Abu Dhabi – Mubasher: The United Arab Bank (UAB) posted a net profit after tax amounting to AED 139 million in the first half (H1) of 2024, up 15% from AED 121 million in H1-23. Total income was higher by 10% year-on-year (YoY) at AED 300 million …
Dubai – Mubasher: Mashreq Bank has arranged a $3.25 billion leverage buyout sustainability-linked financing round for GEMS Education. The banks served as lead sustainability coordinator, initial mandated lead arranger and bookrunner, account bank, …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 9 points (0.21%) on Thursday and ended the trading session at 4,237.65 points. A total of 304.93 million shares were exchanged during the session at a value of AED 546.91 …
UAE – Mubasher: Retail technology solutions provider Pathfinder has invested $325 million from Silver Rock Group, according to a press release. This transaction aligns with Pathfinder's expansion and growth trajectory ahead of its initial public …
UAE – Mubasher: Fintech Mamo has raised a $3.40 million funding round, provided by existing investor 4DX Ventures and the Dubai Future District Fund, along with Cyfr Capital. The startup will use the funding to help SMEs businesses consolidate …
UAE – Mubasher: The trade exchange between the UAE and China is expected to reach $200 billion by 2030. This growth is expected to be further supported by new regional trade blocs like BRICS+, as global trade shifts from globalisation to …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) generated 3% higher net profits after tax at AED 8.40 billion during the first half (H1) of 2024, compared to AED 8.14 billion in H1-23. Operating income climbed by 16% year-on-year (YoY) to AED …
Abu Dhabi – Mubasher: Moody's Ratings has affirmed Emirates Telecommunications Group’s (e&) long-term issuer rating at ‘Aa3’, with a stable outlook. The rating agency also affirmed the company’s baseline credit assessment (bca), senior unsecured …
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) posted net profits valued at AED 1.46 billion in the first half (H1) of 2024, higher by 66% year-on-year (YoY) than AED 881.16 million. Revenue from contracts with customers hiked by …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) posted a 30% year-on-year (YoY) surge in consolidated net profit after tax and zakat of AED 3.02 billion during the first half (H1) of 2024 from AED 2.32 billion. Total operating income soared …
Abu Dhabi – Mubasher: Visa teamed up with First Abu Dhabi Bank (FAB) to expand the Visa B2B Connect network in the region, according to a press release. The collaboration aims to boost corporate cross-border payments, allowing businesses in the …
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) witnessed an 18.50% surge in net profit after tax to AED 1.45 billion during the first half (H1) of 2024, compared to AED 1.22 billion in H1-23. Total operating income climbed by 10.10% …
UAE – Mubasher: Istanbul-based RMS Capital Investment has brought together UAE’s Reportage, Turkey’s MESA Holding, and Azerbaijan’s Sabah Investment Group. Under the new structure, Reportage holds 34%, MESA 33%, and Sabah 33% of the real estate …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session higher by 12.50 points (0.29%) at 4,228.65 points. A total of 206.20 million shares were exchanged during the session at a value of AED 382.04 …
Cairo – Mubasher: Egypt has launched a new tender to import five shipments of liquefied gas next August and September, as part of its efforts to end the electricity outage crisis in the Arab Republic. A government official, who spoke to Asharq …
UAE – Mubasher: Dragon Oil Company has inaugurated the AI Retreat to study the development of the Morgan and Badri fields using AI technology in Egypt, according to Emirates News Agency (WAM). The project aims to boost productivity and extend the …
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) established a hub in Kazakhstan for its Shari’ah-compliant corporate banking services, according to a press release. The hub aligns with the DFM-listed lender’s objectives to expand its …
UAE – Mubasher: Dubai’s GDP grew by 3.20% in the first quarter (Q1) of 2024, said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE. The emirate’s GDP growth has been …
UAE – Mubasher: UAE-based VC fund Shorooq Partners has led a $1.50 million pre-Series A round in Pakistan’s mobility startup Zyp Technologies, according to a press release. The fundraising transaction also included Indus Valley Capital and several …
Abu Dhabi – Mubasher: Aldar Properties has revealed plans to develop a landmark Grade A office tower on Sheikh Zayed Road, near the Dubai International Financial Centre (DIFC). The project, featuring an 88,000 sqm net leasable area (NLA), will …
Dubai – Mubasher: Dubai Islamic Bank (DIB) registered net profits valued at AED 3.37 billion in the first half (H1) of 2024, up 8.60% from AED 3.11 billion in H1-23. The lender posted 21.30% year-on-year (YoY) higher total income at AED 11.29 …
UAE – Mubasher: PowerDMARC, a leading email authentication and domain security SaaS service provider, launches its new office in Dubai Silicon Oasis, according to a press release. The new office is included in its existing offices in Plano Texas, …
Riyadh – Mubasher: Middle East LPG Expo - Saudi Arabia 2024 is set to take place during 10-11 September 2024, according to a press release. LPG Expo, a leading exhibition and conference organiser in the liquefied petroleum gas (LPG) industry, …
Cairo – Mubasher: JD Holding, a joint-venture (JV) between Jebal Real Estate Development and Abu Dhabi National Investment Company, has signed a strategic partnership agreement with several Emirati businessmen, in collaboration with FAB Group and …
Abu Duabi – Mubasher: A consortium of Borouge, Abu Dhabi National Oil Company (ADNOC), and Borealis has signed a collaboration agreement with China’s Wanhua Chemical and its subsidiary Wanrong New Materials (Fujian) a speciality polyolefins …
