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
  • In 2021, Dubai hosted qualifying slaloms for the Beijing Winter Olympics in the refrigerated dome of a huge shopping mall...

    Saudi investors have bought English football club Newcastle and are financing the breakaway LIV golf tour

    The rivalry with the Qatari and Emirati neighbours, regional pioneers in sports diplomacy, remains constantly in the background

  • Oil prices had slid in recent weeks back to the levels before the war in Ukraine on concerns of a...

    In Vienna, ministers from the 13-nation OPEC cartel and a group of 10 exporters led by Russia agreed to reduce production by two million barrels a day from November

    It is the biggest cut since the height of the Covid pandemic in 2020 and came despite concerns it could fuel inflation further and push central banks to hike interest rates

  • Presenting a revision of their annual trade forecast, WTO economists said they expected the volume of global merchandise trade to...

    "The picture for 2023 has darkened considerably. Today the global economy faces multi-prong crises," said WTO Director-General Ngozi Okonjo-Iweala.

    The WTO said surging energy prices in Europe, stemming from the war in Ukraine, were expected to squeeze household spending and raise manufacturing costs on the continent.

  • Cynthia Zarazir, who was elected to parliament in May, is the latest in a growing number of angry depositors who...

    Zarazir entered her bank branch in Beirut o demand $8,500 to pay for surgery costs not covered by her health insurance.

    Also on Wednesday, a retired member of Lebanon's Internal Security Forces entered a bank in Beirut's southern suburbs to demand access to his savings.

  • S&P Global's latest data reveals that the UAE has recorded a strong growth in business across the non-oil economy even...

    August had recorded a slightly higher PMI of 56.7, but S&P considers any readings above 50 as growth while those below 50 are marked as contraction

    S&P noted that firms also encountered relatively mild price pressures, as input costs rose only slightly after a renewed fall in August

  • Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her plan, which went further than...

    "We cannot have fiscal policy working against the monetary policy by providing untargeted policy support", IMF chief Kristalina Georgieva said Tuesday

    UK Finance Minister Kwasi Kwarteng on September 23 announced the debt-driven mini-budget, which slashed taxes and sparked market turmoil

  • Morocco - the world's top producer of hashish according to the United Nations - lies on Europe's doorstep and is...

    The marginalised Rif region has long been a major source of illicit hashish smuggled to Europe while Moroccan authorities, wary of social unrest, have often turned a blind eye

    Growers now hope that a change in the law last year will help them profit legally from medicinal cannabis, increasingly used to treat conditions including multiple sclerosis

  • The collaboration could see a staggering one billion litres of natural drinking water flow through Dubai every year, over a...

    The collaboration could see a staggering one billion litres of natural drinking water flow through Dubai every year, over a period of 50 years

    Fresh Water Norway will be able to avail of DMCC’s services, global connections and network across supply chains and its ability to drive trade flows through Dubai

  • US equities posted gains for a second straight session amid hopes of a US monetary policy pivot, after a bruising...

    The tech-rich Nasdaq Composite Index led the major indices, powering up 3.3 percent to close at 11,176.41

    The Dow Jones Industrial Average rose 2.8 percent to 30,316.32, while the broad-based S&P 500 jumped 3.1 percent to 3,790.93

  • Soaring energy prices fuelled by Russia's war in Ukraine have forced a new reality upon European nations, where people are...

    The noise of privately owned generators can be heard all over the country as households and businesses try to make up for supply shortfalls from the national electricity company

    The Middle Eastern country is rich in oil, but endemic corruption and devastating conflict have taken a heavy toll on its infrastructure and forced most of its people to adapt