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
  • World food prices dipped in May for a second consecutive month after hitting a record high in March, although the...

    FAO says world food prices dipped in May for a second consecutive month although the cost of cereals and meat rose

    Global cereal production would drop in the 2022-23 season for the first time in four years, says FAO

  • Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted.

    Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted

    Al-Ghanim said the Kuwaiti delegation responded to many questions on issues like human rights and women empowerment

  • Less than a week after the signing of the Industrial partnership for Sustainable Economic Growth, ministers from the UAE, Egypt...

    The Ministers discussed time frames for implementing the initiatives and how their performance can be measured

    The members approved the appointment of Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, as Secretary-General of the tripartite higher committe

  • The Barakah Plant will help in the decarbonization of the power sector in the UAE and the Arab World

    ENEC, KEPCO discussed prospects for future cooperation and exploring the opportunities available in the nuclear energy sector

    The overall completion rate of the Barakah Plant is now over 97 percent and the first and second units are producing electricity

  • About 25% of ransomware data theft attacks in the GCC are reported from the UAE followed by Saudi Arabia (15.5%),...

    Home networks in the UAE were a magnet for cybercriminals who targeted systems, devices, and networks

    Saudi Arabia's Wired Telecommunications Carriers and Other telecommunications sectors ranked as the most targeted industries within the country

  • Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate...

    Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good

    According to Chainalysis, the Middle East is one of the fastest-growing cryptocurrency markets in the world, making up seven per cent of global trading volumes

  • Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday,...

    The central bank refused again last week to raise its main rate, keeping it at 14 percent.

    Transport prices jumped by 107.6 percent in May while food was up by 91.6 percent.

  • Restaurants and hotels that were decimated due to Covid-19 showed a strong recovery in May, adding 84,000 positions, the data...

    The jobless rate held steady at 3.6 percent for the third consecutive month

    Employers have struggled to fill open positions, which has pushed wages higher

  • The UAE succeeded in attracting more than $20.7 billion of Foreign Direct Investment (FDI) in 2021, which reflects the confidence...

    Minister of Economy Abdullah bin Touq Al Marri said the UAE ranked first in the MENA region and 15th globally on AT Kearney's FDI Confidence Index 2021.

    UAE FDIs in Kyrgyzstan amounted to $12 million, making Emiratis among the top 20 foreign investor groups in the country.

  • UAE economy to improve in 2022 as the country's financial reserves reflect solid growth, a strong financial system and resilient...

    The UAE in 2022 is keen on increasing the competitiveness of the private sector, said the Economic Advisor, Ministry of Economy.

    The UAE government launched an economic stimulus package of AED 388 billion, said a senior official of the Ministry of Economy.