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
  • But the half-point jump analysts expect to see in the Fed's benchmark lending rate will still be a steep rise,...

    To make borrowing more expensive, the Fed has raised interest rates six times this year, including four bumper 0.75-point increases, bringing the rate to between 3.75% and 4%.

    Despite the Fed's forceful moves, consumer inflation stood at 7.7% in Oct while job gains remained robust, raising worries that the bank would prolong aggressive campaign.

  • After a decade of dynamic growth during the 2010s, Africa's second most populous country has suffered multiple shocks, including the...

    Annual average inflation is expected to hit 30 percent in 2022 (compared to 26 percent last year), driven by an increase in food costs

    A peace deal signed last month between the federal government and Tigrayan rebels has raised hopes of an economic recovery

  • Dubai, UAE— The United Arab Emirates has been ranked as the country with the world's most powerful travel document. That...

    The UAE has beaten the likes of Germany, Sweden, Finland and Luxembourg in the latest ranking

    An Emirati passport holder can travel to a huge number of countries visa-free, and in many others you can get a visa right when you arrive

  • Doha, Qatar— Qatar has witnessed a 34 percent decline in building permits to 645 during the month of November, as...

    According to the monthly statistics issued by the Planning and Statistics Authority, the decrease was noted in the all of the municipalities

    Commercial buildings were found to be in the forefront of non-residential buildings permits with 32% (25 permits), followed by governmental buildings with 31% (24 permits)

  • John Kerry

    The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses...

    Washington's landmark Inflation Reduction Act contains $370 billion in subsidies for green energy and tax cuts for US made electric cars

    Biden defended the act and said it was never intended to disadvantage US allies, and has committed to understanding EU concerns.

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received 29 expressions of interest (EOIs) to implement the first...

    This is the first project implemented by DEWA using the Independent Water Producer model, which will run in phases during 2025 and 2026.

    The firm uses clean solar power to desalinate seawater using the latest Reverse Osmosis technologies, which consume less energy.

  • ASHGABAT, TURKMENISTAN - Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber has left the UAE on...

    The UAE Minister of Industry and Advanced Technology headed a delegation comprising senior officials from government, private sectors to Turkmenistan.

    The delegation discussed ways to develop bilateral relations and enhance cooperation in the fields of oil, gas, clean energy, infrastructure.

  • The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant.

    The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant

    It has appointed a consortium of companies, including Deloitte, WSP and Addleshaw Goddard, to provide consultancy services for the project

  • Geneva, Switzerland— Washington condemned the World Trade Organization's verdict Friday on the punitive US tariffs imposed on national security grounds on...

    Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey

    The WTO's Dispute Settlement Body found the measures imposed by the United States were inconsistent with various articles of the General Agreement on Tariffs and Trade (GATT)

  • Washington, US— The US has commended the decision to hold next year’s 28th UN climate change conference in the UAE....

    John Kerry said that fossil fuel economies should be encouraged to lead the transition to clean energy

    The climate envoy said that this year’s COP27 conference nudged the world closer to the goal of the 2015 Paris Agreement to limit the rise in global temperatures