The total assets of the Emirates Group, at the end of the 2022-2023 fiscal year ending last March, amounted to about 172.1 billion dirhams, compared to 164.3 billion dirhams during the previous fiscal year, with a growth rate of 4.7%, according to the financial statements contained in the annual report that the group revealed. about it the day before yesterday. According to the data, the group continued to record continuous strong performance rates in the volume of its total assets over the past years, as the volume of the group’s assets increased from 71 billion dirhams at the end of the fiscal year 2010-2011, to reach the 100 billion barrier in the next fiscal year, and gradually rise to more than 172 billion. by the end of the current year.
The total assets of Emirates Airlines reached more than 157.5 billion dirhams, by the end of the fiscal year 2022-2023, compared to about 150 billion dirhams in the previous fiscal year, a growth rate of about 5.1%, while the assets of “Dnata” stabilized at 14.8 billion dirhams.
With regard to cash balances, during the fiscal year 2022-2023, the group was able to add more than 16.7 billion dirhams to its results during one fiscal year, which is the highest ever, which amounted to 42.5 billion dirhams, compared to 25.7 billion in the previous year, with a growth rate of about 65%.
The group achieved new record profits during the fiscal year 2022-2023, amounting to 10.9 billion dirhams (three billion dollars), a complete turnaround from last year’s losses.
Agreement on the transport and custody of diamond exports from India
Transguard, a subsidiary of the Emirates Group, has signed an exclusive agreement with the Gem and Jewelery Export Promotion Council of India, regarding the transportation and guarding of diamond and jewelery exports from India.
A statement issued yesterday stated that, according to the agreement, “Trans Guard” provides comprehensive logistical support, starting from around-the-clock transportation and transportation services, to managing safes and safe storage of diamonds and jewelry, and is expected to deal this year with diamonds, jewelry and precious stones worth approximately 100 million dirhams. .
This comes in light of the rise in India’s exports of precious stones and jewelry to the UAE last year thanks to the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, as Transguard handles the transportation and custody of these precious goods.