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UAE, Turkey ink AED 18 bn currency swap
Plus: Masdar completes acquisition of 50% stake in solar portfolio from Endesa
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
Mashreq NEO CORP is setting a new standard for corporate digital banking
Mashreq is leading from the front with NEO CORP, a digital banking platform that is focused on delightful client experiences,…
THIS MORNING: Dubai’s KHDA mulls initiatives to lower private school tuition fees + ADX to add three more exchanges to Tabadul this year
Plus: Tadweer launches new waste collection arm
Consumer loans up 55% from 2021 levels this year -S&P Global
This expansion mirrors robust economy, strong employment conditions, and increasing population inflows
DP World to launch cold storage facility in Egypt
Plus: India’s Rana Group breaks ground on RAK manufacturing hub
EIB issues USD 500 mn sustainability-linked sukuk
The spread was tightened by 30 bps on strong demand
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