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21 February 11:40 PM

UAE news

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19 February 02:04 PM Abu Dhabi-based Origen secures $50m to scale AI solutions
UAE - Mubasher: Origen, an Abu Dhabi-based AI tech firm, has raised $50 million in a strategic investment from Bluefive Capital, according to a press release. The funding will be used to scale the company's efforts to design, deploy, and scale AI …
Companies Investments
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19 February 01:18 PM PIF-owned HUMAIN invests $3bn in Musk’s xAI
Riyadh - Mubasher: HUMAIN, a Public Investment Fund (PIF) company, invested $3 billion in Elon Musk’s xAI as a part of its Series E round prior to its acquisition by SpaceX, according to a press release. Following the transaction, the PIF-based …
Mergers and Acquisitions
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19 February 12:12 PM Modon Holding sustains growth momentum in 2025 with AED 13.8bn revenues
Abu Dhabi - Mubasher: Modon Holding registered lower net profits after tax at AED 3.92 billion in 2025, compared with AED 9.38 billion a year earlier. The basic and diluted earnings per share (EPS) stood at AED 0.25 last year, versus AED 0.63 in …
Real estate
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19 February 10:44 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, except for …
Global Economy
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19 February 10:08 AM Maersk acquires majority stake in DP World's Jeddah terminal
Mubasher: DP World has partnered with APM Terminals, a subsidiary of A.P. Moller-Maersk, to acquire the Southern Container Terminal of Jeddah Islamic Port. APM Terminals will acquire a 37.50% stake in the terminal, while DP World will take over a …
Mergers and Acquisitions
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18 February 06:52 PM Emirates Driving’s board proposes rebranding, AI firm acquisition
Abu Dhabi - Mubasher: The board members of Emirates Driving Company recommended changing its trade name to Emirates Mobility Company. On 18 February 2026, the board also proposed acquiring a 51% stake in Performise Labs FZ-LLC, a Dubai-based AI …
Companies Investments
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18 February 05:38 PM SHL Finance extends SAR 200m facility agreement with Emirates NBD
Riyadh - Mubasher: SHL Finance Company renewed, on 18 February 2026, a Sharia-compliant credit facility agreement worth SAR 200 million with Emirates NBD for a five-year term. The financing is secured by a promissory note and receivables provided …
Companies Investments
PIF
18 February 03:46 PM Saudi PIF cuts US equity holdings to $12.9bn
Riyadh - Mubasher: The Saudi Public Investment Fund (PIF) reduced the value of its US-listed equity holdings to $12.95 billion at the end of the fourth quarter (Q4) of 2025, compared to $19.37 billion in Q3-25. The value of the fund's holdings in …
Global Economy
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18 February 03:22 PM Aldar unveils landmark development project in Dubai following AED 5bn villa sellout
Abu Dhabi - Mubasher: Aldar Properties has launched The Wilds Residences, a new phase of its landmark nature-driven community, The Wilds, in Dubai, featuring six mid-rise apartment buildings. The launch follows the AED 5 billion sellout of villas …
Companies Investments
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18 February 01:54 PM 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, except for …
Mutual Funds
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18 February 12:23 PM Sharjah Cement posts higher profits at AED 106m in 2025
Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company recorded higher net profits at AED 105.89 million in 2025, compared to AED 31.71 million at the end of December 2024. The earnings per share (EPS) increased to AED 0.17 last …
Financial Results
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18 February 12:12 PM Al Ramz Corporation logs AED 48m profits in 2025
Dubai - Mubasher: Al Ramz Corporation Investment and Development announced exceptional performance for 2025, reporting a net profit of AED 48.20 million, representing an annual growth of 202%. The strong performance reflects the group’s strategic …
Financial Results
Saudi flyadeal receives 1st new aircraft of 2026
18 February 12:00 PM Saudi flyadeal receives 1st new aircraft of 2026
Riyadh - Mubasher: Saudi Arabia’s fast-growing low-cost airline flyadeal has received its first new aircraft of 2026, an Airbus A320neo, increasing its fleet to 45 all-narrowbody passenger jets. The delivery marks the airline’s 34th A320neo, …
Companies Investments
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17 February 06:18 PM Al Ansari Financial delivers strong performance in 2025 backed by higher revenues
Dubai - Mubasher: Al Ansari Financial Services witnessed an annual decline of 1% in net profit after tax to AED 400.85 million during 2025, compared with AED 405.84 million. The basic and diluted earnings per share (EPS) reached AED 0.053 as of 31 …
Financial Results
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17 February 05:10 PM e7 Group’s net profits drop nearly 54% in 2025
Abu Dhabi- Mubasher: e7 Group reported net profits after tax worth AED 107.94 million in 2025, lower by 53.80% year-on-year (YoY) than AED 233.43 million. The earnings per share (EPS) amounted to AED 0.05 at the end of 2025 when compared with AED …
Financial Results
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17 February 02:50 PM Agility Global records lower net profits at $240m in 2025
Abu Dhabi - Mubasher: Agility Global posted net profits attributable to the equityholders at a value of $240 million in 2025, compared to $128 million, according to the initial financial results. Total assets jumped by 14% to $13.39 billion last …
Financial Results
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17 February 01:38 PM Orascom Construction’s profits surge 65% in 2025; project awards hit $5.5bn
Cairo - Mubasher: Orascom Construction, listed on both EGX and ADX, logged $195 million in consolidated net profits attributable to shareholders during 2025, higher by 65. 30% year-on-year (YoY) than $118 million. The earnings per share (EPS) …
Global Economy
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17 February 10:31 AM GCC-focused Lulu Retail ends 2025 with 4% higher revenues; dividends proposed
Abu Dhabi - Mubasher: Lulu Retail Company logged net profits amounting to $204.53 million in 2025, an annual drop from $249.19 million, according to the preliminary financial results. The revenues increased by 4.10% to $7.93 billion last year from …
Global Economy
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17 February 09:53 AM EMSTEEL, Oldendorff Carriers pen AED 600m partnership agreement
Abu Dhabi – Mubasher: EMSTEEL Building Materials and Oldendorff Carriers signed a new long-term freight agreement covering the import of EMSTEEL’s key raw materials to the UAE, according to a press release. Valued at AED 600 million, the deal …
Companies Investments
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17 February 09:29 AM Waha Capital delivers strong financial performance in 2025; profits exceed AED 1bn
Abu Dhabi - Mubasher: Waha Capital delivered one of its strongest years on record, generating net profits attributable to shareholders amounting to AED 1.01 billion in 2025, compared to AED 381.27 million in 2024. The solid performance was driven …
Board of Directors
Anan Investment Holding
16 February 11:57 PM Anan Investment Holding registers AED 49m net profits in 2025
Abu Dhabi – Mubasher: Anan Investment Holding, formerly known as Wahat Al Zaweya, logged a net profit worth AED 48.92 million in 2025 when compared with the AED 40.06 million in 2024 restated financials. The earnings per share (EPS) rose to AED …
Financial Results
Phoenix Group
16 February 11:47 PM Phoenix Group records $118m revenue in 2025
Abu Dhabi – Mubasher: Phoenix Group generated revenue worth $117.74 million in 2025, signaling a decrease from $205.68 million in 2024. The group shifted to net losses to the shareholders worth $271.65 million against net profits of $167.37 …
Financial Results
Agthia Group
16 February 11:38 PM Agthia Group delivers AED 4.8bn revenue in 2025, unveils effect of currency devaluation in Egypt
Abu Dhabi – Mubasher: Agthia Group announced reported net profits of AED 100.59 million in 2025 compared to AED 321.83 million in 2024. Meanwhile, the underlying net profit of the group was AED 239.77 million in 2025, compared with AED 330.93 …
Financial Results
Sudatel Telecom Group
16 February 11:37 PM Sudatel Telecom announces $452m revenue in 2025
Abu Dhabi – Mubasher: Sudatel Telecom Group registered net profits worth $104.70 million in 2025, signaling a leap from $18.25 million in 2024. The earnings per share (EPS) soared to $0.075 in 2025 from $0.013 in 2024, according to the preliminary …
Financial Results
Union Coop
16 February 11:27 PM Union Coop generates higher financial results in 2025; board proposes AED 281 dividends
Dubai – Mubasher: Union Coop posted net profits after tax worth AED 337.98 million in 2025, compared with AED 314.55 million in 2024. The basic and diluted earnings per share (EPS) went up to AED 0.19 in 2025 from AED 0.18 in the previous year, …
Board of Directors