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DIP Holding IPO Orders Cover Full Offering Within Minutes of Opening, Bloomberg Reports

Orders for DIP Holding's initial public offering covered the full deal within minutes of books opening on October 27, Bloomberg reported.

National Bank of Fujairah Nine-Month Profit Rises 10.5% to AED1.04 Billion as Impairments Fall

National Bank of Fujairah said nine-month net profit after tax rose 10.5% to more than AED1 billion as impairment charges fell 14.8%.

Qatar Diamond Exchange Signs Partnership Pact With London Diamond Bourse

The Qatar Diamond Exchange signed a memorandum of understanding with the London Diamond Bourse to link the two exchanges' trading communities.

Dubai Taxi and National Taxi Renew Hala E-Hailing Deal for Five Years, Offering More Than 7,700 Taxis on Careem

Dubai Taxi Company and National Taxi will make more than 7,700 taxis available through Hala on the Careem app under a renewed five-year agreement.

Blackstone Expects Its Gulf Assets to Grow Three to Four Times by 2030, Schwarzman Says

Blackstone's Stephen Schwarzman said he would be surprised if the firm's Gulf assets were not three to four times larger by the end of the decade.

Dubai Regulator Fines Moody’s Middle East Unit $585,825 Over Confidential Data Leaks

The Dubai Financial Services Authority fined Moody's Investors Service Middle East Limited $585,825 after seven data disclosure incidents between December 2023 and May 2026.

UAE Expects Canada Trade Pact to Add $8.7 Billion to GDP and Lift Exports by $11.8 Billion by 2033

The UAE expects its economic partnership agreement with Canada to add about $8.7 billion to GDP and raise UAE exports to Canada by about $11.8 billion by 2033, Minister of Foreign Trade Thani Al Zeyoudi said.

Lumi Rental Third-Quarter Profit Falls 79% to SR11 Million as Short-Term Rental Demand Weakens

Saudi Arabia's Lumi Rental said third-quarter net profit fell 79.1% to SR11.01 million as lower utilization and pricing in short-term rentals cut gross profit, even as revenue rose 11.5%.

BBK Nine-Month Profit Rises 8.8% to BD61.5 Million as Operating Income Climbs 15.7%

Bank of Bahrain and Kuwait said nine-month net profit attributable to shareholders rose 8.8% to BD61.5 million, while third-quarter profit rose 6.1% to BD19 million.

Al Ahli Bank of Kuwait Third-Quarter Profit Rises 15% to KD17.1 Million on Lower Provisions

Al Ahli Bank of Kuwait said third-quarter net profit rose 15% to KD17.1 million, while nine-month profit climbed 16% to KD54.19 million.

Emirates Mobility Third-Quarter Profit Falls 41.6% to AED63.9 Million as Revenue Drops 15.5%

Emirates Mobility, formerly Emirates Driving Company, said third-quarter profit attributable to shareholders fell 41.6% to AED63.9 million as revenue declined 15.5% to AED177 million.

Oman’s Phaze Ventures Secures More Than $40 Million in Commitments for Two AI Funds

Muscat-based Phaze Ventures said it secured more than $40 million in commitments for two funds targeting more than $75 million, anchored by ITHCA Group, Ominvest, the Oman LNG Development Foundation and Future Fund Oman.
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