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.
  • Growth in the fourth quarter was the slowest in more than a year, at 4 percent, down from 4.9 percent...

    China is the world's second-biggest economy, and a key driver of global growth

    It expanded 8.1 percent in 2021, but much of that came in the first half of the year

  • The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019,...

    The United States, India, Saudi Arabia and Iraq accounted for the majority of the Chamber's exports last year, with a value of JD3.111 billion.

    ACI exports rose during the same year to many Arab and foreign countries, most notably Indonesia, Egypt, Brazil, Algeria, Turkey, Sudan, Yemen and Malaysia.

  • The Abu Dhabi Sustainability Week summit, hosted by Masdar, will take place virtually on Monday, 17th January. The Summit will...

    The Summit will take place between 1:00pm – 9:00pm GST, and will convene more than 80 global leaders

    The opening sessions of the ADSW Summit will include a head of state address from President Halimah Yacob of Singapore

  • The development may bring significant geo-economic and geopolitical shifts in the energy market, which is currently valued at $174 billion.

    IRENA estimates hydrogen to cover up to 12 percent of global energy use by 2050

    This is due to the climate urgency and countries’ commitments to net-zero emissions

  • Tunisia's debts have soared to nearly 100 percent of Gross Domestic Product.

    Tunisia's GDP plunged by almost 9 percent in 2020, the worst rate in North Africa

    This was only modestly offset by a 3-percent bounce-back last year

  • The real estate housing price rose in Kuwait last year, where investors focused on Kuwaitis' residential areas dealing in uninhabited...

    Some residential districts, mainly inhabited by citizens, witnessed more than 35 percent rise in rates of the plots, leading to record growth of property assets

    The investors sold 375-square-meter houses in Kuwaiti's residential districts such as Al-Khaldiya and Al-Yarmouk in May at a profit of $300,000 in May

  • Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.

    The decisions for the establishment of the mentioned entities were made during a three-day visit of the Iranian minister to Syria

    Iranian Transport and Urban Development Minister Rostam Qasemi announced a joint committee is set to be formed between Iran and Syria

  • "The government has almost exhausted the General Reserve Fund's liquidity", said the rating agency.

    It argued that despite higher oil prices and production levels, Kuwait's central government deficits are set to average 12 percent of GDP

    It, however, noted that it could revise the outlook to stable if the government successfully addresses Kuwait's existing fiscal funding constraints

  • MoroccoTech aims to position the country as a digital destination of choice internationally.

    MoroccoTech aims to position the country as a digital destination of choice internationally

    The initiative is intended to promote Morocco as a producer of premium technologies and an investment destination

  • Chaired by Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and Vice President, Prime Minister of the UAE, the...

    The Cabinet approved as well, a decision to establish the Executive Office for Control and Non-Proliferation

    The cabinet also approved the executive regulations of the Federal Law regarding the regulation and protection of industrial property rights