Economy

Sharjah Islamic Bank rights issue oversubscribed by 3.2 times

This successful capital raise further strengthens SIB’s capital base and enhances Sharjah Islamic Bank (SIB) announced the successful completion of its AED2.59 billion ($705.24...

UAE: MoHESR reviews 1,976 advertisements, conducts 72 inspection visits in Q1 2026

The initiative aims to ensure the quality of higher education programmes and academic training and protect students from non-compliant promotional practices The Ministry of Higher...

Forget vibrant shades, Apple’s foldable iPhone Ultra to launch in few colours

Get ready for Apple's first foldable iPhone, the Ultra, but don't expect a rainbow of options, reports say. Its surprisingly limited colour palette mirrors...

Saudi annual Vision 2030 report shows most indicators achieve targets

Saudi Arabia’s non-oil activities now make up more than half of the Kingdom’s real gross domestic product, according to the annual Vision 2030 report...

Saudi Arabia signs MoUs at Hannover Messe to advance industrial localization 

Saudi Arabia’s Ministry of Industry and Mineral Resources signed three memorandums of understanding with partners during its participation in Hannover Messe 2026 in Germany.  The...

Indian rupee, Pakistani rupee and Philippine peso stay soft, lifting dirham value for expats. Remit now?

Dubai: Soft Asian currencies continue to give UAE expatriates more value for every dirham they send home, with the Indian rupee, Philippine peso and...

GCC corporates poised for rating stability in 2026: S&P

RIYADH: Most rated companies in the Gulf Cooperation Council are expected to maintain stable credit profiles in 2026 despite geopolitical uncertainty and moderately lower...

Saudi economy grows 4.5% in 2025 as oil, non-oil sectors accelerate 

RIYADH: Saudi Arabia’s real gross domestic product expanded by 4.5 percent year on year in 2025, driven by strong growth in both oil and non-energy activities,...

Indian rupee, Pakistani rupee and Philippine peso stay soft, lifting dirham value for expats. Remit now?

Indian rupee, Pakistani rupee and Philippine peso stay soft, lifting dirham value for expats. Remit now?Dubai: Soft Asian currencies continue to give UAE expatriates...

GCC growth set to accelerate as UAE leads non-oil expansion drive

In its latest regional assessments, the IMF projected that GCC economies will continue to outperform many emerging and advanced markets in 2026 The GCC economies...

UAE joins US-led AI supply chain initiative Pax Silica, bolsters economic ties

The programme is a key pillar of the Trump administration’s economic statecraft strategy to reduce dependence on rival nations and strengthen cooperation among allied...

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Sharjah Islamic Bank rights issue oversubscribed by 3.2 times

This successful capital raise further strengthens SIB’s capital base...

UAE: MoHESR reviews 1,976 advertisements, conducts 72 inspection visits in Q1 2026

The initiative aims to ensure the quality of higher...

Forget vibrant shades, Apple’s foldable iPhone Ultra to launch in few colours

Get ready for Apple's first foldable iPhone, the Ultra,...

ADPIC launches unified governance framework to accelerate infrastructure delivery across Abu Dhabi

The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has...

Agthia Group reports 12.5% net profit growth

Agthia Group PJSC announced a strong performance for...