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
  • A delegation of 50 Iranian businessmen travelled to Oman last week, with Iran's minister for roads and urban development announcing...

    Both the countries signed 12 memoranda of understanding including in the fields of oil and gas.

    Oman is seeking to import gas from Iran by building an offshore pipeline between the two countries.

  • Saudi Arabia's main airline will next month start operating weekly international flights from the kingdom's planned futuristic megacity known as...

    The $500 billion Red Sea project is part of de facto ruler Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify Saudi Arabia's oil-dependent economy

    It has been billed as a futuristic cityscape evocative of a sci-fi blockbuster with everything from flying taxis to robot maids

  • Global environmental, social, and governance assets are expected to hit $41 trillion by the end of this year, and $50...

    PIF is developing its ESG strategy due to its broader long term strategy aimed at achieving net zero emissions in the country by 2060.

    The PIF governor also revealed that Saudi Arabia has launched seven solar and wind projects that could power 600,000 households.

  • The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success...

    The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success to traffic campaigns

    He explained that the "Be careful and drive with caution" campaign, which was launched in February 2022, showed a decrease in the road fatality rate

  • "The US and Japan, together with 11 other nations will be launching" the Indo-Pacific Economic Framework for Prosperity, Biden said...

    Joe Biden will make a formal rollout of IPEF later Monday with 13 countries joining the initiative which aims to offer US allies an alternative to China in Asia-Pacific

    China has criticized IPEF as an attempt to create a closed club. Biden's national security advisor rejected the claim saying that, "it is an open platform"

  • Russia's war in Ukraine has pushed the number of forcibly displaced people around the world above 100 million for the...

    UNHCR said the numbers of forcibly displaced people rose towards 90 million by the end of 2021

    The figures combine refugees, asylum-seekers, as well as more than 50 million people displaced inside their own countries

  • Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and...

    Beside UAE, the other GCC countries that have sent delegations to the World Economic Forum include Saudi Arabia, Bahrain and Qatar to put their perspectives on contemporary issues.

    The forum’s first in-person Annual Meeting in more than two years is being attended by the world’s top leaders from politics, business, civil society, academia, media and the arts.

  • The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...

    Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.

    He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.

  • Under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...

    Ahmad Belhoul Al Falasi has been appointed as the UAE's Minister of Education

    The new structure in the education sector includes the Education and Human Resources Council, Federal Authority for Quality of Education and Ministry of Education

  • Iraq's financial reserves are expected to reach $40 billion in case the current fiscal year ends without enacting a budget...

    Mazhar Muhammad Salih, advisor to Prime Minister, said the caretaker government will work hard to support Iraq's food security.

    Salih added that the annual government spending in the general budget constitutes nearly half of the gross domestic product.