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UAE news

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9 March 2025 04:32 PM UAB’s general assembly greenlights capital hike
Abu Dhabi – Mubasher: The United Arab Bank (UAB) held its annual general assembly meeting, during which it approved increasing the capital through the issuance of rights shares amounting to AED 1.03 billion. The capital hike aims to strengthen the …
Management Decisions
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9 March 2025 01:11 PM MENA-focused PayTabs Group fully takes over PayTabs Egypt
Cairo – Mubasher: PayTabs Group has acquired a 51% stake in PayTabs Egypt from EFG Finance, an EFG Holding company, according to a recent press release The transaction aligns with the group’s long-term strategy to bolster digital transformation …
Mergers and Acquisitions
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9 March 2025 00:44 PM 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 …
Mutual Funds
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9 March 2025 09:49 AM Palm Hills unveils EGP 3.2bn consolidated profits in 2024, regional expansion plans
Cairo – Mubasher: Palm Hills Developments Company registered 106% higher consolidated net profits after tax and minority interest at EGP 3.25 billion in 2024, compared to EGP 1.58 billion. Earnings per share (EPS) increased to EGP 1.12 last year …
Companies Investments
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6 March 2025 02:15 PM Burjeel Holdings records 10.5% higher revenues in 2024; dividends unveiled
Abu Dhabi – Mubasher: The net profits attributable to the owners of Burjeel Holdings plummeted to AED 347.45 million in 2024 from AED 516.19 million in 2023. Meanwhile, the revenue posted an annual growth of 10.50% to AED 5.01 billion at the end …
Financial Results
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6 March 2025 01:57 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 …
Companies Investments
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6 March 2025 00:59 PM Al Ramz Corporation delivers solid financial performance; assets up 24%
Dubai – Mubasher: Al Ramz Corporation Investment and Development recorded lower net profits at AED 15.95 million in 2024, compared with AED 39.67 million in 2023. The DFM-listed company registered a total income valued at AED 99.86 million last …
Financial Results
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6 March 2025 10:21 AM AD Ports to receive Panamax cranes for new terminal in Egypt
Abu Dhabi – Mubasher: AD Ports Group is set to receive three new Panamax cranes from Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) for the group’s new multipurpose cargo terminal in Safaga. The cranes are expected to be operational in …
Companies Investments
Aldar's The Wilds Project
5 March 2025 06:26 PM Aldar generates AED 5bn from selling 1st phase of project in Dubai
Abu Dhabi – Mubasher: Aldar Properties has completed the sell-out of the first phase of The Wilds, generating AED 5 billion through a series of local and international sales events. The project is designed to let residents and nature thrive …
Real estate
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5 March 2025 04:52 PM Top MENA PMIs for February 2025 – Recap
Mubasher: The Purchasing Managers’ Index (PMI) data for the UAE, Saudi Arabia, and Egypt indicated the above the neutral 50 level while showing downward performance for February 2025, according to a report by Emirates NBD Research. The S&P Global …
Macroeconomics
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5 March 2025 04:20 PM xCube joins ADX as market maker, officially becomes trading, clearing member
Abu Dhabi – Mubasher: The UAE-based Brokerage firm xCube has been officially approved as a trading and clearing member as well as a market maker on the Abu Dhabi Securities Exchange (ADX), which will allow investors to access listed equities …
Initial Public Offerings
National Central Cooling Company (Tabreed)
5 March 2025 03:53 PM Tabreed raises $700m inaugural green Sukuk as 1st issuance under $1.5bn programme; listed banks partake
Dubai – Mubasher: National Central Cooling Company (Tabreed) has raised $700 million through an inaugural, five-year green Sukuk, which marks the first issuance under its new $1.50 billion trust certificate issuance programme. The new Sukuk will …
Banking and Finance
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5 March 2025 01:16 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
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4 March 2025 06:46 PM IHC teams up with Lunate to join Ghaf fund platform
Abu Dhabi – Mubasher: Lunate, an Abu Dhabi-based global investment manager, has signed a memorandum of understanding (MoU) with International Holding Company (IHC), the global investment company focused on building dynamic value networks, to …
Mutual Funds
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4 March 2025 06:23 PM IHC’s Al Seer Marine completes 1st stage of fleet expansion, unveils AED 257m investment with BOCOM Leasing
Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment announced the delivery of motor tankers Tabit and Rigel, the final two vessels in its series of six new build Medium Range (MR) tankers ordered from K Shipbuilding Korea, according to a …
Companies Investments
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4 March 2025 05:21 PM DAMAC Properties joins ADIB to facilitate home ownership for UAE residents
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has teamed up with DAMAC Properties to introduce a home financing solution enabling UAE residents to secure financing for off-plan properties once construction reaches 35% completion. This makes …
Global Economy
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4 March 2025 00:25 PM 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 Investment Funds as well as the price of each certificate in EGP, except for …
Banking and Finance
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3 March 2025 05:17 PM RTA signs AED 6bn agreement with Dubai Holding
UAE– Mubasher: Dubai’s Roads and Transport Authority (RTA) and Dubai Holding inked a deal valued at AED 6 billion to enhance access to key developments across emirate, according to a press release. The partnership aims at improving infrastructure …
Companies Investments
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3 March 2025 04:13 PM SC Ventures, Visa sign MoU to back MENA’s SMEs ecosystem
Mubasher: SC Ventures joined forces with Visa to develop solutions aimed at supporting small and medium-sized enterprises (SMEs) across the MENA region, according to a press release. The two parties signed the memorandum of understanding (MoU) at …
Global Economy
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3 March 2025 02:25 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 …
Banking and Finance
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3 March 2025 02:06 PM Businesses operating in Bahrain benefit from cost advantages in logistics, manufacturing
Mubasher: Businesses operating in Bahrain benefit from annual operating cost advantages of up to 69% in logistics and up to 41% in manufacturing compared to neighbouring GCC countries, according to the ‘Cost of Doing Business in the GCC’, …
Sector Reports
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3 March 2025 10:23 AM Ooredoo appoints Acting CEO for Oman
Mubasher: National Mobile Telecommunications Company (Ooredoo) named Saoud Hamad Al Riyami as Acting CEO of Ooredoo Oman, effective from 27 February 2025. The new official succeeded Bassam Yousef Al Ibrahim following the completion of his tenure, …
Management Decisions
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2 March 2025 04:28 PM GJ Properties unveils AED 4bn development investment in 2025-26
UAE– Mubasher: Ajman’s leading private property developer GJ Properties has invested AED 4 billion for it planned projects scheduled across 2025 and 2026, according to a press release. The company sold 800 units in the last month alone and plans …
Companies Investments
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2 March 2025 02:37 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
Photo Archive
2 March 2025 11:13 AM NBF launches NBF Direct App with UAE Pass to improve security
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has inaugurated the NBF Direct mobile app with UAE Pass, the official digital identity solution for the UAE, according to a press release. This step provides customers with a seamless, …
Banking and Finance