It also reported a 73% increase in its operating profit during the period to AED5.6 billion from AED3.2 billion in 9 months of 2022
financial results
Latest in financial results
banking
Dubai: DIFC reports record growth in H1 2023 with 23% rise in new business registrations
Fintech booms in Dubai during the first half of 2023 as DIFC witnesses a 35% surge in innovative companies
Abu Dhabi
Digital innovations help drive ADCB to record $1.75bn net profit
It’s an increase of 23 percent compared to FY 2021; The bank also recommended a dividend of AED0.55 per share, up from AED0.37 last year
banking business
Sharjah Islamic Bank records 27% jump in net profit in 2022 to reach AED650.9mn
The bank said despite the continuous rise in global interest rates and inflation rates in addition to fierce competition in the business environment, its adaptive and flexible strategy helped it to achieve strong financial results
Dubai
TECOM Group’s half-year profit up 43 percent after Dubai IPO
The company, which was recently listed on the Dubai Financial Market (DFM), saw a double-digit growth in revenue
banking business
Standard Chartered Bank reports a record first-quarter performance in the Middle East and Africa region
The bank recorded 59 percent growth in its operating profit, with the operating profit for a single quarter crossing $300 million for the first time in nearly a decade
Aramex
Dubai’s Aramex’s sees net-profits slide 14% despite rise in revenues
Revenues for the first nine months of 2021 reached $1.26bn up from $1.06bn for the same period last year
Aldar
Aldar Q3 gross profit surges 20% following record development sales
Abu Dhabi real estate giant’s Q3 gross profit rose to $227m, supported by record quarterly development sales of $732.3m
Ajman Bank
Ajman Bank reports $24.5m profit for third quarter
Bank announced 61 percent increase in profits from Q3 2020, while net operating income was up 12 percent year-on-year
covid-19
Saudi retail major returns to profitability following five quarters of losses
Fawaz Abdulaziz Alhokair Co reports net profit of $12.2m for the quarter ended June 30
Aramex
Dubai’s Aramex sees profits slide 31% amid digital investment and Covid impact
According to an official statement from the company, revenues increased 23% year-on-year
Bahrain Bourse
Bahrain’s Investcorp turns 2020 deficit into $124m profit
Latest results for 2021 revealed as global investment manager continues to show resilience to Covid-19 impact with 17% growth in AUM
financial results
RAK Properties reveals 348% increase in net profits for H1 2021
Real-estate developer also recorded a 121% rise in revenues for the first half of the year
covid-19
DAFZA eyes post-Covid recovery following significant growth in sales revenues
Free zone recorded an 88.4% increase in the number of registered companies for first six months of 2021
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banking
First Abu Dhabi Bank reveals 11% hike in H1 profits
Bank has announced profits of $1.47bn for the first six months of the year
banking
Dubai Islamic Bank improves profitability, total income up 5%
Second largest Islamic bank in the world has group assets in excess of $80bn and a market capitalisation of $9bn
banking
Dubai-based Emirates NBD posts 17% jump in profits
Emirate’s biggest bank’s total income for the first half of 2021 was up 9% to $3.1bn over the first six months of the year due to increased transactional activity and stable net interest margins