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Emirates NBD plans to invest $3 billion to acquire a controlling 60% stake in RBL Bank, marking the largest foreign investment in India's banking sector. The deal aims to strengthen RBL's capital and expand its presence, pending regulatory approval. This move signals increased foreign interest in Indian private banking.
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Stock market returns for newly listed companies have fallen sharply this year, with median gains dropping from over 20% to under 3%. Meanwhile, New Jersey Congresswoman Mikie Sherrill faces scrutiny over her stock trading during her time in office, raising questions about insider trading and political ethics.
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Fly Jinnah launched its Lahore-Dubai route, operating twice weekly, enhancing connectivity between Pakistan and the UAE. Meanwhile, Saudi and UAE airlines accelerate fleet expansion, with Saudia ordering 191 aircraft and Emirates celebrating 40 years of growth. These developments reflect regional ambitions under Vision 2030 and economic diversification efforts.
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Recent developments highlight increased financial activity in the Middle East, with firms expanding regional operations and attracting investment. HPS partnered with BNP Paribas to fund telecom receivables, Dubai’s investment banking plans grow, and Germany’s DWS opens in the region, emphasizing the area's rising importance in global finance.