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 Jeddah-based pharma retailer plans to float 30 percent of its capital.

    The Jeddah-based pharma retailer made revenues of SR8.6 billion ($2.3billion) during the year

    Nahdi currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE

  • Digital economy has driven the startup investment upsurge in the MENA region in 2021.

    In 2021, more than 50 per cent of the world’s private investment funding went to startups in the United States.

    The other four top countries with the most private funds invested are China, the UK, India and Germany.

  • The Ministry of Energy and Water has said the two dams have so far cost $90 million, and not the...

    The expenditure on the Msailha Dam amounted to $69.13 million, according to official figures

    The same figures from the government say the amount spent on the Balaa Dam was $24 million

  • The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the...

    The MoU was signed by the Ministry of Health and Prevention of the United Arab Emirates (UAE)

    It was inked with Janssen Pharmaceutical Companies of Johnson & Johnson, and healthcare consulting firm Axios

  • The projects have been inaugurated in Djibouti.

    The projects include two new development initiatives in the water and housing sector

    The fund has also laid the foundation stone for a project in the transportation sector

  • More than two years into a financial crisis that has seen the local currency lose 90 percent of its value,...

    The financial collapse that began in Lebanon in late 2019 has been deemed by the World Bank one of the world's worst since the 1850s

    However, before that the country had an oversized but prosperous banking sector, which has since come to be blamed for the economic crisis

  • The Bahrain Golden Visa was recently announced during a Cabinet meeting chaired by Crown Prince and Prime Minister Salman bin...

    To qualify for the Golden Residency Visa, existing residents must have stayed in Bahrain continuously for at least five years

    They must also have earned an average basic salary of no less than BHD 2,000 ($5,305) per month throughout the duration

  • UAE’s Minister of Industry and Advanced Technology, and UAE Special Envoy for Climate, Sultan Ahmed Al Jaber has said that...

    The minister noted the need to increase investments in agri-tech and leverage best practices that safeguard vulnerable nations' food and water security

    He was speaking at the Munich Security Conference titled "Scaling Up Climate Action" where he reiterated the UAE's support for robust climate finance

  • UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 25 per...

    The two sides also discussed an exchange of expertize and best practices in infrastructure, housing and transport

    The ministers of UAE and Hungary met on the sidelines of Dubai Expo 2020 and discussed cooperation in energy

  • Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will...

    Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will have no branches

    This tech-based model saves cost and time, he clarified, adding that these banks do not have the paperwork complications of the traditional counterparts