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

  • The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.

    Water scarcity is 500 cubic meters per capita, while Saudi Arabia's annual per capita share of water does not exceed 89.5 cubic meters.

    The Saline Water Conversion Corporation has signed agreements with several major corporations to tackle water scarcity.

  • Riyadh, Saudi Arabia — The Public Investment Fund (PIF) has formally announced the signing of a share subscription agreement to...

    PIF secures a 25 percent shareholding in the oil and gas production optimization solutions provider, with Alkhorayef Group retaining the majority stake of 75 percent.

    Alkhorayef Petroleum specializes in artificial lift, wireline services and equipment, as well as early production facilities.

  • The bank marked the issuance of its $500 million green sukuk.

    London Stock Exchange has welcome ADIB’s listing, as the world’s first dollar denominated green sukuk.

    This follows the bank’s recent successful listing of US$750 million AT1 perpetual sukuk.

  • This is the toll operator's highest Q3 revenue since 2007.

    The 14.6 percent year-on-year revenue growth was supported by a strong growth in tourism and residency.

    Salik reported a net profit of AED255 million during the third quarter of 2023, up 5.3 percent against the prior year.

  • The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to...

    In the UAE, environmentally friendly, competitively priced, stylish, and high-quality products are increasingly being offered by brands

    They use organic cotton and other environmentally friendly materials like bamboo, hemp, and recycled polyester

  • This will help HR teams improve business operations.

    Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.

    Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.

  • The pact is aimed at integrating smart weapons into MQ-9B.

    The partnership marks the first time that UAE-made smart weapons will be integrated into a US unmanned platform.

    The EDGE smart weapons designated for integration include the DESERT STING family of GGWs and THUNDER family of cost-effective PGMs from HALCON.

  • SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...

    This reflects a substantial increase compared to September's real estate activity, where the trade volume reached $544 million.

    The report underscored the confidence of clients in the emirate's real estate sector and its capacity to attract investors.

  • Dubai, UAE -- Dubai Taxi Company Monday announced its intention to proceed with an Initial Public Offering (IPO) and to...

    The offering, representing 24.99 percent of Dubai Taxi Company's total issued share capital.

    The share capital of the company, as at the date of the listing, has been set at AED100 million divided into 2.5 billion shares paid-in-full,

  • The company also reported an EBITDA of $635 million.

    The company also reported an EBITDA of $635 million (AED2,332 million), marking a substantial 124% year-on-year increase

    The third quarter of 2023 specifically contributed to the positive financial performance, with a 30% year-on-year increase in revenue