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16 June 06:46 AM

UAE news

Adel Abdulla Albreiki, CEO of Aldar Projects, and Omar Al Hashmi, CEO of TAQA Distribution
31 August 2025 11:29 AM TAQA Distribution, Aldar join forces to boost sustainable developments
Abu Dhabi - Mubasher: TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), and Aldar Properties have entered into a strategic partnership to bolster the development of sustainable and integrated communities in Abu Dhabi. …
Companies Investments
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31 August 2025 10:28 AM ADNOC secures $317m from institutional placement of ADNOC L&S’ shares
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) has completed the pricing of a placement to institutional investors of around 222 million shares in ADNOC Logistics & Services (ADNOC L&S). The transaction represents nearly 3% of the …
Companies Investments
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31 August 2025 10:25 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 and USD, as …
Banking and Finance
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31 August 2025 09:02 AM Arada’s Masaar 3 development generates AED 12.5bn sales
UAE – Mubasher: Arada has launched Masaar 3, the latest and largest master plan of the UAE’s most successful forest community, recording total sales valued at AED 12.50 billion. The development scheme comprises 4,000 villas and townhouses spread …
Real estate
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31 August 2025 09:00 AM Dubai Investments’ unit to manufacture solar glazing solutions in UAE, GCC
Dubai - Mubasher: Emirates Glass, a leading glass processing company in the region and a subsidiary of Dubai Investments, has signed a deal with Australia-based ClearVue Technologies Limited. The five-year manufacturing and distribution agreement …
Global Economy
Bandar Alothman, Founder at O Gold, and Ahmed Mourad, Chief Operating Officer at Astra Tech
28 August 2025 07:57 PM O Gold, botim launch MENA’s first fintech gold investment solutions
UAE - Mubasher: O Gold, the UAE’s first Emirati app for fractional gold and silver ownership, has partnered with botim, Astra Tech’s flagship AI-powered fintech, to expand gold investments in the botim ecosystem. Upon an agreement signed in 2023, …
Companies Investments
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28 August 2025 05:20 PM Sheba Joy raises $293,000 pre-seed to become global gaming hub
Riyadh - Mubasher: Saudi mobile gaming studio Sheba Joy has raised $293,000 (SAR 1.10 million) pre-seed funding led by venture capital (VC) Merak Capital. The funding will scale production, attract talent, and establish commercially successful …
Global Economy
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28 August 2025 02:57 PM FAB offers 1st Blue Bond issuance in Gulf region at $50m
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has issued a HKD 390 million ($50 million) Blue Bond, marking the first-ever Blue Bond issued by a financial institution in the Gulf countries. The five-year issuance anchors FAB’s position in …
Banking and Finance
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28 August 2025 02:27 PM Tecom Group approves AED 1.6bn acquisition to expand Dubai Industrial City
Dubai – Mubasher: The board members of Tecom Group approved the acquisition of 33 million sq.ft of land at Dubai Industrial City for AED 1.60 billion, according to a press release. The deal with Dubai Holding Asset Management will expand the …
Companies Investments
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28 August 2025 00:47 PM ADNOC expands global business via 15-year LNG supply deal with IndianOil
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Limited (IndianOil) for 1 million tons per annum (mtpa) of liquefied natural gas (LNG) from its Ruwais …
Companies Investments
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28 August 2025 00:07 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 and USD, as …
Banking and Finance
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28 August 2025 08:28 AM Journify scales regional operations via Riyadh office
Riyadh - Mubasher: Journify has expanded its footprint into Saudi Arabia through a partnership with AstroLabs, the Gulf region’s leading business expansion platform, according to a press release. Journify’s Saudi expansion comes during a period of …
Companies Investments
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27 August 2025 07:56 PM Amlak International secures SAR 250m financing from Emirates NBD- KSA
Riyadh – Mubasher: Amlak International Finance Company inked a Sharia-compliant facility agreement worth SAR 250 million with Emirates NBD- KSA Bank on 26 August 2025. The company will use the four-year loan to facilitate its business and increase …
Companies Investments
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27 August 2025 07:00 PM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations
Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million …
Real estate
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27 August 2025 05:55 AM Egypt's exports to UAE leap 153% in H1-25
Cairo – Mubasher: Egypt's exports to the UAE hiked by 153.30% to $3.80 billion in the first half (H1) of 2025 from $1.50 billion in H1-24, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). On the other hand, the …
Sector Reports
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27 August 2025 05:53 AM Flynas resumes flights to Kuwait
Riyadh – Mubasher: Flynas Company has resumed direct flights between Jeddah and Kuwait as of 1 November to further expand its network in line with its growth and expansion plan. This aligns with national objectives in the aviation and tourism …
Global Economy
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27 August 2025 05:51 AM Maalexi fuels regional expansion via $20m fundraising transaction
UAE – Mubasher: Maalexi, a cross-border agri-trade end-to-end transaction platform, has secured a shariah-compliant credit facility of up to $20 million from Amwal Capital Partners (ACP), an independent firm specializing in alternative investments …
Global Economy
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27 August 2025 05:49 AM Agility Global’s Menzies Aviation completes acquisition of G2 Secure Staff for $305m
Mubasher: Menzies Aviation, a subsidiary of Agility Global, has fully acquired US-based G2 Secure Staff for an enterprise value consideration of $305 million plus a deferred consideration of $10 million payable in 2026. The transaction is subject …
Mergers and Acquisitions
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27 August 2025 05:46 AM Sukoon to provide Takaful coverage to Emiratis up to 95 years
Dubai - Mubasher: Sukoon Takaful has partnered with the Sheikh Zayed Housing Program (SZHP) to introduce a Family Takaful scheme for eligible UAE Nationals. As part of the program, Sukoon Insurance and Sukoon Takaful will join UAE insurers …
Companies Investments
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26 August 2025 03:42 PM Al Rantisi to lead Shuaa Capital’s growth strategy as new CEO
Dubai - Mubasher: Shuaa Capital has appointed Nabil Al Rantisi as its new CEO, effective 1 September 2025, according to a bourse disclosure. Al Rantisi succeeds Wafik ben Mansour, who will become Senior Advisor to the board after leading the …
Companies Investments
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26 August 2025 02:57 PM Al Sagr Insurance’s accumulated losses hit AED 201.5m in Q2-25
Dubai - Mubasher: Al Sagr National Insurance Company incurred accumulated losses of AED 201.43 million, equivalent to 87.60% of its paid-up capital, in the second quarter (Q2) of 2025. The losses were due to a decline in investment values, …
Banking and Finance
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26 August 2025 02:06 PM Impact46 fully acquires Kammelna for $53m to expand global reach
Riyadh - Mubasher: Impact46 has acquired the Saudi game development studio Kammelna in exchange for $53 million (SAR 200 million). This investment will accelerate new cultural games, expansion, and global reach, according to a press release. …
Companies Investments
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26 August 2025 00:10 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 and USD, as …
Mutual Funds
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26 August 2025 11:45 AM Emirates NBD upsizes Dar Global’s syndicated facilities by $165m
Dubai - Mubasher: Emirates NBD has upsized syndicated conventional and Islamic term facilities for Dar Global, the wholly-owned subsidiary of Dar Al Arkan Real Estate Development Company, by $165 million, bringing the total amount to $440 million. …
Real estate
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26 August 2025 08:50 AM UAE-based Cointel secures $7.4m funding to fuel global expansion
UAE – Mubasher: UAE-based edtech platform Cointel has raised $7.40 million in a strategic funding round led by Avalanche and joined by Sugafam Inc. The funding will accelerate North American expansion in the fourth quarter (Q4) of 2025, following …
Companies Investments