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Sharjah sells RMB 2 bn Panda bond
The proceeds will finance budget expenditures and infrastructure projects
THIS MORNING: Sharjah eyes RMB-denominated loan + Emirates NBD back in talks with India’s RBL Bank?
Plus: Dubai Loop to open next year?
Sharjah Islamic Bank net income up 22.7% in 3Q
The lender’s total operating income rose 16.8% during the quarter
THIS MORNING: XRG reaches final investment decision on Mozambique LNG facility + RAK to get autonomous taxis
Plus: BlueFive Capital, Sriwijaya Capital eye Southeast Asia-focused investment corridor
Mashreq expands Climb2Change initiative to India + Investcorp continues divestment drive
Plus: DLD launches real estate business incubator
K2 partners with Malaysia on AI development
Plus: Canada’s BanQsi opens office in Dubai
UAE banks’ earnings flat in 2Q as impairments surge
Impairments jumped 81% q-o-q to AED 2.9 bn, wiping out gains from a 5.5% rise in net loans and advances
DP World to launch cold storage facility in Egypt
Plus: India’s Rana Group breaks ground on RAK manufacturing hub
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