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THIS MORNING: More bidders for the Telegraph? + Damac to rely on borrowing for USD 20 bn US data center investment
Plus: FTX disputes Dubai-based Backpack’s acquisition of FTX EU
UAE corporates rush to debt markets
Emirates NBD’s issuance is set to be listed on the Taipei Exchange
THIS MORNING: Emirates NBD reportedly eyes acquisition of Egypt’s Banque du Caire + MAF shutters Carrefour stores in Oman
Plus: UAE, Malaysia could finalize trade agreement next week
Open finance: the next frontier in customer-centric banking
Open finance is setting the stage for a seismic shift in banking, one that’s rapidly reshaping the industry in the…
Mashreq completes sale of 65% stake in Neopay for USD 385 mn
Neopay plans to scale its operations and enter new markets
Mashreq receives restricted license from Pakistan’s central bank
The latest approval expands Mashreq’s operations to 14 countries
UAE banks positioned for 7-8% growth in 2024-2025
Ongoing project activity is expected to fuel wholesale loan growth of 6-8% over the next five years
UAE opens a new trade link to China through Northern Pakistan
PLUS: Adnoc Distribution inked a five-year contract with Adnoc Gas Facilities to secure propane supplies through 2028
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