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25 May 01:50 AM

Sector News

Netzero
20 May 03:56 PM Netzero collaborates with Aramex for smart sustainability initiative in Saudi Arabia
Riyadh – Mubasher: Saudi-developed smart afforestation platform Netzero has teamed up with Aramex to deliver smart tree sustainability initiative, according to a press release. The partnership aims to plant trees across the Riyadh and Jeddah …
Companies Investments
Air Arabia
17 May 11:04 AM Air Arabia’s profits fall 22% in Q1-26 due to regional conflict, airspace closures
Dubai – Mubasher: Air Arabia registered net profits after tax valued at AED 248.20 million in the first quarter (Q1) of 2026, down 22% year-on-year (YoY) from AED 305.13 million, according to the financial results. The lower profits were driven by …
Company News
Dubai Investments
12 May 09:45 AM Dubai Investments achieves balance in Q1-26 financial performance; profits hit AED 169m
Dubai – Mubasher: The net profits after tax of Dubai Investments increased to AED 168.96 million in the first quarter (Q1) of 2026 from AED 167.18 million in Q1-25. The basic and diluted earnings per share (EPS) maintained value at AED 0.04 at the …
Company News
Aramex
10 May 07:19 PM Aramex achieves strong revenues in Q1-26 amid regional challenges
Dubai - Mubasher: Aramex generated lower net profits after tax at AED 16.84 million in the first quarter (Q1) of 2026, compared to AED 17.78 million in Q1-25. The revenues grew by 2% to AED 1.59 billion in Q1-26 from AED 1.56 billion a year …
Financial Results
Amadou Diallo, Group CEO of Aramex
3 May 10:36 AM Global logistics leader Aramex appoints Diallo as Group CEO
Dubai - Mubasher: Aramex named Amadou Diallo as its new Group CEO who will lead the Accelerate28 strategy to strengthen the company's core business, improve customer experience, and scale capabilities across key growth markets. Diallo brings over …
Management Decisions
Photo Gallery
27 April 01:00 PM Dubai Investments distributes 25% cash dividends for 2025
Dubai – Mubasher: Dubai Investments has disbursed a 25% cash dividend for 2025, reflecting the group’s strong financial performance and disciplined capital allocation approach. The company paid a dividend of AED 0.25 per share following …
Company News
Parkin
14 April 10:18 AM Parkin taps Binghatti to expand portfolio across Dubai
Dubai - Mubasher: Parkin Company entered into a multi-year agreement with Binghatti Holding Limited to operate approximately 1,200 spaces across selected developments in the Jumeriah Village Circle, Al Jaddaf, and Business Bay areas. The …
Companies Investments
ALEC Holdings
25 March 10:17 AM ALEC Holdings’ AGM nods for higher dividends amid expansion in UAE, KSA
Dubai - Mubasher: The annual general meeting (AGM) of ALEC Holdings passed, on 24 March, the distribution of cash dividends at a rate of 36.40% of the net profits registered at the end of 2025. The DFM-listed company will disburse AED 250 million, …
General Assembly
Construction Progress at DIR's Danah Bay Project
18 March 03:57 AM Dubai Investments says projects progressing in line with planned schedules
Dubai – Mubasher: Dubai Investments, through its wholly owned subsidiary Dubai Investments Real Estate (DIR), continues to advance construction activity across its real estate portfolio. The listed property developer stated that projects are …
Real estate
Photo Archive
17 March 01:17 PM Drake & Scull logs lower profits in 2025; accumulated losses hit AED 1.6bn
Dubai - Mubasher: The consolidated net profits of Drake & Scull International reached AED 47.09 million in 2025, which reflected a year-on-year (YoY) plunge from AED 3.75 billion. The basic loss per share totaled AED 0.02 at the end of 2025, …
Financial Results
Photo Gallery
17 March 12:13 PM Aramex launches 1st regional healthcare hub in Dubai South Free Zone
Dubai - Mubasher: Aramex has opened its first regional healthcare and pharmaceutical hub in the Dubai South Free Zone, certified by the UAE Ministry of Health and Prevention, expanding its capabilities in the life sciences and medical supply chain …
Companies Investments
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’ …
Companies Investments
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 …
Financial Results
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. …
Board of Directors
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 …
Sukuk and Islamic Finance
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