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More direct flights to China + IHC eyes Lunate’s Ghaf Benefits scheme
PLUS: Ewec to power 22 Burjeel Holdings’ facilities with green energy
Northern Emirates saw c.3% rental rate growth for most of 2024 as more Dubai tenants relocate
Ras Al Khaimah led the Northern Emirates with a 78% jump in transaction values
UAE’s largest 10 banks earned AED 82.8 bn in net income in 2024
Total interest income rose 6.7% y-o-y
THIS MORNING: Alpha Data likely to price IPO at top of range + Is Sidara’s acquisition of Wood Group back on the table?
Plus: A host of debt updates from Sharjah Islamic Bank and Tabreed
UAE banks ramp up debt issuances
Emirates NBD and Sharjah Islamic Bank are set to launch fresh issuances on Euronext Dublin and Nasdaq Dubai
Shelf Drilling taps Arabian Drilling rigs in new global offshore expansion pact
The partnership is aimed at expanding their offshore drilling operations worldwide
Adnoc Drilling looks to raise USD 1 bn to refinance debt, drive expansion
The company has USD 750 mn in debt due in 4Q 2025
Sharjah introduces 20% corporate tax for natural resource firms
Late payments incur 1% monthly penalties
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