{"id":100378,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=100378"},"modified":"2025-12-15T02:46:45","modified_gmt":"2025-12-15T02:46:45","slug":"dubai-targets-usd-500-mn-alec-engineering-ipo-in-renewed-privatization-drive","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/dubai-targets-usd-500-mn-alec-engineering-ipo-in-renewed-privatization-drive\/","title":{"rendered":"Dubai targets USD 500 mn Alec Engineering IPO in renewed privatization drive"},"content":{"rendered":"<section id=\"100380\" 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=\"100380\">\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\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/this-morning-mubadala-acquires-shares-in-us-hr-firm-deel-cnbc-arcapita-sets-up-shop-in-adgm\/\">\r\n                            THIS MORNING: Mubadala acquires shares in US HR firm Deel -CNBC + Arcapita sets up shop in ADGM                        <\/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 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1231.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100380\" class=\"content-area-description single-story post-100380 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adnoc tag-arcapita tag-barakah-nuclear-plant tag-enterpriseam-uae tag-federal-tax-authority tag-mohammed-bin-rashid-space-centre tag-trade tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.8b90f041-1108-4ce3-924c-d1a23a91c937.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people, and happy hump day. <\/strong>We\u2019re still drinking from a firehose of news here at EnterpriseAM UAE HQ, with the first whisperings of an IPO this year, fresh data on Abu Dhabi\u2019s property sector in 2024, and more earnings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Expect a mostly sunny day today and a humid night<\/strong>, the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/212.pdf\" style=\"\" rel=\"noopener\">National Center of<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/212.pdf\" style=\"\" rel=\"noopener\">Meteorology (pdf)<\/a> says. The mercury in <strong>Dubai <\/strong>will hit 23\u00b0C, with an overnight low of 14\u00b0C, while temperatures will hit 22\u00b0C in <strong>Abu Dhabi<\/strong>, with an overnight low of 15\u00b0C.<\/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=\"wwtt1\"><\/a> <strong>#1- Has Mubadala bought into American HR firm Deel? <\/strong>Fintech-turned-HR firm Deel sold USD 300 mn in secondary shares to General Catalyst and an unnamed sovereign wealth fund, which <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/04\/hr-unicorn-deel-prepares-for-ipo-as-soon-as-2026.html?&amp;qsearchterm=Abu%20dhabi\" style=\"\" rel=\"noopener\">CNBC<\/a> identified as Mubadala. The two entities joined as new investors and facilitated an exit for early investors, boosting the company\u2019s valuation to USD 12.6 bn, the business outlet cited sources familiar with the matter as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company<\/strong><strong> is now edging closer to a public listing, with a potential IPO as early as next year<\/strong>, Deel CEO Alex Bouaziz told CNBC. Deel is focused on enhancing its financial audits, compliance procedures, and infrastructure ahead of the listing, while also battling a lawsuit over alleged illicit transactions, which the company has dismissed as baseless and part of a coordinated attack by a backer of rival firm Rippling.<\/p>\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\"><a id=\"wwtt2\"><\/a><strong> #2- The UAE's Nuclear Regulation Federal Authority (FANR) plans to im<\/strong><strong>plement several projects and strengthen its regulatory framework to improve radiation safety<\/strong>, while expanding international cooperation by sharing the UAE\u2019s nuclear expertise with emerging nuclear countries, FANR director-general Christer Viktorsson told a press briefing yesterday, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi17ejw-federal-authority-for-nuclear-regulation-launch\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The authority will also launch an artificial intelligence strategy in 2025, appointing a chief AI officer to facilitate partnerships in this area.<\/p>\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>#3- The <\/strong><strong>US could look to <\/strong><strong>UAE for aluminium: <\/strong>US companies could look to the UAE and Bahrain for aluminium exports if Trump moves ahead with tariffs on Canada, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2025-02-03\/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D9%86-%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A8%D8%AF%D9%8A%D9%84%D8%A9-%D9%84%D9%84%D8%A3%D9%84%D9%85%D9%86%D9%8A%D9%88%D9%85-%D9%87%D8%B1%D8%A8%D8%A7%D9%8B-%D9%85%D9%86-%D8%B1%D8%B3%D9%88%D9%85-%D8%AA%D8%B1%D8%A7%D9%85%D8%A8\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. Canada accounted for 56% of US aluminum imports in 2023, so shifting sourcing would mean higher costs due to logistics and exchange rates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big players like <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alcoa.com\/global\/en\/home\/\" style=\"\" rel=\"noopener\">Alcoa<\/a><\/strong> <strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.riotinto.com\/\" style=\"\" rel=\"noopener\">Rio Tinto<\/a><\/strong><strong> are eyeing alternatives but are not rushing to make moves<\/strong>, with Alcoa\u2019s President William Oplinger saying last month that the company could start importing more Middle Eastern metal. Trump <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/955ea99e-34ad-408e-9b78-19f40c688a09\/this-morning:-meta-rolls-out-meta-ai-in-the-mena-region-+-opec+-maintains-oil-supply-cut-policy\" style=\"\" rel=\"noopener\">postponed rolling out tariffs<\/a>  after striking last-minute agreements with Mexico and Canada on border issues\u2014leaving companies hesitant to make any long-term shifts just yet, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/us-metal-buyers-likely-turn-mideast-chile-tariffs-bite-2025-02-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p>\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>#4- <\/strong><strong>Iraq\u2019s <\/strong><strong>Khor Mor gas fi<\/strong><strong>eld remains operational after drone strike: <\/strong>Operations at Dana Gas\u2019 Khor Mor gas field in Iraq\u2019s Kurdistan region continue as normal despite a drone strike that \u201ctargeted the vicinity\u201d on Sunday, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/308.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. There were no injuries, and production facilities remained unaffected. Security measures have been implemented, and the company is coordinating with relevant authorities to monitor the situation. <\/p>\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\"><a id=\"wwtt3\"><\/a> <strong>#5- <\/strong><strong>Arcapita<\/strong><strong> receive<\/strong><strong>s ADGM license:<\/strong> Bahrain-based alternative asset management firm <a target=\"_blank\" href=\"https:\/\/www.arcapita.com\/\" style=\"\" rel=\"noopener\">Arcapita Group Holdings<\/a> received a license to operate and open an office in the ADGM, the company said in a <a target=\"_blank\" href=\"https:\/\/www.arcapita.com\/insights\/arcapita-expands-regional-footprint-with-adgm-license-and-abu-dhabi-office\/\" style=\"\" rel=\"noopener\">statement<\/a>. St\u00e9phane Brown (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/st%C3%A9phane-brown\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the firm\u2019s group COO, has been appointed as the senior executive officer of the company\u2019s new UAE-based unit, Arcapita Investment Management. The new office is set to bring Arcapita closer to its growing client base in the region, where the firm\u2019s total transaction value reached USD 1.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arcapita has been investing big in the UAE, <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/637f9d04-42c2-47e5-9c77-7e68f0d63faf\/mashreq-completes-sale-of-65%2525-stake-in-neopay-for-usd-385-mn\" style=\"\" rel=\"noopener\">acquiring Neopay<\/a> from Mashreq for USD 385 mn last month as part of a consortium with Turkish fintech Dgpays. It is also reportedly considering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4cc83b98-53a9-49cc-9b8b-68bf2c085304\/this-morning:-aramex-taps-hsbc-for-potential-adq-acquisition-%2B-arcapita-mulls-reit-for-its-middle-east-investments\" style=\"\" rel=\"noopener\">setting up<\/a> a real estate investment trust for its regional assets.<\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Federal Tax Authority (FTA) is urging registrants to update their tax records within <\/strong><strong>the designated <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/75f4c4de-6a0e-4cd9-90c4-ebb6280968c8\/this-morning:-nmdc-eyes-gcc-based-acquisition-before-year%25e2%2580%2599s-end-%2B-grace-period-for-tax-updates\" style=\"\" rel=\"noopener\">grace period<\/a><\/strong><strong> until the end of March<\/strong><strong> to avoid administrative penalties<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/fta-calls-on-registrants-to-benefit-from-the-grace-period-to-update-their-tax-records-before-end-of-march-2025-kogn9v4x\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Mubadala Abu Dhabi Open continues today with the round of 16 at Zayed Sports City<\/strong>, after several big games yesterday, including Ons Jabeur\u2019s upset of Latvia\u2019s Jelena Ostapenko and Russia\u2019s Anastasia Pavlyuchenkova\u2019s defeat of American Sofia Kenin<strong>. <\/strong>The big games to watch out for today: <\/p>\n<ul>\n<li>Starting 11am: Belinda Bencic vs. Veronika Kudermetova;   Yulia Putintseva vs.   Mark\u00e9ta Vondrou\u0161ov\u00e1; and Elena Rybakina vs. Katie Volynets;<\/li>\n<li>After 5pm: Sonobe Wakana vs. Ons Jabeur, and Linda Noskov\u00e1 vs. Paula Badosa<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can still buy tickets for the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mubadalaabudhabiopen.com\/tickets\/\" style=\"\" rel=\"noopener\">tournament<\/a><\/strong>, which ends on 8 February, here. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.medlabme.com\/en\/home.html\" style=\"\" rel=\"noopener\">Medlab Middle East<\/a><\/strong><strong> is in full swing until 6 February<\/strong> at Dubai World Trade Center. The event is a platform for attendees to explore the latest innovations in medical lab technologies, diagnostics, and research. It features the participation of laboratory manufacturers, healthcare experts, procurement professionals, suppliers, and distributors from across the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aieverythingglobal.com\/home\" style=\"\" rel=\"noopener\">AI Everything Global<\/a><\/strong><strong> continues today at the Dubai Exhibition Center<\/strong> and will wrap up tomorrow. The event brings together policymakers, industry leaders, and tech pioneers to explore AI\u2019s transformative role across many industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aeedc.com\/\" style=\"\" rel=\"noopener\">The International Dental Conference and Arab Dental Exhibition<\/a><\/strong><strong> will run <\/strong><strong>today and <\/strong><strong>tomorrow <\/strong>at the Dubai World Trade Center. The event hosts visitors, brands, companies, speakers, lectures, seminars, scientific discussions, and country pavilions showcasing dental innovations.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s latest plans are bringing our region back into the spotlight in the international press this morning<\/strong>, as the US president pushes once again for the \u201ccleaning out\u201d of Gaza, and ramps up the pressure on Iran.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump proposed yesterday in a press conference with Israel\u2019s Prime Minister Benjamin Netanyahu that the US take over, develop and \u201cown\u201d the Gaza Strip to turn it into<\/strong> \u201cthe Riviera of the Middle East,\u201d while calling for the forced displacement of \u201call\u201d 2.2 mn Palestinians who call it home. \u201cCountries of interest with human hearts\u201d could fund permanent resettlement of Gazans in Egypt, Jordan and possibly other locations \u201cwhere they can live a beautiful life,\u201d Trump is quoted as saying. The 365 sq km enclave has seen its infrastructure nearly decimated since October 2023, due to continuous Israeli bombardment and demolitions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump thinks he can persuade the region to take in the Gazans. <\/strong>\u201cThey say they\u2019re not going to accept,\u201d he said of Egypt, Jordan, and other Arab countries, standing next to Netanyahu. \u201cI say they will.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hamas was quick to reject the proposals, <\/strong>saying that \u201cour people in Gaza will not allow for these plans to come to pass.\u201d Egypt and Jordan had already rejected Trump\u2019s earlier pleas for them to take in refugees, with Jordan\u2019s King Abdullah heading to Washington next week to meet with Trump. Saudi Arabia also reiterated its public stance linking normalization with Israel to the establishment of a Palestinian state, and rejecting settlement, annexation or displacement of Palestinians as \u201cnon-negotiable\u201d with new or old US administrations. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/live\/gaza-live-trump-proposes-permanent-displacement-gazans-2025-02-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-04\/trump-insists-that-jordan-and-egypt-will-take-in-palestinians\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/02\/04\/politics\/netanyahu-trump-white-house-meeting\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/21579349-163f-4337-8e47-1ca8e1bb9741\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/02\/04\/us\/trump-administration-rfk-jr-gabbard#trump-netanyahu-meeting-israel-gaza\" style=\"\" rel=\"noopener\">NY Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Trump signed a presidential memorandum ahead of the conference reinstating a \u201cmaximum pressure\u201d campaign on Iran to curb its nuclear ambitions. The memo also includes a campaign aimed at \u201cdriving Iran\u2019s oil exports to zero,\u201d threatening USD 53 bn of Iranian oil exports, per 2023 estimates. As usual, Trump signalled he was open to negotiating an agreement with Iran that saves everyone the trouble. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-set-reimpose-maximum-pressure-iran-official-says-2025-02-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/04\/us\/politics\/trump-iran-executive-order.html\" style=\"\" rel=\"noopener\">NY Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/04\/trump-reimposes-maximum-pressure-on-iran-aims-to-drive-oil-exports-to-zero.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15eglfx-abu-dhabi-host-swaac-elso-2025-conference\" style=\"\" rel=\"noopener\">The SWAAC ELSO Annual Conference 2025<\/a><\/strong><strong> will take place from 6-8 February<\/strong> at the Conrad Hotel Abu Dhabi, bringing over 1k global experts, doctors and lecturers in Extracorporeal Membrane Oxygenation (ECMO). The conference will feature discussions on ECMO research, clinical advancements, and future priorities in life-saving therapies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/erra-organises-the-first-international-reprographic-rights-conference-in-the-uae-oisa2xw4\" style=\"\" rel=\"noopener\">The International Conference on Reprographic Rights Management<\/a><\/strong><strong> will take place <\/strong><strong>between 19-20 February <\/strong>in Sharjah. The event will feature panel discussions on creative rights and their collective management, as well as the impact of artificial intelligence and technology on creative works.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/dubai.worldofcoffee.org\/newfront\" style=\"\" rel=\"noopener\">World of Coffee Dubai 2025<\/a><\/strong><strong> will take place from 10-12 February <\/strong>at Dubai World Trade Center. The global coffee trade event will bring together over 300 exhibitors, coffee professionals, producers, and enthusiasts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/maltcongress.com\/\" style=\"\" rel=\"noopener\">Meetings Arabia &amp; Luxury Travel (MALT) Congress 2025<\/a><\/strong><strong> is scheduled for 19-20 <\/strong><strong>February <\/strong>at the Abu Dhabi Convention and Exhibition Bureau, connecting buyers and suppliers to discuss the future of incentive travel, corporate events, and high-end hospitality.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.idc.com\/mea\/events\/71538-idc-middle-east-cio-summit-2025\" style=\"\" rel=\"noopener\">I<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.idc.com\/mea\/events\/71538-idc-middle-east-cio-summit-2025\" style=\"\" rel=\"noopener\">DC Middle East CIO Summit 2025<\/a><\/strong><strong> will take place on 19-20 February <\/strong>at the Grand Hyatt, Dubai under the theme \u201carchitecting an AI-fueled business.\u201d The event will bring together C-suite executives, industry leaders, and technology providers to explore AI\u2019s impact on businesses. e&amp; enterprise has been named the official host partner.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.boatshowdubai.com\/\" style=\"\" rel=\"noopener\">Dubai International Boat Show<\/a><\/strong><strong> 2025 will run from 19-23 February <\/strong>at Dubai Harbour, featuring luxury yachts, superyachts, and marine innovations. It will bring together global industry leaders and water sports enthusiasts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/affiliateworldconferences.com\/dubai?utm_source=google&amp;utm_medium=brand&amp;utm_term=affiliate%20world%20dubai%202025&amp;gad_source=1&amp;gclid=CjwKCAiAzPy8BhBoEiwAbnM9O8mNfGFbW2V_EfDxeyByEd9ifmlmNus2frxAH3R1Udm8amMpXwqWyhoCC50QAvD_BwE\" style=\"\" rel=\"noopener\">Affiliate World Dubai<\/a><\/strong><strong> 2025 will take place on<\/strong> <strong>26-27 February<\/strong> at Dubai World Trade Center. It will gather experts in affiliate marketing, e-commerce, and digital advertising for two days of networking.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/justice-love-peace.com\/\" style=\"\" rel=\"noopener\">The Global Justice, Love &amp; Peace Summit<\/a><\/strong><strong> will take place between 12-13 April at the <\/strong><strong>Dubai Exhibition Center in Expo City<\/strong>. The event will bring together 2.8k peacekeepers, including 10 Nobel Laureates, heads of state, policymakers, and global influencers, to discuss justice, equality, and peace-building initiatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\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\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/arcapita\/\">Arcapita<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    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src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"100383\" 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=\"100383\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/state-backed-alec-engineering-targets-usd-500-mn-ipo-in-mid-2025\/\">\r\n                            State-backed Alec Engineering targets USD 500 mn IPO in mid-2025                        <\/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\/uae\/2025\/02\/05\/state-backed-alec-engineering-targets-usd-500-mn-ipo-in-mid-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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wp-post-image\" alt=\"\" data-attachment-id=\"100384\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/state-backed-alec-engineering-targets-usd-500-mn-ipo-in-mid-2025\/372-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/372.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"372.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/372.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/372.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100383\" class=\"content-area-description single-story post-100383 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-investment-corporation-of-dubai tag-ipo tag-ipo-watch tag-privatization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.e2f2acf5-8af8-41ec-aa73-434ec9aa1b53.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai\u2019s ICD readies USD 500 mn Alec Engineering IPO:<\/strong> Dubai's state-backed Investment Corporation of Dubai (ICD) is preparing to launch an IPO of construction giant Alec Engineering &amp; Contracting that could raise up to USD 500 mn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-04\/dubai-said-to-seek-up-to-500-million-from-alec-engineering-s-ipo?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing unnamed people familiar with the matter. The IPO \u2014 tentatively slated for mid-2025 \u2014 would mark Dubai's first major IPO of a state-backed company since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a73ac530-debb-4dcc-a9b7-eaa8a4ab3b90\/first-ipo-of-the-year-was-165x-oversubscribed\" style=\"\" rel=\"noopener\">Parkin<\/a> last year.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; font-size: 11pt; font-family: Arial; line-height: 1.15;\"><strong style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">Advisors:<\/strong><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\"> Alec <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2feb924-f76a-4703-af1e-485f9061c6b2\/icd-backed-alec-taps-banks-ahead-of-planned-ipo\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">tapped<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2feb924-f76a-4703-af1e-485f9061c6b2\/icd-backed-alec-taps-banks-ahead-of-planned-ipo\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\"><\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\"> Emirates NBD Capital and JPMorgan Chase to work on the offering, with Moelis advising ICD. Additional banks may join the syndicate as plans solidify.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details of the offering remain provisional<\/strong>, with specifics including the fundraising target and exact timeline still being finalized.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move would give renewed impetus to Dubai's privatization program<\/strong>, under which it planned to list <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a73ac530-debb-4dcc-a9b7-eaa8a4ab3b90\/first-ipo-of-the-year-was-165x-oversubscribed\" style=\"\" rel=\"noopener\">10 state-owned companies<\/a>. Alec would be the seventh state-owned company to get a public listing as part of the program, after IPOs for Parkin, as well as utilities firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6d10d6c-2025-4819-8531-8ad557ef6315\/dubai'\" style=\"\" rel=\"noopener\">(Dewa), Dubai Taxi, toll operator Salik, business district developer Tecom, and cooling services firm (Empower).<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has a strong pipeline of IPOs <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/296a6e5c-66ff-4716-b801-7527d5c7a010\/bright-outlook-for-2025-ipos-in-the-uae-and-the-gcc,-following-a-strong-year--kamco\" style=\"\" rel=\"noopener\">for 2025<\/a><\/strong>: <\/p>\n<ul>\n<li>ADQ is reportedly preparing a USD 1 bn IPO for <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">Etihad Airways<\/a><\/strong> on the Abu Dhabi Securities Exchange (ADX) in 2025;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5a6a284-e95b-4f0b-a577-0cfaccd95a8d\/abu-dhabi%25e2%2580%2599s-alpha-data-mulls-usd-200-mn-ipo\" style=\"\" rel=\"noopener\">Alpha Data<\/a><\/strong> is reportedly planning a USD 200 mn listing on the ADX;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/918d9977-77ec-41f2-a515-70b01ddc9703\/dubizzle-taps-new-banks-for-2025%253cmark%253e-ipo%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Dubizzle Group<\/a><\/strong> has tapped banks for a 2025 IPO on the Dubai Financial Market (DFM);<\/li>\n<li>Hospitality group <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">Five Holdings<\/a><\/strong> tapped advisors for a potential listing;<\/li>\n<li><strong>Amanat Holdings<\/strong> is planning to list its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e11209cb-2436-465a-8a18-8f9e15410aac\/%253cmark%253eamanat%253c%2Fmark%253e-holdings-to-discuss-potential-ipo-of-education-unit-today\" style=\"\" rel=\"noopener\">education<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare<\/a> units;<\/li>\n<li>and Shisha producer <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/mideasts-biggest-tobacco-firm-air-invites-banks-pitch-roles-ipo-sources-2023-07-04\/\" style=\"\" rel=\"noopener\">Advanced Inhalation Ritual<\/a> is also rumored to potentially IPO.<\/li>\n<\/ul>\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\/uae\/tag\/investment-corporation-of-dubai\/\">Investment Corporation of Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/privatization\/\">Privatization<\/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=\"100385\" 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=\"100385\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/abu-dhabi-residential-prices-jump-6-2-in-4q-2024-despite-decline-in-off-plan-sales-valustrat\/\">\r\n                            Abu Dhabi residential prices jump 6.2% in 4Q 2024 despite decline in off-plan sales -ValuStrat                        <\/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\/uae\/2025\/02\/05\/abu-dhabi-residential-prices-jump-6-2-in-4q-2024-despite-decline-in-off-plan-sales-valustrat\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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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=Abu+Dhabi+residential+prices+jump+6.2%25+in+4Q+2024+despite+decline+in+off-plan+sales+-ValuStrat+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F05%2Fabu-dhabi-residential-prices-jump-6-2-in-4q-2024-despite-decline-in-off-plan-sales-valustrat%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\/uae\/2025\/02\/05\/abu-dhabi-residential-prices-jump-6-2-in-4q-2024-despite-decline-in-off-plan-sales-valustrat\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100386\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/abu-dhabi-residential-prices-jump-6-2-in-4q-2024-despite-decline-in-off-plan-sales-valustrat\/370-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"370.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100385\" class=\"content-area-description single-story post-100385 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-abu-dhabi tag-enterpriseam-uae tag-hospitality tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.4d7fcedc-c90e-47fd-b115-9684182d41fe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu <\/strong><strong>Dhabi\u2019s real estate market \u201cmaintained its positive momentum\u201d in 2024<\/strong> despite a 40.3% dip in off-plan sales, according to a ValuStrat <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/300.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. Growth was supported by rising transaction volumes in the ready segment, increasing rents, and strong commercial occupancy.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; font-size: 11pt; font-family: Arial; line-height: 1.15;\"><strong style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">Prices rose across the board, led by villas: <\/strong><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">Villa prices saw the strongest gains, rising 8.9% y-o-y and 2.3% q-o-q in 4Q 2024, while apartment prices increased 3.5% y-o-y and 1.5% q-o-q.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Off-plan sales took a hit: <\/strong>Off-plan sales dropped 60.8% y-o-y in 4Q 2024 \u2014 despite growing 17.6% q-o-q \u2014 \u201clikely due to fewer project launches this year,\u201d the report said. On the flip side, the average ticket size for off-plan properties surged 34.8% y-o-y to AED 3.6 mn, the report said. Meanwhile, ready home sales jumped 89.2% y-o-y, with 1.4k recorded in 4Q 2024. However, the average ticket size for ready properties declined 7.2% y-o-y and 8.8% q-o-q to AED 2 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s rentals continued their upward trajectory<\/strong>, with villa rents growing 6.6% and apartment rents rising 8.2% in 4Q. The residential occupancy rate stood at 86% for the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the commercial side: <\/strong>Commercial real estate in the emirate also saw strong rental growth, with asking rent prices in primary business districts rising 25.9% y-o-y and 3.4% q-o-q in 4Q. Demand for quality office space pushed average occupancy rates to above 90%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hospitality and retail were also bright spots: <\/strong>The hospitality sector maintained a 79% occupancy rate in 2024, driving revenue per available room to rise 19% y-o-y. The retail sector also remained stable, with major shopping malls sustaining an 89% occupancy rate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead<\/strong>, <strong>ValuStrat expects Abu Dhabi\u2019s residential market to maintain moderate growth <\/strong><strong>in 2025, with stabilization in some communities.<\/strong> Apartment prices are projected to increase by 6%, while villas could see 4% price growth. Rental rates are also expected to rise further, recording \u201cslight increments in both villa and apartment sub-markets during 2025.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Dubai\u2019s real estate market also continued to see <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9a97e80-a536-4e08-8b2f-2397ba07ae44\/dubai-property-prices-surge-27.5%2525-as-supply-falls-short\" style=\"\" rel=\"noopener\">price<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9a97e80-a536-4e08-8b2f-2397ba07ae44\/dubai-property-prices-surge-27.5%2525-as-supply-falls-short\" style=\"\" rel=\"noopener\">appreciation in 4Q 2024<\/a>. Prices for villas and townhouses were up 31.6% y-o-y, compared to a growth of 23.6% for apartment prices. The prime segment also saw an annual price increase of 29.9% y-o-y. On the rental side, residential rents increased 9.8% y-o-y while office rents surged 20.8%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"100387 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"100387\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/100387-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100387\" class=\"content-area-description single-story post-100387 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/youtu.be\/lIRD3hxzdgY\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1339.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"100388\" 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=\"100388\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/qeen-ai-raises-usd-10-mn-seed-funding-for-ai-powered-e-commerce-solutions-smpl-fund-i-invests-in-qora71s-portfolio\/\">\r\n                            qeen.ai raises USD 10 mn seed funding for AI-powered e-commerce solutions + Smpl Fund I invests in Qora71\u2019s portfolio                        <\/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\/uae\/2025\/02\/05\/qeen-ai-raises-usd-10-mn-seed-funding-for-ai-powered-e-commerce-solutions-smpl-fund-i-invests-in-qora71s-portfolio\/\" target=\"_blank\">\n                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               <!-- <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\/uae\/2025\/02\/05\/qeen-ai-raises-usd-10-mn-seed-funding-for-ai-powered-e-commerce-solutions-smpl-fund-i-invests-in-qora71s-portfolio\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/611.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100389\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/qeen-ai-raises-usd-10-mn-seed-funding-for-ai-powered-e-commerce-solutions-smpl-fund-i-invests-in-qora71s-portfolio\/611-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/611.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"611.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/611.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/611.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100388\" class=\"content-area-description single-story post-100388 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-artificial-intelligence tag-enterpriseam-uae tag-investment tag-startup-watch tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.abfb8ebc-79d8-4ea9-939d-2feb372facf0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai<\/strong><strong>-based AI startup qeen.ai raised USD 10 mn in seed funding<\/strong>, marking one of the largest seed rounds in the region, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/379.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.The round was led by <a target=\"_blank\" href=\"https:\/\/www.prosus.com\/prosus-ventures\" style=\"\" rel=\"noopener\">Prosus Ventures<\/a>, with participation from <a target=\"_blank\" href=\"https:\/\/wamdacapital.com\/\" style=\"\" rel=\"noopener\">Wamda Capital<\/a>, <a target=\"_blank\" href=\"https:\/\/www.10xfounders.com\/\" style=\"\" rel=\"noopener\">10x Founders<\/a>, and <a target=\"_blank\" href=\"https:\/\/daraholdings.co.uk\/\" style=\"\" rel=\"noopener\">Dara Holdings<\/a>. The fresh cash will go into <a target=\"_blank\" href=\"http:\/\/qeen.ai\" style=\"\" rel=\"noopener\">qeen.ai<\/a> \u2019s <strong>agentic AI platform<\/strong>, help <strong>scale its team<\/strong>, and <strong>bring more merchants<\/strong> into the fold.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; font-size: 11pt; font-family: Arial; line-height: 1.15;\"><strong style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">REMEMBER- <\/strong><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">Last June, qeen.ai secured USD 2.2 mn in <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2e773d76-098e-46ef-8ddf-e0c600d3faff\/ai-startup-qeen.ai-secures-usd-2.2-mn-in-pre-seed-round\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">pre-seed funding<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2e773d76-098e-46ef-8ddf-e0c600d3faff\/ai-startup-qeen.ai-secures-usd-2.2-mn-in-pre-seed-round\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\"><\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\"> led by Wamda Capital, with participation from 10x Founders, <\/span><a target=\"_blank\" href=\"https:\/\/www.aditumim.com\/\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">Aditum<\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">, Dara Holdings, <\/span><a target=\"_blank\" href=\"https:\/\/jabbar.com\/\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">Jabbar Group<\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">, <\/span><a target=\"_blank\" href=\"https:\/\/phazeventures.com\/\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">Phaze Ventures<\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">, and Eureka 460. That round focused on improving the accessibility and user-friendliness of its no-code multilingual GenAI solutions for e-commerce businesses.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About queen.ai:<\/strong> Founded in 2023 in the UAE by Dina Alsamhan <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/dina-alsamhan-3a5aa024\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3Bhto%2FP60IR4WQSpaV08ILuQ%3D%3D\" style=\"\" rel=\"noopener\">(LinkedIn)<\/a>, Ahmad Khwileh <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ahmadkhwileh\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3Bhto%2FP60IR4WQSpaV08ILuQ%3D%3D\" style=\"\" rel=\"noopener\">(LinkedIn)<\/a>, and Morteza Ibrahimi <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mibrahimi\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3Bhto%2FP60IR4WQSpaV08ILuQ%3D%3D\" style=\"\" rel=\"noopener\">(LinkedIn)<\/a>, qeen.ai develops AI solutions designed to enhance online sales and customer lifetime value for e-commerce businesses. Its products focus on AI-powered copy and content generation, localization, and recommendation tools. The startup says its customers have achieved a 30% conversion rate on their platforms since adopting qeen.ai\u2019s solutions.<\/p>\n<p class=\"tag-border-left\"> OTHER STARTUP NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Smpl <\/strong><strong>Fund I invests USD 250k in AI startups from Qora71\u2019s portfolio:<\/strong> Abu Dhabi-based Smpl Holdings\u2019 venture fund Smpl Fund I has made a USD 250k investment in multiple AI and tech startups from venture investor syndicate Qora71\u2019s portfolio, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/334.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The Abu Dhabi-based fund, which focuses on supporting early-stage AI and tech companies across Mena and beyond, provides both capital and strategic guidance to help drive growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Launched in June, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a9cb50fd-4bbe-4d8f-b671-8efa8b905c37\/etihad-cargo-to-start-operating-freighters-to-china\" style=\"\" rel=\"noopener\">Smpl Fund I<\/a> is a USD 10 mn venture fund by Smpl Holdings, aimed at offering seed capital and strategic support to AI and tech startups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Qora71:<\/strong> Qora71 is a venture investor syndicate and part of the Hub71 Angel Program, offering accredited investors flexible investments. Its portfolio includes over 50 AI and emerging tech firms, with recent investments in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1e1bebd8-e02e-4baa-abc6-4c1ae301d628\/%253cmark%253eqora71%253c%2Fmark%253e-backs-basetwo-in-usd-11.5-mn-series-a-round\" style=\"\" rel=\"noopener\">Basetwo AI<\/a>, zypl.ai, Abwab.ai, autone, Biosapien, and Algooru.<\/p>\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\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/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=\"100390\" 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=\"100390\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/\">\r\n                            Multiply Group and Borogue report 2024 earnings                        <\/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\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/\" 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\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/')\">\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\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/\">\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=Multiply Group and Borogue report 2024 earnings&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/\">\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\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/&title=Multiply Group and Borogue report 2024 earnings\">\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=Multiply+Group+and+Borogue+report+2024+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F05%2Fmultiply-group-and-borogue-report-2024-earnings%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\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100391\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/multiply-group-and-borogue-report-2024-earnings\/1602-jpg-55\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1602.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100390\" class=\"content-area-description single-story post-100390 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc tag-borouge tag-earnings-watch tag-enterpriseam-uae tag-multiply-group wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.8c60fb2b-4569-41bd-a344-28c1bf479684.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">BOROUGE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc petrochemicals <\/strong><strong>JV Borouge saw its net income climb 15% y-<\/strong><strong>o-y to USD <\/strong><strong>331 mn in 4Q 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/292.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues rose 8% y-o-y to USD 1.6 bn during the period, as overall sales volumes increased 8% y-o-y to 1.5 mn tonnes.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; font-size: 11pt; font-family: Arial; line-height: 1.15;\"><strong style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">On an annual basis<\/strong><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">, the company\u2019s net income increased 24% y-o-y in 2024 to USD 1.2 bn, driven by record production and sales volumes, which reached 5.3 mn tonnes, on the back of strong customer relationships and expansion into high-growth markets in Asia, the Middle East, and Africa, the statement said. Meanwhile, revenues rose 4% y-o-y during the year to USD 6 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> The company expects average selling prices to improve in 1Q 2025 from 4Q 2024, maintaining management guidance at USD 200 per tonne for polyethylene and USD 140 per tonne for polypropylene, the release said. Borouge will continue focusing on expanding into circular and durable value-added product segments. Meanwhile, preparations for the Borouge 3 planned maintenance are on track, with a 320-kilotonne impact expected in 2Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The company plans to distribute USD 1.3 bn in dividends in 2025 \u2014 similar to the previous year \u2014 representing a 6.3% current dividend yield, according to the earnings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- Bourge to tap into the Chinese market:<\/strong> Borouge is currently working with Wanrong New Materials (Fujian), a subsidiary controlled by China\u2019s Wanhua Chemical, on the potential establishment of a specialized polyolefins production complex in China with an annual capacity of 1.6 mn tonnes, CEO Hazeem Sultan Al Suwaidi told Wam (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi17e8a-borouge-mulling-establishment-speciality\" style=\"\" rel=\"noopener\">watch, runtime: 06:01<\/a>). Al Suwaidi identified China as a \u201ckey growth market,\u201d driven by rising manufacturing demand for high-quality materials, and named Asia, Africa, and the Middle East as other priority regions for expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Borouge is also focusing on AI and digital integration to boost operational efficiency and productivity<\/strong> and reduce emissions, Al Suwaidi said. The company\u2019s AI-driven initiatives generated over AED 2 bn in 2024.<\/p>\n<p class=\"tag-border-left\">MULTIPLY GROUP- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu <\/strong><strong>Dhabi-based investment firm Multiply Group\u2019s bottom line fell 65.8% y-o-y to AED <\/strong><strong>189 mn in 2024<\/strong>, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/290.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Excluding fair value charges, the company\u2019s net income came in at AED 1 bn, up 7.1%. The firm's revenues rose 56.2% y-o-y to AED 2 bn. Multiply\u2019s Group CEO Samia Bouazza credited the top-line growth to \u201cdouble-digit organic growth across all verticals,\u201d fueled by acquisitions and operational efficiencies, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/291.pdf\" style=\"\" rel=\"noopener\">earnings release (<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/291.pdf\" style=\"\" rel=\"noopener\">pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/291.pdf\" style=\"\" rel=\"noopener\">)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Multiply group\u2019s subsidiary Emirates Driving Company acquired a 51% stake in Excellence Premier Investment in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b097cc9-51f2-474c-b75e-dd5946ee2260\/emirates-driving-acquires-majority-stake-in%253cmark%253e-excellence%253c%2Fmark%253e-driving-center-owner\" style=\"\" rel=\"noopener\">July 2024<\/a>. The company\u2019s beauty unit, Omorfia Group also, fully acquired UAE-based beauty services provider Grooming Company Holding in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2e505a05-29d4-4e6f-bb0e-cd1a4f5070df\/%253cmark%253emultiply%253c%2Fmark%253e%25e2%2580%2599s-omorfia-takes-over-sisters-and-n.bar-owner-the-grooming-company\" style=\"\" rel=\"noopener\">June 2024<\/a>. It also acquired 100% of digital advertising company BackLite Media for an undisclosed sum back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ca7b2a6-841f-4493-811f-a1e71b4ab02d\/multiply-group-acquires%253cmark%253e-blacklite%253c%2Fmark%253e-media-ahead-of-potential-ipo\" style=\"\" rel=\"noopener\">February 2024<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ca7b2a6-841f-4493-811f-a1e71b4ab02d\/multiply-group-acquires%253cmark%253e-blacklite%253c%2Fmark%253e-media-ahead-of-potential-ipo\" style=\"\" rel=\"noopener\"><\/a>.<\/p>\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\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/borouge\/\">Borouge<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/multiply-group\/\">Multiply Group<\/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=\"100392\" 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=\"100392\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/\">\r\n                            Sultan Al Jaber is calling for a global energy reset                        <\/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\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/\" 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\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/')\">\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\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/\">\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=Sultan Al Jaber is calling for a global energy reset&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/\">\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\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/&title=Sultan Al Jaber is calling for a global energy reset\">\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=Sultan+Al+Jaber+is+calling+for+a+global+energy+reset+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F05%2Fsultan-al-jaber-is-calling-for-a-global-energy-reset%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\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/368.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100393\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/sultan-al-jaber-is-calling-for-a-global-energy-reset\/368-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/368.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"368.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/368.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/368.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100392\" class=\"content-area-description single-story post-100392 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-adnoc tag-energy tag-oil-and-gas tag-renewables tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.3af39bda-0568-4527-91ac-fa13e45c2b96.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sultan <\/strong><strong>Al Jaber\u2019s global energy ambitions made headlines:<\/strong> Industry and Advanced Technology Minister Sultan Al Jaber penned a piece for <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/02\/03\/2025\/three-megatrends-will-drive-a-new-energy-era\" style=\"\" rel=\"noopener\">Semafor<\/a> arguing for a reset in the global energy conversation. With energy demand projected to surge from 9k GW today to as much as 35k GW by 2050, Al Jaber calls for a pragmatic \u201cand-and\u201d approach that embraces lower-carbon gas, nuclear, hydrogen, and renewables instead of restricting energy options. \u201cFor too long, the world has been trapped in a false choice between energy access and sustainability,\u201d he said, pushing for policies that deliver both abundance and decarbonization.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; font-size: 11pt; font-family: Arial; line-height: 1.15;\"><strong style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">The UAE is already laying the groundwork for the shift<\/strong><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">, with Masdar\u2019s renewables investments spanning over 70 countries and Abu Dhabi\u2019s latest energy venture, XRG, partnering with <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be3bac42-d21c-4ef3-befd-3f58320b1948\/adnoc-to-snap-up-35%2525-of-exxon%25e2%2580%2599s%253cmark%253e-texas%253c%2Fmark%253e-hydrogen-project\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">Exxon<\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">, <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f156b800-1f4b-4254-95c4-d8598329988e\/adnoc-acquires-11.7%2525-stake-in%253cmark%253e-nextdecade%253c%2Fmark%253e'\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">NextDecade<\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">, and <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/df29a56b-f968-40a5-88c1-089fb205fa26\/adnoc'\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">Covestro<\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\"> on projects across hydrogen, liquified natural gas, and advanced materials. A first-of-its-kind UAE facility <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/efee1459-f282-4ca5-b17f-f607fefe821e\/masdar-unveils-usd-6-bn-mega-solar-and-battery-project-in-abu-dhabi\" style=\"font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\" rel=\"noopener\">combining 5 GW of solar with 19 GWh of storage<\/a><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\"> is also tackling one of renewables\u2019 biggest challenges: intermittency. <\/span><strong style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\">The world needs not only \u201cmore energy, we need more positive energy,\u201d<\/strong><span style=\"background-color: transparent; font-size: 14px; font-family: Poppins, Helvetica, &quot;sans-serif&quot;;\"> linking energy with progress, Jaber said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Is <\/strong><strong>XRG<\/strong><strong> taking over some of Adnoc\u2019s US assets? <\/strong>Adnoc appears to have transferred its stakes in Exxon Mobil\u2019s hydrogen project and NextDecade\u2019s liquefied natural gas (LNG) Rio Grande LNG export facility, both Texas-based, to its low-carbon energy investment arm XRG, according to Al Jaber\u2019s statements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Adnoc reached an agreement to acquire a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be3bac42-d21c-4ef3-befd-3f58320b1948\/adnoc-to-snap-up-35%2525-of%253cmark%253e-exxon%253c%2Fmark%253e%25e2%2580%2599s-texas-hydrogen-project\" style=\"\" rel=\"noopener\">35% stake<\/a> in Exxon Mobil\u2019s low-carbon hydrogen project last September, with the project launch set for 2029. It later <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/795148d9-6f8d-4c2c-adb1-db27ea987741\/fertiglobe-reports-first-set-of-earnings-since-adnoc-acquisition,-with-the-producer-set-to-snap-up-adnoc%25e2%2580%2599s-stake-in%253cmark%253e-exxon%253c%2Fmark%253e%25e2%2580%2599s-texas-hydrogen-project\" style=\"\" rel=\"noopener\">transferred its stake<\/a> to its ammonia arm Fertiglobe. The oil giant also acquired an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f156b800-1f4b-4254-95c4-d8598329988e\/adnoc-acquires-11.7%2525-stake-in%253cmark%253e-nextdecade%253c%2Fmark%253e'\" style=\"\" rel=\"noopener\">11.7% stake<\/a> in the first phase of sustainable LNG producer NextDecade's USD 18 bn Rio Grande LNG export facility back in May. <\/p>\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\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/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=\"100394\" 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=\"100394\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/\">\r\n                            Logic Holding acquires majority stake in Nexel to expand GCC presence                        <\/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\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/\" 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\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/')\">\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\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/\">\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=Logic Holding acquires majority stake in Nexel to expand GCC presence&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/\">\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\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/&title=Logic Holding acquires majority stake in Nexel to expand GCC presence\">\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=Logic+Holding+acquires+majority+stake+in+Nexel+to+expand+GCC+presence+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F05%2Flogic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence%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\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/366.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100395\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\/366-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/366.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"366.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/366.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/366.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100394\" class=\"content-area-description single-story post-100394 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ad-ports tag-also-on-our-radar tag-crypto tag-debt tag-digitization tag-e tag-hospitality tag-investment tag-logistics tag-lunate tag-ma tag-manufacturing tag-real-estate tag-shuaa-capital tag-space tag-telecoms tag-web3 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.b46fae04-9bef-482a-8082-379767b0cbad.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Egypt\u2019s Logic Holding nabs majority stake in Nexel: <\/strong>Cairo-born management consulting group <a target=\"_blank\" href=\"https:\/\/logic-consulting.com\/\" style=\"\" rel=\"noopener\">Logic Holding<\/a> acquired a majority stake in homegrown advisory firm <a target=\"_blank\" href=\"https:\/\/nexelpartners.com\/\" style=\"\" rel=\"noopener\">Nexel Partners<\/a> for an undisclosed sum, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/329.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. While the exact size of Logic\u2019s stake in Nexel was not disclosed, the acquisition plays right into the company\u2019s growth plans across key markets in the region. Nexel also has offices in Riyadh and Cairo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Eyeing Saudi + GCC growth: <\/strong><span style=\"background-color: transparent;\">\u201cLogic will prioritize expanding its Saudi Arabian footprint, capitalizing on the Kingdom\u2019s rapid digitalization, before scaling across the Gulf,\u201d the release read.<\/span><\/p>\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>#2- Canada-based healthcare tech outfit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.treatment.com\/\" style=\"\" rel=\"noopener\">Treatment.com AI<\/a><\/strong><strong> inked a binding letter of intent to <\/strong><strong>fully take over UAE-based online mental health platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aleahealth.co\/\" style=\"\" rel=\"noopener\">Alea Health<\/a><\/strong> through a cash-and-stock transaction, according to a <a target=\"_blank\" href=\"https:\/\/www.treatment.com\/treatment-com-ai-enters-into-a-binding-letter-of-intent-to-acquire-alea-health-holdings-limited-adding-an-ai-powered-voice-agent-and-mental-health-to-its-platform\/\" style=\"\" rel=\"noopener\">press release<\/a>. Treatment AI will pay USD 315k on three installments tied to the progress of the transaction, while issuing common shares valued at USD 100k, to the selling shareholders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> Treatment\u2019s acquisition of Alea Health marks its entry into the Middle East, and allows it to expand its mental health offerings and strengthen its expertise in AI-driven healthcare solutions, according to the statement. The company plans to integrate Alea\u2019s platform into its Global Library of Medicine (GLM) AI healthcare engine, the statement added.<\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lunate <\/strong><strong>launches <\/strong><strong>end-of-service investment fund:<\/strong> Abu Dhabi-based alternative asset manager <a target=\"_blank\" href=\"https:\/\/lunate.com\/\" style=\"\" rel=\"noopener\">Lunate<\/a> has launched the Ghaf Benefits scheme, which allows private sector employees to put their end-of-service gratuity into an investment fund to generate returns, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/317.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. ADQ has signed an MoU with Lunate to explore adopting the scheme, which aims to attract more international talent to the Emirates, the press release said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The program targets the country\u2019s 85% expatriate population<\/strong>, as current pension schemes only apply to Emirati citizens and GCC nationals, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/money\/2025\/02\/04\/uae-gratuity-retirement-fund-employers\/\" style=\"\" rel=\"noopener\">The National<\/a> quotes Lunate\u2019s managing partner Seif Fikry as saying. Lunate, along with <a target=\"_blank\" href=\"https:\/\/daman.ae\/\" style=\"\" rel=\"noopener\">Daman Investments<\/a>, received approval <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61665c13-0d19-48db-b5da-041ff992eb62\/abu-dhabi%25e2%2580%2599s-sovereign-wealth-fund-adq-listed-its-usd-2.5-bn-bonds-on-adx\" style=\"\" rel=\"noopener\">last year<\/a> to launch the fund, after the UAE cabinet approved its Alternative End-of-Service Benefits Scheme to offer UAE-based employees end-of-service benefits and savings plans.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The options: <\/strong>Employers will transfer the gratuity package to the scheme, after which the employee can choose from six investment funds in which to invest, available in either conventional and Sharia-complaint options with d<font face=\"Arial\">i<\/font>fferent risk-return preferences. The low-risk fund is capital protected, while the medium risk option is invested in global fixed income and the higher risk option targets global equities and fixed income, Enterprise has learned. Both parties can add voluntary contributions on top of fixed ones.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Mirak <\/strong><strong>and Astoria are betting big on mushrooms in Abu Dhabi: <\/strong>Agricultural firms <a target=\"_blank\" href=\"https:\/\/www.mirakgroup.ae\/\" style=\"\" rel=\"noopener\">Mirak<\/a><a target=\"_blank\" href=\"https:\/\/www.mirakgroup.ae\/\" style=\"\" rel=\"noopener\">Group<\/a> and <a target=\"_blank\" href=\"https:\/\/astoria.ae\/\" style=\"\" rel=\"noopener\">Astoria<\/a> will build an AED 180 mn mushroom production facility in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2025-02-03\/%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D9%85%D8%B5%D9%86%D8%B9-%D9%85%D8%B4%D8%AA%D8%B1%D9%83-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D9%81%D8%B7%D8%B1-%D9%81%D9%8A-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%A8%D9%80-180-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D8%B1%D9%87%D9%85\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. The project\u2019s first phase aims to produce 39k tons of organic fertilizer and 9.9k tons of mushrooms annually, according to Mirak CEO Nejdeh Ghadimi. In its second phase, compost production will nearly double to 74k tons, while mushroom output will increase by 50% to 14.9k tons per year. The facility is expected to be fully operational by November 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details:<\/strong> The project covers 128 hectares in Nahl, Al Ain, with 24 hectares designated for mushroom cultivation and the remainder for other high-value crops, Mirak Chairman Najieb Khoory said. The Abu Dhabi Agriculture and Food Safety Authority is providing the land, while the Abu Dhabi Investment Office is facilitating the project. The facility will integrate AI and automation to enhance productivity and quality, operating year-round to meet local demand and export to markets across the Middle East, North Africa, and West Asia.<\/p>\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>#2- <\/strong><strong>Sharjah <\/strong><strong>+ Ireland<\/strong><strong> to strengthen trade ties:<\/strong> The Sharjah Research, Technology, and Innovation Park (SRTIP) has signed an agreement with Enterprise Ireland, the Irish state\u2019s economic development agency, to collaborate on advanced manufacturing, sustainability, and emerging technologies, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/new-ireland-sharjah-agreement-unlocks-opportunities-for-innovation-and-growth-seuwglms\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership aims to enhance market access for businesses in both countries while accelerating research and development initiatives. As part of this collaboration, SRTIP has also expressed interest in working with Irish Manufacturing Research, Ireland\u2019s center for digitization and robotics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Enterprise Ireland and Dubai Chambers signed an MoU to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/79df8c03-3af5-41dc-a2b0-920c82a89af5\/new-bridge-to-link-dubai-harbor-with-sheikh-zayed-road-+-other-news-in-healthcare,-trade,-tech,-education,-defense,-and-investment\" style=\"\" rel=\"noopener\">boost Irish investments<\/a> in tech, manufacturing, ESG, and clean tech last year. <\/p>\n<p class=\"tag-border-left\">DISPUTE WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa Capital dodges AED 22 mn payout in exec lawsuit: <\/strong>The Dubai Labour Court of First Instance has ruled in favor of Shuaa Capital in a lawsuit filed by a former executive seeking AED 22 mn in severance pay, Shuaa said in a to the DFM <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/299.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The lawsuit was first disclosed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4dcb4802-4f4f-4e82-9614-b734fca3fe2c\/%253cmark%253eshuaa%253c%2Fmark%253e-capital-faces-with-aed-22-mn-lawsuit-from-former-executive\" style=\"\" rel=\"noopener\">last August<\/a> when Shuaa announced it would contest the claim, arguing it lacked merit. Shareholders later voted not to absolve the former executive of liability for FY 2023.<\/p>\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai to build Therme Dubai, the world\u2019s tallest wellbeing resort<\/strong>, with a AED 2 bn (USD 545 mn) investment, Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum <a target=\"_blank\" href=\"https:\/\/x.com\/HamdanMohammed\/status\/1886645259205030066\" style=\"\" rel=\"noopener\">said on X<\/a>. The resort is part of the emirate\u2019s Quality of Life Strategy 2033 and is set to open in Zabeel Park in 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details: <\/strong>The resort, developed in partnership with <a target=\"_blank\" href=\"https:\/\/www.thermegroup.com\/\" style=\"\" rel=\"noopener\">Therme Group<\/a> and designed by global architecture firm <a target=\"_blank\" href=\"https:\/\/dsrny.com\/\" style=\"\" rel=\"noopener\">Diller Scofidio + Renfro<\/a>, will feature the world\u2019s largest indoor botanical garden and aims to welcome 1.7 visitors annually, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/february\/04-02\/hamdan-bin-mohammed-approves-therme-dubai\" style=\"\" rel=\"noopener\">Dubai Media Office sta<\/a><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/february\/04-02\/hamdan-bin-mohammed-approves-therme-dubai\" style=\"\" rel=\"noopener\">tement<\/a>. <\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sweid<\/strong><strong> &amp; Sweid secures AED 460 mn loan for Sweid One office tower: <\/strong>Dubai-based developer <a target=\"_blank\" href=\"https:\/\/sweidandsweid.com\/\" style=\"\" rel=\"noopener\">Sweid &amp; Sweid<\/a> secured an AED 460 mn amortizing term loan facility from Arab Bank to finance Sweid One, its upcoming Grade-A office tower in Jumeirah Lakes Towers (JLT), according to a <a target=\"_blank\" href=\"https:\/\/sweidandsweid.com\/sweid-sweid-secures-aed-460-million-term-loan-from-arab-bank-for-sweid-one-development\/\" style=\"\" rel=\"noopener\">statement<\/a>. The 500k sqft commercial project, which the developer unveiled <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9344f7a2-51e3-452f-85f3-920f61768fa4\/dp-world-breaks-ground-on-logistics-park-in-egypt%25e2%2580%2599s-ain-sokhna-port-%2B-smes-are-going-greener\" style=\"\" rel=\"noopener\">in 2023<\/a> in partnership with <a target=\"_blank\" href=\"https:\/\/www.dmcc.ae\/\" style=\"\" rel=\"noopener\">Dubai Multi Commodities Center<\/a>, is set for completion in 2026. It will feature a 30k sqft fully-serviced business center, four levels of underground parking, and JLT\u2019s first-ever food hall.<\/p>\n<p class=\"tag-border-left\">SPACE<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s<\/strong> <strong>MBRSC + Thales Alenia Space to develop airlock module for NASA: <\/strong>The UAE\u2019s Mohammed bin Rashid Space Centre (<a target=\"_blank\" href=\"https:\/\/www.mbrsc.ae\/\" style=\"\" rel=\"noopener\">MBRSC<\/a>) partnered with Italian-French firm <a target=\"_blank\" href=\"https:\/\/www.thalesaleniaspace.com\/en?utm_campaign=Thales%20Alenia%20Space_Brand&amp;utm_source=Google&amp;utm_medium=cpc&amp;utm_cid=17852936059&amp;gad_source=1&amp;gclid=Cj0KCQiAkoe9BhDYARIsAH85cDPJBwaxm-EpO8Kuln0NNsc1irlFNpbGLl0MYMC1va9u2iQvoMkoCCAaAjA4EALw_wcB\" style=\"\" rel=\"noopener\">Thales Alenia Space<\/a> to develop an airlock module for NASA\u2019s Lunar Gateway station set to launch in 2030, Crown Prince Hamdan bin Mohammed Al Maktoum <a target=\"_blank\" href=\"https:\/\/x.com\/HamdanMohammed\" style=\"\" rel=\"noopener\">said on X<\/a>. The airlock will serve as the primary entry and exit point for astronauts and cargo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>In January 2024, MBRSC signed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a8077209-cd9e-4506-b1a7-11ebf3019572\/nasa,-uae-to-orbit-the-moon-+-dragon-oil-investing-more-in-turkmenistan.-plus:-news-from-ajman-bank,-ford-middle-east-and-db-schenker,-and-purehealth\" style=\"\" rel=\"noopener\">agreement with NASA<\/a> to support the Gateway project \u2014 the first space station to orbit the Moon. Under the partnership, MBRSC will provide the airlock module, engineering support, and an Emirati astronaut for a future Artemis lunar mission.<\/p>\n<p class=\"tag-border-left\">CRYPTO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1<\/strong><strong>-<\/strong> <strong>Energy<\/strong><strong> Ministry p<\/strong><strong>artners with crypto player for Web3 services:<\/strong> The Energy and Infrastructure Ministry partnered with cryptocurrency player <a target=\"_blank\" href=\"https:\/\/shibatoken.com\/\" style=\"\" rel=\"noopener\">Shiba Inu<\/a> to advance its digital transformation efforts, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi17e8e-moei-partners-with-shiba-inu-advance-digital\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The ministry will leverage Shiba Inu\u2019s Web3 technologies to improve green infrastructure, public service efficiency, and governance projects. This comes as part of its commitment to integrate blockchain technologies in energy and infrastructure, the ministry said in a <a target=\"_blank\" href=\"https:\/\/x.com\/MOEIUAE\/status\/1886788561023701156\" style=\"\" rel=\"noopener\">post on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shiba Inu is a cryptocurrency ecosystem<\/strong> whose offerings include its key Ethereum-based token (SHIB) and various operating systems.<\/p>\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>#2- Gewan<\/strong><strong> Holding<\/strong><strong> launches ZMG7: <\/strong>Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/gewan-holding.com\/\" style=\"\" rel=\"noopener\">Gewan Holding<\/a> has partnered with <a target=\"_blank\" href=\"https:\/\/zodiamarkets.com\/\" style=\"\" rel=\"noopener\">Zodia<\/a><a target=\"_blank\" href=\"https:\/\/zodiamarkets.com\/\" style=\"\" rel=\"noopener\">Markets<\/a> and Hong Kong\u2019s <a target=\"_blank\" href=\"https:\/\/www.metalpha.net\/\" style=\"\" rel=\"noopener\">Metalpha<\/a> to launch a digital assets joint venture called ZMG7, Zodia Markets said in a <a target=\"_blank\" href=\"https:\/\/zodiamarkets.com\/insights\/press-release\/zmg7-llc-pioneering-the-uaes-digital-asset-transformation-through-global-collaboration\/\" style=\"\" rel=\"noopener\">press release<\/a>. The joint venture aims to combine Gewan Holding\u2019s investment expertise, Zodia Markets\u2019 digital asset brokerage, and Metalpha\u2019s specialization in crypto derivatives and wealth management to offer financial solutions and institutional-grade infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The joint venture comes after Zodia Markets secured permission from the Financial Services Regulatory Authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/447b8c92-1fab-4c16-8895-55b351825379\/adfw-sees-more-digital-asset-players-expand-into-adgm\" style=\"\" rel=\"noopener\">last December<\/a> to operate as a virtual asset brokerage in ADGM.  <\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amis <\/strong><strong>Development has launched a new AED 130 mn residential project, Woodland<\/strong> <strong>Terraces<\/strong>, in Meydan, Dubai, according to a <a target=\"_blank\" href=\"https:\/\/amisdevelopment.com\/amis-development-unveils-aed-130-million-woodland-terraces-in-meydan-dubai\/\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e&amp; Carrier &amp; Wholesale expands into new markets with digital focus: <\/strong>The international wholesale arm of e&amp;, Carrier &amp; Wholesale Services (C&amp;WS), is expanding into a number of \u201chigh-growth\u201d regions with a focus on digital infrastructure and AI solutions, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/e-and-carrier-and-wholesale-strengthens-global-connectivity-with-strategic-market-expansion-dv9305du\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The company is establishing hubs in Miami and Johannesburg and reinforcing its presence in London and Singapore. The expansion supports international partners and is set to market opportunities in the Americas and Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER:<\/strong> C&amp;WS expanded its UAE data centers and established a fifth Tier III SmartHub in Abu Dhabi to support digital adoption and provide low-latency, high-speed internet <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/79120814-b4a4-4d24-ae42-4a65b2d12ef1\/mubadala-invests-in-indian-healthcare-network-%2B-globalpharma-to-manufacture-saudi-meds-in-the-uae\" style=\"\" rel=\"noopener\">last year<\/a>.<\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ain Mills to set up grain plant at Khalifa Port: <\/strong>Al Ain Mills inked a 50-year lease agreement with flour producer <a target=\"_blank\" href=\"https:\/\/alainmills.com\/\" style=\"\" rel=\"noopener\">Al Ain Mills<\/a> to establish a grain storage and processing facility at Khalifa Port\u2019s South Quay, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/02\/04\/ad-ports-group-signs-50-year-land-lease-agreement-with-al-ain-mills-llc\" style=\"\" rel=\"noopener\">press release<\/a>. The 500k sqm facility \u2014 with a capacity of 300k metric tons \u2014 is slated to launch operations 2.5 years after the firm breaks ground on the project. No investment ticket or timeline have been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meet the millers:<\/strong> Al Ain Mills is a member of <a target=\"_blank\" href=\"https:\/\/www.alhazaagroup.com\/\" style=\"\" rel=\"noopener\">Al Hazaa Investment Group<\/a>, and its Fujairah branch is slated to receive and send grain via Etihad Rail, according to its <a target=\"_blank\" href=\"https:\/\/www.alhazaagroup.com\/company\/al-ain-flour-mill-fujairah-branch\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><i>** This section was amended to clarify that ADQ signed an MoU with Lunate only to explore adopting the Ghaf Benefits end-of-service scheme.<\/i><\/p>\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\/uae\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lunate\/\">Lunate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space\/\">space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/web3\/\">Web3<\/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=\"100396\" class=\"issue-section markets\">\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=\"100396\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/uncertainty-of-trump-presidency-pushes-us-fed-to-rule-out-pre-emptive-rate-actions\/\">\r\n                            Uncertainty of Trump presidency pushes US Fed to rule out pre-emptive rate actions                        <\/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\/uae\/2025\/02\/05\/uncertainty-of-trump-presidency-pushes-us-fed-to-rule-out-pre-emptive-rate-actions\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/376.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100397\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/uncertainty-of-trump-presidency-pushes-us-fed-to-rule-out-pre-emptive-rate-actions\/376-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/376.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"376.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/376.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/376.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100396\" class=\"content-area-description single-story post-100396 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-donald-trump tag-enterpriseam-uae tag-federal-reserve tag-financial-markets tag-interest-rates tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.cf5a26f0-e31c-493a-a0f4-a5de5162bb37.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>To cut, or not to cut is becoming an increasingly difficult question to answer in Trump\u2019s <\/strong><strong>America. <\/strong>Although Trump has only been in the Oval Office for a meager 16 days, his plethora of executive orders, pledges of incoming tariffs, and threats to close economic allies have disrupted the forecasts of economists and policymakers alike. The US Federal Reserve is no different, with San Francisco Fed Head Mary Daly telling the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/04\/business\/mary-daly-federal-reserve-trump.html\" style=\"\" rel=\"noopener\">New York Times<\/a> that any pre-emptive interest rate moves are off the table until the \u201cscope, magnitude and timing\u201d of the new presidency\u2019s actions and their effect on the economy are clearer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The Fed is focused on seeing the wood from the trees<\/strong><span style=\"background-color: transparent;\">, trying to gauge the combined effect of the new administration\u2019s policies, instead of reacting to each and every move \u2014 or a late-night tweet \u2014 from the presidency. \u201cIf a policy change is going to spur growth, which ultimately pushes down inflation, at the same time that there\u2019s something that picks it up a little bit, then you don\u2019t know what the net effect is going to be until you have more details about the policy,\u201d she explained.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe easiest way for a policy mistake is to speculate<\/strong>,\u201d she told the American paper of record. The paper only had to look back as far as the last couple of days to justify the Fed\u2019s new approach, with a tariff showdown with Canada and Mexico, along with a looming tariff war with China, and even the EU presenting an impossible-to-predict few months ahead for the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For now, the Fed is sticking to its outlook from December<\/strong>, which projected interest rate cuts of half a percentage point in 2025, bringing the target range to 3.75-4%. But Daly emphasized that this could change, depending on how the US economy evolves. \u201cI think we have to have a very open mind about whether fewer or more will be needed,\u201d she said, indicating how inflation and policy shifts could complicate the central bank\u2019s plans and projections.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Fed has a different approach to Trump this time round<\/strong>, after being quick off the block to preemptively lower rates in three consecutive meetings in 2019 during Trump\u2019s first foray into trade wars. However, the US is in a different place right now, with inflation above the Fed\u2019s 2% target, making businesses and consumers more sensitive to price pressures.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning<\/strong>, the Hang Seng is in the red, down 1.6%, and so is the Shanghai, down 0.6%, while the Kospi is up 1.0% and the Nikkei is relatively unchanged. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,585<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,219<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,369<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,434<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +3.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">29,668<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,038<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,571<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,265<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 76.09<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.22<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,874<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 96,280<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-5.4% (YTD: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.7% yesterday<\/strong> on turnover of AED 650.6 mn. The index is up 1.2% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Talabat Holding (+3.5%), Salik (+3.5%) and Dubai Taxi (+2.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National International Holding Company (-10.0%), Emirates Islamic Bank (-5.4%) and Orascom Construction (-4.2%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index closed up 0.1% on turnover of AED 1.1 bn. Meanwhile Nasdaq Dubai closed up 0.4%.<\/p>\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\/uae\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/federal-reserve\/\">Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/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=\"100398\" 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=\"100398\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/05\/uae-president-and-saudi-crown-prince-talk-bilateral-relations\/\">\r\n                            UAE President and Saudi Crown Prince talk bilateral relations                        <\/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\/uae\/2025\/02\/05\/uae-president-and-saudi-crown-prince-talk-bilateral-relations\/\" 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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The two stressed improving strategic cooperation between their nations, focusing on shared economic development goals. They discussed recent regional and international developments, particularly in the Middle East, and agreed to maintain close coordination on mutual interests.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">ALSO- <\/strong><strong style=\"background-color: transparent;\">Iranian<\/strong><strong style=\"background-color: transparent;\">-Emirati naval forces meet: <\/strong><span style=\"background-color: transparent;\">Iran\u2019s Islamic Revolutionary Guard Corps (IRGC) dispatched four navy vessels to meet with UAE naval forces earlier this week for the first time since the countries resumed diplomatic relations, <\/span><a target=\"_blank\" href=\"https:\/\/www.iranintl.com\/en\/202502038400\" rel=\"noopener\">Iran International<\/a><span style=\"background-color: transparent;\"> reports. Iran\u2019s naval chief said that ensuring security in the Arabian Gulf without foreign interference is a priority. President Sheikh Mohamed bin Zayed Al Nayhan met with Iran\u2019s Vice President Shina Ansari <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ee983d73-93fa-4963-b53c-4d30fabbaab8\/uae,-iran-discuss-bilateral-cooperation\" rel=\"noopener\">last month<\/a><span style=\"background-color: transparent;\">  to discuss strengthening bilateral ties.<\/span><\/p>\n<p class=\"tag-border-left\"> OTHER DIPLO NEWS- <\/p>\n<ul>\n<li><strong>UAE<\/strong><strong> Investment Minister Mohamed Hassan Alsuwaidi met with Azerbaijan\u2019s <\/strong><strong>Economy Minister Mikayil Jabbarov<\/strong> to discuss trade, investments, energy, agriculture, finance, and ADQ and Azerbaijan Investment Holding\u2019s <a target=\"_blank\" href=\"https:\/\/www.adq.ae\/newsroom\/adq-and-azerbaijan-investment-holding-form-joint-investment-platform\/\" style=\"\" rel=\"noopener\">Joint Investment Fund<\/a>. (<a target=\"_blank\" href=\"https:\/\/x.com\/MikayilJabbarov\/status\/1886308770449432649\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>UAE, Germany discuss financial ties: <\/strong>Dubai Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum met with Germany\u2019s Federal Minister of Finance J\u00f6rg Kukies to discuss strengthening financial and business cooperation in trade, investment, renewable energy, technology, and education. (<a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/february\/03-02\/maktoum-meeting-with-germany-minister-of-finance\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>UAE Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan met with <\/strong><strong>Argentina's Foreign Affairs, International Trade and Worship Minister Gerardo Werthein<\/strong>. The ministers discussed bilateral relations and opportunities for cooperation in economic, trade, and investment sectors. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi17ee5-uae-president-receives-message-from-president\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\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\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-azerbaijan-relations\/\">UAE-Azerbaijan relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-iran-relations\/\">UAE-Iran relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-ksa-ties\/\">UAE-KSA Ties<\/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=\"100400\" 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\/uae\/2025\/02\/05\/100400-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100400\" class=\"content-area-description single-story post-100400 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;\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-6 February (Saturday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifashionweek.org\/\" style=\"\">Dubai Fashion Week<\/a><\/span><span style=\"font-weight:400;\">, Dubai Design District. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-8 February (Saturday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mubadalaabudhabiopen.com\/\" style=\"\">The Mubadala Abu Dhabi Open<\/a><\/span><span style=\"font-weight:400;\">, Zayed Sports City's International Tennis Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-6 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.medlabme.com\/en\/home.html\" style=\"\">Medlab Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 February (Tuesday-Thursday): AEEDC Dubai 2025, Dubai World Trade Center, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 February (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aieverythingglobal.com\/home\" style=\"\">AI Everything Global<\/a><\/span><span style=\"font-weight:400;\">, The ST. Regis Saadiyat Island Resort, Abu Dhabi & Dubai Exhibition Center.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/microsoft-ai-tour-2025\/\" style=\"\">Microsoft AI Tour 2025<\/a><\/span><span style=\"font-weight:400;\">, Atlantis, the Palm, Dubai. <\/span><\/p>\n<p style=\"padding-top:12pt;margin:0;padding-left:0;padding-bottom:12pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><span>6-8 February (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/swaacelso2025.com\/\" style=\"\">SWAAC ELSO Annual Conference 2025<\/a><\/span><span style=\"font-weight:400;\">, Conrad Hotel Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7 February-29 April (Friday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.abudhabifestival.ae\/programme-tickets\" style=\"\">The Abu Dhabi Festival<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-20 February (Saturday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bhs9wet-gov-games-rebranded-dubai-games\" style=\"\">Dubai Games 2025<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 February (Monday-Tuesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mromiddleeast.aviationweek.com\/en\/home.html\" style=\"\">MRO Middle East and Aircraft Interiors Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/middleeast.breakbulk.com\/home\" style=\"\">BreakBulk Middle East<\/a><\/span><span style=\"font-weight:400;\">, the Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/japan-kyoto-trade-exhibition-2025\/\" style=\"\">Japan Kyoto Trade Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Dubai Word Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubai.worldofcoffee.org\/newfront\" style=\"\">World Of Coffee Dubai 2025<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">        <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14 February (Friday): The deadline for the consultation period for the Securities and Commodities Authority's draft regulation on security tokens and commodity tokens.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14-16 February (Friday-Sunday): The UAE Muay Thai Championship, Space 42 Arena, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 February-1 March (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaidutyfreetennischampionships.com\/\" style=\"\">Dubai Dutyfree Tennis Championships<\/a><\/span><span style=\"font-weight:400;\">, Dubai Dutyfree Tennis Stadium in Al Garhoud.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 February (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.idc-uae.com\/\" style=\"\">The International Defence Conference<\/a><\/span><span style=\"font-weight:400;\">,The Emirates Palace, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-21 February (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.idexuae.ae\/\" style=\"\">International Defence Exhibition (IDEX)<\/a><\/span><span style=\"font-weight:400;\"> in Abu Dhabi National Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-21 February (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.navdex.ae\/\" style=\"\">Naval Defence Exhibition (NAVDEX)<\/a><\/span><span style=\"font-weight:400;\"> in Abu Dhabi National Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-22 February (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gulfood.com\/\" style=\"\">Gulfood<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Wednesday-Thuraday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sharjah24.ae\/en\/Articles\/2025\/01\/30\/kmr11\" style=\"\">The International Conference on Reprographic Rights<\/a><\/span><span style=\"font-weight:400;\">, Sharjah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Wednesday-Thuraday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/maltcongress.com\/\" style=\"\">Meetings Arabia & Luxury Travel (MALT) Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Convention & Exhibition Bureau. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Wednesday-Thuraday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.idc.com\/mea\/events\/71538-idc-middle-east-cio-summit-2025\" style=\"\">18th annual IDC Middle East CIO Summit<\/a><\/span><span style=\"font-weight:400;\">, the Grand Hyatt Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 February (Wednesday-Friday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/idctconference.org\/\" style=\"\">International Dialogue of Civilizations & Tolerance Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Energy Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-23 February (Wednesday- Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.boatshowdubai.com\/\" style=\"\">Dubai International Boat Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai Harbour. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gmevents.ae\/event\/3rd-world-passenger-experience-forum\/\" style=\"\">World Passenger Experience Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting Hydrogen MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-27 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/affiliateworldconferences.com\/dubai?utm_source=google&utm_medium=brand&utm_term=affiliate%20world%20dubai%202025&gad_source=1&gclid=CjwKCAiAzPy8BhBoEiwAbnM9O8mNfGFbW2V_EfDxeyByEd9ifmlmNus2frxAH3R1Udm8amMpXwqWyhoCC50QAvD_BwE\" style=\"\">Affiliate World Dubai 2025<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 February (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-2024\/\" style=\"\">Investopia 2024<\/a><\/span><span style=\"font-weight:400;\">, the St. Regis, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 February-29 March (Friday-Saturday): Ramadan. <\/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;\">Signposted to happen sometime in 1Q 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The first eight fronds of the Palm Jebel Ali will be site-ready, allowing for the commencement of villa infrastructure and civil works. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18-19 March (Tuesday-Wednesday): US Federal Reserve\u2019s Federal 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:400;\">31 March-2 April (Monday-Wednesday): Eid Al Fitr, national holiday.<\/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;\">APRIL <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 April (Tuesday): New ADGM employment regulations come into effect.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 April (Tuesday): New personal status law comes into effect.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-11 April (Sunday-Friday): Geo-Spatial Week, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-10 April (Monday-Thursday) : <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.efghldg.com\/en\/conferences\" style=\"\">EFG Hermes One on One<\/a><\/span><span style=\"font-weight:400;\"> conference, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aimcongress.com\/\" style=\"\">AIM Investment Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.who.int\/initiatives\/world-local-production-forum\" style=\"\">World Local Production Forum's 3rd edition<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>(xxAD) 12-13 April (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/justice-love-peace.com\/\" style=\"\">Global Justice, Love & Peace Summit<\/a><\/span><span>, Dubai Exhibition Centre, Expo City Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.woodshowglobal.com\/dubai\" style=\"\">Dubai Woodshow\u2019s 21st Edition<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ipscongress.com\/\" style=\"\">IPS congress<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-26 April (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sezdubai.com\/?trk=public_post_comment-text#why-should-i-attend\" style=\"\">Solana Economic Zone<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adghw.com\/\" style=\"\">The Abu Dhabi Global Health Week<\/a><\/span><span style=\"font-weight:400;\">, Adnec center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Future Energy Summit,<\/a><\/span><span style=\"font-weight:400;\">Abu Dhabi National Exhibition, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-25 April (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/december\/19-12\/dubai-ai-week\" style=\"\">The Dubai AI Week<\/a><\/span><span style=\"font-weight:400;\">, Museum of the Future and Area 2071, Emirates Towers, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-24 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.domotex.de\/en\/about-us\/domotex-worldwide\/domotex-middle-east\/\" style=\"\">DOMOTEX Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 April-11 May (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiesportsfestival.com\/en\/home\" style=\"\">Dubai Esports and Games Festival<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 April-1 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\" style=\"\">The Arabian Travel Market<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 April-2 May (Monday-Friday): The 64th Annual Conference of the International Federation of Ait Traffic Controllers\u2019 Associations (IFATCA)<\/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;\">Signposted to happen sometime in April:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/a2rl.io\/autonomous-drone-race\" style=\"\">Abu Dhabi Autonomous Racing League<\/a><\/span><span style=\"font-weight:400;\">, Yas Marina Circuit in Abu Dhabi<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/dubai-to-host-gpf\/\" style=\"\">Global Ports Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-7 May (Tuesday-Wednesday): US Federal Reserve\u2019s Federal 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>13-16 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iuhpe2025-abudhabi.com\/#:~:text=This%20landmark%20event%20will%20take,advancing%20global%20health%20and%20wellbeing.\" style=\"\">International Union for Health Promotion and Education Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-15 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cabsat.com\/\" style=\"\">Cabsat Middle East and Satellite Middle East,<\/a><\/span><span style=\"font-weight:400;\"> Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 May (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2024\/12\/2146.pdf\" style=\"\">The Economy Middle East Summit<\/a><\/span><span style=\"font-weight:400;\">, ADGM, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-18 May (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conference.glafamily.com\/\" style=\"\">The GLA Global Logistics Conference<\/a><\/span><span style=\"font-weight:400;\">, Grand Hyatt Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gisec.ae\/\" style=\"\">GISEC<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-22 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/article\/b5xzjfz-fourth-edition-make-the-emirates-forum-2025-take\" style=\"\">Make it in the Emirates<\/a><\/span><span style=\"font-weight:400;\">, Adnec, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east-fintech\/index.stm\" style=\"\">Seamless Middle East 2025<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 May (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bhx1d02-abu-dhabi-host-euroleague-final-four-for-first\" style=\"\">EuroLeague Final Four<\/a><\/span><span style=\"font-weight:400;\">, Etihad Arena, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-28 May (Monday-Wednesday): Arab Media Summit, World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30 May (Friday): Arafat Day. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 May-2 June (Saturday-Monday): Eid Al Adha. <\/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;\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Asean and summit, Malaysia.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17-18 June (Tuesday-Wednesday): US Federal Reserve\u2019s Federal 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>24-25 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/middle-east-rail\/index.stm\" style=\"\">Middle East Rail<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27 June (Friday): Islamic New Year.<\/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;\">Signposted to happen sometime in 2H 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Closing of XRG's acquisition of Covestro<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29-30 July (Tuesday-Wednesday): US Federal Reserve\u2019s Federal 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;\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-10 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digihealth.ai\/\" style=\"\">DigiHealth exhibition<\/a><\/span><span style=\"font-weight:400;\">, World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-17 September (Tuesday-Wednesday): US Federal Reserve\u2019s Federal 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:400;\">24-25 September (Wednesday-Thursday): Mohammed Bin Rashid Leadership Forum, Mohammed Bin Rashid Center for Leadership Development, Dubai.<\/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 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-16 October (Friday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.visitdubai.com\/en\/whats-on\/dhf\" style=\"\">Dubai Home Festival<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-15 October (Thursday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/iucncongress2025.org\/\" style=\"\">IUCN World Conservation Congres<\/a><\/span><span style=\"font-weight:400;\">s, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-19 October (Friday-Sunday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.realestateshow.ae\/\" style=\"\">International Real Estate and Investment Show<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27-29 October (Monday-Wednesday): Asia Pacific Cities Summit, Dubai Exhibition Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-29 October (Tuesday-Wednesday): US Federal Reserve\u2019s Federal 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;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18-19 November (Tuesday-Wednesday): Dubai Future Forum, Museum of the Future, Dubai.<\/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 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1-3 December (Monday-Wednesday): Eid Al Etihad (UAE National Day).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-5 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wfns2025.org\/\" style=\"\">The World Congress of Neurosurgery<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-10 December (Tuesday-Wednesday): US Federal Reserve\u2019s Federal 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;\">Signposted to happen sometime in 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The Middle East Electric Vehicle Show, Expo Center Sharjah. <\/span><\/li>\n<li><span style=\"font-weight:400;\">e& will complete Adnoc\u2019s private 5G network. <\/span><\/li>\n<li><span style=\"font-weight:400;\">Executive Committee Meeting (EXCOM 2025) conference of the World Smart Sustainable Cities Organisation (WeGO)<\/span><\/li>\n<li><span style=\"font-weight:400;\">The International Civil Aviation Organization\u2019s Global Implementation Support Symposium, Abu Dhabi. <\/span><\/li>\n<li><span style=\"font-weight:400;\">Universal Postal Congress 2025, Dubai.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in the fall of 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">2025 Games of the Future, Dubai.<\/span><\/li>\n<li><span style=\"font-weight:400;\">ICOM General Conference 2025, Dubai<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The UAE to host the Arab Competition Forum<\/span><\/li>\n<li><span style=\"font-weight:400;\">Dubai to host the Arab Actuarial Conference<\/span><\/li>\n<li><span>United Nations Water Conference 2026, UAE<\/span> <\/li>\n<li><span>9-11 January (Friday-Sunday): 1 Bn Followers Summit\u2019s fourth edition, UAE<\/span><\/li>\n<\/ul>\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>Abu Dhabi residential sales rise, while off-plan sales fall -ValuStrat | Multiply Group and Borogue report 2024 earnings<\/p>\n","protected":false},"featured_media":100379,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-100378","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"224477a5-9724-4e91-acf3-126d7d262ff2","teaser":"Abu Dhabi residential sales rise, while off-plan sales fall -ValuStrat | Multiply Group and Borogue report 2024 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