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NMC, Dubai Islamic Bank bury the hatchet
DIB to own NMC’s new holding company
Borse Dubai plans USD 1.6 bn sale of a third of its stake in Nasdaq
The stake sale comes in a bid to “enhance the capital structure and liquidity” of Borse Dubai
ADX, DFM rebalance benchmark indices + S&P rebalances two UAE indices
ADX added five companies to its FTSE indices
Dubai ramps up public-private partnerships for development, approves regulatory framework for Dubai Sandbox
The council approved an AED 40 bn budget for the Dubai Portfolio for Public-Private Partnership
Nakheel, Meydan to merge under Dubai Holding
Sheikh Ahmed Al Maktoum will head the new entity
G42 to develop AI corporate assistant
PLUS: Visa, Paymate and Merex partner to develop a B2B digital rental payments system
Quincy Promes’ detention in Dubai dominates headlines on the UAE in the foreign press
Promes was arrested earlier this month on what UAE officials said was a local offense
First IPO of the year was 165x oversubscribed
The DIF-owned company priced its IPO at AED 2.10
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