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24 August 02:57 AM

Sector News

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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 …
Financial Results
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14 August 06:55 PM Air Arabia’s revenues cross AED 3.4bn in H1-25; profits jump 11%
Dubai – Mubasher: Air Arabia recorded net profits after tax amounting to AED 655.01 million in the first half (H1) of 2025, up 11% year-on-year (YoY) from AED 631.34 million. The revenues grew by 8% to AED 3.44 billion in H1-25 from AED 3.19 …
Financial Results
Photo Archive
14 August 02:40 PM DSI’s revenues leap 57% in H1-25 due to restructuring plan
Dubai – Mubasher: Drake & Scull International (DSI) generated net profits amounting to AED 6.50 million in the first half (H1) of 2025, according to the financial results. Revenue increased by 57% to AED 77.90 million in H1-25 from AED 49.70 …
Financial Results
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10 August 09:15 AM Aramex delivers AED 3bn revenues in H1-25 backed by regional logistics growth
Dubai – Mubasher: Aramex logged net profits amounting to AED 7.85 million in the first half (H1) of 2025, down 84% year-on-year (YoY) from AED 49.45 million. Revenues increased by 1% to AED 3.06 billion in the January-June 2025 period from AED …
Global Economy
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5 August 04:02 PM Dubai Investments reports higher profit before tax at AED 546m in H1-25
Dubai - Mubasher: Dubai Investments reported profit before tax of AED 546.28 million for the six-month period ended 30 June 2025, compared to AED 431.68 million during the corresponding period in the previous year. The company's net profits after …
Financial Results
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21 July 09:33 AM Air Arabia joins consortium to build national low-cost airline in Dammam
Mubasher: A consortium comprising Air Arabia, Nesma Group, and KUN Holding won the general authority of civil aviation’s (GACA) competition to establish and operate a new national low-cost airline at King Fahd International Airport in Dammam. The …
Companies Investments
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14 July 01:52 PM Gulf Navigation raises $136m from MCB offering
Dubai – Mubasher: Gulf Navigation Holding has completed its AED 500 million mandatory convertible bond (MCB) offering, with total subscriptions exceeding AED 520 million from eligible shareholders. The shareholders subscribed for the transaction …
Companies Investments
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29 June 07:44 AM Air Arabia, Saudia announce new routes in Russia
Mubasher: Air Arabia and Saudia have expanded their operations in Russia to enhance global connectivity, according to press releases. The Emirati low-cost airline inaugurated its new route to Sochi with a frequency six weekly flights, marking the …
Companies Investments
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26 June 10:34 AM Dubai Investments expands AED 2.2bn Mirdif Hills with Asayel Avenue launch
Dubai – Mubasher: Dubai Investments has officially broken ground on Asayel Avenue, a new residential cluster expanding the AED 2.20 billion Mirdif Hills master development in the community of Mirdif. Established through Dubai Investment Real …
Real estate
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14 May 09:25 AM Air Arabia’s profits exceed AED 305m in Q1-25; revenues jump 14%
Dubai – Mubasher: The net profits attributable to the owners of Air Arabia hiked to AED 305.10 million in the first quarter (Q1) of 2025 from AED 241.03 million as of 31 March 2024. Basic and diluted earnings per share (EPS) increased to AED 0.065 …
Financial Results
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13 May 07:07 PM DSI’s growth strategy drives more increased revenues in Q1-25
Dubai – Mubasher: Drake & Scull International (DSI) turned profitable at AED 2.45 million in the first quarter (Q1) of 2025, against loss of AED 39.99 million in Q1-24. Basic earnings per share (EPS) reached AED 0.001 in Q1-25, against a loss per …
Financial Results
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12 May 07:10 PM Dubai Investments records solid financial performance in Q1-25 backed by higher rental income
Dubai – Mubasher: Dubai Investments delivered a solid overall financial performance in the first quarter (Q1) of 2025, generating net profits after tax valued at AED 167.18 million, compared to AED 112.36 million. Basic and diluted earnings per …
Financial Results
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8 May 07:37 AM Aramex sees higher revenues in Q1-25; profits exceed AED 17m
Dubai – Mubasher: Aramex generated net profits attributable to the shareholders valued at AED 17.12 million in the first quarter (Q1) of 2025. The recorded earnings were lower by 63% than AED 46.56 million in Q1-24, according to the financial …
Financial Results
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17 April 07:04 PM Dubai Investments to pay over AED 765m dividends for 2024
Dubai – Mubasher: Dubai Investments announced the distribution of an 18% cash dividend, valued at AED 765.36 million, for 2024, according to a press release. The shareholders approved the dividend proposal during the company’s 29th annual general …
General Assembly
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15 April 06:31 PM Aramex joins forces with Shipsy to enhance AI offerings
Dubai – Mubasher: Aramex signed a Master Services Agreement (MSA) with Shipsy, a leading global Saas-based platform offering AI-powered logistics orchestration. This partnership aligns with Aramex’s objectives to improve its last-mile delivery …
Companies Investments
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19 March 06:46 PM DSI’s unit awarded AED 169m project contact
Dubai – Mubasher: Passavant Energy & Environment Limited, a subsidiary of Drake & Scull International (DSI), has been awarded an AED 169 million contract by Maharashtra Industrial Township Limited (MITL). The project scope includes the complete …
Companies Investments
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16 March 03:52 PM Gulf Navigation to acquire Brooge Energy’s assets for AED 3.1bn
Dubai – Mubasher: The shareholders of Gulf Navigation Holding approved the strategic acquisition of assets and companies owned by Brooge Energy Limited (BEL) for a total value of AED 3.19 billion. The shareholders granted their approval at the …
Mergers and Acquisitions
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11 March 10:40 AM ADQ to become major shareholder in Aramex
Dubai – Mubasher: Q Logistics Holding, a wholly owned indirect subsidiary of ADQ, submitted a voluntary tender offer to acquire a stake in Aramex, according to a press release. Upon completing the transaction, ADQ will become the majority …
Mergers and Acquisitions
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27 February 08:30 AM Parkin, UITP join forces to advance parking solutions globally
Dubai – Mubasher: Parkin Company has entered into a partnership with UITP, the International Association of Public Transport, to improve parking management in urban areas globally. The two entities will join forces to advance parking solutions, …
Companies Investments
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24 February 09:43 PM DSI secures 2 contracts surpassing AED 1bn
Dubai – Mubasher: Drake & Scull International (DSI) has secured two major contracts for the highly anticipated Arabian Hills Project, with a combined value exceeding AED 1 billion. Spanning a 224 million square feet area, the Arabian Hills Project …
Companies Investments
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20 February 09:32 PM Dubai Investments unveils strategic MoUs at regional meeting boosting cross-border cooperation
Dubai – Mubasher: Dubai Investments recently announced that its subsidiaries GlobalPharma and Emirates Float Glass (EFG) have signed strategic memoranda of understanding (MOUs) during the fifth Higher Committee Meeting of the Integrated Industrial …
Global Economy
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16 February 08:17 PM Gulf Navigation incurs AED 23m losses in 2024
Dubai – Mubasher: Gulf Navigation Holding shifted to net losses valued at AED 22.79 million in 2024, against net profits amounting to AED 21.27 million in 2023. Revenues dropped to AED 88.68 million in 2024 from AED 105.53 million a year earlier, …
Financial Results
Photo Archive
16 February 07:11 PM Air Arabia sees higher profits in 2024 backed by operational growth; dividends recommended
Dubai – Mubasher: Air Arabia posted a record pre-tax net profit of AED 1.60 billion in 2024, an annual rise of 4% from AED 1.54 billion, according to the financial results. Total revenue amounted to AED 6.63 billion as of 31 December 2024, up 11% …
Financial Results
Photo Archive
13 February 08:33 AM DSI logs AED 3.7bn profits attributable to shareholders in 2024
Dubai – Mubasher: Drake & Scull International (DSI) turned profitable attributable to the shareholders at AED 3.74 billion as of 31 December 2024, versus net losses valued at AED 368.11 million in 2023. The company posted higher revenues at AED …
Financial Results
Photo Archive
13 February 07:59 AM Dubai Investments sees higher profits at AED 1.2bn in 2024
Dubai – Mubasher: The net profits after tax of Dubai Investments increased to AED 1.20 billion as of 31 December 2024 from AED 1.13 billion in 2023, according to the preliminary financial results. The company’s revenues amounted to AED 4.60 …
Financial Results