Latest news with #ADNOCGroup
Zawya
06-08-2025
- Business
- Zawya
UAE: Al Ramz Corporation unveils 699% leap in H1-25 net profits
Dubai - The net profits after tax of Al Ramz Corporation Investment and Development soared by 699% year-on-year (YoY) to AED 18.83 million in the first half (H1) of 2025 from AED 2.35 million. The total income reached AED 66.69 million as of 30 June 2025, an annual jump of 62% from AED 41.26 million, according to the financial results. Basic and diluted earnings per share (EPS) surged to AED 0.034 in H1-25 from AED 0.004 in the same period of 2024. Financials for Q2 During the second quarter (Q2) of 2025, Al Ramz Corporation generated AED 12.11 million net profit, higher than AED 747,000 in the same period last year. The total income hiked to AED 36.07 million in Q2-25 from AED 19.72 million in Q2-24, while the basic and diluted EPS increased to AED 0.022 from AED 0.001. Mohammad Al Mortada Al Dandashi, Group Managing Director of Al Ramz Corporation, noted: 'We are proud to have been entrusted with landmark mandates from ADNOC Group, further cementing our leadership in market making across the region.' Al Dandashi added: 'As we continue to grow across business lines and geographies, we remain focused on shaping and advancing the financial markets ecosystem in the UAE and beyond.' In the first three months (3M) of 2025, Al Ramz Corporation delivered higher net profits at AED 6.72 million, compared to AED 1.61 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
05-08-2025
- Business
- Zawya
Al Ramz Corporation PJSC delivers strong first-half 2025 performance
Net profit surged to AED 18.8 million, a sevenfold increase compared to the same period last year. Al Ramz recorded a 62% increase in revenue, driven by strong performance across brokerage, market making, asset management, and higher financing income, in line with approved strategic plans. Awarded significant liquidity provision mandates by ADNOC Group, marking a key strategic milestone in Al Ramz's market-making capabilities. Dubai, UAE – Al Ramz Corporation PJSC (UH: ALRAMZ), a leading financial services provider with over 25-year legacy in the UAE capital markets, announced its financial results for the six-month period ended 30 June 2025. The Company reported a net profit of AED 18.8 million for the first half of the year, reflecting a period of strong growth and solid financial performance. The Group remains committed to driving sustainable growth through strategic investments in innovation and technology across its core pillars, including the digital financial mall, market making, asset management, and prime brokerage services. Revenue growth during the first half of the year was further fueled by heightened market volatility and the accelerating adoption of Al Ramz's digital offerings by an expanding and increasingly engaged client base. Asset manAgemEnt Al Ramz delivered strong results in the first half of the year, with assets under management (AUM) growing by 75% and revenues increasing by 98%. These results reflect not only the strength of our product offerings and client relationships but also the enhanced capabilities of a fully scaled and strategically aligned team, now operating at full strength to support continued growth. The asset management division also delivered net total returns in public equity of 8.6% for its clients as of 30 June 2025, outperforming the equity benchmark. This follows net total returns in public equities of 15.6% in 2024. Market making In the first half of the year, Al Ramz strengthened its position as a regional leader in liquidity provision, recording a 143% increase in market making revenues, driven in part by the successful execution of five strategic mandates. Capitalizing on this momentum, Al Ramz expanded its market-making capabilities across key regional exchanges, in line with its focused growth strategy. Looking ahead, the Group is well-positioned to further scale its platform through selective and strategic partnerships. DIGITAL FINANCIAL MALL Al Ramz continues to deliver strong digital growth in line with its vision of building a comprehensive financial platform, recording a 365% increase in online revenues, 64% growth in customer acquisition and a 63% rise in client portfolios. These results reflect our focus on innovation, accessibility and user experience. The integration of generative AI into THOR has enhanced client interactions with smarter insights and personalized content. In recognition of its digital leadership, Al Ramz's mobile trading app was named 'Best Digital Innovation – Trading App' at The Digital Banker Middle East & Africa Innovation Awards 2025. Mohammad Al Mortada Al Dandashi, Group Managing Director stated: 'Our second-quarter results underscore the strength of our strategic vision and the unwavering commitment of our team. We are proud to have been entrusted with landmark mandates from ADNOC Group, further cementing our leadership in market making across the region. As we continue to grow across business lines and geographies, we remain focused on shaping and advancing the financial markets ecosystem in the UAE and beyond.' Commitment to Shareholder Value and Strategic Outlook: Al Ramz steadfastly advances its long-term vision through disciplined execution and unwavering commitment, supported by strategic investments in talent, innovation, and operational excellence. These efforts are now bearing fruit, with net profit reaching AED 18.8 million and revenues increasing by 62%. Assets under custody grew by 43%, totaling AED 37.5 billion, underscoring the deepening trust and confidence of our clients. Building on this strong momentum, Al Ramz is resolute in pursuit of sustained growth and the creation of enduring value for our shareholders. FOR MEDIA INQUIRES, PLEASE CONTACT: Jad El Cheikh Senior Manager – Client Experience Weber Shandwick MENAT Email: Telephone: +971 4 445 4222
Mid East Info
03-07-2025
- Business
- Mid East Info
AIMCS EXPO 2025 Concludes Successfully, Driving Forward Integrity, Innovation, and Collaboration - Middle East Business News and Information
The 3rd Asset Integrity Management EXPO (AIMCS EXPO 2025) concluded successfully at Rixos Marina, Abu Dhabi, reinforcing its role as the Middle East's leading platform for Asset Integrity, Well Integrity, and Pipeline Integrity. Held from June 23rd to 25th, 2025, the event brought together industry leaders, technical experts, and technology providers for three impactful days of knowledge exchange, collaboration, and innovation. The conference featured 70+ technical presentations and 9 panel discussions, alongside live product demonstrations and structured networking sessions, enabling delegates to explore critical trends shaping operational excellence in the oil and gas sector. The event opened with an inspiring address by Mr. Mosleh Al Harbi, Vice President of Asset Integrity & Process Safety at ADNOC Distribution and Conference Executive Chairman, who set the tone for focused conversations on the urgent need for integrity in today's evolving energy landscape. Two exceptional keynote addresses elevated the conference discussions. Mr. Johan Zijlstra, Vice President, Operational Excellence at ADNOC Group, delivered insights on 'Well Integrity: A Lifecycle Perspective,' challenging participants to adopt integrated, data-driven approaches for resilience and reliability. Dr. Gilles Lubineau, Professor of Mechanical Engineering, MCEM Director, and ENERCOMP Director at KAUST & ENERCOMP, spoke on 'Redefining Pipeline Integrity in the Age of Non-Metallics,' connecting academic research with practical engineering advancements to inspire predictive and structural innovation. The exhibition floor featured a vibrant showcase of innovative technologies from exhibitors, fostering B2B meetings and solution demonstrations that spurred discussions on digital transformation, corrosion monitoring, and advanced inspection strategies. The success of the event was amplified by the support of key sponsors including IK Group as the Silver Sponsor, TGT Diagnostics, Argus, Arise Global, Sigma Enterprises, and IP Pipeline as Associate Sponsors, Quest as Digital Sponsor, and Apexfi and Dimate as Networking Partners, each demonstrating their commitment to advancing safety and integrity across the energy sector. The AIMCS EXPO Awards 2025 recognized outstanding contributions across the industry. Kannan Palaniappan, Lead Engineer, Mechanical, Maaden Phosphate Company was honored with the Excellence in Asset Integrity Award (End User), while Dynamics Scientific Inc. received the Pioneering Technology in Asset Integrity Award (Vendor). Hussain Al Darwish, Senior Engineer, Aramco was recognized for Best Practices in Pipeline Reliability, and Metalyte Pipeworks was awarded for Innovative Pipeline Integrity Solutions. In the well integrity category, Aider Zhukin, Integrity Engineer, ADNOC Onshore received the Excellence in Well Integrity Management Award, and Wellcem was recognized as the Leading Technology Provider in Well Integrity. CorrosionRadar received the Digital Integrity Transformation Award for their contributions to digitalization within the integrity space. Exhibitors, including Add Value Consultancy, InduMar Products, CorrosionRadar & Kanoo Energy, Associated Technology Pipeline Ltd, Process Vision Ltd, MES Energy Services LLC, DarkVision, Dynamics Scientific, Metalyte Pipeworks, Wellcem, and GCG, along with POD exhibitors Peloton, Deeplify, Inductosense, and TWI, showcased their advanced solutions, contributing to the rich learning environment and collaborative spirit of AIMCS EXPO 2025. The success of AIMCS EXPO 2025 reflects the dedication and collaborative spirit of everyone involved, from the sponsors and partners to expert speakers, committee members, exhibitors, and engaged delegates. Together, they have not only made this year's edition a resounding success but have also strengthened the momentum towards a safer, more reliable, and innovation-driven oil and gas industry. As the conversations and connections built continue to grow, AIMCS EXPO remains committed to supporting the integrity community in driving meaningful progress across the energy sector. For further updates and post-event highlights, participants and interested professionals can visit or contact register@
Gulf Today
23-05-2025
- Business
- Gulf Today
17,000 Job opportunities generated by Adnoc's ICV Programme for Emiratis
ADNOC announced that its In-Country Value (ICV) Programme has contributed to the creation of 17,000 job opportunities for Emirati talent in cooperation with its strategic partners in the private sector. This reflects the significant impact and positive results the programme has achieved since its launch in 2018. Eng. Salem Bafaraj, Vice President, In-Country Value and Industrial Development at ADNOC Group, stated during the fourth edition of Make it in the Emirates that ADNOC is focused on training and empowering Emirati talent, in line with the wise leadership's vision to invest in young national cadres, enhance their skills, and develop their capabilities. 'Today, we witnessed a strong turnout from qualified Emirati professionals, which reflects their enthusiasm and commitment to contributing to the energy and industrial sectors. Their eagerness to explore the job opportunities presented during the event is commendable.' He praised the positive engagement of participants and expressed his eagerness to continue supporting Emirati youth toward a promising professional future, in alignment with the leadership's vision of empowering national cadres across vital sectors. He emphasised that ADNOC is committed to enabling national talent to enter the workforce effectively, reaffirming the company's unwavering dedication to developing and empowering Emirati competencies, while contributing to industrial growth, economic diversification, and the creation of sustainable value for the UAE through the diversification of job opportunities and the acquisition of advanced and emerging skills.
Time of India
16-05-2025
- Business
- Time of India
Watch: Trump says he's 'not thrilled' with 'a drop of oil' UAE gifted him in viral video
Trump points to the 'one-drop' Murban oil that he got from the UAE and says he's not thrilled by the gift. President Donald Trump did not hide his disappointment with the gift he received from the UAE -- a small amount of UAE's flagship Murban crude oil , and said he was not thrilled because he was given only a drop of it. But it's better than no drop, Trump said, smiling. "The highest quality oil there is on the planet and they only gave me a drop of it…so I'm not thrilled! But it's better than no drop. ' Even Dr Sultan Ahmed Al Jaber, the UAE minister of industry and advanced technology and Adnoc (Abu Dhabi National Oil Company) managing director and group CEO, who gifted him the token oil laughed at Trump's complaining. Adnoc replied to Trump's grouse and posted: "Don't worry, there's plenty ore where that came from." — ADNOCGroup (@ADNOCGroup) What is Murban oil? A light and sweet oil, Murban crude has low sulfer content and it's less costly to refine this oil compared to heavier crudes. This is well-suited for the production of high-value products like jet fuel, premium gasoline and high-grade diesel. According to Adnoc, in April last year, Murban exports averaged 1.636 million barrels per day. The UAE has a production capacity of 2 million barrels per day for Murban. Trump's visit to the UAE on Friday marks the end of his four-day Middle East tour which was riddled by controversies because of the $400 million jet that he is supposed to accept from Qatar. It is a Boeing that will become President Trump's Air Force One after presidential modification, and will go to his museum after his term ends. Democrats called it an open-daylight bribery, but Trump said he is not a fool to turn down the gift of an expensive plane that is coming to him free, while the administration spends a lot of money for planes.
