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
  • In the era of global mass production, Egypt's once expansive pool of skilled artisans has shrunk, with many young people...

    Experts in the sector say the global appeal of Arab and Islamic designs from other countries shows Egypt could do more to promote its rich, millennia-old artistic heritage

    Artists and artisans in Egypt, the Arab world's most populous country, draw from a history that spans ancient Pharaonic times, the Mamluk, Ottoman and modern eras

  • The kingdom received about 7.8 million international tourists for all purposes during the first quarter of 2023, representing its highest...

    The kingdom also became 13th globally, advancing by 12 places, as one of the top countries receiving international tourists in 2022

    The number of international tourists who visited the kingdom, for all travel purposes, hit 16.6 million in 2022, WTO reported

  • The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the...

    The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the country

    Qatar has emerged as a significant investor in Turkey, with foreign direct investments reaching approximately $10.3bn by 2021 end

  • DUBAI, UAE -  UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for...

    The National Dialogue for Food Security, organized by MOCCAE, aims to discuss topics that contribute to enhance food security for UAE.

    The dialogue was also attended by poultry industry experts and representatives of various federal and local government entities.

  • The cornerstone investment in ADNOC Logistics is valued $70m.

    The move comes as part of the company’s strategy to diversify its investment portfolio, the company said.

    Al Seer Marine was the sixth IHC Group company to list on the ADX in 2021. The company has a portfolio of services including management and training.

  • ABU DHABI, UAE -  The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the...

    The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions

    CBUAE works to ensure that all licensed financial institutions abide by the UAE laws, regulations and standards.

  • Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data...

    Retail sales rose by 0.4 percent in April from a month earlier to $686.1 billion, the US Commerce Department said in a statement.

    A separate report released by the Federal Reserve showed that industrial production rose 0.5 percent month-on-month.

  • The construction contract was awarded to a joint venture of France's Technip Energies and Consolidated Contractors Company for the North...

    NFS and North Field East form the wider North Field Expansion project to increase LNG production. The North Field contains the world's biggest natural gas reserves.

    The LNG trains, together with further expansion of North Field East, will boost Qatar's total production from 77 to 126 million tons per year, QatarEnergy said.

  • Alcoa is now EGA's largest third-party supplier of alumina.

    The agreement, spanning eight years starting in 2024, includes options that enable EGA to procure up to 15.6 million metric tonnes of alumina.

    The pact is the largest alumina supply contract ever signed between the two firms and is one of the largest in the industry, said Alcoa CEO Roy Harvey.

  • Wio will offer Khalifa members full digital account onboarding.

    The two entities aim to empower SMEs, entrepreneurs and freelancers in Abu Dhabi and the UAE with business banking tools and financial solutions.

    Wio Business will be extending a special promotion of a three-month free subscription plan to over 3,600 members and portfolio companies of Khalifa Fund.