Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) achieved a net profit after tax worth AED 1.45 billion during the first quarter (Q1) of 2024, signalling a 32% increase from AED 1.10 billion in Q1-23. The UAE lender generated revenues of AED …
Abu Dhabi – Mubasher: E7 Group’s assembly general meeting (AGM) has sanctioned the division of each issued share, previously valued at AED 2.50, into 10 shares, each valued at AED 0.25. The company’s share capital has been set at AED 524.81 …
Abu Dhabi – Mubasher: The annual general meeting (AGM) of e& approved a new progressive dividend policy with an annual incremental increase of AED 0.03 for the years 2024, 2025, and 2026. The raise will bring the dividend per share (DPS) to AED …
Abu Dhabi – Mubasher: RAK Ceramics elected Saqr bin Saud bin Saqr Al Qasimi as the Chairman of the board. Fawaz Sulaiman Al Rajhi as the Vice Chairman was announced as the Vice Chairman, according to a bourse disclosure. The board members of RAK …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Wednesday’s trading session higher by 1.01 points (0.02%) at 4,167.33 points. The turnover stood at AED 546.19 million through the exchange of 178.97 million shares. Gulf …
UAE – Mubasher: ARA Real Estate Development, a subsidiary of Core Holding, has revealed an AED 22 billion gated community project in Abu Dhabi. Named Arabian Hills Estate, the project is planned to be built on 244 million square feet, according to …
Abu Dhabi – Mubasher: AD Ports Group penned agreements with Unicargas and Multiparques to serve the facility and the broader Angolan logistics market AD Ports will acquire an 81% stake in a joint venture (JV) that will operate the terminal in …
UAE – Mubasher: Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42, a subsidiary of artificial intelligence (AI) technology company G42. The partnership aims to start the …
Dubai – Mubasher: The net profits of Dubai Islamic Bank (DIB) surged to AED 1.66 billion in the first quarter (Q1) of 2024 from AED 1.50 billion in Q1-23. DIB registered a total net income amounting to AED 5.60 billion in Q1-24, higher by 27% than …
UAE – Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has entered into a partnership agreement with Plenary Group, an Australian investor and developer of public-private infrastructure projects. Under the agreement, ADQ will …
Abu Dhabi - Mubasher: Sawaeed Holding appointed Abdulla Rashed Mohammad Rashed Al Rashdi as the Chairman of the board. The board members also named Obaid Helal Obaid Mohammed Al Kaabi as the Vice Chairman, according to a bourse disclosure. In the …
Cairo – Mubasher: Egypt-based fintech Bokra has closed a $4.60 million pre-Seed round led by DisrupTech Ventures and SS Capital, according to a press release. The fintech will use the funding to reshape wealth management in the MENA region by …
UAE – Mubasher: Dubai Chamber of Digital Economy, operating under Dubai Chambers, attracted nine multinational companies (MNCs) with a market value exceeding AED 304 billion ($82.84 billion) in 2023. This aligns with the emirate’s growing strategy …
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has launched du Pay to foster the UAE’s cashless economy and enhance its financial inclusion, according to a press release. Licensed by the Central Bank of the UAE (CBUAE), du …
UAE – Mubasher: The UAE has signed a memorandum of understanding (MoU) with Iraq, Qatar, and Türkiye for cooperation on the Development Road project. The project seeks to create a sustainable economy bridging East and West, increase international …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) went down by 1.34 points (0.03%) and ended Tuesday’s trading session at 4,166.32 points. DFM’s turnover reached AED 329.12 million through the exchange of 130.73 million shares. Emaar …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked a partnership with Astra Tech, becoming the first lender to provide users across the country access to financial services on the Botim Ultra app. ADIB and Botim will join forces to develop …
Dubai – Mubasher: The annual general meeting (AGM) of Emaar Properties approved a cash dividend of 50 fils per share amounting to AED 4.40 billion ($1.20 billion) for 2023. The cash dividends align with the company's profitability and commitment …
UAE – Mubasher: Etihad Airways started operating Airbus A380 double-decker aircraft with the first flight arriving at John F. Kennedy International Airport in New York from Abu Dhabi. The addition of the A380 has boosted Etihad's capacity in the …
Abu Dhabi – Mubasher: The net profits attributable to the owners of Sharjah Islamic Bank hit AED 259.65 million in the first quarter (Q1) of 2024, an annual growth from AED 233.06 million. Total operating income jumped to AED 504.74 million in …
UAE – Mubasher: Spinneys 1961 Holding set the price range for its initial public offering (IPO) on the Dubai Financial Market (DFM) between AED 1.42 and AED 1.53 per Share. The IPO will imply a market cap at the time of listing of between nearly …
Cairo – Mubasher: The Egyptian government is in talks with the UAE’s Emirate of Fujairah and Brooge Petroleum and Gas Investment Company (BPGIC) to sign a preliminary agreement for building a free zone for production, storage, and trade of oil and …
UAE – Mubasher: The National Forum for Small and Medium Enterprises - Government Procurement is set to launch in Dubai on Tuesday, 23 April 2024. The forum will be attended by more than 80 federal entities, national companies, and many owners of …
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) declined by 6.90 points (0.16%) on Monday, closing at 4,167.66 points. A total of 203.73 million shares were exchanged at a turnover of AED 383.90 million. National International …
UAE – Mubasher: British Airways has recommenced flights to Zayed International Airport in Abu Dhabi. The route has been paused for four years, according to the Emirates News Agency (WAM). Elena Sorlini, Managing Director and CEO at Abu Dhabi …
