UAE news

9 July 2025 09:40 AM Alpaca, Kuwait-based ZAD boost Shariah-compliant investments globally

Mubasher: Alpaca, a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, and fixed income, partnered with Kuwait-based digital investment platform ZAD to expand access to Shariah-compliant investment …

Global Economy

8 July 2025 09:23 PM MENA-focused Mashreq Bank backs AGSI’s green steel via AED 126m

Dubai - Mubasher: Mashreq Bank has extended a AED 126 million sustainable financing facility to Arabian Gulf Steel Industries (AGSI), according to a press release. The green loan will accelerate AGSI’s sustainability agenda and support its …

Companies Investments

8 July 2025 08:28 PM DIB closes $1bn syndicated term-finance facility for Pakistan

Dubai – Mubasher: Dubai Islamic Bank (DIB) has completed a $1 billion syndicated term-finance facility for Pakistan, arranged in collaboration with a consortium of regional and international financial institutions, according to a press release. …

Banking and Finance

8 July 2025 07:52 PM BioSapien extends pre-Series A funding round to $8m

UAE – Mubasher: BioSapien has extended its pre-Series A round to over $8 million, adding Globivest to its list of backers, alongside Global Ventures, Golden Gate Ventures, and Dara Holdings. Globivest is the first women-led, gender lens venture …

Companies Investments

8 July 2025 06:02 PM Rekaz closes $5m seed to expand AI-driven tools in GCC region

Riyadh- Mubasher: Saudi SaaS startup Rekaz has raised $5 million in seed funding to scale its operating system for service-based businesses, such as gyms, salons, and mobile providers. The funding round was led by COTU Ventures, with participation …

Global Economy

8 July 2025 05:18 PM icogz raises $1.4m pre-seed funding to expand business in MENA, Asia

UAE - Mubasher: icogz, a UAE-based provider of AI-native business intelligence and analytics solutions, has raised $1.40 million in pre-seed funding to accelerate regional expansion. The transaction was backed by angel investors and syndicates …

Global Economy

7 July 2025 05:21 PM Dubai Land Department, Crypto.com partner to boost digital real estate, Blockchain integration

UAE - Mubasher: The Dubai Land Department (DLD) has signed a memorandum of cooperation (MoC) with Crypto.com to develop a digital investment environment for virtual real estate assets. The partnership aligns with the Dubai Government’s vision to …

Companies Investments

7 July 2025 05:05 PM ADIB allocates AED 17.3bn for sustainable finance in 2024

Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has mobilized AED 17.30 billion in sustainable finance by the end of 2024, advancing toward its AED 60 billion target by 2030. ADIB became the first Islamic bank in the region to set …

Sukuk and Islamic Finance

7 July 2025 07:28 AM AD Ports, Ningbo Zhoushan Port to establish auto logistics ecosystem

Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) partnered with Zhejiang Provincial Seaport Investment and Operation Group Company Limited (Ningbo Zhoushan Port Group)to establish a comprehensive automotive logistics ecosystem project. The …

Companies Investments

7 July 2025 06:29 AM Modon Holding generates AED 5.5bn sales from Wadeem project within 72 hours

Abu Dhabi - Mubasher: Modon Holding completed the sell-out of Wadeem on Hudayriyat Island within 72 hours of launch, generating sales amounting to AED 5.50 billion. The strong sales make Wadeem 2025’s highest-valued real estate release in Abu …

Companies Investments

7 July 2025 06:18 AM EFG Hermes advises on $190m investment in Alameda to fuel regional expansion

Mubasher: EFG Hermes, an EFG Holding Company, has acted as the sole M&A financial advisor on the signing of binding agreements for a $190 million minority stake investment in Alameda Healthcare by Development Partners International (DPI). Its …

Companies Investments

6 July 2025 05:52 PM UAE non-oil sector grows steadily during June; PMI records 54.5

UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE edged up to 53.5 in June 2025 from 53.3 last May, according to the latest S&P Global PMI data. UAE non-oil private sector businesses registered a contraction in …

Macroeconomics

6 July 2025 01:37 PM Beltone Holding launches MENA-focused unit Robin to boost AI growth

Cairo - Mubasher: Beltone Holding has launched a wholly owned subsidiary specializing in data science and AI called Robin, according to a press release. The launch aligns with Beltone’s strategic vision to empower organizations with intelligent, …

Companies Investments

6 July 2025 10:57 AM Prices of investment funds including certificates in EGP, USD

Cairo – Mubasher: Based on 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 as of 2 July 2025. …

Trading Activities

6 July 2025 10:32 AM Taaleem Holdings generates higher profits in 9M-24/25; revenues up 18.5%

Dubai – Mubasher: Taaleem Holdings logged net profits valued at AED 242.25 million in the first nine months (9M) of fiscal year (FY) 2024/2025, an annual rise of 7.60% from AED 225.19 million. Basic and diluted earnings per share (EPS) amounted to …

Financial Results

3 July 2025 02:56 PM Nasdaq-listed DeFi Technologies launches UAE office to expand into MENA

UAE - Mubasher: DeFi Technologies, a financial technology company bridging the gap between traditional capital markets and decentralized finance (DeFi), has launched business in the UAE. The company expanded in the GCC and MENA region with the …

Companies Investments

3 July 2025 01:30 PM Flawless closes $1.5m pre-seed funding to expand business

Riyadh – Mubasher: Flawless, a Saudi digital platform offering AI-powered career guidance, has secured $1.50 million in a pre-seed funding round backed by a group of regional angel investors. The investment will be used to advance the platform’s …

Companies Investments

3 July 2025 00:42 PM ADGM-based Ruya Partners secures $55m for fiber production plant in Saudi Arabia

Mubasher: Abu Dhabi Global Market (ADGM)based private credit fund manager Ruya Partners secured a $55 million (SAR 206 million) private credit investment to fund the development of an innovative hygiene nonwoven fiber production plant in Yanbu, …

Companies Investments

3 July 2025 11:18 AM Burjeel Holdings take over PhysioTrio Physiotherapy Center in Riyadh

Abu Dhabi – Mubasher: Burjeel Holdings has fully acquired Riyadh-based PhysioTrio Physiotherapy Center through its subsidiary, Burjeel Arabia, according to a press release. This acquisition supports Burjeel Holdings’ commitment to expanding its …

Mergers and Acquisitions

3 July 2025 09:11 AM Ninja closes $250m funding, plans IPO on Tadawul by 2027

Riyadh - Mubasher: Saudi q-commerce startup Ninja has raised $250 million in a funding round led by Riyad Capital, reaching a $ 1.50 billion valuation. The fundraising transaction anchors the platform’s status as the Kingdom’s latest tech unicorn, …

Initial Public Offerings

2 July 2025 07:15 PM Oriental Weavers launches world’s 1st phygital carpet retail store in Egypt

Cairo - Mubasher: Oriental Weavers has unveiled the OW Haptech store in Mivida, New Cairo, marking the first-ever phygital carpet retail store globally. The store combines physical product exploration with interactive digital technologies, setting …

Companies Investments

2 July 2025 05:33 PM Etihad Airways expands global network with 3 new destinations

UAE - Mubasher: Etihad Airways added three new destinations to its network in line with its global expansion strategy, according to a press release. The airline will launch flights to Krakow in Poland during December 2025, Salalah in Oman during …

Companies Investments

2 July 2025 05:01 PM PetroApp closes $50m fund round to accelerate global expansion; IPO plans unveiled

Riyadh - Mubasher: Saudi digital fuel and fleet management platform PetroApp has concluded a $50 million investment round led by Jadwa Investment through its GCC Diversified Private Equity Fund. Bunat Ventures also participated in the fundraising …

Global Economy

2 July 2025 04:24 PM Cityscape Global 2025 to launch in Riyadh in November

Riyadh – Mubasher: Cityscape Global, the largest real estate exhibition, is set to kick off in Riyadh during 17-20 November 2025, according to a press release. Held under the theme ‘The Future of Urban Living’, the event is sponsored by the …

Companies Investments

2 July 2025 03:56 PM Saudi PIF tops GCC funds on Global SWF assessment

Riyadh – Mubasher: Saudi Public Investment Fund (PIF) led the GCC funds, which manage $5.90 trillion in assets, recording a score of 100% this year, according to Global SWF’s governance, sustainability, and resilience (GSR) report. The fund, which …

Companies Investments

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