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MIDAR Reports Over 500% Surge in FY2024 Profits
MIDAR Reports Over 500% Surge in FY2024 Profits

Economic Key

time07-07-2025

  • Business
  • Economic Key

MIDAR Reports Over 500% Surge in FY2024 Profits

MIDAR for Investment and Urban Development, the founder and master developer of the mega-cities 'Mostakbal City' and 'MADA' in New Cairo, has announced its financial and operational results for the fiscal year 2024. The results reflect a significant increase in revenue and net profit growth rates, driven by the company's successful partnerships with major real estate developers in Egypt to advance projects within MIDAR's cities. The company's financial statements for FY 2024 revealed a remarkable revenue growth rate of 584%, underscoring the substantial progress in its operations over the past year. In terms of net profit, MIDAR continued its strong performance in the Egyptian market, solidifying its position as the preferred investment partner for local, regional, and global entities seeking to develop world-class real estate and entertainment projects. The net operating profit for 2024 surged by over 500% compared to the profits achieved in 2023. Eng. Ayman Elkousey, CEO and Managing Director of MIDAR for Investment and Urban Development, emphasized that these positive results reflect MIDAR's established leadership, achieved through years of dedicated work in the Egyptian market. He noted that the company's robust financial indicators demonstrate the success of MIDAR's pioneering approach as the master developer of sustainable integrated cities in Egypt. This success further incentivizes major investment entities to partner with MIDAR in developing modern, integrated residential and entertainment cities. Elkousey also expressed his pride in MIDAR's recognition by the Ministry of Finance during the 'Shokran' (Thank You) Conference, held in collaboration with the Egyptian Tax Authority. This acknowledgment highlights MIDAR's pivotal role in supporting the government's efforts to modernize the tax system. The honor reflects the state's appreciation for leading economic entities that uphold transparency, foster partnership, and strengthen trust between the government and taxpayers. تم نسخ الرابط

Global Village brings stardom to the Main Stage with a soulful musical performance by Assala Nasri
Global Village brings stardom to the Main Stage with a soulful musical performance by Assala Nasri

Al Bawaba

time08-04-2025

  • Entertainment
  • Al Bawaba

Global Village brings stardom to the Main Stage with a soulful musical performance by Assala Nasri

Global Village, the region's premier multicultural family destination for entertainment, dining, shopping, and attractions, welcomed last night the Icon of the East, Assala Nasri, who lit up the Main Stage with a spectacular concert. She was introduced on stage by the presenters of Al Arabiya 99, the official radio partner of the concert. In a heartwarming and unexpected moment, Turkish superstar Ebru Gündeş joined Assala behind the scenes during her rehearsals and preparations, before joining the audience to enjoy the performance. Assala proudly introduced Ebru to the crowd, adding a special touch of glamour and camaraderie to the followed was a breathtaking, soulful journey through Assala's most cherished songs. These included 'Shokran', 'Al Soura', 'Akter', 'Rawah w Rouh', 'Ya Magnoon, 'Ensan', 'Kevokim – Ghanou Manaa El Leileh', 'Eshtagt lak', 'Bent Akaber', 'Fouq', 'Sawaha Galbe', 'Ghalban' and 'Thak El Ghaby', leaving a lasting impression on her velvety voice, stardom and commanding stage presence transported the audience through a spectrum of emotions, blending vibrant energy, heartfelt romance and joyful nostalgia. From timeless classics to contemporary hits, Assala's performance was a celebration of music, memory and musical by Rotana, the concert sparked excitement among guests of all ages. Throughout the evening, the Icon of the East warmly engaged with her audience, listening to their requests, approaching fans from the stage, locking eyes with them and waving from the Main Stage in genuine appreciation. Assala Nasri's concert is part of a lineup of exceptional events at Global Village this Season 29, each curated to provide guests with incredible entertainment experiences. Global Village continues to foster cross-cultural connections while providing a diverse range of world-class entertainment and positioning itself as the premier destination for immersive family experiences.

Syrian Icon Assala Shines Bright at Global Village Concert
Syrian Icon Assala Shines Bright at Global Village Concert

CairoScene

time07-04-2025

  • Entertainment
  • CairoScene

Syrian Icon Assala Shines Bright at Global Village Concert

The celebrated artist lit up the stage with timeless classics and contemporary hits, including 'Shokran', 'Al Soura', and 'Eshtagt Lak'. Apr 07, 2025 Dubai's Global Village hosted a memorable night with a stunning performance by the "Icon of the East," Assala Nasri, on the Main Stage. The celebrated artist captivated fans with a mix of timeless classics and contemporary hits, including tracks like 'Shokran,' 'Al Soura,' 'Ya Magnoon,' and 'Eshtagt Lak.' A surprise moment occurred when Turkish superstar Ebru Gündeş, who had been backstage during Assala's preparations, joined the crowd to enjoy the performance. Assala introduced her to the audience, making the night even more special with a heartfelt display of camaraderie. Produced by Rotana, the concert became a highlight of Global Village's Season 29, offering attendees a chance to experience Assala's velvety voice and commanding stage presence up close.

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