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

  • Filipinos living overseas have sent back some $3.8 billion in July with most of the remittances coming from the Middle...

    Central bank figures show personal remittances from overseas Filipinos reaching $3.18 billion in July

    Saudi Arabia was the third-biggest source of these money transfers, while Qatar and the UAE were also in the top 10

  • Huawei, the Chinese tech giant, will invest $15 million across the Middle East during the next three years in order...

    The new investment includes $7.6 million being allocated for partner development, more than $2.5 million to be put behind credits and other cloud resources

    Chinese tech giant looks to groom SMEs to use cloud computing services

  • Gargash Goup, the UAE-based conglomerate, has bought out Deem Finance, the financial services provider, for an undisclosed sum. The conglomerate...

    Firm looks to enhance its offerings in financial services sector

    Deem Finance offers credit cards, personal loans and wholesale deposit products to UAE corporate clients

  • AD Ports Group will set up a state-of-the-art cruise terminal at Marsa Zayed in Aqaba, Jordan, after the signing of...

    It will be the first facility to be developed by AD Ports Group in Jordan and its first cruise facility outside of the United Arab Emirates

    The new terminal will serve as a gateway in the Port of Aqaba

  • Saudi Arabia is aiming to give a boost to local industries and in this regard Aramco and McDermott, the US-based...

    Modular construction is a process where a building is constructed off site before being transported and assembled at a final location

    The two companies will use McDermott’s Saudi Arabia Fabrication in Ras Al-Khair (SAFIRA) facility to conduct the feasibility study

  • DUBAI: Emirates Central Cooling Systems Corporation (Empower) will be using Mitshubishi's air-conditioning and heating systems for its environmentally friendly district...

    A deal between the two allows Empower to increase capacity to 200,000 refrigeration tons.

    Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah.

  • Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and DAMAC Hills 2 are likely to be...

    Up to 50% sales growth is expected in the villa segment during Q4 on a QoQ basis

    The demand for villas is expected to surge in the areas near Expo 2020

  • The company has partnered with Dubai Silicon Oasis Authority for energy optimization and efficiency of the campus.

    RIT Dubai aims to attract students and faculty committed to building a net-zero economy.

    More than 1,000 students can learn from the company's AI solutions.

  • The growth reflects the ease of doing business in the Emirate and the government's measures to simplify procedures for businesses.

    59 percent of the new licences issued in August 2021 were professional.

    At 38 percent, sole establishment companies topped the list, followed by civil companies and limited liability companies.

  • Gold prices reached record levels in 2020 following an increase in investor appetite because of COVID-19. The price of yellow...

    Gold jewelry shopping in Saudi Arabia and Egypt grows 13 percent and 4 percent and decreases 12 percent in the UAE

    China purchased 191.1 metric tons of gold in 2021, followed by India, which bought 102.5 metric tons