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

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

  • The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of...

    UAE economy is expected to grow by 2.2 percent in 2021 and by 4.9 percent in 2022, supported by tourism, oil prices recovery and Expo 2020 activities.

    Saudi Arabia's real GDP growth fell 4.1 in 2020 and is expected to increase to 1.9 percent this year and 4.8 percent in 2022.

  • The funds will be used to develop and rollout Open Finance platform.

    The seed round was led by Jordan’s Ahli Fintech and joined by Raz Holding Group, OMQ Investments.

    The Open Finance platform aims to redesign financial services with an open API infrastructure.

  • Mobily will recycle old and discarded Ericsson devices.

    Mobily is now expected to join the Ericsson Product Take-Back Program to recycle discarded electronic devices

    The program is responsible for the disposal and recycling of electrical equipment at the end-of-life stage

  • Dubai Investments and Marjan have tied up for the project.

    The project’s design is reportedly set to offer a private enclave with waterfront views

    It is targeted at social gatherings, family unions, business meetings, or personal relaxation

  • Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum...

    Fintech, healthcare, agriculture, e-commerce were identified in the report as high-potential sectors

    Around 90 percent of surveyed executives said they expect fintech to see the most growth in 2022

  • The two countries discussed ways of enhancing educational, academic, and research cooperation.

    Saudi Arabia and the UK talked about sharing the best practices and expertise in education

    The meeting also addressed their efforts in fields of cooperation in public education, developing curricula, and the courses system for secondary education

  • More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to...

    Start-ups that successfully secured significant investments include buy-now-pay-later start-up tabby

    Sunglasses e-commerce company Eyewa, has secured AED 77 million in total funding

  • Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property,...

    Property owners can list their property on Mazad Aqari and the platform will do the rest in terms of evaluating the property, marketing, sales, and closing the deal

    Saudi Arabia's real estate sector, according to Statista, is expected to reach US$150 billion by 2026 at a CAGR of 12 percent

  • DP World said the agreement with Al Masraf strengthens its commitment to facilitate business activities of more than 8700 clients...

    SMEs and other licensed entities within the free zone will get assistance in account opening and financial documentation.

    More than 53 percent of UAE's non-oil GDP is contributed by SMEs, according to Ahmad Al Haddad, COO of Parks and Zones of DP World UAE.

  • On the inaugural day of GITEX Technology Week 2021, Dubai Customs launched I-Box smart lockers for storing commercial items or...

    Passengers can store goods in lockers at airport customs center without paying duty and collect them through self-clearance service on departure.

    The I-Box smart lockers project has cut down the process time for delivery from 30 minutes to 1 minute.