Latest news with #RASALKHAIMAH
Al Etihad
21-07-2025
- Business
- Al Etihad
RAKBANK posts record profit before tax of Dh1.58 billion for H1 2025, up 26%
21 July 2025 19:24 RAS AL KHAIMAH (ALETIHAD)RAKBANK has reported a record profit before tax of Dh1.58 billion for the first half of 2025, marking a 26% year-on-year increase, driven by robust growth in non-interest income and continued strength in asset bank's total income rose 9.5% to Dh2.68 billion in H1 2025, while total assets expanded 18.1% year-on-year to Dh95 billion. Customer deposits stood at Dh61.1 billion, reflecting a 4.5% rise. The CASA (current and savings account) base grew to Dh40.48 billion, with a CASA ratio of 66%—one of the highest in the profit after tax for the first half reached Dh1.374 billion, up 26.1% from the same period last year. For the second quarter alone, net profit stood at Dh669 million, a 22% increase profit for H1 2025 was Dh1.68 billion, up 7.7% year-on-year, though operating expenses also rose 12.9% due to investments in technology, data, people, and customer experience. The cost-to-income ratio increased slightly to 34.6% from 33.6%.Gross loans and advances grew 17.4% year-on-year to Dh51.38 billion, with wholesale banking loans rising by 33%, in line with the bank's diversification quality continued to improve, with the net impairment charge to average loans ratio reducing sharply to 0.7% from 1.7% a year ago. The impaired loan ratio declined to 1.9% from 2.4%, while provisions to gross loans fell to 5.2% from 6.2%.Return on equity rose to 22.1% from 20.4%, and return on assets improved to 3.1% from 2.9%. The bank maintained a strong capital position with a capital adequacy ratio of 18.8%, up from 18.0% a year earlier. Commenting on the results, Raheel Ahmed, CEO of RAKBANK, said: 'We are pleased to deliver a record first-half profit driven by continued income momentum, robust asset growth, and sustained credit quality improvements. These results reinforce our strategy of building a more diversified, resilient, and future-ready bank.' Source: Aletihad - Abu Dhabi
Reuters
06-07-2025
- Science
- Reuters
Sandeep Choudhary Decodes AI-171 Plane Crash in Minutes Using Advanced Numerology at Save Earth Mission's Global Vision Unveiling Event
RAS AL-KHAIMAH, United Arab Emirates, July 6, 2025 (EZ Newswire) -- What began as a monumental environmental announcement turned into a globally discussed moment at the Save Earth Mission, opens new tab's Global Vision Unveiling, held at the prestigious GIFT City Club. Amid presentations about sustainability and climate action, a powerful and unexpected revelation by Sandeep Choudhary, President of the India Chapter of Save Earth Mission, stole the spotlight. Taking center stage before a packed audience of environmental leaders, government delegates, and global press, Choudhary presented not only a bold new roadmap to combat the climate crisis — but also a mystical decoding of the recent Air India AI-171 crash, using the principles of advanced numerology. 'It took me less than three minutes to decode what truly happened,' Choudhary stated. 'This wasn't just a crash. It was a coded message from the universe.' With striking clarity, he laid out a series of numerological connections rooted in the sacred sequence of 3, 6, and 9 — a formula famously referred to by inventor Nikola Tesla as 'the key to the universe.' The Divine Alignment — When Numbers Speak Date of Crash: 12/06/2025 Flight Number: AI-171 Crash Time: 1:38 PM Three Miraculous Signs Key Locations 'When numbers align like this, it is not coincidence — it is communication,' Sandeep Choudhary explained. 'The universe is not silent. It speaks to those who listen.' From Tragedy to Transformation Despite the mystery and symbolism surrounding the crash, Sandeep Choudhary's message remained grounded in action and hope. 'People are obsessed with breaking news and conspiracies. But what is in your hands? You can't stop a plane from crashing. But you can plant a tree. You can save the Earth. That's your power,' he declared, drawing a powerful line between mysticism and moral responsibility. His keynote served as a profound wake-up call: The true danger is not rare disasters — but the growing apathy toward the climate emergency, which silently threatens all life on Earth. 30 Billion Trees by 2040 — A Vision Backed by Action The event also marked the official unveiling of Save Earth Mission's Global Tree Plantation Campaign, aiming to plant 30 billion trees by 2040. This visionary initiative leverages: Already recognized by world leaders and recently praised by the UN and BBC, the campaign stands as one of the largest civilian-driven environmental efforts in history. Final Message to Humanity Sandeep Choudhary concluded with words that struck a chord across borders and beliefs: 'We are all passengers on this planet. Let's not wait for another crash to wake us up. The Earth is sending signals. The time to listen — and act — is now.' About Save Earth Mission Save Earth Mission is a nonprofit organization focused on global reforestation, environmental awareness, and carbon offset technologies. The group aims to plant 30 billion trees by 2040 and supports climate action through education, digital innovation, and mass mobilization campaigns. For more information, visit opens new tab. Media Contact Dan Smithyourprwire@ ### SOURCE: Save Earth Mission Copyright 2025 EZ Newswire See release on EZ Newswire
