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 10-year sukuk was priced with a 4.875% coupon rate.

    The issuance was oversubscribed, drawing investors from the region and beyond who placed orders to the tune of $2.3 billion

    The proceeds from the sukuk will be utilized in accordance with Aldar’s Green Finance Framework, which governs investment in sustainable projects

  • The new appointments meant for upstream and downstream business.

    Nasir K. Al-Naimi, who has been apponted as President of its Upstream business, has held the position of Upstream Executive Vice President since April 1, 2021.

    Mohammed Y. Al Qahtani, President of its Downstream business, has served as Aramco’s Downstream Executive Vice President since September 13, 2020.

  • The oil derived from the famed Damask rose--named after the ancient city of Damascus located just across the mountain range...

    After a morning collecting roses, the Qsarnaba workers drop their fragrant bundles at a warehouse in the village where they are paid based on their harvest

    At the village facility carpeted with pink petals, Zahraa Sayed Ahmed buys the raw materials to produce her rose water, syrup, tea and jam

  • Tehran, Iran-- Continuing with their program to deepen the relationship between the two countries, Iran and Russia have signed a...

    The Iranian minister said that a new roadmap for expanding cooperation between the two countries will be achieved with the signing of the agreement

    The head of the Russian delegation said that his country's goal was to develop the transit capacity and to boost cooperation in order to increase trade

  • The move aims to foster compliance and business activity, with special exemptions for Free Zone transactions and small enterprises.

    Individuals can now be classified as a business if their income stream surpasses a specified amount, or if their held assets exceed a certain value

    UAE employees drawing income from a singular source or salary payment need not be concerned, as salaries will continue to remain exempt from income tax

  • The move aims to foster compliance and business activity, with special exemptions for Free Zone transactions and small enterprises.

    Individuals can now be classified as a business if their income stream surpasses a specified amount, or if their held assets exceed a certain value

    UAE employees drawing income from a singular source or salary payment need not be concerned, as salaries will continue to remain exempt from income tax

  • Amman, Jordan--The International Monetary Fund (IMF) has applauded Jordan for its tight monetary and financial policies that have ensured macroeconomic...

    The IMF said that the kingdom's program supported by the fund is "still on the right track" with targets bolstered by strong performance on structural benchmarks

    It observed that the economic recovery from the COVID-19 pandemic is ongoing in Jordan, expecting GDP growth to reach about 2.6 per cent in 2023

  • As growth at Netflix cooled last year, the Silicon Valley-based streaming company focused on creating a lower priced subscription tier...

    The streaming television star touted its shows, viewer demographics, and more at a virtual "Upfront" presentation to advertisers

    More than 70 percent of those subscribing to the ad-supported plan at Netflix range in age from 18 to 49, according to the company

  • Riyadh, Saudi Arabia - A new Film Investment Fund was established  in Saudi Arabia on Wednesday with a $100m capital...

    The fund is the first capital injection initiative under the Investment Track of Saudi Cultural Development Fund's recently launched Film Sector Financing Program

    It will support film projects, companies, and media infrastructure, while also creating job opportunities and supporting the growth of talent both domestically and internationally

  • In addition to battery electric vehicles, BMW is exploring hydrogen fuel cell technology to harness the potential of clean hydrogen...

    To transition towards sustainable mobility, the main challenge lies in developing the required infrastructure, Dr Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS

    BMW is exploring hydrogen fuel cell electric vehicles to complement battery electric vehicles and address the potential of clean hydrogen production in the region, he adds