Latest news with #AlMalek
Time of India
04-08-2025
- Business
- Time of India
UAE charts course toward a sustainable maritime future
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. The UAE continues to solidify its position as a leading maritime power and a global model in the maritime sector through pioneering initiatives and projects that place sustainability at the core of its development was among the first countries to adopt integrated policies for marine waste management and ship recycling, as part of its forward-looking vision to build a sustainable economy based on innovation and the protection of environmental this context, the Ministry of Energy and Infrastructure recently launched the Green Recycling Yards project as part of the third package of transformational initiatives. This project is the first of its kind in the region to regulate offshore ship recycling operations in a safe and environmentally-friendly reflects the UAE's commitment to advancing the green economy by providing infrastructure that aligns with the highest global environmental support of this direction, the Ministry issued a comprehensive regulatory framework for the safe dismantling of ships, ensuring environmental protection and worker safety, positioning the UAE among the few countries implementing such advanced by its belief in the importance of developing national capabilities in the maritime sector, the UAE has established advanced maritime academies such as the Abu Dhabi Maritime Academy and the Sharjah Maritime institutions train and qualify national talents in accordance with the standards of the International Maritime Organisation (IMO). These efforts have contributed to enhancing the efficiency of the workforce and ensuring the readiness of Emirati professionals to lead the Hessa Al Malek, Advisor to the Minister for Maritime Transport Affairs at the Ministry of Energy and Infrastructure, said: "In line with its vision to enhance the efficiency and competitiveness of maritime transport, the UAE has adopted advanced technologies in ship design and operation, including smart shipping models and automated navigation systems. These are supported by research and development programs carried out by universities and specialised centers, reflecting the country's commitment to embedding innovation at the heart of its maritime advancement."She added: "In the field of environmental sustainability, the UAE has made significant strides--starting with its ratification of the Kyoto Protocol, followed by the launch of the UAE Energy Strategy 2050 and the National Hydrogen Strategy 2050. The country has also developed green infrastructure to supply ships with low-sulfur fuel and natural gas, while national ports have invested in emission reduction projects."Al Malek continued: "In this context, the UAE has launched several pioneering initiatives that reflect its proactive vision and commitment to building a more resilient and sustainable maritime sector. Among the most notable is its joining of the Green Shipping Corridor initiative, launched by the United Kingdom during COP26, which aims to accelerate the transition to low-emission maritime transport ."The UAE also established the UAE Logistics Integration Council as a national platform to coordinate efforts and ensure the continuity and efficiency of maritime supply noted that believing in the importance of innovation in service development, the country created the National Center for Maritime Navigation and the Maritime Services Window to unify maritime operations and streamline procedures. These efforts strengthen the integration of the federal maritime system and enhance the global competitiveness of the nation's terms of digital transformation, the UAE has launched a series of technological initiatives, including Blue Pass, a unified digital platform that connects ship operators, ports, and service country's ports have undergone a significant transformation through the automation of loading and unloading services and the integration of digital systems across various modes of transport. This has helped accelerate operations and reduce the Zero Bureaucracy Programme has played a key role in reducing transaction processing times--from one working day to less than an hour--and cutting the number of required form fields from 55 to just 3 in some services. As a result, customer satisfaction has reached 95.5 per achievements reflect the UAE's distinguished standing within the IMO, where it has ratified 35 international instruments and contributed to the development of standards for autonomous ships and the fight against fraudulent ship UAE currently operates 106 ports across 78 countries, with annual container throughput exceeding 21 million units and a maritime sector contribution of over AED 135 billion to the national maritime academies have graduated 497 officers and engineers, including 100 women, highlighting the nation's commitment to gender equality. The UAE was among the first to establish a maritime equality award and has led the Arab Women in Maritime its leadership journey, the UAE will host the World Maritime Day Parallel Event in September 2025 under the theme: "Our Ocean, Our Obligation, Our Opportunity." The event will feature pioneering initiatives to support the decarbonization of maritime shipping and promote innovation and sustainable comprehensive ecosystem of projects reflects the UAE's commitment to a bold and sustainable maritime vision-driving the shift toward a green economy and smart ports, and reinforcing its status as a global maritime hub at the heart of international trade.
Gulf Today
02-08-2025
- Business
- Gulf Today
UAE cementing its leadership in maritime sector through high-impact local projects
The UAE continues to solidify its position as a leading maritime power and a global model in the maritime sector through pioneering initiatives and projects that place sustainability at the core of its development policies. It was among the first countries to adopt integrated policies for marine waste management and ship recycling, as part of its forward-looking vision to build a sustainable economy based on innovation and the protection of environmental resources. In this context, the Ministry of Energy and Infrastructure recently launched the Green Recycling Yards project as part of the third package of transformational initiatives. This project is the first of its kind in the region to regulate offshore ship recycling operations in a safe and environmentally-friendly manner. It reflects the UAE's commitment to advancing the green economy by providing infrastructure that aligns with the highest global environmental standards. In support of this direction, the Ministry issued a comprehensive regulatory framework for the safe dismantling of ships, ensuring environmental protection and worker safety—positioning the UAE among the few countries implementing such advanced legislation. Driven by its belief in the importance of developing national capabilities in the maritime sector, the UAE has established advanced maritime academies such as the Abu Dhabi Maritime Academy and the Sharjah Maritime Academy. These institutions train and qualify national talents in accordance with the standards of the International Maritime Organisation (IMO). These efforts have contributed to enhancing the efficiency of the workforce and ensuring the readiness of Emirati professionals to lead the sector. Eng Hessa Al Malek, Advisor to the Minister for Maritime Transport Affairs at the Ministry of Energy and Infrastructure, said: 'In line with its vision to enhance the efficiency and competitiveness of maritime transport, the UAE has adopted advanced technologies in ship design and operation, including smart shipping models and automated navigation systems. These are supported by research and development programs carried out by universities and specialized centers, reflecting the country's commitment to embedding innovation at the heart of its maritime advancement.' She added: 'In the field of environmental sustainability, the UAE has made significant strides—starting with its ratification of the Kyoto Protocol, followed by the launch of the UAE Energy Strategy 2050 and the National Hydrogen Strategy 2050. The country has also developed green infrastructure to supply ships with low-sulfur fuel and natural gas, while national ports have invested in emission reduction projects.' Al Malek continued: 'In this context, the UAE has launched several pioneering initiatives that reflect its proactive vision and commitment to building a more resilient and sustainable maritime sector. Among the most notable is its joining of the Green Shipping Corridor initiative, launched by the United Kingdom during COP26, which aims to accelerate the transition to low-emission maritime transport.' The UAE also established the UAE Logistics Integration Council as a national platform to coordinate efforts and ensure the continuity and efficiency of maritime supply chains. She noted that believing in the importance of innovation in service development, the country created the National Center for Maritime Navigation and the Maritime Services Window to unify maritime operations and streamline procedures. These efforts strengthen the integration of the federal maritime system and enhance the global competitiveness of the nation's ports. In terms of digital transformation, the UAE has launched a series of technological initiatives, including Blue Pass, a unified digital platform that connects ship operators, ports, and service providers. The country's ports have undergone a significant transformation through the automation of loading and unloading services and the integration of digital systems across various modes of transport. This has helped accelerate operations and reduce emissions. Additionally, the Zero Bureaucracy Programme has played a key role in reducing transaction processing times—from one working day to less than an hour—and cutting the number of required form fields from 55 to just 3 in some services. As a result, customer satisfaction has reached 95.5%. These achievements reflect the UAE's distinguished standing within the IMO, where it has ratified 35 international instruments and contributed to the development of standards for autonomous ships and the fight against fraudulent ship registration. The UAE currently operates 106 ports across 78 countries, with annual container throughput exceeding 21 million units and a maritime sector contribution of over Dhs 135 billion to the national GDP. Its maritime academies have graduated 497 officers and engineers, including 100 women, highlighting the nation's commitment to gender equality. The UAE was among the first to establish a maritime equality award and has led the Arab Women in Maritime Association. Crowning its leadership journey, the UAE will host the World Maritime Day Parallel Event in September 2025 under the theme: 'Our Ocean, Our Obligation, Our Opportunity.' The event will feature pioneering initiatives to support the decarbonization of maritime shipping and promote innovation and sustainable technologies. This comprehensive ecosystem of projects reflects the UAE's commitment to a bold and sustainable maritime vision—driving the shift toward a green economy and smart ports, and reinforcing its status as a global maritime hub at the heart of international trade. WAM
Al Etihad
02-08-2025
- Business
- Al Etihad
UAE cementing its leadership in maritime sector through high-impact local projects
2 Aug 2025 15:02 ABU DHABI (WAM)The UAE continues to solidify its position as a leading maritime power and a global model in the maritime sector through pioneering initiatives and projects that place sustainability at the core of its development was among the first countries to adopt integrated policies for marine waste management and ship recycling, as part of its forward-looking vision to build a sustainable economy based on innovation and the protection of environmental this context, the Ministry of Energy and Infrastructure recently launched the Green Recycling Yards project as part of the third package of transformational initiatives. This project is the first of its kind in the region to regulate offshore ship recycling operations in a safe and environmentally-friendly reflects the UAE's commitment to advancing the green economy by providing infrastructure that aligns with the highest global environmental standards. In support of this direction, the Ministry issued a comprehensive regulatory framework for the safe dismantling of ships, ensuring environmental protection and worker safety—positioning the UAE among the few countries implementing such advanced by its belief in the importance of developing national capabilities in the maritime sector, the UAE has established advanced maritime academies such as the Abu Dhabi Maritime Academy and the Sharjah Maritime Academy. The institutions train and qualify national talents in accordance with the standards of the International Maritime Organisation (IMO).These efforts have contributed to enhancing the efficiency of the workforce, and ensuring the readiness of Emirati professionals to lead the Al Malek, Advisor to the Minister for Maritime Transport Affairs at the Ministry of Energy and Infrastructure, said: 'In line with its vision to enhance the efficiency and competitiveness of maritime transport, the UAE has adopted advanced technologies in ship design and operation, including smart shipping models and automated navigation systems. These are supported by research and development programs carried out by universities and specialised centres, reflecting the country's commitment to embedding innovation at the heart of its maritime advancement.'She added: 'In the field of environmental sustainability, the UAE has made significant strides—starting with its ratification of the Kyoto Protocol, followed by the launch of the UAE Energy Strategy 2050 and the National Hydrogen Strategy 2050. The country has also developed green infrastructure to supply ships with low-sulphur fuel and natural gas, while national ports have invested in emission reduction projects.'Al Malek continued: 'In this context, the UAE has launched several pioneering initiatives that reflect its proactive vision and commitment to building a more resilient and sustainable maritime sector. Among the most notable is its joining of the Green Shipping Corridor initiative, launched by the United Kingdom during COP26, which aims to accelerate the transition to low-emission maritime transport.'The UAE also established the UAE Logistics Integration Council as a national platform to coordinate efforts, and ensure the continuity and efficiency of maritime supply noted that believing in the importance of innovation in service development, the country created the National Centre for Maritime Navigation and the Maritime Services Window to unify maritime operations and streamline procedures. The efforts strengthen the integration of the federal maritime system, and enhance the global competitiveness of the nation's terms of digital transformation, the UAE has launched a series of technological initiatives, including Blue Pass, a unified digital platform that connects ship operators, ports, and service providers. The country's ports have undergone a significant transformation through the automation of loading and unloading services, and the integration of digital systems across various modes of transport, which has helped accelerate operations and reduce the Zero Bureaucracy Programme has played a key role in reducing transaction processing times—from one working day to less than an hour—and cutting the number of required form fields from 55 to just 3 in some services. As a result, customer satisfaction has reached 95.5%.The achievements reflect the UAE's distinguished standing within the IMO, where it has ratified 35 international instruments and contributed to the development of standards for autonomous ships and the fight against fraudulent ship UAE currently operates 106 ports across 78 countries, with annual container throughput exceeding 21 million units and a maritime sector contribution of over Dh135 billion to the national maritime academies have graduated 497 officers and engineers, including 100 women, highlighting the nation's commitment to gender equality. The UAE was among the first to establish a maritime equality award, and has led the Arab Women in Maritime its leadership journey, the UAE will host the World Maritime Day Parallel Event in September 2025 under the theme: 'Our Ocean, Our Obligation, Our Opportunity.' The event will feature pioneering initiatives to support the decarbonisation of maritime shipping, and promote innovation and sustainable technologies. This comprehensive ecosystem of projects reflects the UAE's commitment to a bold and sustainable maritime vision—driving the shift toward a green economy and smart ports, and reinforcing its status as a global maritime hub at the heart of international trade.
Al Etihad
01-08-2025
- Business
- Al Etihad
TECOM Group reports Dh737 million net profit in H1
1 Aug 2025 16:56 DUBAI (ALETIHAD)TECOM Group announced its financial results for the first half (H1) of the year ending June 30, 2025. The Group reported robust net profit growth of 22 per cent year-over-year (YoY) to Dh 737 million, with revenue rising 21 per cent YoY to Dh 1.4 billion during the Group noted a YoY 24 per cent increase in EBITDA, which reached Dh1.1 billion, maintaining healthy EBITDA margins at 80 per cent, reflecting sustainable business from operations (FFO) increased by 17 per cent YoY to reach Dh984 million, supported by consistent collections and improved revenue Board of Directors approved an interim dividend payment of Dh400 million for H1 2025, in line with the approved Dividend Policy valid until September Al Malek, Chairman of TECOM Group, said the results reflect the Group's resilience and its ability to keep pace with the economic growth witnessed in the UAE. He added that TECOM continues to enhance its operational efficiency and deliver sustainable value to Belhoul, Chief Executive Officer of TECOM Group, said, 'Our financial and operational growth in H1 2025 reflects the success of TECOM Group's roadmap for long-term growth through our recent strategic investments and attracting new customers. The Group's robust performance is a step forward in our journey to enable a sustainable future through our ecosystems, solidifying the UAE's and Dubai's appeal as a global destination for investment and the ease of doing business.'Occupancy in the Group's Land Lease portfolio reached 99 per cent, marking YoY growth of 3 per cent, led by strong customer demand from the industrial sector, accelerated by government strategies such as Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33'.In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, the pioneering hub uniting global tech industry leaders and talent, which today generates 65 per cent of Dubai's technology sector May, Pure Ice Cream commenced construction on its Dh80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial Group continued its commitment to nurturing sustainability across its ecosystems and raised the number of its LEED-certified buildings to 55 during H1 2025, marking 34 per cent growth compared to H1 Group made steady progress towards renewable energy adoption, with its solar power projects contributing 8 gigawatt hours (GWh) of clean with the UAE's vision to strengthen gender balance in the private sector, 35.4 per cent of the Group's workforce is comprised of women. TECOM Group has been awarded Shariah compliance certification by the Shariyah Review Bureau (SRB) for the fiscal period ending March 31, 2025.
Al Bawaba
25-07-2025
- Business
- 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.
