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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

CBI 2023 net profit at $46.5m

CBI said that as customers’ needs evolve in the year ahead, they will continue to push the boundaries of our services.
  • The customer deposits increased from US$3.3 billion in 2022 to US$3.4 billion in 2023.
  • The capital adequacy ratio increased from 14.4 percent in 2022 to 15.2 percent in 2023.

DUBAI, UAE – Commercial Bank International (CBI) has said that its annual net profit increased 14 percent from US$40.8 million (AED 150 million) in 2022 to US$46.5 million (AED 171 million) in 2023.

The customer deposits increased from US$3.3 billion (AED 12.2 billion) in 2022 to US$3.4 billion (AED 12.6 billion) in 2023, representing a year-on-year growth of 3 percent, a press release said.

The capital adequacy ratio increased from 14.4 percent in 2022 to 15.2 percent in 2023.

Commenting on the bank’s performance, Ali Sultan Rakkad Al Amri, CEO of Commercial Bank International said, “We take great pride in our commitment to providing our customers with exceptional customer service; it is a cornerstone of our corporate strategy.”

He said, “By strongly focusing on our client relationships while simultaneously pursuing innovative ways of working, we have been able to deliver solid results in 2023. As our customers’ needs evolve in the year ahead, we will continue to push the boundaries of our services and ultimately, our customer experience.”

He added, “Our goal to empower our customers to realize their ambitions remains steadfast, as does our dedication to supporting further growth of the UAE economy.”