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5 October 04:00 AM UAE’s PMI up to 54.2 in September
UAE - Mubasher: The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) grew to 54.2 in September 2025 from 53.3 in August, according to the latest S&P Global PMI data.The survey reflected the strongest improvement in the UAE’s non-oi
Politics
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5 October 04:00 AM IHC strengthens global portfolio through $1bn investment in India’s Sammaan Capital
Abu Dhabi – Mubasher: International Holding Company (IHC) has entered into an agreement to invest $1 billion in Sammaan Capital Limited, a publicly listed company on the Bombay Stock Exchange and the National Stock Exchange of India.The Indian compan
Global Economy
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2 October 04:00 AM Egypt’s residential market attracts $1.4bn in private capital baked by UAE, KSA
Cairo - Mubasher: Egypt’s real estate market drew $1.40 billion in private capital as demand surges, emerging as one of MENA’s fastest-growing markets.The country now ranks third in construction activity after Saudi Arabia and the UAE, according to K
Global Economy
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1 October 04:00 AM Spinneys enters Southeast Asia market through Ayala’s JV
Dubai - Mubasher: Spinneys formed a joint venture (JV) with Filipino conglomerate Ayala Corporation to open stores in the Philippines, marking its first expansion into Southeast Asia.Under the deal, Ayala will hold a 60% stake in the JV, with Spinney
Global Economy
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1 October 04:00 AM Iliad Partners closes $50m fund to accelerate growth of MENA startups
UAE - Mubasher: UAE-based venture capital firm Iliad Partners announced the second closing of its $50 million Iliad Partners Tech Ventures Fund I, featuring Eurobank, National Bank of Greece, and Piraeus Bank.This marks the first VC investment in MEN
Global Economy
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30 September 04:00 AM ADNOC Distribution relaunches Oasis brand with premium non-fuel offerings
Abu Dhabi - Mubasher: ADNOC Distribution has relaunched its Oasis convenience brand with a premium ‘On-the-Gourmet’ concept across 379 locations in the UAE, Egypt, and Saudi Arabia.The refreshed brand, known as Oasis by ADNOC, aims to elevate custome
Global Economy
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29 September 04:00 AM ONE Development enters Egyptian market to expand regional expansion
Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release.In partnership with global music icon Amr Diab, the flagship hospitality project’s inauguratio
Global Economy
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28 September 04:00 AM GCC’s tourism sector records $247.1bn in 2024
Mubasher: The value added by the travel and tourism sector to the gross domestic product (GDP) of the GCC nations increased by 31.90% to $247.10 billion in 2024, when compared to 2019.The sector’s contribution to the region’s GDP is expected to reach
Real Estate Transactions
Najib Khan, Group Chief Business Services Officer at Ooredoo and Ahmed Al Mannai, CEO of Innovatix Systems
28 September 04:00 AM Ooredoo promotes cybersecurity services in MENA to boost global footprint
Mubasher: National Mobile Telecommunications Company (Ooredoo), in partnership with Innovatix Systems, has launched advanced cybersecurity services to protect customers’ digital assets and ensure uninterrupted digital experiences.Live in Qatar, Tunis
Global Economy
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28 September 04:00 AM RAK Properties establishes Mirasol phase II
Abu Dhabi - Mubasher: RAK Properties has launched the second phase of Mirasol, an expansive resort-style apartment community on Mina, according to a press release.The development scheme comprises 280 units across visually distinct and architecturally
Real estate
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25 September 04:00 AM Space42 to launch UAE’s 1st sovereign mobility cloud
Dubai - Mubasher: Space42 is developing the UAE’s first Sovereign Mobility Cloud, powered by Core42’s Public Cloud on Microsoft Azure.The platform will speed up autonomous mobility deployment while keeping data secure and UAE-compliant, according to
Global Economy
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24 September 04:00 AM Presight, Shorooq launch $100m global AI innovation fund
Abu Dhabi - Mubasher: Presight AI Holding and Shorooq Partners have launched a $100 million global AI innovation fund to back next-generation artificial intelligence ventures worldwide.The joint fund will focus on startups in fintech, energy, and sma
Companies Investments
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24 September 04:00 AM Talabat announces $202m interim dividend for H1-25
Dubai – Mubasher: Talabat Holding announced the board’s approval for disbursing an interim dividend of 3.18 fils per share, equivalent to $202 million in total.This interim dividend represents a 90% payout ratio of reported net income for the first h
Board of Directors
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23 September 04:00 AM SOL Properties launches AED 2.2bn mixed-use tower
UAE - Mubasher: SOL Properties, the real estate development arm of the Bhatia Group, has unveiled SOL LUXE, an AED 2.20 billion mixed-use development.Positioned on Sheikh Zayed Road, the 280-meter project is set to become one of the tallest freehold
Companies Investments
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23 September 04:00 AM Arada enters UK market via acquisition of 75% stake in Regal
UAE - Mubasher: Dubai-based master developer Arada has completed the acquisition of a 75% stake in Regal, one of London’s leading residential-led mixed use developers, according to a press release.Arada has also committed an initial GBP 500 million o
Global Economy
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21 September 04:00 AM Al Ansari Financial Services to pay AED 148.5m dividends for H1-25
Dubai - Mubasher: The board of Al Ansari Financial Services has approved a cash dividend of AED 148.50 million for the first half (H1) of 2025.The DFM-listed company will disburse a dividend of 1.98 fils per share, equivalent to 70% of its H1-25 net
Board of Directors
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18 September 04:00 AM Halan UAE, Lean Technologies partner to expand credit access in GCC
Mubasher: Halan UAE, part of Egypt and MENA’s first fintech unicorn MNT-Halan, has partnered with Lean Technologies to leverage open banking technology and expand credit access for individuals and small businesses across the GCC.The partnership combi
Global Economy
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18 September 04:00 AM Mastercard, HyperPay collaborate to reshape region’s business payments landscape
Mubasher: Mastercard forged a partnership with HyperPay to accelerate the digital transformation of the Saudi commercial payments landscape, according to a press release.The two parties will join forces to enhance business payments across the region
Companies Investments
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18 September 04:00 AM Emirates Islamic offers world's 1st sustainability-linked financing Sukuk of $500m
Dubai – Mubasher: Emirates Islamic Bank has successfully priced a $500 million sustainability-linked financing Sukuk, the first globally.The Sukuk attracted a strong demand with $1.20 billion and was oversubscribed 2.4 times, according to a press rel
Global Economy
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18 September 04:00 AM Mashreq launches digital retail bank in Pakistan to boost global financial ecosystem
Dubai – Mubasher: Mashreq Bank has officially launched its full-service digital retail bank in Pakistan, marking the first full-scale international deployment of Mashreq’s digital banking platform outside the UAE.Mashreq Bank Pakistan’s operations wi
Global Economy
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16 September 04:00 AM Cenomi Retail inks SAR 2.9bn facility deals with Al Futtaim Retail, Emirates NBD
Riyadh - Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) has secured SAR 2.95 billion in new loan facilities, according to two separate bourse disclosures.The package includes a SAR 1.35 billion shareholder loan from Al Futtaim Private Com
Companies Investments
Visa Middle East
15 September 04:00 AM Visa initiates regional product in UAE for high-net-worth individuals
Mubasher: Global digital payments player Visa has launched Visa Private, an exclusive premium offering tailored for high-net-worth individuals (HNWIs), in the UAE before a wider reach in the region.The product targets HNWIs who seek a level of servic
Global Economy
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14 September 04:00 AM Taraf, Masdar City join forces to develop residential project in Abu Dhabi
Abu Dhabi - Mubasher: Taraf, the real estate division of Yas Holding, has partnered with Masdar City to develop a 1.40 million square meter residential community featuring more than 1,000 villas and townhouses.The project will offer two- to six-bedro
Companies Investments
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11 September 04:00 AM GFH Partners’ Manrre REIT launches high-bay logistics facility in UAE
Dubai - Mubasher: Manrre REIT, managed by GFH Partners Limited, joined forces with Palmon Group FZCO to construct a logistics facility in North Jafza.The 144,000 square feet project will be one of the UAE’s first high-bay and temperature-controlled w
Companies Investments