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

  • Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated...

    The national bakery owners' union said more than 3,100 bakeries have joined the open-ended strike

    The bakery owners are demanding payment of 14 months of overdue subsidies, which the union estimates at $80 million

  • Thanks to high oil prices, Saudi Arabia has recorded its first annual budget surplus in almost a decade, beating its...

    The kingdom's budget approved for 2023 foresees a surplus of 16 billion Saudi riyals ($4 billion) and GDP growth of 3.1 percent

    This year's surplus is the first since the 2014 collapse of oil prices from more than $100 a barrel,

  • Abu Dhabi, UAE----UAE's non-oil foreign trade increased by 19 percent by the end of the third quarter, compared to the...

    The value of exports at the end of the third quarter amounted to AED275 billion, a growth of nine percent, and re-exports recorded a growth of 22 percent.

    Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi said country's policies, legislations and economic relations and agreements have "begun to bear fruit".

  • The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE.

    The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE

    The CBUAE, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws

  • Young women in the MENA region are more likely to be in the workforce, while the GCC countries have seen...

    Young women in the MENA region are more likely to be in the workforce, while the GCC countries have seen advances in labor force participation, says the latest PwC report

    The TOP CEO Conference held in Dubai in May 2022 had suggested that women in the MENA region have made significant gains and have become a vital part of the region’s workforce

  • Mumbai, India—India's central bank on Wednesday raised its main interest rate for the fifth time this year, but by a smaller...

    Reserve Bank of India's move comes after US Federal Reserve chairman Jerome Powell signalled last week that officials would begin to take their foot off the pedal

    The Indian central bank retained its inflation forecast of 6.7 percent for the fiscal year to March but trimmed its economic growth projection to 6.8 percent from 7.0 percent

  • Economists expect Germany and another major eurozone economy, Italy, to fall into recession. Britain's economy is already shrinking. Rating agency...

    IMF still expects the world economy to expand in 2023, with growth of 2.7 percent but the OECD is forecasting 2.2-percent growth

    Natural and man-made catastrophes have caused $268 billion in economic losses so far in 2022, according to reinsurance giant Swiss Re

  • The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies.

    The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies

    Rising interest rates and slowing global growth risk is tipping a large number of countries into debt crises

  • Cairo, Egypt—Egypt’s non-oil businesses have shown a contraction in November, resulting in output falling at the sharpest rate since the...

    Egypt’s Purchasing Managers’ Index fell from 47.7 in October to 45.4 in November — the second lowest since June 2020.

    According to S&P Global, Egypt’s purchase price inflation hit a 52-month high, leading 42 percent of surveyed firms to report a rise in total input costs over the month

  • Delegates from across the world gathered for the December 7-19 meeting to try to hammer out a new deal for...

    Some countries want to set up a separate funding mechanism for biodiversity, which wealthy nations have largely resisted

    NGOs say the lack of world leaders at COP15 risks dampening momentum at the talks and could scupper an ambitious settlement