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Emirates NBD’s 2024 Net Profit Rises 7% To $6.3 Billion

by THEFUTURE.TEAM

January 29, 2025

Emirates NBD has reported a 7% year-on-year increase in its net profit for 2024, reaching $6.3 billion (AED 23 billion). The rise was driven by strong income growth, robust loan performance, and a strategic focus on digital banking and revenue diversification.

Key Highlights

Total Income: Emirates NBD’s total income for 2024 rose by 3% year-on-year, reaching $12 billion (AED 44.1 billion), underpinned by a 10% growth in loans and a stable, low-cost funding mix.
Loan Growth: The bank issued $43.6 billion (AED 160 billion) in new loans, leading to a 16% year-on-year increase in its assets.
Corporate Loans: The lender provided $23.9 billion (AED 88 billion) in new corporate loans, leveraging its optimized regional network. Retail lending also surged by 30%, driven by growth in its Priority and Private banking segments.
Operating Expenses: Operating expenses rose 18% year-on-year, totaling $3.8 billion (AED 13.8 billion).
Earnings Per Share (EPS): EPS grew by 7%, reaching 356 fils in 2024.

Strong Performance Across Business Units

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Emirates Islamic, the bank’s Sharia-compliant arm, achieved a record profit of $762.3 million (AED 2.8 billion). Deposit growth was also notable, with an increase of $22.3 billion (AED 82 billion) in 2024, including a $13.1 billion (AED 48 billion) rise in current and savings accounts. The bank’s international expansion, particularly in Saudi Arabia, contributed to a 57% increase in its loan book, with 21 branches and 62 ATMs.

Digital Transformation

98% of new current accounts were opened via digital channels, with 40% through the mobile app and 58% via assisted tablets.
The bank also saw a ninefold increase in digital wealth transaction volumes in 2024.

Other Noteworthy Achievements

Emirates NBD maintained a one-third market share of UAE credit card spend, with card spending up 18% in 2024.

The bank ranked number one in UAE IPOs and successfully priced over 100 sukuk and bond issues through Emirates NBD Capital.

Ranked sixth on Forbes Middle East’s lists of the 30 Most Valuable Banks 2024 and the Top 100 Listed Companies 2024, Emirates NBD continues to solidify its position as a leading financial institution in the region. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, emphasized the bank’s strategy for growth: “Our international expansion story is one of growth, diversification, and resilience, leveraging our unique proposition to expand our footprint across the MENA region and beyond.”

With a total of $44 billion (AED 160 billion) in assets under management as of January 29, 2025, Emirates NBD is well-positioned to maintain its leadership in both the domestic and international markets.

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Apple Honors Indie Innovators in WWDC 2025 Design Awards

by THEFUTURE.TEAM

June 4, 2025

Celebrating Design Excellence

As anticipation builds for the Worldwide Developer Conference 2025, Apple has officially announced the winners and finalists of its prestigious 2025 Design Awards. In a notable departure from current industry trends, the awards notably exclude generative AI apps for a second consecutive year, instead spotlighting indie apps and startups that utilize Apple’s tools to create exceptional user experiences.

Spotlight on Standout Categories

Apple recognized 12 outstanding entries—one app and one game from each of six carefully curated categories: Delight And Fun, Innovation, Interaction, Inclusivity, Social Impact, and Visuals And Graphics. This year’s roster features a diverse array of projects from emerging developers around the world, highlighting the company’s commitment to nurturing global creativity.

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Recognizing Functional Impact

In the Social Impact category, Watch Duty: Wildfire Maps garnered acclaim for its role in disseminating critical information during the California wildfires. Meanwhile, the Innovation category saw the triumph of the M13-backed prototyping tool Play, which demonstrates how modern app development is evolving by simplifying the process of sharing interactive prototypes through App Clips.

Notable Mentions

While AI-centric apps were not in the spotlight this year, Apple did acknowledge select apps leveraging AI technology. Notably, Speechify earned recognition in the Inclusivity category, and music creation app Moises, lauded for both its editing and creative capabilities, further underscores the potential of integrated AI features when blended with a robust platform.

A Comprehensive List of Honorees

The full roster includes:

Delight And Fun: Capwords; Balatro
Inclusivity: Speechify; Art Of Fauna
Innovation: Play; PBJ — The Musical
Interaction: Taobao; DREDGE
Social Impact: Watch Duty: Wildfire Maps; Neva
Visuals And Graphics: Feather: Draw In 3D; Infinity Nikki

A Forward-Looking Perspective

Apple’s strategic focus on how developers harness its design tools over trending technologies such as generative AI points to a broader industry narrative—one where enduring design principles and user-centric utility remain at the forefront of technological evolution. As innovation continues to drive the app ecosystem, the WWDC 2025 Design Awards serve as an indicator of where truly transformative experiences are being forged.