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
  • Dubai, UAE -- Emirates has unveiled a plans to build a $950 million cutting-edge engineering facility at Dubai World Central...

    Spanning 1 million square meters, the engineering complex is set to become the most extensive and advanced facility of its kind operated by any airline globally.

    Tailored to meet the evolving needs of Emirates' aircraft fleet through the 2040s, the facility is expected to provide support for the airline's operations.

  • Davos, Switzerland -- Denmark, the Netherlands, and Germany have emerged as the leading countries for remote working, offering the best...

    The Global Remote Work Index, which evaluates 108 countries, is a crucial tool for remote workers seeking the best destinations for their work.

    A WEF report, which surveyed over 800 companies employing more than 11 million workers, highlights remote working as a significant trend.

  • The agreements signed with SPPC are valued at $3.9 billion.

    The agreement, signed on November 13, pertains to the development, financing, construction, ownership, and operation of two expansive combined cycle gas turbines power plants.

    Named Taiba 1 and Qassim 1, these mega-projects are strategically situated in Madinah and Qassim, with a production capacity of 1,800 megawatts (MW) each.

  • Dating from 1962, the legendary Scuderia sports car -- chassis 3765, four-liter engine developing 390 horsepower -- had finished second...

    The bright red roadster had been the property of an American collector for the past 38 years

    The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room

  • Dubai, UAE--ENOC Group will reach more than one billion gallons of jet fuel sales at the end of this year...

    The company in line with its long-term strategy intends to supply Sustainable Aviation Fuel (SAF) to Dubai Airports in 2024

    The company plans to enhance sales volume globally, apart from seeking potential acquisitions, partnerships, and greenfield projects

  • Dubai, UAE - The much-anticipated Hindi-language action film Tiger 3, starring Salman Khan and Katrina Kaif, has reportedly been banned...

    According to reports in Indian publications, concerns have been raised over the portrayal of Muslims in the film

    Critics argue that the film perpetuates Islamophobic tropes, a sentiment that might have influenced the decision to ban it in these Gulf countries

  • The sector's growth, driven by the transition to digital transactions and tech innovations, positions UAE as a leader in the...

    The sector's growth, driven by the transition to digital transactions and tech innovations, positions UAE as a leader in the evolving global payments landscape, says a report.

    Moreover, the Gulf country's economic expansion and changing consumer preferences towards digital payments are also leading to continuous growth of the payment industry.

  • Istanbul, Turkey - Turkish Airlines, the country's flag carrier, confirmed on Monday that it was in talks with Airbus to buy...

    The airline said that negotiations are held with Airbus regarding the purchase of a total of 355 aircraft.

    In September, Turkish Airlines revealed plans to purchase 10 additional Airbus A350-900 aircraft

  • It will acquire 84 percent stake for US$12.3 million.

    The purchase amount would be disbursed partially and within specified intervals, as per the terms stipulated in the SPA.

    Chemanol said the acquisition is aimed at enhancing its share in the market and diversifying its product range,

  • Emirates, the Middle East's biggest airline, made the largest purchase with its $52 billion order for 55 Boeing 777-9s, 35...

    Budget carrier flydubai, owned by the Dubai government, ordered 30 Boeing 787-9s valued at $63 billion -- its first wide-bodied, or large-capacity planes as it plans to expand.

    Last week Emirates Group announced record half-year net profits of $2.7 billion, up 138 percent from a year earlier, driven by strong demand.