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 deal comes after several weeks of stalemate and repeated strikes among postal, transport and health workers demanding more money...

    From June 2023, a tax-free inflation compensation payment of 3,000 euros is to be paid in several instalments.

    Inflation in Germany stood at 7.4 percent in March, remaining high despite having fallen from a peak of 8.8 percent in October.

  • Many who unwillingly gained blue ticks made it clear that they had not subscribed, as the badge became a symbol...

    Non-paying accounts that had a blue tick lost it on Thursday, as owner Elon Musk implemented a strategy, dubbed Twitter Blue, to generate new revenue, announced last year

    On Friday and Saturday, a number of celebrities regained their blue ticks, seemingly without action on their part, including author Stephen King, Donald Trump

  • Credit Suisse pushed forward its result release to come out the day before those of UBS, as Switzerland's largest bank...

    According to data compiled by US financial services firm Morningstar, Credit Suisse saw around $5.1 billion withdrawn from funds during the month of March

    Analyst expected UBS on Tuesday to post a first quarter profit of nearly $1.7 billion, below the $2.1 billion it made during the same quarter a year ago

  • According to the China Association of Automobile Manufacturers, electric vehicles made up 25 percent of car sales in the country...

    Government support for EVs and growing interest from a vast consumer base has assured Chinese companies' dominance.

    Despite a downturn across the global auto sector, an official said EVs' market share in China could increase to over 40 percent in 2023.

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and...

    DEWA was honored for its innovative grid-integrated system which regulates photovoltaic inverters for autonomous voltage.

    The approach to innovation, research and development in renewable and clean energy is in line with government strategies, DEWA CEO said.

  • Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 percent of...

    Arab stock exchanges, according to the Arab Monetary Fund, raked in liquidity to the tune of $10.28 billion last week

    ADX’s liquidity shot up by 2.22 percent last week from US$1.489bn to $1.522bn, while DFM’s liquidity surged by 41.4 percent from US$344.4mn to US$486.06mn

  • Ottawa, Canada--Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) in subsidies over 10 years...

    Terming the funding a "generational investment", Trudeau said that the new plant is expected to generate about Can$200 billion in value

    In order to attract auto makers, Canada has made a big push into batteries for electric vehicles, touting tax incentives and clean energy

  • It posted better-than-expected profit increase to US$2.35bn.

    According to a poll by an Indian newspaper, the result exceeded analysts' expectations of slower profit growth of around $2.04 billion

    The company's telecom wing reported a 13.01 percent increase in net profit to $574.76 million from a year ago

  • Signaling its resolve to keep fighting price rises, the US central bank has said that interest rates may need to...

    Lisa Cook, Fed governor, said on Friday that overall inflation, and other underlying measures of consumer price increases, remained high

    She noted that interest rate hikes would be determined by the impact of the recent financial sector turmoil on bank lending

  • TRENDS Twitter poll suggests 48% candidates face discrimination during job recruitment process in the Gulf region, while 30% do not,...

    Recent updates to labor laws in the UAE, Saudi Arabia, and Bahrain aim to bridge the gender pay gap and address discriminatory practices

    These updates include prohibiting discrimination between male and female employees who perform the same job and introducing paternity leave in the UAE