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THIS MORNING: USD bns worth of agreements incoming from UAE-Germany + DP World locks in Mombasa land grab
Plus: Gross bank assets rose 1.3% m-o-m in July
FAB, Mashreq and DP World are returning to debt markets as spreads stay wider than pre-war levels
FAB’s own price talk lands almost exactly on the wider UAE corporate spread Fitch flagged three weeks ago
THIS MORNING: UAE authorities are probing Binance on “third-party” fund flows, reports say + UAE-Russia trade services agreement enters into force
PLUS: DP World moved 500k TEUs across the GCC via road and rail since March
Fujairah freezone in Alamein, UAE firms expand in Southeast Asia and Australia, and contract lands for DWC project
All products from the 737.9k sqm zone are slated for export
DTC and Bolt add vehicles to platform, DP World taps Egypt’s Edecs for Tanzania’s busiest port, Parkin heads to Egypt, ADIB backs Glasgow logistics asset
Dubai Taxi adds 1.6k Arabia Taxi vehicles to Bolt platform Dubai Taxi Company (DTC) and Bolt are expanding the supply…
DP World makes headway on Port of Tartous, Adnoc Gas lines up contracts for RGD project, CBD allows for cross-bank payments, Sanad to double engine capacity, Tax Star secures USD 1.75 mn
DP World added three cranes to the Syrian port as part of its USD 800 mn investment program
Conflict weighs on earnings from Air Arabia, DP World, and Alec
Taqa’s net income rose on higher returns from its transmission and generation divisions
DP World moves in on Antwerp and Australia + Edenred secures CBUAE approval
The logistics giant inked a multi-year agreement in Australia and committed to a cold-chain facility in Belgium
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