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26 September 03:27 PM

Middle east news

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28 August 03:47 PM PRE Group logs lower consolidated profits in H1-25; contractual sales near EGP 13.7bn
Riyadh - Mubasher: Pioneers Properties for Urban Development (PRE Group) registered an annual fall in consolidated net profits to EGP 504.22 million during the first half (H1) of 2025, versus EGP 1.33 billion. Earnings per share (EPS) reached EGP …
Real estate
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28 August 01:57 PM FAB offers 1st Blue Bond issuance in Gulf region at $50m
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has issued a HKD 390 million ($50 million) Blue Bond, marking the first-ever Blue Bond issued by a financial institution in the Gulf countries. The five-year issuance anchors FAB’s position in …
Banking and Finance
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28 August 01:27 PM Tecom Group approves AED 1.6bn acquisition to expand Dubai Industrial City
Dubai – Mubasher: The board members of Tecom Group approved the acquisition of 33 million sq.ft of land at Dubai Industrial City for AED 1.60 billion, according to a press release. The deal with Dubai Holding Asset Management will expand the …
Companies Investments
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28 August 12:23 PM Gadwa posts 47% plunge in H1-25 consolidated net profits
Riyadh - Mubasher: The consolidated net profits of Gadwa for Industrial Development hit EGP 641 million in the first half (H1) of 2025, marking a 46.91% year-on-year (YoY) drop from EGP 1.20 billion. Total revenues dropped to EGP 9.09 billion as …
Financial Results
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28 August 11:47 AM ADNOC expands global business via 15-year LNG supply deal with IndianOil
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Limited (IndianOil) for 1 million tons per annum (mtpa) of liquefied natural gas (LNG) from its Ruwais …
Global Economy
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28 August 11:07 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 Investment Funds as well as the price of each certificate in EGP and USD, as …
Banking and Finance
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28 August 07:52 AM CBE offers EGP 85bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 85 billion through two tranches on Thursday, 28 August. The first auction stood at EGP 35 billion and will mature in 182 days on 3 …
Central Banks
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28 August 07:28 AM Journify scales regional operations via Riyadh office
Riyadh - Mubasher: Journify has expanded its footprint into Saudi Arabia through a partnership with AstroLabs, the Gulf region’s leading business expansion platform, according to a press release. Journify’s Saudi expansion comes during a period of …
Companies Investments
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28 August 06:26 AM SNB Capital concludes 100 investment banking transactions since inception
Riyadh - Mubasher: SNB Capital has closed 100 investment banking transactions since its inception in 2021, with a combined value of more than SAR 750 billion ($200 billion), according to a press release. The company concluded an average of two or …
Companies Investments
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27 August 06:56 PM Amlak International secures SAR 250m financing from Emirates NBD- KSA
Riyadh – Mubasher: Amlak International Finance Company inked a Sharia-compliant facility agreement worth SAR 250 million with Emirates NBD- KSA Bank on 26 August 2025. The company will use the four-year loan to facilitate its business and increase …
Banking and Finance
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27 August 06:00 PM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations
Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million …
Companies Investments
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27 August 05:22 PM Kima’s net profits near EGP 1bn in FY2024/25
Cairo – Mubasher: Egyptian Chemical Industries (Kima) generated net profits after tax valued at EGP 999.97 million in fiscal year (FY) 2024/25, down year-on-year (YoY) from EGP 2.53 billion. Basic earnings per share (EPS) plunged to EGP 0.50 at …
Financial Results
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27 August 04:55 AM Egypt's exports to UAE leap 153% in H1-25
Cairo – Mubasher: Egypt's exports to the UAE hiked by 153.30% to $3.80 billion in the first half (H1) of 2025 from $1.50 billion in H1-24, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). On the other hand, the …
Macroeconomics
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27 August 04:53 AM Flynas resumes flights to Kuwait
Riyadh – Mubasher: Flynas Company has resumed direct flights between Jeddah and Kuwait as of 1 November to further expand its network in line with its growth and expansion plan. This aligns with national objectives in the aviation and tourism …
Companies Investments
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27 August 04:51 AM Maalexi fuels regional expansion via $20m fundraising transaction
UAE – Mubasher: Maalexi, a cross-border agri-trade end-to-end transaction platform, has secured a shariah-compliant credit facility of up to $20 million from Amwal Capital Partners (ACP), an independent firm specializing in alternative investments …
Banking and Finance
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27 August 04:49 AM Agility Global’s Menzies Aviation completes acquisition of G2 Secure Staff for $305m
Mubasher: Menzies Aviation, a subsidiary of Agility Global, has fully acquired US-based G2 Secure Staff for an enterprise value consideration of $305 million plus a deferred consideration of $10 million payable in 2026. The transaction is subject …
Companies Investments
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27 August 04:46 AM Sukoon to provide Takaful coverage to Emiratis up to 95 years
Dubai - Mubasher: Sukoon Takaful has partnered with the Sheikh Zayed Housing Program (SZHP) to introduce a Family Takaful scheme for eligible UAE Nationals. As part of the program, Sukoon Insurance and Sukoon Takaful will join UAE insurers …
Banking and Finance
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27 August 04:45 AM Altharwah Albashariyyaah wins over SAR 15m project award from NCA
Riyadh - Mubasher: Altharwah Albashariyyah Company has received a project award notification from the National Cybersecurity Authority (NCA) with a total value of SAR 15.21 million. The award covers the execution of external training programs for …
Companies Investments
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27 August 04:43 AM ElSaeed Contracting sees higher profits in H1-25; consolidated revenues hit EGP 861m
Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company posted consolidated net profits after tax valued at EGP 99.49 million in the first half (H1) of 2025, an annual growth from EGP 75.90 million. Operating revenues declined to …
Financial Results
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26 August 03:35 PM Knowledge Economic City obtains SAR 305m Islamic financing from Riyad Bank
Riyadh - Mubasher: Knowledge Economic City Company has secured a Shariah-compliant financing valued at SAR 305 million from Riyad Bank. The loan aims to fund the completion of the Al-Alya Project’s remaining residential component, according to a …
Sukuk and Islamic Finance
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26 August 03:21 PM Falak backs Blomal Capital’s pre-seed funding round to boost digital investment
Riyadh - Mubasher: Saudi fintech Blomal Capital has secured a pre-seed round investment at an undisclosed amount from Falak Investment Hub, according to a press release. Blomal was founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, …
Companies Investments
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26 August 02:42 PM Al Rantisi to lead Shuaa Capital’s growth strategy as new CEO
Dubai - Mubasher: Shuaa Capital has appointed Nabil Al Rantisi as its new CEO, effective 1 September 2025, according to a bourse disclosure. Al Rantisi succeeds Wafik ben Mansour, who will become Senior Advisor to the board after leading the …
Corporate Actions
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26 August 01:57 PM Al Sagr Insurance’s accumulated losses hit AED 201.5m in Q2-25
Dubai - Mubasher: Al Sagr National Insurance Company incurred accumulated losses of AED 201.43 million, equivalent to 87.60% of its paid-up capital, in the second quarter (Q2) of 2025. The losses were due to a decline in investment values, …
Banking and Finance
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26 August 01:18 PM EFIC reports lower consolidated net profits at EGP 644m in H1-25
Cairo - Mubasher: Egyptian Financial and Industrial (EFIC) registered an annual drop of  18.33% in consolidated net profits after tax to EGP 644.22 million during the first half (H1) of 2025, versus EGP 788.88 million. Sales hit EGP 5.34 billion …
Financial Results
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26 August 01:06 PM Impact46 fully acquires Kammelna for $53m to expand global reach
Riyadh - Mubasher: Impact46 has acquired the Saudi game development studio Kammelna in exchange for $53 million (SAR 200 million). This investment will accelerate new cultural games, expansion, and global reach, according to a press release. …
Global Economy