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Gulf Mercantile Exchange taps two new executives
James Martin was tapped as chief growth officer, while Kevin O’Reily will become the new head of commodities
AI fintech Optasia eyes USD 375 mn South Africa IPO
The IPO is still subject to JSE approval
GCC now commands nearly 7% of EM index weight, up from zero a decade ago — here’s why it matters, and what could come next
Some USD 127 bn is benchmarked to GCC equities through MSCI indices
UAE markets ease in September as Saudi rally powers GCC’s strongest monthly gains in nearly two years
YTD, ADX is up 6.3% and DFM is up 13.2%
THIS MORNING: Binghatti taps banks for IPO + Opec+ agrees to another production hike in November
Plus: MGX reportedly in talks to invest in Texan data center firm
UAE, Turkey ink AED 18 bn currency swap
Plus: Masdar completes acquisition of 50% stake in solar portfolio from Endesa
New CEO at Meira + Western Union taps regional VP
This move follows former CEO Paolo Casamassima’s exit from the firm to join Dubai-based Arqaam Capital
Busy pipeline ahead for debt and equity capital markets in the UAE and KSA, investment bankers say
The GCC is increasingly being viewed less as an emerging market and more as a stable, developed market
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