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13 March 02:50 AM

Sector News

Aramex
25 February 02:59 PM Aramex rolls out AI-first global data foundation to boost logistics intelligence
UAE - Mubasher: Aramex, a global logistics and transportation provider, has deployed a new AI-first global data foundation to accelerate digital transformation. The platform, built on Google Cloud, introduces a unified ‘Single Source of Truth’ …
Global Economy
Drake & Scull International
16 February 10:49 PM Drake & Scull issues clarification on group’s consolidated financial performance for 2025
Dubai – Mubasher: Drake & Scull International stated that its preliminary financial results for 2025 demonstrate a substantial improvement in the group’s operational and financial performance. Revenues increased to AED 223.8 million, up from AED …
Corporate Actions
Gulf Navigation Holding
16 February 07:35 PM Gulf Navigation reports AED 15m net profits in 2025 preliminary unaudited results
Dubai – Mubasher: Gulf Navigation Holding achieved net profits worth AED 14.78 million in 2025 compared to AED 33.30 million in 2024, according to the preliminary unaudited financial results. The company stated: “The reported decrease in net …
Financial Results
Air Arabia
16 February 01:42 AM Air Arabia delivers strongest-ever performance in 2025, recommends 30% dividends
Dubai – Mubasher: Air Arabia announced its strongest-ever financial and operational performance for 2025, generating net profits after tax worth AED 1.62 billion compared to AED 1.46 billion in 2024, according to the consolidated income statement. …
Cash Dividends
Aramex
12 February 11:53 PM Aramex generates over AED 6bn revenue in 2025; GCC, MENAT remain strongest contributors
Dubai – Mubasher: Aramex announced group revenue of AED 6.36 billion in 2025, signaling 1% year-on-year (YoY) rise compared to AED 6.32 billion in 2024, according to a press release. In the fourth quarter (Q4) of 2025, the revenue was steady at …
Global Economy
Photo Archive
11 February 02:40 PM Parkin’s net profits hike 48% in 2025
Dubai - Mubasher: Parkin Company recorded 48% year-on-year (YoY) higher net profits at AED 625.50 million in 2025, compared with AED 423.49 million. The earnings per share (EPS) increased to AED 0.20 in the January-December 2025 period from AED …
Financial Results
Dubai Investments
10 February 07:15 PM Dubai Investments records AED 1.5bn net profits in 2025
Dubai – Mubasher: Dubai Investments posted AED 1.53 billion worth of net profits after tax in 2025, which came higher compared to AED 1.20 billion in 2024. The earnings per share (EPS) went up to AED 0.36 in 2025 from AED 0.28 in the previous …
Financial Results
Photo Archive
5 January 02:19 PM DSI backs MENA footprint via EUR 17m project award in Egypt
Dubai - Mubasher: Passavant Energy & Environment GmbH (PE&E), a subsidiary of Drake & Scull International (DSI), has secured a EUR 17 million (AED 73 million) sub-contract for the rehabilitation of the Tanta wastewater treatment plant in Egypt. …
Global Economy
Photo Archive
22 December 2025 07:08 PM Fitch assigns ‘B+’ rating to Gulf Navigation’s AED 612m Sukuk issuance
Dubai - Mubasher: Fitch Ratings has assigned a ‘B+’ rating to Gulf Navigation Holding’s new sukuk issuance at AED 612 million ($167 million), reflecting the company’s solid financial position and stable outlook. The issuance has been primarily …
Companies Investments
Al Vista Project
9 December 2025 04:59 PM Dubai Investments launches AED 1.3bn Al Vista mixed-use development project
Dubai - Mubasher: Dubai Investments has launched Al Vista, a landmark mixed-use development valued at AED 1.30 billion, which is set to redefine urban living in Meydan Horizon. The development scheme integrates premium residences, commercial …
Real estate
Photo Archive
19 November 2025 05:32 PM Gulf Navigation turns to AED 4.5m net profits in 9M-25; revenues hike 35%
Dubai - Mubasher: Gulf Navigation Holding shifted to net profits after tax valued at AED 4.56 million in the first nine months (9M) of 2025, compared with net losses after tax of AED 23.56 million in 9M-24. The basic earnings per share (EPS) hit …
Financial Results
Photo Archive
19 November 2025 04:27 PM DSI records 92% higher revenues in 9M-25; assets hit AED 634m
Dubai – Mubasher: Drake & Scull International (DSI) logged net profits amounting to AED 11.04 million in the first nine months (9M) of 2025, an annual plunge from AED 3.80 billion. Revenues soared by 92% to AED 134.91 million in 9M-25 from AED …
Financial Results
Photo Archive
19 November 2025 10:46 AM Dubai Investments logs higher profits at AED 1bn in 9M-25
Dubai - Mubasher: Dubai Investments posted year-on-year (YoY) higher net profits at AED 1 billion in the first nine months (9M) of 2025, compared to AED 637.06 million. Total income reached AED 3.07 billion in 9M-25, an annual surge from AED 2.96 …
Financial Results
Photo Archive
13 November 2025 09:25 PM Aramex maintained strong financial profile with AED 4.6bn revenues in 9M-25
Dubai – Mubasher: Aramex posted 83% lower net profit at AED 13.06 million in the first nine months (9M) of 2025, compared to AED 76.14 million in 9M-24. The basic and diluted earnings per share (EPS) from continuing operations hit AED 0.009 at the …
Financial Results
Photo Gallery
12 November 2025 10:54 AM Air Arabia logs AED 1.2bn net profits in 9M-25; revenues up 10%
Dubai – Mubasher: The net profits after tax of Air Arabia jumped to AED 1.23 billion in the first nine months (9M) of 2025 from AED 1.15 billion in 9M-24, according to the financial results. Revenues hit AED 5.49 billion as of 30 September 2025, …
Financial Results
Photo Gallery
16 October 2025 07:56 AM Aramex partners with AWS to transform global IT infrastructure.
Dubai - Mubasher: Aramex has migrated its Oceania data center (DC) to Amazon Web Services (AWS) cloud, marking the beginning of its extensive global IT modernization journey. The move aims to enhance operational agility, resilience, and …
Companies Investments
Photo Gallery
16 October 2025 07:44 AM ALEC Holdings’ debut on DFM marks UAE’s largest-ever construction sector IPO
Dubai - Mubasher: The Dubai Financial Market (DFM) welcomed the listing of ALEC Holdings, marking the UAE’s largest-ever initial public offering (IPO) in the construction sector, by both valuation and size. Being the first in the sector in over 15 …
Trading Activities
Photo Gallery
8 October 2025 10:10 AM Dubai Investments to double subsidiary’s glass capacity with MENA’s 1st ultra-clear line
Dubai - Mubasher: Dubai Investments plans to double production at its wholly owned subsidiary, Emirates Float Glass (EFG), with a second float line. The new line will boost EFG’s daily capacity to 1,200 tons from 600 tons and debut MENA’s first …
Global Economy
Photo Gallery
2 October 2025 08:23 AM Parkin to build 3,100 parking spaces in Dubai Sports City
Dubai - Mubasher: Parkin Company has signed a 10-year agreement to operate and manage around 3,100 new parking spaces within Dubai Sports City, according to a press release. Initial works on 900 paved spaces will commence this October and are …
Companies Investments
Photo Archive
3 September 2025 10:00 AM Dubai Investments scales global footprint via partnership with Angola’s FSDEA
Dubai - Mubasher: Dubai Investments has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The agreement aims to boost modern urbanization and …
Companies Investments
Photo Gallery
31 August 2025 10:00 AM Dubai Investments’ unit to manufacture solar glazing solutions in UAE, GCC
Dubai - Mubasher: Emirates Glass, a leading glass processing company in the region and a subsidiary of Dubai Investments, has signed a deal with Australia-based ClearVue Technologies Limited. The five-year manufacturing and distribution agreement …
Companies Investments
Photo Archive
17 August 2025 05:44 PM Gulf Navigation swings to profitability in H1-25; revenues leap 110% in Q2-25
Dubai - Mubasher: Gulf Navigation Holding reported AED 463,000 in net profits after tax during the first half (H1) of 2025, versus net losses of AED 24.69 million in H1-24. Revenues surged to AED 54.35 million in the first six months (6M) of 2025 …
Financial Results
Photo Archive
14 August 2025 06:55 PM Air Arabia’s revenues cross AED 3.4bn in H1-25; profits jump 11%
Dubai – Mubasher: Air Arabia recorded net profits after tax amounting to AED 655.01 million in the first half (H1) of 2025, up 11% year-on-year (YoY) from AED 631.34 million. The revenues grew by 8% to AED 3.44 billion in H1-25 from AED 3.19 …
Financial Results
Photo Archive
14 August 2025 02:40 PM DSI’s revenues leap 57% in H1-25 due to restructuring plan
Dubai – Mubasher: Drake & Scull International (DSI) generated net profits amounting to AED 6.50 million in the first half (H1) of 2025, according to the financial results. Revenue increased by 57% to AED 77.90 million in H1-25 from AED 49.70 …
Financial Results
Photo Archive
10 August 2025 09:15 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 …
Global Economy