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Investment
UAE + Saudi business sentiment remains resilient as investors recalibrate strategies -HSBC
AI readiness is now the main driving factor of new market choices for global investors
Egypt startup funding went dark in March — but one VC says capital is still moving
Although Egypt remains investable, startups with export potential or with USD-denominated earnings are at an…
Morocco has its eye on the long game with a massive investment drive ahead of 2030 World Cup
The mega investments will ultimately boost the GDP and productivity, but rising public debt and…
IPO
UAE IPOs are officially in ‘wait-and-see’ mode
Plus: Saudi retail player BinDawood closes yet another acquisition
Egypt struggles to stay the course + JMP’s Electronic Arts buzzer-beater
Plus: Oman’s stock market is the surprise performer YTD
DFM flirts with the bears
PLUS: India shelving plans to sell majority stake in IDBI Bank?
M&A
Gulf money will back Hollywood’s biggest merger
PLUS: Adia wrote a ticket for the biggest US medical services buyout in more than…
Cross-border acquisitions is the flavor of the day for DP World + IHC
PLUS: Emirates NBD pulls off the largest syndicated borrowing in the GCC this year
Debt
Bahrain rolls out BHD 7 bn banking sector relief package
Borrowers will get debt relief for up to three months, whereas banks will have…
Jordan cuts reserve requirements, frees up JOD 700 mn for banks hit by Gulf war fallout
The measures could inject some JAD mn in lendable liquidity
Turkish banks are eyeing Syria — and Stellantis is doubling down on Algeria
PLUS: Surprising exactly no one, business activity slumped last month in Qatar and Kuwait
Dubai property market keeps its head above water in 1Q
PLUS: UAE denies Iran hit Oracle data center
Macro + Economy
IEA cuts outlook for oil demand as supply nosedives
PLUS: Higher inflation in Cairo + Muscat as luxury retail spending stumbles in Dubai
GCC can stand up to the pounding, Georgieva says
PLUS: Air Asia backing away from Bahrain would be good news for Flydubai and Air…
Remote work policies take hold
PLUS: Non-oil private sectors across the region take a beating
Egypt, Jordan, Iraq, and Lebanon are the most vulnerable to war shocks, EBRD warns
Many of these governments have stretched their monetary and fiscal policies thin due to successive…
Deals
Abu Dhabi Inc pushes ahead with global dealmaking, signaling that it’s business as usual
Plus: The World Bank has USD 500 mn for Morocco
PIF looks to protect SpaceX turf as Elon hurtles toward an IPO
Plus: Gulf sovereigns are backing Paramount’s takeover of Warner Bros.
Emirates NBD is closing in on a USD 3 bn acquisition of a 60% stake in India’s RBL Bank
PLUS: Masdar + TotalEnergies’ USD 2.2 bn JV
Drones? What drones? The Gulf’s BSD’s are pushing big deals across the finish line.
AND: Kuwait’s Trolley goes public