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Dubai's ⁠main share index slipped 0.2%, weighed down by a 2% fall in top lender Emirates NBD and a 0.8% decrease in budget airline Air Arabia

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The bank said its baseline scenario assumed that shipping volumes through the crucial Strait of Hormuz waterway would gradually return to near pre-war levels by October

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The firm will offload a 25% stake in DIP and has roped in investment banks including ENBD Capital, HSBC, Citi, Arqaam Capital and EFG Hermes

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