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Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, hosted a technical study tour on district cooling in Dubai, organized by the United Nations Environment Program (UNEP) on July 15th and 17th, 2024. The tour included high-level delegates from the governments of Tunisia, Morocco, and Punjab (Pakistan), with funding support from the Government of Italy. The event, part of the UNEP-led Cool Coalition, featured workshops, training, and discussions on district cooling in Dubai and Abu Dhabi. Participants included UNEP representatives, Empower's management team led by CEO Ahmad bin Shafar, and virtual participation by Rob Thornton, President and CEO of the International District Energy Association (IDEA), among others. The tour also included a visit to Empower's district cooling plant in Dubai's Business Bay area to demonstrate the practical operations and the integration of AI and advanced technologies in district cooling. The initiative reflects UAE's and Dubai's commitment to sharing expertise for a better global future.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on AJMANBANK shares starting from 9:30 AM as its BOD meeting is being held today, 18-07-2024 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates NBD PJSC
Disclosure: Press release regarding financial results for the First Half of 2024

Emirates NBD reported a record profit of AED 13.8 billion in the first half of 2024, a 12% increase year-on-year, driven by strong lending growth and substantial impaired loan recoveries. The bank's lending grew by 6%, surpassing AED 500 billion for the first time. All business units performed exceptionally well, with significant achievements in retail lending, UAE credit card market share, and a 41% year-on-year increase in Assets Under Management. Corporate lending originated AED 48 billion in new loans, contributing to the bank's robust capital ratios and solid balance sheet. Key highlights include a total income of AED 21.4 billion, a 3.65% net interest margin, and record profits from Emirates Islamic. Earnings per share rose by 13% to 214 fils.

1. Disclosure: Press release regarding financial results for the First Half of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates NBD PJSC
Disclosure: Financial statements for the 2n QTR of 2024

Emirates NBD Bank (P.J.S.C.) has released its group condensed consolidated interim financial statements for the six-month period ending June 30, 2024.

1. Disclosure: Financial statements for the 2n QTR of 2024 2. Disclosure: Financial statements for the 2n QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates NBD PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Islamic Bank PJSC
Disclosure: Press release regarding financial results for the First Half of 2024

Emirates Islamic reported a record profit of AED 1.7 billion for the first half of 2024, marking a 37% increase from the previous year. The bank's total assets surpassed AED 100 billion, reflecting a 16% growth. Total income rose by 15% to AED 2.7 billion, while operating profits increased by 40%. Expenses decreased by 20%, and impairment allowances dropped by 46%. The bank's net profit margin stood at 4.56%, and the cost-to-income ratio was 28.8%. Emirates Islamic's capital and liquidity remained strong, with a Common Equity Tier 1 ratio of 18.4% and a capital adequacy ratio of 19.6%. The bank received several awards, including 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024.

1. Disclosure: Press release regarding financial results for the First Half of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Islamic Bank PJSC
Disclosure: Financial statements for the 2n QTR of 2024

Emirates Islamic Bank (Public Joint Stock Company) has released its unaudited group condensed consolidated interim financial statements for the six-month period ending on 30 June 2024. The bank's head office is located on the 3rd floor of Building 16 in Dubai Health Care City, Dubai, United Arab Emirates. Contact information includes a telephone number (+971 600599995), fax number (+971 4 3582659), and the website www.emiratesislamic.ae. The bank's P.O. Box number is 6564.

1. Disclosure: Financial statements for the 2n QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Islamic Bank PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From OOREDOO
Disclosures: Ooredoo to disclose its Half Year ended on 30 June 2024 (1H 2024) Financial results on, 30 July 2024, Investor call on 05 August 2024O

Ooredoo Q.P.S.C. will disclose its financial results for the first half of 2024 on July 30, 2024, following a financial review meeting at 13:30. A conference call to discuss the results is scheduled for August 5, 2024, with the presentation available on the company's website. The call will take place at 14:00 Doha time, 15:00 UAE time, 12:00 UK time, and 07:00 NYC time. Registration for the call is required. Ooredoo operates in the Middle East, North Africa, and Southeast Asia, serving consumers and businesses in nine countries. As of December 31, 2023, Ooredoo generated revenues of QAR 23 billion, with shares listed on the Qatar and Abu Dhabi stock exchanges.

1. Disclosures: Ooredoo to disclose its Half Year ended on 30 June 2024 (1H 2024) Financial results on, 30 July 2024, Investor call on 05 August 2024O

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From PALMS SPORTS PrJSC
Disclosures: PALMS SPORTS PrJSC Financial Results for the Period Ended June 30,2024

1. Disclosures: PALMS SPORTS PrJSC Financial Results for the Period Ended June 30,2024

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