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

  • Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of...

    Al Zaabi exhorted Japanese companies to utilize opportunities in Abu Dhabi and benefit from the UAE's position as a gateway to the Middle East, Africa, and South Asia

    Kodaira said that the meeting comes at a time when Japan and the UAE are beginning a new half-century of economic cooperation in different fields

  • Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has announced three key initiatives aimed...

    Local Content Growth Program, called MUSAHAMA, seeks to increase the share of local content spend in PIF's domestic portfolio to 60 percent by the end of 2025.

    The Private Sector Hub initiatve is a dedicated channel that is now live and will share supplier and investment opportunities with the private sector.

  • The firm also announced 5,000 other roles would remain unfilled.

    Meta had suffered a rough 2022 amid a souring economic climate, which forced advertisers to cut back on marketing.

    The company is also under pressure for making a huge gamble on the metaverse, the world of virtual reality.

  • The profit increased by more than 440 percent compared to 2021.

    The company attributed the increase in net profit to the increase in revenues—which rose by more than 60 percent to SAR 8.58 billion.

    In the oil transportation sector, Bahri's revenues have increased by SAR 2.01 billion, the company said in a bourse filing.

  • Dubai, UAE -- Mashreq Bank, the oldest privately-owned bank in the UAE, has facilitated $15.5 billion in sustainable finance, Joe...

    The finance was facilitated between Jan 2021 and Dec 2022 in addition to wastewater treatment projects worth $1.36 billion.

    Mashreq has said it aims to increase the amount of sustainable finance that it facilitates to reach $30 billion by 2030.

  • Technology, however, can be a powerful tool to deal with global challenges such as climate change, poverty, and inequality, says...

    Technology, however, can be a powerful tool to deal with global challenges such as climate change, poverty, and inequality, says MIT's Senseable City Lab director Carlo Ratti.

    It's up to us to ensure that we use technology in a responsible and ethical way to create a better future for all, adds Ratti, the founder of CRA-Carlo Ratti Association

  • Consultations to prolong Ukrainian grain exports deal are continuing, the UN said, after a Russian proposal for just a 60-day...

    Russia had agreed to extend the deal which is due to expire on Saturday, for 60 days.

    Ukraine said that "contradicts" the original agreement but did not reject the proposal.

  • DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation...

    The license aims at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology.

    It also aims at using innovation to redefine the logistics sector's future and its impact on the environment and climate.

  • The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and...

    The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and Trade Minister Ryad Mezzour tells TRENDS.

    Moroccan automotive industry produced 700,00 cars in 2022 and we expect the production to hit 1 million in the next three years, adds Mezzour during the interview

  • Crypto companies were taking out TV adverts, sponsoring sports teams and touting their technology as world-changing as they sought new...

    PeckShield pointed out the hack to British lender Euler on Twitter, posting details of transactions it said showed losses of $197 million

    The hack on Euler is the most substantial this year, according to crypto critic Molly White, who chronicles hacks on her blog Web3 is Going Just Great