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 Central Bank of Bahrain will offer the digital Dinar through a digital payments platform that can be accessed round...

    The central bank also intends to gradually raise the share of financing for small- and medium-sized enterprises

    Bahrain plans to list five more companies on its stock exchange next year including Bahrain Airport Services Company

  • The total value of the UAE’s foreign trade in the past five decades amounted to some AED34.23 trillion ($9.32 trillion),...

    The country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion).

    UAE's exports increased 380 times, rising from $842 million (AED3.1 billion) in 1971 to $319.3 billion (AED1.17 trillion) by the end 2020.

  • Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new...

    IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold that separates growth from contraction.

    Higher fuel and shipping costs often led to increased prices, including for raw items such as foodstuff and paper, said IHS Markit.

  • The non-oil private sector of Saudi Arabia continued to grow in November on the back of strong demand and modest...

    The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers' Index (PMI) fell to 56.9 in November from 57.7 in October

    The headline figure was down to a three-month low as growth in new orders declined for the second month in a row from September's seven-year high

  • The bank said it was confident that the global bottlenecks would continue to improve over the coming year. ‘We expect...

    QNB has said the global economy has made a remarkable recovery from the peak impact of the Covid-19 pandemic last year

    It attributed the revival to ‘unprecedented fiscal and monetary stimulus,’ particularly in the US

  • The signing of the MoU reportedly coincided with the visit of the French President Emmanuel Macron to the UAE.

    Under the terms of the MoU, the two countries are expected to collaborate to facilitate trade in agricultural and food products

    They will also work for the development of sustainable agricultural production with a focus on innovation

  • According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10...

    According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million

    Turkish imports to the Kingdom in the same period surged by 25 percent to a total of JD303 million

  • “This partnership is a continuation of Aramco’s long-standing relationship with a number of leading French companies. It represents an opportunity...

    The agreement between Aramco and Gaussin aims to establish a modern manufacturing facility for on-road and off-road hydrogen powered vehicles in Saudi Arabia

    The signing took place during an event in Jeddah, organized by the Ministry of Investment to explore investment opportunities for French companies in the oil kingdom

  • Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.

    Jordan has invited investment from an industrial and economic delegation from Russia

    The Russian delegation represented three Russian provinces

  • The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of...

    The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of 2021

    The kingdom also recorded a 22.1 percent increase in exports between September 2020 and September 2021