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11 April 12:35 PM

Gulf news

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23 April 2025 01:30 PM Mobily logs SAR 767m profits in Q1-25
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) generated SAR 767 million in net profit during the first quarter (Q1) of 2025, up 20.21% year-on-year (YoY) from SAR 638 million. The company’s revenues increased by 5.10% to SAR 4.77 billion in …
Financial Results
Photo Archive
23 April 2025 00:50 PM solutions, stc sign SAR 142.5m contract
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 142.40 million deal with Saudi Telecom Company (stc) on 21 April 2025, according to a bourse filing. The deal covers establishing and developing the …
Companies Investments
Photo Archive
23 April 2025 00:02 PM 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, except the funds …
Mutual Funds
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23 April 2025 11:37 AM Al Ansari Exchange, Visa expand partnership to boost financial ecosystem
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, extended its strategic partnership with Visa to drive innovation and redefine the customer experience through advanced digital payment solutions and card …
Companies Investments
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23 April 2025 09:30 AM Dubai-based startup Arabic.AI launches MENA’s 1st agentic AI platform
UAE – Mubasher: Tarjama’s Arabic.AI platform has launched MENA's first agentic AI platform specifically engineered for the Arabic language, according to a press release. Founded in the UAE in 2008 by Nour Al Hassan, Tarjama has been committed to …
Global Economy
Photo Gallery
22 April 2025 07:57 PM 7awi enhances regional presence via new appointment for Saudi Arabia
Mubasher: Dubai-based 7awi Media Group has named Amjad Fakhoury as the new Country Head for its operations in Saudi Arabia to lead the company’s strategic expansion, according to a press release. The new appointment of Fakhoury aims to drive …
Corporate Actions
Photo Archive
22 April 2025 07:13 PM Emirates Islamic Bank’s profits hike to AED 1bn in Q1-25
Dubai – Mubasher: The net profits of Emirates Islamic Bank jumped to AED 1 billion in the first quarter (Q1) of 2025 from AED 811.44 million in Q1-24. Earnings per share (EPS) increased to AED 0.18 as of 31 March 2025 from 0.14 in the year-ago …
Financial Results
Photo Archive
22 April 2025 06:45 PM Emaar contributes $1bn to promote Dubai’s global infrastructure
Dubai – Mubasher: Emaar Properties invested over $1 billion in enhancing Dubai’s global identity, affirming the company’s commitment to reinforcing the city’s international position with landmark social infrastructure. Emaar announced ongoing …
Real estate
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22 April 2025 06:15 PM Emirates NBD registers AED 6.2bn profits in Q1-25
Dubai – Mubasher: Emirates NBD recorded net profits after tax amounting to AED 6.21 billion in the first quarter (Q1) of 2025, an annual drop of 7% from AED 6.71 billion. Total operating income jumped by 11% year-on-year (YoY) to AED 11.87 billion …
Banking and Finance
Mapei Group
22 April 2025 03:54 PM Italian group Mapei opens production facility in Egypt
Cairo – Mubasher: The Mapei Group for the production of chemical products for the building industry has strengthened its industrial presence in North Africa with the opening of a new production plant in Egypt. The new facility is located in the …
Companies Investments
Photo Archive
22 April 2025 01:42 PM Aldrees sees 29.5% higher net profits in Q1-25
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company achieved SAR 100.10 million in net profit during the first quarter (Q1) of 2025, an annual hike of 29.32% from SAR 77.40 million. Revenues jumped by 33.75% to SAR 5.82 billion in …
Financial Results
Photo Archive
22 April 2025 00:30 PM Othaim Markets renews SAR 634m leas deal
Riyadh – Mubasher: Abdullah Al Othaim Markets Company renewed a lease contract worth SAR 633.70 million for the commercial complex in Dammam City on 20 April 2024. The deal has an annual rental value of SAR 39 million in addition to a compounded …
Companies Investments
Photo Archive
22 April 2025 00:17 PM SNB’s net profits jump 19.5% in Q1-25
Riyadh – Mubasher: The Saudi National Bank (SNB) posted an annual rise of 19.48% in net profit to SAR 6.02 billion during the first quarter (Q1) of 2025, compared to SAR 5.04 billion. Earnings per share (EPS) went up to SAR 0.96 as of 31 March …
Banking and Finance
Photo Archive
22 April 2025 10:31 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, except the funds …
Global Economy
Photo Archive
22 April 2025 09:56 AM First Mills secures SAR 630m loan from SAB
Riyadh – Mubasher:  First Milling Company (First Mills) penned a long-term sharia-compliant bank facility agreement worth SAR 630 million with the Saudi Awwal Bank (SAB) on 20 April 2025. First Mills will use the loan to support its commercial and …
Companies Investments
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22 April 2025 09:53 AM RAKBANK’s assets exceed AED 90bn for 1st time in Q1-25; profits up 23%
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) achieved net profits after tax valued at AED 704.49 million in the first quarter (Q1) of 2025, an annual rise of 22.70% from AED 574.19 million. Interest income hiked to AED 1.11 …
Banking and Finance
Photo Archive
21 April 2025 04:10 PM Aramco, BYD to boost innovation of energy vehicle technologies
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and BYD, a leading manufacturer of new energy vehicles and power batteries, agreed to explore cooperation opportunities in new energy vehicle technologies. This partnership leverages the …
Companies Investments
Photo Archive
21 April 2025 03:26 PM Sumou Real Estate awarded SAR 680m development agreement
Riyadh – Mubasher: Sumou Real Estate Company announced a SAR 680 million development deal with the National Housing Company to establish more than 900 Residential Villas in the Makkah Gate project. The company was awarded the project on 20 April …
Companies Investments
Photo Archive
21 April 2025 01:52 PM Saudi Chemical’s board mulls SAR 42m dividends for 2024
Riyadh – Mubasher: The board of Saudi Chemical Company proposed cash dividends of SAR 42.16 million for 2024, according to a bourse disclosure. The company will disburse a dividend of SAR 0.05 per share, equivalent to 5% of the share capital, for …
Board of Directors
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21 April 2025 01:23 PM Dubai’s RTA to launch operational trials of 50 autonomous taxis in 2025
UAE - Mubasher: Dubai’s Roads and Transport Authority (RTA) inked a memorandum of understanding (MoU) with Baidu’s autonomous ride-hailing service Apollo Go to launch autonomous taxis on a large scale across the emirate. The company will begin the …
Companies Investments
Photo Archive
21 April 2025 00:11 PM Riyad Bank’s profits cross SAR 2.4bn in Q1-25
Riyadh – Mubasher: Riyad Bank logged 19.93% year-on-year (YoY) higher net profits at SAR 2.48 billion in the first quarter (Q1) of 2025, compared to SAR 2.07 billion. The clients' deposits stood at SAR 304.09 billion in Q1-25, up 12.23% from SAR …
Financial Results
Photo Archive
21 April 2025 10:02 AM Aman’s accumulated losses hit 80% of paid-up capital
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) suffered AED 181.40 million in accumulated loss during the fourth quarter (Q4) of 2024. The incurred accumulated losses represent 80% of the paid-up capital, according to a …
Financial Results
Photo Archive
21 April 2025 09:47 AM Banque Saudi Fransi’s profits jump 16.5% in Q1-25
Riyadh – Mubasher: The net profits of Banque Saudi Fransi increased by 16.34% to SAR 1.33 billion in the first quarter (Q1) of 2025, compared to SAR 1.15 billion at the end of March 2024. The clients' deposits stood at SAR 190.72 billion in Q1-25, …
Financial Results
Photo Archive
20 April 2025 04:38 PM Al Jouf Cement turns to SAR 28m losses in 2024
Riyadh – Mubasher: Al Jouf Cement Company shifted to net losses valued at SAR 27.73 million in 2024, compared to net profits worth SAR 37.67 million a year earlier. Revenues declined by 4.75% to SAR 256.50 million in 2024 from SAR 269.28 million …
Financial Results
Photo Archive
20 April 2025 04:23 PM UAE’s total foreign trade hits AED 5.2trn in 2024
UAE – Mubasher: The UAE recorded total foreign trade of AED 5.23 trillion ($1.42 trillion) in 2024, higher by 49% than AED 3.5 trillion ($949 billion) in 2021, according to the World Trade Organization’s ‘World Trade Outlook and Statistics’ report …
Sector Reports