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Adia-backed USD 18.3 bn Hologic buyout completed, UAE + Bahrain ink AED 20 bn currency swap, UK’s MHA makes UAE acquisition
The Hologic buyout marks the largest medical services takeover in nearly 20 years
THIS MORNING: Iran-linked institutions in the UAE are under scrutiny + Millennium Management eyes up relocating regional staff
Plus: India extends UAE gold imports quota + there’s more disruption for events and aviation
THIS MORNING: Fresh tax incentives on the table? + CBUAE holds rates steady
Plus: The UAE is staying on track with its USD 1.4 tn USinvestment pledge
THIS MORNING: Markets close in green for first time since war began + DP launches land bridge to bypass port disruption
Plus: The UAE’s tourism sector is the most exposed in the Gulf
THIS MORNING: Attacks on energy infrastructure in the Gulf continue + Flights disrupted last night due to missile threat
Plus: Fitch sees Strait of Hormuz closure as posing a “limited” shock to oil prices
Universal registers UAE’s first USD-backed stablecoin
The move positions USDU as the only registered foreign payment token currently permitted for compliant digital-asset settlement in the UAE
Banks in the UAE had a good year
The country’s top 10 banks’ aggregate bottom line rose 4.3% q-o-q to AED 23.6 bn
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