Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED25.7 billion during the first five months of 2024, according to the latest figures released by the Central Bank of the United Arab Emirates (CBUAE).
Tag: UAE
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Emaar Properties’ revenues reach AED14.4 billion in H1-24
Emaar Properties has released its financial results for the first half of 2024, reporting total revenue of AED14.4 billion ($3.9 billion) and a net profit before tax of AED7.8 billion ($2.1 billion), achieving growth of 17% and 33%, respectively over the same period last year.
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ADNOC Distribution reports net profit of $170 million in Q2 2024
ADNOC Distribution today announced its financial results for the second quarter of 2024. The Company reported a 15.0% YoY increase to $267 million in Q2 2024 EBITDA, and a 12.9% YoY rise in net profit to $170 million.
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Director of MoFA Dubai Office receives credentials of Indonesian Consul-General
Sheikh Maktoum bin Butti Al Maktoum, Director of Ministry of Foreign Affairs (MoFA) Dubai Office, has met with Denny Lesmana, Consul-General of the Republic of Indonesia in Dubai, and received his credentials.
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UAE Ambassador explores strengthening technological cooperation with Colombia
In an effort to further strengthen bilateral relations and cooperation between the UAE and the Republic of Colombia, Mohammed Abdullah Al Shamsi, UAE Ambassador to Colombia, held a meeting with Yesenia OlayaRequene, Minister of Science, Technology, and Innovation of Colombia.
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Etihad Airways reports 48% increase in profits to AED851 million in H1-24
Etihad Airways today announced its H1 2024 results, recording a 48 percent increase in profit after tax achieving AED851 million (US$232 million), a significant increase from AED575 million (US$157 million) in H1 2023.
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Thani bin Ahmed Al Zeyoudi appointed as Chairman of Rorix Holdings
International Holding Company (IHC) has announced the appointment of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, as Executive Chairman of Rorix Holdings.
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DIFC, Ripple to accelerate adoption of Blockchain technology
Ripple, a specialised enterprise in blockchain and crypto solutions, has announced plans to partner with DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC) to accelerate blockchain and digital asset innovation in the UAE.
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EWEC launches Clean Energy Certificates for first time
Emirates Water and Electricity Company (EWEC) today announced the introduction of Clean Energy Certificates (CECs) for energy generated by the UAE's utility-scale Wind Programme.
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Dubai Future Academy launches ‘FEEL: Disruptive Futures Programme’
Dubai Future Academy, an initiative of Dubai Future Foundation, announced today the launch of "FEEL: A Disruptive Futures Programme," an international initiative that is the first of its kind in the region.