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 tech giant said it made a profit of $23 billion.

    The tech giant said it made a profit of $23 billion on revenue of $89.5 billion, which was down slightly from the same period last year

    Apple chief executive Tim Cook said iPhone sales set a new record for its September quarter while money taken in from services hit an all-time high

  • As the Gaza conflict intensifies, GCC equity markets face significant downturns, with Qatar leading the losses, while Saudi Tadawul secures...

    As the Gaza conflict intensifies, GCC equity markets face significant downturns, with Qatar leading the losses, while Saudi Tadawul secures year-to-date gains, says a report.

    Qatar Stock Exchange plans to shorten settlement cycles to reduce risk as Kuwaiti benchmarks and Abu Dhabi's FTSE ADX index falter, while Dubai market's positive run halts.

  • The MoU will enable UAE-based firm to enter Angolan market.

    Ducab Group already supplies its “Made in the UAE” products to 15 countries in Africa.

    It is constructing over 400 kilometers of 220kV transmission lines in Angola.

  • 38 million passengers travelled with the group's airlines in the third quarter.

    The group said sales rose by eight percent to 10.3 billion euros, delivering "the strongest quarter in its history in revenue terms".

    The surge in profit is driven by "strong demand, higher capacity" and more expensive ticket prices, the aviation firm said.

  • The net profit increased by a substantial 29 percent during this period.

    Alpha Dhabi's revenue also increase by 22 percent during this period, reaching AED 32.4 billion, compared to AED 26.6 billion in the previous year period.

    Alpha Dhabi's total assets reached AED 133.6 billion, with a cash position of AED 19.1 billion as of September 30, 2023.

  • The agreement is aimed at producing biofuel in Maldives.

    The deal was inked during the second day of the Dubai Business Forum, an influential global gathering of businesses and investors.

    The objective of the MoU is to reduce the impact of CO2 by replacing normal diesel with biodiesel.

  • The first proposed interim dividend is of $81 million.

    All matters relating to future dividend distribution will be subject to the Board of Director's recommendation and shareholder's approval.

    The approved US$81 million cash distribution aligns with the group's previously announced dividend policy.

  • The aim is to advance digitalization in Saudi Arabia.

    The two firms will jointly develop and deploy cutting-edge solutions that will transform and empower organizations across various industries.

    The collaboration between the organizations aims to enable stc’s subsidiaries to explore new markets, develop disruptive business models.

  • The company announces a buyback of shares worth $3.5bn.

    "Shell delivered another quarter of strong operational and financial performance," chief executive Wael Sawan said

    Over the first nine months of 2023 Shell's profit was down sharply, reflecting lower oil prices year-on-year

  • Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the...

    The initiative leverages the investment product knowledge of ADX, and HSBC’s investment banking, capital markets and blockchain capabilities.

    Digital bonds are financial instruments that are created and managed using blockchain and smart contract technology to create efficiencies in capital markets