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

  • Manama, Bahrain—Bahrain’s latest government treasury bills, valued at Bahrain Dinar 70 million ($185 million), have been oversubscribed by 216 percent....

    The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government.

    The issue date of the bills is 21 September 2022 and the maturity date is 21 December 2022.

  • With recent data showing US inflation rooted at four-decade highs, investors are increasingly pessimistic about the outlook for the global...

    Several central banks are due to make rate announcements this week, with Japan and Britain among the biggest, although the main event is Wednesday's Fed decision.

    Policymakers, including Fed boss Jerome Powell, have repeatedly said their ultimate aim is to bring inflation under control, even if that means sending the economy into recession.

  • The UAE finance ministry's Financial Restructuring Committee (FRC) recently held the second meeting of its Consultative Council.

    The meeting discussed the development of the financial reorganization service.

    It deliberated on the best ways to communicate relevant information about financial restructuring procedures.

  • With four out of five Lebanese now considered poor according to the United Nations, the country has been desperately seeking...

    For decades, the Lebanese pound was pegged at 1,500 to the dollar, meaning that it has lost around 95 percent of its value since 2019

    Unable to transfer or withdraw their dollar deposits, many have resorted to desperate bank heists to free their money

  • Iran wants billions of dollars in US assets to be unfrozen and returned to it, while the US says money...

    The case before the International Court of Justice comes as hopes fade of reviving a landmark deal which former US president Donald Trump withdrew from in 2018

    In 2008, US announced that it was pulling out of the Treaty of Amity after the ICJ in a separate case ordered Washington to lift sanctions on Iran

  • Adoption of metaverse technologies is part of the UAE government's strategy to diversify its economy away from oil as the...

    Adoption of metaverse technologies is part of the UAE government's strategy to diversify its economy away from oil as the country focuses on innovation and talent development

    The Higher Committee for Future Technology and Digital Economy is set to make Dubai a leading hub for developing and using metaverse technologies worldwide

  • Riyadh, Saudi Arabia— The National Development Fund (NDF) of Saudi Arabia has since March 2020 financed SAR28 billion ($7.45 billion)...

     Initiatives from the Social Development Bank and Kafalah Program were introduced to finance small and emerging enterprises specialized in health care and education.

    The Fund launched an initiative to postpone outstanding debts and restructure the soft loans for 33 developing countries worldwide to ease their burden.

  • The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.

    Hosted by UAE Ministry of Industry and Advanced Technology (MoIAT), the ISO Annual Meeting 2022 runs from September 19 to 23.

    The event will witness the participation of over 2,000 delegates physically and virtually.

  • UAE Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen...

    UAE Ministry of Health and Mediclinic Middle East will cooperate in exchange of expertise and enhancing health research.

    Both entities will cooperate in organizing scientific conferences, training programs related to health research in the country.

  • MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified...

    Speaker of Utah House of Representatives Brad Wilson led the delegation to the UAE.

    The delegation want to learn about DEWA’s innovative development projects in the water, renewable and clean energy sectors.