Al-Futtaim Technologies and Johnson Controls Partner to Launch OpenBlue Smart Building Platform in the UAE
As smart city development accelerates in the Middle East, this partnership positions Al-Futtaim Technologies and Johnson Controls as key enablers of next-generation digital buildings – driving operational excellence, environmental responsibility, and future-ready infrastructure across the region.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
a day ago
- Al Bawaba
du reports a stellar net profit expansion in Q2 2025 with a 25.1% year-over-year growth
Emirates Integrated Telecommunications Company PJSC (du) reported its financial results for the second quarter of 2025. Continuing the positive momentum established in the first quarter, our revenues increased by 8.6% year-over-year, reflecting strong performance across all business segments and solidifying our market position. EBITDA rose by 16.4% resulting in an EBITDA margin of 46.8%, a 3.1 percentage points improvement year-over-year, driven by our strategic focus on value-driven products and our disciplined cost operational excellence translated into an impressive net profit increase of 25.1%. In recognition of these strong financial results, the Board has approved an interim cash dividend of AED 0.24 per share, representing an increase of 20% year-over-year.Q2 2025 Highlights• Solid subscriber base growth with an increase of 10.8% in Mobile and 12.0% in Fixed, reflecting positive market dynamics and good level of customer acquisition• Strong market position with 8.6% revenue growth and solid performance across all business segments• Impressive bottom-line growth with EBITDA up 16.4% and margin improving by 3.1 pp to 46.8% resulting in net profit rising by 25.1%• 2025 guidance: 2025 Revenue growth of 6-8%, 2025 EBITDA margin: 45-47%• Upgraded full-year guidance supported by the strong performance achieved in the first half and highlighting confidence in the growth trajectory• Strategic investments in adjacent businesses to support future growth highlighted by:• Start of deployment of the hyperscale datacentre in partnership with Microsoft• Launch of the National Hypercloud platformMalek Al Malek, Chairman said: 'Our strong performance in the first half of 2025 reflects the effective delivery of our focused strategy, underpinned by a favourable economic environment and sustained commitment to business excellence. The Board is confident in management's customer-centric and agile approach, which reinforces du's leadership in driving innovation and adaptability. We take pride in our strategic initiatives that contribute to advance the UAE digital agenda, expanding our ICT capabilities and accelerating the digital transformation. Through partnerships with global technology leaders, we are enabling sovereign hyperscale cloud and AI services from UAE-based data centres—empowering a smarter, more connected future for the Emirates. We continue to ensure disciplined capital allocation and sustained long-term value creation for our shareholders. Reflecting our robust first-half results and continued confidence in du's future prospects, the Board has approved an interim dividend per share of 24 fils, underlining our enduring commitment to shareholder returns.'Fahad Al Hassawi, CEO commented: 'Our second quarter financial results showcased impressive performance, fuelled by the meticulous execution of our strategy and consistent growth across every aspect of our operations. We achieved double digit growth in both our Mobile and Fixed subscriber base, underscoring our market leadership and brand strength. We advanced our network coverage and enhanced our connectivity offering with the commercial rollout of 5G Advanced. Our fibre infrastructure also expanded significantly, supporting long-term demand for high-speed connectivity. We launched the UAE's first sovereign hyperscale cloud platform, the National Hypercloud, and made advances in deploying our hyperscale data centre in collaboration with Microsoft, positioning us at the forefront of secure, AI-ready digital operational achievements translated into strong financial performance underpinned by our disciplined approach to value creation and cost efficiency. The solid revenue growth of 8.6% year-over-year was coupled with strong profitability as EBITDA margins expanded by 3.1 percentage points to 46.8%, translating into a 25.1% increase in net profit. Our upgraded full-year guidance reflects the strong performance achieved in the first half of the year, our confidence in the resilience of our business model and our ability to deliver sustainable, profitable growth.'Customer base• In Q2 our Mobile customer base grew by 10.8% year-over-year, reaching 9.1 million subscribers, representing 893,000 net-additions year-over-year. Postpaid rose 9.8% year-over-year to 1.9 million customers supported by strong momentum in the enterprise segment. Prepaid grew by 11.1% to 7.3 million subscribers, reflecting the continuous success of the Alo brand among blue-collar workers and the expansion of retail presence in underserved areas, as well as a solid tourist activity.• In Q2 our Fixed customer base recorded a strong year-over-year growth of 12.0%, reaching 706,000 subscribers, with 76,000 net-additions over the past 12 months. This performance was driven by the continued success of our Home Wireless offering as well as sustained demand for fibre broadband services, reflecting our enhanced value proposition and our expanding Network. Q2 2025 Financial Highlights• Revenues surged by 8.6% year-over-year reaching AED 3.9 billion, marking strong performance across both service and non-service revenues. This strong performance underscores the continued momentum in our core business and the successful execution of our revenue diversification strategy.• Mobile revenues climbed by 7.7% year-over-year to AED 1.7 billion reflecting sustained growth in our customer base and the success of our targeted propositions and highly effective marketing campaigns. The optimized use of digital and retail channels also enhanced customer acquisition and engagement, further fuelling revenue momentum.• Fixed revenues rose by 10.1% year-over-year reaching AED 1.1 billion mainly driven by the ongoing expansion in Home Wireless and Fibre customer base. We witnessed encouraging traction in the SME segment, along with increased adoption of Office Wireless solutions-further cementing our position as a trusted partner for connectivity and productivity.• 'Other revenues' recorded an 8.8% year-over-year growth to AED 1.1 billion buoyed by higher inbound roaming and interconnection revenues—reflecting our expanded Mobile base, higher handset sale, and growth in ICT revenues in line with our strategic ambition to broaden revenue streams beyond traditional connectivity.• EBITDA grew by 16.4% to AED 1.8 billion, with the EBITDA margin improving by 3.1 points year-over-year to 46.8%. The uplift was fuelled by a stronger gross margin, mainly benefiting by a more favourable mix, with continued migration toward unlimited data plans. Our continued discipline around cost efficiency and collections also played a pivotal role in enhancing profitability.• Net Profit rose by 25.1% year-over-year to AED 727 million, delivering a Net Profit margin of 18.6%. This reflects the strength of our operational performance and a clear focus on value creation for our shareholders.• Capex reached AED 545 million (Q2 2024: AED 442 million), representing a capex intensity of 14.0% (Q2 2024 capex intensity of 12.3%). This increase reflects our commitment to scaling our data centre capabilities and supporting long-term digital infrastructure growth.• Operating free cash flow (EBITDA – Capex) rose by 13.8% to AED 1.3 billion, underpinned by strong EBITDA growth. This robust cash generation provides the financial flexibility to invest in future growth while maintaining attractive shareholder returns. Based on these results, the Board approved an interim dividend of AED 0.24 per share for the first half of the year, representing a 20% increase year-over-year and reflecting the strong financial performance and confidence in our outlook.
Jordan Times
2 days ago
- Jordan Times
UHY Arab Auditors joins the Great Place to Work® Certified Community in Jordan
UHY Arab Auditors is certified as Great Place To Work for the first time in Jordan. This prestigious recognition reflects the firm's unwavering commitment to fostering a high-trust, inclusive, and empowering workplace culture. In a related statement Christie Jahno, Director of Great Place To Work Jordan said: "We warmly welcome UHY Arab Auditors to the family of certified companies. Their achievement is a testament to the strong organizational culture they have cultivated—one that values trust, collaboration, and continuous development. In a service-driven economy like Jordan's, the quality of services is directly linked to the people who deliver them. UHY Arab Auditors has clearly demonstrated that investing in people leads to excellence." UHY Arab Auditors statement: On behalf of UHY Arab Auditors, Nabil Haddad, Managing Partner stated: 'Being certified as a Great Place To Work is a proud moment for us. It shows that our people feel happy, supported, and valued, and that we're on the right path. It encourages us to keep building a workplace where everyone can grow and feel part of something meaningful.'
Jordan Times
2 days ago
- Jordan Times
‘Local vehicle prices witness significant' decrease after reducing taxes'
AMMAN — Vehicle prices in the local market have seen a "notable" decline following the government's recent decision to reduce the total taxes imposed on vehicles in an effort to ease financial burdens on citizens. According to the Jordan Automotive Dealers Association (JADA), the price drop on new vehicles, across various types and models, ranges between JD1,600 and JD10,000, depending on engine capacity, the Jordan News Agency, Petra, reported. In June, the Cabinet approved an amended regulation to the 2025 Special Tax Law, which included reductions in the general and special taxes on vehicles. The move is part of a broader set of government measures aimed at stimulating the economy and alleviating financial pressures on the public. Petra on Wednesday monitored several promotional advertisements from car dealerships and agencies offering discounts of up to JD5,000, particularly on newer models. JADA Secretary Zaid Abdallat said that automobile showrooms have experienced increased activity thanks to the government's reform package, which has "positively" impacted car prices across all categories and driven consumer interest in purchasing new vehicles. Abdallat added that the tax cuts have 'restored balance' among different vehicle categories, giving consumers more freedom to choose from a wider range of options at "unprecedented" prices. He noted that new vehicles with manufacturer warranties have now become a "viable" alternative to used or imported cars, which often lack warranty coverage and after-sales support granted from authorised dealers.
