Latest news with #DFM
Mid East Info
an hour ago
- Business
- Mid East Info
Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation - Middle East Business News and Information
Al Ansari Financial Services PJSC (DFM: ALANSARI) (the 'Group'), the largest non-banking financial services provider in the GCC, announced today the opening of Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), its new business solutions centre in Hyderabad, India. Strategically located, the centre will serve as a business solutions hub for the Group, aimed at enhancing efficiency, productivity and cost-effectiveness. The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey. 'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' 'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.' The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network. A Platform for Future Growth: In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth.
Web Release
16 hours ago
- Business
- Web Release
Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation
Al Ansari Financial Services PJSC (DFM: ALANSARI) (the 'Group'), the largest non-banking financial services provider in the GCC, announced today the opening of Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), its new business solutions centre in Hyderabad, India. Strategically located, the centre will serve as a business solutions hub for the Group, aimed at enhancing efficiency, productivity and cost-effectiveness. The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey. 'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' 'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.' The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network. A Platform for Future Growth In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth.
Al Etihad
3 days ago
- Business
- Al Etihad
ADX and DFM-listed companies post $15 billion in Q1 net profits: Kamco Invest
30 May 2025 19:48 REDDY (ABU DHABI)Companies listed on Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) recorded a combined net profit of $15 billion in the first quarter of 2025, representing a robust year-on-year (YoY) growth across key sectors, according to a report from Kamco ADX alone contributed $9 billion to the total, while companies on the DFM posted $6 billion in profits, driven largely by strong performances in the banking, telecom, and real estate Dhabi-listed companies witnessed a 9.8% increase in net profits, rising from $8.2 billion in Q1-2024 to $9.0 billion in Q1 2025. The growth was underpinned by strong earnings in the banking sector, which posted a total profit of $2.9 billion, up from $2.4 billion a year earlier. This performance was bolstered by higher earnings across almost all banks, most notably First Abu Dhabi Bank (FAB), which reported a 23.4% YoY increase in net profit to $1.4 billion.'FAB's revenue rose to Dh8.81 billion during the quarter, representing an 11% increase compared to Q1-2024,' the report noted, highlighting "solid business momentum and strong client activity across diversified income streams."Abu Dhabi Commercial Bank also posted solid results, with a 17.3% increase in net profit to $606.6 million, supported by diversified income and enhanced operational the telecom sector, net profits more than doubled, climbing to $1.5 billion in Q1-2025 from $634 million a year earlier. The gain was primarily attributed to Emirates Telecommunication Group (E&), which reported the entire $1.5 billion profit figure. Kamco noted the telco's 18.6% increase in revenue to Dh16.9 billion and 15.4% rise in EBITDA, underscoring efficiency in core energy sector in Abu Dhabi also saw healthy growth, with total earnings rising 7.4% YoY to $2.3 billion. Among top contributors were ADNOC Gas, which recorded a 6.9% rise in profit to $1.3 billion, and ADNOC Drilling, which posted a 24.1% increase to $341 firms saw their aggregate profits grow by 6.3% to $6 billion in Q1 2025, compared to $5.7 billion in the same quarter of 2024. The performance was mainly driven by real estate, transportation, and telecom sectors, while banking, utilities, and consumer services saw YoY declines.'Corporate profits during the period were largely concentrated in the Banking, Real Estate, and Transportation Services sectors, which together accounted for 84.3% of the total net profits in Q1-2025,' the report real estate sector saw one of the strongest growth trends, with total profits increasing by nearly a third to $1.7 billion, up from $1.3 billion in Q1 2024. Emaar Properties led the surge, posting a net profit of $1.01 billion, up 27% YoY, buoyed by sustained demand, successful project launches, and a 50% increase in revenue to Dh10.1 transportation sector reported an 18.4% jump in net profits to $246.7 million. Salik Co., which operates Dubai's toll gates, saw its profits climb 33.6% to $100.9 million, supported by the launch of new gates and the adoption of variable pricing. Banking sector earnings in Dubai slipped by 2.4% to $3.2 billion, largely due to Emirates NBD's profit falling 7.3% to $1.7 billion, driven by higher impairments. However, Dubai Islamic Bank bucked the trend, recording a 9.2% rise in profit to $473.7 million, supported by increased interest and non-interest income.
Time Business News
3 days ago
- Business
- Time Business News
Affordable Injection Molding
Returning to the theme of affordable injection molding, XCMachining sheds light on strategic approaches that balance cost savings with uncompromised quality. Our affordable injection molding solutions focus on intelligent design, modular tooling, and lean production practices—ideal for businesses seeking to reduce expenses without sacrificing performance. Design optimization is the first step toward affordable injection molding. Our DFM specialists work closely with clients to simplify part geometries—reducing undercuts, minimizing wall thickness variations, and standardizing rib patterns. By adopting family molds—where multiple part cavities share a common mold base—clients consolidate tooling costs and achieve higher part output per cycle. Simulations predict potential defects before mold fabrication, ensuring fewer revisions and lower overall costs. Tooling choices are critical in delivering affordable injection molding. XCMachining offers low-cost aluminum molds for short runs, enabling market testing and prototype validation at minimal investment. As volumes increase, we transition to modular steel molds featuring standardized mold bases and interchangeable cavity inserts. This modularity allows clients to update part dimensions or add new designs without investing in entirely new tooling, thus preserving capital and reducing lead times. Lean manufacturing underpins our affordable injection molding philosophy. We optimize production scheduling to minimize mold changeover times, achieving quick mold setups in under two hours. Real-time process monitoring—tracking injection pressures, temperatures, and cycle times—reduces scrap rates by catching deviations early. Bulk purchasing of common thermoplastics and leveraging long-term supplier contracts enable us to secure volume discounts—savings we pass on to our clients. Despite cost-centric strategies, XCMachining's quality assurance remains robust. All parts undergo in-line dimensional checks and periodic CMM inspections to verify compliance with specifications. Sample testing for mechanical properties—such as tensile strength and impact resistance—ensures material performance aligns with industry requirements. For clients needing documented quality records, we provide certificates of compliance and detailed inspection reports. Secondary services—including deburring, sonication, and in-mold decorating—are priced competitively by bundling these processes with molding runs. By consolidating services under one roof, we eliminate unnecessary markup from third-party vendors. Furthermore, our efficient packaging and logistics coordination reduce shipping costs and transit times. Through intelligent design, modular tooling, and lean operations, XCMachining's affordable injection molding solutions empower businesses to achieve cost savings while maintaining high-quality output. Whether launching a new product line, producing low-to-medium volume components, or seeking flexible manufacturing partnerships, our strategies deliver value without compromise. TIME BUSINESS NEWS
Mid East Info
4 days ago
- Business
- Mid East Info
Emirates Islamic wins Best Marketing Campaign at Cards & Payment Awards 2025 - Middle East Business News and Information
The prestigious award recognises the innovative and impactful approach of Emirates Islamic's campaign, which celebrates the rich culture and heritage of the UAE Dubai, UAE, May 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has won the prestigious 'Best Marketing Campaign' at the Cards & Payments Awards 2025 for its highly successful revamp of the Emarati Credit Card. The award, presented at the inaugural edition of Cards & Payments Awards Middle East, recognises the innovative and impactful marketing campaign that significantly enhanced customer relevance and deepened engagement with the Emirati segment. The Cards & Payments Awards Middle East recognises best practices, innovation and excellence in the cards and payment industry. Mohamed Al Hadi, Head of Retail Banking and Wealth Management at Emirates Islamic, said: 'This award represents Emirates Islamic's commitment to providing tailored financial solutions that resonate with our customers. The Emarati Credit Card revamp campaign stood out in a highly competitive field, which included leading local and international card and payment industry institutions operating in the UAE. Winning this award underscores the exceptional creativity, strategic thinking, and unwavering dedication of our teams.' He added: 'The success of the campaign was built upon three key pillars: the incorporation of renowned Emirati artist Mattar Bin Lahej, who designed the card; a deep understanding of the evolving needs and aspirations of Emirates Islamic's Emirati customers; and the dedication and collaborative spirit of our cross-functional teams, which brought the campaign to life with passion and excellence.' Beyond its creative and strategic impact, the campaign also yielded impressive commercial results. Emirates Islamic's card acquisition surged by 95% during the launch month of May 2024, and spending experienced a robust 24% growth between May and December 2024, demonstrating the effectiveness in driving both customer engagement and significant portfolio growth. About Emirates Islamic: Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp. Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024. As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
