Latest news with #strategicinvestments
Zawya
20 hours ago
- Business
- Zawya
Modon Holding posts $572mln net profit in H1 2025
ABU DHABI: Modon Holding has reported exceptional results for the first half of 2025, with net profit rising 4.2 times year-on-year to AED2.1 billion, compared to AED502 million in H1 2024. The strong performance was driven by solid results across the Group's four core business segments, the successful integration of recent acquisitions, and the efficient execution of strategic investments. Modon's growth was led by its real estate segment, alongside stronger recurring revenues supported by operational improvements in asset management and hospitality, as well as exceptional performance in events, catering, and tourism. The Group has maintained positive momentum into the second half of the year. In July, the full sell-out of residential plots in the Wadeem project generated AED5.5 billion in sales, pushing H1 2025 sales beyond the total achieved in all of 2024. Modon recorded AED6.5 billion in revenue for the first half of 2025—tripling year-on-year—driven by robust revenue recognition from development projects. This growth was fuelled by record real estate sales from new launches and existing inventory, rising recurring income, and the positive impact of recent acquisitions. Group EBITDA increased to AED2.9 billion, representing 4.0x growth year-on-year (excluding non-recurring items), outpacing revenue growth. The Group's revenue backlog reached AED33 billion across all business segments, while real estate sales amounted to AED10 billion. All units launched in two key development projects were sold out in a single day, underscoring strong market demand. Modon continued to expand its global footprint through strategic investments in the United Kingdom and North America, extending its operational presence to 13 countries.
Zawya
22-07-2025
- Business
- Zawya
Dubai Chambers to host Dubai Business Forum – USA in New York this November to highlight D33 investment opportunities
The forum seeks to unlock new channels for capital inflows and strategic investments from the United States to Dubai, while showcasing the emirate's robust economic fundamentals and competitive advantages. Dubai, UAE – Dubai Chambers has announced that the fourth international edition of the Dubai Business Forum will take place in New York City on 12 November. The forum aims to introduce the American business community to the diverse opportunities created by the Dubai Economic Agenda (D33). The Dubai Business Forum – USA is designed to unlock new channels for capital inflows and strategic investments from the United States to Dubai while showcasing the emirate's robust economic fundamentals and competitive advantages, including its advanced infrastructure, pro-business legislation, and innovation-driven environment. The forum will highlight Dubai's advantages as a launchpad for U.S. companies expanding into high-growth markets across the Middle East, Asia, and Africa. Positioned as a high-level platform, the forum will bring together prominent business leaders and policymakers to explore mutual economic priorities and discuss collaboration in strategic sectors. The event's sessions will provide opportunities to exchange insights on the current and future trends shaping global business and spotlight emerging opportunities for bilateral cooperation. The forum comes as part of Dubai Chambers' ongoing efforts to expand its global network and reinforce Dubai's position as a preferred destination for foreign direct investment. The event will feature in-depth discussions on how U.S. investors and companies can benefit from Dubai's pro-growth business environment and explore new avenues for joint ventures and investment between the business communities in both markets. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'Dubai is continuing to strengthen its position as a global model for business empowerment, and strategic partnerships that contribute to economic growth. By hosting the Dubai Business Forum – USA in New York, we aim to enhance bilateral trade and investment ties and pave the way for new paths for collaboration that drive mutual growth and sustainable economic development.' New York was selected to host this edition of the forum due to its significance as a global financial and business centre, making it the ideal location for a strategic event of this calibre. The forum will bring together key stakeholders from Dubai and the United States to explore collaborative opportunities, as well as highlighting the advantages of Dubai's dynamic business ecosystem and how these support the global expansion of American companies. The event marks the fourth international edition of the Dubai Business Forum. The inaugural international edition was held in Beijing, China, which was followed by events in London, United Kingdom, and Hamburg, Germany. Through the forum, Dubai Chambers aims to advance strategic economic partnerships, enhance cross-border trade, unlock new investment opportunities locally and internationally, and drive business growth between Dubai and leading global markets. About Dubai Chambers Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers. Follow us on: For more information, please contact: Mohamad Mouzehem PR & Corporate Communications Email:
Entrepreneur
22-07-2025
- Business
- Entrepreneur
Dubai Chambers to Host "Dubai Business Forum – USA" in New York in November 2025
The forum aims to introduce the American business community to the diverse opportunities created by the Dubai Economic Agenda (D33). You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Dubai Chambers has announced that the fourth international edition of the Dubai Business Forum will take place in New York City on November 12, 2025. The forum aims to introduce the American business community to the diverse opportunities created by the Dubai Economic Agenda (D33). The Dubai Business Forum – USA is designed to unlock new channels for capital inflows and strategic investments from the United States to Dubai while showcasing the emirate's robust economic fundamentals and competitive advantages, including its advanced infrastructure, pro-business legislation, and innovation-driven environment. The forum will highlight Dubai's advantages as a launchpad for U.S. companies expanding into high-growth markets across the Middle East, Asia, and Africa. Positioned as a high-level platform, the forum will bring together prominent business leaders and policymakers to explore mutual economic priorities and discuss collaboration in strategic sectors. The event's sessions will provide opportunities to exchange insights on the current and future trends shaping global business and spotlight emerging opportunities for bilateral cooperation. The forum comes as part of Dubai Chambers' ongoing efforts to expand its global network and reinforce Dubai's position as a preferred destination for foreign direct investment. The event will feature in-depth discussions on how U.S. investors and companies can benefit from Dubai's pro-growth business environment and explore new avenues for joint ventures and investment between the business communities in both markets. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, "Dubai is continuing to strengthen its position as a global model for business empowerment, and strategic partnerships that contribute to economic growth. By hosting the Dubai Business Forum – USA in New York, we aim to enhance bilateral trade and investment ties and pave the way for new paths for collaboration that drive mutual growth and sustainable economic development." New York was selected to host this edition of the forum due to its significance as a global financial and business centre, making it the ideal location for a strategic event of this calibre. The forum will bring together key stakeholders from Dubai and the United States to explore collaborative opportunities, as well as highlighting the advantages of Dubai's dynamic business ecosystem and how these support the global expansion of American companies. The event marks the fourth international edition of the Dubai Business Forum. The inaugural international edition was held in Beijing, China, which was followed by events in London, United Kingdom, and Hamburg, Germany. Through the forum, Dubai Chambers aims to advance strategic economic partnerships, enhance cross-border trade, unlock new investment opportunities locally and internationally, and drive business growth between Dubai and leading global markets.
