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A chunk of IHC sold in block transaction on ADX
PLUS: The UAE set to get its first sustainable aviation hub
THIS MORNING: MGX to back OpenAI? + Rede Partners to set up shop in Dubai
Plus: Blackstone could offload stake in Dubai-based VFS Global
THIS MORNING: Adnoc to submit final EUR 14.4 bn bid for Covestro + Etihad Airways IPO pushed to next year?
Plus: Gross bank assets inched up at the end of June
ADQ launches smart mobility firm to operate Darb, Mawaqif
PLUS: Rakbank makes its first CBDC cross-border transfer
India, UAE agree to boost trade, mining, logistics cooperation at business forum
The forum was organized by the UAE Economy Ministry and the UAE Embassy in India
IHC’s Finstreet secures licenses for first digital trading platform in ADGM
The platform will cover the full lifecycle of both private and public financial assets
GDP grew 3.4% in 1Q
The biggest driver of growth in the non-oil sector was financial and ins. services
Rating updates for FAB, Emirates NBD, and ADIB
Plus: Barakah nuclear plant’s fourth reactor is now running at commercial scale
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