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

  • Women's achievements at all levels during the past 50 years are widely regarded as an essential foundation for shaping the...

    Emirati women succeeded in proving themselves in society as mothers and in the financial world as hard workers and leaders, says an expert.

    Women's achievements at all levels during past 50 years form an essential foundation for shaping the UAE's future, adds Alia Al Serkal of du

  • The inaugural $600m sukuk saw orders of over $2.2 billion.

    The profit rate was tightened by 30 basis points to 5.85%, at a spread of 185 basis points over US treasuries due to the robust order book.

    Middle Eastern investors received 80 percent of the sukuk allocation, Emirates NBD said.

  • Haute couture has given way to upcycled outfits, sourced entirely from used clothes, as the models strut, pause and pivot...

    The global fashion industry accounted for two percent of greenhouse gas emissions in 2019, according to the World Resources Institute

    Campaigners and a growing number of climate-conscious social media influencers have led a push toward sustainable fashion

  • SRC is looking to expand its refinancing portfolio.

    SRC said that the agreement is the latest in a series of similar deals to support mortgage financiers and originators

    It will provide liquidity, capital management, and balance sheet de-risking solutions to enhance real estate financiers’ capacity

  • Days after SVB's collapse this month, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced that its...

    In the 2008 financial crisis, authorities spared shareholders and bondholders, said David Smith, professor of commerce at the University of Virginia

    But "there's no bailout" this time in the sense that officials are protecting depositors rather than shareholders and bondholders, Smith said.

  • The online retail giant axed 18,000 jobs in January.

    The layoffs account for a smaller percentage of Amazon's total workforce, which ran up to 1.5 million people in December 2022, than the cuts seen at some other tech giants.

    The cuts would mainly impact Amazon's cloud computing, human resources, advertising and Twitch videogame streaming businesses, Amazon CEO Andy Jassy said.

  • LONDON, UK- Europe's natural gas price slid Monday below US$43 for the first time in more than a year and a...

    Monday's low is almost nine times less than the record high struck after key gas producer Russia invaded Ukraine more than one year ago.

    Energy bills remain high for many households and businesses, however, with wholesale costs taking time to filter down to the end consumer.

  • Firm said non-monetary factors played a role in earnings.

    Western powers have imposed sanctions against Russia due to the Ukraine war.

    Rosneft said that the profit level forms a solid basis for paying dividends.

  • Dubai, UAE -- Saudi ACWA Power has signed three power purchase agreements and investment agreements valued at $2.5 billion with...

    In August 2022, ACWA Power committed $10 billion of new investments in the next five years in addition to the already committed $5 billion.

    Uzbekistan’s aims to generate 35 percent of its electricity (15,000 MW) from renewable sources by 2030.

  • Dubai, UAE -- A total of 24 companies headquartered in Dubai, representing 16 economic sectors, have attended a business forum...

    Astana in Kazakhstan was Dubai International Chambers' second destination under its New Horizons Mission to Central Asia.

    The Mission is aimed at driving the international expansion of Dubai businesses into new select markets.