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Gulf Mercantile Exchange taps two new executives
James Martin was tapped as chief growth officer, while Kevin O’Reily will become the new head of commodities
New permit allows Dubai freezone firms to expand to the mainland
Freezone firms holding a Dubai Unified License can apply to expand into mainland jurisdictions
THIS MORNING: Gold and diamonds to be tokenized by VARA and DMCC + Riyadh Air to launch Dubai route next month
Plus: Google’s Gemini Pro will be gratis for UAE university students for one year
China Southern Glass to open AED 300 mn Kezad facility + Emirates Float Glass to double capacity
Plus: Omniyat launches AED 5 bn tower on Sheikh Zayed Road
Gulf heirs reshape and relocate wealth to the UAE
Still, portfolios of riskier assets remain more conservative than in the West
THIS MORNING: EGA eyes acquisition of Brazil’s Companhia Brasileira de Alumínio? + Revolut CEO moves residency to UAE
Plus: Kuwait’s Jazeera Airways resumes flights to Abu Dhab
THIS MORNING: Adnoc submits concessions to secure Covestro acquisition + Adia locks in shares in LG India’s IPO
Plus: DAE sounds out banks for sukuk
Dubai tightens regulations around engineering consultancies
The law bans unlicensed firms or individuals from offering consultancy services, with violators facing fines of up to AED 100k
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