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

  • President Joe Biden may be on the other side of the world but his political fight back home over the...

    The Group of 7 meeting in Japan is an important stage for Biden's goal of restoring US leadership among the world's democracies.

    "It is definitely a subject of interest here at the G7," National Security Advisor Jake Sullivan told reporters.

  • The world must assess the impact of generative artificial intelligence, G7 leaders said, announcing they will launch discussions this year...

    Text generation tools such as ChatGPT, image creators and music composed using AI have sparked delight, alarm and legal battles.

    European Parliament lawmakers this month also took a first step towards EU-wide regulation of ChatGPT and other AI systems.

  • DUBAI, UAE -   The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the...

    The support aims to reduce the financial burden related to electricity bills, as part of an integrated and holistic approach to help low-income families in UAE.

    Beneficiaries can check the monthly support amount by referring to their farms’ consumption bill through Etihad Water & Electricity’s service channels.

  • ABU DHABI, UAE -  A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...

    Over 11,500 decision-makers, energy ministers and CEOs from over 100 countries participated in the World Hydrogen Summit 2023 in Netherlands.

    A senior UAE official provided an overview of the country's energy transition, with a focus on its hydrogen industry.

  • The two airlines announced the start of a codeshare agreement.

    To begin with, Gulf Air will apply its code to many Emirates' destinations in Europe and the Far East, thus ramping up the number of routes for its customers

    The deal will enable its premium customers to access Emirates' lounges in Dubai and also combine ticketing, check-in and baggage transfers, beside benefiting from competitive fares

  • Due to the GCC's strong linkages with the global banking system, concerns have risen that the banks in the region...

    The poll question asked: Are GCC banks under threat from the banking crisis in the United States and Western Europe?

    Due to the GCC's strong linkages with the global banking system, concerns have risen if the banks in the region will face the same struggles

  • Abu Dhabi, UAE - Mubadala Investment Company invested AED 107 billion ($29 billion) in sectors that shape the future, including...

    The company participated in deals in the healthcare sector, investing in Envirotainer, a cold chain solutions provider for the pharmaceutical industry

    In the renewable energy sector, Mubadala invested USD 525 million with India’s BlackRock Real Assets in Tata Power Renewables

  • Abu Dhabi, UAE-- Seeking to deepen the UAE's economic and trade relationship with China, First Abu Dhabi Bank hosted more...

    With investment and trade touching US$330 billion during the last ten years, China has emerged as the Middle East's largest trading partner

    Last year, the bank became the first financial institution from the UAE to open a branch in Shanghai thus pushing trade and investment flows across the region

  • Dubai, UAE-- The UAE is keen to strengthen economic ties with the Central Asian states, which offer many investment opportunities....

    Dr. Thani bin Ahmed Al Zeyoudi said that the UAE was always exploring new markets, and the KazanForum provided a platform to meet with representatives of Central Asian nations

    He held bilateral talks with several government ministers and officials, focusing on the current economic landscape, areas of mutual interest and opportunities for investment

  • Dubai, UAE – UAE Banks Federation (UBF), the representative of UAE banks, revealed on Friday that the rate of digital...

    UAE ranks second globally in terms of customer confidence in banks at 84% in 2022, according to the annual index of the UAE Banks Federation

    UAE leadership in digital banking is underpinned by the adoption of the Digital Transformation Strategy by the Central Bank of the UAE in 2022