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
  • Speaking at a CII event in New Delhi, Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza...

    Trade between the UAE and India has shot up to $84 billion in 2022, from $68 billion the year before, recording a 23 percent jump

    Indian companies are the second largest partners in the free zone in terms of trade volume and fourth in terms of trade value

  • The Group's income also saw an increase of 34 percent.

    The company's net profit for the period stood at $85.51 million, up from $55.20 million during the same period last year

    he Group's total income also saw an increase of 34 percent, reaching $278.11 million, compared to $204.65 million in Q1 2022.

  • Its profit vaulted to US$150 million in Q1 of 2023

    The company said the profit resulted from strong performance and improvement in efficiency measures across all operations

    It acquired a 50 percent stake in TotalEnergies Marketing in Egypt, and plans to open the first service station in Cairo in Q2

  • Baroux also commends the UAE as the most promising market for French exports in the region, with over 600 French...

    Non-oil trade between France and the UAE rose to €7.318 billion in 2022, representing a 21% increase from the previous year

    The surge in trade signifies a significant 16.8 percent growth in bilateral economic relations between the two countries

  • Elon Musk has chosen top ad executive Linda Yaccarino to take the day-to-day reins of Twitter as he fights to...

    Elon Musk said he would remain in charge of design and technology at Twitter while Yaccarino would focus primarily on business operations

    Linda Yaccarino will face an uphill battle trying to attract major companies to come back to the platform.

  • DUBAI, UAE - Dubai Chambers has hosted a workshop for commercial attachés of EU Diplomatic Missions to provide them with...

    A workshop on Corporate Tax Law saw the participation of 13 officials from EU embassies and attaché offices in the UAE.

    Dubai Chambers said the workshop will bolster the strong trade and business relations with the European markets.

  • Salik recorded the highest level of quarterly revenue-generating trips.

    The company achieved net profit of AED275 million during the quarter, with a net profit margin of 52.9 percent, the company said.

    Toll usage revenue, which contributed 87 percent to total revenue, increased 7.9 percent year-on-year.

  • The Kurdish regional government had for years earned billions of dollars in revenues exporting crude oil to Turkey without the...

    Iraq's Oil Minister Hayan Abdel Ghani had on Thursday said that crude exports from the Kurdish region through the Turkish port of Ceyhan would resume Saturday.

    But on Friday the Kurdish natural resources minister, Kamal Mohamed, told a Kurdish television channel that the resumption of exports was still awaiting approval from Ankara.

  • Tabreed's total connected capacity rose to 1.276 million RT.

    Its revenue increased by 10 percent year-on-year to AED464 million from AED420 million in Q1 2022.

    The company's profit from operation increased by 12 percent to AED172 million compared to AED154 million in Q1 2022.

  • DUBAI, UAE -  The UAE has topped several global labor market indices issued by international entities and institutions in a...

    These indices include lack of labor disputes, low cost of severance compensation for workers, and working hours.

    The UAE also stood out for the low cost of severance compensation in the Global Innovation Index 2022.