Business - TRENDS MENA

The group raised $210m through the sale of 750 million shares.
The group successfully raised $210 million)through the sale of 750 million shares for AED1.03
The IPO was met with strong demand from investors, with the offering oversubscribed 22 times
The company reported a net profit of $144m for the period.
Salik reported a net profit of $144 million for the second half of 2022
Salik’s revenue increased 11.8 percent Year on Year to $515 million
Abu Dhabi, UAE - The UAE and Vietnam signed Thursday a declaration of intent to start negotiations for a comprehensive...
The UAE is the leading trade partner of Vietnam in the Arab region, accounting for 39 percent of Vietnamese trade with the region’s countries.
The two sides discussed ways of strengthening their cooperation in the areas of trade, investment, the new economy, industry and energy.
ByteDance's success in China's highly competitive internet sector has been largely thanks to its popular short video app Douyin.
The reasons for the losses are unknown, but Zhang is still the second-richest entrepreneur in the world under the age of 40.
Zhang co-founded ByteDance in Beijing in 2012, but resigned from the group in 2021 in the midst of regulatory tightening.
The economy committee of the National Council, the lower house of parliament, asked the government for an analysis of the...
The emergency takeover by UBS has sparked unease and criticism within Switzerland, where Credit Suisse was a pillar of the country's totemic banking sector.
Following a string of scandals, the collapse of three US regional banks in March left Credit Suisse looking shaky amid fears of contagion and shares nosedived.
Dubai, UAE -- Dubai recorded real estate deals worth AED2.3 billion ($626 million) on Wednesday, according to Dubai Land Department....
The deals included 502 sales transactions worth AED1.44 billion, in addition to 95 mortgage deals of AED898.52 million.
The sales included 465 villas and apartments worth AED1.1 billion, and 37 land plots worth AED340.65 million.
A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...
Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.
Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation...
DEWA is implementing clean and renewable energy and water desalination projects.
The firm attaches great importance to research in sustainable and renewable energy.
Dubai, UAE -- The Central Bank of the UAE (CBUAE) issued a new banknote of AED1000 denomination and made of...
The new banknote will be available at banks and exchange houses from 10 April 2023.
It will be in circulation alongside the current AED1000 note whose value is guaranteed by the UAE law.
"It makes a lot of sense for us, as the Chinese market keeps growing, to be serving local for the...
The framework accord for the new site was later signed by Faury at a ceremony attended by Macron and Chinese President Xi Jinping, an AFP journalist saw.
The new assembly line in Tianjin for Airbus’s hugely popular A320 medium-haul jets will begin operations in late 2025.