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 firm approved a $1 billion share buyback after Q2 result.

    Tech companies have benefited from higher digital services demand since the pandemic,.

    Infosys also reported a marginally lower employee attrition rate - a key metric for IT companies - compared to the previous quarter.

  • Firm owns Uniqlo, Comptoir des Cotonniers clothing brands.

    Following years of aggressive global expansion, Fast Retailing is one of the world's biggest clothing retailers.

    As well as Uniqlo, it owns the clothing brands Theory, Comptoir des Cotonniers and lingerie label Princesse Tam Tam.

  • A few days after US President Joe Biden said that there would be consequences for Saudi Arabia on its decision...

    The United States accused Saudi Arabia of kowtowing to Moscow, which objects to a Western cap on the price of Russian oil in response to its invasion of Ukraine

    The Saudi foreign ministry statement stressed the “purely economic context” of the oil cut

  • Private cars will be banned from many streets and residents near some stadiums will need permits to get to their...

    The gulf state of 2.9 million people will be the smallest to hold the World Cup that starts November 20

    Qatar has spent billions of dollars on a state-of-the-art driverless metro rail network that serves five of the eight stadiums

  • Buy Now, Pay Later services provide customers the functionality of credit cards-- easy payments with no cash. But BNPL usually...

    BNPL providers pay retailers upfront and lend money to customers while taking on all of the program's administrative costs and credit risk. 

    The appeal of BNPL also lies in the fact that vast amounts of consumer data can be used by retailers to enhance customer loyalty by offering more targeted products.

  • Dubai, Abu Dhabi -- ENOC Group announced Wednesday that its Service Station of the Future is now open to the...

    Expo City Dubai is now ready to host 145,000 residents and workers, becoming the UAE’s first 15-minute city.

    This includes amenities in close proximity to the 85 start-ups and small businesses that occupies the commercial space.

  • The fund's comments, in its latest Fiscal Monitor report, come as food prices have surged by half since 2019 while...

    Countries all around the world are facing more pressing and more painful trade offs," said Vitor Gaspar, director of IMF's fiscal affairs.

    Countries may need to raise added revenues and contain the growth of other expenditures as they prioritize policies, the fund said.

  • The 13-nation OPEC cartel and its 10 allies headed by Moscow angered the White House last week with its decision...

    Saudi Arabia has defended the planned production cuts, saying the priority of OPEC+ was "to maintain a sustainable oil market"

    Partnership between US and Saudi Arabia was sealed after World War II, providing the kingdom with military protection in exchange for American access to oil

  • The Druzhba (Friendship) pipeline network was started in the 1960s and now covers 5,500 kilometres, pumping oil from the Urals...

    The leak was detected late on Tuesday near the village of Zurawice about 180 kilometres (112 miles) to the west of Warsaw in central Poland

    PERN spokeswoman Katarzyna Krasinska was quoted by PAP news agency as saying that the pipeline was mainly supplying two refineries in Schwedt and Spergau in Germany

  • The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes...

    The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes offered by NAFIS

    The NAFIS programme is working to achieve Emiratisation rates in the private sector with set deadlines through partnerships with private and government organisations