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
  • The United States will provide Jordan with over US$845 million in annual financial support, officials in Amman said as the...

    The Hashemite kingdom is a key Western ally in the Middle East.

    In September, the US committed to providing Jordan with $10.15 billion in aid between 2023 and 2029.

  • DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has approved the...

    The Plan seeks to preserve the nature of areas including Lehbab, Margham, Al Marmoom, Al Lisaili, Al Faqaa and Al Aweer.

    It also aims to offer a unique touristic experience and transform each area into a key tourist destination in the emirate.

  • RIYADH, SAUDI ARABIA - Saudi Minister of Environment, Water and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli inaugurated Sunday...

    The launch aims to strengthen the aquaculture industry, prevent aquatic diseases, support the production of aquatic organisms.

    It also aims to meet the growing demand for aquaculture and its products, reduce the spread of diseases, train veterinarians and specialists in aquatic health.

  • SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and...

    Sharjah has many strategic advantages for Russian companies which plan to expand in the region's markets.

    Sharjah is an ideal environment for industrial companies in various sectors, especially startups.

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with...

    DEWA inaugurated a new transmission 400/132kV substation in Jebel Ali First.

    DEWA inaugurated an overhead cables with a conversion transmission of 2,000 MVA, at a total cost of US$92 million.

  • The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022 which hit...

    The real GDP value (at constant prices) exceeded AED543 bn ($147 bn) and the value of the non-oil sectors' GDP increased AED28.4 bn compared to H1 to reach AED273 bn in total.

    According to data released by SCAD, the mining and quarrying activities (including crude oil and natural gas) contributed 49.7 percent to the real GDP.

  • Amman, Jordan— The Kingdom of Jordan intends to foster a "robust partnership" with the private sector of the country that...

    He said the economic modernization scheme set a roadmap for the next stage to stimulate and advance the national economy

    Shamali said the department has a reform scheme to provide facilities to importers and exporters at border crossings

  • Five villages are located on the site of the Makhoul dam and "a commission has been formed to ensure adequate...

    Tens of thousands of Iraqis are threatened by the Makhoul dam, which the government hopes will be operational on the mighty Tigris in five years

    There are repercussions for flora and fauna, warn environmental groups Save the Tigris and Humat Dijlah, who say the ancient city of Ashur -- a UNESCO listed site -- is at risk

  • In a rare display of anger against the Chinese government, scores of protestors took to the streets of Shanghai early...

    A deadly fire on Thursday in Urumqi, the capital of northwest China's Xinjiang region, spurred an outpouring of anger as many social media users blamed lengthy Covid lockdowns

    Video taken by an eyewitness on Sunday showed people gathering in central Shanghai to mourn the 10 victims killed in the Urumqi fire

  • Both employers and employees stand to benefit from the UAE's recent labor law amendments, Ben Brown, Partner at the law...

    Both employers and employees stand to benefit from the UAE's recent labor law amendments, says Ben Brown, Partner at the law firm Addleshaw Goddard

    To conform to the new UAE labor laws, many firms have already handed three-year fixed-term employment contracts to their employees