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 sovereign wealth fund is at the center of the kingdom's plans to transform the economy by creating new sectors...

    During Q4 2020, PIF acquired 14.9 million shares of US video-game maker Activision.

    Its other purchases last year included 7.4 million Electronic Arts shares and 3.9 million Take-Two shares worth about $1.1 billion and $826 million.

  • The number of financial transactions in H1 2021 exceeded 1.6 million, double the number in the same period last year.

    More than 1.1 million financial transactions were carried out on the national portal alone

    This an increase of 76 percent compared to the same period of last year

  • Police and local officials "began evacuating hundreds of families" from communities on the western outskirts of Jerusalem

    Police and local officials "began evacuating hundreds of families" from communities on the western outskirts of Jerusalem

    Fires have flared this summer around the Mediterranean basin, including in Greece, Turkey, Algeria and Morocco

  • Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.

    Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council

    Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting

  • At least 28 people were killed when the fuel tank blew up

    At least 28 people were killed when the fuel tank blew up

    The Lebanon grapples with an economic crisis described by the World Bank as one of the world's worst since the 1850s

  • In hard-hit cities on the southwestern peninsula most of the population spent the night sleeping outdoors in front of their...

    In hard-hit cities on the southwestern peninsula most of the population spent the night sleeping outdoors in front of their houses

    Rescuers faced new pressure with Tropical Depression Grace approaching, raising fears of torrential rainfall

  • According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic...

    Residential transaction volume totaled 14,426 units, a rise of 35.48 percent from Q1 2021.

    Palm Jumeirah saw the highest increase in villa rents, at 3.9 percent Q-o-Q.

  • The GCC countries see hydrogen as a key factor in fuel transition and have drawn up plans to export green...

    UAE first in GCC to reduce emissions by 24 percent by 2030 and to 50 percent by 2050

    GCC countries have plenty of space, sunshine wind energy in some areas