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1 hour ago e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
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3 hours ago TAQA secures AED 8.5bn loan with participation of 3 UAE-listed banks
Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has secured an AED 8.50 billion corporate term loan facility to strengthen its balance sheet and support long-term growth. The two-year AED-denominated floating-rate facility, with a …
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5 hours ago CI Capital backs regional expansion plans via EGP 4.9bn revenues in H1-25
Cairo - Mubasher: CI Capital Holding for Financial Investments registered an annual drop in consolidated net profits after tax to EGP 699.28 million in the first half (H1) of 2025, compared to EGP 1.31 billion. Total revenues declined to EGP 4.92 …
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06:44 AM UAE’s CE-Ventures backs $100m round in US-based Aalo Atomics
UAE - Mubasher: CE-Ventures, the corporate venture capital (VC) platform of Crescent Enterprises, has joined the $100 million Series B funding round for leading US nuclear technology company Aalo Atomics, according to a press release. The …
Founders of Starvania Studios
06:42 AM Starvania Studios to expand global business via $1.1m funding
Riyadh – Mubasher: Saudi Arabia-based Starvania Studios has secured an investment of $1.10 million from Merak Capital and Impact46, according to a press release. The funding will contribute to accelerating Starvania Studios’ growth trajectory by …
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02:23 AM UAE-based Coraly.ai secures $2m funding to fuel regional expansion, international market entry
UAE – Mubasher: Proptech company Coraly.ai, formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market …
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12:26 AM Proptech market in UAE likely to exceed AED 5.6bn by 2030 – Report
UAE – Mubasher: The proptech sector in the UAE is projected to be valued at AED 5.69 billion by 2030, according to market insights and analysis firm Research and Markets. The market would nearly triple and expand at a compound annual growth rate …
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20 August 03:41 PM UAE banking sector’s financial transfers hit AED 9.5trn in five months
UAE - Mubasher: The UAE Funds Transfer System (UAEFTS) registered AED 9.52 trillion in total transfers during the first five months (5M) of 2025, Emirates News Agency (WAM) cited the Central Bank of the UAE (CBUAE). Bank transfers amounted to AED …
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20 August 01:22 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 …
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20 August 12:59 PM Masdar-led alliance closes $1.1bn deal for solar project in Saudi Arabia
Abu Dhabi - Mubasher: Abu Dhabi Future Energy Company (Masdar), GD Power, and Korea Electric Power Corporation jointly closed a $1.10 billion deal for the 2-gigawatt (GW) Al Sadawi solar project. The project falls under the National Renewable …
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20 August 12:49 PM Lulu Retail launches new express store in Dubai to expand regional footprint
Abu Dhabi - Mubasher: Lulu Retail Holdings has opened a new 22,000-square-foot Lulu express store in Nad Al Hammar, Dubai, marking its 112th store in the UAE. The launch is part of the company’s expansion plans and underscores its strong retail …
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19 August 01:07 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, except …
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19 August 12:00 PM Professional.me secures $3.1m funding round to fuel regional expansion plans
UAE – Mubasher: Abu Dhabi-based HRtech Professional.me has raised $3.1 million in seed funding led by Raha Beach Ventures, bringing its total to $4.6 million, according to a press release. The company will use the funding to expand its engineering …
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18 August 03:05 PM Agility Global’s net profits fall to $75m in H1-25
Abu Dhabi - Mubasher: Agility Global witnessed an annual drop of 14.98% in net profits to $75.08 million during the first half (H1) of 2025, compared to $88.32 million. The group reported basic and diluted earnings per share (EPS) amounting to …
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18 August 12:23 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 …
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17 August 05:59 PM GMPC reports 46% surge in H1-25 net profits
Abu Dhabi - Mubasher: Gulf Medical Projects Company (GMPC) achieved AED 69.68 million in net profits after tax during the first six months (6M) of 2025, higher by 46.32% year-on-year (YoY) than AED 47.62 million. Revenues stood at AED 365.41 …
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17 August 05:49 PM Manazel posts lower net losses in H1-25
Abu Dhabi - Mubasher: Manazel incurred net losses after tax valued at AED 737,000 in the first six months (6M) of 2025, compared to AED 59.89 million in the same period of 2024. Diluted and basic loss per share stood at AED 0.00028 as of 30 June …
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17 August 05:44 PM Gulf Navigation swings to profitability in H1-25; revenues leap 110% in Q2-25
Dubai - Mubasher: Gulf Navigation Holding reported AED 463,000 in net profits after tax during the first half (H1) of 2025, versus net losses of AED 24.69 million in H1-24. Revenues surged to AED 54.35 million in the first six months (6M) of 2025 …
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17 August 02:45 PM Palm Hills achieves highest-ever H1 results, expects EGP 300bn sales from Abu Dhabi project
Cairo – Mubasher: The consolidated net profits after tax and minority interest of Palm Hills Developments Company hiked by 43% to EGP 2.44 billion in the first half (H1) of 2025 from EGP 1.70 billion in H1-24. Earnings per share (EPS) amounted to …
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17 August 02:05 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 …
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17 August 12:51 PM Shuaa Capital delivers solid financial performance with AED 217m profits in H1-25
Dubai – Mubasher: Shuaa Capital shifted to net profits after corporate tax valued at AED 217.12 million in the first half (H1) of 2025, against net losses of AED 125.61 million in H1-24. Earnings per share attributable to the owners hit AED 0.06 …
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17 August 11:46 AM GFH’s profits to owners surpass $67m in H1-25; dividends proposed
Mubasher: The net profits attributable to the shareholders of GFH Financial Group jumped by 10.69% to $67.23 million in the first half (H1) of 2025 from $60.74 million a year earlier. Total income hit $357.06 million in H1-25, up 7.48% …
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17 August 11:04 AM EFG Holding delivers strong performance in H1-25 despite geopolitical volatility in MENA
Cairo – Mubasher: EFG Holding generated EGP 2.86 billion in consolidated net profits after tax during the first half (H1) of 2025, compared to EGP 3.16 billion in H1-24.  Revenues amounted to EGP 11.52 billion in H1-25, an annual plunge from EGP …
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14 August 11:27 PM MENA-focused Valu’s net income surges 64% in H1-25
Cairo – Mubasher: U Consumer Finance (Valu) recorded 64% year-on-year (YoY) higher net income at EGP 341 million during the first half (H1) of 2025, according to the financial results. The gross revenue hiked by 94% YoY to EGP 2.60 billion at the …
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14 August 09:48 PM Bitcoin MENA 2025 reaffirms Abu Dhabi as global hub for digital asset innovation – ADNEC’s Al Dhaheri
Mubasher: Bitcoin MENA will take place at the ADNEC Centre Abu Dhabi on 8-9 December 2025, marking a premier event for Bitcoin and cryptocurrency innovation in the Middle East, according to a press release. The two-day event is co-organized by …