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.
  • Studies indicating Omicron infections are less likely to result in hospitalisation have increased confidence that the pandemic will have less...

    Studies indicating Omicron infections are less likely to result in hospitalisation have increased confidence that the pandemic will have less impact on the economy

    On Wall Street, the S&P 500 ended the last session before the holiday weekend at a fresh record following a raft of mostly decent US economic data

  • The World Bank on Thursday said it agreed with its partners to repurpose $37 million in funds to help Lebanon's...

    The "exceptional" financing, which is valid only for the 2021-2022 academic year, came at the request of Lebanon's government, the bank said.

    Public school teachers who were already underpaid before the onset of the economic crisis two years ago have since been pushed deeper into poverty.

  • The country is aiming for a budget surplus for the first time in eight years amidst increasing oil prices and...

    Jadwa Investment Company and Al-Rajhi Capital expects value-added tax unlikely to change.

    Beltone expects that inflation would remain around 2 percent, affected by global inflationary pressures.

  • UBP Senior Portfolio Manager Fares Benouari has predicted that 2022 would see greater exposure to ESG, automation, and fintech in...

    UBP Senior Portfolio Manager Fares Benouari has said the current global economic outlook depends on strains, spells, and administrative responses

    He also pointed out that businesses, however, have made productivity gains, pivoting to digital, increasing efficiencies, and reducing costs

  • Jordan’s persistently high levels of unemployment are driven by the limited capacity of its private sector to create more and...

    WB finances the National Employment Programme (NEP) in the country to help its recovery from the COVID-19 pandemic by promoting private sector-led job creation

    The NEP aims to enable more than 2,000 private sector firms to hire and train over 63,000 new employees, a third of them women

  • China has launched a sweeping state crackdown on tax evasion and perceived immoral behavior in the entertainment industry. The move...

    YouTuber Huang Wei was ordered to pay a record $200 million fine for tax evasion on Monday

    Actress Zheng Shuang was in August hit with a $46-million fine for tax evasion

  • The technology could help the UAE grow more crops within its boundaries, ensuring food security, says Dake Rechsand CEO and...

    The UAE is 80 percent desert, with less than 1 percent agricultural land

    Systemic, climatic, and geographic concerns threaten food and water security in the country

  • The queues are a worrying sight for Turkey's veteran President Recep Tayyip Erdogan, who is trying to fight inflation by...

    Countries usually raise borrowing rates to slow spending and bring down prices -- a policy mix the Turkish leader, a pious Muslim, rejects citing Islamic laws against usury.

    One newspaper claimed Istanbul mayor Ekrem Imamoglu was playing a "dirty game" by shutting down many of the discount bread shops, making the queues longer at existing ones.

  • Top company leaders highlight priorities for MENA governments at CEO Dialogue Leaders of top regional and international companies in the...

    The CEO Dialogue was hosted by the World Government Summit in collaboration with the Atlantic Council’s empowerME Initiative and Majid Al Futtaim.

    They discussed economic and social changes in the region over the past few years, development and opportunities for global growth.

  • Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014.

    Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014

    The fighting has killed tens of thousands, displaced millions and left some 80 percent of Yemenis dependent on aid