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Mubadala-backed Reef, Americana team up to open cloud kitchens

  ABU DHABI / WAM Reef, the largest operator of delivery kitchens, logistics, and proximity hubs in North America, and Americana Group (Americana), the largest food & beverage operator in the Middle East region, announced a joint venture to open cloud kitchens that will operate Reef, Americana and third party brands throughout the Middle East and North Africa. “As Reef ...

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Dana Gas’s collections in 2021 up 107% to $377m

  SHARJAH / WAM Dana Gas has announced that its collections from the KRI and Egypt rises 107% year-on-year in 2021 to $377 million (AED1.38 billion) from $182 million (AED 667 million) in 2020, enhanced by a strong rebound in oil prices, an accelerated pace of payments from Egypt and the settlement of past outstanding KRI receivables. Dana Gas, which ...

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Arada posts 38% rise in sales in 2021

  Sharjah / Gulf Time Arada reported a strong sales performance for 2021, thanks to successful new project launches and a resurgence in the overall property market in both Sharjah and the wider UAE. The developer posted a 38% increase in sales to AED2.41 billion during 2021 in comparison to the previous year. In total, Arada sold 2,488 homes in ...

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