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DLD taps Ctrl Alt for real estate tokenization project
Plus: NMDC LTS and Chaoda plan UAE energy valve facility
Dubai’s Vara sets stricter standards for the emirate’s crypto sector
The updated framework introduces stricter controls on margin trading, token distribution, and collateral wallet arrangements
THIS MORNING: Emirates NBD to set up unit in India + Ex-Magellan trader files complaints over alleged regulatory breaches
Plus: Parkin rolls out monthly subscription packages
Egypt’s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform
Plus: Canater has secured USD 1 mn from regional investment firm Foras in exchange for a 10% equity stake
Fuze raises USD 12.2 mn to power MENA expansion
The round was led by Galaxy and e& Capital
THIS MORNING: Arada could look to IPO in three years + Real estate prices dipped for the first time since 2022 in January
Plus: More debt issuances from local banks?
AD Ports teams up with CMA CGM on JV to develop Congo terminal
Moody’s affirms Aldar Properties’ credit rating
Crypto ads now need to carry a warning in Dubai, as Vara cracks down on crypto marketing
Guidelines violations will incur fines of up to AED 10 mn
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