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
  • With supermarket cashiers paid more than most teachers, thousands have joined the protests since the beginning of September, with human...

    Hungary is already in the grip of a chronic teacher shortage, with few young people joining the profession and 40 percent of teachers aged over 50.

    According to the EU, the centralised management of schools also leaves school directors with limited autonomy to improve teaching quality, further eroding morale.

  • The British pound sank against the dollar on political uncertainty after the resignation of UK Prime Minister Liz Truss, while...

    The dollar strengthened also on expectations that the US Federal Reserve would press ahead with its program of bumper interest rate hikes.

    Traders were girding for another possible intervention by Tokyo after the dollar went above 150 yen.

  • The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State,...

    A new project on opportunities for UK-UAE collaboration on the decarbonization of the built environment was also announced.

    The Business Council announced it will support the Cherie Blair Foundation for Women.

  • The crisis-hit PM, elected Conservative leader just six weeks ago on a tax-slashing platform, announced her resignation Thursday. Her budget,...

    The measures triggered a loss of confidence on markets, sparking the downfall of the 47-year-old Oxford-born politician

    Investors also felt the budget splurge was in opposition to the BoE's recent interest rate hikes which sought to bring down runaway inflation

  • The summit agreement set out a "solid roadmap to keep on working on the topic of energy prices", European Commission chief...

    The accord came after 11 hours of wrangling over broad proposals to lower energy bills as gas prices pushed skywards by the war in Ukraine

    The bloc's 27 member states have been squabbling for months over which joint initiatives to adopt, riven by the fact that energy mixes in the countries vary greatly

  • The Finnish company reports net sales of $6billion.

    Finn company Nokia reported a 22-percent rise in profit to $419 million

    Nokia CEO Pekka Lundmark said the quarter demonstrated that he was delivering on the ambition to accelerate growth.

  • Firm is making 'pricing adjustments' as inflation soars.

    Ericsson's shares closed down 15 percent on the Stockholm stock exchange.

    The lower profits were partly due to Ericsson's $6.2 billion acquisition of US cloud communications company Vonage.

  • The United Arab Emirates is set to host three healthcare events next week in Dubai where over 4,000 healthcare professionals...

    Over 4,000 healthcare professionals and participants are expected to attend.

    Around 140 expert speakers will deliver 110 scientific sessions and over 40 participating countries will also be present.

  • The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for...

    The Turkish central bank said it was cutting its one-week repo rate to 10.5 percent from 12 percent

    President Erdogan wants interest rates to lower down to single digits by the end of the year

  • Riyadh, Saudi Arabia--Aramco said on Thursday it has launched Taleed program to accelerate the growth of Small and Medium Enterprises...

    Aramco said the program targets sustainable SME growth across multiple sectors through a portfolio of 20 initiatives.

    It also aims to deliver funding and financial solutions to existing and new businesses through five funds, with a combined capital exceeding $800 million.