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21 May 02:37 PM

UAE news

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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
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20 October 2025 03:00 AM Crescent Enterprises invests $68m to build globally competitive ventures from UAE
UAE - Mubasher: Crescent Enterprises recently unveiled an investment program of $68 million (AED 250 million) to scale CE-Creates, its venture-building platform, according to a press release.CE-Creates operates as a sector-agnostic venture studio, de
Global Economy
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20 October 2025 03:00 AM Vulcan expands GenAI solutions in MENA via partnership with Presight
Abu Dhabi - Mubasher: The Vulcan innovative GenAI security solutions announced strategic partnerships at the GITEX Global 2025 conference to expand across the MENA region.Through the Presight AI-Startup Accelerator, leading members of the G42 ecosyst
Global Economy
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19 October 2025 03:00 AM UAE-based CADO secures $4.5m funding to fuel regional, global growth
UAE- Mubasher: CADO, the UAE-founded premium gifting platform, has raised $4.50 million in a pre-seed funding round with participation from Sanabil 500, a German family office, and several high-net-worth and angel investors.The fresh capital will sup
Global Economy
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19 October 2025 03:00 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
Delistings
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16 October 2025 03:00 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
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16 October 2025 03:00 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
Board of Directors
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16 October 2025 03:00 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
Companies Investments
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16 October 2025 03:00 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
Stock Evaluations
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15 October 2025 03:00 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
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15 October 2025 03:00 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
Global Economy
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15 October 2025 03:00 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
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14 October 2025 03:00 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
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14 October 2025 03:00 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
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14 October 2025 03:00 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
Real estate
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14 October 2025 03:00 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
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14 October 2025 03:00 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
Global Economy
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13 October 2025 03:00 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
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13 October 2025 03:00 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
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13 October 2025 03:00 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
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12 October 2025 03:00 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
Cash Dividends
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12 October 2025 03:00 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
Global Economy
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12 October 2025 03:00 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
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12 October 2025 03:00 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
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12 October 2025 03:00 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