Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

MoHAP inks deal with Coursera to upgrade skills of employees

The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as...

US mulls crackdown on Chinese imports of Iranian oil

The United States is planning a crackdown on Iranian oil sales to China in violation of its sanctions

Tunisia pays $506m in foreign debt, as economy falters

The country has seen its economy contract by more than 8 percent last year, and its pile of debt has...

Iran’s new oil terminal to bypass Gulf chokepoint

Tehran inaugurated Thursday the terminal in Jask, on the Gulf of Oman, allowing tankers to avoid the Strait of Hormuz...

Three die, 1,521 test Covid positive in UAE

Despite being proactive on vaccination and testing, the UAE's death count from Covid-19-related complications go up to 1,913 and the...

Lebanon may not be able to handle next Covid-19 wave

A top hospital manager has said Lebanon’s medical facilities are unprepared for the next wave of Covid-19 cases

Oman eases Eid lockdown, some curbs to remain to halt Covid

The night-time closure of businesses and curbs on movement of people and vehicles will remain in place

Emirates launches new passenger service to Miami

Emirates flight EK213 was welcomed by Miami International Airport with a water cannon salute, and drew in an audience of...

Saudi officials seize a big load of drugs at border with Jordan

A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The...

Biden, Kadhemi meeting to focus on US troop withdrawal from Iraq

The White House talks between the two allies come just a week after a deadly attack claimed by the Islamic...

Turkey rejects UN Security Council criticism over Cyprus

Western powers including the United States and France expressed outrage and the UN Security Council issued a condemnation that Ankara...

Iran, Syria pledge to strengthen ties, develop economic relations

During late-night talks Thursday, Raisi and his Syrian counterpart Bashar al-Assad discussed "ways to develop and strengthen bilateral relations" and...

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Arab Monetary Fund forecasts 4.4% GDP growth for Qatar in 2022

The fund said in a report released today that it expect inflation in Qatar will record about 4.3 percent during...

QFB completes rights issue

It issued 420,000,000 shares in order to raise capital of $307m.

Qatar’s oil and gas revenues rise 67% in H1 of 2022

Data released from the Ministry of Finance showed that oil and gas revenues increased to $32 billion, compared to $19...

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SRC, Riyad Bank sign $133m deal

This is the second largest mortgage refinancing deal in the kingdom.
  • Tareq Al-Sadhan, CEO of Riyad Bank, said the long-term partnership with SRC will provide housing finance solutions that fulfill the needs and requirements of Saudi families.
  • Saudi Vision 2030 aims to raise the percentage of residential ownership of Saudi families from 47 percent to more than 60 percent within four years. 

Listed insurance firms’ in UAE net profits at $222m in H1 2022

The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64...
  • The total premiums of insurance firms listed in local financial markets in H1 2022 increased by 7.64 percent year-on-year to $302 million
  • The total net profits of insurance companies listed in local financial markets in H1 2022 totaled $222 million

Weeklong real estate transactions in Dubai amount to $2.8bn

The real estate and properties transactions valued at $2.8 billion (AED10.3 billion) in total during the week ending 19 August...
  • A total of 344 plots were sold for $694 million, 2,239 apartments and villas were sold for $1.07 billion
  • The top two transactions were a land in Al Wasl sold for $108 million, followed by a land sold for $55 million in Hadaeq Sheikh Mohammed Bin Rashid