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Another support package for SMEs, RAK developer pushes ahead with Dubai expansion, and Kezad sees new projects
Dubai South rolls out an incentive package for SMEs, including rent-free periods, payment deferrals, and waived penalties
THIS MORNING: Nafis Emiratization program extended + Abu Dhabi tourism was on a roll last year
Plus: Iran rejects Pakistan-brokered 45-day ceasefire proposal
THIS MORNING: Global PE firm pushes ahead with ADGM expansion + IGCSE, A-level exams also scrapped
Plus: Opec+ will likely go for another supply hike on Sunday
ADIB targets healthcare sector, more supply chain support in Abu Dhabi, Borouge International lands, long-term stay startup secures funds, India’s PB Fintech invests in UAE arm
ADIB is taking a slice of the global healthcare trade ADIB Capital, Abu Dhabi Islamic Bank’s (ADIB) DIFC-based asset management…
THIS MORNING: Reports circle of EGA selling off alumina stock + of a Trump-linked defense firm selling systems to UAE
Oxford Economics also have a sobering prediction for the GCC’s GDP
GCC banks face 50% dividend haircut to preserve USD 10 bn capital safety margin -Bloomberg Intelligence
The banking sector is preparing to absorb a 5-15% hit to earnings
THIS MORNING: UAE demands assurances and compensation from Iran + Abu Dhabi tightens governance for real estate
Crude flows via the port of Fujairah are on the up amid Hormuz bypass
THIS MORNING: UAE-backed Indian telecoms giant in talks with investors for IPO + Are oil refiners using AED to avoid using USD?
Plus: Abu Dhabi is clamping down on price gouging as supply chain disruption continues
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