Latest news with #AbuDhabi
Arab News
12 minutes ago
- Sport
- Arab News
UFC Fight Night returns to Abu Dhabi in July with stacked card
ABU DHABI: UFC CEO Dana White has revealed a strong card for UFC Fight Night: Whittaker vs. de Ridder in Abu Dhabi on July 26 at Etihad Arena on Yas Island. For the latest updates, follow us @ArabNewsSport The main event will be headlined by former UFC middleweight champion Robert Whittaker and highly-rated Dutch standout Reinier de Ridder whose seamless transition from the ONE Championship has been hugely impressive. White took to social media to announce what promises to be one of the most thrilling Fight Night cards of the year, which will see No.12-ranked 185-pounder De Ridder, undefeated in his three UFC bouts to date, likely earn a middleweight title eliminator should he defeat Whittaker. 'De Ridder is a former middleweight and light heavyweight world champion and has finished every one he has fought in the UFC,' White said. 'He's coming off a win over the top prospect in the sport, Bo Nickal. If De Ridder can beat Whittaker, it's very likely he'll be fighting for the No. 1 contender bout next. I am pumped for this fight because these guys are both killers — and they always come out and deliver.' The main card boasts two five-round bouts and a stacked lineup of electrifying talent, former champions, and elite contenders — all coming together for one of the year's most anticipated international showcases, marking the 21st UFC event in Abu Dhabi since 2010. In the co-main event in Abu Dhabi, unbeaten featherweight Movsar Evloev takes on UFC newcomer Aaron Pico. Evloev, who will be looking to extend his eight-fight winning streak since his UFC debut in 2019, most recently outpointed Aljamain Sterling in a hard-fought unanimous decision at UFC 310 in December 2024. Pico, long considered MMA's top free agent, recently joined the UFC roster. A decorated collegiate wrestler and former Bellator standout, the 28-year-old currently holds a 13-4 professional record and arrives with major expectations. White added: 'Aaron Pico is a ridiculously violent striker and a very high-level grappler. He's had hype behind him since he was a teenager because of his skill set and fighting style — people compare him to guys like Justin Gaethje or Dustin Poirier.' Former UFC bantamweight champion Petr Yan makes his return in a featured bout against rising contender Marcus McGhee. Yan will be looking to build on the momentum from a strong 2024, where he secured consecutive wins over Song Yadong and Deiveson Figueiredo. UFC Abu Dhabi Fight Card: Robert Whittaker vs. Renier de Ridder - Middleweight Movsar Evloev vs. Aaron Pico - Featherweight Petr Yan vs. Marcus McGhee - Bantamweight Bryce Mitchell vs. Said Nurmagomedov - Bantamweight Shara Magomedov vs. Marc-Andre Barriault - Middleweight Nikita Krylov vs. Bogdan Guskov - Light Heavyweight
Al Bawaba
15 minutes ago
- Business
- Al Bawaba
Aldar Generates More Than Aed 3.5 Billion in Sales at Fahid Island During Launch Week
Following exceptional interest in Fahid Island - Abu Dhabi's first coastal wellness destination and the world's first Fitwel certified island - Aldar today announced it has generated over AED 3.5 billion in sales at Fahid Beach Residences and The Beach House, the island's first residential developments released during launch Fahid Island homes attracted a diverse pool of buyers, drawn by the island's position as Abu Dhabi's first coastal wellness destination, the waterfront lifestyle, and proximity to super-premium education at Kings College School Wimbledon which sits within the wider wellness inspired masterplan. Expatriate residents and overseas buyers account for 67% of total sales, with buyers from the UAE, Russia, the UK, and China making up the top nationalities by sales volume. This strong local and international interest underscores Fahid Island's emerging global profile as a premier lifestyle destination where wellness meets culture, nature, and community.42% of buyers are under the age of 45, signalling growing demand for luxury wellness-focused living among younger demographics. Notably, 67% of buyers are first-time Aldar customers, demonstrating Aldar's expansive reach and the appeal of the Group's thoughtfully curated Emery, Chief Executive Officer at Aldar Development said: 'The highly anticipated launch of Fahid Island has resulted in the first homes released generating more than AED 3.5 billion - and serves as a powerful validation of our vision to place wellness at the heart of community living. The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations and we are expecting continued interest in Fahid Island as Abu Dhabi's first wellness island builds its profile on the global stage.'In response to the overwhelming demand for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House during launch week and sales progress continues at pace. Comprised of 11 elegantly designed towers offering a collection of studios to 3-bedroom + maid apartments, the new development draws on its coastal surroundings and is thoughtfully crafted to evoke a sense of calm, lightness, and relaxed sophistication. Residents benefit from exquisite interiors and breathtaking views of the sea and Abu Dhabi skyline, as well as a state-of-the-art amenities and facilities, direct shoreline access, and seamless connectivity to Coral Drive, the island's boutique retail boulevard. With further residential launches planned, Aldar will continue to deliver on its vision to transform Fahid Island into a vibrant, wellness-focused destination that redefines coastal living in the region.
Yahoo
32 minutes ago
- Business
- Yahoo
Identifying Undiscovered Gems in the Middle East for June 2025
As geopolitical tensions in the Middle East continue to influence market dynamics, many Gulf markets have seen a retreat, with indices such as Dubai's main share index and Abu Dhabi's index experiencing declines. Despite these challenges, the search for undiscovered gems remains crucial, as identifying stocks with strong fundamentals and growth potential can provide valuable opportunities even amidst broader market volatility. Name Debt To Equity Revenue Growth Earnings Growth Health Rating MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Alf Meem Yaa for Medical Supplies and Equipment NA 17.03% 18.37% ★★★★★★ Baazeem Trading 8.48% -2.02% -2.70% ★★★★★★ Sure Global Tech NA 11.95% 18.65% ★★★★★★ Saudi Azm for Communication and Information Technology 2.07% 16.18% 21.11% ★★★★★★ Nofoth Food Products NA 15.75% 27.63% ★★★★★★ National General Insurance (P.J.S.C.) NA 14.55% 29.05% ★★★★★☆ National Corporation for Tourism and Hotels 19.25% 0.67% 4.89% ★★★★☆☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Saudi Chemical Holding 79.49% 16.57% 44.01% ★★★★☆☆ Click here to see the full list of 217 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Value Rating: ★★★★☆☆ Overview: Taaleem Holdings PJSC is a company that provides and invests in education services in the United Arab Emirates, with a market capitalization of AED3.79 billion. Operations: Revenue for Taaleem primarily comes from school operations, amounting to AED1.05 billion. Taaleem Holdings PJSC, a nimble player in the UAE's education sector, has demonstrated robust earnings growth of 16.9% over the past year, outpacing the industry average of 6.7%. With sales for Q2 2025 reaching AED 343.74 million compared to AED 282.54 million previously, revenue and net income figures also showed positive trends at AED 20.1 million and AED 92.02 million respectively for the quarter ended February 28, though net income was slightly lower than last year's same period at AED 92.19 million. The company's debt-to-equity ratio has risen from 19.9% to a more leveraged position of 29.1%, yet its interest obligations are comfortably covered by EBIT at nearly fifty times over—demonstrating financial resilience amidst strategic expansion efforts targeting premium segments despite potential margin pressures from higher costs associated with these initiatives. Taaleem Holdings PJSC plans to add 10,000 seats by 2026 through strategic expansion. Click here to explore the full narrative on Taaleem's growth strategy and market positioning. Simply Wall St Value Rating: ★★★★★★ Overview: Ackerstein Group Ltd is involved in production, infrastructure, construction, and development activities in Israel and the United States, with a market capitalization of ₪2.55 billion. Operations: Ackerstein Group's revenue primarily comes from its Engineering Segment, generating ₪560.42 million, followed by the Industry Sector at ₪289.34 million and the Real Estate Sector at ₪47.92 million. The Industry Sector Abroad contributes an additional ₪57.57 million to the total revenue stream. Ackerstein Group, a notable player in the Middle East's basic materials sector, showcases impressive financial health with earnings growth of 48.8% over the past year, outpacing the industry average of -6.7%. The company's interest payments are well-covered by EBIT at 50.8 times, indicating strong operational efficiency. A significant one-off gain of ₪62.3 million impacted its recent financial results, highlighting some volatility in earnings quality. Over five years, Ackerstein has reduced its debt to equity ratio from 43.3% to a satisfactory 12%, reflecting prudent debt management strategies amidst a highly volatile share price environment recently observed over three months. Take a closer look at Ackerstein Group's potential here in our health report. Gain insights into Ackerstein Group's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★☆ Overview: Y.D. More Investments Ltd is a privately owned investment manager with a market capitalization of ₪1.77 billion, focusing on various financial management services. Operations: The company's primary revenue streams include management of provident and pension funds, generating ₪540.82 million, and mutual fund management with revenues of ₪231.26 million. Investment portfolio management contributes an additional ₪34.40 million in revenue. Y.D. More Investments, a nimble player in the Middle East market, has shown robust growth with earnings up 38.9% over the past year, outpacing the industry average of 28.5%. The company's net income for Q1 2025 surged to ILS 31.62 million from ILS 17.11 million a year prior, while revenue climbed to ILS 230.15 million compared to last year's ILS 188.26 million. Despite a volatile share price recently, Y.D.'s debt-to-equity ratio rose from just 0.3% to an elevated level of 62.7% over five years, indicating increased leverage but also potential for strategic expansion and investment opportunities in its sector. Click here and access our complete health analysis report to understand the dynamics of Y.D. More Investments. Understand Y.D. More Investments' track record by examining our Past report. Delve into our full catalog of 217 Middle Eastern Undiscovered Gems With Strong Fundamentals here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:TAALEEM TASE:ACKR and TASE:MRIN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Zawya
an hour ago
- Health
- Zawya
Burjeel Holdings' JV Alkalma launches regional mental health platform with four premier centers in the UAE and Saudi Arabia
Abu Dhabi: In a strategic move to enhance access to mental health services across the region, Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has launched four specialist mental health centers under its mental health and wellbeing platform, Alkalma, through the integration of Aspris Healthcare facilities. The centers, located in Dubai's City Walk and Dubai Healthcare City, Abu Dhabi's Al Bateen, and Riyadh's King Abdullah Financial District, are recognized for delivering personalized, adaptable mental healthcare across a wide spectrum of psychological needs. These newly integrated centers deliver personalized care through a range of therapy formats, including individual, group, and family sessions, now aligned with Alkalma's mission to build a value-driven mental healthcare ecosystem rooted in prevention, accessibility, and overall wellbeing. Together, the four centers offer a combined annual capacity of approximately 90,000 consultations. Although mental health conditions affect up to one in five individuals annually, they account for less than 5% of total health spending across the region. This underinvestment is compounded by a persistent shortage of clinical professionals and limited access to integrated networks, highlighting a critical gap that Alkalma is designed to address. This launch marks the first phase of a multi-year expansion strategy. By establishing a presence in major urban markets and aligning operations with Keralty's globally validated, value-based care models, Alkalma is laying the foundation for a scalable platform positioned to meet rising demand and deliver measurable health and economic outcomes. John Sunil, Chief Executive Officer of Burjeel Holdings, said: 'Integrating these centers into our ecosystem marks a pivotal step in realizing our vision for a regional mental health platform rooted in Alkalma's values of clinical excellence and inclusivity. It enables us to expand access to high-quality care while accelerating the delivery of outcomes that matter to patients and health systems alike.' Alkalma was launched as a strategic joint venture between Burjeel Holdings and Colombia-based healthcare leader Keralty, a global organization with nearly five decades of experience in value-based care. As a founding partner, Keralty brings deep expertise in delivering integrated mental health and primary care services across nine countries, including the U.S., supporting over 500,000 individuals globally in behavioral health. Dr. Emilio Herrera, CEO of Alkalma, said: 'At Alkalma, we believe a healthcare system is defined by how it supports those most in need. There is no health without mental health. Establishing our presence in the UAE and Saudi Arabia reflects our commitment to advancing national priorities and bringing the best scientific evidence, the highest quality of care, to serve the community. This is only the beginning.' Shorooq, a leading regional investment manager, facilitated the strategic integration of Aspris Healthcare facilities. Mahmoud Adi, Founding Partner at Shorooq, said: 'We are proud to see these facilities become foundational to a regionally integrated mental health ecosystem. We believe private equity can be a transformative force in sectors that touch people's lives.' In the coming months, Alkalma will fully integrate these centers under a unified brand, expand clinical capacity, and launch a digital mental-health platform to reach under-served populations. Further centers in new communities across the UAE and Saudi Arabia are under review as part of the JV's regional scale-up plan. Alkalma is positioned to play a defining role in shaping the region's next-generation mental health ecosystem, delivering value across patients, systems and stakeholders.
Entrepreneur
4 hours ago
- Business
- Entrepreneur
Thriving on Agility: Ali Al Gebely, Founder and Chairman, ONE Development
It took less than a month for ONE Development to sell out Phase 1 of its new Laguna Residence development. But for Ali Al Gebely, this is just the beginning. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Phase 1 of Laguna Residence sold out in less than a month after launch. Were you surprised by such a strong performance? The swift sell-out of Phase 1 of Laguna Residence in under a month was a significant milestone, yet it aligned with our expectations. This success underscores the trust and confidence that both local and international investors place in ONE Development's vision and execution capabilities. It reflects our strong understanding of the market dynamics and its readiness for innovative, AI-integrated living spaces. This achievement has encouraged our teams to deliver exceptional developments that meet and exceed our clients' evolving expectations. Can you expand on the new showroom in Abu Dhabi – the key features that make it such an important step forward? Our new showroom on Saadiyat Island represents a pivotal step in our expansion across the UAE. Strategically located in the capital Abu Dhabi's cultural and lifestyle hub, the showroom embodies ONE Development's commitment to innovation and personalised client experiences. The showroom is designed to provide an immersive experience, featuring advanced displays, carefully selected design elements, and interactive spaces. It serves as a gateway for clients to explore our unique approach to boutique real estate, allowing them to experience firsthand the quality and innovation characterising our projects. ONE Development is a newcomer to the property scene yet has managed to make a huge impact already. What are the reasons for this? ONE Development thrives on agility and a client-centric approach. Our focus is on delivering tailored, high-quality experiences that resonate with today's discerning residents. We differentiate ourselves in a competitive market by integrating advanced technologies and sustainable practices. Our developments, like Laguna Residence, exemplify this philosophy by blending innovative design, lifestyle amenities, and AI-powered solutions to create communities that foster connection, comfort, and a sense of home. How do you see the company evolve over the next five years, and what are the biggest obstacles you see to growth? Over the next five years, ONE Development aims to lead the transformation of community living by prioritizing connection, sustainability, and innovation. Our vision is to redefine the boutique real estate segment, setting new benchmarks for residential experiences through tech-driven, customer-centric design. This strategy is now extending beyond the UAE, marked by our recent international expansion with the launch of DO New Cairo in Egypt, and upcoming developments in Saudi Arabia and Europe by the end of the year laying the foundation for a truly global presence and a future shaped by visionary living. Laguna Residence is very well known for its integration of AI and other technological advancements. However, these industries are fast-moving. Do you have a vision for the type of home we will be living in ten years from now? Laguna Residence represents our vision for the future of living, where AI and technology seamlessly integrate into daily life. Through an innovative app, residents enjoy automated home management, personalised services, and intelligent facility control, all powered by AI. This ensures an efficient, smart, and connected lifestyle, elevating everyday living to new heights. Looking ahead, we envision homes that adapt to residents' needs in real time, utilising AI to enhance comfort, security, and sustainability. Our commitment is to continue pioneering advancements that redefine residential living, ensuring our communities remain at the forefront of innovation. Can you share how the concept of DO Hotels & Residences was born through your collaboration with the iconic Amr Diab? The idea was developed from a shared vision to create something that didn't exist—a hospitality experience that truly moves people. Amr Diab brought the soul: his global energy, passion for music, and timeless influence. We brought our expertise in designing spaces that inspire and connect. Together, we envisioned a new brand that blends music, wellness, and technology into an immersive lifestyle journey. This vision took shape with the launch of DO Dubai on Dubai Islands, followed by our first international debut with DO New Cairo in Egypt. By the end of the year, we are set to expand further into Riyadh and Greece, marking the beginning of a global footprint for DO Hotels & Residences. You will be aware of the record sales numbers for the Dubai property market in Q1 – what do you see as the reasons for this? Dubai's record Q1 property sales were driven by strong international investment, government visa reforms, limited supply in prime areas, and growing demand for branded, lifestyle-centric developments. Economic stability, population growth, and a global shift toward secure, high-yield assets further fueled momentum. ONE Development is well-positioned within this landscape, catering to demand for premium, design-led real estate in strategic locations. What were the key factors you believe in driving the sales for Laguna Residence? Laguna Residence's success stems from its pioneering AI integrated residential concept, the UAE's first of its kind, offering personalized, tech-enhanced living. It also features the region's largest sandy beach lagoon on a podium, framed by lush landscaping and panoramic skyline views—creating a resort like environment that appeals to modern urban buyers. The offering of diverse, meticulously designed units—from studios to Sky homes combined with over 40 world-class amenities, enhances its broad market appeal. Strong demand was further driven by a globally diversified investor base and strategic international partnerships. Related: How ONE Development Founder and Chairman Ali Al Gebely Took The Dubai Real Estate Market By Storm
