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THIS MORNING: G42 to launch sovereign AI cloud in France soon + Emirates NBD could get nod from Indian central bank for controlling stake in RBL
Plus: IEA expects supply glut in 2026
AD Ports to develop auto hub network with China + More EV chargers coming our way
Plus: Eshraq Investments expands into the maritime and industrial sector
UAE, Turkey ink AED 18 bn currency swap
Plus: Masdar completes acquisition of 50% stake in solar portfolio from Endesa
Abu Dhabi raises USD 3 bn in oversubscribed dual-tranche bond sale
The issuance saw USD 18.5 bn in orders and was more than five times oversubscribed
UAE banks’ earnings flat in 2Q as impairments surge
Impairments jumped 81% q-o-q to AED 2.9 bn, wiping out gains from a 5.5% rise in net loans and advances
Emirates NBD’s DenizBank issues USD 270 mn green bond
The issuance brings its total proceeds from green bonds to USD 350 mn
Dubai inflation cools in August
Monthly inflation slowed to 0.11% in August from 0.42% in July
Al Futtaim closes Cenomi Retail stake acquisition
The transaction was executed through a share purchase from Cenomi’s major shareholders at SAR 44 per share
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