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ADCB to move ahead with AED 6.1 bn rights issue
The offer is still pending regulatory approvals
THIS MORNING: G42 to launch sovereign AI cloud in France soon + Emirates NBD could get nod from Indian central bank for controlling stake in RBL
Plus: IEA expects supply glut in 2026
UAE raises ceiling for CBUAE fines
The decree allows fines of up to 10x the value of a violation or unjust gain
US banks to unlock USD 2.6 tn in lending capacity from deregulation push
Alvarez & Marsal estimates USD 140 bn in freed-up capital and a 35% boost to bank earnings
More trouble for Eshraq as Goldilocks loses value
PLUS: Invest Bank secures CBUAE license for Islamic banking window
United Arab Bank could sell USD 800 mn in non-performing loans
PLUS- Luxury and ultra-luxury home transactions are up in Dubai
THIS MORNING: Gold and diamonds to be tokenized by VARA and DMCC + Riyadh Air to launch Dubai route next month
Plus: Google’s Gemini Pro will be gratis for UAE university students for one year
Sharjah Islamic Bank net income up 22.7% in 3Q
The lender’s total operating income rose 16.8% during the quarter
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