Latest news with #AlSalem
Al Etihad
11 hours ago
- Politics
- Al Etihad
UN Special Rapporteur on Violence Against Women & Girls describes UAE's progress on women's rights as ‘remarkable'
27 June 2025 00:44 GENEVA (WAM) During the 59th Session of the Human Rights Council, UN Special Rapporteur on Violence Against Women and Girls, Reem Al Salem, praised the United Arab Emirates for its significant progress in promoting gender equality and protecting women from described the country's achievements as 'remarkable,' highlighting the UAE's strong political commitment to gender equality and its growing efforts to empower women across political, economic, and social spheres.'The UAE has made tremendous strides, particularly in women's political and economic participation, which is a direct result of political will and a vision that values women's contribution to society,' said Al Salem. 'Gender parity in the Federal National Council, the increased representation of women in leadership roles, and substantial legal reforms demonstrate the UAE's commitment to protecting and empowering women.'She further commended the UAE for its continued progress on women's rights, adding, 'The government's proactive approach—including significant investments in the protection of women and children in crisis settings—reflects the country's dedication to ensuring safety and equality for all women and girls. These efforts are vital in creating a future where women can fully contribute to national development.'Welcoming the Special Rapporteur's remarks, the UAE's Permanent Representative to the United Nations and other International Organisations in Geneva, Jamal Jama Al Musharakh, stated, 'This successful visit signifies the UAE's ongoing commitment to advancing the rights of women and girls both domestically and internationally. It reflects our belief that empowering women and ensuring their full, equal, and meaningful participation in society is fundamental to building inclusive and prosperous communities.'Ambassador Al Musharakh emphasised that the UAE's work is far from complete.'The UAE remains dedicated to working closely with the United Nations and will continue to act on the Special Rapporteur's recommendations as we pursue further progress in ensuring the rights of women and girls are fully realised and protected,' he UN Special Rapporteur on Violence Against Women and Girls visited the UAE in December 2024. During her visit, the UAE organised field visits and facilitated meetings with government officials, civil society representatives, and other relevant organisations.
Zawya
17-02-2025
- Business
- Zawya
Capital Bank Group achieves record 50% profit growth in 2024, reaching JOD 160mln
Chairman Al-Salem lauds King Abdullah II's efforts in strengthening the national economy and advancing the investment landscape Capital Bank Group announced its annual financial results for 2024, marking a record 50% growth in net profits, which surged to JOD 160 million from JOD 106 million in 2023. This remarkable performance is driven by the strong growth of the group's core business. Chairman of Capital Bank Group, Basem Khalil Al Salem, expressed his pride and appreciation for the financial results achieved, attributing them to the wise leadership and directives of His Majesty King Abdullah II, which have strengthened Jordan's stability and supported its economy. Al Salem praised His Majesty's forward-looking vision for enhancing Jordan's economic position and empowering private sector institutions to drive growth and create more job opportunities. He also extended his gratitude to the Central Bank of Jordan for its pioneering role in maintaining banking sector stability and reinforcing its strength through prudent monetary policies and effective regulatory measures. Al Salem further emphasized that the strong results reflect the success of the group's strategy in expanding its business and strengthening its position in the local and regional banking market, despite the geopolitical and economic challenges facing the region, noting that the group's total assets grew by 8.5% at the end of last year, reaching JOD 8.2 billion. He also highlighted that customer deposits increased by 8%, reaching JOD 5.9 billion compared to JOD 5.5 billion at the end of 2023, while credit facilities granted to customers remained stable at JOD 3.4 billion at the end of 2024. Addressing the performance of the National Bank of Iraq (NBI), a subsidiary of the group, Al Salem highlighted the bank's remarkable growth across all financial indicators, attributing its success to an effective expansion strategy in the Iraqi market. He emphasized that this strategy has played a key role in achieving strong results. Al Salem noted that NBI increased its capital to 400 billion Iraqi dinars (IQD) — equivalent to USD 300 million — and remains committed to further strengthening its capital base by capitalizing retained earnings. This approach reflects the bank's dedication to solidifying its market position and contributing to the country's economic growth. Al-Salem announced that, following the approval of the 2024 financial statements, the group's Board of Directors has recommended a cash dividend distribution to shareholders at a rate of 15%, noting that the financial statements and dividend distributions are subject to the approval of the Central Bank of Jordan. Meanwhile, CEO of Capital Bank, Tamer Ghazaleh, expressed pride in the bank's outstanding financial performance, stating, 'Our results in 2024 reaffirm our commitment to building a strong, agile financial group that competes effectively in both local and regional markets. This success is driven by our ambitious strategy focusing on expanding our customer base, diversifying income sources, improving operational efficiency, and investing in cutting-edge technology.' Ghazaleh attributed the group's continued growth to its solid operational performance, effective risk management, adherence to responsible banking practices, and strong financial solvency. He noted that the group successfully reduced its cost of risk ratio to 1.2%, enhancing asset quality and lowering provisions compared to the previous year. According to Ghazaleh, net operating income grew by 17% to JOD 247 million, up from JOD 212 million in 2023. Additionally, net shareholders' equity increased by 10%, reaching JOD 724.6 million compared to JOD 657.6 million in 2023. This increase reflects improved returns and enhanced investment value for shareholders while ensuring high profit margins and sustainable growth. Ghazaleh further highlighted that Capital Bank has begun implementing artificial intelligence solutions to enhance banking services, improve customer experience, and drive greater operational efficiency. This initiative aligns with the bank's digital transformation strategy and commitment to investing in cutting-edge banking technologies to provide secure and advanced financial services. Notably, in 2024, Moody's upgraded Capital Bank's long-term rating from B1 to Ba3, underscoring its strength and resilience as one of Jordan's most reliable financial institutions. The bank also received several prestigious industry awards, including 'Best Digital Bank in Jordan' from Euromoney Magazine, 'Best Mobile Banking App in Jordan' from International Business Magazine, and 'Best Cash Management Bank in Jordan for 2024' from The Digital Banker. These accolades recognize the bank's pioneering role in customer service excellence and innovation in digital banking solutions.
