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S&P completes quarterly rebalancing of two DFM indices
Deyaar Development Company and Lulu Retail Holdings were added to both indices
THIS MORNING: Taqa revives talks for a stake in Spanish gas producer and renewables firm Naturgy -report + global energy demand grew 2.2% in 2024
Plus: Dana Gas mulls USD 500 mn bond or sukuk issuance
New AED 375 mn Dubai hotel + e& teams up with Motorola Mobility on B2B enterprise mobility solutions
Plus: DP World launches rail service in India for Reliance
M42 genome program + ultra-luxury watch buying spree in the spotlight
The FT looks at Abu Dhabi’s genome program, one of the most comprehensive in the world
DFSA moves to slash base capital requirements for fund managers
ALSO- The regulator proposed hiring rule changes for asset managers
Dubai-based travel and events firm Ambitions Enterprise is taking a 5% stake to Nasdaq
The tour operator plans to issue and float 1.5 mn new Class A shares priced between USD 4-5 apiece
Dubai inflation held steady at 3.15% in February
The index saw inflation rise 0.54% m-o-m
THIS MORNING: UAE outpaces US, UK and more in latest World Happiness Index + Beware where you park during Taraweeh
Plus: Lunate is launching an Asia-focused private equity fund
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