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UAE news

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16 March 2025 01:24 PM DIB’s shareholders approve 45% cash dividends for 2024
Dubai – Mubasher: Dubai Islamic Bank (DIB) concluded its annual general assembly (AGM), with shareholders approving a 45% cash dividend, aggregating to an amount of approximately AED 3.25 billion. The bank witnessed a record-breaking pre-tax …
Banking and Finance
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16 March 2025 11:38 AM Ignite Energy Access expands global business via HQ in Abu Dhabi
UAE – Mubasher: The Abu Dhabi Investment Office (ADIO) has signed a strategic agreement with Ignite Energy Access to establish its global headquarters (HQ) in the emirate, according to a press release. Energy Access, a leading pan-African provider …
Companies Investments
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16 March 2025 09:33 AM ADFD rolls out AED 440m Sofitel project in Egypt
Mubasher: The Abu Dhabi Fund for Development (ADFD) has launched the Sofitel Legend Pyramids Giza project in Egypt, with investments of AED 440 million ($120 million), Emirates News Agency (WAM) reported. The launch is a part of the fund’s efforts …
Companies Investments
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13 March 2025 06:53 PM Al Ansari Exchange teams up with BILRS for international, domestic bill payment services
Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services, has entered into a strategic partnership with BILRS Payment Services Provider Company to enable customers to make seamless international and domestic bill payments …
Global Economy
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13 March 2025 06:41 PM UAE-founded CredibleX joins Mastercard to empower SMEs via first-of-kind product utilisation in region
UAE – Mubasher: Mastercard’s Small Business Credit Analytics (SBCA) will be integrated into CredibleX’s embedded financing journey where this innovative partnership offers the first utilisation of this product in the region, according to a press …
Companies Investments
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13 March 2025 05:43 PM Bank of Sharjah turns profitable in 2024
Abu Dhabi – Mubasher: Bank of Sharjah shifted to net profits after tax worth AED 384.69 million in 2024 from a net loss of 275.25 million in 2023. Meanwhile, the net profit before tax hit AED 416.36 million as of 31 December 2024, according to the …
Financial Results
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13 March 2025 02:24 PM Nasdaq Dubai lists $1bn Sukuk by Ras Al Khaimah government
Dubai – Mubasher: Nasdaq Dubai has welcomed, on 13 March 2025, the listing of the Government of Ras Al Khaimah’s 10-year $1 billion senior unsecured Sukuk at a profit rate of 5.038% issued on 5 March, according to a press release. The government …
Trading Activities
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13 March 2025 01:46 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Global Economy
FAB's Annual General Meeting
12 March 2025 06:35 PM FAB’s shareholders approve highest-ever dividends of AED 8.3bn for 2024
Abu Dhabi – Mubasher: The equityholders of First Abu Dhabi Bank (FAB), during the annual general meeting approved the distribution of AED 8.30 billion in cash dividends for 2024. The approved amount is equivalent to 75 fils per share and will be …
Management Decisions
Abu Dhabi Ports Company (AD Ports)
12 March 2025 06:02 PM AD Ports unveils over AED 1.7bn net profits in 2024; revenue exceeds AED 17.2bn
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) posted a growth in net profit after tax to AED 1.77 billion in 2024, compared with AED 1.36 billion in 2023. The basic and diluted earnings per share (EPS) rose to AED 0.27 last year from …
Financial Results
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12 March 2025 05:30 PM Egypt can now immediately draw about $1.2bn as IMF concludes 4th review of economic reform programme
Cairo – Mubasher: The executive board of the International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program supported by the EFF arrangement. Concluding the review enables the Egyptian authorities to …
Global Economy
FABMISR
12 March 2025 02:18 PM FABMISR unveils new product for multinational, large corporate clients
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the arm of the UAE listed FAB operating in Egypt, has launched FABMISR E-Connect as the newest corporate online banking channel designed specifically for multinationals and large corporates. …
Global Economy
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12 March 2025 01:15 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
Mutual Funds
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11 March 2025 04:45 PM Tecom Group’s AGM approves AED 400m cash dividend for H2-24
Dubai – Mubasher: The annual general assembly meeting (AGM) of Tecom Group approved the board’s recommendation to distribute a cash dividend of AED 400 million or 8 fils per share for the second half (H2) of 2024. This brings the full-year cash …
Cash Dividends
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11 March 2025 03:33 PM Presight-owned AIQ secures $340m deal to deploy agentic AI across ADNOC operations
Abu Dhabi – Mubasher: AIQ, a Presight AI Holding company, unveiled a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream value chain. Under the three-year deal, ENERGYai and AI-backed solutions …
Companies Investments
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11 March 2025 01:19 PM ADIB’s shareholders greenlight AED 3bn cash dividend for 2024
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB)  has concluded its annual general assembly meeting (AGM), where the shareholders approved the distribution of a cash dividend of 83 fils per share for 2024. The lender will pay out a total of AED …
Cash Dividends
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11 March 2025 00:02 PM NBF closes $100m syndicated financing transaction co-led by Emirates NBD, RAKBANK
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has closed a single currency term and letter of credit syndicated transaction amounting to $100 million, according to a press release. The financing deal will enable Pure Cement LLC to …
Companies Investments
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11 March 2025 11:14 AM Emirates NBD-Egypt backs public transportation development in Egypt via EGP 3bn financing
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, has penned a financing deal valued at EGP 3 billion with the National Authority for Tunnels (NAT) to support public transportation development projects in Egypt. This …
Companies Investments
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11 March 2025 10:41 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below, you can find the names of the Investment Funds as well as the price of each certificate in EGP, except …
Global Economy
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11 March 2025 09:40 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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10 March 2025 08:33 PM UAE’s Mubadala sells shareholding in UK-based Calisen
UAE- Mubasher: Mubadala has sold its indirect stake in Calisen, the UK's leading provider of smart meters and small-scale energy transition infrastructure assets, according to a press release. The transaction marks the end of a four-year …
Companies Investments
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10 March 2025 11:22 AM Prices of investment funds including certificates in EGP
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below, you can find the names of the Investment Funds as well as the price of certificates in EGP as of 9 March …
Global Economy
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10 March 2025 10:48 AM Talabat acquires Instashop to expand network in MENA
Dubai – Mubasher: Talabat Holding has fully acquired InstaShop Limited, one of the leading online grocery delivery marketplaces in MENA, from Delivery Hero. With this acquisition, Instashop will foster talabat’s grocery and retail offerings, while …
Companies Investments
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9 March 2025 05:58 PM UAE-based Klaim fuels regional expansion plans via $26m funding
Mubasher: UAE-based healthcare payments solutions provider Klaim has secured $10 million in Series A equity funding and an additional $16 million financing fund to drive its regional expansion plans This investment will support Klaim’s mission to …
Global Economy
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9 March 2025 05:17 PM DP World, Mawani launch SAR 3bn terminal in Jeddah
Mubasher: DP World and Saudi Ports Authority (Mawani) rolled out a new South Container Terminal at Jeddah Islamic Port in line with its SAR 3 billion ($800 million) expansion and development programme. This move aims to upgrade the terminal and …
Companies Investments