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DIB kicks off sale of AT1 sukuk
The initial price guidance was set at around 5.75%
THIS MORNING: Adia to participate Adani’s USD 2 bn share sale? + Dubai will be 90% cashless by 2026
Plus: Acelen bondholders are getting antsy as talks for a sale of the Mataripe refinery from Mubadala drag on
NMDC Energy lands AED 5.05 bn contract with Modon Holding
NMDC has several projects in the pipeline across the GCC
THIS MORNING: More tech IPOs in the next 18 months? + Dubai Holding mulls setting up an REIT -report
Plus: Hydrogen-powered tower coming soon?
Dubai developers plan over AED 16.7 bn in investments
Reef Developments is eyeing AED 14 bn in investments by the end of next year
Non-oil business growth sees continued “loss of momentum” in September
The UAE’s PMI slipped to its second lowest level in three years
THIS MORNING: Dubai attracted AED 21.85 bn in greenfield investments in 1H + President heads to Egypt on working visit
Plus: More details on Dubai’s new education strategy
Mashreq grants Gargash Group its debut green loan + New CFDs fro DFM, ADX indices
Plus: Lots of real estate, crypto, hospitality, and construction news
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