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
  • Buy Now, Pay Later services provide customers the functionality of credit cards-- easy payments with no cash. But BNPL usually...

    BNPL providers pay retailers upfront and lend money to customers while taking on all of the program's administrative costs and credit risk. 

    The appeal of BNPL also lies in the fact that vast amounts of consumer data can be used by retailers to enhance customer loyalty by offering more targeted products.

  • Dubai, Abu Dhabi -- ENOC Group announced Wednesday that its Service Station of the Future is now open to the...

    Expo City Dubai is now ready to host 145,000 residents and workers, becoming the UAE’s first 15-minute city.

    This includes amenities in close proximity to the 85 start-ups and small businesses that occupies the commercial space.

  • The fund's comments, in its latest Fiscal Monitor report, come as food prices have surged by half since 2019 while...

    Countries all around the world are facing more pressing and more painful trade offs," said Vitor Gaspar, director of IMF's fiscal affairs.

    Countries may need to raise added revenues and contain the growth of other expenditures as they prioritize policies, the fund said.

  • It plans to deploy $1bn in sustainable energy projects.

    Yellow Door said in a statement that the funding was substantially provided by YDE’s newest and now controlling shareholder, Actis.

    Existing shareholders International Finance Corporation (IFC), Mitsui & Co., and APICORP also increased their equity commitments.

  • Will enable SMEs to access e-commerce faster.

    They will also ensure easy onboarding and a simple pay-as-you-go pricing model.

    Users can soon sign up on the Wio Business app and be set up with a payment gateway to optimize payments within minutes.

  • JAFZA is home to over 9000 companies, including Fortune 100 firms.

    ADNIC will provide pre-underwritten insurance products for health and office insurance with exclusive pricing.

    Through this partnership, the Jafza community will benefit from hassle-free online enrolment for health insurance policies.

  • Meta said it is partnering with Microsoft and others to tune popular business and productivity software to virtual worlds using...

    The $1,500 Meta Quest Pro features a number of new features that are meant to improve users' perception of truly being in the presence of other people

    The headset makes it possible to view not only virtual worlds but also the real environment of the user, thanks to high-resolution outward-facing cameras

  • It will build 550 housing units in Riyadh for $161m.

    Retal said in a bourse filing that the project is expected to positively affect the company’s results after the sale begins and the project is completed

    Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh

  • About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32...

    Management consulting firm McKinsey predicts that 42.6 percent of jobs in the GCC will be automated by 2030, ahead of the global average of 32 percent

    As a backup plan against future pandemics, the GCC's business automation strategies evolved quickly during and after the COVID-19 pandemic

  • Seeking new exporters of gas to the continent, European Union's energy commissioner has hailed a "long-term strategic partnership" with Algeria...

    Algeria has helped Europe diversify its energy supplies by pumping more gas to Italy, which in July signed a deal to import billions more cubic metres

    Energy Minister Mohamed Arkab said his country was "a trusted supplier" that always honors its obligations