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Emirates NBD’s income falls, while Islamic arm delivers + Du has another strong quarter
Lower impairment reversals and a higher tax charge offset growth in core banking income
Emirati lenders back AED 937.5 mn loan for Africa Finance Corporation
The financing comes as the institution looks to divesify its funding base
India’s Shapoorji Pallonji completes first Dubai residential project
Plus: Dar Global awards AED 201.5 mn main works contract for Rak project
Dubai Metro expansion gets AED 3.9 bn boost from Emirates NBD
Work on the AED 20.5 bn project kicked off last month
Dubai inflation holds steady in June
On a monthly basis, prices grew 0.28% in June, returning to inflation territory
Earnings season is coming, and the outlook is positive for UAE banks
Loan growth is expected to increase by 2.8% q-o-q in the UAE
Mashreq ranked the top-performing in the UAE by The Banker + G42 makes it to TIME’s 200 most influential companies list
Dubai Islamic Bank came in second
THIS MORNING: More PE giants eye Abu Dhabi + India’s RBL Bank denies reports of Emirates NBD acquisition talks
Plus: UAE ranks second in Kearney’s 2025 Emerging Markets Foreign Direct Investment Confidence Index
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