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 port operator will develop a virtual trade corridor between the two countries.

    AD Ports Group’s digital arm, Maqta Gateway, will develop the new virtual trade corridor based upon its Advanced Trade & Logistics Platform.

    The MoU will also provide for accelerated procedures for expediting shipments of perishable goods, reducing dwell time at borders.

  • UAE’s Ministry of Finance will organize a series of specialized dialogue sessions on the sidelines of the World Government Summit...

    This year’s summit themed ‘Shaping the Future of Governments’ will be held on March 29 and 30, coinciding with the closing of Expo 2020 Dubai.

    The summit will also launch 20 in-depth knowledge reports that outline key topics on global governments’ agendas in cooperation with prominent global research institutions.

  • The UAE is going to invest some $2 billion in Egypt by buying up the state-owned companies in order to...

    The world’s largest wheat importer has been hit hard by record grain prices that were fueled by the Russia-Ukraine war

    The decision came during a rare meeting between leaders of Egypt, the UAE and Israel to discuss energy and food security

  • The Ministry of Energy and Mineral Resources and the United States Agency for International Development (USAID) in Jordan have launched...

    The project seeks to achieve financial sustainability of Jordan's electricity sector, strengthen the sector's regulatory frameworks and improve its services in oil and gas markets.

    The project valued at $40 million will be implemented over a five-year period, citing a statement from the Energy Ministry.

  • The Lebanese pound has lost more than 90 percent of its value on the black market, more than 80 percent...

    Imported red meat price has been increased five times in Lebanon which is more than the monthly minimum wage of 675,000 Lebanese pounds ($33)

    Increasing transport costs has forced Lebanon to import 40 containers of frozen meat which used to import more than 70 containers every month

  • According to a professor at Ghent Institute, the pandemic did not bring radical changes in terms of reshoring but the...

    The Ukraine crisis has highlighted Europe's and especially Germany's heavy dependence on gas supplies from Russia

    The US warned China that if it provided material support to Russia against Ukraine, it would would face 'consequences'

  • Central Elections Commission chief Hanna Nasser said a number of candidates had been arrested for political reasons.

    Saturday's second round of vote in West Bank was held in 50 towns; the first round in December covered 154 villages

    Because of the constant delay, Presidential elections have not been held for 15 years in Palestine

  • The move comes two weeks after the country lifted all Covid-19-related entry restrictions.

    Citizens of any country can now receive a 12-month tourism visa on arrival in Saudi Arabia without needing to apply in advance

    However, they will have to hold one of the three visas, and travel on one of the country’s national carriers: Saudia, Flynas, or Flyadeal

  • For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as...

    The proceeds of IPOs from Riyadh to Abu Dhabi have totaled $4.8 billion since the beginning of 2022

    Saudi Arabia has the busiest stock market in the Middle East in terms of IPO activity

  • S&P has revised its outlook for Saudi Arabia from a stable to positive in the light of the recovery of...

    The positive outlook reflects the improved GDP growth and public finances in the medium term, linked to the Kingdom’s recovery from the COVID-19 pandemic impact

    The agency also expected that the Kingdom, in the medium term, will continue its policy to drive growth in the non-oil sectors through planned economic diversification