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
  • Dubai, UAE -- April 2023 was the best month in a decade for Dubai's real estate market, both in terms...

    The number of transactions grew by 17 percent to 8077 in April 2023, from 6898 transactions in April 2022.

    The value of the transactions witnessed a surge of 46 percent compared to the same month last year.

  • Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has added 200 MW of clean energy from the fifth phase...

    DEWA organized a conference in March 2023 to give an overview of the latest developments of the 1,800MW 6th phase for local and international developers

    The solar park's current production capacity is now at 2,327MW, which is about 15.7 percent of Dubai's total production capacity of energy

  • Dubai, UAE-- Seeking to take advantage of the boom in the Middle East's hospitality sector, Radisson Hotel Group will triple...

    The hotel group plans to have 150 properties across the Middle East by the end of the decade, from its current portfolio of 52 hotels in the region

    It will open seven properties across Saudi Arabia in 2023 as its intends to capitalize on the surge in religious tourism in the kingdom

  • The company's profits came in at $1.8 billion.

    Profits came in at $1.8 billion, compared with a $3.1 billion loss in the year-ago period connected to an accounting loss

    Tuesday's results were the first under Ford's new reporting structure that includes separate financial details for EVs

  • Dubai, UAE - Dubai-based consumer technology holding group Astra Tech has launched the world's first "Ultra app" - Botim 3.0. ...

    The app is a combination of fintech, e-commerce, and GPT, built on top of a communication platform

    Botim GPT is an executional GPT that leverages AI to execute tasks and process transactions through conversation

  • The firm recorded a jump in the net profit to US$3.73mn.

    In 2022, Beema achieved gross written premiums of $108 million, an increase of 6.8 percent from 2021

    It reported a total shareholders' income of $28.46 million and a total shareholders' profit of $15.54 million in 2022

  • Jeddah, Saudi Arabia -- Center3, a connectivity company owned by stc Group, and Meta Company announced on Tuesday the landing...

    The project, a part of the 2Africa subsea cable consortium,  is geared tow making Saudi Arabia a global digital hub linking three continents of the world - Asia, Africa and Europe.

    With over 45,000 km of length, the project will connect 33 countries by the completion of the project in 2024, delivering reliable connectivity and internet services

  • The oil field discovery is set to yield a daily production of up to 100,000 barrels that will help Turkey...

    Erdogan said in a speech that Turkey has already begun supplying "high-quality" oil to refinery, with a productivity rate reaching about 100,000 barrels per day

    The president said that with reserves worth "tens of billions" of dollars, it will shore up Turkey's energy prospects and contribute to its economic growth

  • Its consolidated revenues rise to US$3.53bn in Q1 of 2023.

    Etisalat by e& added 13.9 million subscribers in the UAE, a 6 percent increase as against the same period of last year

    According to Brand Finance, e& has strengthened its position as the most valuable brand in the MENA region

  • “These positive growth levels are driving both the urgency and confidence for communication service providers (CSPs) to undertake significant investment...

    Communication service providers are focusing on upgrading network security, expanding services to underserved communities, and capitalizing on new market opportunities.

    Challenges include maintaining quality service, addressing API risks, and ensuring app availability and security. Also, IPv6 transition isn't easy due to scarcity of IPv4 addresses