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THIS MORNING: Joby Aviation on track to complete first Dubai vertiport by 1Q 2026 + Could Starlink come to the UAE?
Plus: Abu Dhabi toll caps scrapped as of September
UAE banks are outperforming their peers this year -CI Capital
CI Capital upgraded the target prices across the UAE banks it covers, reflecting their strong performances in 1H 2025
The UAE secured USD 5.4 bn in greenfield FDI in 1H 2025
Kuwait, US, India, China, and Italy were the top capital investors
Amea’s Cox inks EUR 250 mn agreement for desalination and wind power in Morocco + DIB, Emirates NBD lend to firms overseas
Plus: Yango and AD Ports expand further abroad
Emirates NBD’s income falls, while Islamic arm delivers + Du has another strong quarter
Lower impairment reversals and a higher tax charge offset growth in core banking income
Emirati lenders back AED 937.5 mn loan for Africa Finance Corporation
The financing comes as the institution looks to divesify its funding base
India’s Shapoorji Pallonji completes first Dubai residential project
Plus: Dar Global awards AED 201.5 mn main works contract for Rak project
Dubai Metro expansion gets AED 3.9 bn boost from Emirates NBD
Work on the AED 20.5 bn project kicked off last month
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