UAE Edition 
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AI + Innovation (MENA) 
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The UAE’s largest 10 banks raked in AED 20.8 bn worth of net income during 1Q
The top 10 banks saw their net income surge 9.3% q-o-q
Palm Jebel Ali infrastructure awards handed to DBB, Khansaheb
Plus: Emirates Properties completes 50% of the first phase of Azha in Ajman
UAE banks lead q-o-q deposit growth in GCC banks -Kamco
The UAE ranked first in deposit growth
FAB closes in on acquisition of Yapi Kredi + Al Mal Capital REIT adds Dubai school to its portfolio
The Emirates’ biggest lender has reportedly been in talks to acquire 61.2% in Yapi Kredi
Dubai AI cluster is now online
PLUS: PureHealth launches Sakina, a mental health platform + SIB joined e&’s blockchain trading platform, Haifin
AD Ports to upgrade Bangladesh’s Chittagong ports
Plus: MBZ-SAT is set to takeoff aboard SpaceX rocket post-October
Foot-dragging by the Fed on rate cuts is good news for GCC banks –S&P Global
Cutting rates by 100 bps trims rated Gulf banks’ net income by c. 9%, according to S&P Global
You get a visa, you get a visa, everybody gets a visa
PLUS: M42 to launch a new AI clinical model
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