... on the Fed’s decision in Planet Finance, below, and a deep dive into the outlook for debt and equity markets ahead of the potential resumption of its easing cycle later this year in this morning’s Capital Markets section. WEATHER- The mercury in Dubai peaks at 45°C, dropping to a sticky 34°C after sunset. Abu Dhabi will also see temperatures reach 45°C, with a humid night ahead at...
... customers in regulated sectors like finance, healthcare, and government.DISPUTES-Al Mazaya subsidiary sues over Dubai construction defects: A subsidiary of DFM-listed Kuwaiti firm Al Mazaya Holding filed a lawsuit in Dubai against a contracting company, subcontractors, and a consulting firm, alleging structural defects in buildings they developed, according to a DFM disclosure (pd...
... liquidity. #2- DIB strikes Islamic finance agreement with Turkish carrier: Dubai Islamic Bank (DIB) has signed a 12-year Islamic finance lease agreement with national carrier Turkish Airlines to finance its purchase of a new Airbus A350-941, according to a press release. This marks the first shariah-compliant finance agreement signed by Turki...
... roles include serving as executive finance director at Aldar and chief financial officer at Waha Capital.Private equity firm Aliph Group appointed Hanadi Al Ali (LinkedIn) as managing director to lead its expansion in Saudi Arabia, according to a press release. She was previously vice-president of placement and advisory at Malaz Capital, a Saudi-based investment management company...
... A+ rating, according to a Brand Finance report (pdf). The Public Investment Fund (PIF) came in second with a BSI score of 62.9, followed by Norges Bank Investment Management in third place with a score of 58.3.The details: Adia performed strongly in brand awareness, with a score of 8.75, “indicating a strong presence and familiarity within the industry and among key stakeholders.”...
... construction, manufacturing, and finance saw steady 3% increases. Retail posted a 4% rise, and accommodation and food services edged up 2%. PSA- UAE banks will reportedly increase international credit and debit card transaction fees to 3.14% starting 22 September, several local news outlets report (here, here, and here), citing a notice to clients from one bank. The surcharge ...
... preliminary approval for Open Finance Framework: The Central Bank of the UAE (CBUAE) granted in-principle approval to Saudi-based fintech infrastructure provider Lean Technologies to operate under its Open Finance Framework, according to a press release (pdf). Lean will provide instant account-to-account payments, lending solutions, and financial management tools thr...
DEVELOPMENT FINANCE- ADFD-backed Maldives airport opens: The Abu Dhabi Fund for Development (ADFD) attended the inauguration of Maldives’ Velana International Airport after providing AED 330.5 mn in financing towards the project, state news agency Wam reports. The expansion increases the airport's capacity to 7 mn annual passengers, including through a new international terminal. The ...
... and defense accounting for 7.5%, finance and ins. came in at 7%, and 5.7% came from the real estate sector.#2- Some 395.3 mn people used Dubai’s public transport in 1H 2025, a 9% uptick y-o-y, according to a press release from Dubai’s Roads and Transport Transport Authority. Daily ridership averaged 2.2 mn, up from 2 mn during the same period last year.The breakdown: 143.9 mn peop...
... schedule: Real estate financier Amlak Finance has fully settled its remaining AED 898 mn in financial obligations, completing all payments 15 months ahead of the October 2026 contractual deadline, according to a press release (pdf). The firm has settled AED 10.2 bn with 29 financiers since 2014. The company utilized proceeds from land asset sales (here and here) after deciding to ...
... Goulden told the FT.ALSO FROM PLANET FINANCE-Asset managers are launching active ETFs at a record pace, to capitalize on growing investor interest in products that aim to outperform traditional passive index trackers. During 1H 2025 alone, 476 active ETFs debuted across the US and Europe, marking twice the 234 new passive funds launched over the same period. (Financial Times)MARKE...
... card scheme Jaywan, and the open finance network. It could also include developing a real-time gross settlement system. #5- EAD publishes climate change adaptation roadmap for Abu Dhabi: Abu Dhabi’s Environmental Agency has launched a 25-year roadmap to protect Abu Dhabi’s natural resources from the growing threats of climate change, according to a statement. The plan, covering t...
... handling, catering, IT, HR and finance. DATA POINTS- #1- UAE tops global safety rankings: The UAE ranks as the world's safest country in Numbeo's 2025 mid-year index, scoring 85.2 points. Andorra follows at 84.8 points, with Qatar (84.6), Taiwan (83.0) and Macau (81.8) completing the top five. The UAE also topped Numbeo’s report earlier this year. The safety index considers facto...
... third-country partners.ALSO FROM PLANET FINANCE-JP Morgan may soon let clients borrow using cryptocurrencies, a sharp shift from CEO Jamie Dimon’s earlier crypto criticism. While JP Morgan won’t hold crypto directly, it could partner with firms like Coinbase to manage crypto assets. The bank already lends against crypto-linked ETFs, and is expanding to actual tokens in a bid to ou...
... internal accruals, and equity will finance the takeover, which will see Damas folded into a new DIFC-based entity, Signature Jewellery Holding. This is not the first we’ve heard of the potential transaction. Talks have been ongoing since at least February, according to Indian media, which also reported that Titan had explored an acquisition of Damas previously but talks had falle...
... 937.5 mn loan for AFC: The Africa Finance Corporation (AFC) has secured its inaugural sustainability-linked term loan worth AED 937.5 mn, backed by a syndicate of Emirati banks, according to a statement. The loan diversifies its funding base by tapping into the local AED market, and linking sustainability metrics to “signaling to investors and stakeholders the importance of enviro...
... University and the Beijing-based Green Finance and Development Center. Regionally, the UAE ranked second, just behind Saudi Arabia, which attracted USD 7.2 bn in construction-related flows.The Middle East accounted for 8.2% of China’s BRI investments during the six-month period, with regional construction engagement totaling USD 19.4 bn.REMEMBER-Several Chinese entities have been ...
... ministerial decision issued by the Finance Ministry. The rule permits deductions on investment assets in tax periods starting from 1 January, 2025 onwards, and will come into effect immediately.To qualify: Deductions can be made only if taxpayers opt for the realization basis method of accounting for such assets for the tax period starting from 1 January, 2025. Firms will have to ...
... the Institute of International Finance (IIF) picked up by Khaleej Times. This significant acceleration is driven by higher oil production and continued expansion in non-oil sectors.UAE FDI + KSA debt fuel Gulf capital inflows surge: The IIF expects non-resident private capital inflows into the Gulf economies to hit USD 202 bn this year, further increasing to USD 217 bn in 2026. Th...
... there and I used to run their finance departments and I moved my family and myself to the UAE back in 2016.This was at the time when VAT was being introduced, and I decided to set up an accounting firm out here called Alpha Pro Partners. I grew that over the last five to seven years. We're now at 300 customers, and we've got 50 staff worldwide. Then, corporate tax was announced i...
... fund from its Abu Dhabi office to finance agreements in Africa, partner Asad Hajiyev told Semafor. The fund will target investments ranging between USD 20-100 mn across sectors including energy, agriculture, and commodities.Why Abu Dhabi? “There is a huge amount of capital” in Abu Dhabi looking for transactions in Africa in Abu Dhabi, Hajiyev said. The new vehicle would double Gem...
... package from a group of banks to finance its acquisition of a 50% stake in German reusable packaging firm IFCO Group from a subsidiary of the Abu Dhabi Investment Authority (Adia), sources familiar with the matter told Bloomberg.The details: The financing is expected to refinance IFCO’s existing EUR 1.6 bn loan portfolio and provide an additional EUR 800 mn in fresh funding. Bank ...
... rundown in this morning’s Planet Finance, below. #2- Inflation across the Gulf is set to moderate in 2H 2025 amid falling oil and shipping prices as geopolitical tensions ease and as the US Federal Reserve is expected to resume its rate-cutting cycle, Emirates NBD said in a recent report (pdf). Inflation across the bloc has been modest so far in 2025, averaging 1.3% y-o-y from Ja...
... 6.4% rise in income from Islamic finance and sukuk to AED 1.9 bn, and a 40.2% jump in investment, fee, and commission income to AED 412.4 mn. Total operating income rose 13% y-o-y to AED 1.2 bn.NBQ-National Bank of Umm Al Quwain (NBQ) reported a 16.7% y-o-y rise in net income to AED 128 mn in 2Q 2025, according to its financials (pdf). Its bottom line was boosted by a 50.2% y-o-y ...