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 agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019,...

    The positive growth in the sector has been attributed to the strategies implemented by the kingdom's government corresponding with Vision 2030

    The sector’s contribution to the gross domestic product in general amounted to 2.3 percent last year, while the contribution of agricultural output to non-oil GDP was 3.6 percent

  • Bahrain has posted a budget surplus of $88 million in the first half of 2022, from a deficit of $1.38...

    Actual revenues collected increased by 52 percent compared to the same period in 2021.The kingdom had reported a deficit of $1.38 billion a year earlier.

    Actual expenses amounted to $4.4 billion, an increase at a rate of only 2 percent compared to the same period in 2021.

  • Saudi Arabia’s inflation rose to 2.7 percent in July 2022 compared to June, according to the General Authority for Statistics...

    Cost-of-living index for July rose to 107.20 points, according to base year 2018, compared to 104.41 points in July.

    The Increase in consumer price index (CPI) was driven by a 3.9 percent year-on-year rise in the food and beverage prices.

  • Governor of the Central Bank of Jordan (CBJ) Adel Sharkas said that terror financing is a threat to national economies,...

    Governor of the Central Bank of Jordan said that terror financing is a threat to national economies

    The CBJ Governor said the Kingdom is committed to combating money laundering and terror financing

  • The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...

    Jordan Integrity and Anti-Corruption Commission launches National Integrity Index to gauge public bodies adherence to anti-corruption standards

    The NII aims to support the commission's efforts to combat corruption and foster an anti-corruption public culture

  • The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...

    The Museum of the Future with Dubai Electricity and Water Authority will showcase solutions for sustainability and renewable energy

    The agreement between the two organizations aims for constructive research that helps solve today’s ecological challenges

  • The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152...

    Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days.

    The expected return on the issue, which begins on 17 August and matures on 16 November, is 3.80 percent compared to 3.96 percent of the previous issue on 13 July.

  • Dubai Financial Market (DFM) said Monday that it has obtained the approval of the Securities and Commodities Authority (SCA) to...

    Securities and Commodities Authority approves DFM to allow such firms to become DFM derivative members and provide their services in the market for the first time.

    Currently, there are approximately 21 DGCX brokers licensed by SCA and this significant step caters to the growing demand from these companies to access the DFM.

  • Saudi Arabia’s Real Estate Development Fund has signed more than 58,000 financing contracts for the kingdom’s various housing support programs...

    One of the goals of kingdom's transformative Vision 2030 is to raise the percentage of house ownership to 70 percent,

    The number of the beneficiaries of housing support programs from June 2017-June 2022 is more than 660,000.

  • Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery...

    Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand

    Crude prices which had gained following Russia’s invasion of Ukraine have declined over the last couple of months on fears of a possible economic recession