Search For "aed"
UAE: Agthia Group reports 32 pc net profit growth in Q1-24
Updated : 1 year, 10 months ago IST
Agthia Group PJSC ("Agthia" or "the Group"), today said that its net profit grew 32 per cent year-on-year to AED127.6 million. The Group net profit margin expanded by 63bps to stand at 8.8 per cent, notwithstanding FX headwinds and the introduction of income tax in the UAE.
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UAE: 'Jaywan' poised to generate savings of up to AED1 billion
Updated : 1 year, 10 months ago IST
Abdulaziz Al Ghurair, Chairman of the UAE Banks Federation (UBF), affirmed that the national domestic card scheme, Jaywan, is poised to generate substantial financial savings for numerous companies and retailers across the country, amounting to AED 1 billion compared to conventional cards su
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Emirates Group records full-year profit of AED18.7 billion
Updated : 1 year, 10 months ago IST
For the financial year ended 31st March 2024, the Emirates Group posted a record profit of AED18.7 billion (USD 5.1 billion), up 71 per cent compared with an AED10.9 billion (USD 3.0 billion) profit for last year. The Group's revenue was AED137.3 billion (USD 37.4 billion), an increase of 15
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UAE: Burjeel holdings reports revenue growth of 11.1 per cent in Q1 2024
Updated : 1 year, 10 months ago IST
Burjeel Holdings PLC today announced its financial results in accordance with International Financial Reporting Standards (IFRS) for the three-month period ended 31st March 2024, delivering revenue growth of 11.1 per cent to AED 1.2 billion in Q1 2024.
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IHC records net profit of AED8 billion in Q1 2024, launches AED5 billion S
Updated : 1 year, 10 months ago IST
International Holding Company (IHC) announced an 87.6 per cent growth for the first quarter of 2024 (Q1 2024), with AED 8 billion in net profit, compared to AED 4.3 billion in Q1 2023, showcasing significant growth and a steadfast commitment to enhancing shareholder value.
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CBI profit grows 19 per cent to AED40.4 million in Q1 2024
Updated : 1 year, 10 months ago IST
Commercial Bank International (CBI) has announced its financial results for the first quarter of 2024, logging a 19 per cent net profit before tax growth from AED34 million in Q1 2023 to AED40.4 million in Q1 2024.
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UAE Fund Transfer System processed transactions worth AED3 trillion in Jan
Updated : 1 year, 10 months ago IST
The gross value of interbank fund transfers through the UAE Fund Transfer System (UAEFTS) rose to more than AED 3 trillion during January and February 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE)
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Gross banks' assets exceed AED 4.2 trillion milestone in February 2024: CB
Updated : 1 year, 10 months ago IST
Gross banks' assets in the country surpassed the AED4.2 trillion mark by the end February 2024, for the first time in its history, according to the latest statistics from the Central Bank of the United Arab Emirates (CBUAE).
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'The Giving Movement' donates over AED3 million to Dubai Cares to provide
Updated : 1 year, 10 months ago IST
The Giving Movement, a UAE-based eco-friendly clothing brand, has donated over AED3 million to Dubai Cares since the beginning of the conflict in Gaza to provide emergency relief.
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Mohammed bin Rashid approves designs, start of work on new AED128 billion
Updated : 1 year, 10 months ago IST
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the strategic plan of the Dubai Aviation Engineering Projects and approved designs for the new passenger terminal at Al Maktoum International Airport, which will be the largest in the world whe
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ADDED reveals AED11 billion investment opportunities in transportation ind
Updated : 1 year, 10 months ago IST
The Abu Dhabi Department of Economic Development (ADDED) has issued a new guide outlining investment opportunities with high growth potential in Abu Dhabi's transportation industries.
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UAE Cabinet allocates AED2 billion to stand by UAE citizens with rain-dama
Updated : 1 year, 10 months ago IST
The UAE Cabinet has approved an AED2 billion package to address the damage suffered by the citizens' homes during the recent severe weather conditions.
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