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 new forecast would mark "an all-time high", and is due to the depreciating values of currencies against the US...

    Ukraine and Russia are agricultural superpowers, with more than 30 nations reliant on them for wheat and sunflower oil exports.

    Sub-Saharan Africa, already hard-hit by malnutrition, is expected to spend $4.8 billion more on food imports, despite a decrease in volumes.

  • Saudi Arabia is embarking on initiatives such as the Saudi Green Initiative and the Middle East Green Initiative to meet...

    Saudi Arabia is embarking on initiatives such as the Saudi Green Initiative and the Middle East Green Initiative to meet its climate change commitments

    The first package of ongoing activities as part of Saudi Green Initiative, includes investments in the green economy worth more than $186 billion

  • “We need to build a coherent framework of trade and investment policies supported by roadmaps that can accelerate the energy...

    There is a need to develop climate-smart policies to promote international trade and investment in mitigation and adaptation projects, says WTO official

    Fostering cooperation to develop common approaches to carbon pricing is critical to driving new transformations, Dr Ngozi Okonjo-Iweala highlights

  • Container throughput the Kingdom's ports continued its upward year-on-year movement during October 2022, soaring to 694,517 twenty-foot equivalent unit at...

    Growth remained the dominant trend across most cargo categories.

    Optimizing operational efficiency and attracting big-ticket investments have remained a major focus for the Saudi Ports Authority.

  • Firm is suffering from slowdown in China's economic growth.

    The steelmaker said it had reduced European gas consumption by 30 percent amid soaring costs.

    ArcelorMittal said in September that it would shut down two of its blast furnaces in Europe over high energy prices and lower demand.

  • Firm to transfer it equity interest to JV partner Sollers.

    Mazda stopped shipping parts to Russia in March and ended operations the following month.

    The company said it signed an agreement last month to transfer all of its equity interest in the Russian business to its joint venture partner Sollers.

  • Taleem set the price range at AED2.95 ($0.80) and AED3 per share, implying a market capitalization at time of listing...

     The final offer price is expected to be announced on 18 Nov. 2022. Listing of the shares and trading on DFM is expected to begin 29 Nov. 2022.

    The company is seeking to raise total capital of $204 million from the IPO, whose net proceeds will be used to expand its premium K-12 segment, Taaleem said in a statement.

  • Eng. Al-Nasr called for developing new and innovative ways to confront escalation in cyber-attacks and address them quickly.

    Eng. Al-Nasr called for developing new and innovative ways to confront escalation in cyber-attacks and address them quickly

    He called for finding and providing technical security solutions that give access to the best possible safe environment for users of the futuristic city’s technologies

  • Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.

    Emirates has bounced back into the black after its losses during the pandemic, the airline said.

    The airlines operations recovery accelerated as more countries eased and removed travel restrictions.

  • Dubai, UAE—  The economies of the Gulf Cooperation Council will likely receive a boost from the FIFA 2022 World Cup,...

    Dubai, according to the report, would benefit the most outside Qatar because of its proximity, tourism industry, airline connections and multiple-entry tourist visa provisions

    According to S&P rating estimates, Qatar's real gross domestic product growth in 2022 will be 4.8 percent, a sharp increase from 2021