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

  • As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used...

    The fact that we are dependent on one supplier and also dependent on its decisions will certainly not happen to us again, Scholz said.

    In Qatar, the last stop on his two-day Gulf tour, the chancellor said the emirate's rights record is improving.

  • Riyadh, Saudi Arabia--Saudi Arabia has launched five new projects to produce electricity using renewable energy, which is part of the...

    Saudi Energy Procurement Company (the main buyer) launched the projects for competition.

    These projects, with a total capacity of 3300 MW, include three projects to exploit wind energy and two projects to exploit solar energy.

  • Germany's center-left government has announced relief measures worth almost 100 billion euros to tackle inflation, but small businesses have so...

    The war has sent energy prices spiraling across Europe, but especially in Germany, which was previously heavily dependent on Russian gas

    Many bakeries in Germany have already gone under as a result of recent cost increases, with others staging protests to demand urgent help from the government

  • The toll has repeatedly ratcheted higher since the first bodies were found on Thursday. The United Nations High Commissioner for...

    At least 14 survivors were recovering in hospitals in Syria, while six others were discharged

    Since 2020, Lebanon has seen a spike in the number of migrants using its shores to attempt the perilous crossing in jam-packed boats to reach Europe

  • TotalEnergies to invest $1.5bn in natural gas production.

    Qatar Energy and TotalEnergies as partners will together work for the development of the North Field South gas project.

    TotalEnergies will have 9.3 percent of the North Field South project, Qatar Energy Minister said, for which 25 percent will be reserved for foreign energy firms.

  • More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's...

    Recent technology developments and policy actions suggest momentum is accelerating in some important regions and sectors to achieve net zero by 2050.

    Initial estimates point to 2022 being a record year for renewable electricity capacity additions, with an increase of about 340 gigawatts.

  • Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the...

    Dubai had launched an in-depth study that showed how the Emirate can achieve carbon neutrality (net zero emissions) by 2050.

    The Dubai Net Zero Carbon Emissions Strategy 2050 aim to provide 100 percent energy from clean energy sources by 2050.

  • Falling for the fourth straight session, Wall Street stocks finished lower on Friday as markets bet on the rising risk...

    The Dow Jones Industrial Average tumbled 1.6 percent to 29,590.41, its lowest closing value since November 2020

    The drop came after the Federal Reserve Wednesday enacted a third straight interest rate increase of 0.75 percentage point

  • Key attractions in the UAE include economy, secure environment, rewarding salary packages, a wide range of job opportunities, and the...

    The top five attractions in the UAE are growing economy, secure environment, rewarding salary packages, a wide range of job opportunities, and the wise leadership, says a survey

    Young Arabs living in the country agree that the UAE is the ideal place for them to live and work, citing its benefits, diversity of opportunities, and flexibility in the laws

  • France's national broadcaster said Friday it would begin broadcasting a "power map" to  viewers, showing demand for electricity around the...

    Under a deal signed with the main operator of the country's power grid, France Televisions will begin showing a real-time map called Ecowatt on its channels.

    During periods of worryingly high demand -- which will be coloured in red -- viewers will be encouraged to reduce their power consumption or avoid drawing on the grid at peak hours