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
  • London, United Kingdom - British cyber security firm Darktrace on Wednesday warned that artificial intelligence bot ChatGPT may have increased the...

    Microsoft-backed start-up OpenAI in November launched Content creation bot ChatGPT.

    ChatGPT had "ignited a conversation about the implications of generative AI for cyber security," the firm said.

  • "We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela...

    The employment in private sector increased by 242,000 jobs in February, almost twice the 119,000 figure in January.

    This follows a series of recent indicators showing that hiring remained strong, consumer spending resilient.

  • The company likely to buy 20 percent stake.

    The WTA tour includes more than 70 events annually but it has suffered financially from suspending tournaments in China and Hong Kong.

    Liberty Media bought CVC's stake from Formula One in 2016 but the firm owns an Indian Premier League franchise.

  • The company said the metal business alone grew by over 23 percent.

    The cable business increased by more than 9 percent during the same period, the company said.

    Ducab Group recently announced the opening of its new headquarters in the Indian city of Bengaluru.

  • Abu Dhabi, UAE -- Siemens Energy has been awarded long-term service contracts for several Iraqi power plants to improve energy...

    These contracts represent the first portion of prioritized projects under the Iraq Energy Agenda – Wave II agreement, which was signed in Berlin in January 2023.

    As part of the prioritized packages, Siemens Energy signed three long term service contracts, for five years each, for the Al Sadr, Kirkuk, and Al Rasheed power stations.

  • Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the...

    According to the survey, the majority of users (92%) lost up to $1,000 as a result of these incidents, while (8%)of the respondents reported a loss of more than $1,000

    In the Middle East alone, the company blocked more than 1.8 million financial threats and out of them 256,708 in the United Arab Emirates

  • Students are also using ChatGPT to bypass China's lucrative English language test prep industry, in which applicants learn thousands of...

    With its ability to produce A-grade essays, poems and programming code within seconds, ChatGPT has sparked a global gold rush in artificial intelligence tech

    Although in China, the service is unavailable without a VPN, over a dozen students told AFP they have used it to write essays, solve science and maths problems

  • Dubai, UAE -- DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade in 2022,...

    During the past 10 years, Jafza has seen a 13-fold increase in logistics customers, while the vehicle and transport segment saw a compound annual growth rate of 26 percent.

    The number of newly registered Chinese companies in Jafza saw a four-fold increase in 2022, indicating a post-pandemic, healthy demand from the Far East.

  • The Senate bill and the backing of the White House accelerated the political momentum against TikTok, which is also the...

    The bill was backed by Mark Warner, a senior US senator from the Democratic party, and John Thune, a South Dakota Republican

    TikTok reacted by again pointing to its months of negotiations with the Committee on Foreign Investment in the United States (CFIUS)

  • Excluding currency effects, the sales gain was 11 percent.

    For 2022, net profit at the Danish firm rose four percent to a record 13.8 billion kroner ($1.98 billion).

    The company has been buoyed both by sets based on franchises such as Star Wars and Harry Potter.