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 UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.

    Ranks third among the world’s seven regions and is well above the global average.

    UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.

  • Higher fuel volumes, improvement in non-fuel and commercial gross profit margin and increased operational efficiencies made in the first half...

    The company’s fuel volumes saw progressive recovery towards pre-COVID-19 levels.

    In H1 2021, the company received no objection certificates from the Saudi General Authority for Competition to acquire 35 stations in the kingdom.

  • Nigeria was the largest West African export market for member companies, accounting for a 32 percent share of the value...

    Plastics accounted for 31 percent of exports, followed by electrical machinery/electronics (14 percent)

    Commodities with the highest untapped potential for export and re-export include polyethylene, sugar cane and rice, trigger batteries.

  • Saudi Arabia has reported a sharp rise in its Industrial Production Index (IPI) to 11.9 percent in June 2021 from...

    The increase resulted Increase mainly from mining and quarrying, which gained 19.3 percent

    Oil production rose from 7.4 million bpd in June 2020 to 8.9 million bpd in June 2021

  • Egypt's annual urban consumer inflation increased to 5.4% in July from 4.9% in June, official statistics agency CAPMAS said on...

    Month-on-month inflation also went up to 0.9 percent from 0.2 percent

    CAPMAS attributed the hike to the increase in prices of oils and fats, meats, vegetables, housing, water, electricity, gas and fuel

  • The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.

    ADNOC sold its first cargo of blue ammonia to Japan's Itochu on Aug. 3.

    Sales part of UAE-Japan industrial cooperation and development of ammonia supply chains.

  • New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that...

    ADDED will also issue a form of service agent agreement to streamline the relationship between partners.

    604 activities covered under the license, including accounting, training, consultancy, beauty centers.

  • Better days for Saudi economy seem to be on the horizon as the kingdom’s budget deficit has narrowed sharply in...

    Saudi budget deficit fell by 38 percent from Q1

    Spending rose to SR252 billion from SR212 billion

  • Yemen's conflict flared in 2014 when Iran-backed Huthi rebels seized the capital Sanaa

    Yemen's conflict flared in 2014 when Iran-backed Huthi rebels seized the capital Sanaa

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

  • The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around...

    The tool is focused at 30 promising markets across the MENA region, Asia, Africa, and Europe

    They added that Dubai Chamber’s online tool has 26 major commodities listed on it