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The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the six-month period ending on June 30, 2025.
Amlak Finance PJSC announced the early and complete settlement of its outstanding financial obligations by paying AED 898 million to the remaining six financiers, ahead of the contractual schedule set for October 2026. This settlement marks the full resolution of AED 10.2 billion with 29 financiers since the 2014 restructuring under the Common Terms Agreement. The Board of Directors and leadership team played a crucial role in overcoming the challenges related to these financial obligations. Strategic actions, including the sale of land assets, facilitated this early settlement. CEO Arif Albastaki highlighted that this achievement reflects Amlak's commitment to financial stability and positions the company to focus on growth opportunities and transformation. Amlak aims to maintain a focus on innovation, efficiency, and sustainable growth, creating long-term value for shareholders.
The Dubai Financial Market has announced the expiry settlement price for the Micro GME Oman Crude Oil Futures contracts expiring in July 2025. The settlement price for the contract series code OMOIL U25 is 71.33 USD, with the contract ID (ISIN) OIL240725001. This information is available on the Dubai Financial Market's website. The document includes a disclaimer stating that the information is subject to change and emphasizes that it is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Mashreqbank PSC has scheduled a Board of Directors meeting on Tuesday, 29th July 2025, at 11:00 am. The agenda includes approval of the minutes from the previous meeting held on 30th May 2025, approval of the bank’s financial statements for the second quarter ending 30th June 2025, discussion of normal business activities, and any other business matters. The notice is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.
Emirates NBD's income rose by 12% to AED 23.9 billion in the first half of 2025, driven by strong loan growth, regional expansion, and innovative product offerings. The bank's lending increased by AED 41 billion (8%), and deposits grew by AED 70 billion (10%), with a significant rise in low-cost Current and Savings Account balances. Operating profit increased by 9%, as the growth in loans and deposits offset earlier interest rate cuts. Emirates Islamic, a part of the group, reported a record profit of AED 1.9 billion, highlighting its strong position in the UAE's Islamic banking sector. The group's strategic investments in regional expansion, digital initiatives, and GenAI contributed to income growth, despite lower interest rates. Key figures for the first half of 2025 include a 9% increase in operating profit, a 12% rise in income, and an 8% growth in loans. Deposits increased by AED 70 billion, with a notable AED 48 billion increase in Current and Savings Accounts. The impaired loan ratio improved to 2.8%, and the bank reported a profit before tax of AED 15.4 billion, with a profit of AED 12.5 billion, expenses of AED 7.3 billion, and a net interest margin of 3.47%. The cost to income ratio was 30.3%, and the CET-1 ratio stood at 14.7%.