KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
10 May 07:45 PM

Top News

Photo Archive
9 May 04:05 PM Presight’s consolidated profit rises to AED 96m in Q1-24
Abu Dhabi – Mubasher: Presight AI Holding recorded a consolidated net profit after tax of AED 95.94 million in the first quarter (Q1) of 2024, up from AED 72.40 million in the comparative period of 2023. Revenues rose to AED 262.13 million in …
Financial Results
Photo Archive
9 May 03:48 PM Rak Properties unveils AED 41.5m net profits in Q1-24
Abu Dhabi – Mubasher: Rak Properties posted lower net profits after tax at AED 41.45 million in the first quarter (Q1) of 2024, compared to AED 44.60 million in Q1-23. Meanwhile, the revenues increased to AED 289.81 million in Q1-24 from AED …
Real estate
Photo Archive
9 May 03:01 PM Aldar Properties’ investment arm issues $500m green sukuk
Abu Dhabi – Mubasher: ​Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, has issued a $500 million green sukuk. The 10-year issuance is a part of a $2 billion trust certificate issue programme launched in 2023, according to a …
Sukuk and Islamic Finance
Photo Gallery
9 May 01:38 PM Emirates Steel Arkan’s net profits exceed AED 128m in Q1-24
Abu Dhabi – Mubasher: Emirates Steel Arkan logged net profits after tax valued at AED 128.22 million in the first quarter (Q1) of 2024, down year-on-year (YoY) from AED 152.17 million. Revenues plummeted to AED 2.13 billion in Q1-24 from AED 2.40 …
Financial Results
Photo Gallery
9 May 11:45 AM DSI’s net losses deepen to AED 46m in Q1-24
Dubai – Mubasher: Drake & Scull International (DSI) incurred net losses amounting to AED 46.20 million in the first quarter (Q1) of 2024, an annual plunge from AED 119.17 million. The Q1-24 loss was mainly driven by a net financing cost of AED 39 …
Financial Results
Photo Gallery
9 May 11:18 AM ADNOC inks 15-year LNG agreement with Germany’s EnBW
UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a 15-year agreement with Germany’s EnBW Energie Baden-Württemberg for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The deliveries are …
Companies Investments
Photo Gallery
9 May 09:48 AM ADNOC Distribution sees higher profits in Q1-24; growth plans announced
Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) hit AED 549.64 million in the first quarter (Q1) of 2024. The generated net profits were higher than AED …
Cash Dividends
Photo Archive
8 May 04:33 PM NMDC posts AED 641m consolidated profit in Q1-24
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) logged a consolidated net profit of AED 641.06 million in the first quarter (Q1) of 2024, a surge from AED 303.32 million in the same period a year earlier. Revenues from contracts with …
Financial Results
Photo Archive
8 May 03:57 PM Amlak Finance’s net profit hits AED 27m in Q1-24
Dubai – Mubasher: Amlak Finance posted a net profit of AED 27 million during the first quarter (Q1) of 2024, up from AED 14 million in the same quarter a year earlier. The company’s total revenues declined to AED 68 million in Q1-24 from AED 74 …
Financial Results
Photo Gallery
8 May 02:46 PM Air Cairo chooses Seera’s Almosafer as exclusive agent in Saudi Arabia
Riyadh – Mubasher: Egypt’s hybrid national airline Air Cairo has partnered with the Saudi travel company Almosafer, a subsidiary of Seera Group Holding, to become the exclusive general sales agent (GSA) of Air Cairo in Saudi Arabia, according to a …
Global Economy
Photo Archive
8 May 02:11 PM Mastercard restructures leadership roles in MENA
Riyadh - Mubasher: Payments giant Mastercard announced restructuring its regional operations, appointing new division leaders as it aims to step up growth across the Middle East and North Africa (MENA). This initiative forms part of the company's …
Global Economy
Photo Gallery
8 May 11:43 AM Dana Gas’ consolidated profit dips to $38m in Q1-24
Abu Dhabi – Mubasher: Dana Gas posted a $38 million (AED 139 million) consolidated net profit in the first quarter (Q1) of 2024, down from $50 million (AED 183 million) in the same quarter a year earlier. Gross revenues declined to $97 million …
Financial Results
Photo Gallery
8 May 11:21 AM Beltone, UAE’s Comera partner to boost digitalisation in Egypt
Cairo – Mubasher: Beltone Holding has signed a strategic partnership agreement with Abu Dhabi-based Comera Financial Holding to bolster digital transformation and customer experience in Egypt. Under the agreement, the two companies will join …
Companies Investments
Photo Archive
8 May 10:28 AM ADNOC L&S logs 34% YoY profit hike in Q1-24
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) reported a 34% year-on-year (YoY) leap in net profit to $194 million (AED 712 million) in the first quarter (Q1) of 2024 from $145 million (AED 533 million). Revenues soared 42% YoY to …
Financial Results
Photo Gallery
7 May 05:05 PM Mubadala invests in Australia's largest urea plant
UAE – Mubasher: Mubadala Investment Company and US-based Global Infrastructure Partners have injected AUD 6.40 billion ($4.20 billion) in a major urea fertilisers plant in West Australia. The project, implemented by Perdaman, an Australian …
Companies Investments
Photo Gallery
7 May 03:54 PM UAE card payments market to exceed $200bn in 2028 – GlobalData
UAE - Mubasher: The card payments market in the UAE is expected to grow at a compound annual growth rate (CAGR) of 10.60% between 2024 and 2028, according to a report by GlobalData. The report forecast the market to reach a value of AED 764.10 …
Banking and Finance
Photo Gallery
7 May 03:15 PM FABMISR opens 2 new branches in Giza, Cairo
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has inaugurated two new branches in Egypt. The new branches, the bank’s 66th and 67th in the country, are located on El-Haram Street in Giza …
Banking and Finance
Photo Archive
7 May 02:44 PM Emirates inks MoUs to boost tourism in Malaysia, Turkey; A350 network expanded
UAE – Mubasher: Air travel giant Emirates has signed memorandums of understandings (MoUs) with Tourism Malaysia, Türkiye Tourism Promotion and Development Agency (TGA), and the Abu Dhabi Chamber of Commerce. The three MoUs were signed on the first …
Companies Investments
Photo Archive
7 May 02:10 PM NCTH sees higher net profits in Q1-24
Abu Dhabi – Mubasher: National Corporation for Tourism and Hotels (NCTH) logged net profits after tax valued at AED 19.57 million in the first quarter (Q1) of 2024, versus AED 19.16 million in Q1-23. NCTH generated revenues amounting to AED 171.72 …
Financial Results
Photo Archive
7 May 02:00 PM Fitch Ratings affirms Bank of Sharjah’s IDR at 'BBB+'; outlook stable
Abu Dhabi – Mubasher: Fitch Ratings has affirmed Bank of Sharjah’s long-term issuer default rating (IDR) at 'BBB+' with a stable outlook. The rating agency upgraded the bank’s viability rating (VR) to ‘b-‘ from 'ccc+', according to a press …
Banking and Finance
Photo Archive
7 May 01:36 PM Empower’s net profits fall to AED 165.5m in Q1-24
Dubai – Mubasher: The net profits of Emirates Central Cooling Systems Corporation (Empower) declined to AED 165.50 million in the first quarter (Q1) of 2024 from AED 167.35 million in Q1-23. Empower posted revenues amounting to AED 537.72 million …
Financial Results
Photo Archive
7 May 12:17 PM DAMAC Properties expands in Beijing, Singapore
UAE - Mubasher: DAMAC Properties has inaugurated new offices in Beijing and Singapore. The new openings come in line with the company’s commitment to investment and expansion in the Asia–Pacific region (APAC), according to a press release. Abbas …
Companies Investments
Photo Archive
7 May 11:28 AM Masdar to expand green hydrogen projects in Egypt’s SCZONE, Mediterranean coast
By: Mahmoud Gamal UAE – Mubasher: Abu Dhabi Future Energy Company (Masdar) is planning to expand its green hydrogen production in Egypt’s Suez Canal Economic Zone (SCZONE) and along the Mediterranean coast, Mohammad Abdelqader El-Ramahi, Chief …
Global Economy
Photo Archive
7 May 11:05 AM IHC unveils 87.5% higher profits in Q1-24, AED 5bn share buyback plan
Abu Dhabi – Mubasher: International Holding Company (IHC) recorded 87.60% higher net profits after tax at AED 8.01 billion in the first quarter (Q1) of 2024, compared to AED 4.27 billion in Q1-23. IHC generated revenues amounting to AED 19.28 …
Board of Directors
Photo Gallery
7 May 09:44 AM ADNOC Gas announces 15% higher revenues in Q1-24, $13bn investment plans
Abu Dhabi – Mubasher: ADNOC Gas posted a 15% year-on-year (YoY) surge in revenues to $6.01 billion during the first quarter (Q1) of 2024, compared to $5.22 billion. The adjusted net income hiked by 21% YoY to $1.18 billion in Q1-24, while the …
Financial Results