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Logistics (MENA) 
NMDC Energy closes AED 3.2 bn IPO with 31x oversubscription rate; shares start trading 11 September
Plus: GCC bank profitability looks good this year | Leon Black sets up family office outpost in ADGM
Abu Dhabi’s TAQA completes AED 1.7 bn acquisition of SWS Holding
SWS is Abu Dhabi’s sole wastewater collection and treatment facility.
Open banking Startup Tarabut buys London’s Vyne + Gulf Capital exits Middle East Glass
Tarabut is gearing up to offer banks the ability to do account-to-account transfers as the Gulf edges toward open banking
It’s the last day to subscribe to NMDC Energy’s ADX IPO
Plus: Adia and co-investors are selling a USD 1.2 bn stake in Swiss skincare outfit Galderma
Dubai companies saw net income rise 30.9% y-o-y in 2Q 2024
Companies listed in Abu Dhabi saw profitability rise 4.7% y-o-y in 2Q
Abu Dhabi to get hydrogen-powered buses next month? + Dubai claimed the ninth spot on Lloyd’s List’s top 100 ports list
Plus: Dragon Oil explores more production in Turkmenistan
Al Ghurair Foods breaks ground on corn starch factory in Abu Dhabi’s Kezad
The factory’s output will include native and modified starches, glucose syrups, and maltodextrin
Extended maternity leave in Abu Dhabi kicks in next month + Pakistan eyes more Middle East funding to plug financing gap
Plus: Bank of Singapore is considering adding Dubai to its booking centers network
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