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Abu Dhabi Ports Company (AD Ports)
12 March 2025 07:02 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 06:30 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 03:18 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. …
Banking and Finance
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12 March 2025 02:15 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 …
Companies Investments
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11 March 2025 05:45 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 04:33 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 02:19 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 …
General Assembly
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11 March 2025 01:02 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 …
Banking and Finance
Photo Archive
11 March 2025 00:14 PM 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 …
Banking and Finance
Photo Archive
11 March 2025 11:41 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 …
Mutual Funds
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11 March 2025 10:40 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 09:33 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 …
Mergers and Acquisitions
Photo Archive
10 March 2025 00:22 PM 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 …
Mutual Funds
Photo Archive
10 March 2025 11:48 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
Photo Gallery
9 March 2025 06:58 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
Photo Gallery
9 March 2025 06:17 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
Photo Archive
9 March 2025 05:32 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 …
Corporate Actions
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9 March 2025 02:11 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 …
Banking and Finance
Photo Archive
9 March 2025 01:44 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
Photo Archive
9 March 2025 10:49 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 …
Global Economy
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6 March 2025 03:15 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 …
Cash Dividends
Photo Archive
6 March 2025 02:57 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 …
Banking and Finance
Photo Archive
6 March 2025 01:59 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 11:21 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 07:26 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