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Mashreq, Ghtiha report solid earnings, while war weighs on NMDC and Borouge
Several of the firms felt the squeeze from the regional war
Adnoc, Tecom, NMDC Energy, and Dubai REIT turn in 2025 results
Adnoc Distribution recorded AED 668 mn in net income last year
Kitopi gets USD 50 mn to expand, DAE leases again to Morocco, and NMDC’s dredging backlog gets bigger
Kitopi’s round was led by Singapore-based private credit platform EvolutionX
NMDC marks its first foray into Europe
The new new entity will be rebranded as Lantania NMDC Water
Edge plants flag in Europe, FAB taps T. Powe Rice for investments, Zoho rolls out data centers, and NMDC expands in the onshore market
Plus: Zoho rolls out two UAE data centers
AD Ports exits NMDC through AED 1.6 bn sale to Alpha Dhabi
The sale generated a 17% total shareholder return for AD Ports over three years
On the 3Q earnings menu today: NMDC Group, Alef Education, DFM
DFM’s market cap is nearing the USD 1 tn mark
UAE, Turkey ink AED 18 bn currency swap
Plus: Masdar completes acquisition of 50% stake in solar portfolio from Endesa
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