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SIB’s post-rights-issue lending push drives 15% earnings growth
Net income rose 15.3% to AED 803.9 mn, while operating income climbed 20.5% to AED 1.4 bn
THIS MORNING: Another rating affirmation + Al Taweelah back at 50% capacity within days
Plus: A new AED 2 bn Dubai road project
THIS MORNING: UAE to begin talks to join CPTPP trade pact + e-invoicing’s pilot phase in starting
Plus: 2.8k first joined Sharjah Chambers in 1H
S&P puts numbers on the UAE’s worst year in recent memory
Abu Dhabi will likely see its economy shrink 9%, while Dubai could see 2.5% contraction, and Sharjah and RAK are…
THIS MORNING: UAE eyes acquiring India defense systems + Mubadala weighs up investment in South Korean defense player
Plus: We have more details on the economic support package for firms in Sharjah
THIS MORNING: DP World eyes a return to the US + Dubai Islamic Bank taps debt markets again
Plus: Int’l neobank Revolut has cleared the last formal hurdle before a UAE customer launch
THIS MORNING: Adnoc is making up for lost barrels + IRH inks USD 500 mn supply agreement with India
Plus: Sharjah is the latest emirate to be rolling out economic support measures
Another capital markets link-up, more multi-bn AED real estate projects in the pipeline, AD Ports starts Safaga trial run, Algebra AI raises USD 7 mn
Official recognition from Switzerland’s financial regulator could open the door to more Swiss participation on the DFM
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