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28 May 2025 10:32 AM Binghatti, ADIB ink MoU for Sharia-compliant home financing in Dubai
Abu Dhabi – Mubasher: Dubai’s leading developer Binghatti Holding Limited has signed a deal with Abu Dhabi Islamic Bank (ADIB) to deepen its customer base by offering Sharia-compliant home-financing solutions, including off-plan property …
Companies Investments
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28 May 2025 08:10 AM GFH, Kuwait-based real estate firm Al Tijaria to foster GCC logistics sector
Mubasher: GFH Capital, a Saudi subsidiary of GFH Financial Group, partnered with Kuwait-based real estate firm The Commercial Real Estate Company (Al Tijaria) to expand business in the warehousing and logistics sector across Saudi Arabia and the …
Global Economy
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27 May 2025 07:42 PM DIB seals $150m financing agreement with Turkey’s telecom provider Turkcell
Dubai – Mubasher: Dubai Islamic Bank (DIB) penned a $150 million Murabaha financing deal with Turkcell, Turkey’s leading telecommunications and technology services provider. The five-year bullet-term facility will boost Turkcell’s investments in …
Banking and Finance
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27 May 2025 05:40 PM Lulu Retail to join FTSE Global Equity Index Series
Abu Dhabi – Mubasher: Lulu Retail Company has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), following the latest review by FTSE Russell. The inclusion is expected to be from 23 June 2025 and is subject to any …
Global Economy
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27 May 2025 08:58 AM ADNOC Drilling secures $1.1bn contract award for 2 jack-up rigs
Abu Dhabi – Mubasher: ADNOC Drilling Company announced a contract award valued at $1.15 billion for two jack-up rigs by ADNOC Offshore, according to a press release. The 15-year deal aligns with the company’s expansion plans to grow its offshore …
Companies Investments
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25 May 2025 04:16 PM DTC expands partnership via 6,000 Taxis on Bolt platform
Dubai – Mubasher: Dubai Taxi Company’s (DTC) partner Bolt added more than 6,000 DTC taxis, supporting the company’s commitment to enhancing ease and convenience for customers. The expansion came amid a rapid increase in demand for taxis, as …
Companies Investments
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22 May 2025 06:52 PM MubasherTrade sets Bonyan’s FV at EGP 7.9/shr
Cairo - Mubasher: MubasherTrade Research has determined the fair value (FFV) of Bonyan for Development and Trade Company’s stock at EGP 7.94 per share, with a medium-risk buy recommendation. Mubasher Research evaluated the company's stock using …
Companies Investments
First Abu Dhabi Bank (FAB)
22 May 2025 06:30 PM FAB becomes 1st in MENA to adopt Oracle-Mastercard solution for B2B payments
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is currently the first bank in the MENA region to pilot an innovative embedded finance and payments solution developed by both Oracle and Mastercard, according to an official statement. The …
Banking and Finance
Saudi Arabian Oil Company (Aramco)
22 May 2025 04:03 PM Aramco achieves world-first in gas operations, boosts renewables investment, energy efficiency
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has unveiled a world-first milestone by successfully commissioning a megawatt (MW)-scale renewable energy storage system to power gas production activities, according to an official statement. …
Companies Investments
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22 May 2025 06:51 AM RAKBANK, EDA announce AED 1bn co-financing to support UAE’s industrial growth
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) and Emirates Development Bank (EDB) jointly launched a co-financing partnership totaling AED 1 billion to support growth in national priority sectors. The initiative aims to boost …
Companies Investments
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22 May 2025 06:41 AM IHC launches UAE-developed marketplace to boost AI globally
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched a pioneering marketplace for AI solutions, powered by the Smart Artificial Intelligence Facilitator (SAIF), according to a press release. The marketplace is built in the UAE …
Global Economy
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21 May 2025 05:08 PM NMDC Energy to expand business in UAE, Saudi Arabia via joint deal
Abu Dhabi – Mubasher: NMDC Energy has signed a memorandum of understanding (MoU) to explore collaboration with Shanghai Hilong Shine New Materials Company Limited to establish a joint venture (JV) in the UAE and Saudi Arabia. The two sides inked …
Companies Investments
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21 May 2025 08:55 AM Emirates Stallions expands GCC footprint via purchase deal in Saudi Arabia
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) has secured a 16-year agreement for the usufruct rights of 13,000 square meters of warehouse space in Saudi Arabia, according to a press release. Through its subsidiary Vision Furniture & …
Companies Investments
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20 May 2025 08:00 PM Aldar becomes MENA’s 1st developer to use EMSTEEL’s hydrogen-based steel rebar
Abu Dhabi – Mubasher: Aldar Properties is set to become the first developer in the MENA region to implement hydrogen-based steel rebar in a development project, according to a press release. Supplied by  EMSTEEL Building Materials, the steel will …
Global Economy
Al Ansari Exchange and UnionPay International at Seamless 2025
20 May 2025 07:28 PM Al Ansari Exchange, UnionPay sign deal at Seamless Middle East 2025 to launch MoneyExpress remittance service
Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services, has entered into an agreement with UnionPay International during Seamless Middle East 2025 to launch MoneyExpress remittance service in the UAE.  The partnership …
Event
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20 May 2025 06:08 PM Ajman Bank debuts listing on Nasdaq Dubai via $500m Sukuk issuance
Dubai – Mubasher: Nasdaq Dubai welcomed the listing of a $500 million Senior Sukuk issued by Ajman Bank, marking the bank’s first Sukuk issuance and debut listing on the international exchange. Issued under Ajman Bank’s $1.50 billion Trust …
Bonds
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20 May 2025 09:37 AM Al Seer Marine inks AED 47.6m production deal with Albwardy Damen
Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company secured a production agreement valued at AED 47.60 million to deliver high-speed interceptor vessels to Albwardy Damen in Sharjah. Delivery will span 42 months, with the units …
Companies Investments
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20 May 2025 09:11 AM TMG Holding boosts regional expansion via development deal with Oman
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …
Real estate
First Abu Dhabi Bank Misr (FABMISR)
19 May 2025 07:36 PM FABMISR witnesses EGP 3.9bn net profits in Q1-25; customer deposits grow 12%
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt and a unit of the UAE-listed FAB, registered a net profit of EGP 3.90 billion in the first quarter (Q1) of 2025 compared to EGP 9.90 billion in …
Financial Results
Aman Holding
19 May 2025 04:45 PM Aman Holding announces regional deals, EGP 6.4bn revenues in 2024, capital raise by end of Q1-25
Cairo – Mubasher: Fintech group Aman Holding, a subsidiary of the listed Raya, has achieved revenues of EGP 6.40 billion in 2024, marking a 41% increase compared to 2023. The company also unveiled a revenue of EGP 1.70 billion in the first quarter …
Management Decisions
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19 May 2025 01:31 PM Space42 launches first-of-kind HAPS manufacturing center in MENA
Abu Dhabi – Mubasher: Mira Aerospace, a subsidiary of Space42, has opened MENA’s first High Altitude Platform Stations (HAPS) manufacturing facility in Abu Dhabi, according to a press release. Spanning 4,500-square-meter land plot, the new center …
Global Economy
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18 May 2025 08:20 PM Waha Capital’s net profits plunge 44% in Q1-25; AUM hits AED 12.3bn
Abu Dhabi – Mubasher:  Waha Capital generated AED 157.52 million in the first quarter (Q1) of 2025, lower by 44% than AED 281.08 million in Q1-24. The company generated revenues amounting to AED 329.86 million as of 31 March 2025, down 29% …
Financial Results
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18 May 2025 06:52 PM Agthia Group’s net profits exceed AED 86m in Q1-25
Abu Dhabi – Mubasher: Agthia Group recorded lower net profits at AED 86.11 million in the first quarter (Q1) of 2025, compared to AED 127.59 million in Q1-24 Basic and diluted earnings per share (EPS) hit AED 0.09 as of 31 March 2025, versus AED …
Financial Results
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18 May 2025 06:33 PM Shuaa Capital turns into AED 195m profits in Q1-25
Dubai – Mubasher: Shuaa Capital turned profitable at AED 195.02 million in the first quarter (Q1) of 2025, against net losses valued at AED 94.73 million in Q1-24. Earnings per share (EPS) attributable to owners hit AED 0.05 as of 31 March 2025, …
Financial Results
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18 May 2025 08:54 AM TAQA posts higher revenues at AED 14.2bn in Q1-25
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) generated net profits attributable to the owners amounting to AED 2.15 billion in the first quarter (Q1) of 2025. The recorded net profits were higher than AED 2.13 billion in Q1-24, …
Financial Results