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ICAEW maintains UAE’s economic growth forecast, revises downwards its GCC forecast
Trade policy uncertainty has cooled down in recent months, while increased oil production and non-oil momentum buoys the forecast
Dragon Oil expands Iraqi footprint with new agreements
Plus: UAE and Egypt inked five MoUs to boost collaboration in the aviation sector
CBUAE lifts GDP forecast this year to 4.9% on higher oil production and non-oil momentum
Growth is forecast to accelerate to 5.3% in 2026
XRG-led consortium walks away from USD 18.7 bn play for Santos
The withdrawal ends months of talks over what could have been Australia’s biggest all-cash corporate takeover
THIS MORNING: DIP confirms IPO plans + e& Enterprise to develop data center infrastructure in Serbia
Plus: RTA to set up battery-swapping stations for electric bikes
Ades raises bid for Dubai-based Shelf Drilling
The update reflects an upward revision in annual cost synergies to USD 50-60 mn
Marjan appoints Alec as main contractor for RAK Central HQ Office Complex
Plus: Dragon Oil will drill new wells in Egypt and invest up to USD 30 mn in the new concession
Dubai Airshow drops Israeli weapons manufacturers
PLUS- Dubai Investments Park plans to IPO by February
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