return

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.
  • Manama, Bahrain - The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 319 percent. Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days. The expected...
  • Central Bank of Bahrain Sukuk Al-Salam securities oversubscribed 197%

    Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 197%. Subscriptions worth BD 84.706 million were received for the BD 43 million issue, which carries a maturity of 91 days. The expected return on the issue, which...
  • Centuries-old 77 stolen antiquities to be returned to Yemen

    Washington, United States--The United States has returned 77 looted antiquities to Yemen, US authorities said Tuesday, adding the objects would be housed "temporarily" in a museum in Washington in line with an agreement with the war-torn country's government. The pieces are "64 relief carved stone heads, 11 Quran manuscript pages, a...
  • Jordan’s King meets Russian minister, urges stability in southern Syria

    AMMAN, JORDAN - Jordan's King Abdullah received Russian Foreign Minister Sergey Lavrov in Amman on Thursday and stressed the importance of stabilizing Syria, especially the southern part. King Abdullah noted the need to activate efforts to reach a political solution to the crisis in Syria, safeguarding its unity and territorial...
  • After Italy, US now returns antiquities to Egypt

    A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million to Egypt, including five works that were seized from the Metropolitan Museum of Art. The return of antiquities is part of a probe by authorities in New York into international...
  • US returns stolen antiquities worth US$19m to Italy

    US has returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found in the Metropolitan Museum of Art in New York. Manhattan District Attorney said some 58 pieces represent thousands of years of rich history, "yet traffickers in Italy utilized looter to...
  • Kuwait issues bonds, tawarruq to the tune of $792m

    The Central Bank of Kuwait has issued bonds and tawarruq for six months with an accumulated value of $792 million.
  • 800 Iraqi refugees return home from Syria, more to follow

    Eight hundred Iraqi refugees returned home from northeast Syria on Thursday and hundreds more are to follow, a Syrian official in the region's Kurdish semi-autonomous administration said. The Syrian Observatory for Human Rights said the first group left on buses via the Al-Yarubiyah border crossing. The Iraqi government has "agreed...
  • Sharjah Police returns around AED500m to owners in 2021

    A number of beneficiaries of the initiative are said to have expressed their happiness as they were able to recover their money without resorting to courts.
  • Mesopotamian Epic comes home to Iraq

    A 3,500-year-old tablet featuring the Mesopotamian Epic of Gilgamesh has been returned to Iraq three decades after it was stolen and illegally imported to the US.
  • Iraq and Germany call for stopping networks of human trafficking

    Iraq and Germany have said there was a need for moving quickly to stop the networks of human trafficking. Iraqi media reports said that foreign minister Fuad Hussain met with the German minister of state for Foreign Affairs, Miguel Burger, on the sidelines of the Regional Security Summit, The IISS...
  • Saudi banks cheer recovery with surge in loans

    Driven by an increase in net loans and return on equity in the second quarter, Saudi Arabian banks are sitting pretty as the region’s economy continued its rebound from the Covid pandemic.
  • UAE hotel occupancy leaps up as tourists return

    In a sign of normalcy returning, hotels across the United Arab Emirates (UAE) have reported a significant rise in occupancy rates in the first half of this year.
  • Saudi Pension Agency posts 9.5 percent returns in 2020

    The kingdom’s Public Pension Agency said on Sunday that it had recorded 9.5 percent returns on investments in 2020. Its investments are distributed in most countries, both in developed and emerging markets.
  • Demand for UAE gold jewellery spikes as buyers splurge

    Demand for UAE gold jewellery has vaulted 461 percent to 7.3 metric tons in the second quarter as compared to 1.3 metric tons in the same period last year.
  • Amazon Warehouse launches in the UAE, delivers up to 60% discounts

    All Amazon Warehouse products are backed by a 15-day return policy Prime members in the UAE can get their Amazon Warehouse items on the same day   Amazon.ae today announced the launch of Amazon Warehouse for customers in the UAE, offering great savings on thousands of quality pre-owned and open...