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

  • Lebanon and the IMF reached a conditional agreement on the loan in April to help the country stem its economic...

    The IMF conditioned the funds on a series of measures, notably parliament approving a 2022 budget and a reformed bank secrecy law as well as restructuring the banking sector.

    Lebanese have grown increasingly desperate after nearly three years of economic meltdown, with at least seven people storming their own banks last week to withdraw frozen savings.

  • Equities around the world have been clattered by fears of a recession in major economies as central banks ramp up...

    In Washington, the Fed is due to conclude its latest policy meeting, with most analysts predicting it will announce another 75 basis-point lift.

    Fed officials have for months stuck to the mantra that they will only ease up on their hawkish drive when inflation comes down and remains subdued.

  • This is a widespread corporate practice researchers call "redirecting responsibility" in which individual behavior, rather than the actions of governments...

    Entitled "Three Shades of Green(washing)," the report released during New York's Climate Week found that only one in five "green" car ads actually present a product for sale

    Silvia Pastorelli, a Greenpeace campaigner, said in a statement that the report highlighted techniques that had been "hiding in plain sight."

  • The tour came within the framework of the kingdom’s efforts to promote tourism destinations, attract tourists from the region and...

    The tour came within the framework of the kingdom’s efforts to promote tourism destinations, attract tourists from the region and regional markets

    Earlier, Saudi Arabia passed a new tourism law which is expected to accelerate the development of an internationally competitive tourism sector

  • The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues.

    The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues

    Prime minister Mikati thanked Blinken for his support and the opportunity to talk about Lebanon’s problems.

  • The centre’s data showed that non-oil GDP at constant prices grew by 5.8 percent to $0.33 trillion in 2021, compared...

    The centre’s data showed that non-oil GDP at constant prices grew by 5.8 percent to $0.33 trillion in 2021, compared to around $0.27 trillion in 2020

    According to the FCSC, the contribution of extractive industries, such as crude oil and natural gas, to GDP at fixed prices fell from 28.7 percent in 2020 to 27.4 percent in 2021

  • Health remains key focus as the UAE capital leads global bid to combat the pandemic, as evidenced by its role...

    Health remains key focus as the UAE capital leads global bid to combat the pandemic, as evidenced by its role in clinical trials for COVID-19 vaccines and therapeutic innovations

    Abu Dhabi has been again named the world's top pandemic-resilient city in 2022 in appreciation of its sophisticated and robust healthcare infrastructure, commitment and leadership

  • China's growth forecast for 2022 was reduced to 3.3 percent from 5.0 percent, as Beijing pursues a zero-Covid strategy that...

    ADB chief economist Albert Park warned "risks loom large" for the region's outlook and urged governments to remain "vigilant."

    The bank also raised its inflation forecast to 4.5 percent from 3.7 percent, as Russia's invasion of Ukraine and supply chain disruptions drive up food and energy prices

  • Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in...

    Air passenger numbers are expected to exceed 80 percent of pre-pandemic levels this year.

    The surge would be driven by strong pent-up demand, eased travel restrictions, and growing employment rates.

  • New York, USA - UAE, France and India have discussed the need for enhancing global cooperation to counter energy and...

    Foreign ministers of the three countries reviewed it as they met on the sidelines of UNGA's 77th session.

    The three ministers discussed enhancing global cooperation in facing issues like energy and food security.