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Middle east news

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2 June 2025 10:18 AM Golden Pyramids Plaza’s standalone profits exceed $43.5m in 2024
Cairo – Mubasher: Golden Pyramids Plaza logged standalone net profits after tax worth $43.66 million in 2024, marking an annual hike from $28.33 million. Revenues jumped to $92.12 million last year from $80.63 million in 2023, according to the …
Financial Results
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2 June 2025 09:51 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 for the …
Trading Activities
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1 June 2025 07:19 PM Al Yamamah Steel rolls out deal exceeding SAR 167.5m in value
Riyadh – Mubasher: Al Yamamah Steel Industries Company inked a SAR 167.64 million deal with Trading & Development Partnership Company on 29 May 2025, according to a bourse disclosure. Under the one-year agreement, the two parties will join forces …
Companies Investments
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1 June 2025 07:06 PM B Investments Holding’s consolidated profits fall to EGP 70m in Q1-25
Cairo – Mubasher: B Investments Holding generated lower consolidated profits after tax at EGP 70.28 million in the first quarter (Q1) of 2025, compared to EGP 950.64 million in Q1-24. Basic and diluted earnings per share (EPS) dropped to EGP 0.35 …
Financial Results
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1 June 2025 06:42 PM OFH shifts to EGP 2m standalone losses in Q1-25
Cairo – Mubasher: Orascom Financial Holding (OFH) turned to standalone net losses valued at EGP 2.06 million in the first quarter (Q1) of 2025. The reported losses were compared with a net profit of EGP 62.47 million in the January-March 2024 …
Financial Results
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1 June 2025 06:10 PM Madinet Masr sets up subsidiary in Dubai
Cairo – Mubasher: Madinet Masr Housing and Development has begun developing a wholly owned subsidiary in Dubai under the name ‘Cities of the World’, according to a press release. In line with Madinet Masr's strategic expansion plan, the new entity …
Real estate
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1 June 2025 05:51 PM ADES Holding expands West African footprint via SAR 129m contract award
Riyadh – Mubasher: ADES Holding Company has been awarded a SAR 128.90 million contract for the use of Admarine 510 in Cameroon, marking the Saudi group’s entry into its 13th country of operations. The one-year deal also aligns with the company’s …
Companies Investments
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1 June 2025 05:14 PM Miahona to pay SAR 161m cash dividends for 2024
Riyadh – Mubasher: The board members of Miahona Company recommended cash dividends valued at SAR 160.92 million to shareholders for 2024, according to a bourse disclosure. The Saudi firm will pay out a dividend of SAR 0.10 per share, equivalent to …
Board of Directors
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1 June 2025 01:06 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 for the …
Trading Activities
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1 June 2025 11:50 AM Arabian Cement records higher profits in Q1-25; consolidated sales hit EGP 2.5bn
Cairo – Mubasher: Arabian Cement Company logged consolidated net profits after tax worth EGP 590.37 million in the first quarter (Q1) of 2025, an annual rise from EGP 152.64 million. The earnings per share (EPS) climbed to EGP 1.51 in Q1-25 from …
Financial Results
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1 June 2025 11:16 AM Amer Group logs EGP 15m consolidated profits in Q1-25
Cairo – Mubasher: Amer Group Holding Company achieved EGP 15.01 million in consolidated net profit after tax during the first quarter (Q1) of 2025, compared to EGP 14.97 million a year earlier. The revenues hiked to EGP 316.18 million at the end …
Financial Results
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1 June 2025 10:27 AM Retal appoints Chairman, Vice Chairman for new board term
Riyadh – Mubasher: Retal Urban Development Company announced two key appointments for a new board term that began on 26 May 2025 and will end on 25 May 2029. The company named Ibrahim Abdullah Abdullatif Al Fozan as the board’s Chairman for the …
Board of Directors
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1 June 2025 10:22 AM Sudatel Telecom shifts to $26m losses in Q1-25
Abu Dhabi – Mubasher: Sudatel Telecom Group turned to net losses valued at $25.96 million in the first quarter (Q1) of 2025, compared to profits of $22.34 million in Q1-24. Total operating revenues fell to $80.17 million in the first three months …
Financial Results
Mostafa Khattab, Founder of Bloomspoon
1 June 2025 09:03 AM UAE-based Bloomspoon backs regional expansion via funding from Shark Tank
UAE – Mubasher: Dubai-based startup Bloomspoon has secured investment valued at AED 800,000 in exchange for 49% equity during Season 3 of Shark Tank Dubai. The deal was offered by Toufic Kreidieh, Executive Chairman and Co-Founder of the Brands …
Global Economy
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1 June 2025 08:05 AM CBE offers EGP 50bn T-bills via 2 issues
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 50 billion through two offerings on Sunday, 1 June. The first auction was valued at EGP 40 billion, holding a tenor of 91 days on 2 …
Banking and Finance
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1 June 2025 08:02 AM ADNOC Drilling eyes 70% stake in SLB's rigs business in Kuwait, Oman
Abu Dhabi – Mubasher: ADNOC Drilling Company has signed an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman, according to a press release. The ADX-listed firm will own eight fully operational land rigs under …
Companies Investments
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1 June 2025 07:46 AM Naif Alrajhi Investment, Aljazira Capital launch SAR 1.7bn real estate fund
Riyadh – Mubasher: Naif Alrajhi Investment joined forces with Aljazira Capital to launch a closed private real estate investment fund valued at SAR 1.70 billion, according to a recent press release. The newly established fund will focus on …
Real estate
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29 May 2025 10:53 PM CI Capital’s profits cross EGP 345m in Q1-25
Cairo – Mubasher: CI Capital Holding for Financial Investments generated consolidated net profits after tax valued at EGP 345.21 million in the first quarter (Q1) of 2025, versus EGP 999.02 million in Q1-24. Total revenues dropped to EGP 2.44 …
Financial Results
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29 May 2025 09:00 PM Gridora, ADPIC team up to bolster AED 35bn transport infrastructure projects
Abu Dhabi - Mubasher:  Gridora, the new infrastructure platform established by ADQ, International Holding Company (IHC), and Modon Holding, has penned its first deal with Abu Dhabi Projects and Infrastructure Centre (ADPIC). Under the memorandum …
Companies Investments
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29 May 2025 07:59 PM Al Kuzama Trading to begin Nomu listing next week
Riyadh – Mubasher: Al Kuzama Trading Company is set to commence listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Monday, 2 June 2025. The company will float 422,400 shares, representing 10.71% of its share …
Trading Activities
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29 May 2025 07:43 PM Morabaha Marina Financing sees 29.5% lower profits in Q1-25
Riyadh – Mubasher: Morabaha Marina Financing Company posted 29.56% lower net profits at SAR 2.67 million in the first quarter (Q1) of 2025, compared to SAR 3.80 million in Q1-24. The revenues hiked by 17.86% to SAR 52.80 million as of 31 March …
Financial Results
Photo Archive
29 May 2025 07:40 AM CBE auctions EGP 90bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) worth EGP 90 billion through two issues on Thursday, 29 May. The first tranche stood at EGP 45 billion, holding a tenor of 182 days on 2 December 2025, according …
Banking and Finance
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29 May 2025 07:38 AM Banque du Caire posts 45% higher profits in Q1-25; assets hit EGP 500.8bn
Cairo – Mubasher: Banque du Caire registered standalone net profits after tax worth EGP 3.44 billion in the first quarter (Q1) of 2025, higher by 45% year-on-year (YoY) than EGP 2.37 billion. Basic earnings per share (EPS) dropped to EGP 0.35 in …
Financial Results
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29 May 2025 07:36 AM Axelerated Solutions to commence trading on Nomu next week
Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company is set to trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Sunday, 1 June 2025. The firm will list 3 million shares, …
Companies Investments
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29 May 2025 07:34 AM UAE-based fintech Qashio backs regional expansion plans via $19.8m funding
UAE – Mubasher: Dubai-headquartered fintech company Qashio has raised $19.80 million in its latest funding round to expand into Saudi Arabia and deepen its business-to-business (B2B) program across the MENA region. The fundraising transaction is a …
Global Economy