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Startup watch
Shorooq and Presight take a slice of US robotics startup Maven’s USD 100 mn round
Maven is a Santa Clara-based maker of warehouse robots that came out of stealth this…
Seviora and FAB link up, another Chinese bank expands to DIFC, and AÏZA raises funds for Saudi expansion. Plus: More warehousing capacity at Kezad
FAB will look into distributing Temasek’s asset manager’s strategies to its clients
Mubadala, EBRD back Egypt’s Paymob
The latest round takes Paymob’s total disclosed funding to roughly USD 125.5 mn, by our…
FMSi targets Saudi expansion, Gulf M&A following Shorooq and EGF investment
The UAE fleet-tech firm already works with 25+ Saudi partners and now has fresh capital…
Earnings watch
SIB’s net income slips 1.7% in 3Q as fee income drops despite financing growth
The bank’s 9M earnings are still up 9%, but weaker fees and rising costs weighed…
Taaleem’s FY 2025/26 earnings fall 22% as expansion costs offset enrollment growth
Taaleem’s top line hit a record, but higher financing and depreciation costs pulled FY earnings…
MAF posts record EBITDA, with decline in retail revenue on the back of the conflict, eyes Syria for expansion
The firm’s revenue rose 1.4% to AED 17.5 bn as development and malls offset a…
Emirates REIT’s 1H earnings fall 71%, but rental growth boosts underlying performance
Revaluation gains fell 79%, masking stronger rental and operating performance