Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

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.

  • PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind...

    The JV will include wind and solar assets that Adani Green Energy Limited already operates and is building and developing in India.

    TotalEnergies has been developing renewable electricity production, with 19 GW of installed gross production capacity as of July 2023.

  • DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...

    The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.

    It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.

  • Qantas said some of the former airline chief's pay could be subject to clawback "should the board determine that necessary"....

    In its annual report, the Australian airline Qantas said Joyce's "total pay outcome" for the financial year to June 30, 2023, was Aus$21.4 million

    Qantas said it had withheld the balance of the last financial year's short-term bonuses from its senior executives "while this matter progresses."

  • Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles...

    Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles and seize expansion prospects

    Qatar's sovereign fund's notable investments include stakes in Volkswagen, SoftBank, RWE, and Paris Saint-Germain as it focuses on venture capital, fintech and sports sectors

  • Google has for years discreetly developed AI powers but was caught off guard when OpenAI late last year released ChatGPT...

    The company said its beefed up chatbot can help users summarize a confusing string of emails into its main points or tap into Google Maps to best locate a holiday destination.

    These so-called Bard Extensions would also be available to retrieve key points from content across Google Docs and Google Drive, including PDFs.

  • Brent North Sea crude oil traded above $95 per barrel Tuesday for the first time since November last year, supported...

    The Federal Reserve is seen keeping interest rates on hold Wednesday but is expected to be cautious over the outlook as crude pushes higher.

    In Asian trading, Hong Kong managed a gain while Shanghai was flat. In Europe, London and Paris were in the green while Frankfurt was lower.

  • Spain's Securities Market Regulatory Authority cleared the deal.

    Morgan Stanley, which advises on the deal from the buyer's side, accumulated a little less than 3 percent of Telefonica’s capital during an unspecified period of time.

    Media reports said that stc announced recently it acquired a 9.9 percent stake in Telefonica for SAR 8.5 billion (2.1 billion euros).

  • Riyadh, Saudi Arabia -- Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) and Korea Customs Service have signed a memorandum...

    The move will accelerate the clearance of goods at customs points, enhance trade, and support their economies, SPA reported.

    ZATCA also showcased the “Clearance within Two Hours” initiative, which aims to unify the efforts of customs clearance authorities.

  • The tech tycoon has made multiple changes since taking over the site for $44 billion in October last year, when...

    During a talk with Musk on Monday, Israeli PM raised the question of online anti-Semitism, and how X could prevent the use of bots

    Musk replied that the company was moving to having a small monthly payment for use of the X system and it's the only way to combat vast armies of bots

  • Clearance of goods transactions increased by 35.8%.

    AD Customs reported a 20 percent growth in customs clearance request in free zones areas.

    It also recorded a growth of 6 percent in customs declaration during the first six months of 2023.