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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 downing of the drone came the same day that the Houthi rebels targeted two US-owned merchant vessels as they continue their multi-month campaign of attacks on shipping in the area. It is the second time an MQ-9 used for both surveillance and strikes was lost near Yemen in recent...
  • Electrified cars hit almost a fifth of EU Q3 vehicle sales

    At least one in five vehicles sold in the European Union (EU) in the third quarter of the current fiscal was an electrified model as sales continued to soar while fossil-fuel cars slumped, according to sales data released yesterday by a trade organization.
  • Bahrain’s deficit dips 35 percent to $1.38bn in H1

    Bahrain has succeeded in lowering its deficit by 35 percent to $1.38 billion in the first half of 2021, compared with the same period last year.
  • BinDawood’s net profit down 50 percent for Q2

    Taking a direct hit from the Covid restrictions, BinDawood, the Saudi supermarket retailer, has reported a 50 percent dip in net profit to $25.33 million for the second quarter of this fiscal.
  • Saudi forces shoot down Houthi armed drone

    OIC condemns the militia's unending attacks as terrorism Iran accused of providing rockets and missiles to Houthis Saudi air defenses shot down a Houthi drone close to the kingdom’s border in the southern city of Khamis Mushait, according to the Arab Coalition command. In a statement released on Saturday, the...