INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Nawy raises $5m in funding

  • Nawy is focused on capitalizing on digital technologies and expanding the business to create an informed and transparent decision-making process for its customers
  • “We were one of the initial investors in Nawy because we saw the company's potential,” said Onsi Naguib Sawiris, who leads the family office

Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office.

Nawy is focused on capitalizing on digital technologies and expanding the business to create an informed and transparent decision-making process for its customers.

“We were one of the initial investors in Nawy because we saw the company’s potential,” said Onsi Naguib Sawiris, who leads the family office.

Nawy was founded in 2016 by Mohamed Abou Ghanima, Abdel-Azim Osama, Ahmed Rafea, Aly Rafea, and Mostafa El Beltagy, providing a large database of properties for its users.