du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

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.

  • The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day...

    The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day of January 2022

    Iraq is in the process of forming a new government following the recent election in which the cleric Muqtada al-Sadr’s movement Saeroon won the most votes

  • Fed Governor Christopher Waller said the decision announced Wednesday gives policymakers the ability to respond quickly with an increase in...

    The Fed earlier this week announced it will accelerate the end to its stimulus program after inflation last month saw its biggest jump in nearly four decades

    Quarterly forecasts from Fed policymakers also released this week signaled the likelihood of three interest rate hikes next year

  • The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah.

    The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah

    It is expected to achieve an estimated added value of SR47 billion riyals for the Kingdom's economy by 2030

  • The forum was held in conjunction with the 38th session of the high-level Arab Ministers of Housing and Construction.

    The forum was held in conjunction with the 38th session of the high-level Arab Ministers of Housing and Construction

    It also discussed new Arab vision towards urban development characterized by safety, justice, resilience and sustainability

  • According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about...

    According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about 300,000 people

    A water reservoir with a capacity of 30,000 cubic meters will also be built, to enable the Jordan Valley Authority to supply water to farmers in the dry seasons

  • Disagreements over the size of the losses between Lebanon's government, central bank, and banking sector contributed to the collapse last...

    The scope of the financial-sector losses of Lebanon are estimated at about $69 billion

    An IMF team will travel to Beirut early next year to continue discussions for aid to the country

  • Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...

    Jordan's ICT sector generates 75 percent of the region’s Arabic internet content

    Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs

  • Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem.

    Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem

    Hamad Al Mansoori, Director General of Digital Dubai, said they are working to make the most of big data and tap its potential

  • The OPEC Fund for International Development has approved $352 million for sustainable development operations globally at the organization’s 178th Session...

    Members of the Governing Board also reviewed several milestones achieved as part of the OPEC Fund Strategic Framework 2030, including inaugural credit ratings.

    The Strategic Framework 2030 is designed to diversify the OPEC Fund’s financial resources and deliver greater development impact

  • The Turkish lira on Thursday hit fresh lows after the central bank fired the latest salvo in President Recep Tayyip...

    The reduction of the main rate to 14 from 15 percent comes in the face of an annual inflation rate that has surged past 20 percent and is expected to climb even higher.

    A dollar could buy three liras in 2016 and 7.43 liras on January 1. It was worth 15.50 liras on Thursday after opening the week at around the 13.80 mark.