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XRG increases stake in Rio Grande project + Emarat opens up in Armenia
Through its DIFC operations, the lender will let institutional clients mint and redeem USDC through its platform
Ta'ziz studies a UAE-first MDI plant as it pushes beyond bulk chemicals
The study is the first concrete step on a 14-chemical pipeline worth up to USD 10 bn
THIS MORNING: ENBD eyes HSBC’s Turkey operations + Adnoc consults on a possible pricing reshuffle
Good morning, friends. It’s been a quarter of catching our breath, and the markets are finally showing it. UAE equities…
THIS MORNING: DAE eyes up to USD 3 bn in acquisitions this year + Modon is ramping up development at Ras El Hekma
Plus: Private sector firms’ deadline for 1H Emiratization targets is here
EGA’s recycling hedge goes live + Etihad Energy moves downstream
The recycling plant at Al Taweelah has 185k tons of annual capacity
THIS MORNING: Oil exports inch back to 85% of pre-war levels + Dubai Holding eyes stake in data center developer Hscale
Plus: Gems Education is planning USD 30 mn expansion in India as home demand sees a dip
Dana Gas makes another Egypt discovery + Edge adds government weight to its European hub
The UAE-based natural gas player discovered around 10 bcf of gas reserves in the Nile Delta
S&P puts numbers on the UAE’s worst year in recent memory
Abu Dhabi will likely see its economy shrink 9%, while Dubai could see 2.5% contraction, and Sharjah and RAK are…
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