BusinessLatest Business and Company Updates
e& Delivers Strong Q2 Financials with Subscriber Surge
e& has reported an impressive net profit of AED 3.5 billion for the second quarter of 2025, up 9.7 per cent year‑on‑year, driven by a substantial rise in its global subscriber base. The company’s performance outstripped the average analyst forecast of AED 2.84 billion, underlining robust execution in a competitive market.Consolidated revenue for Q2 rose
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Emirates Islamic Lists World’s First Sustainability-Linked Sukuk
Nasdaq Dubai has officially welcomed the listing of USD 500 million Sustainability-Linked Financing Sukuk issued by Emirates Islamic, heralding what the bank describes as the world’s first issuance of its kind. The structure is designed to tie financial terms to
AD Ports Group Orders Two 780-TEU Vessels from Baku Yard
Abu Dhabi-based AD Ports Group has struck a deal with Azerbaijan Transport and Communication Holding to build two shallow-draft container ships of 780 TEUs each at Baku Shipyard. The vessels, intended for operation across the Caspian Sea, are scheduled
VFS Global Cuts Cost of $2 Billion Term Loan with Tighter Pricing
VFS Global has launched a $2 billion-equivalent term loan facility, securing markedly tighter pricing for its seven-year dollar and euro tranches. The USD portion of $1.010 billion is priced at 250 basis points above the Secured Overnight Financing Rate,
