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THIS MORNING: Fuel prices slashed for January + Minimum wage hiked for Emiratis
Plus: Major banks begin phasing out OTP texts
US-listed ETFs land on ADX, and KKR makes a Gulf investment
The ADX is now the first exchange in the Arab region to cross-list US-domiciled ETFs
Brics’ NBD’s list USD 50 bn note program on Nasdaq Dubai + Several firms join new FIDA cluster in Abu Dhabi
ALSO- An agentic AI platform for lawyers raises pre-seed round
ADCB wraps biggest-ever ADX rights issue
The lender said all 592.2 mn new shares were fully subscribed at AED 10.3 each
Bank of China lists another USD 500 mn on Nasdaq Dubai
Plus: Investcorp Capital acquires US fire and life safety services provider
Dubai Residential REIT posts solid 9M performance
The REIT’s revenues are up 10% y-o-y
ADX launches region’s first high-dividend index
The new index offers investors a gateway to the market’s strongest dividend-generating companies
Dubai, Abu Dhabi lead 3Q earnings growth in the GCC
Dubai-listed firms’ net income jumped 29.7% y-o-y, while Abu Dhabi companies posted a 17% increase
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