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AI + Innovation (MENA) 
Infrastructure 
EIB earmarks EUR 4 bn for local development projects including NWFE -Al Mashat
Central Bank Governor Hassan Abdalla praised the EIB’s “invaluable” support
EM bond rally here to stay?
USD bonds from Zambia, Pakistan, and Sri Lanka returned 25% in the past month
Bank secures USD 250 mn in finance from IFC
The lender will also help the bank on climate risk mitigation
Foreigners can get 50% more alcohol at duty-free stores
Buyers will face higher fees on the third liter
Global VC funding fell off a cliff in 1H 2023
VC firms paid out 48% less y-o-y in 1H as tighter conditions drove risk-off sentiment
UAE firms form MENA’s biggest property, FM platform + US Fed isn’t done tightening yet
Aldar Estates’ MENA-wide portfolio will include 135k properties under management
Flexible exchange rate is key to getting out of our bottleneck, IIF says
Delayed IMF program, high debt levels, twin deficits and rising net foreign liabilities weighing on nation’s finances
THIS MORNING: Export subsidy payouts next week
FinMin will disburse payments to exporters on 12-13 July
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