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AI + Innovation (MENA) 
Infrastructure 
IHC sets up new holding company + Funding for MENA startups falls short in 2023
Total MENA startup funding remained flat in 2023, with a less than 1% y-o-y increase to USD 3.98 bn
New regulations for short-term credit amid rising demand for BNPL
The framework lays out regulations for companies looking to extend short-term credit in the UAE
Omani businesswoman invests in Dubai + Saudi investment in Fitness Time + Changes in Business Banking and Farming
INVESTMENT- #1- Sheikha Amal Suhail Bahwan invests in Dubai-based construction company:Omani businesswoman Sheiha Amal Suhail Bahwan is investing a “substantial…
Investcorp consolidation + IHC’s Palm Sports snags two gov’t contracts + CBUAE’s cash deposits rise to AED 687.2 bn in October
Government deposits stood at AED 454.4 bn in October, up 4.34% y-o-y and 2.53% m-o-m
What’s driving growth in Islamic finance?
Islamic banking made up 23% of the UAE’s overall banking assets
Consumer spending set to grow 5% y-o-y next year, MasterCard says
Tourist spending in the Gulf is projected to be almost one quarter higher than in 2019
Non-oil exports rose in 1H 2023 + Mashreq customers now have access to Visa Direct Account
Good morning, wonderful people, and a very happy Wednesday. The news cycle has slowed down just a touch on the…
Tabreed receives USD 163 mn green credit facility
The company will use the funds to expand its operations in the GCC
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