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The UAE’s domestic payments rails are in place, but the money hasn’t moved yet

The UAE has assembled a full-stack domestic payments system but whether it delivers the cheaper, more resilient payments it was built for depends on ...
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THIS MORNING: UAE officials order investigation into flydubai incident + Paramount takeover gets a timeline and a financing plan

UAE authorities have opened an investigation into Wednesday's incident aboard flydubai flight FZ1073, and the airline has suspended all flights to and from Israel until further notice. Israeli ...
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Syria begins work on the Arab Gas Pipeline stretch that would connect Jordan's border to Turkey’s

Syria has started building the stretch of the Arab Gas Pipeline that would link the Jordanian border to the Turkish one. The Syrian Petroleum Company is laying an 186 km, 36-inch section that will ...
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MNT-Halan kicks off one of Egypt’s biggest IPOs in years

Good morning, friends, and happy first Friday of October. It’s been a busy week in the press, and we’ve got the recap below.
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MENA sovereign funds lose global ground as sovereign investors elsewhere speed up

Funds in the region have fallen behind the global average as SWFs in the rest of the world have accelerated their capital deployment ...
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Abu Dhabi's funds drove almost half of MENA sovereign dealmaking this year, led by Mubadala

Mubadala was the most acquisitive sovereign wealth fund in 9M 2026 at USD 26.2 bn, counting capital deployed by ADIC, Mubadala Capital and MGX, which took part in the multi-bn financing rounds at ...
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UAE equity markets are best of a bad bunch in September

UAE stocks were the only GCC markets to end September in the green, bucking the region's worst month in almost a year, according to Kamco’s latest Markets Monthly Report (pdf). The MSCI GCC index fell ...
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Flydubai halts Tel Aviv routes after emergency landing and onboard altercation

Flydubai has suspended all flights to and from Israel “until further notice” as authorities investigate Wednesday’s FZ1073 incident, which saw a flydubai flight from Dubai to Tel Aviv make an ...
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Bittersweet is a versatile social house for the casual, the fancy, and the in-between

Restaurants that make room for your breakfast, lunch, dinner, and all those casual in-between plans are true godsends , making scattered going-out options ...
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A Mubadala + Taraf plot new development, Eurazeo is in Abu Dhabi, more re-export room, Mashreq moves on tokenized deposits and Agrobank

Mubadala, Taraf plot a new Al Reem waterfront. Yas Holding’s real estate arm Taraf partnered with Mubadala to explore a major mixed-use waterfront development on Al Reem Island, ...
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DIB gets a new chairman and Modon’s MD steps back

He succeeds Mohammed Ibrahim Al Shaibani, who stepped down as DIB chairman, effective September 20, for personal reasons. Al Shaibani’s departure marked his third exit from a senior Dubai post this ...
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Abu Dhabi’s L’imad is leading the Zero Hormuz push to route trade around the strait

Abu Dhabi’s newest wealth fund is set to become the main vehicle for routing the emirate’s trade around the Strait of Hormuz. L’imad Holding is likely to spend USD tens of bns on new port ...