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04 April 06:28 PM

UAE news

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22 February 09:49 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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22 February 04:23 AM Emirates Driving Company announces intent to acquire a majority stake in performise labs
Abu Dhabi – Mubasher: Emirates Driving Company, a subsidiary of 2PointZero Group, has announced its intention to acquire a 51% majority stake in AI solutions firm Performise Labs, according to a bourse disclosure. Subject to regulatory approvals …
Companies Investments
Abu Dhabi Aviation
22 February 04:02 AM Abu Dhabi Aviation announces MoU with GCAA for practical aircraft maintenance experience
Abu Dhabi – Mubasher: Abu Dhabi Aviation has signed a memorandum of understanding (MoU) with the General Civil Aviation Authority (GCAA) to strengthen cooperation in implementing practical aircraft maintenance experience programs, according to a …
Companies Investments
MAIR Group
22 February 03:52 AM MAIR Group expands in UAE with 1st entry into Dubai market
Abu Dhabi – Mubasher: MAIR Group has launched Makani Al Mizhar community center in Dubai, alongside the opening of an advanced ADCOOP retail store within the center, according to a bourse filing. This opening marks MAIR Group’s first entry into …
Companies Investments
Emirates Telecommunications Group Company (e&)
22 February 03:40 AM e& announces updated shareholding in global entity Vodafone
Abu Dhabi – Mubasher: Emirates Telecommunications Group Company (e&) unveiled that its shareholding in the multinational global entity Vodafone Group plc has reached 17.0050%, according to a bourse disclosure. e& noted that the updated …
Global Economy
Lulu Retail Holdings
22 February 03:23 AM Region’s retailer Lulu expands in GCC, targets broader expansion in 2026
Abu Dhabi – Mubasher: Lulu Retail Holdings has inaugurated a new LuLu Express store in the Hessah Al Mubarak District in Kuwait. Being the largest pan-GCC full-line retailer, with presence in Egypt and other countries, Lulu also unveiled plans of …
Global Economy
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22 February 03:04 AM Aldar issues $1bn notes to Apollo in region’s largest corporate hybrid private placement transaction
Abu Dhabi – Mubasher: Aldar Properties has issued $1 billion worth of subordinated hybrid notes to Apollo Global Management through a private placement, building on the transformational growth initiatives of the real estate developer, according to …
Real estate
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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 …
Global Economy
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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
Photo Archive
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 …
Global Economy
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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 …
Corporate Actions
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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 …
Banking and Finance
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 …
Global Economy
Photo Archive
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, …
Global Economy
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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 consolidated 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) …
Real estate
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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 Holdings 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 …
Financial Results