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25 December 06:49 AM

Sector News

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22 December 07:08 PM Fitch assigns ‘B+’ rating to Gulf Navigation’s AED 612m Sukuk issuance
Dubai - Mubasher: Fitch Ratings has assigned a ‘B+’ rating to Gulf Navigation Holding’s new sukuk issuance at AED 612 million ($167 million), reflecting the company’s solid financial position and stable outlook. The issuance has been primarily …
Ratings
Al Vista Project
9 December 04:59 PM Dubai Investments launches AED 1.3bn Al Vista mixed-use development project
Dubai - Mubasher: Dubai Investments has launched Al Vista, a landmark mixed-use development valued at AED 1.30 billion, which is set to redefine urban living in Meydan Horizon. The development scheme integrates premium residences, commercial …
Real estate
Photo Archive
19 November 05:32 PM Gulf Navigation turns to AED 4.5m net profits in 9M-25; revenues hike 35%
Dubai - Mubasher: Gulf Navigation Holding shifted to net profits after tax valued at AED 4.56 million in the first nine months (9M) of 2025, compared with net losses after tax of AED 23.56 million in 9M-24. The basic earnings per share (EPS) hit …
Financial Results
Photo Archive
19 November 04:27 PM DSI records 92% higher revenues in 9M-25; assets hit AED 634m
Dubai – Mubasher: Drake & Scull International (DSI) logged net profits amounting to AED 11.04 million in the first nine months (9M) of 2025, an annual plunge from AED 3.80 billion. Revenues soared by 92% to AED 134.91 million in 9M-25 from AED …
Financial Results
Photo Archive
19 November 10:46 AM Dubai Investments logs higher profits at AED 1bn in 9M-25
Dubai - Mubasher: Dubai Investments posted year-on-year (YoY) higher net profits at AED 1 billion in the first nine months (9M) of 2025, compared to AED 637.06 million. Total income reached AED 3.07 billion in 9M-24, an annual surge from AED 2.96 …
Financial Results
Photo Archive
13 November 09:25 PM Aramex maintained strong financial profile with AED 4.6bn revenues in 9M-25
Dubai – Mubasher: Aramex posted 83% lower net profit at AED 13.06 million in the first nine months (9M) of 2025, compared to AED 76.14 million in 9M-24. The basic and diluted earnings per share (EPS) from continuing operations hit AED 0.009 at the …
Financial Results
Photo Gallery
12 November 10:54 AM Air Arabia logs AED 1.2bn net profits in 9M-25; revenues up 10%
Dubai – Mubasher: The net profits after tax of Air Arabia jumped to AED 1.23 billion in the first nine months (9M) of 2025 from AED 1.15 billion in 9M-24, according to the financial results. Revenues hit AED 5.49 billion as of 30 September 2025, …
Financial Results
Photo Gallery
16 October 07:56 AM Aramex partners with AWS to transform global IT infrastructure.
Dubai - Mubasher: Aramex has migrated its Oceania data center (DC) to Amazon Web Services (AWS) cloud, marking the beginning of its extensive global IT modernization journey. The move aims to enhance operational agility, resilience, and …
Global Economy
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8 October 10:10 AM Dubai Investments to double subsidiary’s glass capacity with MENA’s 1st ultra-clear line
Dubai - Mubasher: Dubai Investments plans to double production at its wholly owned subsidiary, Emirates Float Glass (EFG), with a second float line. The new line will boost EFG’s daily capacity to 1,200 tons from 600 tons and debut MENA’s first …
Global Economy
Photo Gallery
2 October 08:23 AM Parkin to build 3,100 parking spaces in Dubai Sports City
Dubai - Mubasher: Parkin Company has signed a 10-year agreement to operate and manage around 3,100 new parking spaces within Dubai Sports City, according to a press release. Initial works on 900 paved spaces will commence this October and are …
Companies Investments
Photo Archive
3 September 10:00 AM Dubai Investments scales global footprint via partnership with Angola’s FSDEA
Dubai - Mubasher: Dubai Investments has signed a strategic agreement with Angola’s Sovereign Wealth Fund (FSDEA) to jointly develop large-scale real estate projects in Luanda Province. The agreement aims to boost modern urbanization and …
Global Economy
Photo Gallery
31 August 10:00 AM Dubai Investments’ unit to manufacture solar glazing solutions in UAE, GCC
Dubai - Mubasher: Emirates Glass, a leading glass processing company in the region and a subsidiary of Dubai Investments, has signed a deal with Australia-based ClearVue Technologies Limited. The five-year manufacturing and distribution agreement …
Global Economy
Photo Archive
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
Photo Archive
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
Photo Archive
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 …
Financial Results
Photo Archive
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
Photo Gallery
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
Photo Archive
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 …
Mergers and Acquisitions
Photo Archive
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
Photo Gallery
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
Photo Archive
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
Photo Archive
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
Photo Archive
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
Photo Archive
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