Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

‘Israeli army tortures and rapes Palestinian girls’

The experts have expressed concern that an unknown number of Palestinian women and children, including girls, have reportedly gone missing...

Ocean-based climate solutions important, says UAE Minister

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that leveraging nature-based solutions, especially blue carbon...
  • The UAE minister says leveraging nature-based solutions to mitigate and adapt to the impacts of climate change is vital
  • She says important to explore ways to tackle marine pollution from land- and sea-based sources

Qatar trade balance surplus surged 120 percent in May

The year-on-year increase in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons reaching...
  • The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 45.3 billion.
  • The imports of goods in May 2022 amounted to around QR 8.8 billion, showing an increase of 5.5 percent compared to May 2021.

Etihad Air expected to fly 2.7m passengers over summer months: CEO

Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following...
  • Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners.
  • Guests would check in online, use the Verified to Fly service to submit any Covid-related documents for approval.

UAE presents national report on spent nuclear fuel to IAEA

The United Arab Emirates has presented its Fourth National Report on spent nuclear fuel, radioactive waste management at the International...
  • The national report describes the legislative and regulatory measures taken by the UAE to meet its obligations
  • The report also addresses options in regards to spent fuel and radioactive waste management

Schneider, ADH sign MoU

They will collaborate on a number of projects within Egypt and beyond.
  • Utilizing and building EcoStruxure platforms will be the cornerstone of these collaborations, said a Schneider executive.
  • He said these platforms are designed to enable the use of innovations like the Internet of Things.

SAFEEN acquires two Supramax vessels

The firm says there is high demand for maritime services.
  • Since being acquired, these ships have been deployed as part of a collaboration between SAFEEN Feeders and Saif Powertec Limited.
  • SAFEEN Feeders provides feeder and dry bulk services linking Abu Dhabi to ports serving the UAE, the broader Gulf region, and the Indian Sub-Continent.

Oman, Egypt to find ways to establish Joint Investment Fund

In a joint statement, the two countries directed their respective competent authorities to discuss investment opportunities in various fields.
  • In a joint statement, the two countries directed their respective competent authorities to discuss investment opportunities in various fields
  • They also discussed investment opportunities in various fields, especially energy and renewable energy projects, industry, health and pharmaceutical industries

Stan Chart unveils API in KSA

The British company aims to ensure data security.
  • Thanks to the new interface, clients and partners will be able to share and integrate data securely
  • The kingdom, in line with Saudi Vision 2030, aims to become a regional digital hub

UAE lends helping hand to Africa through credit lines

A line of credit of US$20 million will be opened between ADEX and ECOWAS to boost cooperation and raise the...
  • A line of credit of US$20 million will be opened between the two entities enhancing cooperation and increasing the volume of trade
  • The agreement was signed virtually by Khalil Al Mansoori, Acting Director-General of ADEX, and Dr. George Agyekum Donkor of EBID

‘Resilience more vital than efficiency for GCC startups’

The ongoing Covid-19 pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi.
  • The ongoing pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi
  • The entrepreneurship ecosystem in UAE has not yet reached full maturity but 'we are about 60-70% there', he adds

‘Israeli army tortures and rapes Palestinian girls’

The experts have expressed concern that an unknown number of Palestinian women and children, including girls, have reportedly gone missing...

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GPSSA clarifies conditions of insured individuals

ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) said that the registration of insured individuals in...

HUB71 startup community raises $1bn in venture capital

The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies.

Masar signs $1.86 bn pact for construction of seven hotels in Makkah

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction Company, owner and developer of Masar Destination, an integrated urban destination in...

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Dubai Customs and South Korea to boost trade ties

Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai...
  • Dubai Customs shared their experience in developing smart customs services and digital systems with the delegation
  • The Korean delegation learned about the Post Clearance Audit System, which targets risky clearance transactions and enhances transparency in trade

TBI denies loan for ‘fake projects’, says recovered 1 trillion, 500 billion dinars

Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans...
  • Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans in the bank is inaccurate
  • The bank stressed there are no loans for fictitious projects, saying the report in the media which doesn't identify its sources directly affects it

Algeria’s Sonatrach starts production in new gas field

The company announced the completion of production of the Tinrhert gas field at the end of November 2022.
  • The company announced the completion of production of the Tinrhert gas field at the end of November 2022
  • Algeria has signed many energy agreements with European countries during the current year