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26 October 2025 08:42 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 …
Companies Investments
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26 October 2025 08:40 AM RAKBANK’s net profits exceed AED 2bn in 9M-25
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) achieved net profits after tax amounting to AED 2.08 billion in the first nine months (9M) of 2025. The recorded net profits were higher by 23% year-on-year (YoY) than AED 1.68 …
Banking and Finance
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26 October 2025 08:38 AM Emirates Driving witnesses solid profitability in 9M-25; revenues near AED 563m
Abu Dhabi - Mubasher: Emirates Driving Company posted 31% year-on-year (YoY) higher net profits after tax at AED 271.89 million in the first nine months (9M) of 2025, versus AED 206.79 million. Basic and diluted earnings per share (EPS) increased …
Financial Results
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26 October 2025 08:36 AM du logs AED 2.1bn profits in 9M-25; revenues surge 8%
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) generated AED 2.18 billion in net profit after tax during the first nine months (9M) of 2025, an annual rise of 14.60% from AED 1.90 billion. Total revenues climbed by 8% to AED …
Financial Results
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26 October 2025 08:32 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 …
Banking and Finance
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23 October 2025 07:53 PM 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 …
Real estate
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23 October 2025 07:12 PM Ajman Bank posts higher profits after tax at AED 380m in 9M-25
Dubai - Mubasher: Ajman Bank generated profits after tax totaling AED 379.90 million in the first nine months (9M) of 2025, marking a year-on-year (YoY) hike from AED 289.56 million. Basic and diluted earnings per share (EPS) grew to AED 0.14 in …
Financial Results
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23 October 2025 05:51 PM 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 …
Financial Results
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23 October 2025 03:42 PM Bank of Sharjah sees 47% higher net profits in 9M-25
Abu Dhabi – Mubasher: Bank of Sharjah logged AED 434.63 million in net profit during the first nine months (9M) of 2025, marking an annual surge of 47% from AED 295.61 million. Basic and diluted earnings per share (EPS) increased to AED 0.14 as of …
Banking and Finance
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23 October 2025 01:15 PM Emirates NBD witnesses robust financial performance; KSA leads lending growth
Dubai – Mubasher: Emirates NBD recorded AED 36.70 billion income for the first nine months (9M) of 2025, as the lender continues strong growth momentum in both interest income and non-funded income across all countries, segments, and products. …
Financial Results
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23 October 2025 00:33 PM TabSense closes $5m funding round to expand regional sales
Riyadh - Mubasher: Saudi AI startup TabSense has raised $5 million in a funding round to launch the first AI Agentic Point of Sale (PoS) system for multi-branch and franchise restaurants and cafés. Led by Jasoor Ventures, the funds will boost …
Global Economy
Bilal Abu-Ghazaleh, Founder of 1001 AI
23 October 2025 11:39 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), …
Companies Investments
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23 October 2025 11:31 AM MNEA-focused Cercli to build AI-native workforce platform via $12m funding round
UAE - Mubasher: UAE-based workforce management platform Cercli has secured $12 million in a series A funding round led by Picus Capital, according to a press release. The fundraising transaction also saw participation from Knollwood Investment …
Global Economy
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23 October 2025 09:09 AM CBD posts higher profits in 9M-25; net loans exceed AED 100bn
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) generated AED 2.57 billion in net profit during the first nine months (9M) of 2025, an annual rise of 15.60% from AED 2.23 billion. Basic and diluted earnings per share (EPS) amounted to AED …
Banking and Finance
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23 October 2025 09:06 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 …
Financial Results
Representatives of Jafza and OSM
22 August 2025 00:55 AM Indian EV maker plans $25m investment in Jafza to serve over 2bn consumers in Middle East, Africa
UAE – Mubasher: Omega Seiki Mobility (OSM), India’s electric vehicle (EV) manufacturer, has launched its first international facility in Jafza over an area exceeding 42,000 square feet. The company will be investing $25 million (AED 92 million) in …
Global Economy
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21 August 2025 07:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Companies Investments
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22 October 2025 00:07 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Global Economy
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22 October 2025 09:28 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 …
Financial Results
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21 October 2025 06:02 PM NBF, Finesse Global cooperate to drive AI-focused financing in UAE
Abu Dhabi - Mubasher: National Bank of Fujairah (NBF) has signed a memorandum of understanding (MOU) with AI-centric digital transformation firm Finesse Global to provide dedicated system integrator financing solutions. Finesse will secure …
Companies Investments
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21 October 2025 05:23 PM MoneyHash, Tabby to expand BNPL access for merchants across MEA
Mubasher: MoneyHash joined forces with Tabby, the Saudi Arabia–headquartered financial services app, to reinforce digital transformation and financial inclusion initiatives across the MEA region. The partnerships will offer merchants seamless …
Global Economy
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21 October 2025 04:04 PM 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 …
Mergers and Acquisitions
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21 October 2025 02:56 PM Aldar Estates, PARKONIC launch AI-powered parking JV
Abu Dhabi – Mubasher: Aldar Estates, part of Aldar Properties, and PARKONIC launched a joint venture (JV) to deliver AI-driven parking solutions across its communities and retail destinations in Abu Dhabi and Al Ain. The partnership combines Aldar …
Companies Investments
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21 October 2025 01:49 PM Lulu Retail expands Saudi presence with new hypermarket in Riyadh
Mubasher: Lulu Retail Holdings has opened a new 63,995-square-foot hypermarket in Tuwaiq, Riyadh, as part of its 2025 expansion strategy. The new branch offers fresh produce, groceries, electronics, fashion, home essentials, and ready-to-eat …
Global Economy
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21 October 2025 01:30 PM UAE-based Qashio acquires Sanad Cash to achieve global ambitions
Mubasher: UAE’s leading corporate spend management platform Qashio acquired Sanad Cash, one of Saudi Arabia’s first and most established expense management solutions. This move aligns with the company’s plans to expand its growth into the Kingdom …
Banking and Finance