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THIS MORNING: Mubadala to invest in Telegram’s USD 1.5 bn bond issuance? + UAE firms eye Russian business of UniCredit
Plus: Veon eyes dual listing in Dubai
China could soon have some global banking giants of its own to match Wall Street
Chinese President Xi Jinping called for efforts to help create “a few top-ranked investment banks and investment entities”
Lulu Retail, Mair Group and ADNH Catering are now included in FTSE indices
The inclusions will be effective starting 23 June
IHC eyes over USD 200 bn in assets, plans investments in US, India, and more
Plus: 2PointZero to list on the ADX soon?
Deutsche Bank + Bitcoin Suisse receive ADGM permits
ALSO- The UAE Media Council tapped G42-backed Presight to develop a unified media AI and analytics platform
Dubai Holding raises AED 2.1 bn from residential REIT IPO
The offering was 26x oversubscribed
Dubai Holding upsizes residential REIT IPO on strong demand
The additional units will be limited to institutional investors
Arabian Construction Company taps HSBC, FAB for its upcoming IPO
The listing could happen as soon as 2H 2025
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