Latest News

04:00 AM Emirates NBD reinforces global position via $3bn stake in India’s RBL Bank

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

Companies Investments

16 October 04:00 AM Aramex partners with AWS to transform global IT infrastructure.

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

Companies Investments

16 October 04:00 AM MENA-focused Talabat’s CEO steps down; Gyssels appointed

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

16 October 04:00 AM Contact, e& money forge partnership to boost Egypt’s financial ecosystem

Cairo - Mubasher: Contact Financial Holding partnered with e& money to improve the consumer finance experience through advanced digital solutions that integrate Contact’s financing solutions directly into “My e&” and “e& money” mobile apps.The allian

Delistings

16 October 04:00 AM ALEC Holdings’ debut on DFM marks UAE’s largest-ever construction sector IPO

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

Companies Investments

15 October 04:00 AM Dana Gas, Crescent Petroleum launch $1.1bn KM250 at Iraq’s Khor Mor

Abu Dhabi - Mubasher: Dana Gas and Crescent Petroleum have started commercial gas sales from the KM250 expansion at the Khor Mor facility in the Kurdistan Region of Iraq, delivered eight months ahead of schedule.The expansion adds 250 million standar

Companies Investments

15 October 04:00 AM Monroe Capital opens Abu Dhabi office to expand Middle East presence

UAE - Mubasher: Monroe Capital has opened its office in Abu Dhabi after receiving its financial services permission (FSP) from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM).The new office marks a major step in Monroe’s

Companies Investments

15 October 04:00 AM Multiply Group to create AED 120bn JV after acquisition of 2PointZero, Ghitha Holding

Abu Dhabi - Mubasher: The board of Multiply Group has approved the acquisition of 2PointZero and Ghitha Holding through a share swap deal, according to a press release.The proposed transaction aligns with Multiply Group’s strategy to scale its busine

Companies Investments

14 October 04:00 AM Dubai Investments-owned AMCREIT enters healthcare sector through acquisition of NMC Royal

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

Companies Investments

14 October 04:00 AM Dubai Healthcare City Authority rolls out AED 1.3bn development plan

Dubai - Mubasher: Dubai Healthcare City Authority (DHCA) has unveiled a AED 1.30 billion plan to expand Dubai Healthcare City (DHCC) Phase 1, cementing its position as a leading global healthcare investment hub.The first stage includes a LEED platin

Companies Investments

14 October 04:00 AM Aldar’s Yas Living attracts AED 1.3bn in sales within days

Abu Dhabi - Mubasher: Aldar Properties has sold out its Yas Living development within days of launch, generating over AED 1.30 billion in sales, according to a press release.Located on Yas Island, the project drew strong local and international deman

Companies Investments

14 October 04:00 AM Emirates NBD scales cross-border payment network to 40 countries globally

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

Delistings

14 October 04:00 AM Oqood secures $1m funding to expand AI-powered legal solutions in GCC

Dubai - Mubasher: Abu Dhabi-based legaltech startup Oqood has closed a $1 million seed funding round led by a group of angel investors to accelerate digital transformation in the legal sector.The startup will use the investment to expand across the G

13 October 04:00 AM Tabreed closes 2 largest transactions to accelerate regional growth

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

Companies Investments

13 October 04:00 AM Red Sea International’s unit secures SAR 375m financing from FAB

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

Delistings

13 October 04:00 AM du, Network International to launch integrated digital payment platform

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

Companies Investments

12 October 04:00 AM Empower unveils AED 437.5m dividend for H1-25, new board members

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

Board of Directors

12 October 04:00 AM DP World, Tashkent Invest establish $288m terminal to boost regional network

Dubai - Mubasher: DP World has partnered with Tashkent Invest, a subsidiary of the Tashkent City Administration, to develop a $288 million multimodal logistics terminal over three phases.The project aims to strengthen Uzbekistan’s logistics network a

12 October 04:00 AM FABMISR partners with noon payments to promote financial inclusion

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the ADX-listed FAB, teamed up with noon payments, a subsidiary of noon, according to a press release.The partnership aims to enhance digital payment services and provide a seamless, int

Companies Investments

12 October 04:00 AM Abu Dhabi Aviation, TCM launch Egypt’s 1st air taxi service

Cairo - Mubasher: Abu Dhabi Aviation Company and TCM Economic Consulting, part of Prime Group, launched Air Taxi Egypt, the country’s first air taxi service, according to a press release.Announced during a high-profile ceremony at the Giza Pyramids,

Companies Investments

12 October 04:00 AM ADNOC L&S, TA’ZIZ to build UAE’s 1st chemicals port in Ruwais

Abu Dhabi - Mubasher: ADNOC Logistics & Services (ADNOC L&S) and TA’ZIZ have signed an agreement to establish the UAE’s first dedicated chemicals port at the TA’ZIZ Industrial Zone in Al Ruwais.Under the 50-year deal, ADNOC L&S will build, own, and o

Companies Investments

12 October 04:00 AM Taaleem Holdings’ net profits hit AED 164.5m in FY24/25

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

12 October 04:00 AM ADNOC’s listed companies mull AED 158bn cash dividends until 2030

Abu Dhabi - Mubasher: ADNOC’s six listed companies target cash dividends valued at AED 158 billion ($43 billion) through to 2030, subject to customary approvals.This is in addition to the AED 86 billion ($23 billion) already paid since the first init

General Assembly

9 October 04:00 AM Multiply Group eyes majority stake in Italy’s ISEM

Abu Dhabi - Mubasher: Multiply Group plans to acquire a 60.80% stake in ISEM, a leading European packaging group, which is subject to regulatory approvals. Following the transaction, Peninsula Capital and minority investors will own the remaining

Companies Investments

9 October 04:00 AM PureHealth acquires Greece’s largest private healthcare group to reinforce global platform

Abu Dhabi - Mubasher: PureHealth Holding has completed the acquisition of its 60% stake in Hellenic Healthcare Group (HHG), Greece and Cyprus’s leading private healthcare provider, for a total of EUR 800 million.The transaction implies a 100% equity