All posts by uaenews247

Salik Reports AED 1.53 billion Revenue in H1 2025, Up 39.5% YoY; FY 2025 Guidance Upgraded

Board Proposes Dividend of AED 770.9 million (AED0.10278 per share)

EBITDA of AED 1.07 billion in H1 2025,up 44.2% YoY

Total chargeable trips reached318.4million in H1 2025

Net profit for the periodgrew41.5% YoYto AED 770.9 million

 

13August2025: Salik Company PJSC (“Salik” or the“Company”), Dubai’s exclusive toll gate operator, today announced its financial results for the three-monthand six-month periods ended June 30, 2025 (“Q2 2025” and “H1 2025”). Total revenue for H1 2025 increased 39.5% YoY to AED 1,527.3 million, supported by a 45.6% YoY increase inQ2 2025. EBITDA grew 44.2% in H1 2025 to AED 1,065.0 million with an EBITDA margin of69.7%.The solid results were driven by the two new gates introduced in November 2024 amidst an overall positive macro environment and the implementation of variable pricing which came into effect at the end of January 2025, with Q2 marking the first full quarter of the new variable pricing system. InSalik’score tolling business, total chargeable trips reached 318.4 million in H1 2025, with total chargeable tripsof160.4 million in Q2 2025, a 1.6%increase versus 158.0 million in Q1 2025. This was despite Q1 being a seasonally stronger period for Salik compared to Q2, alongside the redistribution of traffic during the Ramadan period in Q1. In view of the strongfirst half results, the Board of Directors have recommended a cash dividend of AED 770.9 million, equivalent to 10.278 fils per share, representing 100% of H1 2025 profit.

Continue reading Salik Reports AED 1.53 billion Revenue in H1 2025, Up 39.5% YoY; FY 2025 Guidance Upgraded

Unfold New Possibilities: HONOR Introduces HONOR Magic V5 Foldable at a Premium Regional Event in Dubai

HONOR showcases its rapid growth, industry-leading innovation and advanced AI technology, while expanding its ecosystem with the new HONOR Magic Pad 3 and HONOR MagicBook Art 14 2025.

[Dubai], [14 August 2025] – HONOR, a global leading AI device ecosystem company, has officially taken the foldable smartphone experience to the next level with the launch of its highly anticipated HONOR Magic V5, the Smarter, Slimmer & Stronger foldable.

The unveiling, held at Atlantis The Royal in Dubai, also introduced the new HONOR MagicPad 3 tablet and HONOR MagicBook Art 14 2025laptop, showcasing HONOR’s expanding AI device ecosystem.Under the theme “Unfold New Possibilities,” the event featured immersive experience zones demonstrating real-life scenarios such as travel, durability, AI-driven user experiences, and AI manufacturing innovations.The event brought together media, influencers, industry leaders, and technology enthusiasts from across the Middle East and Africa to witness HONOR’s commitment to pushing the boundaries of technology and user experience.

HONOR’s Journey to Accelerate Growth & Unfold New Possibilities

Penny Diao, Chief Marketing Officer for HONOR Middle East & Africa, opened the launch by warmly welcoming everyone and highlighting HONOR’s core philosophy: creating new possibilities while always putting users first. This approach has made HONOR the fastest-growing tech brand in the MEA region, with shipments rising over 83%, a milestone no other smartphone brand in the area has achieved. The HONOR Magic V3 doubled its foldable shipments, while the HONOR 400 series grew by 200%, showing more users are choosing HONOR’s technology.

Continue reading Unfold New Possibilities: HONOR Introduces HONOR Magic V5 Foldable at a Premium Regional Event in Dubai

Emaar and Aldar Fuel UAE Property Market Boom as Investor Confidence Surges in 2025

Dubai, UAE – 13 August 2025 –The UAE’s real estate sector continues its remarkable growth trajectory, with over 96,000 transactions recorded in the first half of 2025, totalling AED 322 billion (USD $87 billion). From luxury residences and waterfront villas to iconic skyscraper developments, the broader property market is benefiting from strong domestic and international demand.

Continue reading Emaar and Aldar Fuel UAE Property Market Boom as Investor Confidence Surges in 2025

OPPO solidifies global patent leadership, ranked among the world’s top ten Chinese patent filers in Europe and, USA Leading global smart device company advances innovation across 5G, AI, and flash charge technologies

Dubai, UAE, 14 August 2025 — OPPO, a leading global smart device company, has confirmed its top ten world ranking among patent filers for Chinese companies, announcing that it has filed more than 115,000 patent applications worldwide, with 63,000 granted and approved.  

Lay Ren, President of OPPO MENA

Continue reading OPPO solidifies global patent leadership, ranked among the world’s top ten Chinese patent filers in Europe and, USA Leading global smart device company advances innovation across 5G, AI, and flash charge technologies

Lilly’s Mounjaro (tirzepatide), a GIP/GLP-1 dual agonist, demonstrated cardiovascular protection in landmark head-to-head trial, reinforcing its benefit in patients with type 2 diabetes and heart disease

Mounjaro met the primary objective of non-inferiority vs. Trulicity with an 8% lower rate of MACE-3 events, while delivering greater reductions in A1C and weight

In the trial, Mounjaro was associated with a 16% lower rate of all-cause death compared to Trulicity, suggesting more comprehensive health benefits

Results from the largest and longest Mounjaro trial to date reaffirm its established safety and tolerability profile

Continue reading Lilly’s Mounjaro (tirzepatide), a GIP/GLP-1 dual agonist, demonstrated cardiovascular protection in landmark head-to-head trial, reinforcing its benefit in patients with type 2 diabetes and heart disease