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AI + Innovation (MENA) 
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More earnings pour in…
Adnoc Distribution, Lulu Retail and more post 2024 earnings
Hafeet Rail inks contracts for freight wagons, logistics facilities, and transport of raw minerals
Plus: Alef Education expands AI learning solutions in Indonesia
Dubai’s GDP grew 3.1% y-o-y in 9M 2024
Wholesale and retail trade contributed 24.5% of GDP
THIS MORNING: MGX to invest in French AI + Anthropic?
Plus: ADQ eyes investments in Vietnam
Sultan Al Mansoori becomes chairman of Dubai Chambers and the Dubai Chamber of Commerce + Brevan Howard’s Middle East CEO steps down
Al Mansoori is a board member of the Commercial Bank of Dubai and Emaar
Sharjah taps banks for second EUR 500 mn issuance, as Moody’s assigns the emirate a Baa1 credit rating
The EUR 500 mn issuance follows two other issuances last year
Saudi IPOs beat regional peers in terms of post-IPO performance last year
Newly listed Saudi stocks saw 37% post-listing gains, as opposed to the UAE’s 17%
THIS MORNING: France, UAE to invest in AI as part of planned strategic partnership
Plus: Construction costs could rise 2-5% in the UAE this year
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