Dubai – Mubasher: Tecom Group recorded net profits amounting to AED 1.11 billion in the first nine months (9M) of 2025, up 18% from AED 942.67 million in 9M-24.Revenues hiked by 20% year-on-year (YoY) to AED 2.11 billion as of 30 September 2025 from
Dubai – Mubasher: The net profits after tax of Dubai Islamic Bank (DIB) increased by 4% year-on-year (YoY) to AED 5.68 billion in the first nine months (9M) of 2025 from AED 5.44 billion.Basic and diluted earnings per share (EPS) grew to AED 0.72 in
Dubai - Mubasher: The net profits after tax of Union Properties reached AED 139.22 million in the first nine months (9M) of 2025, signaling a 162% leap from AED 53.14 million in 9M-24.Revenues from contracts with customers hiked by 32% year-on-year (
Dubai - Mubasher: National Central Cooling Company (Tabreed) has secured AED 1.80 billion in new bank debt to fund its strategic growth initiatives and optimize its capital structure.The financing will support Tabreed’s growth, investments, and diver
Dubai – Mubasher: Emirates NBD has executed its aircraft finance lease facility with India-based airline IndiGo, providing financing to support the acquisition of two Airbus A321neo aircraft.This transaction aligns with Emirates NBD’s dedicated Aviat
Riyadh - Mubasher: The board of Al Majed for Oud Company has approved the establishment of a branch in the Abu Dhabi Global Market (ADGM) to reinforce its regional presence, according to a bourse disclosure.Al Majed for Oud will adhere to the measure
Riyadh - Mubasher: SAL Saudi Logistics Services Company renewed its partnership with Emirates SkyCargo to provide integrated solutions covering ground handling, air cargo, and logistics operations for the UAE carrier’s flights across airports in the
Dubai - Mubasher: Amlak Finance sold its subsidiary in Egypt to Al Baraka Bank Egypt at a total value of EGP 400 million (AED 30.80 million), according to a disclosure.In line with its strategic objectives, the transaction marks the company’s full ex
Dubai – Mubasher: Emirates Islamic Bank registered AED 2.71 billion in net profit during the first nine months (9M) of 2025, an annual growth of 9% from AED 2.49 billion.Earnings per share (EPS) hit AED 0.50 as of 30 September 2025, up year-on-year (
Dubai - Mubasher: Emirates NBD entered into definitive agreements to acquire a controlling stake in India-based RBL Bank Limited through a primary infusion of approximately $3 billion.The proposed transaction aligns with the DFM-listed bank’s long-te
Dubai - Mubasher: Aramex has migrated its Oceania data center (DC) to Amazon Web Services (AWS) cloud, marking the beginning of its extensive global IT modernization journey.The move aims to enhance operational agility, resilience, and performance wh
Dubai – Mubasher: MENA-focused Talabat Holding announced the resignation of its CEO Tomaso Rodriguez, as part of a planned leadership transition, according to a press release.Rodriguez, who held the position for six years, will continue supporting th
Dubai - Mubasher: The Dubai Financial Market (DFM) welcomed the listing of ALEC Holdings, marking the UAE’s largest-ever initial public offering (IPO) in the construction sector, by both valuation and size.Being the first in the sector in over 15 yea
Dubai - Mubasher: Al Mal Capital REIT (AMCREIT), a subsidiary of Dubai Investments, has acquired the NMC Royal Hospital real estate asset in Dubai Investments Park, marking its first healthcare investment.The move brings AMCREIT’s portfolio to six in
Dubai - Mubasher: Emirates NBD has expanded its near real-time cross-border payment network to over 40 countries worldwide, allowing customers to send funds faster and with unprecedented savings.In this regard, Emirates NBD customers will be able to
Dubai - Mubasher: National Central Cooling Company (Tabreed) has completed its largest-ever transactions, marking a major step in accelerating regional growth and strengthening its concession-backed business model.Tabreed, in partnership with CVC DIF
Riyadh - Mubasher: The Fundamental Installation for Electric Work Company, a subsidiary of Red Sea International Company, has secured financial facilities from First Abu Dhabi Bank (FAB) with a standby limit of SAR 375 million.The one-year financing
Dubai - Mubasher: Emirates Integrated Telecommunications Company (du) signed a memorandum of understanding (MoU) with Network International to launch a fully integrated digital platform for startups and SMEs in the UAE, according to a press release.T
Dubai - Mubasher: The shareholders of Emirates Central Cooling Systems Corporation (Empower) approved a cash dividend of AED 437.50 million for the first half (H1) of 2025.Empower will pay out 4.37 fils per share, equivalent to 43.75% of its paid-up
Dubai - Mubasher: Taaleem Holdings witnessed 19.20% year-on-year (YoY) higher net profits valued at AED 164.51 million in fiscal year (FY) 2024/2025, against AED 138 million.Revenues reached AED 1.13 billion in FY24/25, an annual hike of 20.10% from
Dubai - Mubasher: Dubai Investments plans to double production at its wholly owned subsidiary, Emirates Float Glass (EFG), with a second float line.The new line will boost EFG’s daily capacity to 1,200 tons from 600 tons and debut MENA’s first ultra-
Riyadh - Mubasher: Pan Gulf Marketing Company obtained Sharia-compliant bank facilities worth SAR 100 million from Emirates NBD Bank on 1 October.The one-year agreement aims to finance the company’s working capital, according to a bourse filing.Meanw
Dubai - Mubasher: Emirates NBD Securities, a subsidiary of Emirates NBD, has expanded its trading services, giving investors direct access to key GCC financial markets.This expansion provides investors with a single and seamless entry point into some
Riyadh - Mubasher: Sport Clubs Company signed a land lease contract worth SAR 22.01 million to build two fitness centers at King Fahd Medical City in Riyadh, according to a bourse filing.Located in Al-Sulaymaniyah District, the new clubs will operate