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Plus: Air disruption over UAE casts a light on gold supply chain
Author Archives: enterpriseam admin
Posted inTHE BIG STORY TODAY
S&P Global affirms UAE, Abu Dhabi sovereign credit ratings at AA/A-1+, but slashes growth forecasts due to fallout from the war
The agency now sees growth coming in at 2.2% this year, significantly down from an earlier forecast of 4.7% growth
Posted inBanking
UAE most exposed in the region to possibility of bank deposit outflows, Bloomberg Intelligence says
UAE banks are most exposed due to their large expat population
Posted inREAL ESTATE
Developers will prioritize liquidity over significant expansions amid expected cooldown from the war
This comes after developers have been riding the property boom for the past five years and scaling their presence at home and abroad
Posted inSTARTUP WATCH
Al Nahyan and Al Ketbi families anchored TruDoc Healthcare’s USD 15 mn funding round
The funding allows the firm to expand its hospital-at-home critical care services and scale operations across the UAE and Saudi
Posted inALSO ON OUR RADAR
New buyer emerges for the Telegraph
The acquisition scraps a prior GBP 500 mn arrangement that would have seen Daily Mail owner DMGT buy the UK newspaper
Posted inPLANET FINANCE
A more nuanced look into the impact of the Strait of Hormuz’s closure on the GCC
Hormuz typically accounts for around 25% of global seaborne oil trade and some 20% of global LNG trade