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02 March 02:24 AM

Sector News

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17 April 2025 07:04 PM Dubai Investments to pay over AED 765m dividends for 2024
Dubai – Mubasher: Dubai Investments announced the distribution of an 18% cash dividend, valued at AED 765.36 million, for 2024, according to a press release. The shareholders approved the dividend proposal during the company’s 29th annual general …
General Assembly
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15 April 2025 06:31 PM Aramex joins forces with Shipsy to enhance AI offerings
Dubai – Mubasher: Aramex signed a Master Services Agreement (MSA) with Shipsy, a leading global Saas-based platform offering AI-powered logistics orchestration. This partnership aligns with Aramex’s objectives to improve its last-mile delivery …
Companies Investments
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19 March 2025 06:46 PM DSI’s unit awarded AED 169m project contact
Dubai – Mubasher: Passavant Energy & Environment Limited, a subsidiary of Drake & Scull International (DSI), has been awarded an AED 169 million contract by Maharashtra Industrial Township Limited (MITL). The project scope includes the complete …
Companies Investments
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16 March 2025 03:52 PM Gulf Navigation to acquire Brooge Energy’s assets for AED 3.1bn
Dubai – Mubasher: The shareholders of Gulf Navigation Holding approved the strategic acquisition of assets and companies owned by Brooge Energy Limited (BEL) for a total value of AED 3.19 billion. The shareholders granted their approval at the …
Mergers and Acquisitions
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11 March 2025 10:40 AM ADQ to become major shareholder in Aramex
Dubai – Mubasher: Q Logistics Holding, a wholly owned indirect subsidiary of ADQ, submitted a voluntary tender offer to acquire a stake in Aramex, according to a press release. Upon completing the transaction, ADQ will become the majority …
Companies Investments
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27 February 2025 08:30 AM Parkin, UITP join forces to advance parking solutions globally
Dubai – Mubasher: Parkin Company has entered into a partnership with UITP, the International Association of Public Transport, to improve parking management in urban areas globally. The two entities will join forces to advance parking solutions, …
Companies Investments
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24 February 2025 09:43 PM DSI secures 2 contracts surpassing AED 1bn
Dubai – Mubasher: Drake & Scull International (DSI) has secured two major contracts for the highly anticipated Arabian Hills Project, with a combined value exceeding AED 1 billion. Spanning a 224 million square feet area, the Arabian Hills Project …
Companies Investments
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20 February 2025 09:32 PM Dubai Investments unveils strategic MoUs at regional meeting boosting cross-border cooperation
Dubai – Mubasher: Dubai Investments recently announced that its subsidiaries GlobalPharma and Emirates Float Glass (EFG) have signed strategic memoranda of understanding (MOUs) during the fifth Higher Committee Meeting of the Integrated Industrial …
Global Economy
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16 February 2025 08:17 PM Gulf Navigation incurs AED 23m losses in 2024
Dubai – Mubasher: Gulf Navigation Holding shifted to net losses valued at AED 22.79 million in 2024, against net profits amounting to AED 21.27 million in 2023. Revenues dropped to AED 88.68 million in 2024 from AED 105.53 million a year earlier, …
Financial Results
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16 February 2025 07:11 PM Air Arabia sees higher profits in 2024 backed by operational growth; dividends recommended
Dubai – Mubasher: Air Arabia posted a record pre-tax net profit of AED 1.60 billion in 2024, an annual rise of 4% from AED 1.54 billion, according to the financial results. Total revenue amounted to AED 6.63 billion as of 31 December 2024, up 11% …
Cash Dividends
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13 February 2025 08:33 AM DSI logs AED 3.7bn profits attributable to shareholders in 2024
Dubai – Mubasher: Drake & Scull International (DSI) turned profitable attributable to the shareholders at AED 3.74 billion as of 31 December 2024, versus net losses valued at AED 368.11 million in 2023. The company posted higher revenues at AED …
Financial Results
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13 February 2025 07:59 AM Dubai Investments sees higher profits at AED 1.2bn in 2024
Dubai – Mubasher: The net profits after tax of Dubai Investments increased to AED 1.20 billion as of 31 December 2024 from AED 1.13 billion in 2023, according to the preliminary financial results. The company’s revenues amounted to AED 4.60 …
Financial Results
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12 February 2025 01:50 PM Aramex’s profits to owners near AED 142m in 2024; revenues up 11%
Dubai – Mubasher: The net profits attributable to the shareholders of Aramex grew by 10% to AED 141.81 million in 2024 from AED 129.29 million in 2023, according to the financial results. The company posted revenues amounting to AED 6.32 billion …
Financial Results
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15 January 2025 09:07 PM Dubai Investments expands Mirdif Hills project with AED 400m investment
Dubai – Mubasher: Dubai Investments has launched Asayel Avenue within the framework of its Mirdif Hills development at a total investment of AED 400 million, according to a press release. Through Dubai Investment Real Estate (DIR), the project is …
Real estate
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13 January 2025 07:05 PM DSI, El Amar Group to expand business in Egypt, Saudi Arabia
Dubai – Mubasher: Drake & Scull International (DSI) has entered into a strategic memorandum of understanding (MoU) with El Amar Group to collaborate on key initiatives across Egypt and Saudi Arabia. This partnership aims to leverage the strengths …
Companies Investments
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29 December 2024 00:08 PM Air Arabia launches 1st flight between Ras Al Khaimah, Moscow to enhance global connectivity
Dubai – Mubasher: Air Arabia has officially launched its first direct flight between Ras Al Khaimah International Airport and Moscow Domodedovo International Airport. The new route will operate three times weekly, expanding the airline’s growing …
Global Economy
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16 December 2024 02:27 PM MENA-focused Parkin, Saudi Batic to explore smart city parking solutions
Dubai – Mubasher: Parkin Company has entered into a memorandum of understanding (MoU) with Batic Investments and Logistics Company to bolster smart city parking solutions Across Saudi Arabia. The two entities will combine Parkin's operational …
Global Economy
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21 November 2024 02:45 PM Al Saleh lead DSI’s growth strategy as CEO
Dubai – Mubasher: Drake & Scull International (DSI) has appointed Muin Al Saleh as its new CEO, according to a press release. Al Saleh will focus on driving operational growth and efficiency to achieve the company’s objectives to strengthen its …
Management Decisions
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18 November 2024 11:53 AM Gulf Navigation Holding’s revenues jump 26% in Q3-24
Dubai – Mubasher: Gulf Navigation Holding (GNH) turned to net losses worth AED 23.56 million in the first nine months (9M) of 2024, compared to net profits of AED 34.66 million in 9M-23. The revenues stood at AED 60.44 million in 9M-24, marking an …
Financial Results
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14 November 2024 03:42 PM Dubai Investments records AED 637m profits in 9M-24
Dubai – Mubasher: Dubai Investments logged net profits amounting to AED 637.06 million in the first nine months (9M) of 2024, lower than AED 759.61 million in 9M-23. Total income amounted to AED 2.96 billion as of 30 September 2024, down …
Financial Results
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13 November 2024 03:17 PM DSI records solid financial performance in 9M-24; revenues up 13% in Q3
Dubai – Mubasher: Drake & Scull International (DSI) shifted to net profits worth AED 3.79 billion in the first nine months (9M) of 2024, against net losses of AED 197.49 million in 9M-23. The group posted revenues amounting to AED 72.41 million in …
Financial Results
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12 November 2024 02:40 PM Air Arabia logs AED 1.2bn profits in 9M-24
Dubai – Mubasher: The net profits of Air Arabia declined by 5% to AED 1.25 billion in the nine months (9M) of 2024 from AED 1.32 billion, according to the financial results. The airline achieved a turnover of AED 4.98 billion, marking a 12% …
Financial Results
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11 November 2024 02:00 PM Aramex’s profits leap 45% in 9M-24; revenues hit AED 4.6bn
Dubai – Mubasher: Aramex recorded net profits valued at AED 76.94 million in the first nine months (9M) of 2024, higher by 45% than AED 51.36 million in 9M-23. Revenues hit AED 4.62 billion in 9M-24, marking an 11% year-on-year (YoY) rise from AED …
Financial Results
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29 September 2024 01:43 PM Air Arabia launches new route to Moscow to expand operations
Dubai – Mubasher: Air Arabia expanded its operations after adding a new route connecting Ras Al Khaimah International Airport with Moscow Domodedovo International Airport, according to a press release. As of 27 December 2024, the non-stop service …
Companies Investments
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18 August 2024 10:56 AM Gulf Navigation Holding records lower revenues in H1-24; net losses reported
Dubai – Mubasher: Gulf Navigation Holding (GNH) shifted to net losses valued at AED 24.69 million in the first half (H1) of 2024, versus net profits of AED 27.78 million in H1-23. Revenue shrank to AED 37.46 million in H1-24 from AED 64.87 million …
Financial Results