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10 UAE venture capitalists make Forbes’ Middle East’s top VCs list + Mashreq Al Islami’s retail brand receives accolade
The Forbes list included leaders of 10 UAE-based firms, and three Emiratis
THIS MORNING: Dubai to tighten oversight on foreign banks
PLUS: Made-in-UAE gold jewellery set to double
Private equity returns remain subdued in 2024 as transaction drought drags on
PE funds have collectively underdelivered on USD 400 bn in payments to investors over the past three years
Bank of Sharjah names Sridhar Karlapudi as its new COO + Intel taps Taha Khalifa as general manager for the Middle East and Africa
Prior to joining Bank of Sharjah, Karlapudi served as COO at Ahli United Bank in the UK
CBUAE maintains 2024 growth forecast, dials back 2025 growth expectations on extension of oil supply cuts
The central bank dialed back its forecast for GDP and non-oil GDP growth in 2025
Mashreq Al Islami’s CEO recognized as best Islamic Banking CEO by Global Business Outlook Awards + FAB classified as one of four leading GCC banks by Fitch. PLUS: Al Tamimi and Company’s training program hits 80% success rate
ALSO- Abu Dhabi was awarded the UN Tourism QUEST certification for its excellence in destination management
THIS MORNING: UAEV to charge EV tariffs in January + GCC debt capital markets hit USD 1 tn
Plus: British Airways cancels flights to Abu Dhabi in the summer
Emirates NBD dually lists USD 500 mn bond on Nasdaq and Euronext Dublin
Plus: Abu Dhabi’s Ohana Development launched a AED 4.7 bn residential project
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