INSEAD Day 4 - 728x90

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

MYCRANE expands to India

MYCRANE service will be operated in India by Mumbai-based Sahil Freight Express Pvt Ltd.
  • The franchise partnership agreement was between MYCRANE and Sahil Freight Express Pvt Ltd was signed at Expo 2020 Dubai
  • The crane market in India is expected to grow strongly in the coming years due to the expansion of roads and metro railways

MYCRANE has announced in a statement the appointment of an exclusive pan-India franchisee.

The free-to-use MYCRANE service would be operated in India by Mumbai-based Sahil Freight Express Pvt Ltd, which was established in 1986, said the Dubai-based firm that claims it is the world’s first digital platform for the search and selection of cranes.

The franchise partnership agreement was reportedly signed at Expo 2020 Dubai by MYCRANE founder and director Andrei Geikalo and Suhail Shaikh, the chairman and managing director of Sahil Freight Express Pvt Ltd.

The crane market in India is expected to grow strongly in the coming years as the ongoing expansion of roads and metro railways and the routine maintenance and upgrading of oil refineries, cement, and power plants all drive demand.

Andrei Geikalo was quoted by the statement as saying : “India has one of the fastest digitizing economies in the world, as well as a very positive outlook for the Indian cranes and construction sector, so we are delighted to be opening the MYCRANE service in the country”.

Suhail Shaikh, the chairman and managing director of Sahil Freight Express Pvt Ltd, remarked: “the crane market in India is expected to be very strong in the coming years and MYCRANE has a huge opportunity to make life easier for those seeking crane rental services.”

MYCRANE operates on a franchise basis and has reportedly invited enquiries from entrepreneurs who are interested in operating the service in their home markets.