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New Dubai law creates regulatory body, compliance system for contractors
Violations carry fines of AED 1k-100k, with repeat offenses within a year doubling to AED 200k
More potential crypto payments for flights + at airports
Plus: CDB lists dual-currency bonds on Nasdaq Dubai
Du, Omantel activate 275-km subsea cable
Plus: Metro Blue Line project management contract goes to Parsons
Abu Dhabi and Dubai take top global spots in data center growth rankings
Khazna Data Centers leads the surge, controlling over 50% of the UAE’s data center market
First private developer Select enters Palm Jebel Ali + GEMS launches school-in-a-box venture
Also: Indian mining firm NMDC is setting up shop in Dubai to monitor potential acquisitions
THIS MORNING: UAE on track to surpass Saudi Arabia in construction contracts for the first time in years
Plus: Dubai regulator reportedly searches offices of Magellan Capital
Zand gets a BBB+ rating from Fitch
Plus: Adio, Adpic to streamline PPP delivery
Abu Dhabi’s DoH eyes local pharma production
Plus: Burjeel launches mental health platform
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