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 two will collaborate in green, sustainable technologies.

    Both the parties will work together to achieve sustainability objectives within the free zones in Qatar through energy transition.

    QFZ, Samsung C&T will also explore co-investment opportunities in green infrastructure within the free zones.

  • Riyadh, Saudi Arabia -- The Public Investment Fund will soon announce complementary projects for the automobile industry, mainly batteries, said...

    PIF is currently focusing on attracting industries related to the automobile system, such as tires, glass, and plastics to Saudi Arabia.

    The PIF has established three factories, Ceer, Lucid and Hyundai, finalizing the first phase of its mega project related to attracting the car manufacturing industry.

  • Turnover increased nearly seven percent to 8.7 billion euros.

    The group reported profit in the third quarter of 931 million euros, double the same period last year, as the group benefited from robust demand for air travel

    Between July and September this year the group transported 26.9 million people - an increase of 7.6 percent compared to the same period the previous year

  • Net income of US chip giant tallied $300 million.

    Intel reported revenue of $14.2 billion, which was 8 percent less than the amount seen in the same quarter a year earlier but ahead of forecasts

    Net income of US chip giant tallied $300 million, compared with $1 billion profit in the same period in 2022, earnings figures showed

  • Apple has been steadily ramping up fitness and health features with each generation of Apple Watch, which market trackers say...

    US International Trade Commission issued a "limited exclusion order" set to go into effect in 60 days if not nixed by President Joe Biden, according to California-based Masimo

    The order stemmed from a complaint made to the commission in mid-2021 accusing Apple Watch of infringing on its patented technology for "light-based oximetry functionality

  • Jerusalem - Hamas's armed wing said on Thursday that "almost 50" Israeli hostages held in the Gaza Strip since the...

    Earlier, the Israeli army said 224 people were abducted by militants during the attack that left 1,400 people, mostly civilians, dead.

    "We have informed the families of 224 hostages. This number is changing based on the intelligence we obtain," military spokesman Daniel Hagari said

  • Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined...

    The messenger RNA method made its debut with the Pfizer-BioNTech coronavirus vaccine, which was the first jab against Covid to be approved in the West in late 2020

    Pfizer and BioNTech first announced in November 2022 that they were planning to use the same technology to develop a combined Covid and flu vaccine

  • RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology,...

    The MoUs related to the biotechnology and pharmaceutical sectors aim to explore, develop, manufacture and market a range of potential new medicines.

    The MoU of the financial services sector aims to provide an opportunity for investors to invest directly in key projects in line with the Saudi Vision 2030.

  • The French energy firm earned a net profit of $6.7 billion.

    Oil and gas prices surged last year following Russia's invasion of Ukraine, leading to windfall profits at energy firms.

    While oil prices are still high in historical terms, the main crude oil contract was down 14 percent last quarter compared to the same period last year.

  • The JV will set up a facility to make tires in Saudi Arabia.

    PIF will hold a 75 percent stake in the new JV with Pirelli holding the remaining 25 percent.

    The JV will manufacture high-quality tires for passenger vehicles, under the Pirelli brand, in the Kingdom.