{"id":115422,"date":"2026-06-01T00:00:00","date_gmt":"2026-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?post_type=issue&#038;p=115422"},"modified":"2026-06-01T05:15:51","modified_gmt":"2026-06-01T05:15:51","slug":"small-but-mighty","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/menaplus\/issues\/small-but-mighty\/","title":{"rendered":"Small but mighty"},"content":{"rendered":"<section id=\"115424\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115424\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">OPENING NOTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/\">\r\n                            Is a corruption crackdown taking shape in Saudi?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Is Saudi Arabia launching a crackdown on white-collar crime?&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/&title=Is Saudi Arabia launching a crackdown on white-collar crime?\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Is+Saudi+Arabia+launching+a+crackdown+on+white-collar+crime%3F+https%3A%2F%2Fenterpriseam.com%2Fmenaplus%2F2026%2F06%2F01%2Fis-saudi-arabia-launching-a-crackdown-on-white-collar-crime%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115424\" class=\"content-area-description single-story post-115424 post type-post status-publish format-standard hentry category-opening-note tag-corruption tag-enterpriseam tag-opening-note tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people<\/strong> \u2014 we hope you had a fantastic Eid vacation and are not dreading (too much) the return to the grind. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We typically start June bracing for companies and governments alike to start throwing <\/strong><strong>buzzer-beaters <\/strong>as the 1H window comes to a close and folks start eyeing summer vacations. We have no clue what to expect this year, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2026\/05\/31\/us\/politics\/trump-iran-stalemate-ukraine-gaza.html\" style=\"\">with talks for an extended ceasefire with Iran looking set to drag on \u2026 and on<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>C-suite execs across the region are hoping things cool soon<\/strong>, setting up a busy fall season for events of all forms, but it\u2019s anyone\u2019s guess what this week will look like \u2014 let alone September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- We\u2019re watching Saudi Arabia for signs the Kingdom is getting serious <\/strong><strong>about clamping down on white-collar crime <\/strong>and corporate malfeasance. The Capital Market Authority has just fined 11 Saudi German Health board and audit-committee members a collective SAR 18 mn over revenue misstated between 2018 and 2021, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/news-detail-wcm\/?newsId=9412&locale=en\" style=\"\">disclosure<\/a>. The news came only weeks after the Kingdom hauled 17 people \u2014 including current and former board members and execs \u2014 into court over allegations they had <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/issues\/can-iraqs-new-prime-minister-make-payroll-without-the-imf\/\" style=\"\">manipulated the share price of embattled retailer Cenomi Retail<\/a>. \u2013Patrick<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/corruption\/\">corruption<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/opening-note\/\">Opening Note<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115425\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115425\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE LEDE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/why-tunisia-has-produced-two-of-africas-largest-tech-exits\/\">\r\n                            As Master Yoda knew, size matters not                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/why-tunisia-has-produced-two-of-africas-largest-tech-exits\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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But capital keeps flowing in, with investors arguing that the size of the country\u2019s economy has been far from a hindrance.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The formula in Tunisia: <\/strong>An unusually deep, multilingual STEM talent pool; a policy environment that has been relatively friendly to startups, including the 2018 Startup Act and the state-backed <a href=\"https:\/\/smartcapital.tn\/?page_id=989&amp;lang=en\" target=\"_blank\" rel=\"noopener\">Anava fund of funds<\/a> ; and a build-local, scale-global playbook that the best companies have used to push into into regional and international markets earlier than in many other African markets.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The same conditions carry a built-in tension:<\/strong> The constraints that make Tunisia hard to operate in, including FX controls and profit repatriation rules, also explain why nearly every breakout startup ends up incorporating in Europe. This is the story of how a market that investors describe as \u201csmall but listening\u201d turned its limitations into an export engine.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The proof is in the size of the exits \u2014 <\/strong>even the marquee exits ran deeper than the acquisitions that made the headlines. Before Medius bought it, <a href=\"https:\/\/www.expensya.com\/en\/\" target=\"_blank\" rel=\"noopener\">Expensya<\/a> \u2014 the AI-driven expense-management platform \u2014 had pulled in a USD 20 mn round from <a href=\"https:\/\/www.siliconbadia.com\/\" target=\"_blank\" rel=\"noopener\">Silicon Badia<\/a> and French fund MAIF Avenir at the height of the pandemic.<\/p>\n<p class=\"tag-border-left\">The talent engine<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Every investor we spoke to traces the results back to the same factor: People.<\/strong> \u201cI always say if a Tunisian entrepreneur can make it in Tunisia, they can make it anywhere,\u201d says Flat6Labs Tunisia\u2019s director of global partnerships, Faten Aissi, crediting the country\u2019s educational system for the quality of its founders.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cThe tech talent is [extremely] advanced, not just for the region, but the globe,\u201d<\/strong> says Hossam Shafick, partner at Silicon Badia, noting that Tunisia ranks first in the world for STEM graduates per capita: \u201cFor every 100k population, there are a thousand graduating from STEM education.\u201d Roughly 60% of domestic tech talent works for international companies, mostly French \u2014 a pipeline that tends to feed founders back into the ecosystem or keep them plugged into global markets.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>A fluency with languages helps:<\/strong> \u201cThe average Tunisian speaks three languages fluently: Arabic, French, and English. So this openness and the educational system made this happen,\u201d says Aissi. A competitive, multilingual talent pool already experienced with European clients and standards \u201cremains its biggest strength\u201d for would-be acquirers, Lisa Kronreif, commercial counsellor at <a href=\"https:\/\/www.advantageaustria.org\/tn\/servicecenter\/Buero-Tunis.fr.html\" target=\"_blank\" rel=\"noopener\">Advantage Austria Algiers<\/a>, tells us. (Kronreif\u2019s office also covers Tunisia.)<\/p>\n<p class=\"tag-border-left\">Government some things right, for a change<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>If talent is the raw material, the country\u2019s Startup Act is what investors say converted it <\/strong><strong>into companies.<\/strong> In effect since April 2018, the law offers benefits to entrepreneurs, investors, and startups alike, including a monthly \u201cstartup stipend\u201d of TND 1k-5k (USD 345-1,730) that gives founders up to a year to build.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cThe framework created within the Startup Act has encouraged people to take more <\/strong><strong>risks, because the Startup Act itself is a safety net for entrepreneurs,\u201d<\/strong> says Aissi. \u201cMaybe 40-50% of the people we invested in had access to [the stipend]. Especially if you have the Startup Act label, you have automatic access. So it has been something extraordinary.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The cornerstone of the framework is the Anava fund of funds.<\/strong> Managed by Smart Capital, Anava targets a EUR 100 mn size and houses dozens of sub-funds that provide working capital to startups. \u201cAnava is the biggest catalyst,\u201d says Shafick, noting it backs local, regional, and global funds without limiting itself to a single investment stage.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Flat6Labs is one such backer.<\/strong> The firm entered Tunisia in 2016, two years before the Act took effect, and deployed a USD 10 mn seed fund in 2018 across 75 startups. A second USD 10 mn fund launched this year, Aissi says.<\/p>\n<p class=\"tag-border-left\">The playbook: build local, scale global<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The companies that work best follow a recognizable pattern \u2014 prove the product and <\/strong><strong>business model at home, then move out.<\/strong> <a href=\"https:\/\/bakomotors.com\/en\/home\" target=\"_blank\" rel=\"noopener\">Bako Motors<\/a>, a Flat6Labs portfolio company building electric vehicles, is a textbook case. Founder and CEO Boubaker Siala launched in 2021 and secured about USD 130k from a Flat6Labs child fund \u2014 a sizable local round at the time, enough to pay his engineering team and win European certification.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cWe started in Tunisia for about three years. We validated the product, the production <\/strong><strong>line, and the market. And then we moved to Saudi and Europe,\u201d<\/strong> Siala tells EnterpriseAM. Bako is now headquartered in Luxembourg with plants in Tunisia and Saudi Arabia. Production is split evenly between domestic and international markets today \u2014 Siala wants to see export sales account for 70% of turnover.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong><a href=\"https:\/\/www.dabchy.com\/\" target=\"_blank\" rel=\"noopener\">Dabchy<\/a><\/strong><strong> followed the same arc in a different sector.<\/strong> Founder Ameni Mansouri turned Tunisia\u2019s informal second-hand fashion market into a trust-based, peer-to-peer marketplace, adding a proprietary escrow payment system and door-to-door logistics. The platform has captured more than 1.3 mn highly engaged users \u2014 over 10% of the population \u2014 and scaled into Egypt after a seven-figure pre-series A round led by Janngo Capital, Africa\u2019s largest gender-equal tech VC, with angel backing from InstaDeep co-founder Karim Beguir.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The exits and scale-ups feed each other<\/strong>,Silicon Badia\u2019s Shafick says. \u201cSince day one, we\u2019ve been trying to build global companies from local kitchens or tech hubs \u2014 Tunisia accentuates this thesis we\u2019ve built over the past 15 years,\u201d he says. He argues the sector grew stronger after Expensya and InstaDeep, which together boosted both local confidence and capital inflows. It\u2019s a cycle of recycled capital: when big exits happen, VCs reinvest in similar projects, and founders spin up new startups to attract them.<\/p>\n<p class=\"tag-border-left\">Why the winners incorporate abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The same market that produces these companies makes them hard to scale from inside<\/strong>, and the friction points European businesses cite are consistent. The most fundamental, according to Kronreif, are FX controls under central bank regulations and the closely linked rules on profit repatriation. \u201cCompanies often point to strict rules that limit the flexibility of cross-border transactions, including restrictions on advance payments to international suppliers,\u201d she says. Other bottlenecks include customs and logistics, particularly at the Port of Rad\u00e8s, and administrative quirks such as tender documents issued only in French.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Financing is similarly tight.<\/strong> Investment is overwhelmingly VC-driven \u2014 of the 75 startups Flat6Labs backed, only two dealt with banks or private equity, Aissi says, with donors and government incentives helping the rest survive. Kronreif points to a structural cause: \u201cAs the state absorbs a significant share of available credit, commercial banks have fewer resources to extend to the private sector. This creates a classic crowding-out effect.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The cumulative result is visible in where these companies live on paper.<\/strong> Expensya\u2019s legal home is Paris, InstaDeep\u2019s is London, and Bako Motors\u2019 is Luxembourg \u2014 all chosen to make it easier to raise international capital and run multi-country operations. As Kronreif puts it, \u201cInternational investors recognize the innovation potential of the Tunisian ecosystem,\u201d but the FX regime remains the constraint that touches everything else, from liquidity to day-to-day operations.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The constraints and the advantages are two sides of the same coin: <\/strong>\u201cThe best thing about Tunisia is the worst thing about Tunisia, which is the small size of its economy,\u201d says Shafick. \u201cIt should be looked at in terms of quality, not quantity.\u201d It\u2019s a small market in which the government, corporations, talent, and central bank all hear each other \u2014 and that, he argues, is what lets a startup movement compound over time on its two core assets: Talent and a strategic position between Europe, the Middle East, and the rest of Africa.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/planet-startup\/\">Planet Startup<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/startups\/\">Startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/the-lede\/\">The Lede<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115427\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115427\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">WAR WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/ceasefire-talks-in-limbo-as-trump-demands-changes-israel-pummels-lebanon\/\">\r\n                            Dancing in circles                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/ceasefire-talks-in-limbo-as-trump-demands-changes-israel-pummels-lebanon\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Iran also said this morning that it targeted a US airbase in the region in retaliation. Tehran did not specify where the airbase was, but Kuwaiti news agency <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3305924&language=ar\" style=\"\">KUNA reported this morning<\/a> that sirens were sounding across the country as air defenses intercepted incoming attacks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald Trump is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.axios.com\/2026\/05\/31\/trump-iran-deal-changes-nuclear\" style=\"\">reportedly pushing to amend<\/a><\/strong><strong> the latest draft of an <\/strong><strong>agreement US and Iranian negotiators had reached over the weekend<\/strong>, specifically to points on the reopening of the Strait of Hormuz and the fate of Iran\u2019s uranium stockpiles. Iran had reportedly demanded an immediate release of USD 12 bn in frozen assets held in Qatar as a precondition for the talks, although Doha later <a target=\"_blank\" href=\"https:\/\/www.iranintl.com\/en\/202605295707\" style=\"\">rejected the demand<\/a> and instead agreed to allow Iran to use half of that amount to purchase goods from Qatar. That demand came as the US Treasury Department <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0510\" style=\"\">announced fresh sanctions<\/a> on Iran\u2019s military oil sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While Pakistan continues to engage in shuttle diplomacy between the two countries, the <\/strong><strong>fighting in the region hasn\u2019t really stopped.<\/strong> Israel is continuing to expand its ground assault in Lebanon, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/israel-troops-capture-beaufort-castle-southern-lebanon-push-against-hezbollah-2026-05-31\/\" style=\"\">moving further<\/a> into the country\u2019s south and <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cj3pgrpmlklo\" style=\"\">pummeling Beirut<\/a> despite the ceasefire agreement reached weeks earlier. US Secretary of State Marco Rubio is <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-pushes-lebanon-israel-new-ceasefire-plan-official-says-2026-06-01\/\" style=\"\">reportedly negotiating<\/a> a plan for \u201cgradual de-escalation\u201d between Israel and Lebanon, which would begin with Hezbollah standing down and halting its attacks on Israel. In exchange, Israel would stop further escalations in Lebanon. Neither side has committed to the agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, even as Hormuz remains technically shut, some tankers are making <\/strong><strong>their way through the strait by going dark.<\/strong> Umm Al Ashtan \u2014 an LNG tanker managed by Adnoc L&S \u2014 transited Hormuz and repeated off Oman carrying LNG bound for India after going dark near the eastern entrance to Hormuz in early May, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-27\/adnoc-exports-another-lng-shipment-through-hormuz-to-india\" style=\"\">Bloomberg<\/a> reports. Adnoc has also exported three other LNG shipments from the Gulf on tankers that went dark while crossing Hormuz, the latest of which has since docked in western India. Other vessels carrying crude from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-24\/supertanker-with-iraq-crude-exits-persian-gulf-as-talks-continue\" style=\"\">Iraq<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/three-oil-lng-tankers-exit-hormuz-with-transponders-off-2026-05-28\/\" style=\"\">Saudi Arabia<\/a> have also slipped through the waterway over the past week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US forces have escorted c. 70 ships through the strait <\/strong>in the past three weeks, according to a <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2026\/05\/31\/business\/us-military-guides-strait-of-hormuz.html\" style=\"\">New York Times report<\/a> out this morning. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/geopolitics\/\">geopolitics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/war-watch\/\">WAR WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115429\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115429\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">TECH + INNOVATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/mgx-is-in-on-anthropic-as-the-ai-company-races-openai-to-ipo\/\">\r\n                            Risky business?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/mgx-is-in-on-anthropic-as-the-ai-company-races-openai-to-ipo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Critically, that\u2019s comfortably past the USD 852 bn valuation that pundits think OpenAI last raised at. The transaction gives MGX additional exposure to what some pundits think could wind up being this year\u2019s most desirable IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>It\u2019s likely Anthropic\u2019s last private round as it races to market \u2014 potentially ahead of arch rival OpenAI, which is prepping a confidential filing to list as soon as September. Anthropic\u2019s prospects got a boost from what is believed to be a USD 47 bn run-rate that has probably pulled its revenue ahead of OpenAI\u2019s thanks to a product strategy focused tightly on the enterprise market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>MGX is already a shareholder of <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/13\/mgx-backs-anthropic-adding-to-a-rich-portfolio-that-includes-openai-and-xai\/\" style=\"\">OpenAI and xAI<\/a> and aims to deploy up to USD 100 bn a year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And speaking of AI-related IPOs\u2026 <\/strong>SpaceX fever drove shares of Alwaleed bin Talal\u2019s Kingdom Holding to a 10-year high, with the stock up nearly 10% on Sunday and c. 54% year-to-date against a flat TASI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The catalyst:<\/strong> KHC <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/134290\/\" style=\"\">disclosed<\/a> a combined 0.63% stake in Elon Musk\u2019s rocket company, held with Alwaleed\u2019s private office and worth some USD 8.32 bn at a USD 1.25 tn valuation. That could surge to c. USD 10.6 bn if SpaceX prices at USD 1.75 tn. SpaceX has filed to list on the Nasdaq as SPCX, with pricing expected as soon as 11 June. Musk merged xAI, his artificial intelligence startup, with Space X earlier this year. The transaction valued the AI unit at USD 250 bn and the rocket maker at USD 1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The question starting to preoccupy the global investing press: How risky are these IPOs <\/strong><strong>going to be, anyway? <\/strong>With some USD 3 tn in market cap becoming available to investors \u2014 possibly in just a matter of months \u2014 some pundits are warning that retail investors should proceed with caution. \u201cMarket history contains many lessons. It tells us that at the jaw-dropping valuations being discussed for shares of SpaceX, as well as OpenAI and Anthropic, <strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2026\/05\/29\/business\/spacex-openai-anthropic-ipo-invest.html\" style=\"\">the probability is exceedingly small that these companies will make money for ordinary people<\/a><\/strong> over the next few years,\u201d writes the NYT\u2019s strategies columnist, Jeff Sommer.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/anthropic\/\">Anthropic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/mgx\/\">MGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/tech-innovation\/\">Tech + Innovation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115431\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115431\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">MARKETS + DEALS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/saudis-mutlaq-al-ghowairi-will-be-the-first-big-test-of-appetite-for-saudi-ipos-after-dar-al-balad-forced-the-window-open\/\">\r\n                            Going big                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/saudis-mutlaq-al-ghowairi-will-be-the-first-big-test-of-appetite-for-saudi-ipos-after-dar-al-balad-forced-the-window-open\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Among the headlines worth knowing: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul\u2019s first heavyweight IPO since the start of the war got underway yesterday<\/strong> as infrastructure contractor Mutlaq Al Ghowairi opened institutional bookbuilding. The company is looking to raise up to SAR 3 bn (USD 800 mn) at a valuation of up to SAR 10 bn. IT services outfit <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/22\/saudi-arabias-dar-al-balad-may-have-been-a-small-ipo-but-it-broke-the-wartime-ice-will-others-follow\/\" style=\"\">Dar Al Balad<\/a> was first to market before Eid, but Mutlaq is the real test of institutional appetite \u2014 Dar Al Balad raised the equivalent of just USD 54 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We expect strong local appetite <\/strong>\u2014 and for foreign investors to sit on the sidelines. Even before the war, international appetite for Saudi equities was weak. Al Rajhi Capital and Morgan Stanley are joint global coordinators<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watch for Senaat unit Gulf Insulation to follow suit<\/strong> \u2014 it just <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=95672&anCat=1&cs=2240&locale=en\" style=\"\">filed<\/a> for its own Tadawul listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Hong Kong-listed, AI-driven drug developer InSilico Medicine is weighing a <\/strong><strong>secondary listing on the ADX<\/strong> after UAE investors backed its December Hong Kong float, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-26\/hong-kong-listed-biotech-insilico-is-said-to-explore-uae-listing\" style=\"\">Bloomberg<\/a> reports. That would make it the first non-Gulf issuer on a regional index \u2014 a real test of Abu Dhabi\u2019s cross-listing push after the ADX <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/17\/us-listed-etfs-land-on-adx-and-kkr-makes-a-gulf-investment\/\" style=\"\">cross-listed a US-domiciled ETF<\/a> last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Keep an eye on Egypt. <\/strong>Banque du Caire and Misr Life are already in the pipeline to test the market as early as this fall, and now private equity outfit B Investments is lining up pharmacy chain El Ezaby for an EGX IPO, chairman Hazem Barakat <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2026\/05\/23\/1969547\" style=\"\">says<\/a>, riding strong appetite for its partial exit of <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/11\/gourmet-shares-hit-40-regulatory-limit-in-egx-debut\/\" style=\"\">Gourmet<\/a>. El Ezaby has been <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/09\/sfe-buys-49-of-el-ezaby-launches-pharma-logistics-firm-with-b-investments\/\" style=\"\">49%-owned by the Sovereign Fund of Egypt<\/a> since 2023 and could head to market as early as 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watch this space: <\/strong><a target=\"_blank\" href=\"https:\/\/www.rmbv.net\/\" style=\"\">RMBV<\/a>, the private equity firm led by Ahmed Badreldin, has filed for permission from Egypt\u2019s Financial Regulatory Authority to list a SPAC later this year, according to a <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/133995\/\" style=\"\">report<\/a>. RMBV\u2019s assets include Taaleem, Cleopatra Hotels, and Spinneys Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Aramco is checking out of Malaysia<\/strong>, offloading its 50% stake in PRefChem, its refining-and-petchem joint venture, to partner Petronas, which now owns the <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2026\/aramco-and-petronas-announce-transfer-of-full-ownership-of-prefchem-to-petronas\" style=\"\">complex outright<\/a>. Aramco paid USD 7 bn for that half in 2017, one of its biggest overseas downstream bets at the time. The oil giant is walking away to free up liquidity just as the Hormuz closure starves the plant of the Gulf crude.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: Aramco is on a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/05\/18\/is-aramco-on-a-usd-35-bn-privatization-push\/\" style=\"\">USD 35 bn<\/a><\/strong><strong> asset-monetization drive<\/strong> that will see it shed stakes in both mid- and downstream assets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALSO WORTH KNOWING TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors still have plenty of appetite for the UAE: <\/strong>The Emirates\u2019 May treasury sukuk <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/en\/news\/uae-successfully-concludes-may-2026-treasury-bond-auction\/\" style=\"\">drew<\/a><a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/en\/news\/uae-successfully-concludes-may-2026-treasury-bond-auction\/\" style=\"\">AED 4.7 bn of orders<\/a> for AED 1.1 bn on offer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Moody\u2019s affirmed Saudi Arabia at Aa3 with a stable outlook<\/strong>, looking past the Hormuz closure even as it pencils in a 1.7% GDP contraction this year (<a target=\"_blank\" href=\"https:\/\/ratings.moodys.com\/ratings-news\/465848\" style=\"\">ratings note<\/a>). The cleanest read yet on how the agencies are pricing the war.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD<\/strong> launches today an open offer for up to 26% of the public float of India\u2019s <strong>RBL <\/strong><strong>Bank<\/strong>. It\u2019s the final stage of its c. USD 3 bn takeover of RBL.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">PIF-backed <strong>Alinma Bank<\/strong> closed two AT1 sukuk, raising SAR 3 bn at home at 6.50% (part of an <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=95610&anCat=1&cs=1150&locale=en\" style=\"\">SAR 5 bn program<\/a>) and <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=95612&anCat=1&cs=1150&locale=en\" style=\"\">USD 500 mn in London via a sustainable tranche<\/a> at 6.625%. Goldman Sachs, JPMorgan, ADIB, and Warba were among the syndicate members. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">EGX-listed export powerhouse <strong>Oriental Weavers<\/strong> wants a bigger slice of its own best assets, exploring mostly share-swap deals to raise its stakes in five export-focused subsidiaries, <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/704600.pdf\" style=\"\">according to a regulatory filing (pdf<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Cairo-headquartered <strong>Beltone<\/strong> has tapped Forvis Mazars to run a fair-value study on its acquisition of UAE-based SPV <strong>Lumen Aegis<\/strong> \u2014 a deal its general assembly approved <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/31\/sawiris-hof-eyes-bugatti-rimac\/\" style=\"\">last December<\/a>. The takeover will fold a portfolio of Emirati and Egyptian assets onto Beltone\u2019s listed balance sheet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Market Snapshot<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul<\/strong> +0.5% \u2022 <strong>ADX<\/strong> +0.5% \u2022 <strong>DFM<\/strong> +1.1% \u2022 <strong>EGX30<\/strong> +0.7%<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Brent USD 91.12 \/ bbl \u2022 Gold USD 4,593 \/ oz \u2022 USD \/ SAR 3.75 \u2022 USD \/ EGP 52.35<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/capital-markets\/\">Capital Markets<\/a>\n 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href=\"https:\/\/api.whatsapp.com\/send?text=Turkish+Airlines+sets+sights+on+global+top+spot+amid+reshaped+regional+aviation+https%3A%2F%2Fenterpriseam.com%2Fmenaplus%2F2026%2F06%2F01%2Fturkish-airlines-sets-sights-on-global-top-spot-amid-reshaped-regional-aviation%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkish-airlines-sets-sights-on-global-top-spot-amid-reshaped-regional-aviation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/16.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115434\" data-permalink=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkish-airlines-sets-sights-on-global-top-spot-amid-reshaped-regional-aviation\/16-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/16.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"16.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/16.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/16.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115433\" class=\"content-area-description single-story post-115433 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-enterpriseam tag-turkish-airlines wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Turkish Airlines is gunning for the top global spot by 2033: <\/strong>Turkish Airlines picked up market share in March as it captured passengers displaced from GCC carriers during the war \u2014 and the flagship carrier is working on sustaining some of these gains. \u201cIf that initial demand holds up, we will increase our growth projections for the next three to five years,\u201d Chairman Murat Seker told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f74626a5-68a9-446e-bfa8-0f08b698822a?syn-25a6b1a6=1\" style=\"\">Financial Times<\/a>. \u201cWe are aiming for the top position,\u201d Seker said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The flipside? <\/strong>Like everyone in the industry, Turkish Airlines is now under pressure to adjust its operations due to an industry-wide jet fuel shortage caused by Hormuz disruptions, raising costs, cutting flights, and forcing some carriers to take measures as extreme as grounding parts of the fleet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish is adopting a cautious approach to frequency cuts<\/strong>, slashing just 21 routes from its network of 350 in a bid to make it easier to recover quickly post-conflict, Seker said. With around 40% of its fuel needs hedged at pre-conflict prices, the airline has performed better than many competitors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco\u2019s flagship carrier may be in a similar boat: <\/strong>While the carrier doesn\u2019t publish granular data, as we previously reported, Royal Air Maroc is moving to <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2026\/05\/307506\/royal-air-maroc-suspends-12-routes-over-kerosene-price-hike\/\" style=\"\">suspend<\/a> 12 routes due to the surge in fuel prices, despite positive April numbers at its airport hubs. Morocco\u2019s airports saw passenger volume surge by some 10% y-o-y last month. The cuts hit routes connecting to African capitals like Kinshasa and Brazzaville, as well as European cities including Lyon, Malaga, and Marseille. <\/p>\n<p><strong>REMEMBER- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/08\/chasing-yields-premium-segments-are-the-new-frontier-for-aviation-competition-amid-regional-disruptions\/\" style=\"\">Turkish Airlines has the fundamentals to make steady gains from the<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/08\/chasing-yields-premium-segments-are-the-new-frontier-for-aviation-competition-amid-regional-disruptions\/\" style=\"\">conflict<\/a><\/strong>, with scale, solid network connectivity, and airspace stability, as we previously reported. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/turkish-airlines\/\">Turkish Airlines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115435\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115435\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY + PUBLIC POLICY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/\">\r\n                            Cornered                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Turkey may finally raise rates as FX defenses run thin&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/&title=Turkey may finally raise rates as FX defenses run thin\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Turkey+may+finally+raise+rates+as+FX+defenses+run+thin+https%3A%2F%2Fenterpriseam.com%2Fmenaplus%2F2026%2F06%2F01%2Fturkey-may-finally-raise-rates-as-fx-defenses-run-thin%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/22.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115436\" data-permalink=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/turkey-may-finally-raise-rates-as-fx-defenses-run-thin\/22-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/22.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"22.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/22.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/22.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115435\" class=\"content-area-description single-story post-115435 post type-post status-publish format-standard has-post-thumbnail hentry category-economy-public-policy tag-economy-public-policy tag-egypt tag-enterpriseam tag-monetary-policy tag-turkey wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Running out of policy options, Turkey may resort to an interest rate hike after all:<\/strong> With Hormuz disruptions continuing and energy bills not expected to stabilize anytime in 2026, JP Morgan now  <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/jpmorgan-sees-turkey-central-bank-lift-interest-rates-40-imminently-2026-05-22\/\" style=\"\">sees<\/a>  Turkey raising interest rates by 300 bps to 40% ahead of the monetary policy committee meeting on 11 June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Forced to swallow the bitter pill: <\/strong>Turkey <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/27\/turkey-swaps-gold-for-foreign-reserves-as-war-raises-inflationary-pressures-on-emerging-markets\/\" style=\"\">focused<\/a> its wartime response on propping up the TRY, drawing from gold and foreign currency reserves and selling off US Treasuries. The goal was to fend off inflation without raising interest rates, which could slow the economy and hike debt costs. That response would have worked only if the war were short-lived. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Our friends at London-based EFC now think that Egypt may have room to <\/strong><strong>resume cutting rates later this year<\/strong>, saying in a note to clients that in comparison with Pakistan and Philippines \u2014 which, like Egypt, have been grappling with rising headline inflation \u2014 \u201deconomic policy has been the most foreign-investor friendly, with a big EGP move in March creating a solid basis for inflows when risk appetite resumes.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/economy-public-policy\/\">Economy + Public Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/monetary-policy\/\">Monetary Policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115437\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115437\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/\">\r\n                            A record year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Bahrain\u2019s Mumtalakat had a good year in 2025&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/&title=Bahrain\u2019s Mumtalakat had a good year in 2025\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bahrain%E2%80%99s+Mumtalakat+had+a+good+year+in+2025+https%3A%2F%2Fenterpriseam.com%2Fmenaplus%2F2026%2F06%2F01%2Fbahrains-mumtalakat-had-a-good-year-in-2025%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/24.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115438\" data-permalink=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/bahrains-mumtalakat-had-a-good-year-in-2025\/24-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/24.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"24.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/24.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/24.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115437\" class=\"content-area-description single-story post-115437 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-bahrain tag-earnings-watch tag-enterpriseam tag-mumtalakat tag-sovereign-funds wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another record year for Mumtalakat: <\/strong>Bahrain\u2019s sovereign wealth fund Mumtalakat <a target=\"_blank\" href=\"https:\/\/www.mumtalakat.bh\/news-media\/press-releases\/mumtalakat-reports-another-record-year-with-profits-rising-to-bhd-592-7-million\" style=\"\">delivered<\/a> in 2025 its strongest earnings ever, joining a growing list of regional SWFs that did well last year, including <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/20\/whats-behind-omans-usd-7-5-bn-sovereign-windfall\/\" style=\"\">the Oman Investment Authority<\/a>. Mumtalakat almost doubled its bottom line y-o-y to BHD 593 mn (USD 1.57 bn) from BHD 317 mn (USD 840 mn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The jump came on the heels of returns on its investment in Formula 1 racing team <\/strong><strong>McLaren Racing<\/strong>, as well as a good year in Aluminium Bahrain (Alba), which saw the industrial player achieve its highest output on record \u2014 about 1.6 mn tons in a year that saw higher-than-usual aluminum prices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat:<\/strong> Both of the primary drivers behind the record performance are one-off tailwinds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Even as Mumtalakat delivers a record performance, the country\u2019s backdrop <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/18\/bahrains-economy-is-teetering-on-the-edge\/\" style=\"\">remains<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/18\/bahrains-economy-is-teetering-on-the-edge\/\" style=\"\">bleak<\/a><\/strong><strong>.<\/strong> Bahrain\u2019s public finances remain in dire straits, with government debt approaching 150% of GDP and debt servicing eating roughly a third of state revenue. <\/p>\n<p class=\"tag-border-left\">War tailwinds? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Misr Fertilizers (Mopco) net income rose 88% y-o-y to EGP 5.3 bn (USD 101.4 mn)<\/strong> in 1Q 2026, according to the fertilizer giant\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/705314.pdf\" style=\"\">earnings release (pdf)<\/a>. Mopco\u2019s top line rose by 29% y-o-y to EGP 8.2 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The drivers: <\/strong>The company cites stable natural gas supplies and an increase in production volumes as a primary driver of its earnings, while skyrocketing fertilizer prices on the back of disruptions at Hormuz have also been a boon for fertilizer players. GCC producers, for example, <a target=\"_blank\" href=\"https:\/\/www.thesignalgroup.com\/newsroom\/market-insights-fertiliser-markets-suffer-from-arabian-gulf-conflict\" style=\"\">account<\/a> for up to 46% of global urea production. About 94% of Mopco\u2019s exports are urea fertilizers. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/mumtalakat\/\">Mumtalakat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/sovereign-funds\/\">sovereign funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115439\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115439\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/\">\r\n                            China\u2019s Cloud Chain plans textile city in Egypt + Attijariwafa launches Morocco\u2019s first neobank                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=China\u2019s Cloud Chain plans textile city in Egypt + Attijariwafa brings Morocco\u2019s first neobank&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/&title=China\u2019s Cloud Chain plans textile city in Egypt + Attijariwafa brings Morocco\u2019s first neobank\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=China%E2%80%99s+Cloud+Chain+plans+textile+city+in+Egypt+%2B+Attijariwafa+brings+Morocco%E2%80%99s+first+neobank+https%3A%2F%2Fenterpriseam.com%2Fmenaplus%2F2026%2F06%2F01%2Fchinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/32.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115440\" data-permalink=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/chinas-cloud-chain-plans-textile-city-in-egypt-attijariwafa-brings-moroccos-first-neobank\/32-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/32.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"32.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/32.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/32.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115439\" class=\"content-area-description single-story post-115439 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-attijariwafa tag-banking tag-enterpriseam tag-investment-watch tag-morocco tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chinese industrial developer Cloud Chain plans to build a USD 1.5-2 bn textile city in <\/strong><strong>Egypt\u2019s Port Said<\/strong> in what could be the region\u2019s first integrated carbon-neutral textile complex, according to an Investment Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0A3eqYqzzkGa4oC2KBiSqEF3gMZzXLFmqNaQoYP5u5zaWdv7cwWzeiCv7JE89eNvql&id=61562245173260\" style=\"\">statement<\/a>. The project would span 4.5 mn sqm and be developed over two 24-month phases \u2014 the first 2 mn sqm phase will host 30-50 textile companies alongside vocational schools and logistics facilities, while the second phase will focus on integrating feeder industries.<\/p>\n<p class=\"tag-border-left\">Digital first<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco\u2019s Attijariwafa Bank launched the country\u2019s first neobank, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2026\/05\/308968\/attijariwafa-bank-launches-simple-moroccos-first-full-scale-neobank\/\" style=\"\">Simple<\/a><\/strong><strong>.<\/strong> The platform, which is being positioned as a \u201csuper app,\u201d replaces L\u2019bankalik, the bank\u2019s previously digital banking arm. Attijariwafa is looking to broaden its client base. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Joint ventures <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF-owned entertainment outfit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.silah.com.sa\/\" style=\"\">Sela<\/a><\/strong><strong> is setting up a joint entertainment and events <\/strong><strong>venture with E<\/strong><strong>gypt-based Talaat Moustafa Group (TMG)<\/strong>, according to a company <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/v\/1GcD4L4nH1\/\" style=\"\">statement<\/a>. The new firm will see Sela manage, develop, and operate live experiences, festivals, and concerts across TMG\u2019s properties in Egypt. The venture\u2019s first project, The Corridor, will include a synchronized series of cultural and sporting events across Egypt and the Kingdom, starting with planned events at Egypt\u2019s North Coast next year.<\/p>\n<p class=\"tag-border-left\">Return of the hub <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Developments from Egypt\u2019s oil and gas sector continue to pour in<\/strong>, with a new oil discovery from Agiba Petroleum and a new MoU with QatarEnergy for the re-export of Cypriot gas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Agiba <\/strong><strong>Petroleum, a JV between Eni and EGPC, made its largest Western Desert <\/strong><strong>discovery in 15 years<\/strong>, striking an estimated 70 mn barrels of oil equivalent at its Bostan South-1X exploratory well, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOPMR\/posts\/pfbid037w1TA3GsAXjyi3VM8yWJF4WqxaHKvXL5qmdek3nAwe4VTArfJqmfa1hukFzUkp8tl?mibextid=wwXIfr&rdid=2X6gjviuOBCEEhKo#\" style=\"\">statement<\/a> from the Oil Ministry. Agiba estimates the find holds roughly 330 bcf of natural gas alongside 10 mn barrels of crude and condensates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The discovery comes as Egypt pushes to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egypt-targets-1-bcf-d-natural-gas-boost-by-years-end-with-investment-model-shakeup\/\" style=\"\">add 1 bcf\/d<\/a> to domestic gas output by year-end to offset costly energy imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- QatarEnergy is exploring the possibility of taking up volumes of Cypriot gas destined <\/strong><strong>for Egypt to fulfill Europe-bound shipments. <\/strong>Under an MoU signed with ExxonMobil and Egypt, the Qatari giant will \u201cstudy enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt\u2019s existing gas and LNG export infrastructure,\u201d QatarEnergy said in a <a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/MediaCenter\/Pages\/newsdetails.aspx?ItemId=3907\" style=\"\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Ahlan, UBS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UBS is moving two senior bankers to <\/strong><strong>the region as it pushes ahead with more job cuts:<\/strong> The bank\u2019s Europe, Middle East and Africa head, Christl Novakovic, is set to move to the Middle East, while its head of wealth management in the Middle East, Niels Zilkens, is relocating to Doha, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-21\/ubs-to-move-emea-wealth-head-to-middle-east-after-departures?srnd=homepage-americas\" style=\"\">Bloomberg<\/a> reports. The move will also see the wealth management unit reorganized to comprise five coverage sectors as of 1 June, a separate memo reportedly said. The relocations come as the firm <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-29\/ubs-sheds-hundreds-in-latest-job-cuts-after-credit-suisse-deal\" style=\"\">pushes through<\/a> with its latest round of job cuts in Europe, Africa, and the Middle East to reduce redundancies following its acquisition of Credit Suisse in 2023. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/attijariwafa\/\">Attijariwafa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/banking\/\">Banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115441\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"115441\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/\">\r\n                            More summer blackouts in Iraq                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=More summer blackouts in Iraq&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/&title=More summer blackouts in Iraq\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+summer+blackouts+in+Iraq+https%3A%2F%2Fenterpriseam.com%2Fmenaplus%2F2026%2F06%2F01%2Fmore-summer-blackouts-in-iraq%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/14.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115442\" data-permalink=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/more-summer-blackouts-in-iraq\/14-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/14.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"14.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/14.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/14.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115441\" class=\"content-area-description single-story post-115441 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking tag-energy tag-enterpriseam tag-infrastructure tag-iraq tag-morocco tag-sports tag-what-were-tracking tag-world-cup-2030 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Iraq is expected to face more blackouts this summer<\/strong> as it no longer has access to the Iranian gas its electricity grid is reliant on, while oil production dropped to about a quarter of prewar levels and Baghdad is effectively unable to export its oil, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f121e88a-46c7-42e2-a19e-82f5f3df53ac\" style=\"\">Financial Times<\/a> reports. The country\u2019s energy picture is further complicated by deep subsidies that make consumption significantly outpace supply, while straining public coffers trying to keep up. With Hormuz still effectively closed, Iraq\u2019s oil exports are now at 600k bbl \/d, down from around 3.3 mn bbl \/d before the conflict. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/22\/the-first-question-for-iraqs-new-prime-minister-isnt-whether-he-can-reform-iraq-its-whether-he-can-make-payroll\/\" style=\"\">Iraq\u2019s new cabinet<\/a> headed by Prime Minister Ali Al Zaidi faces mounting challenges as it grapples with an economic crisis fueled by a drop in oil prices and a large public sector bill. <\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Morocco plans to complete the construction of its 115k-seat stadium planned for the <\/strong><strong>2030 World Cup by the end of 2027<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/soccer\/morocco-aims-complete-stadium-world-cup-final-bid-by-end-2027-official-says-2026-05-23\/\" style=\"\">Reuters<\/a> reports. The stadium is currently around 30% complete and will, when finished, become the world\u2019s largest soccer venue. The stadium and surrounding facilities are expected to cost some USD 1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data point <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Dubai\u2019s annual inflation jumped to 4.8% in April <\/strong>as fuel, freight, and imported food costs rippled through the economy, accelerating sharply from 3.8% in March, according to data by the <a target=\"_blank\" href=\"https:\/\/data.dubai\/en\/e\/statistic\/35681\/367497307?com_dda_data_and_statistics_ThemeId=36954&breadcrumb_com_dda_data_and_statistics_subThemeId=36994\" style=\"\">Dubai Statistics Center<\/a>. On a monthly basis, prices were up 1.3%, accelerating from the 0.9% uptick in March.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/what-were-tracking\/\">WHAT WE\u2019RE TRACKING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/menaplus\/tag\/world-cup-2030\/\">World Cup 2030<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115443\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/115443\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115443\" class=\"content-area-description single-story post-115443 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">June 2026<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">7 June<\/span><span style=\"\"> \u2014 OPEC+ ministerial meeting. <\/span><span style=\"\">Vienna\/Virtual<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">9 June<\/span><span style=\"\"> \u2014 King Abdullah II Accession Day (public holiday, markets closed). <\/span><span style=\"font-weight:400;\">Jordan<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">10\u201314 June <\/span><span style=\"\">\u2014 Syria Buildex International Construction Exhibition. <\/span><span style=\"\">Syria<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">11 June<\/span><span style=\"\"> \u2014 Central Bank of Turkey monetary policy decision. <\/span><span style=\"\">Turkey<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">16-17 June<\/span><span style=\"font-weight:400;\"> \u2014 US Federal Reserve Open Market Committee meeting. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">21-24 June<\/span><span style=\"\"> \u2014 Afreximbank Annual Meetings. <\/span><span style=\"font-weight:400;\">Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">July 2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2 July<\/span><span style=\"\"> \u2014 Parliamentary elections. <\/span><span style=\"\">Algeria<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">5 July<\/span><span style=\"\"> \u2014 Independence Day (public holiday, markets closed). <\/span><span style=\"\">Algeria<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">9 July<\/span><span style=\"\"> \u2014 Central Bank of Egypt monetary policy decision. <\/span><span style=\"\">Egypt<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">14 July<\/span><span style=\"\"> \u2014 Republic Day (public holiday, markets closed). <\/span><span style=\"\">Iraq<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">23 July<\/span><span style=\"\"> \u2014 Revolution Day (public holiday, markets closed). <\/span><span style=\"\">Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">25 July<\/span><span style=\"\"> \u2014 Republic Day (public holiday, markets closed). <\/span><span style=\"\">Tunisia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">28-29 July<\/span><span style=\"font-weight:400;\"> \u2014 US Federal Reserve Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">30 July<\/span><span style=\"\"> \u2014 Throne Day (public holiday, markets closed). <\/span><span style=\"\">Morocco<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">August 2026<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">13 Aug<\/span><span style=\"\"> \u2014 Women\u2019s National Day. <\/span><span style=\"\">Tunisia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">20 Aug<\/span><span style=\"\"> \u2014 Revolution of the King and the People Day (public holiday, markets closed). <\/span><span style=\"\">Morocco<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">20 Aug<\/span><span style=\"\"> \u2014 Central Bank of Egypt monetary policy decision. <\/span><span style=\"\">Egypt<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">21 Aug<\/span><span style=\"\"> \u2014 Youth Day (public holiday, markets closed). <\/span><span style=\"\">Morocco<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">25 Aug<\/span><span style=\"\"> \u2014 Prophet\u2019s Birthday (public holiday, markets closed) \u2014 TBD. <\/span><span style=\"font-weight:400;\">Region-wide<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">31 Aug-3 Sep<\/span><span style=\"\"> \u2014 LEAP technology conference.<\/span><span style=\"font-weight:400;\"> Saudi Arabia <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">September 2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">7-9 Sep<\/span><span style=\"\"> \u2014 AIM Congress. <\/span><span style=\"\">UAE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">15-16 Sep<\/span><span style=\"font-weight:400;\"> \u2014 US Federal Reserve Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">15 Sep<\/span><span style=\"\"> \u2014 <\/span><span>IMF\u2019s eighth review of Egypt\u2019s USD 8 bn EFF arrangement. <\/span><span style=\"\">Egypt<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">16-17 Sep<\/span><span style=\"\"> \u2014 Middle East Banking Innovation Summit. <\/span><span style=\"\">UAE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">23 Sep<\/span><span style=\"\"> \u2014 National Day (public holiday, markets closed). <\/span><span style=\"\">Saudi Arabia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">24 Sep<\/span><span style=\"\"> \u2014 Central Bank of Egypt monetary policy decision. <\/span><span style=\"\">Egypt<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">30 Sep-3 Oct<\/span><span style=\"\"> \u2014 Cityscape Egypt 2026. <\/span><span style=\"\">Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">October 2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">3 Oct<\/span><span style=\"\"> \u2014 National Day (public holiday, markets closed). <\/span><span style=\"\">Iraq<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">6 Oct<\/span><span style=\"\"> \u2014 Armed Forces Day (public holiday, markets closed). <\/span><span style=\"\">Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">15 Oct<\/span><span style=\"\"> \u2014 GCC Made in the Gulf Forum + Exhibition. <\/span><span style=\"\">TBD<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">25 Oct<\/span><span style=\"\"> \u2014 Liberation Day (public holiday, markets closed). <\/span><span style=\"\"> Libya<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">25-27 Oct<\/span><span style=\"\"> \u2014 World Investment Forum 2026. <\/span><span style=\"\">Qatar<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">26-29 Oct<\/span><span style=\"\"> \u2014 Future Investment Initiative.<\/span><span style=\"\"> Saudi Arabia<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">27-28 Oct<\/span><span style=\"font-weight:400;\"> \u2014 US Federal Reserve Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">29 Oct<\/span><span style=\"\"> \u2014 Central Bank of Egypt monetary policy decision. <\/span><span style=\"\">Egypt<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">November 2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">1 Nov<\/span><span style=\"\"> \u2014 Revolution Anniversary (public holiday, markets closed). <\/span><span style=\"font-weight:400;\">Algeria<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2 Nov<\/span><span style=\"\"> \u2014 Abu Dhabi International Petroleum Exhibition + Conference (ADIPEC) opens (through 5 Nov). <\/span><span style=\"\">UAE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">6 Nov<\/span><span style=\"\"> \u2014 Green March Anniversary (public holiday, markets closed). <\/span><span style=\"\">Morocco <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">16 Nov<\/span><span style=\"\"> \u2014 Cityscape Global begins (through 19 Nov). <\/span><span style=\"font-weight:400;\">Saudi Arabia <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">December 2026<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">17 Dec<\/span><span style=\"\"> \u2014 Central Bank of Egypt monetary policy decision. <\/span><span style=\"\">Egypt<\/span> <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Why Tunisia produced outsized tech exits | Ceasefire talks remain in limbo | MGX is in on Anthropic | Turkish Airlines sets sights on global top 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