Category Archives: Business & Investments

Business & Investments, Real Estate

Modon Holding delivers outstanding AED 2.1 billion H1 2025 Net Profit, with continued momentum across core segments supported by record AED 10 billion real estate sales and strategic investments

  • Group revenue triples year-on-year to AED 6.5 billion, led by strong real estate performance and growth in recurring revenue streams.
  • Group net profit surges to AED 2.1 billion, 4.2x higher year-on-year, after excluding one-off items in H1 2024,driven by strong contributions across all core segments.
  • Real Estate sales were AED 10 billion withGroup revenue backlog reaching AED 33 billion across all segments.
  • Recurring income streams strengthen across Asset Management, Hospitality, and Events, Catering & Tourism segments.

H.E. JASSEM MOHAMMED BU ATABA AL ZAABI CHAIRMAN OF MODON HOLDING

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Business & Investments

Al Fardan Exchange Deepens Ties with Pakistani Community in the UAE via Upgraded Consulate Centre

  • Upgraded consulate reopens with self-service kiosk and customer engagement centre powered by Al Fardan Exchange to better serve Pakistani residents in the UAE
  • Remittances from the Pakistani community in the UAE will exceed $7 billion in 2025

29July 2025, Dubai, United Arab Emirates: Al Fardan Exchange, one of the UAE’s most trusted and long-standing financial services providers, has supported the renovation and infrastructure upgrades of the Consulate General of Pakistan, Dubai. As part of this enhanced experience, the consulate now features a dedicated Customer Engagement Centre powered by Al Fardan Exchange.This joint effort is designed to enhance the consular experience while bringing trusted financial services closer to an estimated 1.6 million Pakistani nationals residing in the UAE.

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Business & Investments

Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025

 

Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5billion.

The Group’s Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth by 6%, and deposits grew by 9% to reach $55.3 billion.

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Business & Investments

Joyalukkas secures landmark AED 500 million working capital deal with Emirates NBD to fuel global expansion

DUBAI, JULY 2025 – Joyalukkas, one of the world’s largest jewellery retailers, has announced a landmark AED 500 million working capital facility provision through Emirates NBD, a leading banking group in the MENAT region. This milestone agreement supports Joyalukkas’ long-term expansion plans across the UAE and key international markets including the UK, USA, Canada, and Australia.

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Business & Investments

AD Ports Group Expands Network of International Offices with First Office in China

Beijing-Tianjin office expands the Group’s global presence and serves emerging trade corridors

Abu Dhabi, UAE/ Beijing, China – 24 July 2025: AD Ports Group (ADX: ADPORTS),a leading enabler of global trade, logistics, and industry, officially launched its first International Office in China, marking a major milestone in its global expansion strategy.

Located at the centre of China’s policymaking and planning, the new office will lead and coordinate the Group’s commercial and investment activities across the country and the broader Asia region.

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