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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 NBD H1 profit $3.40bn

Operating profit grew 9 percent as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts. (WAM)
By TRENDS Desk
July 24, 2025 9:33 pm
  • Lending increased by AED41 billion, or 8 percent, during the first half of 2025, fueled by very strong demand both in the UAE and across its growing international network.
  • Operating profit grew 9 percent as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts.

Dubai, UAE — Emirates NBD reported a profit of AED 12.5 billion ($3.40bn) for the first half of 2025, compared to AED13.8 billion during the same period in 2024. Profit before tax stood at AED15.4 billion compared to AED15.9 billion a year earlier.

Total income rose 12 percent to AED23.9 billion on strong loan growth, regional expansion and innovative product offering.

Lending increased by AED41 billion, or 8 percent, during the first half of 2025, fueled by very strong demand both in the UAE and across its growing international network.

Customer deposits grew by AED70 billion, or 10 percent, in the first half of 2025, propelled by a record AED48 billion increase in low-cost Current and Savings Account balances.

Operating profit grew 9 percent as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts.

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