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Company News, Business

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Emirates Islamic Q1 profit $394m

The bank's quarterly profit surpassed the AED 1bn mark for the first time. (WAM)
By TRENDS Desk
April 22, 2025 10:24 pm
  • Total income rose 8 percent year-on-year to AED1.45 billion ($394 million) in Q1 2025.
  • Operating profit increased by 5 percent compared to Q1 2024, while the net profit margin remained robust at 3.85 percent.

Dubai, UAE — Emirates Islamic’s quarterly profit surpassed the AED1 billion milestone for the first time, growing 24 percent year-on-year compared to the same period last year.

The strong performance was supported by continued positive business sentiment in the UAE, which drove both funded and non-funded income higher. Total income rose 8 percent year-on-year to AED1.45 billion ($394 million) in Q1 2025.

Operating profit increased by 5 percent compared to Q1 2024, while the net profit margin remained robust at 3.85 percent.

Total assets climbed 11 percent to AED 123 billion during the first quarter. Customer financing grew by 7 percent to AED 75 billion, and customer deposits rose by 8 percent to reach AED 83 billion.

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