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THIS MORNING: DFSA clarifies Islamic finance rules + Standard Chartered eyes UAE expansion
A new desalination plant is coming to Fujairah
Mubadala-Warburg in the lead to acquire Indian pharma outfit Encube Ethicals at USD 1.8 bn valuation
Topical Indian drug maker Encube Ethicals emerges as a beneficiary as the US moves away from China’s pharma supply chain
ADQ’s Arcera partners on Alzheimer’s meds agreement
The agreement grants Arcera commercial rights in Latin America, the Middle East, Southern Africa, Ukraine, and parts of Eurasia
MBRSG and UNDP partner on AI policy
The partnership aims to develop AI ethics evaluation frameworks
CBUAE, Hong Kong Monetary Authority to streamline cross-border debt issuance
Plus: The MBRHE and Wasl Group joined forces to develop sustainable housing
Julphar sells Saudi retail pharmacies unit for AED 434 mn
The sale is slated to be finalized in 1Q 2025
Epson, Neuraxpharm Group set up subsidiaries in Dubai to serve wider region
The new subsidiary will offer technology solutions to several sectors
Julphar appoints Khalid Zuhair Malkawi as new CFO
The appointment is in light of Ignacio Anglada's resignation
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