UAE Edition 
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AI + Innovation (MENA) 
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THIS MORNING: UAE to potentially downgrade Israel ties over annexation threat?
Plus: Etihad Airways adds Damascus to its destinations
Middle East beauty startup raises USD 3 mn in seed funding
Led by a former Sequoia India investor, the company aims to build global beauty brands rooted in Middle East heritage
Al Futtaim closes Cenomi Retail stake acquisition
The transaction was executed through a share purchase from Cenomi’s major shareholders at SAR 44 per share
THIS MORNING: Emirates Islamic lines up green sukuk + Emirates Airlines to sponsor Real Madrid basketball team
Plus: Abu Dhabi test drives autonomous delivery vehicles
Spinneys expands footprint to Kuwait
The partners plan to roll out 10 outlets, with the first opening in 2026
Taqa taps Turner & Townsend to retire 1.64 GW power plant
Plus: Railbus to open engineering + innovation hub in May 2026
Union Coop 2Q net income up 12.8%
The company’s goods sale revenue reached AED 501.1 mn, up 8.8% y-o-y
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