Latest news with #Sukari
IOL News
09-05-2025
- Business
- IOL News
AngloGold Ashanti reports 671% increase in headline earnings in its first quarter for 2025
AngloGold Ashanti CEO Alberto Calderon said the gold mining group had performed very strong in its first quarter to March 31, 2025. Image: Twitter AngloGold Ashanti's headline earnings soared by 671% to $447 million following a 22% increase in production in the first quarter to end March, good cost management and a rising gold price, the group said Friday. In addition to these numbers that indicate a very strong performance, AISC (all-in sustaining costs) increased by only 1%, while free cash increased by 607% to $403m. The previous guidance for the remainder of the year was reaffirmed. "This is a very strong start to the year, particularly at our managed operations," CEO Alberto Calderon said in a statement. An interim dividend of $63m or 12.5 US cents a share was declared for the first quarter, in line with the new quarterly dividend policy. AngloGold's share price had traded higher by 2.94% on Friday afternoon to R808.88 per share, a price already 77.3% higher than a year ago. The performance was supported by a 28% rise in gold production from managed operations year-on-year, primarily driven by the first-time contribution from the recently acquired Sukari Gold Mine in Egypt and solid output improvements at Siguiri and Tropicana. The average gold price received increased to $2,874/oz in the first quarter, well up from $2,063/oz in the first quarter of 2024. "We've seen strong growth in production with the addition of Sukari, and our cost control efforts continue to offset inflation, which has ensured that we capture the benefit of the higher gold price," said Calderon. AngloGold Ashanti remained committed to closing the valuation gap with its North American peers by driving continuous improvements in operating performance, enhancing cash conversion, extending life-of-mine, and maintaining a disciplined approach to capital allocation. Its portfolio continued to be actively managed to sharpen focus on its operations and projects in the US. Last week, the sale of the Doropo and ABC Projects in Ivory Coast was announced. The balance sheet also continued to strengthen. Adjusted net debt fell 60% year-on-year to $525m in the first quarter, from $1.322 billion in the first quarter of 2024. There was about $3bn in liquidity, including cash and cash equivalents of $1.5bn, at quarter end. Gold production for the group increased substantially by 22% year-on-year to 720 000 ounces, which reflected the first full-quarter contribution of 117 000 ounces from Sukari, Egypt's largest gold mine, and a 'notable uplift in consistency and reliability across the legacy portfolio,' said Calderon. The strong result was driven by a strong performance from managed operations, partially offset by operating challenges at the non-managed joint ventures.
Mid East Info
06-03-2025
- Lifestyle
- Mid East Info
Waterfront Market Brings Freshness & Flavour This Ramadan – Free Dates with Every Purchase!
This Ramadan, whether you're preparing for Iftar or Suhoor, the Waterfront Market is the perfect destination to find the freshest and highest-quality food produce. Open 24 hours daily, the Waterfront Market ensures that you can shop at any time, no matter your schedule. To add to the spirit of Ramadan, from March 1st to April 2nd, 2025, customers will receive a complimentary kilogram of premium Saudi Dates with any purchase of 500 AED or more. Waterfront Market offers everything you need to create delicious meals for Suhoor and Iftar, from fresh produce and vegetables to fruits, seafood, meat, and spices. Whether you're enjoying a traditional meal or experimenting with recipes from around the world, there's something for every taste bud. Dubai's rich cultural diversity is reflected in the variety of ways people from different nationalities break their fast. Dates, soups, salads, and traditional dishes from various cultures all play a part during the holy month. Dates, especially, hold a cherished place in Middle Eastern and Islamic traditions as a popular choice for breaking the fast, during Ramadan. At Waterfront Market, you'll find some of the finest date varieties, including Ajwa, Sukari, and Anbara Dates, many of which are difficult to find elsewhere. Sukari and Khalas dates are especially popular during this season, adding the perfect touch of sweetness to your Iftar. In addition to an exceptional shopping experience, Waterfront Market is home to amazing restaurant offers during Ramadan: Yahya Restaurant is providing free food to all Waterfront Market staff during Iftar as a gesture of kindness. Aylla Restaurant offers a delicious Ramadan buffet starting from AED 100, Suhoor from AED 39, with shisha and live music during Iftar. Boat Seafood Restaurant will serve special Iftar and Suhoor platters, including beef, chicken, fish, juice, fruits, and snacks, alongside live music featuring Muttipattu, a traditional Indian music style. This Ramadan, let Waterfront Market be your go-to place for fresh ingredients, exclusive date varieties, and delicious dining options. Whether you're shopping for dates, ingredients for your favourite dishes, or enjoying a meal out, this vibrant hub will truly make this Ramadan unforgettable. For more information, please visit: Summary: Waterfront Market Timings: Open 24 hours daily Fish Market Ramadan Timings: Closed daily for Iftar from 6:15pm to 8:15pm and on Fridays from 12:30pm to 2:00pm Fresh Ingredients: A wide range of fresh produce, vegetables, fruits, seafood, meat, and spices at great value. Special Ramadan Gift: Receive a complimentary 1 kg of premium Saudi Dates with a purchase of 500 AED or more (March 1st – April 2nd, 2025) Exclusive Date Varieties: Featuring Ajwa, Sukari, Anbara, and Khalas Dates Restaurant Offers: Yahya Restaurant: Free Iftar meals for Waterfront Market staff Aylla Restaurant: Suhoor for AED 39, Ramadan buffet from AED 100, with shisha and live music Boat Seafood Restaurant: Special Iftar and Suhoor platters with live Muttipattu music About the Waterfront Fresh Food Market: The Waterfront Fresh Food Marke is Largest Food Market in the Region, Dubai's premier destination for fresh produce, offering a wide variety of high-quality seafood, meat, poultry, fruits, vegetables, and dried goods and spices sourced locally and internationally. Renowned for its unbeatable prices and exceptional value, the market is a trusted name for consumers and businesses alike. With new addition of Live Fish and Seafood section that came from local and International. The unique Market to Plate experience where in you can buy your fresh seafood, have it cleaned and let our Restaurants on the promenade cook it and enjoy in the great Waterfront view. Operating 24/7 in Deira, the market brings together top-quality traders, offering an unparalleled shopping experience that prioritizes freshness, quality, and affordability. The Waterfront Fresh Food Market also features indoor and outdoor dining options along a scenic promenade with views of Dubai Islands and Infinity Bridge, waterfront and sunset views, making it a one-stop destination for food lovers. Dedicated to sustainable and ethical food sourcing practices, the market ensures a responsible and enjoyable experience for all.
Hi Dubai
06-03-2025
- Business
- Hi Dubai
Waterfront Market Celebrates Ramadan with Fresh Produce, Exclusive Offers & Free Dates
This Ramadan, Waterfront Market is your one-stop destination for the freshest and highest-quality food products, available 24/7 to accommodate your schedule. Whether preparing for Iftar or Suhoor, visitors can explore a variety of fresh ingredients, including fruits, vegetables, seafood, meat, and spices, perfect for creating delicious Ramadan meals. To embrace the spirit of giving, from March 1st to April 2nd, 2025, customers spending AED 500 or more will receive 1 kg of premium Saudi Dates for free. With Ramadan being a time of tradition and reflection, dates hold a special place in the Iftar table. Waterfront Market offers a variety of premium dates, including Ajwa, Sukari, Anbara, and Khalas, known for their unique flavors and rich textures. A Hub for Culinary Diversity Dubai's multicultural community brings together a wide range of Ramadan traditions, and Waterfront Market caters to them all. Whether you're looking for traditional Middle Eastern ingredients or globally inspired flavors, you'll find everything you need for a memorable Ramadan dining experience. Exclusive Restaurant Offers During Ramadan Beyond shopping, Waterfront Market is home to several exciting Iftar and Suhoor dining offers: Yahya Restaurant : Offering free Iftar meals to all Waterfront Market staff as a gesture of kindness. : Offering to all Waterfront Market staff as a gesture of kindness. Aylla Restaurant : Enjoy a Ramadan buffet starting from AED 100 , Suhoor from AED 39 , along with shisha and live music to enhance the experience. : Enjoy a , Suhoor from , along with to enhance the experience. Boat Seafood Restaurant: Special Iftar and Suhoor platters featuring beef, chicken, fish, juice, fruits, and snacks, accompanied by live Muttipattu music, a traditional Indian musical performance. Ramadan Market Timings Waterfront Market : Open 24 hours daily : Open 24 hours daily Fish Market Ramadan Hours : Closed daily for Iftar from 6:15 PM to 8:15 PM Closed on Fridays from 12:30 PM to 2:00 PM : Experience Ramadan at Waterfront Market This Ramadan, shop, dine, and celebrate at Waterfront Market, where fresh ingredients, premium dates, and exclusive dining experiences await. Whether you're preparing meals at home or enjoying an Iftar feast, the market ensures an authentic and unforgettable Ramadan experience. For more details, visit: News Source: HAVAS Red
