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
  • Turkish President Recep Tayyip Erdogan met with Saudi Arabia's crown prince on Thursday to "develop" relations during his visit to...

    The pair "reviewed the Saudi-Turkish relations and ways to develop them in all fields," SPA reported

    Pictures published by Turkish state media also showed a separate sit-down with King Salman, the crown prince's father.

  • Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked...

    Authorities in Southeast Asia's most populous country fear the scarcity and rising costs could provoke social tensions

    The embargo would include all exports of the oilseed and not only products intended for edible oils

  • “At the very least,’ Tunisia needs to go ahead with parliamentary elections promised by the end of the year, a...

    Tunisia has been seeking a loan package from the IMF, in which the US is the largest stakeholder

    The country is currently coping with an economic crisis aggravated by the Covid-19 pandemic

  • Authorities concerned say that since 2020, requests for passport renewals have been ten times higher than in previous years.

    Grappling with its worst-ever financial crisis, Lebanon has undergone a massive population exodus that is only worsening as politicians fail to chart a path towards recovery.

    According to an Arab Barometer survey published this month, around half of Lebanon's population is looking to exit the country.

  • With a capital of approximately AED370 million, the Fund aims to drive Dubai’s economic growth and fortify its position as...

    With a capital of approximately AED370 million, the Fund aims to drive Dubai’s economic growth and fortify its position as a global hub for financial technology

    The Fund is set to contribute around AED3 billion to the emirate’s GDP during the implementation period, which will run for eight years

  • The Central Bank of the UAE said that total bank deposits increased by 0.3 percent, climbing from AED 1,982.4 billion...

    The bank said the rise in total bank deposits was due to growth in Resident Deposits by 0.5 percent, overshadowing the reduction in Non-Resident Deposits by 1.4 percent.

    The Money Supply aggregate M1 increased by 0.8 percent, from AED 706.5 billion at the end of January 2022 to AED 712.1 billion at the end of February 2022.

  • The company recorded sales of SAR 8.9 billion, up by 64%.

    The company recorded sales of SAR 8.9 billion, up by 64 per cent from the same quarter last year

    EBITDA stood at SAR 4.4 billion, up by 101 per cent compared to the same quarter of 2021

  • DFZ Council chairman Sheikh Ahmed underlined the significance of facilitating the investor journey role in strengthening the UAE’s position as...

    DFZ Council chairman Sheikh Ahmed underlined the significance of facilitating the investor journey role in strengthening the UAE’s position as a preferred investment destination

    The Council also explored a new phase of the Invest in Dubai platform that adds 80 new services, including electronic connectivity through a single portal

  • Legal and business leaders tell TRENDS that the new legislation is in line with the industrial modernization roadmap that the...

    The changes in the new labor law are fairly substantial and necessitate amendments to existing employment contracts

    They also call for modifications to policies and procedures concerning future agreements with new employees

  • The UAE and Turkey are in final talks regarding the launch of a comprehensive economic partnership agreement, according to the...

    The new partnership is expected to double bilateral trade between both countries.

    Bilateral trade between the UAE and Turkey has climbed 80 percent over the past three years.