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11 January 03:33 AM

UAE news

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5 November 2025 03:00 AM ADNOC Drilling fosters GCC expansion via stake acquisition in MB Petroleum Services
Abu Dhabi – Mubasher: ADNOC Drilling Company has entered into a definitive agreement to acquire 80% of MB Petroleum Services (MBPS), according to a press release.Subject to regulatory approvals, the transaction marks its second acquisition in the reg
Companies Investments
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4 November 2025 03:00 AM Alpha Dhabi Holding’s net profits cross AED 10.4bn in 9M-25
Abu Dhabi – Mubasher: Alpha Dhabi Holding generated net profits after tax amounting to AED 10.42 billion in the first nine months (9M) of 2025, compared with AED 11.07 billion in 9M-24.Earnings per share (EPS) dropped to AED 0.54 in 9M-25 from AED 0.
Sector Reports
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3 November 2025 03:00 AM Tecom Group posts 18% higher profits in 9M-25
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
Sector Reports
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3 November 2025 03:00 AM ADNOC Distribution’s profits jump to AED 2.1bn in 9M-25
Abu Dhabi – Mubasher: ADNOC Distribution logged net profits amounting to AED 2.16 billion in the first nine months (9M) of 2025, compared to AED 1.87 billion in 9M-24, according to the financial results.Revenues hiked year-on-year (YoY) to AED 26.43
Sector Reports
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30 October 2025 03:00 AM e& delivers strong financial performance in Q3-25; consolidated profits exceed AED 2.9bn
Abu Dhabi – Mubasher: Emirates Telecommunications Group (e&) witnessed 39.70% higher net profits attributable to the owners at AED 11.81 billion in net profit after tax in the first nine months (9M) of 2025.The group recorded the net profits compared
Sector Reports
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30 October 2025 03:00 AM Borouge records strong net profits in 9M-25 amid higher production
Abu Dhabi - Mubasher: Borouge logged net profits after tax amounting to $768.77 million in the first nine months (9M) of 2025, marking a year-on-year (YoY) drop from $908.22 million.Basic and diluted earnings per share (EPS) remained unchanged at $ 0
Sector Reports
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30 October 2025 03:00 AM DIB’s total income crosses AED 17.3bn in 9M-25; profits rise 4%
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
Sector Reports
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29 October 2025 03:00 AM Union Properties registers 162% surge in 9M-25 net profits
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 (
Sector Reports
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29 October 2025 03:00 AM Apex Investment sees higher profits in 9M-25; revenues hit AED 633m
Abu Dhabi - Mubasher: The net profits after tax of Apex Investment Company hit AED 54.43 million in the first nine months (9M) of 2025, an annual growth from AED 51.14 million.Basic earnings per share (EPS) climbed to AED 0.015 as of 30 September 202
Sector Reports
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29 October 2025 03:00 AM Aldar launches AED 3.8bn projects across Abu Dhabi to boost portfolio
Abu Dhabi - Mubasher: Aldar Properties has unveiled AED 3.80 billion in new residential, commercial, and logistics projects across Abu Dhabi, expanding its develop-to-hold pipeline to AED 17.60 billion.The developments reinforce Aldar’s Abu Dhabi lea
Companies Investments
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29 October 2025 03:00 AM Tabreed raises AED 1.8bn new debt facility to support investments
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
Delistings
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28 October 2025 03:00 AM UAB posts 49% higher profits in 9M-25; new brand identity unveiled
Abu Dhabi – Mubasher: The United Arab Bank (UAB) logged net profits after tax of AED 315.56 million in the first nine months (9M) of 2025, higher by 49% year-on-year (YoY) than AED 212.25 million.Basic and diluted earnings per share (EPS) grew to AED
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28 October 2025 03:00 AM Emirates NBD closes finance lease facility of 2 A321neo aircraft for IndiGo
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
Delistings
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28 October 2025 03:00 AM Aldar’s net profits near AED 6bn in 9M-25 results
Abu Dhabi – Mubasher: Aldar Properties registered AED 5.96 billion in net profit after tax during the first nine months (9M) of 2025, marking a 30% leap from AED 4.57 billion.Revenues and rental income hiked by 43% to AED 23.55 billion at the end of
Real estate
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27 October 2025 03:00 AM Al Majed for Oud strengthens regional footprint via branch in ADGM
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
Global Economy
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26 October 2025 03:00 AM Saudi SAL, Emirates SkyCargo renew partnership to boost logistics operations
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
Companies Investments
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26 October 2025 03:00 AM UAE’s Amlak Finance exits operations in Egypt through EGP 400m deal
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
Companies Investments
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23 October 2025 03:00 AM RAK Properties’ profits leap 79% in 9M-25; sold units hit 1,412
Abu Dhabi - Mubasher: RAK Properties logged net profits after tax worth AED 216.81 million in the first nine months (9M) of 2025, higher by 79% than AED 121.41 million in 9M-24.Revenues surged by 31% year-on-year (YoY) to AED 1.16 billion in 9M-25 fr
Real estate
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23 October 2025 03:00 AM Emirates Islamic Bank’s profits surge 9% in 9M-25; total operating income hits AED 4.4bn
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 (
Sector Reports
Bilal Abu-Ghazaleh, Founder of 1001 AI
23 October 2025 03:00 AM Deep-tech startup 1001 AI secures $9m for Gulf’s 1st AI-native industrial platform
UAE- Mubasher: Deep-tech startup 1001 AI has raised $9 million in a seed round led by CIV, General Catalyst, and Lux Capital, according to a press release.Additional participants include Chris Ré, Amjad Masad (Replit), Amira Sajwani (DAMAC), Khalid B
Companies Investments
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23 October 2025 03:00 AM ADIB logs AED 5.3bn profits in 9M-25; operating income rises 14%
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) posted 15% year-on-year (YoY) higher net profits at AED 5.31 billion in the first nine months (9M) of 2025, versus AED 4.63 billion.Earnings per share (EPS) jumped to AED 1.31 at the end of Septembe
Sector Reports
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22 October 2025 03:00 AM FAB delivers strong earnings in 9M-25; operating income crosses AED 27.6bn
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) announced 24% year-on-year (YoY) higher net profits at AED 16.01 billion in the first nine months (9M) of 2025, compared to AED 12.86 billion.Basic earnings per share (EPS) increased by 26% to AED 1.39
Delistings
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21 October 2025 03:00 AM Emirates Driving completes acquisition of 22.5% stake in Mwasalat Holding
Abu Dhabi - Mubasher: Emirates Driving Company, a subsidiary of Multiply Group, has acquired a 22.50% stake in Mwasalat Holding, with an option to increase its share to 50.60%, according to a press release.The move expands Emirates Driving’s reach in
Mergers and Acquisitions
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21 October 2025 03:00 AM NBQ’s net profits jump 14% in 9M-25 supported by higher operating income
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) recorded 14% year-on-year (YoY) higher net profits at AED 464.50 million in the first nine months (9M) of 2025, compared to AED 399.92 million.Basic and diluted earnings per share (EPS) hit
Sector Reports