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THIS MORNING: G42 to launch sovereign AI cloud in France soon + Emirates NBD could get nod from Indian central bank for controlling stake in RBL
Plus: IEA expects supply glut in 2026
China tightens control on rare-earth minerals
The US is directly affected as it sources 70% of its rare-earths exports from China
L&T to build substation in UAE + Miral, e& launch Yas Island Metaverse
PLUS- XS.com obtains SCA license
More trouble for Eshraq as Goldilocks loses value
PLUS: Invest Bank secures CBUAE license for Islamic banking window
DP World enters JV with Uzbekistan’s Tashkent City for a new logistics terminal
DP World will hold 85% of the JV equity capital, while Tashkent Invest will contribute the remaining 15%
Mira to build AED 55 bn community on Abu Dhabi-Dubai highway
Plus: Taaleem to build school in MAF’s Ghaf Woods
New permit allows Dubai freezone firms to expand to the mainland
Freezone firms holding a Dubai Unified License can apply to expand into mainland jurisdictions
Lunate + Blackstone set up GCC-focused USD 5 bn logistics platform
The new platform, glide, will invest in Grade A logistics assets across the GCC
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