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

  • A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23,...

    A total of 243 plots were sold for $351 million (AED1.29 billion) in Dubai.

    A total of 1,659 apartments and villas were purchased for $955 million (AED3.51 billion).

  • Stock markets tumbled, the pound crashed against the dollar and oil prices slumped on growing recession fears after central banks...

    In the eurozone, recession fears deepened as data showed its economic activity fell once again in September.

    Traders were keeping a close eye also on developments following the Japanese finance ministry's intervention to support the yen.

  • UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei said that the start-up of Unit 3 of Barakah...

    The nuclear plant plays a key role in promoting the transition to safe and environmentally friendly energy sources.

    Several countries began to focus on developing nuclear power to meet the challenges of energy security and climate change.

  • At least 61 migrants drowned when a boat they boarded in Lebanon sank off Syria's coast, a Lebanese minister said,...

    Caretaker transport minister of Lebanon said over 100 people, mostly Lebanese and Syrians, were on board the small boat.

    Syrian authorities had said around 150 passengers were on board.

  • Qatar has dozens of online influencers on topics ranging from "modest" but expensive fashion, to the latest sports car being...

    The 38-year-old has become a social media hit by partially lifting the veil over the tiny but mega-rich Gulf state

    Haroon's cheerful #QTip videos broach everything from saying "Hello" in Arabic to the right way for men to wear the flowing ghutra headdress

  • The Central Bank of Egypt also decided to increase the required reserve ratio to 18 percent from 14 percent

    The Central Bank of Egypt also decided to increase the required reserve ratio to 18 percent from 14 percent

    The CBE remains committed to achieving stable levels of inflation over the medium term which is a requisite condition towards sustainable economic growth

  • South Africa inked the first three of a series of agreements with independent producers to supply wind energy amid worsening...

    The coal-dependent country picked 25 wind and solar projects to generate a total of 2,583 megawatts.

    Official data earlier this month confirmed that GDP of South Africa shrank partly owing to the energy crisis.

  • The figure was equivalent to five times Ukraine's annual GDP before the invasion in February, Oleg Ustenko, economic advisor to...

    In terms of "direct and indirect costs" Ukraine had suffered "somewhere close to $1 trillion" in damages, said the official.

    The official previously estimated the damage caused by Russian forces in the first 14 days of war totaled around $100 billion.

  • Britain lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.

    Fracking is carried out by blasting a mixture of water, sand and chemicals underground to release shale oil and gas.

    But environmentalists argue that the process contaminates water supplies, hurts wildlife, causes earthquakes and contributes to global climate change.

  • The value of non-oil exports from the UAE to Saudi Arabia over the past ten years was around AED205.5 billion,...

    By end of 2012, the value of non oil trade between the two countries was AED 64.8 billion ($17.65bn)

    The trade exchange between the two countries in the first half of 2022 totaled AED65.7 billion ($17.9bn)