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.

  • A young population, increased user spending, robust govt backing for games and e-sports and new players are poised to push...

    Around half of the Middle East's population is reported to be under the age of 25, and electronic games constitute an integral component of their entertainment.

    Saudi Arabia, the UAE, and Egypt attained a total gaming revenue of US$1.76 billion in 2021.

  • A wealth tax on the world's richest people could raise at least $2.52 trillion per year.

    The proposal comes from a network of NGOs, social movements, and pro-tax millionaires

    It follows separate reports showing that the world's wealthiest people have grown richer during the pandemic

  • The WHO has warned that the sheer numbers of people infected will mean many people are still falling seriously ill...

    The WHO has cautioned against a misleading narrative that the fast-spreading Omicron variant is risk-free

    It stressed that existing vaccines do a good job of protecting against developing severe Covid-19 and deaths

  • Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus...

    The Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global economic recovery.

    European crude benchmark Brent North Sea reached $88.13 per barrel, while US contract WTI hit $85.74 -- the highest levels since October 2014.

  • BCCI chief reviewed ways to further increase the volume of bilateral trade

    Chairman Sameer bin Abdulla Nass appreciated the 'depth and solidity' of the Bahraini-Saudi economic and investment relations.

    Nass praised the role played by Saudi Arabia to enhance the progress and prosperity of the people of GCC.

  • Lebanon ministers said they aim to increase the hours of EDL’s power supply in the near future by securing Egyptian...

    Lebanon's economic crisis has seen its currency lose around 95 percent of its purchasing power

    This has caused fuel shortages that has led to power being supplied for just a few hours per household every day

  • Member countries of the Gulf Cooperation Council are increasingly working towards the empowerment of women.

    The UAE and Canada held discussions last month on how to enhance cooperation to empower women

    Statistics from Saudi Arabia from last year showed more women had entered the workforce, even as unemployment dropped

  • A presidential election was due to take place on December 24, followed by legislative polls, but the UN-sponsored electoral process...

    Speaker Aguila Saleh said during a parliamentary session, in the eastern port city of Tobruk, that a new government must be formed

    The call comes as the UN urged Libya's political factions and parties to hold safe, inclusive, and credible polls as soon as possible

  • The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global Ventures

    Global Ventures is a Dubai-based growth-driven venture capital firm focused on investing in growth-stage technology.

    Investing in progressive funds such as Global Ventures supports ambitious SMEs to expand their businesses, ISSF said.

  • The higher revenue this year as a result of the increase in the number of tourists, which was 2.358 million.

    Tourism contributes in a significant way to the economy of Jordan

    However, some observers say that the sector has a lot of room for improvement