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UAE’s 10 largest banks see combined net income rise 8.4% q-o-q to AED 22.2 bn in 1Q
Growth was supported by a 59.3% q-o-q reduction in impairment charges and an 18% quarterly rise in net fee and…
Madagascar wants UAE investments + Emirates has its eye on developments in Russia
PLUS: UAE citizens can travel to Japan for up to 90 days sans visa
TSMC is reviving potential plans for a USD multi-bn advanced chip factory in the UAE
PLUS: Adani walks away from acquiring Emaar Group’s India operations
ADCB eyes second USD 600 mn Formosa bond sale this year
The senior unsecured notes are priced at a spread of 100 bpd above SOFR
Make it in the Emirates: Final day delivers more financing for industrials + EV, healthcare, and oil and gas partnerships
Partners include Borouge, Mubadala, Adnoc, Aldar, Adib
AD Ports explores green energy storage JV with Rotterdam’s Advario
ALSO- Innovest Holding and the US-based clean fuel firm Oxon Technologies are partnering on a USD 400 mn clean fuel…
UAE banks line up AED 40 bn for industrials, AED 1 bn for SMEs
The country has launched an AED 1 bn fund operating under Emirates Development Bank to support SMEs
Arabian Construction Company taps HSBC, FAB for its upcoming IPO
The listing could happen as soon as 2H 2025
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