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.
  • India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in...

    Piyush Goyal urged industry leaders to be proactive in giving inputs to the government on matters like FTA negotiations

    He expressed confidence of growth in services exports, in spite of travel and tourism restrictions caused by the pandemic

  • The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.

    The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration

    This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

  • The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...

    Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.

    The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.

  • The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various...

    The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration.

    This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

  • Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region...

    Dana Gas and Crescent Petroleum jointly operate the Khor Mor and Chemchemal gas fields on behalf of the Pearl Petroleum consortium.

    The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project.

  • While sales tax collection rose 14 percent, income tax collection rose 7 percent from 2020 to 2021.

    Sales tax collected by Jordan in 2021 reached JD4.037 billion ($5.69 billion), up from JD3.534 billion ($4.98 billion) in 2020

    Revenues collected as income tax in 2021 reached JD1.176 billion ($1.66 billion), up from JD1.103 billion ($1.56 billion) in 2020

  • More than half of people in Europe will likely catch Omicron by March, the WHO has said amid a World...

    The WHO's regional director for Europe Hans Kluge described a ‘new west-to-east tidal wave sweeping across’ the region

    The WHO's European region covers 53 countries and territories including several in Central Asia, 50 of them had Omicron cases

  • Riad Salameh is among the top Lebanese officials blamed for a financial crisis that the World Bank says is of...

    The travel ban is pursuant to a lawsuit filed by an activist group against Riad Salameh over alleged financial misconduct

    Salameh has also been summoned for questioning over the case but the exact date of the session has yet to be publicly disclosed

  • The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.

    It will begin from17th January to 19th January 2022 in Abu Dhabi at National Exhibition Center (ADNEC) as part of the Abu Dhabi Sustainability Week

    The forum would also work as an integrated platform for developing and formulating practical and sustainable waste management practices

  • The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery...

    In the poorest 52 countries—home to 20 percent of the world’s people—only 6 percent of the population had been vaccinated so far.

    By 2024, developing economies (excluding China) will have fallen 5.5 percent below their pre-pandemic expected GDP growth,