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 profit growth was driven by 27% revenue increase.

    The rise in revenue resulted from a surge in digital business revenue by 42.70 percent.

    The third-quarter net profit grew 22.2 percent to SAR 334 million, from SAR 273.36 million in Q3 2022.

  • The Group reported a nearly 16% year-on-year rise in revenues.

    The higher revenues were driven the hospital and pharmacy segments, due to the increase in the number of patients and inpatients occupancy.

    In Q3 2023, the net profit climbed 30 percent to SAR 544.8 million from SAR 420.6 million in Q3 2022.

  • Ghosn and his wife must "vacate the property... within a month", according to a copy of the decision seen by...

    Ghosn, who took up residency in the Beirut property after fleeing prosecution Japan in 2019, appealed the ruling on Friday, the Judicial official said

    Phoinos initiated the legal action in 2019 and has accused Ghosn of "trespassing on private property and living in the home without legal basis", the official added

  • TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...

    The Iranian head of Solyanka Port spoke of the measures taken by the Islamic Republic of Iran Shipping Line (IRISL ) to develop the INSTC route.

    The IRISL group purchased 30 rail wagons, 5,400 containers and ordered the construction of 21 equipped vessels for strengthening maritime routes.

  • Abu Dhabi, UAE - Mubadala has issued its first-ever Green Bond for US$750 million with a tenor of 10.5 years,...

    The order books peaked at more than $6 billion with robust demand from local, European, Asian, and American accounts

    The transaction further diversified Mubadala’s debt investors base by bringing in new investors, as a large proportion of demand came from new investors

  • RAS AL KHAIMAH -- Durar, a prominent UAE real estate developer, is set to launch MASA Residences, a luxury residential...

    Christie’s International Real Estate Ras Al Khaimah will exclusively handle sales and marketing for the development

    The project marks Durar's entrance into the UAE's northern Emirates and is poised to elevate Al Marjan Island's landscape

  • New York, United States - Oil prices experienced a 3% surge on Friday, reaching a one-week high, driven by escalating...

    Brent crude futures increased by $2.55, or 2.9%, settling at $90.48 a barrel, while US West Texas Intermediate (WTI) crude saw a rise of $2.33, or 2.8%, closing at $85.54

    The widening gap between Brent and WTI prices, reaching its highest level since March, is making it more enticing for energy firms to export crude from the U.S.

  • Its earnings fell to US$6.5bn, down from $11.2bn last year.

    Its earnings have dropped from record year-ago levels as crude prices eased and higher costs ate up refining and chemical profits

    The company agreed to buy U.S. rival Hess Corp for $53 billion in an all-stock deal that expands its shale and deepwater oil production

  • Abu Dhabi, UAE--Abu Dhabi International Airport has posted a 29.3 percent jump in passenger traffic for the third quarter of...

    The passenger traffic saw a 29.3 percent increase at the international airport between July and September of 2023

    The emirate's connectivity also expanded, with 119 destinations served from Abu Dhabi International Airport by 24 airlines

  • By understanding and increasing recycling, we can offset the environmental effects of using new, virgin materials, Pranshu Singhal, founder of...

    By understanding and increasing recycling, we can offset the environmental effects of using new, virgin materials, Pranshu Singhal, founder of Karo Sambhav, tells TRENDS.

    Regarding battery recycling, Singhal emphasizes the urgent need for recycling, especially given the limited reserves of essential materials like lithium, cobalt, and nickel.