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- Where Things Stand in the US-China Trade War
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- OQEP announces net profit exceeding OMR74.9 million
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- Dubai: Emaar Development records 28% growth in property sales
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26/03/2025 07:34 AST
Emaar Properties' Annual General Meeting (AGM) on Wednesday approved 100 per cent dividend payout for 2024, amounting to Dh8.8 billion.
This follows the introduction of Emaar's updated dividend policy in December 2024. The meeting also included the approval of the auditor's report for 2024 and the board's report on the company's activities and financial position.
Emaar recorded property sales of approximately Dh70 billion in 2024, representing a 72 per cent increase compared to 2023.
Emaar's revenue backlog from property sales exceeded Dh110 billion, supporting future revenue generation.
Total revenue for 2024 reached Dh35.5 billion, marking a 33 per cent year-over-year increase, while net profit before tax grew by 25 per cent to Dh18.9 billion. EBITDA for the year stood at Dh19.3 billion, with a margin of 54 per cent.
"Emaar's 2024 results reflect our dedication to operational excellence, innovation, and customer experience. As we move forward, we remain committed to sustainable and technology-driven growth, further enhancing Dubai's position as a leading global destination for investment and development while aligning with the UAE's Net Zero 2050 vision," said Mohamed Alabbar, founder of Emaar Properties.
Khaleej Times
09/05/2025
US and Chinese officials meet this weekend in Geneva for their first formal talks aimed at resolving a grueling tit-for-tat tariff war that threatens hundreds of billions in trade and roiled global m
Asharq Al Awsat
09/05/2025
Bahrain All Share Index has closed at 1,917.13 points, marking an increase of 5.59 points above the previous closing.
This increase was due to a rise in the communication service sector, the
BNA
07/05/2025
The UAE Cabinet on Tuesday set up a strategy for Islamic Finance and the Halal Industry, which aims to increase the assets of the country's Islamic banks from Dh986 billion to Dh2.56 trillion within
Khaleej Times
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09/05/2025
Zain Group, a leading provider of innovative ICT and digital lifestyle services operating in eight markets across the Middle East and Africa, concluded a captivating 'Data and AI' three-day workshop,
Kuwait Times
09/05/2025
Damac Properties has officially revealed Chelsea Residences by Damac, the iconic residential development born of its landmark global partnership with, Chelsea F.C.
Located in Dubai Maritim
Khaleej Times
09/05/2025
OQ Exploration and Production Company (OQEP) announced net profit exceeding OMR74.9 million ($194.7 million) during the first quarter of 2025. EBITDA reached OMR152.7 million ($397.1 million).
ONA
09/05/2025
Dubai Taxi Company on Thursday reported a five per cent in first quarter revenue to Dh588.3 million, with strong underlying performance across its core business lines.
DTC's taxi segment rev
Khaleej Times
09/05/2025
Emaar Development, the UAE's premier property developer, and a majority-owned subsidiary of Emaar Properties, on Thursday reported first quarter net profit before tax of Dh2.8 billion; an increase of
Khaleej Times
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