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3 February 07:03 PM Air Cairo launches carrier's 1st international flight to Jeddah
Cairo – Mubasher: Air Cairo International Airport launched its first international flight to King Abdulaziz International Airport in Jeddah, the Ministry of Civil Aviation announced. This aligns with the government's strategy to maximize the …
Companies Investments
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3 February 04:08 PM Tecom Group’s net profits exceed AED 2bn in 2025; higher dividends proposed
Dubai – Mubasher: Tecom Group generated AED 2.08 billion in net profits during the January-December 2025 period, up year-on-year (YoY) from AED 1.22 billion, according to the financial results. The group’s revenues increased by 19% YoY to AED 2.85 …
Cash Dividends
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3 February 03:27 PM Aldar-Mubadala JV to develop premier retail platform in Abu Dhabi
Abu Dhabi - Mubasher: Aldar Properties and Mubadala Investment Company developed a joint venture (JV) to create a premier retail platform that will anchor the next phase of Abu Dhabi’s evolution. Under Aldar’s management, the retail platform will …
Real estate
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3 February 03:10 PM ADNOC Distribution generates AED 35.8bn revenues in 2025; dividends for H2-25 unveiled
Abu Dhabi – Mubasher: The net profits of ADNOC Distribution jumped to AED 2.85 billion in 2025 from AED 2.47 billion a year ago, according to the financial results. The revenues went up to AED 35.89 billion last year from AED 35.45 billion in …
Board of Directors
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3 February 02:49 PM Leejam Sports obtains SAR 350m loan from Emirates NBD
Riyadh - Mubasher: Leejam Sports Company signed an agreement to extend and raise the limits of Shariah-compliant credit facilities of SAR 350 million with Emirates NBD on 2 February 2026. This facility deal includes a SAR 200 million medium-term …
Companies Investments
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3 February 01:10 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 …
Mutual Funds
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3 February 12:07 PM NMDC Energy’s regional operations drive AED 18.6bn revenues in 2025
Abu Dhabi – Mubasher: NMDC Energy generated AED 1.60 billion in net profit during 2025, higher by 14% than AED 1.40 billion in 2024. The basic and diluted earnings per share (EPS) recorded AED 0.32 at the end of 2025, up year-on-year (YoY) from …
Global Economy
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2 February 07:29 PM GFH acquires majority stake in GCC-focused Byrne Equipment Rental
Mubasher: GFH Financial Group has purchased a 60% stake in Byrne Equipment Rental LLC, a leading GCC industrial services and equipment rental provider, with an investment and capital expenditure program valued at around $400 million. This …
Mergers and Acquisitions
What could be next target for Gold after hitting new historical peak?
30 December 2025 06:38 PM What could be next target for Gold after hitting new historical peak?
Mubasher: The upward trend of Gold remains strong, with prices continuing to advance towards the possibility of recording a new historical peak near the level of $4,686 on the condition of maintaining trading above the previous $4,381 historical …
Trading Activities
Mashreq Bank
2 February 06:15 PM Mashreq Bank’s profits fall 23% in 2025;operating income hits AED 12.5bn
Dubai – Mubasher: Mashreq Bank witnessed 23% year-on-year (YoY) lower net profits after tax at AED 6.97 billion in 2025, compared to AED 9.01 billion. Total operating income reached AED 12.57 billion at the end of December 2025, an annual growth …
Banking and Finance
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2 February 01:34 PM Aldar expands development projects in Abu Dhabi with AED 23bn
Abu Dhabi - Mubasher: Aldar Properties has added a number of strategic land plots across Abu Dhabi, with a combined gross development value of approximately AED 23 billion. The addition anchors Aldar’s land bank strength and secures long-term …
Real estate
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2 February 12:38 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 …
Global Economy
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2 February 11:18 AM Sharjah Islamic Bank generates 26% higher net profits in 2025
Abu Dhabi – Mubasher: Sharjah Islamic Bank recorded 25.70% year-on-year (YoY) higher net profits at AED 1.31 billion in 2025, compared to AED 1.04 billion, according to the financial results. The earnings per share (EPS) climbed to AED 0.38 by the …
Banking and Finance
What does EFG Hermes expect for MENA interest rates in 2026?
29 December 2025 10:23 PM What does EFG Hermes expect for MENA interest rates in 2026?
Mubasher: The existing rate environment in the MENA region remains conducive for extending ongoing credit growth recoveries, according to a recent report by EFG Hermes, an EFG Holding Company. Meanwhile, except for the UAE and Egypt, retail credit …
Global Economy
Kuwait could be region’s black horse in 2026
29 December 2025 09:39 PM Kuwait could be region’s black horse in 2026 – Report
Mubasher: The MENA region still has more to offer in 2026, and when building on Kuwait delivering on its promises in the past couple of years, especially last year, the country is forecast to be the region’s black horse, according to a report by …
Global Economy
Saudi Arabia's Riyadh
29 December 2025 07:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes
Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …
Banking and Finance
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1 February 10:46 AM Yozo.ai closes $1.7m funding round to expand e-commerce globally
UAE - Mubahser: UAE-based e-commerce AI startup Yozo.ai has secured $1.70 million in pre-seed funding, co-led by Access Bridge Ventures and Disruptech Ventures and joined by Arzan VC, Oraseya Capital, Plus VC, Suhail Ventures, Glint Ventures, and …
Companies Investments
Al Seer Marine
1 February 10:35 AM Al Seer Marine ends 2025 with resilient performance; operational profits leap 110%
Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company reported net losses valued at AED 292.66 million in 2025, compared to AED 1.47 billion in 2024. The basic loss per share hit AED 0.29 at the end of 2025, down year-on-year (YoY) …
Financial Results
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1 February 10:12 AM EvolutionX enters Gulf region via Dubai-based Kitopi
UAE - Mubahser: EvolutionX, the growth-stage private credit platform established by Temasek and DBS Bank, led a $50 million growth capital round raised by Kitopi, the Middle East’s leading next-generation F&B ecosystem. This marks the platform’s …
Global Economy
Egypt’s market closes 2025 as best-performing in MENA
28 December 2025 05:23 PM Egypt closes 2025 as best-performing market in MENA – Report
Cairo – Mubasher: Egypt’s market is closing 2025 as the best-performing in the MENA region, surprising positively in the year as it perfectly rode the tide of positive sentiment around emerging markets, according to a report by the EFG Holding …
Real estate
Platinum is experiencing correction after hitting new historic peak – Analysis
25 December 2025 07:57 PM Platinum is experiencing correction after hitting new historic peak – Analysis
Mubasher: Platinum is having a current corrective movement after breaking through the upward channel and reaching a historic peak at the $2,374.1 level, according to the recent analysis. The Relative Strength Index (RSI) has shown that platinum …
Trading Activities
Cross-listed Orascom Construction is testing significant support level – Analysis
25 December 2025 07:43 PM Cross-listed Orascom Construction is testing significant support level – Analysis
Cairo – Mubasher: The stock of Orascom Construction is currently experiencing a downward trajectory, supported by continued trading below the moving average. However, the price has managed to show positive signals from a significant demand area …
Real estate
Khaled Saoud-Al Hasan, GIG Group CEO
25 December 2025 05:42 PM MENA cross-listed insurance group GIG announces retirement of Al Hasan
Mubasher: The board of Gulf Insurance Group (GIG) has accepted the retirement request of Khaled Saoud Al Hasan from his position as GIG Group CEO, according to a press release. Al Hasan’s retirement marks the conclusion of half-century of …
Banking and Finance
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29 January 07:40 PM Lulu expands UAE presence with new express store in Al Ain
Abu Dhabi - Mubasher: Lulu Retail Company, the largest full-line retailer in the GCC, has opened a new express store in Al Ain, further strengthening its presence in a key residential area. Spanning around 17,182 square feet, the store is expected …
Companies Investments
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29 January 07:13 PM NMDC expands fleet with AED 618mn self-propelled dredger
Abu Dhabi - Mubasher: National Marine Dredging Company (NMDC) announced a self-propelled cutter suction dredger valued at AED 618 million, expanding its fleet of more than 170 vessels, according to a press release. The 148-meter vessel has an …
Companies Investments