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Seviora and FAB link up, another Chinese bank expands to DIFC, and AÏZA raises funds for Saudi expansion. Plus: More warehousing capacity at Kezad
FAB will look into distributing Temasek’s asset manager’s strategies to its clients
Riyadh, Dubai, and Abu Dhabi gain ground in Global Financial Centers Index despite regional conflict
Riyadh and Abu Dhabi logged two of GFCI’s largest gains anywhere, while Dubai’s underlying rating rose even as its rank…
Mirae Asset opens DIFC office, Sav banks USD 3.5 mn for Saudi push, Investment Ministry helps Sunstone + EGA’s aluminum ambitions
Another global manager lands in DIFC South Korea’s Mirae Asset — which oversees more than USD 400 bn globally —…
DFSA proposes scrapping rigid fund classifications in DIFC's biggest funds overhaul since 2010
The DFSA is proposing to scrap rigid private-fund labels and cut credit-fund capital requirements to USD 40k from USD 140k…
XRG increases stake in Rio Grande project + Emarat opens up in Armenia
Through its DIFC operations, the lender will let institutional clients mint and redeem USDC through its platform
THIS MORNING: MGX raises USD 49 bn + UAE-Iran trade is back
Plus: There’s now an easier way to settle commercial disputes through DIFC
Arab Bank Switzerland opens up in Dubai + Dubai Residential REIT buys AED 894 mn cluster
The private banking group’s DIFC presence will focus on entrepreneurs, family offices, and HNWIs
Revora raises for Saudi expansion, Varenne opens up in DIFC, another addition comes to Abu Dhabi’s culture scene, and India’s Rites to form UAE JV
Revora, formerly known as MyAlice, designs AI tools that help e-commerce merchants automate sales and customer interactions
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