News
Emirates NBD takes control of RBL Bank
4+ day, 23+ hour ago (1761+ words) Friday, 19 Jun 2026 WHAT WE'RE TRACKING TODAY Good morning, friends, and happy Friday. As shipping lanes in the Strait of Hormuz are officially reopening, the Indian Oil Corporation is moving quickly to charter vessels and restore its Gulf supply lines to…...
Mega IPOs open windows for SPACs
4+ day, 23+ hour ago (422+ words) SPACs are back " and the mega-IPO frenzy is to thank. As blockbuster listings from the likes of Space X absorb the bulk of investor appetite and capital on US markets, shell companies are re-emerging as the practical alternative for firms…...
Abu Dhabi's USD 1. 5 tn dealmaker is in the spotlight for rebuilding Iran ties
5+ day, 6+ hour ago (157+ words) UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan's role in rebuilding ties with Iran is drawing attention in the foreign press, with Bloomberg reporting that Abu Dhabi's dealmaking chief has emerged as a key diplomatic intermediary between the…...
NSE files for IPO, setting stage for one of India's largest listings
4+ day, 23+ hour ago (190+ words) The National Stock Exchange of India (NSE), India's largest bourse, has filed draft papers for its long awaited listing. The exchange has been pursuing a listing since 2016, but regulatory investigations and legal disputes delayed the process for nearly a decade....
Emirates NBD takes control of India's RBL
5+ day, 6+ hour ago (1716+ words) Friday, 19 Jun 2026 WHAT WE'RE TRACKING TODAY Good morning, friends, and happy Friday. Markets are finally breathing a sigh of relief after the interim US-Iran peace agreement took effect yesterday, with the DFM notching its highest close since before the war…...
Emirates NBD takes control of RBL Bank after securing 60% stake
5+ day, 6+ hour ago (156+ words) Emirates NBD is now the majority owner of India's RBL, after getting a historic transaction over the line. The Dubai lender acquired a 60% stake in the Indian private-sector bank for USD 2. 8 bn, closing the largest foreign direct investment ever made…...
Al Tamimi & Co, Baker Mc Kenzie among 20 law firms awarded Chambers Middle East Awards
5+ day, 6+ hour ago (123+ words) A total of 20 UAE law firms were recognized in this year's Chambers Middle East Awards, with our friends at Al Tamimi & Company named Employment Law Firm of the Year, and our friends at Baker Mc Kenzie given the Real Estate…...
New stablecoin-powered fintech Sovra raises USD 2 mn in pre-seed funding
5+ day, 6+ hour ago (142+ words) Sovra will hold balances in USDC " the regulated stablecoin issued by Circle, the NYSE-listed, SEC-regulated, Deloitte-audited company " and gives users, not the platform, the private keys. That means funds will remain accessible for users no matter what happens. AED stablecoins…...
THIS MORNING: FAB heads back to debt markets with a green bond + DMCC eyes T+0 gold contracts
5+ day, 6+ hour ago (1248+ words) Good morning, friends, and happy Friday. Markets are finally breathing a sigh of relief after the interim US-Iran peace agreement took effect yesterday, with the DFM notching its highest close since before the war after rallying 2. 5% and finally turning to…...
The economics of speed: why Gulf consumers reject slow banking
5+ day, 6+ hour ago (158+ words) The GCC's shift toward real-time finance is changing how consumers and businesses evaluate financial institutions. Payments settle in seconds, onboarding is expected to happen remotely, and access to credit is now embedded directly into digital platforms. In this environment, delays…...