In 2024, Emaar Properties PJSC achieved record property sales of ~AED 70 billion, marking a 72% increase from the previous year, with a revenue backlog exceeding AED 110 billion. The company reported revenue growth of 33% to AED 35.5 billion and net profit before tax increased by 25% to AED 18.9 billion, reflecting a strong performance driven by operational efficiency, customer focus, and business expansion. Emaar Development PJSC also saw significant growth in property sales, revenue, and profitability in the UAE market, with revenue backlog reaching AED 102.7 billion, showcasing a positive outlook for continued success in 2025.
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Tears of joy as Hamas frees more Israeli hostages
The family of Israeli hostage Tal Shoham, among six captives released by Hamas in Gaza, watched tearfully as he walked free in a hostage-prisoner swap. Avera Mengistu, held captive for over a decade, was also released, sparking celebrations in Israel. Three more Israeli hostages were paraded by Hamas before being handed over to the Red Cross, marking a significant moment in the ongoing truce between Israel and Palestinian militants. Full Article
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