{"id":106086,"date":"2025-07-31T00:00:00","date_gmt":"2025-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-cbuae-holds-rates-steady-again-adgm-proposes-amendments-to-expand-authority-for-tighter-oversight\/"},"modified":"2025-07-31T00:00:00","modified_gmt":"2025-07-31T00:00:00","slug":"this-morning-cbuae-holds-rates-steady-again-adgm-proposes-amendments-to-expand-authority-for-tighter-oversight","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/this-morning-cbuae-holds-rates-steady-again-adgm-proposes-amendments-to-expand-authority-for-tighter-oversight\/","title":{"rendered":"THIS MORNING: CBUAE holds rates steady, again + ADGM proposes amendments to expand authority for tighter oversight"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>It\u2019s another busy newsday as we inch closer to the weekend, with a lot of M&A and regulatory updates \u2014 plus plenty of analysis into the region\u2019s equity and debt capital markets\u2019 performance this year.<\/p>\n

The big story of the day is the latest trade figures for 1H 2025<\/strong>, which saw another strong showing for non-oil exports. Plus: Gulf Capital<\/strong> wrapped a successful exit<\/strong> for Art Fertility\u2019s operations in the Middle East, selling it to a KKR-backed fertility network. And, for the social media influencers among you,<\/strong> the Media Council is now making it mandatory for all content creators with promotional content to obtain an advertising permit. <\/p>\n

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<\/a> BUT FIRST- The Central Bank of the UAE held interest rates steady for the fi<\/strong>fth time in a row<\/strong>, following in the footsteps of the US Federal Reserve, according to a statement (pdf)<\/a>. The base rate applicable to the overnight deposit facility remains at 4.4%, while the rate applicable to borrowing short-term liquidity was kept at 50 bps above the base rate for all standing credit facilities. <\/p>\n

We have more on the Fed\u2019s decision in Planet Finance, below, and a deep dive into the outlook for debt and equity markets <\/strong>ahead of the potential resumption of its easing cycle later this year in this morning\u2019s Capital Markets section. <\/p>\n

WEATHER<\/strong>- <\/strong>The mercury in Dubai peaks at 45\u00b0C, dropping to a sticky 34\u00b0C after sunset. Abu Dhabi will also see temperatures reach 45\u00b0C, with a humid night ahead at 34\u00b0C.<\/p>\n

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WATCH THIS SPACE-<\/p>\n

<\/a> #1- Dubai Taxi open to a follow-on offering on DFM: <\/strong>State-backed and DFM-listed mobility provider Dubai Taxi may return to the Dubai bourse with an additional stake sale if conditions align, CEO Mansour Al Falasi told Asharq Business in an interview (watch: runtime:12:05<\/a>), adding that any move would hinge on regulatory and shareholder sign-off, without providing a possible timeline. <\/p>\n

ICYMI-<\/strong> The taxi operator, which floated a 25% stake<\/a> on the DFM in 2023 in a listing that raised USD 315 mn, posted strong 2Q results<\/a> with its bottom line rising 32.8% y-o-y to AED 105.4 mn.<\/p>\n

It\u2019s been a quiet year for IPOs, with just one listing each so far in Dubai and Abu Dhabi.<\/strong> Dubai Residential REIT raised AED 2.1 bn in its IPO<\/a>, while Alpha Data\u2019s ADX debut<\/a> had raised AED 600 mn earlier in the year. <\/p>\n

Also in the pipeline:<\/strong> Dubai Holding is said to be mulling a second IPO<\/a> for a portfolio of commercial real estate assets, including malls, hotels, and theme parks; ADQ-backed Etihad Airways<\/a> and Abu Dhabi conglomerate International Holding Company\u2019s investment arm 2PointZero are also planning to hit the ADX; family-owned property developer Arabian Construction Company (ACC) reportedly enlisted<\/a> HSBC and First Abu Dhabi Bank to advise on its IPO due in 2H; and Dubizzle and Property Finder were gauging investor appetite<\/a> ahead of potential listings.<\/p>\n

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<\/a> #2- ADGM wants to expand the scope of its authority with new amendments:<\/strong> The ADGM Financial Services Regulatory Authority (FSRA) launched a public consultation on proposed updates to expand the scope of its power as it looks to tighten security and oversight, according to a press release<\/a>. The Consultation Paper (pdf)<\/a> will be open to industry feedback until 27 August.<\/p>\n

Proposed changes include:<\/strong><\/p>\n