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Global turmoil drives bns of losses in corporate earnings since 2017
About 25% of the 3.5k companies have seen a 5% decrease or more in EBITDA margin in the 2017-2024 period
UAE opens a new trade link to China through Northern Pakistan
PLUS: Adnoc Distribution inked a five-year contract with Adnoc Gas Facilities to secure propane supplies through 2028
THIS MORNING: President Sheikh Mohamed bin Zayed is in Russia for Brics summit + LuLu Group kicks off IPO roadshow
Also: Gateway Partners is reportedly mulling a sale of its stake in Tim Horton’s Gulf franchise
Al Marri talks sustainable tourism in Moscow + UAE pledges emergency assistance to Sudan, South Sudan
The BRICS meeting focused on enhancing sustainable tourism cooperation
More on the storm + Russian expats in Dubai
Nasa satellite images show the extent of flooding across the country during the storm
Adnoc eyes European petrochemical M&A to keep it resilient through decarbonization
The petrochemicals sector is expected to be persist beyond 2050 if decarbonization efforts succeed
UAE brokers Russia-Ukraine prisoner swap + President meets WHO chief
The deal saw the repatriation of 248 captured Russian soldiers
Putin talks war, economic ties with Bin Zayed
It is the Russian president’s first visit to the region since Russia’s invasion of Ukraine in February, 2022
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