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11 September 03:00 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
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17 August 03:00 AM GFH’s profits to owners surpass $67m in H1-25; dividends proposed
Mubasher: The net profits attributable to the shareholders of GFH Financial Group jumped by 10.69% to $67.23 million in the first half (H1) of 2025 from $60.74 million a year earlier.Total income hit $357.06 million in H1-25, up 7.48% year-on-year (Y
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24 June 03:00 AM Asas Makeen, Kuwait’s Securities House to boost Saudi Arabia’s real estate sector
Riyadh - Mubasher: Asas Makeen Real Estate Development and Investment Company signed a memorandum of understanding (MoU) with The Securities House, a Kuwaiti public joint stock company listed on Boursa Kuwait.The MoU, signed on 22 June 2025, supports
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15 June 11:17 AM AD Ports, Bahrain’s ASRY join forces to support maritime sector in GCC
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY)for strategic maritime and ports projects. The two parties seek to set up a joint venture …
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15 June 06:47 AM IHC launches ADGM-based RIQ to redefine global reinsurance landscape
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in Abu Dhabi Global Market (ADGM). The new brand supports the objectives of IHC, …
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9 June 01:18 PM Aldar to launch region’s 1st King’s College School Wimbledon in Abu Dhabi
Abu Dhabi – Mubasher: Aldar Properties joined forces with King’s College School Wimbledon to establish its first regional campus on Abu Dhabi’s Fahid Island, according to a press release. After securing regulatory approvals, the new K-12 …
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8 June 09:58 AM Multiply Group supports global expansion plans via MMG
Abu Dhabi – Mubasher: Multiply Group has launched Multiply Media Group (MMG) to fuel its global expansion plans, according to a recent press release. The ADX-listed group united the three market-leading out-of-home (OOH) companies under its …
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5 June 01:49 PM Forbes Middle East, Beltone Holding to launch Top Advisors & Investors Summit
Cairo – Mubasher: Forbes Middle East and Beltone Holding partnered to launch the Top Advisors & Investors Summit, which is set to be held in Cairo during the second half (H2) of 2025, according to a press release. The summit aims to contribute to …
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4 June 01:25 PM NMDC strengthens regional presence in MENA’s energy sector via stake acquisition deal
Abu Dhabi – Mubasher: NMDC LTS, a wholly owned subsidiary of National Marine Dredging Company (NMDC), acquired a 70% stake of the share capital and voting rights in Emdad, according to a press release This move aligns with NMDC’s strategy to drive …
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4 June 12:17 PM ADSB, EDGE Group unveil AED 7bn award to boost Kuwait Naval Forces
Abu Dhabi - Mubasher: Abu Dhabi Ship Building (ADSB) received a letter of award from its shareholder, EDGE Group, for the supply of Falaj3-class 62-metre Missile Boats to the Kuwait Naval Forces. The contract’s value stands at AED 7 billion, …
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28 May 03:00 AM GFH, Kuwait-based real estate firm Al Tijaria to foster GCC logistics sector
Mubasher: GFH Capital, a Saudi subsidiary of GFH Financial Group, partnered with Kuwait-based real estate firm The Commercial Real Estate Company (Al Tijaria) to expand business in the warehousing and logistics sector across Saudi Arabia and the Gulf
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20 May 09:11 AM TMG Holding boosts regional expansion via development deal with Oman
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …
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14 May 03:00 AM GFH’s net profits to owners hit $30m in Q1-25
Mubasher: GFH Financial Group logged net profits attributable to the owners valued at $30.14 million in Q1-25, compared to $27.13 million a year earlier.Total income jumped by 4.89% to $170.94 million as of 31 March 2025 from $162.97 million in Q1-24
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17 April 07:58 PM ADQ, IHC, Modon boost infrastructure development globally via Gridora
Abu Dhabi - Mubasher: ADQ, International Holding Company (IHC), and Modon Holding entered into a joint venture (JV) to form a dedicated infrastructure platform, Gridora, according to a press release. Operating under Modon Holding, Gridora will …
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13 April 12:33 PM Al Ansari Financial Services becomes largest NBFI in GCC via acquisition deal
Dubai – Mubasher: Al Ansari Financial Services concluded its acquisition of BFC Group Holdings after receiving all the required regulatory approvals, according to a press release. The transaction reinforced the DFM-listed company’s position as the …
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13 April 09:14 AM Multiply Group, SMC join forces to accelerate media growth in MENA
Abu Dhabi – Mubasher: Multiply Group has inked a memorandum of understanding (MoU) with Saudi Media Company (SMC) to develop an advanced advertising technology (AdTech) platform. The partnership aims to drive innovation in AI-powered advertising …
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8 April 04:02 PM MENA-focused SRMG launches venture SRMG Media Solutions
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has launched SRMG Media Solutions (SMS), a next-generation, data-driven media solutions company. The newly launched venture is designed to deliver innovative and results-focused advertising …
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6 April 04:52 PM ADES Holding enters Brazilian market via SAR 319m agreement
Riyadh – Mubasher: ADES Holding Company has entered a charter agreement for its premium jackup rig, Admarine 511, with Constellation Oil Services Holding to execute a contract for Petrobras in Brazil. This agreement marks the Saudi group’s entry …
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6 April 10:22 AM Al Arabia, Multiply Group to derive global expansion in advertising sector
Mubasher: Arabian Contracting Services Company (Al Arabia) and Multiply Group's media vertical teamed up to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. The 90-day memorandum of understanding (MoU) will …
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3 April 10:42 PM Al Ansari Exchange closely monitoring global currency markets amid new US tariffs
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, stated that it is closely monitoring global currency markets following the recent US tariff announcements by President Donald Trump, according to a press …
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1 April 09:51 PM Global firm EXP announces partnership with oil-focused Al Suwaiket
Riyadh – Mubasher: EXP, a global engineering, architecture, design and consulting firm has teamed with Al Suwaiket Group, a leader in supplying products and services to the oil and gas industry, for projects in Saudi Arabia. The EXP Al Suwaiket …
Ras El-Hekma
1 April 05:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma
Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …
JINGDONG Logistics
1 April 03:40 PM JINGDONG Logistics expands operations in MENA
Mubasher: JINGDONG Logistics, also known as JD Logistics, has expanded its presence in the Middle East with five warehouses and beyond in parts of North Africa, according to a press release. The Chinese supply chain management company established …
Agility Global
30 March 05:37 PM Agility Global generates $4.5bn revenue, $128m earnings in 2024; dividends unveiled
Abu Dhabi – Mubasher: Agility Global, a multi-business owner and operator with a global footprint in more than 70 countries, announced net profits worth $128 million, representing 1.25% per share, registered in 2024. The revenue increased by …