Business
Alpha Dhabi profit jumps 48%
AI and technology investments boost earnings.
- First-half revenue rose 5 percent to $10.24 billion, while adjusted EBITDA increased 7 percent to $2.53 billion year-over-year.
- Fair value investment gains reached $1.01 billion, driven by holdings in SpaceX, Cerebras and Anthropic alongside portfolio diversification efforts.
Business
Agthia profit, dividend jump
Transformation lifts earnings, cash generation.
- First-half revenue rose 7.4 percent to $708 million, while EBITDA increased 35.8 percent as margins expanded significantly.
- Free cash flow reached $142 million, net debt leverage declined sharply, prompting a 14.4 percent higher interim dividend recommendation.
Analysis
GCC lenders should reassess credit risks continuously
Today's environment calls for continuous reassessment rather than periodic review. Institutions need to challenge assumptions, stress-test portfolios against multiple scenarios,...
- KPMG urges GCC financial institutions to strengthen credit resilience through scenario analysis, governance and dynamic portfolio monitoring amid uncertainty.
- Analysis identifies retail, corporate and commercial real estate portfolios as key pressure points under prolonged geopolitical and economic disruption.
Business
Emirates NBD to acquire retail banking business of HSBC Egypt
Dubai, UAE -- Emirates NBD Egypt S.A.E., a 100 percent owned subsidiary of Emirates NBD Bank has entered into definitive...
- Emirates NBD Egypt will acquire HSBC Egypt’s retail banking portfolio along with the associated branch and ATM network, customer base and relevant employee base.
- The transaction is expected to enhance Emirates NBD Egypt's market positioning as a leading retail and premium banking franchise in Egypt.
Business
Aldar records $408 million sales from Yas Point residential launch
Dubai, UAE -- Aldar said it generated AED1.5 billion ($408 million) in sales from the launch of The Canopies, the...
- First-time Aldar buyers accounted for 84 percent of customers, with UAE nationals representing 40 percent of total sales.
- Expatriate residents and overseas buyers contributed 60 percent of sales, while 47 percent of buyers were under 45.
Business
DFM reports higher H1 trading activity as profit reaches $121 million
Dubai, UAE -- Dubai Financial Market (DFM) reported a net profit before tax of AED443.2 million ($121 million) for the...
- Average daily traded value climbed 45.1 percent to AED1.004 billion as average daily trades increased 35.4 percent year-on-year.
- DFM attracted 42,864 new investors, with international investors representing 71.4 percent of registrations and foreign trading reaching 51 percent.
Business
2PointZero reports strong H1
Expansion drives earnings, revenue growth.
- Group completed TAQA stake sale and acquired Traverse Midstream Partners, expanding North American energy infrastructure footprint.
- Investments in Tendam, ISEM Packaging and WHOOP supported growth as shares gained wider market visibility through ADX derivatives listing.
Business
Borouge profit climbs 23%
Prices, recovery boost quarterly earnings
- Borouge restored full production availability ahead of schedule after April Ruwais incident, maintaining customer deliveries through alternative logistics routes.
- Company maintained annual dividend intention as Borouge 4 expansion and Borouge International integration advanced despite regional disruptions.
e& posts 11.6% revenue growth
The H1 net profit hits $1.63 billion.
- Earnings before interest, tax, depreciation and amortisation (EBITDA) reached AED17.7 billion, up 13.1 percent year-on-year.
- The Group also completed the sale of 12.5 percent of its 50.03 percent stake in Careem Technologies to Uber for a total consideration of AED367 million.
Business
TECOM profit up 9%
Revenue, occupancy drive earnings higher
- Occupancy reached 97 percent as demand for Grade-A offices, industrial assets and land leases supported higher rental income.
- Board approved AED440 million interim dividend while funds from operations climbed 12 percent on diversified revenue streams.
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Empower profit climbs 16%
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Burjeel profit nearly doubles
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Salik profit slips in H1
Business
Alpha Dhabi profit jumps 48%
Business
Agthia profit, dividend jump
Business
GCC lenders should reassess credit risks continuously
Today's environment calls for continuous reassessment rather than periodic review. Institutions need to challenge assumptions, stress-test portfolios against multiple scenarios,...
Analysis
Emirates NBD to acquire retail banking business of HSBC Egypt
Dubai, UAE -- Emirates NBD Egypt S.A.E., a 100 percent owned subsidiary of Emirates NBD Bank has entered into definitive...
Business
Aldar records $408 million sales from Yas Point residential launch
Dubai, UAE -- Aldar said it generated AED1.5 billion ($408 million) in sales from the launch of The Canopies, the...
Business
Most Read
Business
2PointZero reports strong H1
Expansion drives earnings, revenue growth.
- Group completed TAQA stake sale and acquired Traverse Midstream Partners, expanding North American energy infrastructure footprint.
- Investments in Tendam, ISEM Packaging and WHOOP supported growth as shares gained wider market visibility through ADX derivatives listing.
Business
Borouge profit climbs 23%
Prices, recovery boost quarterly earnings
- Borouge restored full production availability ahead of schedule after April Ruwais incident, maintaining customer deliveries through alternative logistics routes.
- Company maintained annual dividend intention as Borouge 4 expansion and Borouge International integration advanced despite regional disruptions.
e& posts 11.6% revenue growth
The H1 net profit hits $1.63 billion.
- Earnings before interest, tax, depreciation and amortisation (EBITDA) reached AED17.7 billion, up 13.1 percent year-on-year.
- The Group also completed the sale of 12.5 percent of its 50.03 percent stake in Careem Technologies to Uber for a total consideration of AED367 million.