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Infrastructure 
Arabian Hills inaugurates AED 22 bn residential project
PLUS: E7 will shell out AED 182 bn to boost security solutions
Central banks are leaning heavier on the USD amid higher interest rates
18% of global central banks are planning to increase their USD allocation over the next 1-2 years
Turkey could levy a tax on stocks
Treasury and Finance Minister Mehmet Simsek said the government is considering a “very limited” transaction tax
Paxos International debuts USDL stablecoin in ADGM
USDL will offer holders an annual yield of approximately 5%
Today’s rate cuts could revive the EU’s economy, but the path forward is murky
Some wonder whether it would be a mistake for the ECB to diverge from the US Federal Reserve for the…
Etihad Airways and China Eastern Airlines form a JV
PLUS: M42 is set to launch Amana Healthcare in Bahrain
Ackman sells 10% of Pershing Square for USD 1.1 bn
The stake sale hands Pershing Square a high valuation compared to private equity groups that manage much larger asset pools
Turkey’s inflation hits 75.5% in what is believed to be the peak before a slowdown
The Turkish central bank has raised interest rates 41.5% since June 2023
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