logo
UAE: Julphar reports net profit of $11mln in 2024

UAE: Julphar reports net profit of $11mln in 2024

Zawya14-02-2025

Gulf Pharmaceutical Industries PJSC (Julphar), announced a net profit of AED 40.5 million for 2024, supported by sustainable growth and operational efficiency, reflecting the company's strong performance throughout the year.
Julphar recorded revenues of AED1.31 billion, achieving a 2.7% growth compared to the same period last year and a 4% increase on a constant currency basis. Operating profit before interest, taxes, and depreciation rose to AED144.9 million, driven by successful strategic initiatives.
The company achieved strong operating cash flows of AED245.6 million, compared to AED93.6 million in the previous year, thanks to effective working capital management and enhanced profitability

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Six exchange houses fined AED 12.3 million for regulatory breaches
Six exchange houses fined AED 12.3 million for regulatory breaches

ARN News Center

timean hour ago

  • ARN News Center

Six exchange houses fined AED 12.3 million for regulatory breaches

The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country. The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations. The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE's financial system. The names of the entities involved have not been disclosed by the authority. CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency. The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations… — Central Bank of the UAE (@centralbankuae) June 10, 2025

Six exchange houses fined AED 12.3 million for regulatory breaches
Six exchange houses fined AED 12.3 million for regulatory breaches

TAG 91.1

time2 hours ago

  • TAG 91.1

Six exchange houses fined AED 12.3 million for regulatory breaches

The Central Bank of the UAE (CBUAE) has imposed financial penalties totalling AED 12.3 million on six exchange houses across the country. The sanctions come after inspections revealed serious breaches of anti-money laundering and counter-terrorism financing regulations. The fines are in line with Federal Decree Law No. 20 of 2018 and reflect ongoing efforts to uphold the integrity of the UAE's financial system. The names of the entities involved have not been disclosed by the authority. CBUAE has emphasised that all exchange houses, their owners and staff must comply with national laws and regulatory standards to ensure transparency. The #CentralBankUAE imposed varying financial sanctions on six exchange houses in the UAE, amounting to AED12,300,000, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations… — Central Bank of the UAE (@centralbankuae) June 10, 2025

Dubai Police Crowned World's Most Respected Force
Dubai Police Crowned World's Most Respected Force

Arabian Post

time4 hours ago

  • Arabian Post

Dubai Police Crowned World's Most Respected Force

Dubai Police has achieved the highest possible worldwide ranking in policing reputation, securing a prestigious AAA+ rating and a score of 9.2 out of 10 in the Brand Finance Institutional Brand Value Index. This accolade eclipsed law enforcement agencies across ten countries, drawing on insights from over 8,000 stakeholders and institutions. The evaluation focused on core measures such as professionalism, integrity, effectiveness, fairness and transparency, marking a clear leadership position for the force. ADVERTISEMENT Public perception placed Dubai Police well above global averages in eleven reputation metrics. In categories like safety and security assurance, fair treatment of individuals, commitment and integrity, and ethical conduct, the force significantly outperformed its peers. Excellence was also noted in professional engagement, field performance, innovation in crime prevention, and its presence on social media. This endorsement builds on the findings of Brand Finance's National Brand Report, placing Dubai Police at a brand valuation of AED 57.9 billion. The contribution made by the force represents a sizeable portion of the UAE's total national brand value, estimated at AED 4.48 trillion. Brand Finance highlighted how the institution's reputation enhances the country's soft power, improving perceptions of Dubai and the UAE as preferred destinations for tourism, investment and residency. Lieutenant General Abdulla Khalifa Al Marri, Commander‑in‑Chief of Dubai Police, credited the recognition to visionary guidance from President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Vice‑President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum. He said, 'This recognition reflects the trust placed in police institutions across the UAE and highlights Dubai Police's commitment to public safety, wellbeing, and quality of life.' He described the achievement as the result of 'visionary leadership and an unwavering pursuit of excellence', pointing to the force's transition into a forward‑thinking, intelligent and sustainable policing model. A variety of strategic initiatives have driven this transformation. Smart Police Stations, the SWAT Challenge, e‑sports tournaments and the Esaad programme are among the flagship projects cited. The adoption of artificial intelligence for crime prediction and the roll‑out of Smart Police Stations reflect a commitment to modernising public service delivery. Community engagement and outreach efforts have also improved trust between citizens and law enforcement. David Haigh, CEO and Chairman of Brand Finance, highlighted the link between perception and influence: 'Perceptions drive behaviour. The Brand Finance Global Soft Power Index is the world's largest study of soft power perceptions.' The institute used existing city and nation brand metrics as a foundation, supplemented with a bespoke public survey to assess the force across ten global markets. Dubai Police outperformed global benchmarks in key areas: Safety and security assurance: 67% Effective duty performance: 64% Strong operational field presence: 63% Transparent communication: 51% Modern, progressive development: 54% These figures confirm the force's positioning as both a law enforcement body and an instrument of national branding and soft power. The emphasis on innovative service delivery through digital channels and media engagement also featured prominently in the assessment. Dubai Police maintains an active digital footprint, using platforms such as Twitter and Instagram to foster transparency and proactive public communication. Stakeholders from government and community sectors described the force's branding as inclusive and human‑centric, praising its alignment with universal values—justice, innovation and transparency—and its ability to humanise policing. Brand Finance's report also quantified the economic impact of reputation. Dubai Police's brand contributes an estimated AED 57.9 billion to the UAE's soft power value, reinforcing the UAE's attractiveness on the global stage.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store