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
  • BRUSSELS, BELGIUM -  The EU imported US$524 billion (€482 billion) worth of high-tech products from extra-EU countries in 2022 (+22...

    In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (US$199 billion) and the United States (US$99 billion).

    The most significant category of high-tech products imported from non-EU countries was electronics-telecommunications (US$219 billion).

  • ICIEC is world's only multilateral Islamic insurance firm.

    DCIP is a non-payment insurance policy against the default of issuing banks to meet their obligations under an irrevocable letter of credit.

    DCIP supports the potential of SNB to provide confirmation lines to various issuing banks in Saudi Arabia or ICIEC member states.

  • ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting,...

    The Bank offers financing solutions with flexible terms for industrial companies and projects with high developmental impact.

    Financing options include capex financing, advanced technology adoption financing, renewable and energy efficiency financing.

  • ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies,...

    The deal says both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone.

    Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Rogerio Nogueira, official at Vale signed the deal.

  • One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the...

    PouYuen Vietnam told local authorities it would lay off almost 6,000 workers with permanent contracts from the end of next month.

    "This will be the biggest layoff since PouYuen started its operation in Ho Chi Minh City in 1996," the state media outlet said.

  • DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and...

    Several UAE federal, local government entities and civil society organizations were part of the delegation.

    The new labor legislations include provisions that prohibit discrimination on all grounds as defined in international conventions.

  • Riyadh, Saudi Arabia-- Saudi Arabia and Iran have discussed ways to strengthen the ties between the two countries in a...

    The Iranian minister described the expansion of the Saudi-Iranian relations as a "win-win" development

    The two ministers met in Jeddah on the sidelines of the Islamic Development Bank Group's conference

  •   Dubai, UAE - AI-driven cloud-based gaming platform, The Game Company, raised $5 million during their pre-seed round in December....

    The company is poised for even more growth during its upcoming funding round, with expectations of a substantial increase in valuation

    The company aims to create a truly immersive gaming experience that is accessible for anyone, anywhere, anytime, and on any device

  • Tehran, Iran--Iran will begin to receive the first batch of Russian SU-35 fighter jets next week, according to Mehr News...

    Being under Western sanctions, both Iran and Russia have signed deals in recent months to boost military, economic, trade, and energy ties

    Apart from the 24 jets, Iran will also receive from Russia air defense systems, missile systems and helicopters from Russia in the near future

  • The profit rose to US$22mn on the back of higher revenue.

    The company's revenue soared to $240 million, a jump of 12.7 percent, and EBITDA went up to $43 million, an increase of 21 percent

    It is looking to make additions to its capacity for tiles, sanitaryware and tableware division in the United Arab Emirates