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24 August 2025 04:50 PM Telecom Egypt, NaiTel boost regional connectivity via ‘Coral Bridge’ subsea cable
Cairo - Mubasher: Telecom Egypt and Jordan’s NaiTel, a telecom arm of Aqaba Digital Hub (ADH), have completed the ‘Coral Bridge’ subsea cable, according to a bourse disclosure. The cable marks the first direct digital link between the two …
Global Economy
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24 August 2025 02:02 PM Dubai’s Spinneys enters Kuwait through Alshaya’s JV, expands GCC business
Dubai - Mubasher: Premium food retailer Spinneys has entered the Kuwait market through a joint venture (JV) with Alshaya Group, expanding its GCC presence to four markets. Under the partnership, Spinneys will hold a 51% majority stake in the JV …
Companies Investments
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24 August 2025 08:42 AM ACWA Power secures SAR 12.8bn from regional, global banks for CCGT power plants
Riyadh - Mubasher: ACWA Power company achieved the financial close for two large-scale combined cycle gas turbine (CCGT) power plants at a value of SAR 12.80 billion ($3.40 billion). Located in Riyadh and the Eastern province of Saudi Arabia, …
Global Economy
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24 August 2025 07:57 AM ADNH Catering boosts regional expansion strategy via 50% stake in Compass Arabia
Abu Dhabi - Mubasher: ADNH Catering has acquired a 50% stake in Compass Arabia Limited, a Saudi joint venture (JV), accelerating its growth in the Kingdom. Starting from August 2025, the JV's performance will now be consolidated into ADNH …
Mergers and Acquisitions
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21 August 2025 07:30 PM Presight’s AI-Startup Accelerator brings together 10 global firms in Abu Dhabi
Abu Dhabi - Mubasher: Presight AI Holding is hosting its first-ever AI-Startup Accelerator Bootcamp in Abu Dhabi, gathering 10 startups globally to scale real-world AI solutions. During the three-day event, the startups will embark on a rigorous …
Companies Investments
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21 August 2025 06:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Companies Investments
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21 August 2025 02:34 PM CI Capital backs regional expansion plans via EGP 4.9bn revenues in H1-25
Cairo - Mubasher: CI Capital Holding for Financial Investments registered an annual drop in consolidated net profits after tax to EGP 699.28 million in the first half (H1) of 2025, compared to EGP 1.31 billion. Total revenues declined to EGP 4.92 …
Financial Results
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20 August 2025 11:49 AM Lulu Retail launches new express store in Dubai to expand regional footprint
Abu Dhabi - Mubasher: Lulu Retail Holdings has opened a new 22,000-square-foot Lulu express store in Nad Al Hammar, Dubai, marking its 112th store in the UAE. The launch is part of the company’s expansion plans and underscores its strong retail …
Global Economy
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17 August 2025 10:04 AM EFG Holding delivers strong performance in H1-25 despite geopolitical volatility in MENA
Cairo – Mubasher: EFG Holding generated EGP 2.86 billion in consolidated net profits after tax during the first half (H1) of 2025, compared to EGP 3.16 billion in H1-24.  Revenues amounted to EGP 11.52 billion in H1-25, an annual plunge from EGP …
Financial Results
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14 August 2025 10:27 PM MENA-focused Valu’s net income surges 64% in H1-25
Cairo – Mubasher: U Consumer Finance (Valu) recorded 64% year-on-year (YoY) higher net income at EGP 341 million during the first half (H1) of 2025, according to the financial results. The gross revenue hiked by 94% YoY to EGP 2.60 billion at the …
Global Economy
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13 August 2025 11:53 AM GCC-focused Lulu Retail sees 9% higher net income in H1-25; dividends unveiled
Abu Dhabi - Mubasher: Lulu Retail Company registered a 9.10% rise in net profits from continuing operations to $126.96 million in the first half (H1) of 2025 from $116.41 million in H1-24. Meanwhile, the revenues increased by 5.90% to $4.09 …
Cash Dividends
Talabat Holding
12 August 2025 09:22 PM MENA-focused Talabat generates $222m net income in H1-25, higher GMV of $4.5bn
Dubai – Mubasher: Talabat Holding, the on-demand online ordering and delivery platform in the MENA region, announced $222 million worth of net income during the first half (H1) of 2025, marking a 90% growth from $117 million in H1-24. The gross …
Financial Results
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12 August 2025 07:35 AM EFG Hermes advises on AfricInvest's exit from MENA-focused MDP
Cairo - Mubasher: EFG Hermes, an EFG Holding company, has advised on the AfricInvest-led consortium's full exit from Masria Digital Payments (MDP), the leading payments technology infrastructure provider in the MENA region, according to a press …
Banking and Finance
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11 August 2025 03:32 PM SNB Capital leads SAR 7.1bn rights issue for ACWA Power; region’s largest capital hike
Riyadh - Mubasher: SNB Capital has completed a SAR 7.10 billion ($1.90 billion) rights issue for ACWA Power on the Saudi Exchange (Tadawul), marking one of the region's largest capital increases by value. The transaction involved issuing 33.93 …
Global Economy
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11 August 2025 01:38 PM B Investments Holding’s unit eyes regional expansion via EGP 1bn capital boost
Cairo - Mubasher: B Healthcare Investments Company, a subsidiary of B Investments Holding, is close to securing final approvals for a capital increase to EGP 1 billion. The proceeds of the capital hike will be utilized to fund the subsidiary’s …
Companies Investments
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10 August 2025 08:15 AM Aramex delivers AED 3bn revenues in H1-25 backed by regional logistics growth
Dubai – Mubasher: Aramex logged net profits amounting to AED 7.85 million in the first half (H1) of 2025, down 84% year-on-year (YoY) from AED 49.45 million. Revenues increased by 1% to AED 3.06 billion in the January-June 2025 period from AED …
Financial Results
ADNOC Distribution
7 August 2025 07:41 PM ADNOC Distribution announces robust H1-25 results with 12% net profit growth; Egypt remains core focus market
Abu Dhabi – Mubasher: ADNOC Distribution has recorded double-digit growth in its EBITDA and net profit for the first half (H1) of 2025, exceeding analyst expectations, and announced its dividend plan, according to a press release. The company …
Board of Directors
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7 August 2025 02:07 PM Agthia Group sees resilient performance in Q2-25 backed by profitability in Egypt
Abu Dhabi - Mubasher: Agthia Group reported net profits worth AED 49.07 million during the first half (H1) of 2025, marking a year-on-year (YoY) plunge from AED 189.98 million. Revenues from contracts with customers fell to AED 2.42 billion as of …
Cash Dividends
Emaar generates 34% higher net profit before tax in H1-25
6 August 2025 07:13 PM Emaar generates 34% higher net profit before tax in H1-25; property sales hit AED 46bn, Egypt boosts int'l operations
Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release. In terms of sales growth, the …
Real estate
Abu Dhabi Islamic Bank (ADIB)
4 August 2025 10:11 PM ADIB joins Visa to expand regional real-time money movement; bank’s net profit before tax hits AED 4bn in H1-25
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has partnered with Visa to launch Remit! as a new real-time cross-border money transfer service powered by Visa Direct. Under the collaboration, ADIB customers will be able to send money to more …
Financial Results
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4 August 2025 08:08 PM Global crypto infrastructure Phoenix Group delivers solid financial performance in H1-25
Abu Dhabi - Mubasher: Phoenix Group shifted to net losses attributable to shareholders valued at $182.76 million in the first half (H1) of 2025, against net profits of $122.28 million. Meanwhile, the revenues plummeted to $60.39 million in H1-25 …
Financial Results
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3 August 2025 06:48 PM MENA-focused Alpha Dhabi Holding generates 23% higher revenues in H1-25
Abu Dhabi – Mubasher: Alpha Dhabi Holding posted higher net profits at AED 6.62 billion in the first half (H1) of 2025, compared to AED 6.68 billion a year earlier. Revenues jumped by 23% to AED 35.85 billion in H1-25 from AED 29.31 billion in …
Financial Results
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3 August 2025 07:36 AM FAB strengthens international presence with new London branch
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has endorsed its global footprint after launching a new London branch, with the relocation celebrating FAB’s nearly five-decade presence in the UK and affirming the bank’s commitment to London as a …
Banking and Finance
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31 July 2025 05:16 AM Ooredoo’s net profits up to QAR 1.9bn in H1-25
Mubasher: The net profits attributable to the shareholders of National Mobile Telecommunications Company (Ooredoo) hit QAR 1.94 billion in the first half (H1) of 2025. The generated net profits were higher by 4% year-on-year (YoY) than QAR 1.87 …
Financial Results
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30 July 2025 06:52 PM NMDC reports 20% higher net profits in H1-25 backed by expansion in MENA
Abu Dhabi – Mubasher:The net profits of National Marine Dredging Company (NMDC) hiked by 20% year-on-year (YoY) to AED 1.75 billion in the first half (H1) of 2025 from AED 1.46 billion. Revenue from contracts with customers increased by 10% to AED …
Financial Results