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

  • This is due to the successful launches of new projects.

    Emaar Development’s property sales increased by 25 percent, reaching US$7.9 billion in the first nine months of 2023.

    In the first nine months of 2023 (January to September), Emaar Development reported an EBITDA of US$1.2 billion.

  • The profits nearly doubled on solid demand for cancer treatments.

    Net profit soared almost 90 percent to $1.26 billion in the three months to the end of September compared with a year earlier

    While overall sales grew, revenue from its Covid jab Vaxzevria slumped 98 percent in the first nine months of the year compared with the same part of 2022

  • The emirate’s solar energy capacity has increased by over 100 times in the past decade, and the cost of solar...

    The Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park, demonstrates Dubai's commitment to solar energy.

    The emirate is home to the Dubai Solar Institute, a world-class research center focused on solar energy technologies.

  • The operating income of the group rose to US$234 million.

    Al Ansari received shareholders’ approval for the proposed interim dividend payment of $81 million.

    The second payment of the dividend of an equivalent amount will be disbursed in April 2024.

  • The profit was 138% higher than the $1.2 billion in H1 2022.

    Group revenue was AED67.3 billion ($18.3 billion) for the first six months of 2023-24, up 20 percent from AED56.3 billion ($15.3 billion) last year.

    Overall profit for dnata is AED709 million ($193 million), compared to the same period last year's AED236 million ($64 million).

  • RIYADH, SAUDI ARABIA – The Kingdom of Saudi Arabia’s Industrial Production Index (IPI) fell by 11.2 percent year-on-year (YoY) in...

    The IPI measures the relative change and reflects the production quantities of materials and goods.

    Data issued by the General Authority for Statistics showed that Saudi IPI fell to 122.99 points in September.

  • The final orderbook of the green sukuk closed at $2.6 billion.

    The issuance was met with exceptional demand, attracting interest from over 100 global and regional investors.

    ADIB intends to allocate an amount equal to the net proceeds of this issuance to fund eligible green projects.

  • The company net profit for July-September sank 29 percent

    Sony saw net profit hitting $5.8 billion in the year to March 2024, up from the previous projection of 860 billion yen

    Annual sales were seen at 12.4 trillion yen, compared with a previous estimate of 12.2 trillion yen

  • Profitability dropped 22% due to lower realized prices.

    The decline in profitability was also due to additional discounts on condensate sales in the Kurdistan Region of Iraq (KRI).

    The Company’s revenue for the first nine months of the year decreased 21 percent to AED 1,195 million ($326mm).

  • The bump in subscription came amid its cost-cutting campaign.

    Its clients rose to 112.6 million at the end of September from 105.7 million at the end of June

    Netflix, Disney's rival, last month said subscriber numbers grew nearly 11 percent to 247 million