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.

  • UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest...

    The campaign highlights the diversity of the UAE’s tourism and recreational attractions.

    With an occupancy rate of 64 percent, the UAE outperformed the top 10 tourist destinations in the world.

  • A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for...

    Trade between the UAE and Bahrain in 2020 was valued at AED20.1 billion and more Bahraini nationals were entering the Emirates real estate market.

    In 2020, the value of real estate deals signed by Bahraini citizens in the UAE reached AED228 million.

  • Jordan’s Investment Minister, Khairy Amro, said the investment law, which the government is currently working on, will cope with the...

    Jordan’s Investment Minister, Khairy Amro, said the investment law, which the government is currently working on, will cope with the most developed international laws in this field

    To facilitate transactions, Amro said, the ministry seeks to be the core reference for investment and the sole authority to follow up on investor issues

  • King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo.

    King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo

    The other four countries competing to hold the event are South Korea; Italy; Ukraine and Russia

  • The United Nations says about one-third of Iraq's population lives in poverty, despite the country's oil wealth. The effects of...

    Experts have warned that record low rainfall is threatening social and economic disaster in Iraq

    The situation in the war-scarred country is said to have been compounded by climate change

  • The package includes $23.5 billion of contributions from 48 high- and middle-income countries as well as financing raised in the...

    The World Bank said the funds will help countries better prepare for future crises, including pandemics, financial shocks and natural disasters

    The funds will support countries globally, resources are increasingly going to Africa, which will receive about 70 percent of the funding

  • Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing...

    The opening of ADQ’s new office complements the $20 billion strategic investment platform launched in 2019 between ADQ and TSFE.

    The platform aims to help advance Egypt’s economic development through joint strategic investment projects, specialized funds and investment tools.

  • Syrian lawmakers have approved a draft budget for 2022 of $5.3 billion, down from $6.8 billion this year, as a...

    A decade of war, Western sanctions and the coronavirus pandemic have devastated the Syrian economy, pushing most of the population into poverty.

    Government spending has been cut by more than 40 percent over the past two years, with cuts threatening a critical social support program.

  • The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s...

    The UAE signed agreement with Harvard’s Growth Lab, specialized in theoretical and empirical research on determinants of growth

    The two-year program under the agreement will see academic experts conduct evidence-based economic analyses and research

  • TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of...

    TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.

    Dubai is competing with Singapore, Switzerland, and other countries to become a worldwide hub for digital currency by developing a crypto-currency free-trade zone