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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 …
Global Economy
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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 …
Banking and Finance
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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 …
Banking and Finance
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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 …
Banking and Finance
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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 …
Companies Investments
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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 …
Companies Investments
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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
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21 October 2025 00:41 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 …
Mutual Funds
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21 October 2025 11:06 AM FRA rejects Sagasse’s MTO to acquire Elsewedy Electric
Mubasher: The Financial Regulatory Authority (FRA) has rejected the mandatory tender offer (MTO) submitted by Sagasse Investment Company to fully acquire Elsewedy Electric Company. Sagasse intended to offer EGP 65 per share in cash or via share …
Companies Investments
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21 October 2025 09:13 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) …
Banking and Finance
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20 October 2025 03:28 PM CBUAE greenlights Tamara’s license to exapnd in fintech sector
Riyadh - Mubasher: Tamara, Saudi Arabia’s first homegrown fintech unicorn, has officially received a restricted finance license from the Central Bank of the UAE (CBUAE), according to a press release. Tamara anchored its position as a leading …
Global Economy
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20 October 2025 02:58 PM Systemair expands regional footprint with new Riyadh office
Riyadh - Mubasher: Systemair Saudi Arabia has inaugurated its new production facility in Riyadh, expanding the company’s regional footprint, according to a press release. The new office spans approximately 13,000 square meters, with a …
Companies Investments
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20 October 2025 10:36 AM Visa to relocate regional digital sales center from Dubai to Cairo
Mubasher: Visa plans to relocate its regional digital sales center from Dubai to Cairo, leveraging Egypt's competitive advantage in terms of efficiency, operational costs, and technical infrastructure. The digital payment organization intends to …
Companies Investments
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20 October 2025 10:14 AM 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 …
Mutual Funds
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20 October 2025 09:38 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 …
Global Economy
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20 October 2025 09:08 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 …
Global Economy
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19 October 2025 07:46 PM Salama’s shareholders approve capital reductions to offset accumulated losses
Dubai - Mubasher: The shareholders of Islamic Arab Insurance Company (Salama) have approved a capital reduction at the general assembly’s meeting on 16 October, according to a press release. The capital reduction aims to offset accumulated losses …
Management Decisions
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19 October 2025 07:10 PM 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 …
Companies Investments
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19 October 2025 05:46 PM Nanovate closes $2m funding round to expand in Saudi Arabia, UAE
Cairo – Mubasher: Egypt’s AI startup Nanovate has raised $2 million in a pre-seed funding round led by a group of angel investors, according to a press release. The startup will use the new funding to expand in Saudi Arabia and the UAE, strengthen …
Companies Investments