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Dubai annual inflation sees slight uptick in May, reversing four-month downward trend
Most components of the basket showed only moderate price growth
THIS MORNING: Santos shares jumps 10.9% following Adnoc-led takeover offer + Next Friday is off for Hijri New Year
Plus: Pharo hedge fund eyes Abu Dhabi
GDP grows 4% y-o-y in 2024
The transport and storage sector emerged as the fastest-growing contributor to GDP last year
THIS MORNING: Israel strikes Iran in biggest attack on the country since Iraq war + President heads to G7 summit this Sunday
Plus: Sidara’s Wood takeover deadline was extended to the end of June
Islamic banking in the age of open finance
In a region where traditional banking still dominates, the future of finance is arriving fast—and it’s digital, open, and competitive.…
UAE’s 10 largest banks see combined net income rise 8.4% q-o-q to AED 22.2 bn in 1Q
Growth was supported by a 59.3% q-o-q reduction in impairment charges and an 18% quarterly rise in net fee and…
Societe General becomes first bank to launch USD-backed stablecoin
The USD CoinVertible will be tradable from July
Emirates NBD taps banks for kangaroo bond issuance
Initial price thoughts were set at 195 bps over asset swaps
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