UAE

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

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
  • From the 1980s onward, the federal government and individual emirates launched broader diversification and liberalization programs to reduce reliance on oil and develop sectors like aluminum, tourism, aviation, re-export trade, and telecommunications, the author adds.