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

  • The hospital will help tackle chronic disease and reduce mortality rates and also alleviate overcrowding in other hospitals of the...

    The agreement was signed by SFD CEO Sultan Al-Marshad, and the Cameroonian Minister of Economy, Planning, and Regional Development, Alamine Ousmane Mey

    The agreement will help to build and equip the hospital with 200 beds and develop specialized medical departments, centers, and buildings

  • Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as...

    Governments face difficult decisions with rising gas and electricity bills and scarce resources threatening to cause widespread suffering this winter

    One of the countries reconsidering nuclear energy is Japan, where the 2011 accident led to the suspension of many nuclear reactors over safety fears

  • Addressing the annual gathering of central bankers in Jackson Hole, Wyoming, Powell did not hold back or leave room for...

    The Fed this year launched an aggressive campaign to raise interest rates and Powell made it clear that the fight against inflation is not over

    Powell doused hopes of a policy pivot, making it clear that Fed policy and the benchmark borrowing rate would have to remain "sufficiently restrictive."

  • The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) signed a collaboration agreement with the Khalifa Centre for Genetic Engineering...

    The program aims at applying the best international practices related to agricultural genetic research.

    It aims to develop local spices of plant, animal and fish, to improve agricultural production and address the emirate's climatic and environmental challenges.

  • Stock slumped on Friday after Federal Reserve boss Jerome Powell pledged to act "forcefully" against soaring inflation in a battle...

    Modest signs of slowing in the world's largest economy, easing price pressures spurred hope in financial markets the central bank might ease up on its interest rate hikes.

    Powell made it clear that Fed policy and the benchmark borrowing rate would have to remain "sufficiently restrictive" to return inflation to its two percent target.

  • Dubai Electricity and Water Authority (DEWA) has organized a virtual seminar with 90 leading Turkish companies in the energy and...

    DEWA has a clear strategy and specific goals to increase the share of clean and renewable energy in Dubai’s energy mix

    The company has launched pioneering projects and initiatives to diversify clean energy sources

  • German ministers vowed to reexamine a planned gas surcharge imposed on consumers after it emerged that some energy companies seeking...

    The levy, to be imposed from October 1, had been grudgingly accepted as a compromise to help prevent the energy market from collapsing.

    The levy sparked outrage after it emerged that some energy firms which have doubled their revenues in H1 2022, have registered to receive a share.

  • Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns...

    The value of Ankara's trade with Moscow shot up by nearly 50 percent between May and July this year as NATO member Turkey has refused to join the international sanctions.

    US Deputy Secretary of the Treasury had warned Turkish banks and companies they would face secondary sanctions if they cooperated with sanctioned Russians.

  • During the COVID-19 crisis, the bank set a maximum limit of cash deposits as part of measures to face its...

    During the COVID-19 crisis, the bank set a maximum limit of cash deposits as part of measures to face its global economic impact

    The bank decided to increase the maximum limit of cash withdrawals in banks from $2605 to to $7,814

  • The eighth Tokyo International Conference on African Development (TICAD8) comes against the backdrop of China's rising influence, cemented on the...

    It is the first TICAD held every three years either in Japan or an African country since the pandemic began

    Alongside the summit, businesspeople will attend an economic conference while various parallel events and workshops will address civil society and women's inclusion