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THIS MORNING: Markets close in green for first time since war began + DP launches land bridge to bypass port disruption
Plus: The UAE’s tourism sector is the most exposed in the Gulf
Mubadala buys into Egypt concession, Emirates NBD diversifies into silver, and Abu Dhabi-Swiss JV looks to sovereign cloud and AI infrastructure
Mubadala Energy acquired a 15% interest in Egypt’s Nargis Offshore Concession from Italy’s Eni
BIS flags bubble-like conditions in gold, US equities
The bank noted this is the first time in at least five decades that equities and gold have hit bubble…
Bank of China lists another USD 500 mn on Nasdaq Dubai
Plus: Investcorp Capital acquires US fire and life safety services provider
Multiply, Modon continue their overseas push with fresh investments
Plus: Property Finder will onboard Stake’s fractional property investment onto its platform
Dar + Trump partner to develop and tokenize hotel in Maldives
Plus: Aster to build two new hospitals with AED 265 mn in financing from Emirates Development Bank
THIS MORNING: Adnoc could close Covestro acquisition before early December + DMCC to develop new financial center
Plus: UAE to hand over 60% of revenues from Islamabad Airport in takeover?
THIS MORNING: Incentives for hotels in Dubai South, Palm Jebel Ali, and more + AED-denominated physically deliverable gold contracts coming?
Plus: IHC board signs off on Multiply-Ghitha-2PointZero merger
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