UAE Edition 
MENA+ Edition 
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AI + Innovation (MENA) 
Logistics (MENA) 
PhonePe eyes UAE payments, M42 expands in Central Asia, and Core42 and du bet on locally built cybersecurity
India’s biggest payments app gets closer to a UAE launch, M42 opens its first dialysis clinic in Kyrgyzstan, and Core42…
THIS MORNING: Du gets the MSCI EM nod as two names get the boot + Wendy’s could be BlueFive’s latest play
Stargate UAE is still on track despite the war
Pemo is closer to expanding its offering + DTC links up to du’s cloud
The Dubai-based fintech secured in-principle approval from the Central Bank of the UAE for a stored value facilities license
CBD reports strong 2Q earnings + du remains resilient
Operating income slipped 0.6% y-o-y to AED 1.44 bn in 2Q
du set aside USD 50 mn for startups through new Shorooq-managed fund
The telecom operator is backing startups in AI, fintech, cybersecurity, and cloud
United Arab Bank shines, Commercial Bank of Dubai steadies the ship, du on solid footing in 1Q
Stronger core income supported both lenders, even as impairment costs rose during a volatile quarter
Du secures AED 2 bn war chest
The facility remains undrawn and features improved terms (read: lower standby costs)
Iran targets state-owned telecom infrastructure for the first time, hitting a Du building in Fujairah
But the bigger escalation could still come this week…
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