new toll gates in late 2024,' said Salik CEO Ibrahim Sultan Al Haddad in a statement sent to Khaleej Times, adding: 'We have also maintained progress in our ancillary revenue streams, with both the Dubai Mall and Parkonic parking partnerships seeing good traction with users in the first quarter. 'Total chargeable trips, accounting for the new variable pricing, reached 158 million, with total revenue growth exceeding 30 per cent. Profitability is also robust,' Al Haddad continued, noting EBITDA (earnings before interest, taxes, depreciation, and amortisation) growth of more than 35 per cent, With a healthy first quarter, Al Haddad said the total revenue guidance for the full year remains unchanged, and is expected to grow by 28 to 29 per cent, including the contribution of the two new toll gates, 'while tapping new opportunities.' Mattar Al Tayer, chairman of the Board of Directors of Salik, added: 'Our exceptional Q1 performance reflects a continued focus on delivering long-term value to shareholders and our ambition to become a global leader in providing smart and sustainable mobility solutions. We expect total revenue to grow 28 to 29 per cent by the end of 2024 driven by the launch of operations in geographies outside of Dubai and the exploration of new partnerships to further enhance user experience and support both short and long-term earnings growth.' Salik introduced variable pricing on January 31 'aimed at enhancing traffic flow across Dubai's road networks.' The two new toll gates, Business Bay and Al Safa South, meanwhile, have been in operation since November 24, 2024. Salik has also been operating a barrier-less parking system at Dubai Mall since July 1, 2024. The toll operator also collaborated with Parkonic for a five-year contract, during which Parkonic will integrate Salik's e-wallet into the 107+ locations it operates and any future locations it may operate in the UAE. The agreement also marks the first time Salik has expanded its service offering outside of Dubai. Salik is also in the process of launching customised tags to allow corporate customers to personalise Salik tags with unique designs and messages.
Time of India
17-05-2025
- Business
- Time of India
Leo, Weekly Horoscope, May 18 to May 24, 2025: Success and Social Spark Await, but Watch Your Health and Relationships
This week, Leos experience a blend of professional success and social fulfillment, with potential for new partnerships and romantic opportunities. However, caution is advised in relationships and financial decisions during the midweek, as disagreements and misunderstandings may arise. The weekend brings renewed optimism and favorable outcomes, emphasizing the importance of balancing boldness with humility for overall well-being. For Leo natives, the week offers a journey through personal achievement, social engagement, and some necessary caution in relationships and health. The week opens on a high note with educational and professional successes—confidence is high, and your efforts are likely to be recognized by superiors, peers, or family members. You may find yourself attending social gatherings or family events, which will boost your mood and help you expand your network. Midweek, new partnerships and opportunities may present themselves, especially in business or romance. Unmarried Leos could receive marriage proposals, while those in established relationships experience a surge of affection and loyalty. The latter part of the week, however, calls for increased caution. Disagreements or misunderstandings with your spouse or close friends can disrupt your peace, and financial decisions require careful thought to avoid potential pitfalls. The weekend restores optimism, with luck favoring your pursuits once again. You may be recognized for your achievements, receive good news from children, or enjoy the fruits of your recent hard work. Throughout the week, your charismatic presence continues to attract positive attention, but remember to temper boldness with humility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like CFD's: Investing $200 in Emaar Malls can give you a second income TradeLG Undo Love and Relationships Romance is in the air for Leo, but so are moments of volatility. The early week is ideal for deepening bonds, planning romantic outings, or making a heartfelt proposal to a special someone. Single Leos are especially lucky—new connections or sudden proposals could materialize, so stay open to invitations and spontaneous encounters. Midweek, tensions may arise. Arguments or difference of opinion with your spouse or significant other can surface, particularly if work-related stress seeps into your home life. Avoid letting ego get in the way of reconciliation. Communication is your strongest asset—use it to bridge gaps and maintain harmony. By the weekend, affection is rekindled, and your relationships are likely to become sources of pride and comfort. If children are involved, their successes will bring the family closer together. Education and Career Leo students and professionals are set to shine. The week begins with significant achievements in education, sports, or workplace tasks. If you're preparing for exams, competitions, or career advancement, this is your moment to excel. Teachers, mentors, or seniors will notice your hard work and may offer new opportunities or support. Business ventures are particularly favored in the early to midweek. Partnerships can bring in lucrative deals, and legal matters may resolve in your favor. However, as the week progresses, the tempo of your work life becomes more demanding. Obstacles may arise, requiring extra effort and flexibility. Don't be discouraged by temporary setbacks—stay focused on your long-term goals, and use the weekend to reassess and strategize. Money and Finance Financial prospects for Leo are mixed this week. The early part of the week brings promising returns from previous investments or business activities, especially those related to education, property, or family ventures. New opportunities to expand income may arise through social connections or business partners. However, as the week continues, avoid hasty financial commitments or risky investments, especially if you're pressured by friends or relatives. Watch for unnecessary expenditures—luxury purchases or social spending may tempt you, but restraint is wise. If financial confusion arises, delay big decisions until after the weekend, when your judgment will be clearer and fortune is more favorable. Health and Well-being Leos generally enjoy good health at the start of the week, with energy levels running high and enthusiasm for life activities. Take advantage of this period to establish new exercise routines or pursue physical goals. Midweek, however, minor ailments or discomfort—particularly related to diet or stress—could crop up. Pay attention to symptoms and avoid overindulgence in rich foods or strenuous activities. Tension in relationships can also affect your mental well-being, so prioritize relaxation and stress management techniques. As the week draws to a close, physical and emotional energy is restored, especially if you reconnect with family, engage in creative pursuits, or spend time outdoors. Avoid arguments and heed your body's signals for rest and recovery. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
17-05-2025
- Entertainment
- Time of India
When Anushka Sharma shared goofy PICS with Virat Kohli and called him ‘the most secure man'
Virat Kohli and Anushka Sharma are easily one of the most loved celebrity couples in India. Whether it's cricket or cinema, they've both made their mark, but it's their sweet and strong bond that wins hearts every time. Fans adore how they cheer each other on, share honest posts on social media, and aren't afraid to be goofy together. From flying kisses on the field to heartfelt notes on Instagram , Virat and Anushka are always giving us serious couple goals. And one such moment that stood out was when Anushka penned a beautiful love note along with some funny pictures in 2021, calling Virat 'the most secure man'. Goofy pics and a heartwarming note by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like CFD's: Investing $200 in Emaar Malls can give you a second income TradeLG Undo In December 2021, Anushka took to Instagram to celebrate her fourth wedding anniversary and posted a set of goofy and adorable pictures with her husband, Virat. But it was her thoughtful caption that made fans pause and smile. She wrote, "There is no easy way out, there is no shortcut home. Your favourite song and words you've lived by always. These words hold true for everything including relationships. Takes tremendous courage to be the person you are in a world filled with perceptions & optics. Thank you for inspiring me when I needed it and for keeping your mind open when you needed to listen.' This was followed by a powerful statement that made their fans fall in love with them all over again, 'Marriage of equals is only possible when both are secure. And you are the most secure man I know! Like I've said earlier, fortunate are those who really know the real you, the soul behind all the achievements, the man behind all the projections cast upon you.. May love, honesty, transparency and respect guide us always. P.S. : May we never stop goofin' around. I love that about us." A love story that keeps getting better Anushka and Virat's love story began on the sets of a TV ad shoot in 2013. After years of dating, they tied the knot on 11 December 2017 in a dreamy, private ceremony in Italy. Since then, the couple have always kept it real, sharing parts of their lives without trying too hard to fit into the celebrity mould. In January 2021, they welcomed their daughter, Vamika . And in February 2024, they became parents to a baby boy, Akaay . Virat Kohli & Anushka Sharma Meet Saint Premanand Maharaj In Vrindavan Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .
Time of India
16-05-2025
- Time of India
Teacher killed in lightning strike while riding bike
Chhatrapati Sambhajinagar: A senior teacher from a Zilla Parishad school in Yavatmal's Hiwara Sangam died after being struck by lightning while riding his motorcycle in the Malwada ghat area on Thursday. An eyewitness had said the teacher was attending a phone call while riding the bike. The incident occurred on the national highway connecting Mahur and Kinwat within the Mahur tehsil of Nanded district. "The fatal lightning strike happened around 3pm during pre-monsoon showers that brought strong winds and intense lightning. The victim, identified as Sanjay Pandey, was on his way to his native village in Karanji. He died on the spot," police said. Local sources reported that people quickly gathered at the location following the incident. Eyewitnesses described a sudden and severe weather event characterised by heavy thunder that startled residents in the area. Nanded district collector Dr Rahul Kardile said, "The report has been received from the gram sevak and after receiving the autopsy report a cheque of Rs 4 lakh will be given as compensation to the immediate kin of the victim." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like CFD's: Investing $200 in Emaar Malls can give you a second income TradeLG Undo Local residents speculate that the lightning may have been drawn to the teacher because he was reportedly using his mobile phone during the thunderstorm. When contacted, the Nahur police said they were currently in the process of recording statements related to this claim. In the wake of this tragic event, the Nanded district administration has issued an advisory urging the public to refrain from using cellphones during thunderstorms. Maharashtra has recently experienced the onset of pre-monsoon rains, which have already caused considerable damage to agricultural activities. Amidst this, legislative council's deputy chairman Neelam Gorhe, during her visit to Chhatrapati Sambhajinagar and Jalna districts on Friday, appealed for installation of lightning arresters in considerable numbers. According to experts, using a cellphone during a thunderstorm isn't inherently dangerous, but it's often advised against because people might be more likely to be outside or near conductive objects while using their phone, increasing their risk of being struck. However, landline phones can be risky during thunderstorms because the metal components in the phone and wiring can conduct electricity from a lightning strike.
