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

  • Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies...

    The program will support the growth of impact-driven businesses that align with the United Nations Sustainable Development Goals.

    The program is a part of the DMCC’s wider Environmental Social Governance strategy

  • Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.

    Country risk assessment is the process of determining a nation's ability to transfer payments.

    It takes into account political, economic and social factors. It is used to help organizations make strategic decisions when conducting business in a country with excessive risk. 

  • European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU...

    Electric power can't be stockpiled, unlike natural gas, so production and use must constantly be balanced.

    In the EU, electricity pricing is determined by the cost of the last energy source employed to respond to demand - often a gas-fired power plant

  • Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and...

    Dubai Electricity and Water Authority has been ranked the third fastest growing brand in the UAE

    The report said that the remarkable success of DEWA's IPO in H1 2022 was also due to the strength of the utility's brand

  • The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20...

    Prince Alwaleed bin Talal Al Saud, the founder of Kingdom Holding, a conglomerate with stakes in hotels, real estate and equities, is the only Arab billionaire among the top 100.

    Egyptian tycoon Nassef Sawiris (net worth $7.06 bn), MA Yusuff Ali (UAE, $5.87bn) and Muhammed Al Amoudi (Saudi Arabia, $5.78 bn) are the other Arabs in the list of 500.

  • Economists have widely predicted that China will fail to meet its 5.5 percent GDP growth target, blaming record youth unemployment,...

    China's economy has also been battered by the two-month lockdown of Shanghai, a nationwide mortgage boycott, and a severe drought and heatwave

    The grim economic outlook underscores the difficulty of balancing economic growth with the country's strict zero-Covid policy

  • The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods

    The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods

    The move follows the order of the UAE president Sheikh Mohamed bin Zayed Al Nahyan to provide all forms of support to Pakistan

  • The rains that began in June have unleashed the worst flooding in more than a decade, washing away swathes of...

    In the south and west, dry land is limited, with displaced people crammed onto elevated highways and railroad tracks to escape the flooded plains

    Pakistani officials have blamed climate change, which is increasing the frequency and intensity of extreme weather around the world

  • The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

    The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

    Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts

  • The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase...

    The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive

    The pledge forms the basis of future collaborations between the private sector, non-governmental organizations (NGO) and international organizations.