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UAE, Turkey ink AED 18 bn currency swap
Plus: Masdar completes acquisition of 50% stake in solar portfolio from Endesa
NextSource to build battery anode plant in Abu Dhabi
The project carries a total capex of USD 291 mn, with forecasts putting annual revenue at USD 195 mn
ADFD provides financing for GSU’s Uzbekistan acquisition
Plus: Upfront raises USD 12 mn to scale hiring and expand into Saudi Arabia
THIS MORNING: Dubai’s bubble risk rises amid looming supply glut, less affordable prices + BYD to roll out hundreds of fast chargers in the UAE
Plus: UAE is one of the world’s top five destinations for crypto investors, according to Henley & Partners
Dragon Oil expands Iraqi footprint with new agreements
Plus: UAE and Egypt inked five MoUs to boost collaboration in the aviation sector
THIS MORNING: AED 4 bn water projects in the pipeline for Sharjah + Binghatti Capital eyes three funds
Plus: Boating licenses now available online for tourists
Parkin to install 200 ultra-fast EV chargers in Dubai
Plus: MultiBank expands to Abu Dhabi + VT Markets bags Dubai license
UAE EV maker NWTN makes its foray into Pakistan
The agreement grants NWTN exclusive rights to use JW’s complete knock-down automotive assembly plant in Lahore
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