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Isthe “everything rally” a lasting bull market or a flash in the pan? Investors rushed into stocks, bonds, gold, and crypto assets in December as markets were flooded with bets that the Federal Reserve could start lowering interest rates. But Wall Street is divided over whether the “everything rally” represents a bull market or just […]
Author Archives: enterpriseam admin
Posted inDIPLOMACY
Sudan sends 15 Emirati diplomats packing
Khartoum alleges the UAE has been supplying the Rapid Support Forces
Posted inCALENDAR
DECEMBER 30 November-12 December: COP28, Expo City Dubai. 8 December-14 January: Dubai Shopping Festival, City wide. 12-14 December (Tuesday-Thursday): Organic & Natural Expo Dubai 2023, Dubai World Trade Centre. 13-15 December (Wednesday-Friday): ArabPlast 2023, Dubai World Trade Centre. 15-16 December (Friday-Saturday): Super Angels Summit, Abu Dhabi National Exhibition Centre. Signposted to happen sometime in December: […]
Posted inWHAT WE’RE TRACKING TODAY
It’s the second-to-last (official) day of COP28
Good morning, friends, and welcome to a new week — as well as the penultimate day of COP28. THE BIG STORY here at home remains the slew of agreements signed on the sidelines of COP28 — led once again by homegrown renewables firm Masdar — followed closely by capital markets news. Is COP28 going into […]
Posted inCOP WATCH
COP28 negotiators introduce draft text for new global adaptation goals + Global finance experts roll out climate finance roadmap
The draft did not include a target for an adaptation funding
Posted inENERGY
Masdar signs spate of green hydrogen agreements with an eye on EU exports
Masdar plans to build green hydrogen plants with Austria’s OMV and Verbund, and is looking to supply UAE-produced green fuels to the EU via the Port of Amsterdam.
Posted inIPO WATCH
Dubai Taxi Company shares jump on DFM debut
More than 28k shares changed hands within the first 15 minutes of trading on the DFM
Posted inM&A WATCH
Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem’s super app
The financial details of the transactions were not disclosed
Posted inECONOMY
AM Best affirms Al Fujairah National Ins Company rating, outlook negative
Ins.-focused ratings agency AM Best affirmed Al Fujairah National Ins Company (AFNIC)’s financial strength rating at B++,and the company’s long-term Issuer credit rating at bbb, according to a press release. Both ratings were given a negative outlook. The rationale: AFNIC’s ratings demonstrate the company’s robust balance sheet strength, evaluated as strong by AM Best. The […]
Posted inENERGY
Fourth phase of Al Maktoum is now operational
Fourth phase of Al Maktoum Solar Park is now live: UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum inaugurated the fourth phase of the 5 GW Mohammed bin Rashid Al Maktoum Solar Park, featuring the tallest concentrated solar power (CSP) tower and the largest single-site thermal energy storage in the world, WAM […]