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
  • French retailer is first foreign supermarket chain in Israel.

    Simmering rage over costs and income inequality dominated the country's elections in November.

    Inflation hit 5.2 percent year-on-year, the central bank said in April, a record high for Israel in over a decade.

  • Riyadh, Saudi Arabia - A delegation of Saudi Arabia discussed steps to enhance cooperation in maritime transport and ports with...

    Saudi Arabia and South Korea inked a deal to promote mutual recognition of the certificate of competency of seafarers from both countries.

    The agreement is likely to streamline the seafarers' business process flows between Saudi Arabia and Korea.

  • MADRID, SPAIN -  The World Tourism Barometer published its second report of the year, which showed that international tourism is...

    During Q1 2023, twice as many people traveled internationally than in the same period of 2022, with 235 million estimated tourists.

    The report revealed that international arrivals have reached 80 percent of pre-pandemic levels in the first quarter of 2023.

  • The company posted Q1 revenue of US$694 million.

    Fertiglobe reported free cash flow of $271 million in the first quarter.

    The firm continues to have a strong order book for the coming months.

  • Dubai, UAE: Dubai Electricity and Water Authority (DEWA) announced the pilot use of ChatGPT, since April 2023, on its website...

    DEWAt is the first utility in the world and the first government organisation in the UAE to use ChatGPT

    The step has been taken as part of the company’s strategy to employ Artificial Intelligence

  • Koerner will be the only executive from Credit Suisse to remain on board after the bank is absorbed by UBS....

    Swiss-German Koerner held top positions at UBS for a decade before jumping ship to Credit Suisse last year with the tough task of reviving the troubled bank

    With his knowledge of both organisations, Ulrich Koerner will be responsible for ensuring Credit Suisse's operational continuity and client focus, UBS said

  • Doha, Qatar— More than ten million passengers traveled through Qatar’s Hamad International Airport in the first quarter of the current...

    Some 3.56 million passengers arrived at the airport in January, followed by 3.24 million in February, and 3.5 million passengers in March

    During the first quarter of the year, the airport handled more than 540,000 tons of cargo and transferred some 8 million bags

  • Microsoft-owned LinkedIn was one of the few US technology companies to successfully operate a social media site in China, where...

    An email from LinkedIn CEO Ryan Roslansky published online added that pulling out of China would result in "a reduction of roles for 716 employees"

    Most US internet giants including Facebook, Twitter, Instagram and YouTube have long been blocked in China as they fail to comply with strict regulations

  • Since Musk bought Twitter, the company has relaxed the moderation of content on the network, letting back many users banned...

    The move comes as Twitter's new boss Elon Musk tries to ramp up engagement, and opportunities to make money, at the online platform he bought for $44 billion last year

    Musk-mandated changes at Twitter from slashing staff to doing away with free verification check marks seen as stamps of authenticity have alienated users and advertisers

  • Doha, Qatar-- Uzbekistan has called for establishing a joint forum for businessmen in Doha or Tashkent to review investment opportunities...

    The minister highlighted opportunities for investment in the Central Asian state, saying large foreign companies have begun investing in various sectors

    He lay emphasis on building trade and investment alliances between Qatari and Uzbek companies that contribute to boosting of trade exchange between the two nations