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
  • Ex-Fed chief Ben Bernanke together with Douglas Diamond and Philip Dybvig were honoured for having "significantly improved our understanding of...

    Bernanke, 68, the chair of the US Federal Reserve between 2006 and 2014, was highlighted for his analysis of "the worst economic crisis in modern history" -- the Great Depression.

    Diamond and Dybvig were in turn honoured for showing how "banks offer an optimal solution" for channelling savings to investments by acting as an intermediary.

  • A brief rally across trading floors last week gave way to gloom as investors grow increasingly worried that central bank...

    All three main indexes tumbled Friday following news that a net 263,000 US jobs were created in September

    With the spotlight on a consumer price index reading later in the week, policymakers continue to take a hawkish tone

  • The BoE "announces additional measures to support market functioning", said a statement, adding that the central bank was ready to...

    The BoE said it is launching a Temporary Expanded Collateral Repo Facility, enabling "banks to help to ease liquidity pressures facing" client funds beyond the end of this week

    The central bank has so far made purchases of so-called gilts totalling around £5 billion ($5.5 billion), far less than its £65-billion limit

  • According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white...

    According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white pitta bread will remain at 400 fils

    The decision also included continuing to provide $6 in cash support to non-mechanical bakeries, specifically those that use one tonne or less of flour daily

  • On Monday, Turkey said it had signed a memorandum of understanding on exploration for hydrocarbons in Libya's seas with the...

    Greece, Egypt and Cyprus believe the 2019 agreement violates their economic rights in an area suspected to contain vast natural gas reserves

    The deal follows an agreement Turkey signed three years ago with Tripoli that demarcated the countries' shared maritime borders

  • Qatar ranks first in the Arab world and the Gulf region with an annual per capita share of around $183,000,...

    Bahrain ranked fourth in the Gulf and the Arab world, with an average per capita wealth of $98,000.

    Oman was ranked sixth in the Arab world and the Gulf, with an annual GDP per capita of about $39,433.

  • Riyadh, Saudi Arabia - Remittances from expatriates in Saudi Arabia saw a 13 percent year-on-year (YoY) decline to SAR 11.92...

    On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia rose 3 percent, or SAR 323 million ($85.47m).

    Remittances by Saudi nationals to other countries grew 10 percent YoY to SAR 6.33 billion ($1.68bn) in August.

  • Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected...

    Qatar relies heavily on Jordanian market for vegetables and fruits.

    Volume of Jordan-Qatar trade during the past 10 years amounted to over US$3.17 billion.

  • French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the...

    Ties between the North African country and France had seen months of tensions after Macron last year questioned Algeria's existence as a nation before the French occupation.

    The French PM is expected to sign deals on economic cooperation, including energy.

  • Those with bottomless budgets in the resource-rich region have attractive accommodation options too, with one third-party site offering $4,000-a-night hotel rooms...

    Stadium crowds will include Qatar's migrant laborers, who were offered some tickets at $11 to watch a sport whose players and core supporters are traditionally blue-collar

    United States, Britain, France, Mexico, China and India were among the countries where fans were showing most interest in packages for the UAE