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.
  • The Gulf region stays strong both regionally and globally in terms of the number of internet users and the populations...

    The United Arab Emirates came out on top with 5.43 points in the GCC ICT Use Index for 2021, followed by Kuwait and Saudi Arabia.

    Saudi Arabia's ICT spending is set to reach $30.9 bn, and public sector spending will reach approximately $3 bn by the end of 2022.

  • Saudi Arabia's finance minister, Mohammed bin Abdullah Al-Jadaan, has stressed the need for the promotion of the joint Gulf action,...

    During the meeting, the ministers reviewed the progress made on issues related to strengthening the financial and economic cooperation among the GCC states

    The meeting was chaired by the Minister of Finance, Chairman of the current session, Mohammed bin Abdullah Al-Jadaan

  • With rise in trade transactions, the Iranian economic activity also grew notably

    National Security and Foreign Policy Commission members stress that optimum economic management was important for a better future.

    Spokesman of the Commisison Abbaszadeh-Meshkini said that the economic policies should be arranged in a way to make sure that the low-income people will not be harmed.

  • DEWA achieved a new world record in electricity Customer Minutes Lost (CML) per year, recording 1.66 minutes in Dubai

    Energy demand in 2021 reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020.

    In 2020, DEWA reduced losses in electricity transmission and distribution networks to 3.3 percent, which is less compared to that in Europe and the US.

  • The current midmarket rate for a US dollar is LBP1,500, while the black-market rate is more than LBP23,000 to the...

    Depositors in Lebanon demonstrated against the government's plan to convert deposits into Lebanese pounds

    The demonstration was also against an associated decision to compensate depositors in the local currency

  • The city overtakes London in the list of the "Top Destinations Around the World". Golden beaches, world-class restaurants, rave reviews...

    Dubai figured at the fourth place in the "trending destinations for food lovers" list and first in "Trip Advisors list for city lovers."

    More than 3.85 million tourists came to Dubai during the first nine months of 2021, according to the department of tourism and commerce marketing.

  • A total of 1,99The real estate and properties transactions valued at AED4.1 billion were recorded in Dubai during the week...

    The transactions included 287 plots that were sold for AED1.08 billion, while 1,059 apartments and villas were purchased for AED2.25 billion.

    The top three transactions were a plot of land in Al Hebiah Fifth that sold for AED190 million, followed by land that was sold for AED 45 million in Al Thanyah First.

  • Dubai Electricity and Water Authority (DEWA) has inaugurated 16 new substations in 2021 at the cost of about AED2.928 billion...

    DEWA installed 222 kilometers of 400kV overhead transmission lines and 97 kilometers of 132 kV ground cables to connect the substations to the main transmission network.

    DEWA’s investments in existing and completed electricity transmission projects in 2021 reached AED9.5 billion.

  • Tirza, a former Israeli army colonel, says his company Yozmot Ltd aims to produce a body-worn camera enabling police to...

    Tirza, a former Israeli army colonel, says his company Yozmot Ltd aims to produce a body-worn camera enabling police to scan crowds and detect suspects in real time

    Facial recognition in law enforcement has sparked global criticism, with US tech giants backing away from providing the technology to police, citing privacy risks

  • Amman Municipality’s plan to transform Amman into a “smart city” looked at other countries’ experiences in this field.

    Amman Municipality’s plan to transform Amman into a “smart city” looked at other countries’ experiences in this field

    Amman also figured among Bloomberg’s winning cities in 2021-2022 mayors’ challenge