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CBUAE brings down GDP growth outlook to 1.6%
On the flip side, it raised its prediction for 2027 GDP growth
THIS MORNING: L’imad set to be main driver of Hormuz bypassing + EGA shifts more exports to the east coast
Plus: Chinese autonomous-driving player Momenta Global is set to bring robotaxis to Dubai in 2027
Edward Bell leaves ENBD for MUFG + Mohammed Al Shaibani leaves ICD board
At MUFG, Bell will cover the Middle East, Turkey, and energy markets
THIS MORNING: L’imad wants to bring in outside capital + Luckin Coffee eyes a piece of the Gulf’s coffee habit
Plus: IPTs out for Emirates NBD’s Swiss issuance
Seviora and FAB link up, another Chinese bank expands to DIFC, and AÏZA raises funds for Saudi expansion. Plus: More warehousing capacity at Kezad
FAB will look into distributing Temasek’s asset manager’s strategies to its clients
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as Greece and Turkey join the race for London’s wealth
Why UAE gains from Brics’ bilateral payments push, even if it stays a “cross-web” rather than a bloc-wide network
The recent Brics summit shelved any bloc-wide rail, but the UAE’s bilateral links put the UAE at the center of…
PhonePe eyes UAE payments, M42 expands in Central Asia, and Core42 and du bet on locally built cybersecurity
India’s biggest payments app gets closer to a UAE launch, M42 opens its first dialysis clinic in Kyrgyzstan, and Core42…
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