Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

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.

  • Saudi Arabia’s General Authority of Civil Aviation (GACA) has signed an MoU with Oracle to develop and support a roadmap...

    The memorandum was signed on the sidelines of the Global Tech Conference "LEAP" held in Riyadh.

    It also stipulates mutual coordination regarding cloud seminars, training and guidance, facilitating training.

  • A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total...

    The total number of economic activities in the Emirate has reached 2,200. In 2020, the DET had added 58 activities.

    Artificial Intelligence Developing Services, Gaming Localization Services and Industrial Consultancies are among other activities added this year.

  • The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of...

    This discovery marks the first of Abu Dhabi’s offshore exploration concessions

    Offshore Block 2 covers an area of 4,033 square kilometers northwest of Abu Dhabi

  • The Communications and Information Technology Commission (CITC), Saudi Arabia’s digital regulator, has announced the launch of WiFi-6e as part of...

    The latest generation of Wi-Fi technology offers data transfer speeds more than five times faster than the current standard

    It provides more capacity for high-bandwidth activities such as 8k gaming, video conferencing and virtual reality applications

  • Independent data collected by Turkish economists suggested that the annual rate of inflation rose to more than 110 percent in...

    Erdogan staunchly opposes raising interest rates, which he believes cause inflation

    This is the exact opposition of conventional economic thinking

  • The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic...

    The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic relations

    Tawfiq, the president of the Amman Chamber, reiterated that Jordan-Egypt were a model of good relations between Arab states

  • The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi...

    Investment deals totaling more than $6.4 billion were announced at LEAP 2022 in Riyadh

    Saudi Aramco Ventures launched a $1-billion investment fund called Prosperity 7 to help revolutionary startups

  • More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy,...

    More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said

    A memorandum of understanding was also signed between the Department of Municipalities and Transport (DMT) and Sumitomo Corporation

  • Iraq is struggling to transform hundreds of palaces built and used by former dictator Saddam Hussain.

    One of the many palaces of the Iraqi dictator in the southern city of Basra has been turned into an antiquities museum

    Iraq has more than 100 residences, villas, and other complexes from the Saddam Hussein-era

  • The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when...

    UAE is expected to generate approximately AED 25 bn ($6.8 bn) in revenue from the corporate tax.

    Corporate tax rates in nations such as Germany and Japan exceed 30 percent. In Canada and China, companies pay 27 percent and 25 percent, respectively.