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Mubadala buys into Egypt concession, Emirates NBD diversifies into silver, and Abu Dhabi-Swiss JV looks to sovereign cloud and AI infrastructure
Mubadala Energy acquired a 15% interest in Egypt’s Nargis Offshore Concession from Italy’s Eni
BIS flags bubble-like conditions in gold, US equities
The bank noted this is the first time in at least five decades that equities and gold have hit bubble…
THIS MORNING: Incentives for hotels in Dubai South, Palm Jebel Ali, and more + AED-denominated physically deliverable gold contracts coming?
Plus: IHC board signs off on Multiply-Ghitha-2PointZero merger
L&T to build substation in UAE + Miral, e& launch Yas Island Metaverse
PLUS- XS.com obtains SCA license
THIS MORNING: Gold and diamonds to be tokenized by VARA and DMCC + Riyadh Air to launch Dubai route next month
Plus: Google’s Gemini Pro will be gratis for UAE university students for one year
Emirates Food Industries to develop AED 2 bn grain storage and processing complex at Khalifa Port
The firm will set up silos with a storage capacity of around 150k metric tons
India’s Shapoorji Pallonji completes first Dubai residential project
Plus: Dar Global awards AED 201.5 mn main works contract for Rak project
AD Ports explores green energy storage JV with Rotterdam’s Advario
ALSO- Innovest Holding and the US-based clean fuel firm Oxon Technologies are partnering on a USD 400 mn clean fuel…
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