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 two prime ministers affirmed that Jordan and Iraq maintain historical and strategic ties and are committed to expanding bilateral...

    Prime Minister of Jordan Bisher Khasawneh and his Iraqi counterpart, Mustafa Kazemi laid  the cornerstone for the electrical interconnection project

    Khasawneh stressed that Jordan's leadership, government, and people are committed to supporting the security of Iraq and improving the country's stability, prosperity, and progress

  • The Algerian firm said in a statement that Sonatrach and its partner Naturgy have agreed to revise the prices of...

    Algeria, Africa's top natural gas exporter, has signed a flurry of deals with southern European governments and energy firms seeking to offset the Ukraine war fallout

    Spanish gas regulator Enagas says Algeria was the country's second gas supplier (24 percent) in August, behind the United States (26.5 percent)

  • With US inflation soaring new heights, the country's central bank has said more increases are likely to come this year...

    Prices have surged over the past year, partly due to global supply chain problems that created shortages of key parts

    The situation was exacerbated with Russia's invasion of Ukraine in February, spurring a surge in energy prices and affecting global food markets

  • To draw firms from around the world, the UAE and KSA have been working hard over past few years to...

    The UAE and Saudi Arabia have been developing infrastructure on par with developed nations to attract businesses from around the world

    Dubai is also great for businesses from the rest of the globe because it is relatively simple to register a property, obtain building licenses, and enforce contracts

  • IMF chief Kristalina Georgieva urged global policymakers to take concerted action as the risks of a worldwide recession are driven...

    The IMF chief said that if central banks move too aggressively to tamp down price pressures, it could trigger a prolonged economic downturn.

    Finance ministers and central bank governors from over 180 nations will gather in Washington for a meeting of the IMF and WB.

  • The move will help develop ADX derivatives market.

    The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year.

    Market participants will be able to trade on leverage and hedge their equity exposure using these contracts.

  • Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected...

    Total air traffic in August soared up by two thirds from the same time last year, but was still only at 73.7 percent of its pre-Covid level.

    Asia experienced the biggest rebound, where traffic more than tripled.

  • With the demand for gas rising worldwide because of an energy crisis sparked by Russia's invasion of Ukraine, Lebanon hopes...

    Following years of US-mediated negotiations, the rival states now appear to be nearing agreement

    A deal would allow "offshore exploration activities to continue, but that doesn't mean that Lebanon has become rich

  • The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development.

    The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development

    The global investment platform also announced its next annual conference on 1 and 2 March 2023 in Abu Dhabi

  • The failure to flesh out her economic plan failed to calm the jittery markets, however, and the pound slid 2.01...

    Almost a month since she succeeded Boris Johnson, Truss has alienated voters, financial markets and many of her own lawmakers

    Fitch said that the large and unfunded fiscal package announced as part of the new government's growth plan could lead to a significant increase in fiscal deficits