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UAE corporate bond spreads are wider than at the peak of the war
Abu Dhabi’s corporate bond spread over Treasuries is now wider than it was during the March peak of the war
THIS MORNING: Lulu Island is in for a revamp + Finnair is the latest airline to cancel flights to Dubai for the year
Plus: Amea Power is in talks with Egypt's Housing Ministry on potential investments in solar-powered water infrastructure
ADIB taps AI veteran Pedro Uria-Recio to scale AI deployment across the bank
Former CIMB Bank executive joins ADIB to scale AI across customer experience, risk, and operations
Abu Dhabi exploring joint AI lab with US research institutions to test quantum computing on water and power problems
Plus: The Department of Energy delegation met up with regulators and academic partners in the US to discuss water regulation,…
Social Support Authority in Abu Dhabi gets a new director general
Fadhel replaces Abdulla Humaid Al Ameri, who held the role for two years
DTC and Bolt add vehicles to platform, DP World taps Egypt’s Edecs for Tanzania’s busiest port, Parkin heads to Egypt, ADIB backs Glasgow logistics asset
Dubai Taxi adds 1.6k Arabia Taxi vehicles to Bolt platform Dubai Taxi Company (DTC) and Bolt are expanding the supply…
Adic’s USD 1 bn bet on Dymon Asia Capital is its third major hedge fund allocation this year
Adic is looking to build USD 15 bn worth of exposure to global hedge funds
Abu Dhabi’s megacaps made 73% of UAE’s 1H earnings
Dubai’s earnings flatlined because its economy is built on the sectors most exposed to the fallout from the Iran conflict…
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