Gas fuels

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.
  • Morocco and Algeria have moved to revive long-stalled projects in light of a gas supply crunch following Russia's invasion of Ukraine a year ago. Prices surged and Europe - which was heavily reliant on Russian gas - had to look elsewhere for energy.