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 firm is one of Egypt's leading real estate developers.

    SODIC's majority shareholder, Aldar, led one of the largest foreign direct investments in the Egyptian real estate sector in 2021

    The company is also expanding its landbank in multiple areas across Egypt, including West Cairo, East Cairo, and the North Coast

  • Adjusted earnings rose six percent to $10.6 billion.

    Profit after tax leapt 22 percent to $8.7 billion from a year earlier, when it had faced a large $3.9 billion charge over its exit from Russia after Moscow invaded Ukraine

    Adjusted earnings rose six percent to £9.6 billion and revenue advanced seven percent to $89 billion, sparking fresh outcry from critics as Britons face a cost-of-living crisis

  • Risks from AI include its potential uses for fraud, with voice clones, deep-fake videos and convincing written messages. A range...

    The AI-enhanced features of the company's Bing search engine and Edge internet browser are now open for anyone to use, Yusuf Mehdi, corporate vice president said

    The services have been enhanced with the ability to work with images as well as text, and Microsoft intends to add video to the mix, according to the executive

  • Abu Dhabi, UAE— AD Ports Group will add drydock services to its portfolio at Khalifa Port in an expansion of...

    The port with the expansion in services, from container and cargo handling, vessel repairs and maintenance, is aiming to improve client service

    The CEO of AD Ports said the addition of new service will drive growth and enhance the company's competitive position in the market

  • Sales revenue rose 22% from January to March.

    Net profit dropped 29.9 percent, with VW saying it was due to the impact of commodity hedging, which had pushed up operating profit in the period a year earlier

    Sales revenue rose 22 percent from January to March, boosted by improved sales in Europe and North America, said VW, which also confirmed its positive forecast for the year

  • Cairo, Egypt--Egypt’s current account deficit fell 77.2 percent to $1.8 billion in the first half of the North African country’s...

    The drop in the deficit was caused by current account turning a $1.41 billion surplus last year as imports dropped and exports soared

    According to S&P Global's report, the downturn in the business sector softened in April as cost inflation fell to a on-year low

  • Abu Dhabi, UAE--The property market in Abu Dhabi has recorded 5,472 property sales and mortgages valued at US$7.62 billion in...

    The emirate recorded a 147 percent jump in the value of real estate transactions during the first quarter of 2023 compared to the same period of last year

    The Department of Municipalities and Transport has reported an increase in the value of mortgage transactions to $3.18 billion during the first quarter

  • Abu Dhabi, UAE--Looking to boost tourism and cultural exchange between the two countries, the Department of Culture and Tourism Abu...

    The deal will bolster tourism and economic cooperation between the two nations, driving growth in leisure traffic in key markets

    The partnership entails starting initiatives like joint sales workshops, training, roadshows to improve partner engagements and cultural exchange

  • The company delivered 127 aircraft in Q1 of 2023.

    Revenues generated by Airbus' commercial aircraft activities decreased by five percent year-on-year.

    The company's defense and space unit saw revenues drop by six percent, while the helicopter unit jumped by 26 percent.

  • Revenue is due to demand for fixed, mobile services.

    The prepaid customer base of EITC increased to 6.7 million, driven by the continued attractiveness of Flexi plans and brisk tourism activity.

    EITC's commercial initiatives led to a 9.4 percent increase in mobile customers, with 8.2 million subscribers at the end of the quarter.