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THIS MORNING: Tabreed eyes Multiply’s district cooling arm + Goodbye, Bento
Plus: UAE hotels saw 30.8 mn guests in 2024
UAE’s largest 10 banks earned AED 82.8 bn in net income in 2024
Total interest income rose 6.7% y-o-y
Rak National Ins. and Rakbank report earnings for 2024
Rakbank’s net income hit a new record during the year
Earnings season in full swing
The company’s bottom line decreased to AED 100.9 mn
The bond market is really heating up
Investors love UAE federal and emirate-level debt right now amid global risk-off and lower US yields
Sanad to provide MRO services on Airbus engines
PLUS: The CBUAE and Dubai Courts will link their court case management systems
More 2Q earnings
Multiply, PNC Investments, Rakbank, and Dubai Refreshment Company also posted their financial results for the quarter
Aldar Properties, Drake and Scull, BHM, and DFM post solid 2Q 2024 earnings
The earnings flood continues
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