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 Paris-based agency cautioned that the global economic recovery could be derailed unless governments take measures to reduce consumption and...

    The IEA now expects oil demand to rise this year to 99.2 million barrels per day (mbd) and to 101.3 mbd next year.

    Meanwhile, supply climbs to 100.1 mbd this year. But even if it hits an expected record of 101.1 mbd next year, it will fall below demand.

  • Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...

    Its latest such move had been in late June, when the NOC said Libya had foregone some $3.5 billion due to a blockade of eastern oil facilities since mid-April.

    The blockade on the oil facilities was enforced by groups demanding Dbeibah's departure and a handover to the rival administration of Fathi Bashagha.

  • Confidence in the positive short-term economic outlook increased despite the current decline in the Purchasing Managers' Index, the MOMR noted.

    Confidence in the positive short-term economic outlook increased despite the current decline in the Purchasing Managers' Index, the MOMR noted

    The June PMI declined to 54.8 from 55.6 in the prior month, marking the 19th-straight month of growth in non-oil private economic activities, the report added

  • Sri Lanka's embattled president flew out of his country to the Maldives early Wednesday, in a probable prelude to his...

    Gotabaya Rajapaksa had promised at the weekend to resign on Wednesday and clear the way for a "peaceful transition of power" after fleeing his official residence in Colombo

    Rajapaksa is accused of mismanaging the economy to a point where the country has run out of foreign exchange to finance even the most essential imports

  • The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut...

    The European single currency hit exactly one dollar -- its lowest level since December 2002 -- before bouncing back somewhat

    But Wall Street stocks weakened as the session progressed, as investors nervously await Wednesday's consumer price report

  • The four-way meeting in Istanbul comes with Russia's invasion of Ukraine showing no sign of abating.

    The four-way meeting in Istanbul comes with Russia's invasion of Ukraine showing no sign of abating

    Ukraine is a vital exporter of wheat and grains such as barley and maize and supplies nearly half of all the sunflower oil traded on global markets

  • Brent oil futures closed Tuesday under $100 a barrel for the first time in three months as recession worries cloud...

    The US benchmark, West Texas Intermediate, fell 7.9 percent to finish at $95.84 a barrel

    The drop in the currency market is "raising concerns that Europe is going into recession

  • Closing gender gaps remains a critical driver of national prosperity. Countries that invest in all of their human capital and...

    At 63.4%, Middle East and North Africa have the second-largest gender gap yet to close, with the UAE, Israel and Lebanon being the highest performing countries

    After a big COVID hit, the gender gap hasn’t bounced back across the globe, according to the World Economic Forum’s Global Gender Gap Report 2022

  • The Gulf countries have taken several measures to increase the local employment, especially in UAE and Saudi Arabia. This week's...

    The Gulf countries have taken several measures to increase the employment, especially in the UAE and KSA. This week's TRENDS Infographic looks at job situation in the region

    The measures have led to an increase in employment in most of the GCC countries, but the Ukraine-Russia crisis, global economic turbulence and Covid-19 may pose challenges

  • The region is better placed to deal with global slowdown as oil and gas prices will stay high due to...

    The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS

    Regional GDP growth is expected to be +2.7 percent in 2023 in an 'adverse scenario', slightly lower than the +3.1 percent expected in the baseline scenario, Claus adds