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Oaktree-backed Pure DC lines up USD 1.9 bn financing framework, adding FAB to its lenders
Banks offered better terms than the bond market, and the new debt is meant to set up a stake sale
Al Etihad Payments, Bank of Sharjah make executive appointments
Digital banking veteran takes charge as AEP expands adoption of Aani and Jaywan
Investors are backing AI-native UAE banks, and Islamic finance could gain the most
The central bank’s rules mean a human still owns every decision, which sets the limit on how far automation can…
Mashreq posts a record nine months as recoveries flow in, while FAB’s impairment charges climb and Borouge and DFM feel the conflict’s drag
Mashreq released provisions as FAB added to them, and Borouge’s rerouted shipments around Hormuz hiked up logistics costs
Absa opens in DIFC + DFSA fines Moody’s for data privacy failings
South Africa’s third-largest bank is hoping to tap into the growing Gulf-Africa trade
The Year of the Family puts financial continuity on the agenda
The UAE’s Year of the Family is a prompt for institutions to look past the next quarter. The initiative emphasizes…
UAE SMEs are borrowing again after a punishing year -Beehive’s CEO
The lender expects a record AED 150 mn in October approvals, but it’s keeping credit tight into 2027
THIS MORNING: Sharjah doubles its gas production + Indonesia turns to the UAE for fuel supplies amid disruption at home
Plus: Could a clamp down on loan hopping be on the way?
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