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UAE news

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27 November 2025 05:31 PM TAQA, Dubal Holding to acquire EGA’s Al Taweelah power plant for $1.9bn
Abu Dhabi – Mubasher Abu Dhabi National Energy Company (TAQA) and Dubal Holding aim to acquire Emirates Global Aluminium’s(EGA) assets in Al Taweelah power plant for $1.90 billion (AED 7 billion), according to a press release. The two entities …
Mergers and Acquisitions
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27 November 2025 05:19 PM Prices of investment funds including certificates in EGP, USD - Update
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 …
Companies Investments
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27 November 2025 07:49 AM Multiply Media Group accelerates UK expansion via acquisition of London Lites
Abu Dhabi - Mubasher: Multiply Media Group, a subsidiary of 2PointZero Group that was formerly known as Multiply Group, has fully acquired London Lites, according to a press release. This transaction marks a major milestone in the subsidiary’s …
Mergers and Acquisitions
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27 November 2025 07:47 AM Aramco to launch AI-focused office in Paris to expand global footprint
Riyadh - Mubasher: Saudi Arabian Oil Company (Aramco)plans to launch a new Aramco Ventures office in Paris, Executive Vice President of Technology and Innovation Ahmad Al Khowaiter announced. Al Khowaiter affirmed that the energy sector is vital …
Global Economy
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26 November 2025 07:38 PM Revibe supports global expansion via $17m funding
UAE – Mubasher: Dubai-based refurbished-electronics marketplace Revibe has raised $17 million in a new funding round led by Partech, with participation from e& Capital, Burda Principal Investments, and EQNX, alongside existing investors. The new …
Global Economy
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26 November 2025 05:37 PM ADES Holding acquires Shelf Drilling to fuel global expansion
Riyadh - Mubasher: ADES Holding Company has acquired Shelf Drilling Limited through a cash merger, anchoring the Saudi group’s position as a global leader in offshore drilling. ADES Holding currently has a combined fleet of 83 offshore units and …
Mergers and Acquisitions
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26 November 2025 02:07 PM Adnoc Gas signs $4bn supply deal with EMSTEEL
Abu Dhabi - Mubasher: ADNOC Gas inked a $4-billion agreement with EMSTEEL Building Materials to power the UAE’s industrial growth and economic development, according to a press release. The 20-year agreement, effective on 1 January 2027, is valued …
Companies Investments
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26 November 2025 01:10 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 …
Banking and Finance
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26 November 2025 11:08 AM GFH Partners acquires majority stake in Devmark to foster GCC residential ecosystem
Mubasher: GFH Partners, a subsidiary of GFH Financial Group, owned a majority shareholding in Devmark Real Estate Brokers L.L.C, the UAE’s leading real estate development project sales and marketing platform. The transaction marks GFH Partners’ …
Real estate
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25 November 2025 07:06 PM Strataphy closes $6m funding round to power MENA’s next-generation cooling systems
Riyadh – Mubasher: Saudi deeptech startup Strataphy has raised a $6 million seed round, led by Outliers VC and joined by Shorooq, with participation from PlusVC (+VC). The company will use the new funding to advance its technology, expand its …
Companies Investments
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25 November 2025 06:18 PM du Pay’s transactions exceed AED 1.5bn
Dubai – Mubasher: du Pay, the advanced digital financial services subsidiary of Emirates Integrated Telecommunications Company (du), crossed AED 1.50 billion in total transactions in less than two years. This milestone reinforces the platform’s …
Banking and Finance
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25 November 2025 03:11 PM Buildroid secures $2m to launch construction robotics in UAE
UAE – Mubasher: UAE-based AI robotics startup Buildroid AI has raised $2 million in a pre-seed funding round led by Tim Draper, known for backing Tesla, SpaceX, Skype, and Robinhood. The company also launched its first block-laying robot, built …
Companies Investments
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25 November 2025 00:12 PM SOL Properties records highest residential transaction in Downtown Dubai at AED 174m
UAE - Mubasher: SOL Properties sold the Fairmont Residences Solara Tower Dubai’s triplex sky mansion, located in Downtown Dubai, for AED 174 million, according to a press release. It stands as one of the highest residential transactions recorded …
Companies Investments
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25 November 2025 10:58 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 …
Trading Activities
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25 November 2025 10:11 AM FAST Ventures backs MENA startups via $3m venture studio
UAE – Mubasher: Dubai-based marketing holding company FAST Ventures has launched FAST Foundry, its investment arm and venture studio backed by a $3 million fund to support early-stage startups across the MENA region. The fund targets founders …
Global Economy
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24 November 2025 05:46 PM Aldar accelerates phased delivery of grade logistics park
Abu Dhabi - Mubasher: Aldar Properties has constructed Aldar Logistics Centers, a next-generation Grade A logistics park located within the heart of National Industries Park (NIP), according to a press release. The project, which is part of a …
Companies Investments
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24 November 2025 01:07 PM GB Corp’s unit secures EGP 5bn syndicated credit facility to fuel expansion
Cairo – Mubasher: Drive Finance, a subsidiary of GB Corp, signed a syndicated credit facility valued at EGP 5 billion, according to a press release. The facility is part of the company's strategy to diversify its funding sources and support its …
Companies Investments
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24 November 2025 10:47 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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23 November 2025 08:04 PM AD Ports attracts AED 1.1bn investments from two Indian companies
Abu Dhabi – Mubasher: KEZAD Group, part of Abu Dhabi Ports Company (AD Ports), has signed two land lease agreements of more than AED 1.10 billion investments with two leading Indian business groups, Jindal SAW Group and Haldiram Group. The two …
Companies Investments
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23 November 2025 07:03 PM Cairo-based bluworks raises $1m funding to accelerate MENA expansion
Cairo – Mubasher: Egypt-based HR tech startup bluworks has closed a $1 million seed funding round to accelerate growth across Egypt and expand in the MENA region. The funding round was led by A15, Enza Capital, Beltone Venture Capital, and Acasia …
Global Economy
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23 November 2025 05:46 PM ADNOC Distribution backs non-fuel retail growth strategy via ‘The Hub by ADNOC’
Abu Dhabi – Mubasher: ADNOC Distribution has launched  ‘The Hub by ADNOC,’ a roadside retail concept designed to redefine customer experience and accelerate the company’s non-fuel retail growth strategy. The concept was officially unveiled at a …
Companies Investments
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23 November 2025 11:13 AM GCC-focused LuLu Retail opens new mini market in Dubai
Abu Dhabi - Mubasher: Lulu Retail Company, the largest pan-GCC full-line retailer, has opened a new mini market in Dubai, according to a press release. Located in Oud Metha, the new launch supports LuLu’s ongoing commitment to expanding its retail …
Global Economy
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23 November 2025 09:52 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 …
Trading Activities
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20 November 2025 08:31 PM AD Ports acquires PIF-owned SEIC’s stake in Alexandria Containers for EGP 13.2bn
Mubasher: Abu Dhabi Ports Company (AD Ports) has purchased the Saudi Egyptian Investment Company’s (SEIC) ownership in Alexandria Containers and goods in a deal valued at EGP 13.23 billion.  The ADX-listed group acquired a 19.32% stake in …
Companies Investments
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20 November 2025 05:46 PM Prices of investment funds including certificates in EGP, USD – Update
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