According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 12) for the listed bonds of Global Corp Securitization The First Issue-First Program Tranche C January 2027
. The total listed value of the bonds after the partial redemption becomes EGP 226,689,999.99 distributed over 4,090,000 bonds at a par value of EGP 55.42542. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS as (A)، at a variable Return rate equal to the Lending Rate announced by the Central Bank + Margin 0.60 % to be paid monthly

According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 1) for the listed bonds of Capital For Securitization The Second Issuance - Seventh Program Tranche C August 2025 V.R. The total listed value of the bonds after the partial redemption becomes EGP 222,300,000.00 distributed over 2,470,000 bonds at a par value of EGP 90.00000. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS as (P1)، at a variable annual Return rate equal to the Lending Rate (corridor) announced by the Central Bank + Margin 0.6 % to be paid monthly (maximum of 30.85% and minimum of 24.85%).

According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 7) for the listed bonds of Tawreeq Securitization The Eighth Issue Tranche D December 2026. The total listed value of the bonds after the partial redemption becomes EGP 31,486,158.97 distributed over 782,000 bonds at a par value of EGP 40.26363. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a fixed annual Return rate of 10.85% to be paid monthly

According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 6) for the listed bonds of Aur Securitization The First Issuance Tranche B May 2026 Variable Return Rate. The total listed value of the bonds after the partial redemption becomes EGP 149,821,604.37 distributed over 2,300,000 bonds at a par value of EGP 65.13982. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS as (AA) ، at a variable Return rate equal to the Lending Rate (corridor) announced by the Central Bank + Margin 0.5 % to be paid monthly starting from the third month from the issuance date.

According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 17) for the listed bonds of Capital For Securitization The Third Issuance - First Program Tranche B January 2026. The total listed value of the bonds after the partial redemption becomes EGP 299,500,000.00 distributed over 8,110,000 bonds at a par value of EGP 36.92971. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS as (AA)، at a variable annual Return rate equal to the Lending & Discount Rate announced by the Central Bank + Margin 0.40 % to be Paid Monthly.

According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 2) for the listed bonds of EL TAAMIR Securitization The Sixth Issue Tranche C March 2027. The total listed value of the bonds after the partial redemption becomes EGP 190,149,083.99 distributed over 2,025,000 bonds at a par value of EGP 93.90078. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a variable annual Return rate equal to the Lending Rate announced by the Central Bank + Margin 0.60 % to be paid monthly

According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 6) for the listed bonds of EL TAAMIR Securitization The Fifth Issue Tranche D November 2025. The total listed value of the bonds after the partial redemption becomes EGP 100,521,282.00 distributed over 1,760,000 bonds at a par value of EGP 57.11436. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a variable annual Return rate equal to the Lending Rate announced by the Central Bank + Margin 1 % to be paid monthly

According to the letter received from the MCDR on 2025/06/03 by the periodical partial redemption (installment no. 13) for the listed bonds of AL Rehab For Securitization The Third Issue-First Program Tranche C July 2027. The total listed value of the bonds after the partial redemption becomes EGP 52,899,999.99 distributed over 1,891,250 bonds at a par value of EGP 27.97091. These modifications will be applied to EGX database effective 2025/06/10 trading session. This bond tranche has been locally rated by MERIS As (A-) ، At a fixed annual Return rate of 10.35% to be paid monthly Starting From September 2022

Company: Extracted Oils
Symbols: EGS38251C012
Reuters: ZEOT.CA
Content :
Release from the company concerning case no. 6919 for the year 91 ,regarding the land of the Moharram Bek factories.
Release from the Company in Arabic & English (334 KB)

Company: Misr Beni Suef Cement
Symbols: EGS3C371C019
Reuters: MBSC.CA
Content:
Notarized minutes of the AGM held on 24/05/2025.

The AGM Minutes (2,088 KB)

Company: Reacap Financial Investments
Symbols: EGS69191C012
Reuters: REAC.CA
Content:
With reference to the invitation to the Extraordinary General Assembly scheduled to be held on Monday 30/06/2025, a release from the company regarding the proposal to amend some Articles of the company's Articles of Association.
Release from the Company (651 KB)

Company Name: El Ahli Investment and Development
ISIN Code: EGS69021C011
Currency: Egyptian Pound
F/S (Standalone) Period: From 01/01/2024 to 31/12/2024
Net loss: 27,462,851
F/S (Standalone) Period: From 01/01/2023 to 31/12/2023
Net Comparative profit: 1,855,997
Audit Status: Audited
Source: El Ahli Investment and Development

 The Corporate Government Report (10,580 KB)

Trading Economics-


The FTSE 100 edged up on Tuesday, as gains in defensive utility and defence stocks balanced out losses in mining shares, which fell after weak Chinese economic data. Defence firm Chemring surged in the FTSE 250 after saying it expects to benefit from higher government defence spending, boosting sentiment across defence stocks. Utilities also outperformed as investors took a more cautious stance amid global uncertainty. In contrast, Pearson shares dropped following a disappointing update from IDP Education. Homebuilders were under pressure after MJ Gleeson issued a profit warning, citing a slow housing recovery and planning delays. Vistry fell around 5%, while Persimmon, Crest Nicholson, and Barratt also declined. BoE policymakers told Parliament that despite economic uncertainty, interest rates are still likely to fall. Meanwhile, the OECD warned that the UK’s limited fiscal headroom leaves it vulnerable to economic shocks under Chancellor Rachel Reeves's current spending rules.

Trading Economics-


European stocks closed mostly flat on Tuesday, recovering from losses of more than 1% earlier in the session after weaker-than-expected Eurozone inflation data reinforced expectations for a 25 basis point rate cut by the ECB later this week. Meanwhile, global growth concerns weighed on sentiment after the OECD cut its outlook, projecting world GDP to slow from 3.3% in 2024 to 2.9% in both 2025 and 2026, citing escalating trade tensions. Adding to market jitters, political instability in the Netherlands deepened as the government collapsed over immigration policy disagreements. In corporate news, healthcare real estate firms Aedifica and Cofinimmo announced a merger, forming the largest healthcare property company in Europe. Meanwhile, British American Tobacco said it expects a return to revenue and profit growth in its US operations this year and raised its annual sales growth target to 1–2%

(QNA)-


US stock indexes closed higher at the end of trading Tuesday.

The S&P 500 index closed up 34.59 points, or 0.58 percent, to close at 5,970.53. The Nasdaq Composite also rose 157.54 points, or 0.82 percent, to 19,400.15. The Dow Jones Industrial Average rose 219.19 points, or 0.52 percent, to close at 42,524.67.

Company Name: El Ahli Investment and Development
ISIN Code: EGS69021C011
Currency: Egyptian Pound
F/S (Standalone) Period: From 01/01/2024 to 31/12/2024
Net loss: 27,462,851
F/S (Standalone) Period: From 01/01/2023 to 31/12/2023
Net Comparative profit: 1,855,997
Audit Status: Audited
Source: El Ahli Investment and Development
The Financial Statements (8,189 KB)
The Corporate Government Report (10,580 KB)

Trading Economics-


Frankfurt's DAX gained ground to close about 0.7% firmer at one-week highs of 24,092 on Tuesday, recovering from yesterday's losses and outperforming its regional peers. Market sentiment improved as softer-than-expected Eurozone inflation data bolstered expectations for a 25 basis point rate cut by the ECB later this week. However, gains were tempered by renewed concerns over global growth following the OECD’s downgraded economic outlook and rising political uncertainty in the Netherlands after the collapse of the ruling coalition. Additionally, lingering global trade tensions continued to cast a shadow over investor confidence. Among individual stocks, top gainers included Airbus (+2.3%), Siemens Energy (+2%), SAP (+2%), BMW (+1.9%), Vonovia (+1.9%) and Infineon Technologies (+1.6%).

Company Name: El Ahli Investment and Development
ISIN Code: EGS69021C011
Currency: Egyptian Pound
F/S (Consolidated) Period: From 01/01/2024 to 31/12/2024
Net profit: 32,468,709
F/S (Consolidated) Period: From 01/01/2023 to 31/12/2023
Net Comparative profit: 17,865,062
Audit Status: Audited
Source: El Ahli Investment and Development

Taking minority rights into consideration

Trading Economics-


The S&P/TSX Composite Index edged up 0.1% to a record 26,427 on Tuesday, driven by energy sector strength even as erratic US trade policies and a softer global growth outlook weighed on broader risk assets. Oil giants Canadian Natural, Suncor, Imperial Oil, and Cenovus led the advance, each adding between 0.9% and 2.2%, reflecting higher crude prices.The OECD’s recent downgrade to its global growth forecast further amplifies this risk, signaling weaker foreign demand for Canadian commodities. Domestically, April’s mixed inflation readings have markets split over whether the Bank of Canada will hold or adjust rates, adding uncertainty for rate-sensitive real estate and financial stocks.

Company Name: El Ahli Investment and Development
ISIN Code: EGS69021C011
Currency: Egyptian Pound
F/S (Consolidated) Period: From 01/01/2024 to 31/12/2024
Net profit: 32,468,709
F/S (Consolidated) Period: From 01/01/2023 to 31/12/2023
Net Comparative profit: 17,865,062
Audit Status: Audited
Source: El Ahli Investment and Development

Taking minority rights into consideration
The BoD Report (2,933 KB)
The Financial Statements (10,109 KB)

Trading Economics-


The Ibovespa rose 0.6% to close at 137,546 on Tuesday, buoyed by easing fiscal concerns after President Lula supported negotiating alternatives to the unpopular IOF tax hike and Finance Minister Haddad signaled flexibility on the decree, improving the outlook for consensus on a credible fiscal strategy. This potential retreat from abrupt tax increases in favor of more structured measures reassured investors wary of growth-damaging policy errors, particularly after markets had punished the government for its unilateral announcement. Gains were led by domestic-focused stocks like Magazine Luiza (6.2%) and B3 (2.3%), reflecting optimism that a more collaborative fiscal path could protect consumption and credit. On the other hand, mega caps Petrobras and JBS capped the index’s advance with losses of 2.8% and 3%, respectively.

Trading Economics-


Chinese equities advanced for a second consecutive session on Wednesday, with the Shanghai Composite climbing 0.42% to above 3,376 and the Shenzhen Component gaining 0.87% to 10,145. The rally was fueled by strength in technology shares and upbeat sentiment from Wall Street, where Nvidia surged nearly 3% to reclaim its position as the world’s most valuable publicly traded company. The gains came despite renewed trade tensions,Top performers included Eoptolink Technology (+7.2%), Zhongji Innolight (+6.0%), GZ Kingteller (+10.0%), and Wus Printed Circuit (+6.8%).

Trading Economics-


South Korea’s inflation rate eased to 1.9% in May 2025, the lowest level in five months and below market expectations of 2.1%. The decline follows the Bank of Korea’s decision to cut interest rates for a fourth time in the current easing cycle, aiming to cushion the economy from the impact of recently imposed US tariffs. The central bank also signaled its readiness to implement additional rate cuts over the next three months if needed. In a separate major development, opposition leader Lee Jae-myung is set to become South Korea’s next president, following months of political turmoil and the impeachment of former President Yoon Suk Yeol over his failed attempt to impose martial law. On a monthly basis, consumer prices dropped 0.1% in May, defying forecasts of a 0.1% increase and marking the weakest reading in six months.

Trading Economics-


The S&P/ASX 200 Index climbed 0.8% to close at 8,533 on Wednesday, hitting a fresh three-month high as weaker-than-expected Q1 GDP data fueled expectations of a more dovish RBA stance. Australia’s economy grew just 0.2% quarter-on-quarter in Q1 2025—down from 0.6% and below the forecasted 0.4%—marking its slowest pace in three quarters, while annual GDP rose 1.3%, steady but short of the 1.5% estimate. This aligned with the Reserve Bank of Australia’s latest meeting minutes, which signaled readiness to deliver more aggressive rate cuts if downside risks materialize. Meanwhile, investors reacted positively to sustained growth in Australia’s composite and services sectors, alongside a slight improvement in manufacturing. On the corporate front, notable gains were seen in Commonwealth Bank (0.9%), BHP Group (0.9%), Westpac Banking (1.7%), and Macquarie Group (1.3%).

Trading Economics-


The S&P Global United Arab Emirates PMI edged down to 53.3 in May 2025, from 54 in each of the previous two months, marking its lowest level since September 2021. Despite the moderation, companies continued to benefit from strong client demand, although some firms cited competitive pressures and weaker trade—due to US tariffs—as factors weighing on growth. New orders growth eased but remained robust. Output also expanded, though at the slowest rate in nearly four years. The pace of growth in input purchasing eased to its weakest in 28 months, leading to a sharp cutback in inventories, which was the fastest on record. On a more positive note, employment rose to its highest in a year, while backlog accumulation slowed to a 16-month low. On prices, input cost inflation decelerated to its lowest since December 2023, however, selling prices rose for the fifth month. Lastly, optimism softened to its weakest since January, with only around 10% of businesses expecting growth in the year ahead.

Company: El Ahli Investment and Development
Symbols: EGS69021C011
Reuters: AFDI.CA
Content:
Decisions of the Board of Directors' meeting held on 03/06/2025.

The BoD Decisions (748 KB)
The BoD Report (2,933 KB)
ESG Report (7,774 KB)

Trading Economics-


New Zealand's benchmark S&P/NZX 50 index climbed 1.4% to close at 12,495 on Wednesday, recovering from a 0.7% decline in the previous session. The index followed a rally in US equities, boosted by rises in chip stocks and stronger-than-expected job openings data for April. Investors now await possible negotiations between the US and its trading partners for greater clarity on Washington's tariff plans.Gains were broad-based across sectors, with strong moves seen in utility providers Meridian Energy (3.05%), Mercury NZ (4.2%), and Vector (4.2%). Local shares of Australian banks Westpac and ANZ also rose 2.6% and 2.0%, respectively. Other notable large-cap performers included Auckland Intl Airport (2.9%), a2 Milk (3.9%), and Spark NZ (2.5%).

Trading Economics-


The benchmark KOSPI rallied 2.66% to close at 2,771 on Wednesday, hitting its highest level in over ten months as investor sentiment improved following the election of Lee Jae-myung as South Korea's new president. The president-elect has pledged to revitalize the economy through a comprehensive recovery plan which includes a $20.6 billion supplementary budget, deregulation to foster innovation, and significant investments in AI, biotechnology, and renewable energy. Additionally, amid US tariff concerns, President Lee vows to secure better trade terms and deepen ties with China, Japan, and North Korea. Leading gains among major stocks were chipmakers and financials, such as SK Hynix (5.4%), Samsung Electronics (1.6%), Shinhan Financial Group (5.6%), and KB Financial Group (7.3%). Conversely, losses were seen in Celltrion (0.5%) and Samsung Biologics (0.2%).

Trading Economics-


The Nikkei 225 Index jumped 0.8% to close at 37,748 while the broader Topix Index gained 0.51% to 2,785 on Wednesday, snapping a three-day losing streak as gains on Wall Street fueled investor optimism. Sentiment was buoyed by a sharp rebound in US tech stocks, with Nvidia jumping nearly 3% to reclaim its position as the world’s most valuable publicly traded company, overtaking Microsoft. Domestically, Bank of Japan Governor Kazuo Ueda reaffirmed the central bank’s readiness to raise interest rates if economic and inflation forecasts are met, reinforcing expectations of a slow but steady policy normalization. Ueda emphasized that Japan’s economy remains in a moderate recovery, supported by robust corporate earnings and firm business sentiment, despite some lingering weaknesses. Top gainers included Sanrio and IHI Corp, both up 4.2%, and Nintendo, which climbed 3.4%.

Trading Economics-


India's BSE Sensex closed about 0.3% up at 80,998.3 on Wednesday, snapping a three-day losing streak, amid optimism over progress in US-China trade negotiations and an anticipated rate cut by the Reserve Bank of India (RBI) later in the week. The Reserve Bank’s policy team began its three-day meeting to discuss interest rates, with high hopes for a 25 or even 50 basis point cut to boost the economy amid uncertainty ,Meanwhile, foreign institutional investors (FIIs) extended their selling streak for the third straight session on June 3. On the corporate front, gains were led by index heavyweights like Eternal, IndusInd Bank, Bharti Airtel, Tech Mahindra, Reliance Industries, Tata Motors, Tata Steel and HDFC Bank, adding between 0.7% and 3.2%. On the flipside, Bajaj Finserv (-1.7%), Axis Bank (-0.8%) and TCS (-0.7%) posted the biggest declines.

SPA-

The World Bank announced today that it will allocate $1 billion to support the Democratic Republic of the Congo in its preparations for the next phase of the Inga Hydropower Project, which is expected to be the largest of its kind in the world.
In a statement, the Bank explained that it will allocate $250 million as a down payment for the Inga 3 project, part of the Grand Inga Hydropower Complex.
The project is planned to be built in phases, starting with the 351-megawatt Inga 1 plant, which came online in 1972; the 1,424-megawatt Inga 2 plant, which came online ten years later; and the 1,424-megawatt Inga 3 plant, which is currently under construction.
The Inga project is located on the Congo River, the third-largest river in the world by flow volume. The site has the potential to generate approximately 40,000 megawatts of electricity in the future, nearly double the capacity of the Three Gorges Dam in China, the world's largest hydropower facility currently, with a capacity of 22,500 megawatts.

Company: Gadwa For Industrial Development
Symbols: EGS3JM11C012
Reuters: GDWA.CA
Content:
The company AGM & EGM Resolutions held on 03/06/2025.

The EGM Decisions in Arabic & English (2,852 KB)
The AGM Decisions in Arabic & English (1,357 KB)

The Saudi Stock Exchange's main index closed today with a rise of (172.10) points, closing at (11004.53) points, with trading valued at (4.6) billion Saudi riyals.
The volume of traded shares - according to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange - reached (183) million shares, with the shares of (191) companies recording an increase in their value, while the shares of (50) companies closed in decline.
The shares of the Saudi Group, ACWA Power, Al-Babtain, Tabuk Cement, and Burgerizer companies were the highest risers, while the shares of Saudi Pipes, Research and Media, Jadwa REIT Saudi Arabia, Aldawa, and Al-Muather REIT were the lowest in trading, with the percentages of rise and fall ranging between (7.03%) and (6.33%). The shares of Americana, Saudi Aramco, Electrical Industries, Al Ahli, and Al Rajhi were the most active in terms of volume, while the shares of Al Rajhi, Saudi Aramco, Al Ahli, STC, and ACWA Power were the most active in terms of value. The Saudi Parallel Stock Index (Nomu) closed today with an increase of (257.90) points, closing at (27,307.74) points, with trades valued at more than (27) million Saudi riyals, and the volume of traded shares exceeding (3) million shares.

(WAM)-


United Arab Bank PJSC (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to AED1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from AED2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to AED3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank.

Further, United Arab Bank has published an invitation to its shareholders (the "Invitation") to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB’s website (http://www.uab.ae/) on or around today's date.

The New Shares will be issued at an issue price of AED1 per New Share (the "Issue Price"). The terms and launch of the Rights Issue were approved by the UAB’s General Assembly Meeting held on 6th March 2025, following the approval of the Board of Directors of the Bank held on 4th February 2025. The necessary regulatory approvals have been obtained for this transaction.

United Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of United Arab Bank.

The holders of Rights, which includes shareholders of United Arab Bank and any persons who purchased Rights during the Rights Trading Period (the "Eligible Persons"), will be entitled to exercise their Rights to subscribe for New Shares at the Issue Price commencing on 4th July 2025 and ending on 17th July 2025.

The New Shares will be allocated to Eligible Persons on 24 July 2025. Refunds will be given to Eligible Persons, who did not receive the number of New Shares that they subscribed for, on or around 24th July 2025.

Commenting on the announcement, Shirish Bhide, CEO of United Arab Bank, said, "The Rights Issue represents a significant milestone in the Bank’s journey towards its next phase of growth. It is an important step in strengthening United Arab Bank’s capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.”

First Abu Dhabi Bank PJSC has been appointed as Lead Manager and Bookrunner in respect of the Rights Issue and Al Tamimi & Co. have been appointed as Legal Adviser.

(WAM)-


MGX, BlackRock, Global Infrastructure Partners (GIP), a part of BlackRock, and Microsoft today announced that the Kuwait Investment Authority (KIA) will join the AI Infrastructure Partnership (AIP), further reinforcing AIP’s global reach and strategic impact as it accelerates investment in next-generation AI infrastructure.

KIA’s participation underscores the partnership between leading regional and global institutions in advancing the infrastructure and innovation needed to power the future of artificial intelligence.

KIA is the first non-founder financial anchor investor to join AIP. With decades of deep investment experience, KIA is well positioned to support AIP’s growth and help execute its global strategy.

Established in September 2024 by BlackRock, Global Infrastructure Partners (GIP), MGX, and Microsoft, AIP was created to help mobilise US$30 billion of equity capital from investors, asset owners, and corporations, with the potential to reach up to US$100 billion when including debt financing.

Over the past year, it has become one of the world’s leading AI infrastructure platforms with the addition of technology partners NVIDIA, xAI, and Cisco, along with agreements with GE Vernova and NextEra Energy to help accelerate the scaling of energy solutions for AI data centers.

Sheikh Saoud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority (KIA), said, “KIA’s participation in AIP reflects our long-term commitment to investing in transformative global infrastructure that drives innovation and economic progress. We view AI infrastructure as an instrumental driver of future growth, and we are proud to collaborate with leading global partners to accelerate its development at scale.”

Ahmed Yahia Al Idrissi, Managing Director and CEO of MGX, said, “We are delighted to welcome KIA as a strategic capital partner, marking a significant milestone that further reinforces the strength and long-term vision of the AIP Partnership. As the demand for AI infrastructure continues to rise, we must scale our investments and accelerate the pace of execution, working with our global partners.”

Bayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, a part of BlackRock, said, “We are pleased to welcome KIA as a partner in AIP. We have a longstanding and deep relationship with KIA, and we look forward to working with them and our other partners to position AIP at the forefront of helping to further our joint ambition to enhance AI innovation and economic growth.”

(WAM)-


Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has signed a contract with Darwish Engineering, one of the UAE’s leading construction firms, to execute infrastructure works for the Al Tay Hills residential project in Sharjah, with a total value of AED198 million.

The contract was signed through Qaryat Al Nakheel Real Estate, the project’s executive arm and a subsidiary of Kuwait Real Estate. The agreement covers the design and execution of core infrastructure, including sewage networks, a wastewater treatment plant, two water pumping stations, and networks for roads, stormwater drainage, electricity, telecommunications and water.

Khaled Esbaitah, Chairman of IFA Hotels and Resorts, said, "Our agreement with Darwish Engineering, a company with a strong track record in the construction sector, marks a significant milestone in our vision to develop integrated urban projects that elevate standards of quality and innovation in the real estate market."

He added, "We are confident that this collaboration will bring a qualitative leap in the development of Al Tay Hills' infrastructure, enhancing its investment appeal and establishing it as a modern urban destination. We see this partnership as a pivotal step towards achieving our vision of building smart and sustainable residential communities."

Bahaa Al-Nahwi, General Manager of Darwish Engineering, said the contract represents a strategic milestone that reinforces the company’s commitment to delivering integrated engineering solutions that raise the bar for urban development in Sharjah. He confirmed that Darwish Engineering will deploy its full technical expertise and resources to deliver the project within the approved timeline and in line with the highest engineering standards.

Al Tay Hills is one of the largest residential developments in Sharjah, spanning over 6 million square feet and comprising 1,100 residential units, including villas and townhouses. Strategically located on Emirates Road, it will feature the region’s longest green river, extending 2.5 kilometres. The first phase is scheduled for delivery in the first quarter of 2028.

Since its launch, the project has attracted strong interest from investors and buyers, underscoring its appeal as one of Sharjah’s most prominent residential destinations. The demand for luxury units combining contemporary design with prime location highlights its market strength and potential to meet the needs of those seeking to invest in a forward-looking, integrated residential community.

(WAM)-


EDGE, one of the world’s leading advanced technology and defence groups, has announced the signing of a major AED9 billion (US$2.45 billion) defence contract with the Kuwait Ministry of Defence for the supply of FALAJ3 62-metre missile boats.

This contract marks the largest naval shipbuilding export in the region and ranks among the highest-value naval export deals globally.

As the prime contractor, EDGE will lead the programme which includes the design, construction, trials, and delivery of the vessels, in addition to Integrated Logistics Support (ILS) and In-Service Support (ISS).

EDGE will also provide the ammunition for the vessels, further demonstrating its end-to-end capability offering.

Abu Dhabi Ship Building (ADSB), EDGE Group’s naval arm and the UAE’s leading shipbuilder, has been selected as the build subcontractor for the programme.

Hamad Al Marar, Managing Director and CEO, EDGE, said, “This agreement with Kuwait is hugely significant both in scale and strategic importance. It deepens long-term defence ties between our nations, brings a proven class of advanced vessels into regional service, and reinforces EDGE’s position as a trusted international partner. It also reflects the pace of industrial and engineering progress we’ve achieved in just a few years, and our ability to design, build, and deliver complex naval platforms at scale. As we enter a new phase of export-led growth, this programme marks a clear signal of global confidence in what EDGE can deliver.”

The FALAJ 3-class missile boat has also been selected by the UAE Navy, with the first vessel, ALTAF, formally commissioned into service in February 2025. This operational deployment reflects the vessel’s proven capability and performance in regional waters. With the latest agreement, these advanced 62-metre vessels are tailored to meet Kuwait’s operational requirements, offering high performance, advanced combat systems, and enhanced capabilities for littoral defence operations.

This latest contract reinforces EDGE’s position as a trusted partner for customers seeking turnkey defence solutions and integrated long-term support, while driving the UAE’s strategic objectives for defence exports and industrial collaboration.

(WAM)-


AMEA Power has signed a Memorandum of Understanding with Kyuden International Corporation, a subsidiary of Japan’s Kyuden Group.

This strategic partnership aims to jointly develop renewable energy and green hydrogen projects that support decarbonisation, energy resilience, and inclusive economic growth across key markets.

Hussain Al Nowais, Chairman of AMEA Power, said, “This partnership with Kyuden International marks an important step in AMEA Power’s journey to lead the energy transition in the regions we are present. Together, we are committed to delivering transformative clean energy and green hydrogen solutions that create long-term social and economic value for local communities.”

The MoU establishes a framework for cooperation between the two companies to drive large-scale clean energy projects, combining AMEA Power’s proven expertise and track-record, with Kyuden International’s cutting-edge technological capabilities.

AMEA Power currently has over 2,600 MW in operation and under construction, and a project pipeline exceeding 6 GW across more than 20 countries.

Kyuden International brings extensive technical know-how and international experience from the Kyuden Group, further enhancing the deployment of low-carbon energy systems and environmentally sustainable technologies.

(WAM)-


Etihad Airways has signed a strategic codeshare agreement with Taipei-based STARLUX Airlines, expanding customer access to Northeast Asia and strengthening Abu Dhabi's position as a gateway between East and West.

The partnership, announced at the International Air Transport Association Annual General Meeting in New Delhi, enables Etihad customers to connect seamlessly to key Japanese cities including Nagoya, Sapporo, and Fukuoka via Taipei, whilst offering STARLUX passengers direct access to Etihad's European network through Abu Dhabi.

Etihad will launch daily flights between Abu Dhabi and Taipei on 7th September 2025, operated by Boeing 787 Dreamliner aircraft. The new route creates the foundation for the codeshare partnership, positioning Taipei as a gateway for Etihad's expansion into Northeast Asia.

Arik De, Chief Revenue and Commercial Officer at Etihad Airways, said, “This partnership with STARLUX Airlines opens new market opportunities in Northeast Asia, giving our customers access to Japan's key business and leisure destinations through Taipei.”

Simon Liu, Chief Strategy Officer of STARLUX Airlines, said, “Our partnership with Etihad Airways marks a significant milestone in STARLUX Airlines' global expansion, laying the foundation for future European routes.”

The codeshare agreement builds on Etihad's strategic network expansion, which has seen the airline grow to serve over 90 destinations worldwide.

Company: TransOceans Tours
Symbols: EGS79072C012
Reuters: TRTO.CA
Content:
Minutes of the AGM held on 03/06/2025(before Certification) .
AGM Minutes (before Certification) (833 KB)

(WAM)–


The Central Bank of the UAE (CBUAE) has issued 7,000 silver commemorative coins to mark the Dubai Islamic Bank’s (DIB) Golden Jubilee and to honour its achievements in the banking sector since its establishment in 1975.

The issuance includes 2,000 coins of 50 grams and 5,000 coins of 20 grams. The obverse of the coin features the inscription "50 Years of Progress", the mnemonic descriptor of this occasion in Arabic and English, signifying the 1975- 2025 period, along with the name "Dubai Islamic Bank" in both languages.

The reverse side displays the nominal value of "50 dirhams" in Arabic, encircled by the inscription "Central Bank of the UAE” in both Arabic and English.

The issuance of the coin comes as part of DIB celebration of its anniversary and the launch of its journey full of growth, development, and achievements over fifty years, making it a prominent financial institution in the UAE that provides innovative banking services to individuals and companies, in line with the economic and developmental aspirations of the country.

The commemorative coins will be formally handed over to DIB and will not be available for sale to public through CBUAE or DIB.

Saif Humaid Aldhaheri, the CBUAE’s Assistant Governor for Banking Operations and Support Services, said: “The Central Bank issues these commemorative coins that embody DIB’s fifty-year journey of contributions and successes and its effective role in supporting the national economy. This issuance reflects the central bank’s support to document the prominent institutional
achievements that are integral to the financial sector's history, and it highlights the continuous efforts to enhance trust and financial stability in the UAE.”

Dr. Adnan Chilwan, Group Chief Executive Officer of DIB, said: “We are deeply honoured by the Central Bank of the UAE’s gesture in adopting the DIB initiative and issuing commemorative coins to mark our 50-year legacy. More than symbolic tribute, it reflects the enduring partnership between DIB and the nation’s financial ecosystem, and our shared commitment to building a resilient, inclusive, and forward-looking economy. As we celebrate five decades of pioneering Islamic finance, this recognition reinforces our resolve to lead with purpose, inspire innovation, and shape the future of banking in the UAE and beyond.”

(WAM)–


Nasdaq Dubai welcomed Mashreq’s (''Mashreq'' or ''the Bank'') debut listing on the exchange with the admission of a USD 500 million Sukuk issued by Mashreq Al Islami Sukuk Company Ltd.

The Trust Certificates, due in 2030, were issued under Mashreq’s US$ 2.5 billion Trust Certificate Issuance Programme and are being admitted as a secondary listing following strong demand in the primary market.

This marks an important milestone for Mashreq as it expands its access to international capital markets and strengthens its presence in the Islamic finance space. It also reflects Nasdaq Dubai’s continued role in connecting regional issuers with a global investor base through a well-regulated and diversified platform.

Senior officials from Mashreq, including Ahmed Abdelaal, Group Chief Executive Officer; Joel Van Dusen, Group Head of Corporate & Investment Banking; and Salman Hadi, Group Head of Treasury & Global Markets, attended the market opening ceremony at Nasdaq Dubai to celebrate the listing. The bell was rung by Ahmed Abdelaal in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

Abdul Aziz Al Ghurair, Chairman of Mashreq, commented: "This Sukuk listing marks an important step in Mashreq’s commitment to strengthening the global Islamic finance landscape. It is a clear demonstration of Mashreq’s long-term commitment to Islamic finance, the deepening of cross-border capital flows, and the UAE’s continued emergence as a global nexus for ethical and Sharia-compliant financing. Through this programme, we are proud to reinforce investor trust and contribute meaningfully to the maturing of Islamic capital markets.”

Ahmed Abdelaal, Group Chief Executive Officer, Mashreq, said: “Our debut listing on Nasdaq Dubai marks a new chapter in Mashreq’s capital markets journey. This Sukuk issuance not only attracted strong investor interest, but also affirms our disciplined approach to funding, even in a complex macro environment. As we continue to diversify our capital structure through Sharia-compliant channels, we remain committed to delivering strong fundamentals, market transparency, and sustainable value for all stakeholders.”

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “This listing reflects Mashreq’s growing ambitions in the Islamic finance sector and underscores our role as a leading marketplace that connects regional issuers with global investors. As Dubai continues to strengthen its capital markets infrastructure, we remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem.”

This landmark Sukuk issuance marked Mashreq’s successful return to the international debt capital markets. It was also the first public issuance from the CEEMEA region since the announcement of U.S. tariffs in April 2025, which had triggered heightened volatility across global markets. The success of this transaction renewed market participants’ confidence, and was followed by a string of issuances, thereby helping to reopen the market for regional issuers.

The transaction attracted significant investor interest, resulting in an orderbook of US$ 2.9 billion, nearly six times oversubscribed. The final pricing was tightened to UST +105 basis points with a fixed profit rate of 5.03% per annum, reflecting the strength and quality of the orderbook and strong investor confidence in Mashreq’s credit fundamentals. With broad participation from over 90 global investors across the Middle East, Europe and Asia, the issuance reaffirms Mashreq’s leadership in Islamic finance and reinforces Dubai’s growing stature as a global hub for Sharia-compliant capital markets.

With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached US$ 97.2 billion, further strengthening the exchange’s position as one of the world’s largest centres for Islamic fixed income.

The overall value of debt securities listed on Nasdaq Dubai now stands at over US$ 140 billion, across 163 issuances. These figures reflect the depth and maturity of the UAE’s capital markets, as well as the growing appeal of Dubai as a gateway for regional and international investment.

(WAM)–


The Department of Energy – Abu Dhabi (DoE) has successfully completed the Gas Systems Remediation project in buildings with a 100% completion rate. Over 200,000 safe working hours were recorded during the implementation of the program, which began in August 2023, as part of ongoing efforts to ensure the safety of gas systems across the Emirate.

Dr. Saif Saeed Al Qubaisi, Acting Director General of Regulatory Affairs at the Abu Dhabi Department of Energy, emphasised that ensuring the safety of Abu Dhabi’s residents, properties, and economy is a top priority for the Department. Al Qubaisi stated: “Safety is a collective effort and a shared responsibility among all stakeholders in this sector. Building owners play a vital role in maintaining the safety and security of the community. We began our inspection and remediation project in August 2023 and have successfully inspected over 3,100 buildings across the Emirate.

Al Qubaisi added: “I would like to express my gratitude to the building owners in Abu Dhabi for their significant efforts and cooperation, which enabled us to focus our efforts on achieving a safer, more stable, and more sustainable energy sector for the Emirate.”

The Abu Dhabi Department of Energy revealed the results of the Gas Systems Remediation Project, announcing the successful completion of work on over 2,400 buildings, including more than 200 buildings classified as high-risk, which were addressed urgently. Additionally, 550 previously undetected gas leaks were identified and repaired, and all gas filling lines were relocated outside the buildings, achieving a 100% completion rate. The project also included the replacement of more than 450 gas tanks and control panels, as well as the installation of over 10,000 gas leak detectors inside kitchens.

Eng Ahmed Alsheebani, Executive Director of the Petroleum Products Regulatory Affairs Sector at DoE, stated: “Abu Dhabi continues to lead in ensuring the safe use of gas systems, recognizing gas as a vital resource that impacts various aspects of daily life and plays a key role—alongside clean and renewable energy sources—in supporting the stability of the energy sector. I urge all Abu Dhabi residents to remain vigilant when dealing with gas; through collective efforts, we will continue to build a safer and more sustainable community.”

Alsheebani extended his appreciation to the Abu Dhabi Department of Economic Development (DED), the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the Department of Municipalities and Transport (DMT), Abu Dhabi Police, the Abu Dhabi Civil Defense Authority (ADCDA), and the Abu Dhabi Emergency, Crisis and Disaster Management Center, all of whom contributed effectively to the implementation of this campaign.

According to the Executive Regulations for Gas Works in Buildings, property owners are required to sign an annual maintenance contract with a gas operator permitted by the Department of Energy – Abu Dhabi. They must also undergo regular inspections and maintenance conducted by independent, DoE-approved third-party inspection company.

In addition, property owners must obtain a No Objection Certificate (NOC) from the Department of Energy – Abu Dhabi confirming the safety and operability of their gas systems. This certificate has become a key requirement for obtaining the conformity with preventive safety requirements Certificate (ISTIFAA) from the Abu Dhabi Civil Defense Authority.

Company: Reacap Financial Investments
Symbols: EGS69191C012
Reuters: REAC.CA
Content:
The company invites its stakeholder to attend the EGM on 30/06/2025 - 02:30 PM.

The EGM Invitation (975 KB)

Youm7-


The Egyptian Exchange ended trading on Wednesday, the last session before the Eid al-Adha holiday, with a collective rise in indices for the second consecutive session, driven by buying by foreign traders, while Egyptian and Arab investors tended to sell. Trading value reached EGP 3.6 billion, and market capitalization gained EGP 17 billion, closing at EGP 2.309 trillion.

The EGX 30 index rose 1% to close at 32,677 points, the EGX 30 Capped index rose 0.98% to close at 40,772 points, and the EGX 30 Total Return index jumped 1% to close at 14,670 points.

The EGX 70 Equal Weight Index for Small and Medium Enterprises also rose by 0.33% to close at 9,725 points, the EGX 100 Equal Weight Index rose by 0.52% to close at 13,189 points, and the Sharia Index jumped by 0.19% to close at 3,385 points.

Company: Rubex International for Plastic and Acrylic Manufacturing
Symbols: EGS3A221C018
Reuters: RUBX.CA
Content:
The company called on its Board of Directors to convene on 04/06/2025.

Release from the Company (406 KB)

(BNA)-


Bahrain All Share Index has closed at 1,923.07 points, marking an increase of 1.96 points above the previous closing.



This increase was due to the rise in the financial sector and the real estate sector.



Bahrain Islamic Index closed at 806.68 points, marking an increase of 1.13 points above the previous closing.



Results indicated that 83 equity transactions took place with a volume of 1,560,647 worth BD 392,179.



Investors traded mainly in the financial sector, representing 61.42% of the total value of securities traded.

(ONA)–


Faisal Abdullah Al Rowas, Chairman of the Board of Directors of Oman Chamber of Commerce and Industry (OCCI), today received Abdulla Adel Fakhro, Minister of Industry and Commerce of the Kingdom of Bahrain.

The two sides discussed ways to enhance trade and investment cooperation between Oman and Bahrain, expanding opportunities for private sector partnerships in both countries through joint ventures and knowledge exchange, contributing to bilateral relations and economic integration.

The meeting also reviewed opportunities in key economic sectors of mutual interest and explored mechanisms to activate the private sector’s role in establishing joint projects that support economic development in both nations.

Al Rowas emphasized the significant progress in economic relations between Oman and Bahrain, expressing hope that this meeting would lead to further initiatives boosting trade and investment cooperation while opening new avenues for business owners in promising economic sectors.

He highlighted the private sector’s pivotal role in driving future cooperation through strategic partnerships and high-quality projects that align with both countries’ development visions—"Oman Vision 2040" and "Bahrain 2030"—while praising the efforts of the Oman-Bahrain Investment Company and the Oman-Bahrain Friendship Society in strengthening bilateral ties.

The meeting was attended by several OCCI board members, executive officials, and representatives from both sides.

(ONA)-


Oman Environmental Services Holding Company "be'ah" and OQ Trading have signed a cooperation agreement to develop a national project focused on producing biogas (biomethane) and bio-carbon dioxide through processing organic waste at landfills and future biofacilities managed by be'ah.

This collaboration aims to transform environmental challenges into promising economic opportunities by utilizing approximately 20 million cubic meters of biogas extracted from these sites – comprising roughly 40% biomethane (renewable fuel) and 60% bio-CO₂ for sustainable industrial applications.

The agreement establishes a roadmap for technical-economic feasibility studies, infrastructure assessment, and commercial marketing opportunities for project outputs, creating promising local investment opportunities aligned with Oman Vision 2040 goals.

Both companies emphasized that this partnership represents an integrated model of national collaboration between energy and environmental sectors, combining be'ah's waste/resource management expertise with OQ Trading's global energy capabilities to reinforce Oman's position as a regional clean energy hub.

Engineer Tariq Ali Al Amri, CEO of be'ah, stated that the project marks a new milestone in energy recovery from organic waste through sustainable methods, converting environmental challenges into developmental and economic opportunities. He noted biogas and bio-CO₂ production will reduce emissions, support Oman's net-zero goals, enhance waste management efficiency, and provide alternative energy sources.

Said Talib Al Maawali, OQ Trading's Middle East Executive Director, described the project as an attractive opportunity to diversify Oman's energy mix in line with 2050 carbon neutrality targets and global trends toward sustainable, low-carbon energy solutions. He considered this initiative a strategic nucleus that will stimulate further waste-to-energy investments and enhance clean energy value chains.

(ONA)-


Al Buraimi Governorate and Mwasalat Company today signed a cooperation agreement to develop an integrated bus public transport hub in the Al Uqda Al Shamaliyah area of Al Buraimi Governorate. The project includes the development of a modern, integrated transport station spanning 56,000 square meters.

The station will feature an eco-friendly design, offering intercity and intracity passenger transport services, along with advanced facilities such as a smart taxi station, a micro-mobility station, air-conditioned waiting halls, dedicated bus bays, transport operator offices, retail outlets, logistics facilities, and parking spaces for both cars and buses.

The agreement was signed under the auspices of Eng. Khamis Mohammed Al Shamakhi, Undersecretary of the Ministry of Transport, Communications, and Information Technology for Transport.

Dr. Hamad Ahmed Al Busaidi, Governor of Al Buraimi, signed the agreement on behalf of the governorate, while Eng. Badr Mohammed Al Nadabi, CEO of Mwasalat, signed on behalf of the company.

The agreement aims to enhance public transport infrastructure in the governorate and improve road transport services in line with Oman Vision 2040. It stipulates that Mwasalat will serve as the technical arm of the project, responsible for developing design standards, overseeing implementation, and operating and managing public transport facilities upon completion. Meanwhile, the governorate will allocate the necessary budget for infrastructure and facilitate administrative and regulatory procedures, including land-use adjustments and designating the station as the exclusive hub for mass transit services in the governorate.

The Governor of Al Buraimi stated that the establishment of an integrated bus transport hub in the governorate will serve a large segment of public transport users and boost economic indicators. He noted that there are approximately 12 daily bus trips on the Muscat-Al Buraimi route, in addition to the route between Muscat and Abu Dhabi in the UAE, which passes through Al Buraimi Governorate.

For his part, Eng. Badr Mohammed Al Nadabi, CEO of Mwasalat, explained that the agreement includes investment aspects, with a tender to be issued for investment in the station’s development. Implementation is expected to begin within the next three months, with completion targeted within three years.