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 two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.

    Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices

    In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes

  • Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North...

    OPEC member Nigeria has huge gas resources - the largest proven reserves in Africa and the seventh largest globally

    Fellow OPEC member Algeria, Africa's largest gas exporter, said recently it was ready to supply Europe with more gas

  • Lebanese deputy prime minister Saadeh Al-Shami has said that during his meetings last week with World Bank and IMF officials,...

    Saadeh Al-Shami held meetings with IMF, World Bank and European Union officials last week.

    IMF director Kristalina Georgieva showed great interest in the Lebanese situation and her willingness to help Lebanon out of its severe crisis during her meeting with Al-Shami.

  • Asian and European markets fell in holiday-thinned trade Monday following another tech-led rout on Wall Street, with focus on the...

    Trading floors around the world have been buffeted for months by a perfect storm of crises including China's lockdowns, surging inflation, Fed plans to hike rates

    However, with some commentators warning rates could go as high as three percent, there are also worries the Fed could be too heavy-handed and tip the US economy into recession

  • From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...

    Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years

    This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand

  • Police and protesters clashed in Turkey and France during May Day rallies on Sunday, as tens of thousands marched across...

    European rallies sparked the most controversy with Turkish protesters gathering at Istanbul's Taksim Square, an area synonymous with anti-government protests

    City officials said the group refused to disperse and 164 were detained, with government-approved rallies elsewhere in Turkey passing off peacefully

  • The EU will propose a phased-out ban on Russian oil imports as part of a fresh round of sanctions against...

    EU foreign policy chief said Russia's continued attacks in Ukraine make new sanctions "absolutely essential”

    Earlier, European commission banned coal imports from Russia, but Poland and the Baltic states called for an oil embargo as well

  • The unprecedented income came as the Suez Canal in March increased transit fees for ships passing through the waterway.

    The unprecedented income came as the Suez Canal in March increased transit fees for ships passing through the waterway.

    Adm. Ossama Rabei, head of the Suez Canal Authority, said in a statement that 1,929 vessels sailed through the Canal in April

  • A proposal by the UN agency for Palestinian refugees to delegate some services to other United Nations agencies has sparked...

    The agency has long been a target of Israeli criticism, with accusations it has fuelled the conflict in part by teaching anti-Zionist messages at its schools

    The agency tasked with assisting Palestinians who were forced from their homes during the war surrounding Israel's creation has faced a funding crunch for years

  • The growth was fueled by oil activities that increased by 20.4 percent. Non-oil activities saw a rise of 3.7 percent,...

    The growth was fueled by oil activities that increased by 20.4 percent and non-oil activities which saw a rise of 3.7 percent

    The figures showed that the seasonally adjusted real GDP grew by 2.2 percent in the first quarter of 2022 compared to the previous year