UAE Fuel Price Committee announces prices for April 2025
- Diesel: AED2.63 per litre.
- Super "98" : AED2.57 per litre.
- Special "95" : AED2.46 per litre.
- E-Plus '91' : AED2.38 per litre.
Follow Emirates 24|7 on Google News.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Emirates 24/7
an hour ago
- Emirates 24/7
Emirates NBD's income surges 12% to AED 23.9 billion on strong loan growth, regional expansion and innovative product offering
Emirates NBD's income surges 12% to AED 23.9 billion on strong loan growth, regional expansion and innovative product offering. Lending increased by AED 41 billion (8%) in the first half of 2025, fuelled by very strong demand both in the UAE and across its growing international network. Deposits grew by AED 70 billion (10%) in the first half of 2025 propelled by a record AED 48 billion increase in low-cost Current and Savings Account balances. Operating profit grew 9% as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts. Emirates Islamic delivers a record AED 1.9 billion profit in first half of 2025, highlighting its position as a leading Islamic bank in the UAE. The region's growing affluent population propelled Assets Under Management to USD 50 billion, confirming Emirates NBD's successful focus on Wealth Management and new products. Strategic investment in the Group's regional footprint, digital and GenAI are driving income growth which more than offsets the impact of lower interest rates. Key highlights – First Half 2025 Operating profit 9% higher yoy reflecting strong loan & deposit growth momentum and regional expansion • Income up 12% yoy to AED 23.9 billion on strong volume growth and continued momentum in innovative product offerings • 8% loan growth in H1-25 of AED 41 billion, with nearly half of the increase coming from international operations • Deposits grew AED 70 billion in H1-25, including a record AED 48 billion increase in Current and Savings Accounts, reinforcing deposit mix as a key strength of the Group • Impairment credit of AED 0.3 billion on impressive recoveries as clients benefit from a buoyant regional economy with impaired loan ratio improving to 2.8% • Emirates Islamic's continued strong growth momentum reporting a profit of AED 1.9 billion in H1-25 Emirates NBD's investment in customer focused services & products is propelling business growth • 35% market share of UAE Credit card spend; over AED 100 billion Credit and Debit card spend in H1-25 • 'SHARE' credit card, cobranded with Majid Al Futtaim Group, is Group's fastest ever card to reach 10,000 in issue • Emirates NBD one of region's top banks for Customer Experience with Net Promoter Score of 50 • KSA network expansion driving an impressive 27% loan growth in H1-25 • Excellent AED 92 billion of new lending helped deliver 13% Retail and Corporate loan growth in H1-25 • New Structured Credit, Commodity and Investment products introduced, driving a substantial increase in income from both local and international clients • ALM Markets desk ranked the number one M-Bill primary dealer by the Central Bank of the UAE for 2024 • Corporate CASA growth backed by best-in-class digital escrow capabilities, APIs and virtual accounts • Emirates NBD Capital is the number one investment bank for UAE IPOs and MENA Loans, and maintained its Top 3 position for international sukuk • 93% of new current accounts opened via mobile app or assisted tablet • Assets Under Management across the Group grew to USD 50 billion, reflecting ongoing success of the Group's wealth management strategy Looking to the future, Emirates NBD is transforming into a data-first, digital-focused and environmentally responsible regional powerhouse • ENBD X launched in KSA, upgrading digital offering in the Kingdom • Launched crypto trading through Liv X in partnership with Aquanow and Zodia Custody • More than 750,000 users of WhatsApp banking • Strategic partnership between Emirates NBD Pay and Visa's Cybersource platform to accelerate advanced digital payment solutions for clients • Key technological partnerships with Government and GREs to digitize and automate banking services • Further fintech collaborations with Partior (blockchain payments) and iPID (beneficiary validation) • Big-data analytics performs deep data mining, expanding new merchant acquiring opportunities • Over 50 active Advanced Analytics use cases, positioning Emirates NBD as a data-first bank • Best ESG rating for any bank in the region by S&P Global • First bank in MENA to publish inaugural ISSB report • Emirates NBD has the highest number of LEED Platinum certified branches of any bank globally Hesham Abdulla Al Qassim, Vice Chairman and Managing Director said: 'Emirates NBD's income surged 12% to AED 23.9 billion in the first half of 2025 on strong loan growth, regional expansion and an innovative product offering. Lending grew by an excellent AED 41 billion in the first half of 2025, and we now expect double digit loan growth for the full year as consumer momentum and business confidence continues. Emirates Islamic's profit rose to a record AED 1.9 billion, with very strong Customer financing growth of 13% in the first half of 2025, highlighting its position as an Islamic banking powerhouse in the UAE. The Group commands a 35% market share of UAE credit card spend as we processed more than AED 100 billion credit and debit card spend in the first half of 2025. We successfully launched the 'SHARE' credit card, cobranded with the Majid Al Futtaim Group, which became the Group's fastest ever card to reach 10,000 in issue.' Shayne Nelson, Group Chief Executive Officer said: 'Emirates NBD delivered a 9% yoy increase in operating profit, propelled by excellent loan growth and our ability to attract and retain low-cost deposits. The Group's ability to substantially grow income is a direct benefit of the strategic investment in our regional footprint, Digital and GenAI, helping to offset the impact of lower interest rates. Innovative products have successfully harnessed key growth areas, including Private Banking, Wealth Management, Escrow, regional corporate growth and investment banking. We have worked hard to nurture the UAE's leading deposit franchise in low-cost Current Accounts and Savings Accounts, which accounted for AED 48 billion of the AED 70 billion growth in deposits in the first half of 2025. We actively use big-data analytics for deep data mining, expanding new merchant acquiring opportunities and have over 50 active Advanced Analytics use cases, positioning Emirates NBD as a data-first bank.' Patrick Sullivan, Group Chief Financial Officer said: 'Profit before tax was AED 15.4 billion despite nearly AED 2 billion lower recoveries in the first half of 2025 relative to the very strong recoveries last year. Profit for the half year of AED 12.5 billion despite the impact of the new higher tax rate. The continued healthy credit environment and buoyant economy delivered a net impairment credit of AED 0.3 billion, leading to a positive revision on credit metrics. Healthy capital generation helped support extremely strong loan growth and the rock-solid balance sheet makes Emirates NBD a regional powerhouse, providing the platform for future growth. The investment in people, network, technology and products is clearly delivering new sources of income.'
Emirates 24/7
an hour ago
- Emirates 24/7
Emirates introduces retrofitted Boeing 777 to Madrid
Emirates, the world's largest international airline, has announced it will deploy its newly refurbished Boeing 777 aircraft to/from Madrid starting from 16 September. Customers can look forward to an enhanced travel experience with upgraded interiors and premium signature travel touches across all cabins. Madrid is Emirates' first destination in Spain to operate with the airline's next-generation interiors. Emirates' four-class Boeing 777 will operate as flight EK143/EK144. Emirates flight EK143 will depart Dubai at 14:30hrs and arrive in Madrid at 20:20hrs local time. The return flight, EK144 will depart Madrid at 22:05hrs and arrive in Dubai at 7:10hrs local time, the following day. The deployment of Emirates' retrofitted Boeing 777 to Madrid marks a new era of premium travel to the Spanish city - offering customers the airline's award-winning Premium Economy service*, newly configured Business Class cabin, and a 'better' travel experience to/from the country. Enhanced travel experience Emirates' newest Boeing 777 cabin interiors will wow customers with its modern design details and signature cabin finishings, including: - A refurbished First-Class cabin with upgraded interiors offering unparalleled luxury. - New Business Class cabin that provides more privacy and comfort for customers with fully lie-flat seats in an updated 1-2-1 seating configuration. - Latest Premium Economy cabin which combines accessible luxury with comfort; offering cream leather seats, increased legroom, adjustable headrests, deeper seat recline and raised cushioned leg rests. - Spacious Economy Class seats with new design elements. Serving 'fly better' experiences Emirates continues to invest in elevating the travel experience through its ambitious multibillion-dollar retrofit program — one of the largest in aviation history. With 61 aircraft already refurbished, including 31 A380s and 30 Boeing 777s, the program is set to upgrade over 220 aircraft with Emirates' latest cabin products. Passengers travelling with Emirates will enjoy the airline's regionally inspired gourmet meals, premium beverage selection, and award-winning inflight entertainment on ice with up to 6,500 channels of on-demand entertainment - including more than 260 channels of Spanish content. Follow Emirates 24|7 on Google News.
Tourism Breaking News
20 hours ago
- Tourism Breaking News
Emirates introduces retrofitted Boeing 777 to Madrid
Post Views: 39 Emirates announced it will deploy its newly refurbished Boeing 777 aircraft to/from Madrid starting from 16 September. Customers can look forward to an enhanced travel experience with upgraded interiors and premium signature travel touches across all cabins. Madrid is Emirates' first destination in Spain to operate with the airline's next-generation interiors. Emirates' four-class Boeing 777 will operate as flight EK143/EK144. Emirates flight EK143 will depart Dubai at 14:30hrs and arrive in Madrid at 20:20hrs local time. The return flight, EK144 will depart Madrid at 22:05hrs and arrive in Dubai at 7:10hrs local time, the following day. The deployment of Emirates' retrofitted Boeing 777 to Madrid marks a new era of premium travel to the Spanish city – offering customers the airline's award-winning Premium Economy service*, newly configured Business Class cabin, and a 'better' travel experience to/from the country. Emirates' newest Boeing 777 cabin interiors will wow customers with its modern design details and signature cabin finishings, including: A refurbished First-Class cabin with upgraded interiors offering unparalleled luxury. New Business Class cabin that provides more privacy and comfort for customers with fully lie-flat seats in an updated 1-2-1 seating configuration. Latest Premium Economy cabin which combines accessible luxury with comfort; offering cream leather seats, increased legroom, adjustable headrests, deeper seat recline and raised cushioned leg rests. Spacious Economy Class seats with new design elements. Emirates continues to invest in elevating the travel experience through its ambitious multibillion-dollar retrofit program — one of the largest in aviation history. With 61 aircraft already refurbished, including 31 A380s and 30 Boeing 777s, the program is set to upgrade over 220 aircraft with Emirates' latest cabin products. Passengers travelling with Emirates will enjoy the airline's regionally inspired gourmet meals, premium beverage selection, and award-winning inflight entertainment on ice with up to 6,500 channels of on-demand entertainment – including more than 260 channels of Spanish content. Customers can book tickets on or visit the Emirates App, Emirates Retail stores, Emirates contact centre, or via travel agents. *Flights are now open for sale for travel starting September 16.
