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Uber and WeRide are bringing robotaxis to the UAE
PLUS: Arada completes USD 150 mn tap into sukuk issuance
THIS MORNING: More family offices, lenders set up shop in Dubai + Kenya eyes USD 1.5 bn bailout from the UAE
Plus: NeoPay to expand in the region?
China rolls out stimulus package to give a boost to the economy
China’s benchmark CSI 300 Index rose by 4.3% on the news
UAE, US ties are in a “new phase,” says political expert + hedge fund employees in Dubai exceed the 1k mark
The UAE has new priorities to resolve geopolitical tensions and advance responsible AI development, Abdulla says
Bybit launches world’s first Islamic crypto trading platform
The Islamic account includes spot trading with up to 75 Shariah-compliant tokens
It’s still all about interest rates everywhere on Planet Finance
Fed officials left the door open for more big rate cuts this year
Brookfield raises USD 2.4 bn for the UAE-backed Catalytic Transition Fund + TPG raises USD 1.25 bn, with backing from Alterra
The CTF is anchored by a USD 1 bn commitment from Alterra fund set up by the UAE during COP28
THIS MORNING: ADCB pledges support for nuclear energy + Masdar shortlisted for Oman wind projects
Plus: Singapore Exchange and General Atlantic eye expansions to the UAE
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