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THIS MORNING: Mubadala says Man City saga won’t get in the way of UK investments + Adnoc L&S eyes a stake in Abu Dhabi offshore services firm
Plus: Emirates Islamic sukuk is 2.4x covered on day one
UAE economy contracts 2.1% in 2Q as war hits non-oil activity
Tourism, transport, and trade took a hit as non-oil GDP shrank 1.1%, leaving first-half economic growth barely in positive territory
THIS MORNING: Mubadala eyes more Asia exposure + more The Boring Company projects could be in the pipeline
Plus: Sharjah looks to target more India FDI
UAE project awards fall 26% in 3Q as construction contracts plunge
The UAE still grew its share of a shrinking GCC projects market to 33%, as a USD 6.2 bn gas…
Overseas moves from logistics players, more AED for public transport and Dubai CommerCity, CBUAE pushes on regional collaboration
DP World opened a 10k sqm distribution center in Bang Na, Thailand, expanding its Southeast Asian warehouse network across Malaysia…
THIS MORNING: UAE officials order investigation into flydubai incident + Paramount takeover gets a timeline and a financing plan
Plus: FAB is eyeing syndicating part of its USD 5 bn swap with Nigeria
THIS MORNING: L’imad eyes stake in cargo giant + UAE, Oman eye Hafeet Rail trials in 4Q 2027
Plus: A new platform will give Dubai authorities more visibility over their cybersecurity posture
UAE investors lead USD 3 bn round in The Boring Company as tunnel plans go national
The new round values TBC at USD 23 bn and comes as its UAE partnership expands beyond Dubai Loop to…
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