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28 April 2025 00:26 PM iMENA raises $135m pre-IPO investment
Riyadh - Mubasher: iMENA Group, a regional leader in digital platforms in the MENA region, has raised $135 million from Sanabil Investments, a wholly owned company of the Public Investment Fund (PIF). The capital raise is comprised of a private …
Companies Investments
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28 April 2025 09:58 AM Hub71 records $2.1bn in startup funding during 2024
UAE – Mubasher: Abu Dhabi's global tech ecosystem Hub71 startups recorded $2.17 billion (AED 8.02 billion) in funding during 2024, an annual hike of 44.70% from $1.50 billion (AED 5.40 billion). This performance highlights strong investor …
Global Economy
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27 April 2025 01:07 PM Dubai National Insurance’s general assembly raises cash dividends for 2024
Dubai – Mubasher: Dubai National Insurance announced that the general assembly approved a 15% cash dividend to shareholders amounting to AED 17.32 million, according to a press release. Khalaf Al Habtoor, Chairman of Dubai National Insurance, …
Cash Dividends
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27 April 2025 11:32 AM DIB records AED 1.7bn profits in Q1-25; total income down 2%
Dubai – Mubasher: Dubai Islamic Bank (DIB) registered AED 1.79 billion in net profit during the first quarter (Q1) of 2025, an annual increase of 8% from AED 1.66 billion. Basic and diluted earnings per share (EPS) went up to AED 0.23 as of 31 …
Banking and Finance
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27 April 2025 09:19 AM Hushday to launch Middle East’s 1st premium flash sales platform
UAE - Mubasher: Dubai-based Hushday, the region’s first premium flash sales platform, has raised over AED 2 million ($550,000) in pre-seed funding from regional tech investors. The startup aims to develop a new channel for luxury and premium …
Companies Investments
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24 April 2025 07:39 PM Platformance launches regional hub in Cairo
Cairo – Mubasher: Platformance, a growth technology platform, has officially opened its new office in Egypt, expanding its investment in the MENA region, according to a press release. Located in Cairo, the new office aligns with the company’s …
Companies Investments
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24 April 2025 03:50 PM ADREC logs AED 25.3bn property transactions in Q1-25
UAE - Mubasher: The Abu Dhabi Real Estate Centre (ADREC), an affiliate of the Department of Municipalities and Transport, reported 34.50% year-on-year (YoY) higher property transactions at AED 25.30 billion in the first quarter (Q1) of 2025. …
Companies Investments
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24 April 2025 03:05 PM Ottu teams up with HyperPay to boost digital payments in MENA
Mubasher: Ottu partnered with HyperPay, a leading digital payment solutions provider, to transform the digital payments landscape across the MENA region. The mutual collaboration agreement (MCA) will secure a range of strategic benefits to …
Global Economy
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24 April 2025 01:35 PM CBD records 18% higher net profits in Q1-25
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) generated AED 828.11 million in net profit during the first quarter (Q1) of 2025, up 18.10% from AED 700.98 million a year earlier. Basic and diluted earnings per share (EPS) increased to AED …
Financial Results
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24 April 2025 00:07 PM ADIB’s profits rise 18% in Q1-25
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) logged 18% year-on-year (YoY) higher net profits after tax at AED 1.71 billion in the first quarter (Q1) of 2025,  compared to AED 1.45 billion. Basic and diluted earnings per share (EPS) …
Financial Results
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23 April 2025 07:52 PM Global group Hilton pens 2 development deals in Egypt
Mubasher: Global hotels and resorts group Hilton signed two new properties in Cairo’s New Administrative Capital (NAC) in partnership with Panax Company, part of Selim Holding Group, according to a press release. Expected to open in 2028, Hilton …
Global Economy
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23 April 2025 07:13 PM PayPal expands in MEA with new Dubai office
UAE - Mubasher: PayPal launched a new regional hub in Dubai, which serves as the company’s first-ever location in the Middle East and Africa (MEA) region. The Dubai Internet City office anchors PayPal’s commitment to enabling millions more …
Global Economy
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23 April 2025 06:08 PM Intelcia opens regional office in Egypt
Cairo – Mubasher: Intelcia, a global leader in outsourcing services, has officially inaugurated its new regional headquarters in Egypt, according to a press release. Located in Ivory Business Park in Sheikh Zayed City, the new office is part of …
Global Economy
23 April 2025 05:36 PM Tesla jumps, Wall St would rise after Trump statement
Global Markets brief
Namir El Akabi, Founder and Chairman of Amwaj Group, and Omar Gull, Founder of Cledor
23 April 2025 03:28 PM Amwaj acquires 18% shareholding in Cledor at $100m post-money valuation
UAE – Mubasher: Amwaj International has acquired an 18% stake in Dubai-based development firm Cledor, marking its entry into the rapidly growing real estate market in the UAE. The transaction has a post-money valuation hitting $100 million, …
Companies Investments
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23 April 2025 01:02 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on 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 the funds …
Companies Investments
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23 April 2025 00:37 PM Al Ansari Exchange, Visa expand partnership to boost financial ecosystem
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, extended its strategic partnership with Visa to drive innovation and redefine the customer experience through advanced digital payment solutions and card …
Companies Investments
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23 April 2025 10:30 AM Dubai-based startup Arabic.AI launches MENA’s 1st agentic AI platform
UAE – Mubasher: Tarjama’s Arabic.AI platform has launched MENA's first agentic AI platform specifically engineered for the Arabic language, according to a press release. Founded in the UAE in 2008 by Nour Al Hassan, Tarjama has been committed to …
Companies Investments
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22 April 2025 08:57 PM 7awi enhances regional presence via new appointment for Saudi Arabia
Mubasher: Dubai-based 7awi Media Group has named Amjad Fakhoury as the new Country Head for its operations in Saudi Arabia to lead the company’s strategic expansion, according to a press release. The new appointment of Fakhoury aims to drive …
Global Economy
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22 April 2025 08:13 PM Emirates Islamic Bank’s profits hike to AED 1bn in Q1-25
Dubai – Mubasher: The net profits of Emirates Islamic Bank jumped to AED 1 billion in the first quarter (Q1) of 2025 from AED 811.44 million in Q1-24. Earnings per share (EPS) increased to AED 0.18 as of 31 March 2025 from 0.14 in the year-ago …
Financial Results
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22 April 2025 07:45 PM Emaar contributes $1bn to promote Dubai’s global infrastructure
Dubai – Mubasher: Emaar Properties invested over $1 billion in enhancing Dubai’s global identity, affirming the company’s commitment to reinforcing the city’s international position with landmark social infrastructure. Emaar announced ongoing …
Companies Investments
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22 April 2025 07:15 PM Emirates NBD registers AED 6.2bn profits in Q1-25
Dubai – Mubasher: Emirates NBD recorded net profits after tax amounting to AED 6.21 billion in the first quarter (Q1) of 2025, an annual drop of 7% from AED 6.71 billion. Total operating income jumped by 11% year-on-year (YoY) to AED 11.87 billion …
Banking and Finance
Mapei Group
22 April 2025 04:54 PM Italian group Mapei opens production facility in Egypt
Cairo – Mubasher: The Mapei Group for the production of chemical products for the building industry has strengthened its industrial presence in North Africa with the opening of a new production plant in Egypt. The new facility is located in the …
Global Economy
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22 April 2025 11:31 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher:  Based on 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 the funds …
Companies Investments
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22 April 2025 10:53 AM RAKBANK’s assets exceed AED 90bn for 1st time in Q1-25; profits up 23%
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) achieved net profits after tax valued at AED 704.49 million in the first quarter (Q1) of 2025, an annual rise of 22.70% from AED 574.19 million. Interest income hiked to AED 1.11 …
Financial Results