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

  • It will slash 2.5% of workforce as a cost-cutting effort.

    The firm expects to incur $1.5 billion in costs as a result of the downsizing, including $1.2 billion directly related to the layoffs

    According to the company's recent annual report, it put the number of employees at 721,000 in 2022

  • Doha, Qatar--Doha port received on Thursday the cruise ship MSC World Europa carrying 5,613 tourists and a crew of 2,121....

    Qatar's tourism sector has recorded growth in recent years thanks to growing popularity in cruise tourism, making the country a favorite destination

    Equipped with latest technology, MSC World Europa is one of the most innovative and eco-friendly equipment in the company's fleet

  • Earnings per share went up 15% to $2.3 cents.

    Earnings per share were up 15 percent from US$ 2 cents to US$ 2.3 cents

    Shareholder equity increased 81 percent from US$ 1.1 billion to US$ 1.9 billion

  • The deal is designed to enhance Saudi digital transformation.

    Both will make a push for the kingdom's digital transformation in sectors like energy, petrochemical, and manufacturing

    Saudi Arabia, according to a UN report in March, is ranked fourth globally in its level of preparedness in digital systems

  • New York, United States -- Two months after accusing India's Adani Enterprises of fraud, US investment group Hindenburg Research launched...

    Block, founded by former Twitter boss Dorsey in 2009, used to be called Square before being renamed in late 2021.

    The tech company operates financial transactions, ranging from payments to merchants to payments between individuals.

  • Lebanon and the IMF reached a conditional agreement in April 2022 on a $3-billion-dollar loan needed to save the country's...

    The IMF had conditioned the funds on unifying the country's plethora of exchange rates and a reformed bank secrecy law as well as restructuring the banking sector.

    Lebanon's meltdown has pushed most of the population into poverty while the political elite, widely blamed for the country's financial collapse, has failed to take action.

  • Dubai, UAE -- The Securities and Commodities Authority (SCA) and the Abu Dhabi IPO Fund (ADIPOF) have signed a Memorandum...

    The MoU was signed by Securities and Commodities Authority and the Abu Dhabi IPO Fund.

    The MoU aims to increase the number of IPOs, support local financial markets, and promote the country's economic stability.

  • MoU will be mutually beneficial to both organizations.

    The MoU will enable e& enterprise to leverage MBRSC's expertise in AI.

    MBRSC will benefit from e& enterprise’s resources and capabilities.

  • Presight IPO received $496 million. It was oversubscribed 136 times.

    Presight offered 1.35 billion shares, equivalent to 24.24 per cent of the company’s paid-up capital.

    Presight reported a 35 percent rise in net profit for 2022 to reach $147 million, while its revenue increased by 63 percent to reach $265 million.

  • The acceptance follows years of turmoil for the company.

    A consortium led by investment fund Japan Industrial Partners will be taking over Toshiba.

    Toshiba produces everything from rice cookers to medical equipment and nuclear plants.