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THIS MORNING: NMDC Energy to debut on the ADX + Joby Aviation applies for operational license in UAE
Plus: Opec+ cuts crude demand growth for 2024 and 2025
NMDC Energy closes AED 3.2 bn IPO with 31x oversubscription rate; shares start trading 11 September
Plus: GCC bank profitability looks good this year | Leon Black sets up family office outpost in ADGM
It’s the last day to subscribe to NMDC Energy’s ADX IPO
Plus: Adia and co-investors are selling a USD 1.2 bn stake in Swiss skincare outfit Galderma
NMDC Energy IPO already oversubscribed
Plus: The visa overstay amnesty period kicked off yesterday
NMDC Energy’s book building process kicks off + EGA, Brands for Less eye more expansion and acquisitions
Plus: CBUAE’s T-Sukuk auction 5.7x oversubscribed
NMDC to list 23% of EPC unit on the ADX in AED 3.22 bn IPO
NMDC obtains a capital funding essential to fuel its future projects
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