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Company News, Business

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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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