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THIS MORNING: Is MGX eyeing an investment in Elon Musk’s AI startup? + A new USD 1 bn fund is coming to Abu Dhabi
Plus: Abu Dhabi eyes Cyprus’ gas sector
Dubai to get new trackless tram, more road upgrades as part of AED 16 bn urban mobility and infrastructure plan
The authority plans to introduce a trackless tram system at eight locations
Many, many earnings…
Adnoc Distribution, DFM, Pure Health, Alef, and Americana post their earnings
THIS MORNING: Fuel prices are up in November + Visa overstay amnesty period extended
Plus: Cross-border digital currency platform mBridge faces a hit as Bank of International Settlements withdraws from project
DP World and Egypt ink MoU to develop freezone in Egypt
The project aims to foster more investments across the manufacturing, trade, and logistics sectors
Adnoc Drilling, e&, ADIB, and more report 3Q earnings
Adnoc Driling’s bottom line surged 30% y-o-y in 3Q
Dubai ruler approves record AED 272 bn budget for 2025-2027
Revenues will come in at AED 302 bn over the next three years
DAE purchases ten aircraft for USD 500 mn
Plus: Abu Dhabi Fund for Development to promote sustainability in Latin America
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