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 United States saw another strong month of hiring in April, with the economy adding a better-than-expected 428,000 jobs and...

    Major industries including leisure and hospitality, manufacturing and transportation added positions last month, the Labor Department reported

    With the US economy facing its highest inflation level in decades, the data showed the pace of average hourly wage growth slowing last month

  • ECB interest rates could be back in positive territory by year's end, the head of the French central bank said...

    Any hike would be the ECB's first in over a decade and would lift rates from their current low levels

    But pulling the trigger too soon risks hurting growth at a sensitive time for the European economy because of the war in Ukraine

  • The Central Bank of Jordan (CBJ) on Thursday decided to increase the interest rate on its various monetary policy instruments...

    The bank also decided to extend the bank’s refinancing program that targets 10 sectors of economy.

    It decided to keep the refinancing programs’ interest rates unchanged to stand at 1 per cent for projects located in Amman and 0.5 per cent for projects in other governorates.

  • Jordan witnessed active tourist movement during the vacation, Ministry of Tourism and Antiquities spokesperson Ahmad al-Rifae said.

    Jordan witnessed active tourist movement during the vacation, Ministry of Tourism and Antiquities spokesperson Ahmad al-Rifae said.

    The country prepared shift programs in archaeological and public sites, and provided services to tourists and visitors during their stay

  • German sportswear giant was hurt by China lockdowns.

    The group's net profit from its continuing operations fell to 310 million euros, from 502 million euros in the same quarter last year

    The setback was accompanied by a three-percent drop in sales across the board, the group said in a statement

  • Turkey is experiencing the highest inflation among major emerging markets and industrialized G20 economies.

    The inflation rate rose from 61.1 percent in March

    On a monthly basis, prices rose by 7.25 percent

  • Mass testing of China's vast population could bring fresh misery to the economy, experts warned Friday, after Beijing vowed to...

    Authorities have refused to bend to mounting public outcry at food shortages and spartan quarantine conditions

    China's government has brandished the strategy as proof that it values human life above material concerns

  • Expatriates began voting at 7 am (0500 GMT) Beirut time on Friday in nine Arab countries and in Iran, while...

    This is the second time in the country's history that citizens residing abroad are able to vote for their 128 representatives

    The elections are the first since protesters took to the streets in 2019 against the ruling elite, blamed for its economic collapse

  • Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the...

    Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the US met the president and COO of Omnicom Media Group Daryl Simm

    The meeting also included several specialized technological companies in the fields of FinTech, software, and administrating alternative investments

  • Ongoing loan restructurings and the gradual withdrawal of pandemic-related support packages may put further pressure on asset quality. However, the...

    In November 2021, Saudi Central Bank (SAMA) Governor Fahd Al-Mubarak reportedly said that the Kingdom is going to license more digital banks.

    UAE’s Emirates NBD, Mashreq and Commercial Bank of Dubai were among the first to offer digital-only services.