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
  • SAN FRANCISCO, US - Facebook owner Meta is working on a new "text sharing" social media platform, it said Friday, in...

    Since billionaire Elon Musk's takeover of Twitter in October, the influential website has suffered outages, layoffs.

    Several advertisers have left the platform over the alleged lack of content moderation in recent times.

  • The move sends sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since...

    The move sends sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis

    SVB specialized in financing start-ups and had become the 16th largest US bank by assets. At the end of 2022, it had $209bn in assets and approximately $175.4bn in deposits

  • Dubai, UAE -- Dubai recorded a total of 3,332 real estate transactions worth AED 12.9 billion ($3.51 billion) during the...

    A Dubai Land Department report said that 274 plots were sold for AED 3.17 billion, while 2,370 apartment and villa sales totaled AED 4.93 billion.

    Al Hebiah Fifth recorded the most transactions for this week with 117 sales transactions worth AED 320.97 million, followed by Jabal Ali First.

  • Abu Dhabi, UAE -- Masdar has signed an agreement with the Cote d'lvoire's energy ministry to explore the development of...

    The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led program that aims to build 20GW renewable energy in Africa.

    The plant would support the Republic of Côte d'Ivoire’s goal of 42 percent of its energy mix coming from renewable sources by 2030.

  • ABU DHABI, UAE - In his capacity as the Ruler of Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan...

    An affiliate of the Supreme Council for Financial and Economic Affairs, the company will support the emirate’s integrated transport ecosystem.

    It will develop transport systems, and contributing to effective and sustainable transport services for citizens and residents.

  • Doha, Qatar -- Qatar Central Bank (QCB) has issued treasury bills worth QR 3 billion ($832 million), attracting a total...

    One of bills, valued QR 1 billion had a tenor of one week and a yield of 5.005 percent.

    The bank issued treasury bills worth $274 million for a one-week term on Feb 26.

  • Riyadh, Saudi Arabia -- A meeting was held in Riyadh Thursday to prepare for holding the third round of free...

    The negotiations are scheduled to take place from March 12 to March 16, 2023, at the GCC General Secretariat headquarters in Riyadh.

    The meeting was attended by the heads of negotiating technical teams, directors of departments, and coordinators of technical teams.

  • Delay has had no effect on its annual financial statement.

    The publication of the yearly report which includes information about the company's functioning, was due on Thursday

    The bank had reported a net loss of 7.3bn Swiss francs ($7.9 billion) - the biggest since 2008, in its 2022 financial statement

  • Dubai, UAE -- Saudi energy giant Aramco broke ground for its 26.25-billion-riyal ($7 billion) Shaheen Petrochemical Project, its biggest in...

    Scheduled for completion by 2026, the Shaheen project is aimed at converting crude oil into petrochemical feedstock.

    With an annual production capacity of up to 3.2 million tons, Shaeen is Aramco's biggest project in South Korea.

  • Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt...

    The US Federal Reserve raised rates by a quarter basis point in December, lower than previous decisions.

    European wholesale natural gas prices dived to the lowest level since August 2021, due to high storage levels.