{"id":100893,"date":"2025-02-20T00:00:00","date_gmt":"2025-02-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=100893"},"modified":"2025-12-15T02:56:09","modified_gmt":"2025-12-15T02:56:09","slug":"more-debt-issuances-from-emirates-nbd-sib-new-details-on-the-seventh-phase-of-mohammed-bin-rashid-solar-park","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/more-debt-issuances-from-emirates-nbd-sib-new-details-on-the-seventh-phase-of-mohammed-bin-rashid-solar-park\/","title":{"rendered":"More debt issuances from Emirates NBD, SIB + New details on the seventh phase of Mohammed bin Rashid Solar Park"},"content":{"rendered":"<section id=\"100895\" 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=\"100895\">\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\/20\/this-morning-tabreed-eyes-usd-2-bn-ncd-issuance-as-it-looks-to-refinance-debt-arab-states-push-alternative-gaza-plan-with-potential-usd-20-bn-in-funding\/\">\r\n                            THIS MORNING: Tabreed eyes USD 2 bn NCD issuance as it looks to refinance debt + Arab states push alternative Gaza plan with potential USD 20 bn in funding                        <\/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\" 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/this-morning-tabreed-eyes-usd-2-bn-ncd-issuance-as-it-looks-to-refinance-debt-arab-states-push-alternative-gaza-plan-with-potential-usd-20-bn-in-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/900.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100896\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/this-morning-tabreed-eyes-usd-2-bn-ncd-issuance-as-it-looks-to-refinance-debt-arab-states-push-alternative-gaza-plan-with-potential-usd-20-bn-in-funding\/900-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/900.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"900.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/900.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/900.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100895\" class=\"content-area-description single-story post-100895 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adnoc-drilling tag-debt tag-enersol tag-enterpriseam-uae tag-gaza tag-oil-and-gas tag-ras-al-khaimah tag-real-estate tag-tabreed 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\/.bff1d78a-69bb-4858-a437-489eaea25c57.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. <\/strong>It\u2019s nearly the end of the week, but a news slowdown is nowhere in sight. The big stories today include: more <strong>debt issuances<\/strong> from Emirates NBD and Sharjah Islamic Bank; <strong>US chipmaking giant<\/strong> <strong>Qualcomm <\/strong>establishing presence in Abu Dhabi; and Dubai tapping a Deloitte-led consortium for the seventh phase of Mohammed bin Rashid Solar Park. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: <\/strong>We have news of a recent <strong>divestment<\/strong> of an asset in Shanghai from the <strong>Abu Dhabi Investment Authority<\/strong>, an <strong>upsized loan<\/strong> for <strong>BGN<\/strong> from local lenders, and <strong>bns of AED<\/strong> worth of new contracts inked at <strong>Idex<\/strong> and <strong>Navdex<\/strong>. Let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5WEATHER- <\/strong><strong>Expect <\/strong><strong>a partly cloudy day today along with possibility of light rainfall in <\/strong><strong>some areas<\/strong>, the National Center of Meteorology <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1957.pdf\" style=\"\" rel=\"noopener\">forecasts (pdf)<\/a>. Temperatures today will hit 28\u00b0C in <strong>Dubai<\/strong> with an overnight low of 20\u00b0C, and 23\u00b0C in <strong>Abu Dhabi<\/strong> before cooling to an overnight low of 20\u00b0C.<\/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>CORRECTION- <\/strong>We incorrectly reported yesterday that Mubadala\u2019s aerospace maintenance arm Sanad Group and Pratt and Whitney are working on an aircraft engine maintenance, repair, and overhaul (MRO) services facility to provide MRO services for Sanad. The facility will in fact service engines for the Airbus A320neo and A220 aircraft, as well as for the Embraer E-Jet E2 aircraft family upon completion in 2028, according to a <a target=\"_blank\" href=\"https:\/\/www.rtx.com\/news\/news-center\/2025\/02\/18\/rtxs-pratt-whitney-adds-sanad-group-to-the-gtf-mro-network\" style=\"\" rel=\"noopener\">press release<\/a>. Tawazun Council will also invest in the project. <\/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- <\/strong><strong>Tabreed<\/strong> <strong>eyes USD 2 bn NCD issuance:<\/strong> District cooling firm Tabreed\u2019s board will seek shareholder approval on 25 March to issue up to USD 2 bn in additional non-convertible debt instruments, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1939.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1939.pdf\" style=\"\" rel=\"noopener\">)<\/a>. The issuance may take place in one or more tranches, either directly or through a special purpose vehicle. The firm had earlier confirmed that news of its plans to refinance debt are \u201caccurate\u201d and that it is \u201cevaluating various refinancing options,\u201d according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1940.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> submitted to the DFM on Tuesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Tabreed CFO Adel Salem Al Wahedi had said the company plans to issue <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/24ad7d9e-ca9f-4984-b56d-5cd13007c8c5\/tabreed-is-set-to-issue-usd-1.2-bn-green-bonds-next-year\" style=\"\" rel=\"noopener\">USD 1.2 bn in green bonds or sukuk<\/a> to refinance debt this year, including USD 500 mn bonds maturing in October 2025 and a USD 700 mn loan due in March 2025. It also completed a tender offer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/673d3033-803e-47ed-9e1d-dab515c8dc0f\/%253cmark%253etabreed%253c%2Fmark%253e-buys-back-outstanding-usd-500-mn-trust-certificates\" style=\"\" rel=\"noopener\">last April<\/a> to repurchase USD 500 mn outstanding trust certificates due this year. The company has repurchased USD 240 mn in outstanding sukuk so far and currently has a BBB credit rating with a stable outlook from Fitch, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/equities\/dubai-listed-tabreed-confirms-debt-refinancing-plans-cf362yea\" style=\"\" rel=\"noopener\">Zawya<\/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\"> <a id=\"wwtt2\"><\/a><strong> #2- <\/strong><strong>Arab <\/strong><strong>states push alternative Gaza plan with potential USD 20 bn in funding<\/strong><strong>: <\/strong>Arab leaders are meeting in Riyadh today to finalize a regional post-war plan for Gaza, which could include up to USD 20 bn in reconstruction funding, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypts-sisi-travel-riyadh-gaza-arab-plan-discussion-sources-say-2025-02-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing two Egyptian security sources. Egyptian President Abdel Fattah El Sisi is set to discuss the proposal, which aims to counter US President Donald Trump\u2019s plan to place Gaza under US control and relocate Palestinians to Jordan and Egypt \u2014 a move widely rejected by regional leaders \u2014 with officials from Saudi Arabia, Jordan, the UAE, and Qatar, according to sources in the know.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both Gulf and Arab countries would contribute to the fund<\/strong>, which some Arab officials believe could appeal to Trump, given that it could benefit US and Israeli companies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yesterday, UAE President Mohamed bin Zayed Al Nahyan reaffirmed the UAE\u2019s rejectio<\/strong><strong>n of any forced displacement of Palestinians<\/strong> and stressed the need for a Gaza reconstruction-linked path to a two-state solution during a meeting with US Secretary of State Marco Rubio in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4w5j-during-meeting-with-secretary-state-uae-president\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Rubio was on a wider Middle East tour that saw him land in Saudi Arabia and Israel earlier. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan will be reviewed ahead of the Arab Summit in Cairo on 4 March. <\/strong>It reportedly calls for the establishment of a Palestinian governing body for Gaza \u2014 excluding Hamas \u2014 and international oversight of reconstruction efforts.<\/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>#3- <\/strong><strong>The<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.difc.ae\/\" style=\"\" rel=\"noopener\">Dubai International<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.difc.ae\/\" style=\"\" rel=\"noopener\">Financial Center<\/a><\/strong> <strong> (DIFC) is preparing to grant licenses to 40 <\/strong><strong>global hedge funds<\/strong>, its Chairman Eisa Kazim told <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2025-02-19\/%D8%B9%D9%8A%D8%B3%D9%89-%D9%83%D8%A7%D8%B8%D9%85-%D9%84%D9%80%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC-40-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%AA%D8%AD%D9%88%D8%B7-%D8%A8%D8%A7%D9%86%D8%AA%D8%B8%D8%A7%D8%B1-%D8%AA%D8%B1%D8%AE%D9%8A%D8%B5-%D9%85%D8%B1%D9%83%D8%B2-%D8%AF%D8%A8%D9%8A-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A-5789176\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82\" style=\"\" rel=\"noopener\">Al Khaleej<\/a>. The 75 funds operating in the DIFC at the end of last year reflected global interest in the center, Kazim said. The center recorded a 37% jump in revenues y-o-y to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d3cdb123-1bdb-4bce-ad84-fc473010932b\/difc-revenue-surges-37%2525-in-2024-as-tech-firms,-hedge-funds-fuel-record-growth\" style=\"\" rel=\"noopener\">AED 1.8 bn<\/a> in 2024, driven by private wealth and hedge funds.<\/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=\"wwtt4\"><\/a> <strong>#4- <\/strong><strong>Adnoc to invest u<\/strong><strong>p to USD 550 mn into its Emirati rigs:<\/strong> <a target=\"_blank\" href=\"https:\/\/adnocdrilling.ae\/\" style=\"\" rel=\"noopener\">Adnoc Drilling<\/a> will allocate between USD 350 mn and USD 550 mn, of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2ad5333e-69d8-48cf-b2df-ebb601fe6e3b\/adnoc-drilling-looks-to-raise-usd-1-bn-to-refinance-debt,-drive-expansion\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> it earmarked for investments this year, to add rigs and oil field service equipment in the UAE as it works towards its goal of reaching 151 rigs by 2028, the company\u2019s chief financial officer Youssef Salem told Arab News (<a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2590721\/business-economy\" style=\"\" rel=\"noopener\">watch, runtime: 1:56<\/a>) on the sidelines of the Capital Markets Forum in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Adnoc is aiming to raise <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2ad5333e-69d8-48cf-b2df-ebb601fe6e3b\/adnoc-drilling-looks-to-raise-usd-1-bn-to-refinance-debt,-drive-expansion\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> as it looks to refinance debt and fund expansion, with USD 750 mn of this going towards acquisitions through its JV Enersol. Salem added that 2024 saw it bring in USD 4 bn in revenues, and expected the onshore segment to reach USD 2 bn in revenues next year, with offshore expected to bring in USD 1.4 bn and oil field services accounting for USD 1.2 bn in 2025.<\/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>#5- EWEC opens 1Q 2025 CECs auction:<\/strong> Emirates Water and Electricity Company (EWEC) has opened registrations for its 1Q 2025 Clean Energy Certificates (CECs) auction, according to a <a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/en\/media\/press-release\/myah-wkhrba-alamarat-tuzz-mstqbl-altaqt-alnzyft-fy-abwzby-mn-khlal-mzad-alrb\" style=\"\" rel=\"noopener\">press release<\/a> issued on Wednesday. CECs enable companies to reduce Scope 2 emissions. The auction is scheduled to close on 14 March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The CECs include <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bd96517b-5796-4715-b2bf-92fc0f63159d\/\" style=\"\" rel=\"noopener\">wind energy CECs<\/a> after Ewec <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b9587d71-9793-4e92-a4fb-afc72f6561ba\/\" style=\"\" rel=\"noopener\">debuted<\/a> the certificates in 3Q 2024. They were also included in the company\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f6a84edf-e0b2-474b-87a4-00d5b4bebe17\/\" style=\"\" rel=\"noopener\">4Q 2024<\/a> registration.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong> Real estate transactions in Ras Al Khaimah increased 118% year-on-year to exceed <\/strong><strong>AED 15 bn in 2024<\/strong>, driven by strong sales, mortgage activity, and growing investor interest, <a target=\"_blank\" href=\"https:\/\/economymiddleeast.com\/news\/ras-al-khaimah-real-estate-transactions-grow-118-percent-to-over-4-billion-in-2024\/\" style=\"\" rel=\"noopener\">Economy<\/a> Middle East reports, citing a recent data from Ras Al Khaimah\u2019s Municipality. The emirate recorded nearly 3k sales transactions worth over AED 6 bn, 1.2k mortgage transactions exceeding AED 4 bn, and 845 assignment transactions surpassing AED 3 bn, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4w2n-ras-khaimah-real-estate-transactions-exceed-aed15\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The boom is fueled by prime waterfront developments, expanding infrastructure, and high-end projects like Wynn Al Marjan Island.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai\u2019s Jebel Ali Port handled a record 15.5 mn TEUs in 2024, mar<\/strong><strong>king a 7.4% y-o-y increase<\/strong> and accounting for nearly 18% of DP World\u2019s total global container throughput of 88.3 mn TEUs during the same period, according to a statements <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/february\/19-01\/dp-world-records-highest-cargo-volumes-at-jebel-ali-port\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1922.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a>.The port saw breakbulk cargo handled rise up 23% y-o-y to 5.4 mn metric tonnes, reaching its second-highest level of performance in almost a decade. Imports accounted for 80% of total shipments handled at Jebel Ali port, driven by the region's expanding investments in infrastructure and renewable energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers:<\/strong> The firm attributes steady local and regional demand \u2013 particularly from Asia and the Indian Subcontinent \u2013 for driving up container throughput last year, regardless of geopolitical challenges, including disruptions to shipping in the Red Sea.<\/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>It could now cost you up to AED 4k to litter in Abu Dhabi:<\/strong> Abu Dhabi\u2019s Department of Municipalities and Transport has revised the emirate\u2019s littering penalties based on the type of violation and its frequency, according to a <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/abudhabidmt\/p\/DGNDidiPlDI\/?hl=en&amp;img_index=1\" style=\"\" rel=\"noopener\">statement<\/a>. Here\u2019s the breakdown: <\/p>\n<ul>\n<li><strong>Disposing cigarette butts or food waste<\/strong> outside designated containers will see fines of <strong>AED 500<\/strong> for the first violation, <strong>AED 1k<\/strong> for the second, and <strong>AED 2k<\/strong> for the third and repeated breaches;<\/li>\n<li><strong>Leaving general waste \u2014 like trash bags \u2014in non-designated areas<\/strong> will cost you <strong>AED 1k<\/strong> for the first violation, <strong>AED 2k<\/strong> for the second, and <strong>AED 4k<\/strong> for the third and repeated violations.<\/li>\n<\/ul>\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- Ajman\u2019s Department of Tourism Development is on a promotional tour ac<\/strong><strong>ross the UK<\/strong> to establish strategic partnerships and attract more British visitors to the emirate, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15falok-ajman-tourism-launches-promotional-tour\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Running until tomorrow, the tour will cover Edinburgh, Newcastle, Reading, and London.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK is among Ajman\u2019s top 10 tourism markets<\/strong>, with a 9% increase in visitors in 2024 and a 36% rise in average stay duration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Abu Dhabi Department of Economic Development (ADDED) is leading a <\/strong><strong>140-member delegation to China<\/strong>, aiming to deepen investment and trade ties, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi8y199-abu-dhabi-further-enhance-trade-investments-with\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The delegation, headed by ADDED Chairman Ahmed Jasim Al Zaabi, will visit Beijing, Shanghai, Shenzhen, and Hong Kong, meeting top Chinese officials and business leaders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda: <\/strong>As part of the visit, an Abu Dhabi Investment Forum is taking place in Beijing and Shanghai, offering Chinese investors direct engagement with Abu Dhabi\u2019s economic leaders. Key Abu Dhabi entities like ADGM, Abu Dhabi Investment Office, Adnoc, Mubadala, and Kezad are participating, highlighting potential investments across sectors including technology, finance, and energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Gulfood is back: <\/strong>The world\u2019s largest annual food and beverage event, <a target=\"_blank\" href=\"https:\/\/www.gulfood.com\/\" style=\"\" rel=\"noopener\">Gulfood<\/a>, is on its fourth day today and runs until tomorrow at the Dubai World Center. The event brings together over 5k exhibitors with some 1 mn food to source, with this year\u2019s event focusing on sustainability and food security. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The International Defence Exhibition (Idex) and Naval Defence and<\/strong><strong> Maritime Security Exhibition (Navdex) are on their fourth day <\/strong>at the Abu Dhabi Exhibition Center, and wrap tomorrow. The events will see policymakers, contractors and OEMs descend on the capital, with the events including roundtable discussions and a Navdex startup zone. Manufacturers like Calidus are set to ink supply and manufacturing agreements at the event, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi8clnl-calidus-launch-seven-new-uae-made-defense-products\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><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 wrap <\/strong><strong>today <\/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>#6- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/maltcongress.com\/\" style=\"\" rel=\"noopener\">Meetings Arabia &amp; Luxury Travel (MALT) Congress 2025<\/a><\/strong><strong> is on its final day today <\/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>#7- <\/strong><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 wrap today <\/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>#8- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubai.stepconference.com\/\" style=\"\" rel=\"noopener\">Step Dubai 2025<\/a><\/strong><strong> is set to wrap today at Dubai Internet City. <\/strong>The event will bring together over 8k attendees, 200 speakers, and a USD 9 bn funding presence to spotlight key advancements in investment, AI, real estate, and fintech.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#9- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.boatshowdubai.com\/\" style=\"\" rel=\"noopener\">Dubai International Boat Show<\/a><\/strong><strong> 2025 is on its second day today and will conclude on 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 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 and Zelensky\u2019s war of words is dominating the front pages this morning<\/strong>, as analysts fear it signals a dramatic shift in US foreign policy on Russia and a pivot away from the EU.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Move it or lose it: <\/strong>US President Donald Trump again slammed his Ukrainian counterpart Volodymyr Zelensky yesterday for misusing USD 350 bn aid from the US, saying he \u201cbetter move fast\u201d on reaching an agreement with Russia, or the \u201cdictator\u201d \u2014 as Trump called him \u2014 might not have a nation to lead. Zelensky had remarked earlier in the day that the US president \u201cis living in this disinformation space\u201d created by the Kremlin. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-zelenskyy-ukraine-russia-war-7d18400b935166773bbd3b3323c8aa5f\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/02\/19\/trump-presidency-news\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/zelenskiy-says-trump-is-disinformation-bubble-ukraine-2025-02-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/dc981cd9-857d-4af0-a9f1-a01ce6242471\" style=\"\" rel=\"noopener\">FT<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s executive orders are not slowing down: <\/strong>The president said on Tuesday he will impose tariffs on autos \u201cin the neighborhood of 25%\u201d on 2 April, as well as similar tariffs on semiconductors and pharma imports with no clear timeline. The White House announced more executive orders will be signed in a few hours. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/trump-auto-tariff-rate-will-be-around-25-2025-02-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/02\/19\/trump-presidency-news\/\" style=\"\" rel=\"noopener\">Washington Post<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN TECH NEWS- Microsoft is out with \u201cMajorana 1,\u201d its first quantum chip.<\/strong> The multinational giant claims it had to create a new state of matter called the \u201ctopological state\u201d to develop the chip, whose components were manufactured in the US. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/19\/microsoft-reveals-its-first-quantum-computing-chip-the-majorana-1.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/19\/technology\/microsoft-quantum-computing-topological-qubit.html\" style=\"\" rel=\"noopener\">NY Times<\/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\" 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class=\"\r\n                story-section            \"\r\n            id=\"100898\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/uae-banks-ramp-up-debt-issuances\/\">\r\n                            UAE banks ramp up debt issuances                        <\/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-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/uae-banks-ramp-up-debt-issuances\/1818-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1818.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1818.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1818.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1818.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100898\" class=\"content-area-description single-story post-100898 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-emirates-nbd tag-enterpriseam-uae tag-sharjah-islamic-bank tag-sukuk 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\/.8d9f8d1c-bd88-4f2a-b31c-ca571bfde072.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE<\/strong><strong> lenders are continuing their active run in global debt mark<\/strong><strong>ets<\/strong>, with Emirates NBD and Sharjah Islamic Bank (SIB) launching fresh issuances on Euronext Dublin and Nasdaq Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Emirates NBD is set to issue USD 1 bn in additional tier 1 (AT1) capital securities on Euronext Dublin and Nasdaq Dubai next week<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/emirates-nbd-to-issue-1bln-at1-capital-securities-priced-at-625-k30w9rn4\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The Reg S, Category 2 perpetual six-year issuance, which Emirates NBD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/630bfc13-16b1-48ff-b562-99af112e1f8e\/this-morning:%253cmark%253e-emirates-nbd%253c%2Fmark%253e-is-prepping-an-at1-issuance-%2B-flydubai,-etihad-airways-eye-aircraft-acquisitions\" style=\"\" rel=\"noopener\">gave initial price thoughts of 6.25%<\/a>, has a first call date in August 2030, resetting in February 2031.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> AT1 bonds allow banks to raise tier-one capital without diluting shareholder ownership and have no fixed maturity date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This would be Emirates NBD\u2019s second issuance this year<\/strong>, following a USD 700 mn issuance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/40901a29-60fe-4d38-851c-1aca42993887\/uae-corporates-rush-to-debt-markets\" style=\"\" rel=\"noopener\">last month<\/a> to be listed on the Taipei Exchange. The lender set the final pricing guidance at the SOFR plus 110 bps, with denominations of USD 200k and increments of USD 1k beyond that.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Abu Dhabi Commercial Bank, Bank of America Securities, Citi, Emirates NBD Capital, First Abu Dhabi Bank (FAB), and Standard Chartered Bank are acting as joint lead managers and bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- SIB launches USD 500 mn sukuk:<\/strong> Sharjah Islamic Bank (SIB) plans to list a USD 500 mn Reg S five-year sukuk on Euronext Dublin and Nasdaq Dubai, with initial pricing set at T+1.25%, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/sharjah-islamic-bank-to-issue-500mln-reg-s-five-year-sukuk-ta1711jt\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The issuance follows a wakala structure under SIB Sukuk Company III and is part of the bank\u2019s USD 3 bn trust certificate program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This year has seen several sukuk issuances from local banks:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/87e45cd6-e9fa-4eb7-9024-4c50accfe048\/aldar-and%253cmark%253e-fab%253c%2Fmark%253e%25e2%2580%2599s-issuances-meet-strong-demand\" style=\"\" rel=\"noopener\">In January<\/a>, First Abu Dhabi Bank priced a USD 600 mn five-year sukuk amid strong demand with a profit rate of 5.2%. The sukuk \u2014 which was 2x oversubscribed, with initial pricing of T+100 bps \u2014 will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/40901a29-60fe-4d38-851c-1aca42993887\/emirates-nbd,-aldar,-and-fab-tap-debt-markets\" style=\"\" rel=\"noopener\">list<\/a> on the London Stock Exchange. <a target=\"_blank\" href=\"https:\/\/www.damacproperties.com\/en\/investor-relations\" style=\"\" rel=\"noopener\">Damac Real Estate Development<\/a> also tapped advisors <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33b2a0ae-30e8-4742-a2e7-309bb0456e47\/this-morning:-flydubai-eyes-jv-in-india-%2B-damac-taps-advisors-for-potential%253cmark%253e-sukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">earlier this week<\/a> to organize fixed income investor calls that may be followed by a 3.5-year benchmark Reg S, USD-denominated, senior unsecured sukuk offering. UAE-based issuers\u2019 total sukuk issuance volume hit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5b065290-6c63-4725-a6ff-b607afd985d9\/uae-economy-minister-denies-plans-for-income-tax-%2B-dubai-retailer-bfl-considers-ipo-to-fund-growth\" style=\"\" rel=\"noopener\">USD 14.4 bn in 2024<\/a>, with S&amp;P Global Ratings projecting that this volume will remain steady at USD 14-15 bn in 2025, \u201cunderpinned by banks and corporate issuances.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong>Our friends at Mashreq, along with Emirates NBD Capital, HSBC, Standard Chartered, Abu Dhabi Islamic Bank, Dubai Islamic Bank, ICD, and Warba Bank are joint lead managers and bookrunners.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-islamic-bank\/\">Sharjah Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/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=\"100900\" 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=\"100900\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/dubai-taps-advisors-for-mohammed-bin-rashid-al-maktoum-solar-parks-seventh-phase\/\">\r\n                            Dubai taps advisors for Mohammed bin Rashid Al Maktoum Solar Park\u2019s seventh phase, including 1.6 GW solar capacity and 1 GW storage                        <\/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\/20\/dubai-taps-advisors-for-mohammed-bin-rashid-al-maktoum-solar-parks-seventh-phase\/\" 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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Dewa appointed a Deloitte-led consortium as the advisor for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Dewa has yet to select a developer for the facility, which will be commissioned between 2027 and 2029, the statement added. The Deloitte consortium will handle the tender documents, design, submissions management, commercial negotiations, financial structuring, and power purchase agreements to reach financial close, as well as investor roadshows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project positions Dewa to exceed its 5 GW target for the solar park ahead of schedule<\/strong>, with the target initially being 2030, the statement said.<strong> The seventh phase will give the solar park a capacity of 6.2 GW,<\/strong> after the sixth phase \u2014 currently under construction \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6c855210-ec1c-43d2-b661-8353f2275c74\/uae-leads-the-region-in-renewables-capacity\" style=\"\" rel=\"noopener\">adds 1.8 GW<\/a> to the grid, up from around 2.8 GW currently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Abu Dhabi is attempting the feat first: <\/strong>Masdar and Emirates Water and Electricity Company are building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/efee1459-f282-4ca5-b17f-f607fefe821e\" style=\"\" rel=\"noopener\">USD 6 bn, 5.2 GW solar project<\/a> that will be linked to a 19 GWh BESS, making it one of the largest of its kind in the world. The mega project will produce 1 GW of uninterrupted baseload clean power daily on 90 sq km of land in the Abu Dhabi desert and will receive financing through both debt and equity. The project is set for completion in 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has big renewables goals: <\/strong>The UAE is set to get one or two <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/87c61a7f-f08f-47c6-afc6-eac05b11c1ca\" style=\"\" rel=\"noopener\">large-scale solar projects<\/a> every year until 2030 as part of the country\u2019s plan to achieve net zero by 2050 with renewables making up a 30% share of its electricity mix by 2030. The UAE currently generates around 6 GW of renewable energy and targets to increase this to at least 15 GW by 2030.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-maktoum-solar-park\/\">Al Maktoum solar park<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/deloitte\/\">Deloitte<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dewa\/\">DEWA<\/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\/solar-energy\/\">solar energy<\/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=\"100902 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=\"100902\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/100902-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100902\" class=\"content-area-description single-story post-100902 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\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=\"100903\" 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=\"100903\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/qualcomm-enters-the-nextgen-fdi-programme\/\">\r\n                            Qualcomm enters the NextGen FDI programme                        <\/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\/20\/qualcomm-enters-the-nextgen-fdi-programme\/\" 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\/20\/qualcomm-enters-the-nextgen-fdi-programme\/')\">\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\/20\/qualcomm-enters-the-nextgen-fdi-programme\/\">\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=Qualcomm enters the NextGen FDI programme&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/qualcomm-enters-the-nextgen-fdi-programme\/\">\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\/20\/qualcomm-enters-the-nextgen-fdi-programme\/&title=Qualcomm enters the NextGen FDI programme\">\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=Qualcomm+enters+the+NextGen+FDI+programme+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F20%2Fqualcomm-enters-the-nextgen-fdi-programme%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\/20\/qualcomm-enters-the-nextgen-fdi-programme\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1963.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100904\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/qualcomm-enters-the-nextgen-fdi-programme\/1963-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1963.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1963.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1963.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1963.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100903\" class=\"content-area-description single-story post-100903 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-enterpriseam-uae tag-qualcomm tag-tech 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\/.b97f0c37-e386-4e8c-8bcf-2b4f6ca03c44.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Qualcomm <\/strong><strong>jo<\/strong><strong>ins NextGen FDI: <\/strong>US-based AI and machine learning firm <a target=\"_blank\" href=\"https:\/\/www.qualcomm.com\/\" style=\"\" rel=\"noopener\">Qualcomm<\/a> has become the latest tech player to join the UAE\u2019s NextGen FDI programme, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4wbb-qualcomm-joins-uae%25E2%2580%2599s-nextgen-fdi-programme-drive\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Established in 2022, the program aims to attract global tech players to the Emirates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qualcomm?<\/strong> Multinational tech player Qualcomm manufactures chips and software for telecom devices. They\u2019re especially known for their Snapdragon semiconductor products that are used in embedded systems including smartphones. In 2024, it was in talks to acquire Intel and has predicted revenues for 1Q 2025 of up to USD 11.2 bn, the company told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-05\/qualcomm-projects-strong-revenue-growth-on-smartphone-sales\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about Qualcomm\u2019s plans in the UAE: <\/strong>Qualcomm\u2019s integration into the program will see it expand its presence in Abu Dhabi. Funding for local Emirati startups is also in the cards, with Qualcomm\u2019s investment arm Qualcomm Ventures set to provide support for early-stage AI, 5G, automotive, Cloud, Enterprise, and IoT firms, including early-stage startups involved in the program. Startups already within Qualcomm Ventures\u2019 150 strong portfolio will also be supported in their Emirati and regional expansion efforts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t Qualcomm\u2019s first venture into the Emirates<\/strong>, with the tech player partnering with G42 on its AI services platform Compass 2.0 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a1164ab1-d9dc-4b5f-acd7-8413306fa24d\/rta-unveils-aed-165-mn-mall-of-emirates-road-entrance-expansion\" style=\"\" rel=\"noopener\">last summer<\/a> and on its Condor AI platform <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dfa5863e-d9f3-4a40-b19d-6c1794f9a87a\/dar-global-%2B-aston-martin-to-create-usd-250-mn-luxury-residence-in-ras-al-khaimah\" style=\"\" rel=\"noopener\">earlier that year<\/a>. <a target=\"_blank\" href=\"https:\/\/www.core42.ai\/\" style=\"\" rel=\"noopener\">Core42<\/a>, <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/\" style=\"\" rel=\"noopener\">G42<\/a> \u2019s sovereign cloud and AI infrastructure subsidiary, also just recently launched an <a target=\"_blank\" href=\"https:\/\/playground.core42.ai\/\" style=\"\" rel=\"noopener\">AI Developer Playground<\/a> in collaboration with Qualcomm, according to a separate <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/core42-launches-an-ai-developer-playground-for-ai-inference-as-a-service-with-qualcomm-in-uae-ijoda7lw\" style=\"\" rel=\"noopener\">press release<\/a>. Built on Qualcomm\u2019s Cloud AI 100 chips, AI inference suite, and accelerators, the platform provides developers and AI engineers with AI applications, agents, tools, and libraries to build and scale AI solutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good news for the UAE\u2019s AI ambitions: <\/strong>The addition of the tech giant is a significant development in the UAE\u2019s strategy to position itself as an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6611105b-0a88-40ba-97e4-cfaec3b091dd\/the-uae%25e2%2580%2599s-ai-ambitions-%2B-sugar-production-are-getting-attention\" style=\"\" rel=\"noopener\">AI hub<\/a>. For its part, Qualcomm may be exploring other markets after the US government banned it from selling chips to Huawei <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b246a4a4-8196-441d-ab07-ea5093b9cfe3\/the-uae-is-eyeing-5%2525-gdp-growth-this-year\" style=\"\" rel=\"noopener\">last year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first of many?<\/strong> Other big names have been reported to be setting up chipmaking operations here. We heard back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/20f6975e-d5e3-4ce2-85f7-1f91886d045b\/this-morning:-chip-giants-to-set-up-manufacturing-operations-in-the-uae%3F-%2B-masdar-closer-to-acquiring-saeta-yield\" style=\"\" rel=\"noopener\">in September<\/a> that chip manufacturer Taiwan Semiconductor Manufacturing (TSMC) and Samsung were talking with UAE officials about setting up a chipmaking complex in the Emirates. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0264addb-0ed9-4d3e-bdd6-3452dc45784a\/response-plus-medical-acquires-uk-based-prometheus-medical-%2B-japan-kyoto-trade-exhibition-begins-today\" style=\"\" rel=\"noopener\">Earlier in 2024<\/a>, OpenAI was also said to be considering a semiconductor venture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, establishing a chipmaking industry in the UAE could face some challenges<\/strong>, including water shortages, with the manufacturing process requires large amounts of highly purified water.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/qualcomm\/\">Qualcomm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/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=\"100905\" 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=\"100905\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/\">\r\n                            NMDC Group to invest nearly USD 2.4 bn into India\u2019s Vadhvan port                        <\/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\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/\" 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\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/')\">\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\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/\">\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=NMDC Group to invest nearly USD 2.4 bn into India\u2019s Vadhvan port&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/\">\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\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/&title=NMDC Group to invest nearly USD 2.4 bn into India\u2019s Vadhvan port\">\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=NMDC+Group+to+invest+nearly+USD+2.4+bn+into+India%E2%80%99s+Vadhvan+port+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F20%2Fnmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port%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\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1961.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100906\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/1961-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1961.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1961.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1961.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1961.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100905\" class=\"content-area-description single-story post-100905 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-investment-watch tag-logistics 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\/.e110e609-bea2-415a-b843-21c651565fa7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>NMDC to invest bns in Indian port project: <\/strong>Abu Dhabi-based National Marine Dredging Company (NMDC Group) inked an MoU with India\u2019s Jawaharlal Nehru Port (JNPA) that could see NMDC invest nearly INR 210 bn (c. USD 2.4 bn) into Mumbai\u2019s Vadhvan Port, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/JNPORT\/posts\/pfbid0iBPotCXLJ5JkHTdbfeB7qf9wxd7UC6AvMQvFEMz7ufbVy8ScR8EQY76sQ7YKi1Yxl\" style=\"\" rel=\"noopener\">statement<\/a>. Under the agreement, NMDC will tap into dredging, reclamation, and shore protection operations at the port's offshore land, the <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/transportation\/shipping-\/-transport\/nmdc-group-pjsc-inks-rs-21000-crore-investment-proposal-with-jnpa-for-vadhvan-port-project\/articleshow\/118364630.cms?from=mdr\" style=\"\" rel=\"noopener\">Economic Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s on the cards for Vadhvan? <\/strong>India\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0cb4dbb2-26a6-49c7-b1b4-a6a48a6b5eed\/global-ports-set-to-plug-eur-2-tn-into-modernization-as-importance-as-geopolitical-assets-grow\" style=\"\" rel=\"noopener\">mega port<\/a> will feature nine container terminals, each stretching 1 km in length. It will include specialized berths for wheeled and liquid cargo, as well as one for the coast guard. Slated to be finished by the end of the decade, the USD 9 bn port will be capable of handling around 23 mn container units, positioning it among the top 10 largest ports globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Targeting exports:<\/strong> The Vadhvan Port \u2014 poised to be the starting port for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/006b0021-b805-4530-8567-591e16bebdf8\" style=\"\" rel=\"noopener\">India-Middle East-Europe Economic Corridor (IMEC)<\/a> \u2014 is set to expand the country\u2019s export capability significantly. The port\u2019s position along the Arabian Sea coast and proximity to Mumbai and Gujarat makes it an attractive trade gateway for the region, as it is also connected to northern and central India via the national railway network and the NH8 highway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The IMEC project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd629b16-aa50-4eac-bb92-cf374a7c6e95\/plenty-of-m&amp;a-to-start-off-the-week\" style=\"\" rel=\"noopener\">kicked off<\/a> operations back in June to focus on establishing the first leg between India and the UAE via sea and rail links. Efforts are currently underway to streamline procedures across the Indian ports of Mundra, Kandla and Nhava Sheva, as well as the UAE ports of Jebel Ali and Fujairah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first local player to have hands in the port: <\/strong>Logistics giant DP World inked an MoU with JNPA to develop India\u2019s Vadhvan Port back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/12593c96-130b-48c2-be85-1255dab0826b\/dp-world-inks-mou-to-develop-india%25e2%2580%2599s%253cmark%253e-vadhvan-port%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">October 2023<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"100907\" 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=\"100907\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/adia-divests-majority-stake-in-shanghai-office-tower-to-china-post-life-ins\/\">\r\n                            ADIA divests majority stake in Shanghai office tower to China Post Life Ins.                        <\/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\/20\/adia-divests-majority-stake-in-shanghai-office-tower-to-china-post-life-ins\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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       <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ADIA+divests+majority+stake+in+Shanghai+office+tower+to+China+Post+Life+Ins.+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F20%2Fadia-divests-majority-stake-in-shanghai-office-tower-to-china-post-life-ins%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\/20\/adia-divests-majority-stake-in-shanghai-office-tower-to-china-post-life-ins\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/271.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"100908\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/adia-divests-majority-stake-in-shanghai-office-tower-to-china-post-life-ins\/271-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/271.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"271.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/271.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/271.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100907\" class=\"content-area-description single-story post-100907 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abu-dhabi-investment-authority tag-china tag-enterpriseam-uae tag-investment tag-ma-watch 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\/.0d314c89-324d-43c5-b353-b3527472503b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Abu Dhabi Investment Authority (Adia) reportedly sold a USD 1.5 bn <\/strong><strong>stake of its holding <\/strong><strong>in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.hines.com\/properties\/one-museum-place-shanghai\" style=\"\" rel=\"noopener\">One Museum Place<\/a><\/strong> \u2014 a grade A, 60-floor office tower in Shanghai \u2014 to a fund backed by Chinese state-linked insurer <a target=\"_blank\" href=\"https:\/\/www.chinapost-life.com\/\" style=\"\" rel=\"noopener\">China Post Life Ins.<\/a>, <a target=\"_blank\" href=\"https:\/\/www.mingtiandi.com\/real-estate\/finance\/hines-adia-sell-shanghais-one-museum-place-for-reported-1-5b\/\" style=\"\" rel=\"noopener\">Mingtiandi<\/a> reports, citing a corporate announcement by the buyer that was later removed following inquiries from the publication. The sale was made through an investment vehicle managed by <a target=\"_blank\" href=\"https:\/\/english.cmbchina.com\/\" style=\"\" rel=\"noopener\">China Merchants Bank<\/a> and majority owned by China Post Life Ins., at a unit price of USD 8.2k-9.6k per sqm and a 4.5% capitalization rate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The tower had been on the market for over a year, and the sale was reportedly conducted at a 20% discount from Adia\u2019s initial asking price, though it still values the tower at USD 1.5 bn. Adia declined to comment on the transaction when contacted by EnterpriseAM UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who owns what now? <\/strong>While Adia offloaded its majority stake in the tower, it retains a minority holding of around 30-40% through the fund, with China Post Life Ins. nabbing a 50% stake. Houston-based developer Hines \u2014 Adia\u2019s longtime investment partner and developer of the project \u2014 also participated in the sale but will continue to manage the property. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About One Museum Place: <\/strong>The 1.4 mn square foot office tower is 90% occupied with key tenants including <a target=\"_blank\" href=\"https:\/\/www.gtjai.com\/en\" style=\"\" rel=\"noopener\">Guotai Junan Securities<\/a>, <a target=\"_blank\" href=\"https:\/\/www.pfizer.com\/\" style=\"\" rel=\"noopener\">Pfizer<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.tencent.com\/\" style=\"\" rel=\"noopener\">Tencent<\/a> affiliates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The move reflects Adia\u2019s recalibration in China amid rising office vacancies and declining rental yields. With Shanghai\u2019s commercial real estate market facing macro-headwinds, foreign investors and private funds have largely stepped back, leaving state-backed players to acquire discounted assets. Adia\u2019s divestment also comes as part of what seems like a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/848fd238-4b83-4786-9342-39709455ba9b\/%253cmark%253eadia%253c%2Fmark%253e-subsidiary-sells-its-69%2525-stake-in-uk-shopping-center-liverpool-one\" style=\"\" rel=\"noopener\">broader optimization strategy<\/a> to ration its global real estate portfolio, which has also seen it divest stakes in UK shopping center Liverpool ONE and in 33 hotels under Marriott International brands in the UK. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"100909\" 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=\"100909\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/bgn-boosts-its-loan-from-uae-lenders-to-usd-232-5-mn\/\">\r\n                            BGN boosts its loan from UAE lenders to USD 232.5 mn                        <\/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\/20\/bgn-boosts-its-loan-from-uae-lenders-to-usd-232-5-mn\/\" 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=BGN+boosts+its+loan+from+UAE+lenders+to+USD+232.5+mn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F20%2Fbgn-boosts-its-loan-from-uae-lenders-to-usd-232-5-mn%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\/20\/bgn-boosts-its-loan-from-uae-lenders-to-usd-232-5-mn\/\">\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=\"100910\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/bgn-boosts-its-loan-from-uae-lenders-to-usd-232-5-mn\/1602-jpg-65\/\" 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-100909\" class=\"content-area-description single-story post-100909 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-abu-dhabi-exports-office tag-adcb tag-bgn tag-debt tag-debt-watch tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-mashreq 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\/.7e81c25b-0811-46fe-937e-89e5a17b4e0c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Syndicate of UAE lenders boost BGN\u2019s loan to USD 232.5 <\/strong><strong>mn:<\/strong> Our friends at Mashreq, along with Abu Dhabi Exports Office (ADEX), First Abu Dhabi Bank, and seven other UAE lenders more than doubled their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cfc06b9b-53c4-4495-9b5f-f4842507f4af\/adex,-mashreq,-and-adcb-lend%253cmark%253e-bgn%253c%2Fmark%253e-usd-100-mn-to-ramp-up-energy-exports\" style=\"\" rel=\"noopener\">finance facility<\/a> provided to global energy trader BGN to USD 232.5 mn, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4we9-abu-dhabi-exports-office-grows-nine-lender-finance\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An Islamic + conventional facility:<\/strong> The oversubscribed facility, which was initially valued at USD 100 mn with a USD 120 mn target, will include a Murabaha tranche to incorporate both Islamic and conventional financing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s in?<\/strong> Our friends at Mashreq acted as a facility agent on the transaction, along with Abu Dhabi Commercial Bank (ADCB), National Bank of Fujairah, the Commercial Bank of Dubai, the Arab Bank, the National Bank of Ras Al Khaimah, Emirates NBD Bank, and Ajman Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go?<\/strong> The loan will be used in growing BGN\u2019s global reach across several commodity classes, ADCB\u2019s Group Chief Business Officer Abdulla Al Shamsi said. \u201cWe are committed to strengthening financial partnerships in the GCC to empower our global business expansion and trading growth,\u201d BGN\u2019s CEO R\u00fcya Bayegan said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> BGN previously secured a separate USD 235.5 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/775eb90a-e866-4220-98fd-69a94a9e0d7f\/adib-extends-aed-865-mn-syndicated-loan-to-al-seer-marine-and%253cmark%253e-bgn%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">shariah-compliant facility<\/a>  from a UAE banking syndicate led by Abu Dhabi Islamic Bank (ADIB). This financing, the second tranche of a larger USD 370 mn syndicated loan, supported ABGC \u2014 a joint venture between Al Seer Marine and BGN International \u2014 in financing three very large gas carriers (VLGCs) in South Korea and Japan.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-exports-office\/\">Abu Dhabi Exports Office<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adcb\/\">ADCB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bgn\/\">BGN<\/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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/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=\"100911\" 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=\"100911\">\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\">DEFENSE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/idex-and-navdex-2025-day-3-contracts-signed-in-defense-tech-cybersecurity-and-more\/\">\r\n                            Idex and Navdex 2025 Day 3: contracts signed in defense tech, cybersecurity, and more                        <\/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\" 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data-image-title=\"1959.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1959.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1959.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100911\" class=\"content-area-description single-story post-100911 post type-post status-publish format-standard has-post-thumbnail hentry category-defense tag-adsb tag-calidus tag-defense tag-edge-group tag-enterpriseam-uae tag-tawazun-council 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\/.1413d5fd-0124-4c36-9fa5-0c9e8a172d00.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Defense exhibits <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.idexuae.ae\/\" style=\"\" rel=\"noopener\">Idex<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.navdex.ae\/\" style=\"\" rel=\"noopener\">Navdex<\/a><\/strong><strong> 2025 saw some 28 contracts worth AED <\/strong><strong>19.9 <\/strong><strong>bn <\/strong><strong>inked<\/strong><strong> on their first three days<\/strong>, including ten new agreements worth AED 10.2 bn from The Tawazun Council and AED 9.7 bn for local firms, the defense and security acquisitions authority for the UAE armed forces and Abu Dhabi police, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/idex-and-navdex-2025-secure-aed-1995bln-in-contracts-over-three-days-extbctu4\" 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 style=\"background-color: transparent;\">Domestic defense was once again at the forefront on the third day<\/strong><span style=\"background-color: transparent;\"> with seven contracts valued at AED 9.6 bn. These include:<\/span><\/p>\n<ul>\n<li>An <strong>AED 1.9 bn<\/strong> contract for <strong>Edge Group<\/strong> for naval technical support systems; <\/li>\n<li>An <strong>AED 2.3 bn contract<\/strong> for <strong>CLS Automotive Technologies<\/strong> for the supply of <strong>IFV Wahsh armored vehicles<\/strong>;<\/li>\n<li>An <strong>AED 121.3 mn<\/strong> contract with Abu Dhabi military equipment supplier <a target=\"_blank\" href=\"https:\/\/trust-ig.com\/\" style=\"\" rel=\"noopener\">Trust<\/a> to purchase CBRN protective gear;<\/li>\n<li>An <strong>AED 288 mn<\/strong> contract to purchase <strong>Tracked RCV unmanned vehicles<\/strong>;<\/li>\n<li>An <strong>AED 382 mn<\/strong> contract with <strong>International Golden Group<\/strong> for the purchase of an <strong>E-Loran system<\/strong>;<\/li>\n<li><strong>An AED 4.4 bn contract for<\/strong> Edge Group's subsidiary, Lahab Defense Systems, to <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-awarded-uae-ministry-defence-contract-supply-aerial-munitions\" style=\"\" rel=\"noopener\">supply MK81-84 general-purpose aerial munitions<\/a> to the UAE Defense Ministry. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here is a rundown of other agreements signed yesterday<\/strong>, spanning emergency response infrastructure, electromechanical systems, manufacturing, and cybersecurity.<\/p>\n<p class=\"tag-border-left\">DEFENSE TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Edge\u2019s <\/strong><strong>ADSB<\/strong><strong> partners with Spain\u2019s Indra: <\/strong>Edge Group\u2019s naval arm <a target=\"_blank\" href=\"https:\/\/adsb.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Ship<\/a><a target=\"_blank\" href=\"https:\/\/adsb.ae\/\" style=\"\" rel=\"noopener\">Building<\/a> (ADSB) inked an agreement with Spanish defense systems company <a target=\"_blank\" href=\"https:\/\/www.indracompany.com\/en\/\" style=\"\" rel=\"noopener\">Indra<\/a> to integrate a \u201c3D radar, radar electronic support measures, communications electronic support measures, and counter-unmanned aerial systems jammers\u201d into ADSB\u2019s FA-400 offshore patrol vessel, Edge said in a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/adsb-joins-forces-indra-equip-fa-400-offshore-patrol-vessel-advanced-naval-systems\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement, signed at Navdex, is supported by the Abu Dhabi-based joint venture between Edge and Indra, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1be95ab1-9a48-481c-b352-cd49166588cd\/edge-group-and-indra-sistemas-formalize-uae-based-radar-systems-manufacturing-jv\" style=\"\" rel=\"noopener\">Pulse<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>ADSB also partnered with the maritime repair and fabrication facility Arab Shipbuilding and Repair Yard (ASRY) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/39c7449c-f20c-4450-9962-a925e14abb1f\/idex-and-navdex-2025-day-2:-bns-worth-of-agreements-signed\" style=\"\" rel=\"noopener\">on day two of the exhibition<\/a> to build new naval auxiliary vessels and port craft. Edge subsidiary Katim also teamed up to develop advanced secure communication systems for Nato and Spanish markets on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ec5c9dd-5e8d-4de2-8bd4-bc0e4d312761\/\" style=\"\" rel=\"noopener\">the first day of Idex<\/a>.<\/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:\/\/edgegroup.ae\/\" style=\"\" rel=\"noopener\">EDGE<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/\" style=\"\" rel=\"noopener\">Group<\/a><\/strong> <strong> and France\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.naval-group.com\/en\" style=\"\" rel=\"noopener\">Naval Group<\/a><\/strong><strong> inked an MoU to explor<\/strong><strong>e<\/strong> <strong>potential collaboration in advanced naval combat systems<\/strong>, Edge said in a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-and-naval-group-collaborate-advanced-naval-combat-systems\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p class=\"tag-border-left\">CYBERSECURITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Edge Group landed AED 227 mn contract for anti-jamming syst<\/strong><strong>ems:<\/strong> Edge Group's subsidiary, SIGN4L, secured a AED 227 mn contract to supply GPS-Protect anti-jamming systems to the UAE Defense Ministry, according to a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-awarded-uae-ministry-defence-contract-supply-advanced-gps-anti-jamming-systems\" 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> SIGN4L, which is part of Edge\u2019s electronic warfare portfolio, will produce systems designed to protect UAE military satellite navigation receivers from interference and jamming. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Edge\u2019s Katim and Nokia partner on secure defense telecom networks:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Edge Group\u2019s Katim and Nokia signed an MoU to develop secure telecommunications networks for UAE defense and critical infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-group-and-nokia-collaborate-strengthen-secure-communications-defence-sector\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement focuses on Military 5G and \u201c5G in-a-box\u201d systems designed to meet high-security standards for mission-critical operations. Nokia will deploy its Middle East Mobile Networks team to support network development, while Katim will ensure compliance with UAE defense requirements.<\/p>\n<p class=\"tag-border-left\">MAINTENANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Ammroc <\/strong><strong>receives a depot MRO center certification for helicopter blades<\/strong><strong>:<\/strong> The UAE\u2019s Advanced Military Maintenance, Repair, and Overhaul Center (Ammroc) has been certified by Lockheed Martin\u2019s Sikorsky as a depot maintenance, repair, and overhaul (MRO) center for Black Hawk helicopter rotor blades, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/ammroc_ammroc-mro-sikorsky-activity-7297602664052277248-iAOC\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAABZYz7IB-tUUZq55rsfnnFKCaVfhEg-JGuM\" style=\"\" rel=\"noopener\">statement<\/a>. Ammroc will serve as the first certified depot MRO center for these types of helicopter blades outside the US. The company is currently working on securing full authorization for its Black Hawk rotor and transmission shop, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi9jhd1-ammroc-secures-authorization-from-sikorsky-first\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Ammroc and Marshall sign C-130 maintenance contract:<\/strong> Ammroc and UK aerospace firm Marshall signed an 18-month service agreement to upgrade and maintain C-130 aircraft fleets, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4wn0-ammroc-marshall-sign-strategic-service-agreement\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Marshall will deploy engineers to Ammroc's Al Ain facilities. <\/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- Calidus and Safran partner on aerial delivery systems:<\/strong> UAE defense firm Calidus signed an MoU with France\u2019s Safran Electronics and Defence to develop aerial delivery systems for military and humanitarian operations in the Mena region, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4wk3-calidus-frances-safran-electronics-defence\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The collaboration will focus on avionics, navigation systems, and logistics optimization for missions ranging from combat to disaster relief.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Al Taif and Ayyazilim partner on Light Robotic Combat Vehicle:<\/strong> Edge Group entity Al Taif signed a MoU with Turkish systems engineering firm Ayyazilim to convert a light robotic combat vehicle (LRCV) from a commercial off-road platform, according to a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-and-ayyazilim-sign-mou-develop-next-generation-unmanned-fighting-vehicles\" style=\"\" rel=\"noopener\">press release<\/a>. Ayyazilim will oversee electronic systems integration for the LRCV, including communications, sensors, navigation, and safety mechanisms. Al Taif, specializing in military land platform support, will ensure the vehicle meets combat performance requirements.<\/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>Space42\u2019s <\/strong><strong>Mira Aerospace partnered with defense and aerospace facility <\/strong><strong>XRange to establish a testing hub for high-altitude UAV trials<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/xrangeuae.com\/news\/xrange-and-mira-aerospace-partner-advance-high-altitude-platform-station-flight-testing\" style=\"\" rel=\"noopener\">press release<\/a>. XRange will serve as the main training, testing, and evaluation facility for Mira\u2019s solar-powered UAV, offering airspace allocation, trial instrumentation, and planning support.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adsb\/\">ADSB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/calidus\/\">Calidus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tawazun-council\/\">Tawazun Council<\/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=\"100913\" 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=\"100913\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/etihad-airways-net-income-triples-in-2024\/\">\r\n                            Etihad Airways\u2019 net income triples in 2024                        <\/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\/20\/etihad-airways-net-income-triples-in-2024\/\" 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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Total revenue climbed 25% y-o-y to AED 25.3 bn, driven by a 25% rise in passenger revenue to AED 20.8 bn, supported by network expansion and higher capacity. Cargo revenue surged 24% y-o-y to AED 4.2 bn, supported by a 12% rise in cargo volumes and improved yields in the second half of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi-based airline transported 18.5 mn passengers <\/strong>during the year, marking a 32% y-o-y increase, with passenger load factor edging up to 87% from 86% in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad grew its operating fleet to 97 aircraft<\/strong>, adding 12 new planes, including six A320 NEOs and a fifth A380. It also launched 20 new destinations \u2014 including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6af004c7-4045-4644-9fed-5cf7123172b9\/adia-invests-in-residential-real-estate-project-in-india\" style=\"\" rel=\"noopener\">Boston<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8eb104d4-8ea4-4fd1-b8b5-a6ef589c4f59\/masdar-closes-acquisition-of-rwe%25e2%2580%2599s-offshore-wind-farms-%2B-amea-is-moving-forward-with-egypt-green-ammonia-plant\" style=\"\" rel=\"noopener\">Jaipur<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c907c59d-7976-4fea-ae6b-b9c1a683d403\/airline-expansions,-tourism-forecasts,-and-evtol-updates-from-day-two-of-atm\" style=\"\" rel=\"noopener\">Bali<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6179edb9-399d-43f4-a9c0-c6280f236964\/dubai-investments-inaugurates-aed-300-mn-residential-tower-in-jvc\" style=\"\" rel=\"noopener\">Nairobi<\/a> \u2014 bringing its network to 80 cities, with over 10 set to start operations in 2025. The airline also greenlit an AED 3 bn retrofit program, its largest ever, and launched a dedicated premium call center, aimed at improving cabin experience and customer satisfaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Etihad is set to hit the ADX as soon as this month: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a1479b87-0fbf-426c-8d61-c329fb0420f9\/%253cmark%253eetihad%253c%2Fmark%253e-airways-could-hit-the-adx-before-the-end-of-february--ceo\" style=\"\" rel=\"noopener\">Earlier this month<\/a>, Neves hinted that Etihad Airways could list a 20% stake on the ADX as soon as February. The airline reportedly launched its IPO roadshow <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e8aa672-8027-408b-8586-56ed247fe1a9\/this-morning:%253cmark%253e-etihad-airways%253c%2Fmark%253e-to-market-ipo-next-week-%2B-it%25e2%2580%2599s-interest-rate-week\" style=\"\" rel=\"noopener\">in January<\/a>, with the offering expected to raise up to USD 1 bn, valuing the company at USD 5 bn. While an IPO was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">initially planned for last year<\/a>, Reuters reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/86abe7e4-88e8-48b9-869a-be06f8f6b66a\" style=\"\" rel=\"noopener\">in September<\/a> that the idea to present investors with 2024 financial results, along with geopolitical instability, weighed on the timing.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"100915\" 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=\"100915\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/dragon-oil-taps-schlumberger-for-egypt-production-optimization-partnership\/\">\r\n                            Dragon Oil taps Schlumberger for Egypt production optimization partnership                        <\/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\/20\/dragon-oil-taps-schlumberger-for-egypt-production-optimization-partnership\/\" 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 agreement covers advancements in artificial intelligence, machine learning, production optimization, and advanced seismic surveying in Egypt, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/28414\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. The signing took place at the Egypt Energy Show (EGYPS 2025), which concluded Tuesday in Cairo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Dragon Oil <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/762b69c2-d781-4ca5-b5d1-04febd532ef4\/%253cmark%253edragon%253c%2Fmark%253e%253cmark%253e-oil%253c%2Fmark%253e-has-usd-500-to-invest-in%253cmark%253e-egypt%253c%2Fmark%253e-%2B-edgnex-to-invest-in-turkey-data-center\" style=\"\" rel=\"noopener\">ramped up its Egypt investments<\/a> last year, committing USD 500 mn in 2024 to maintain 61k barrels per day (bpd) of production and boost output from the North Safa oil field in the Gulf of Suez to 8k bpd by 2025. The firm also kicked off production at the Al Wasl field and earmarked USD 200 mn to drill seven new wells by 2026 to double its output from 3k bpd. <\/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>Mantra <\/strong><strong>Finance secures Vara license to expand virtual asset services in D<\/strong><strong>ubai: <\/strong>Shorooq-backed <a target=\"_blank\" href=\"https:\/\/app.mantra.finance\/vaults\" style=\"\" rel=\"noopener\">Mantra Finance<\/a> secured a Virtual Asset Service Provider license from Dubai\u2019s Virtual Assets Regulatory Authority (Vara), allowing it to operate as a Virtual Asset Exchange and provide broker-dealer and investment management services, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/shorooq-backed-mantra-secures-first-vara-defi-license-rw9viftm\" style=\"\" rel=\"noopener\">press release<\/a>. The company plans to scale its operations in the Middle East. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Last month, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/72cf02a1-753f-4c05-9273-a075e08195cb\/%253cmark%253emantra%253c%2Fmark%253e-to-tokenize-usd-1-bn-damac-group-assets-in-the-middle-east\" style=\"\" rel=\"noopener\">Dubai\u2019s Damac Group partnered with Mantra<\/a><\/strong><strong> to tokenize at least USD 1 bn worth of assets across real estate<\/strong>, hospitality, and data centers in the Middle East. The partnership builds on Mantra\u2019s growing presence in asset tokenization, following its USD 500 mn real estate tokenization deal with MAG Property Development and its MoU with Zand Bank to facilitate blockchain-based investments.<\/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>Empower\u2019s ELIPS expands across Gulf and regional mark<\/strong><strong>ets: <\/strong>Empower Insulated Pipe Systems (ELIPS), a subsidiary of Emirates Central Cooling Systems Corporation PJSC (Empower), has expanded its footprint across the Gulf and Middle East, and is now operating in Saudi Arabia, Bahrain, Oman, Qatar, Kuwait, and Egypt, according to a DFM <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1893.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. <\/p>\n<p class=\"tag-border-left\">TRADE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Abu Dhabi Commerce and Industry Chamber inked a cooperation agree<\/strong><strong>ment with the Shanghai Industry and Commerce Federation<\/strong> to support and ease the process for Chinese firms entering Abu Dhabi\u2019s market, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bia4om3-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A8%D9%8A%D9%86-%D8%BA%D8%B1%D9%81%D8%A9-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D9%88%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%B4%D9%86%D8%BA%D9%87%D8%A7%D9%8A\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The partnership focuses on creating shared platforms for trade, data exchange, and investor support. <\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DFM<\/strong><strong>-listed brokerage and investment firm Al Ramz Corporation is expa<\/strong><strong>nding into <\/strong><strong>Bahrain<\/strong> after securing a market maker license on the Bahrain Bourse (BHB), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1896.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The move aligns with Al Ramz\u2019s strategy to broaden its regional footprint, targeting GCC financial markets, the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This marks Al Ramz\u2019s second market maker license this month<\/strong>, following its recent approval from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e90289eb-586a-4923-8d4e-e632a86adc3f\/ad-ports-teams-up-with-cma-cgm-on-jv-to-develop-congo-terminal\" style=\"\" rel=\"noopener\">Muscat Stock Exchange (MSX)<\/a>. The firm also recently launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d621518b-e093-41e2-bf82-ad0897394c45\/chinese-firms-to-establish-manufacturing-plants-at-abu-dhabi%25e2%2580%2599s-kizad\" style=\"\" rel=\"noopener\">a new trading platform<\/a> that offers access to both regional and global markets.<\/p>\n<p class=\"tag-border-left\">FINTECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Careem <\/strong><strong>Pay adds 18 new European remittance corridors: <\/strong>UAE residents can now transfer money instantly to 18 additional European countries using Careem Pay, the fintech arm of the Careem Everything App, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/careem-pay-expands-remittance-service-with-18-new-european-corridors-h5m17cm2\" style=\"\" rel=\"noopener\">press release<\/a>. The new corridors include Austria, Belgium, Croatia, Cyprus, Estonia, Finland, Greece, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Portugal, San Marino, Slovakia, and Slovenia \u2014 expanding on existing routes to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4e17ea75-8624-4615-b67a-3a63fed307a0\/new-payment-services-from%253cmark%253e-careem%253c%2Fmark%253e,-visa\" style=\"\" rel=\"noopener\">Germany, France, Ireland, Spain, and Italy<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The platform allows customers to send up to AED 150k per transaction and up to AED 450k a month to any valid IBAN in said countries, with eight out of 10 transfers processed in under 30 minutes via SEPA transfers, at rates 50% cheaper than banks. <\/p>\n<p class=\"tag-border-left\">RETAIL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah <\/strong><strong>launches fashion lab: <\/strong>Sharjah Ruler Sultan bin Mohammed Al Qasimi issued a decree establishing the Sharjah Fashion Lab (SFL), an independent center aimed at helping local designers expand into global markets, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4w2o-sharjah-ruler-establishes-regulates-sharjah\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Based in the Sharjah Creative Quarter, the lab will provide designers with advanced machinery, consulting services, and production support, as well as educational programs, market access, and industry collaborations, including partnerships with local factories to strengthen the UAE\u2019s fashion industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Organizational structure: <\/strong>The SFL will operate with financial and administrative independence and will be overseen by a director appointed by the head of the Sharjah Creative Quarter. <\/p>\n<p class=\"tag-border-left\">FOOD AND BEVERAGE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gorilla<\/strong><strong> Energy names the UAE as its global HQ:<\/strong> Gorilla Energy is setting up shop in the Middle East, designating the UAE as its global headquarters, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gorilla-energy-electrifies-middle-east-targets-319bln-market-with-uae-hub-at-gulfood-2025-lkd81tst\" style=\"\" rel=\"noopener\">press release<\/a>. The company is planning a production facility in Jebel Ali to target the Middle East and Africa energy drink market by producing energy blend concentrates locally. The company has formed UAE entities, including Gorilla Beverages Holding, to oversee global operations.<\/p>\n<p class=\"tag-border-left\">MARITIME- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Veson Nautical lands at DMCC: <\/strong>US-based freight management and maritime data provider Veson Natural has launched a new office in Dubai\u2019s Multi Commodities Centre (DMCC), according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/02\/19\/3028484\/0\/en\/Veson-Nautical-expands-global-presence-with-new-office-in-Dubai.html\" style=\"\" rel=\"noopener\">statement<\/a>. The facility \u2014 which will serve as a hub for client management, implementation support, and industry collaboration \u2014 is part of the firm\u2019s strategy in supporting its operations and client base in the region.<\/p>\n<p class=\"tag-border-left\">BUSINESS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>YesAgain launches AED 30 mn electronics refurbishment hub in S<\/strong><strong>harjah\u2019s SAIF <\/strong><strong>Zone: <\/strong>YesAgain, a Microsoft-authorized electronics refurbisher, opened a 9k sqm facility in Sharjah Airport International Freezone (SAIF Zone) with an initial investment of AED 30 mn, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bia4wh3-yesagain-group-expands-into-middle-east-with-new\" style=\"\" rel=\"noopener\">Wam<\/a> reports.The site aims to triple the company\u2019s annual refurbishment capacity from 100k to 300k devices, targeting regional demand for e-waste reduction.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n               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<\/div>\n<\/div>\n<\/section>\n<section id=\"100917\" 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=\"100917\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/20\/hsbc-to-exit-bahraini-retail-banking-business-unveils-plan-to-cut-costs\/\">\r\n                            HSBC to exit Bahraini retail banking business + unveils plan to cut costs                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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data-image-title=\"569.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/569.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/569.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100917\" class=\"content-area-description single-story post-100917 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-banking tag-enterpriseam-uae tag-financial-markets tag-hsbc 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\/.5201c2ce-82c2-4a8f-937e-8046a643cccd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC to sell its retail banking business in Bahrain: <\/strong>The lender will sell its Bahraini retail banking operations to the Bank of Bahrain and Kuwait (BBK), HSBC Bahrain said in a <a target=\"_blank\" href=\"https:\/\/www.hsbc.com.bh\/important-notices\/\" style=\"\" rel=\"noopener\">notice<\/a> to customers. The move is pending the Central Bank of Bahrain\u2019s approval and is expected to be completed in 4Q 2025. The lender didn\u2019t disclose the value of the transaction. <\/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 details: <\/strong><span style=\"background-color: transparent;\">HSBC will transfer its retail loans, deposits, and accounts of some 76k customers to BBK. The sale doesn\u2019t include the bank\u2019s corporate and private banking businesses in the GCC nation.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a wider restructuring agenda:<\/strong> The decision to sell comes as the lender continues a sweeping overhaul as it shifts its focus away from low-returning consumer banking activities. HSBC has also laid off 40 investment bankers in Hong Kong, following an earlier decision to shut down its M&amp;As and equities businesses in Europe and the Americas, a source with knowledge of the matter told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/hsbc-cuts-40-dealmakers-hong-kong-ahead-restructuring-source-says-2025-02-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And a plan to cut costs: <\/strong>The lender \u201caims to generate approximately USD 300 mn of cost reductions in 2025, with a commitment to an annualised reduction of USD 1.5 bn in our cost base expected by the end of 2026,\u201d it said in 2024 <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1950.pdf\" style=\"\" rel=\"noopener\">earnings (pdf)<\/a>. \u201cTo deliver these reductions, we plan to incur severance and other up-front costs of USD 1.8 bn over 2025 and 2026, which will be classified as notable items. We are focused on opportunities where we have a clear competitive advantage and accretive returns, and we aim to redeploy around USD 1.5 bn of additional costs from non-strategic activities into these areas, over the medium term.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>HSBC\u2019s restructuring drive began when Georges Elhedery took over as CEO <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ea8c902-ddef-472a-8d98-4555b536b844\/\" style=\"\" rel=\"noopener\">in September<\/a>. One of his first major moves as CEO was to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/001a4d63-bf58-4156-bc42-6e42ae71bb9e\/\" style=\"\" rel=\"noopener\">reorganize HSBC\u2019s global structure<\/a>, grouping the lender\u2019s Middle East, North Africa, and Turkey (MENAT) operations with Asia-Pacific operations under a newly formed Eastern Markets division. At the same time, Elhedery merged HSBC\u2019s commercial banking business with its global banking and markets team, creating a new wholesale banking unit to streamline operations. The bank has also been doubling down on wealth and premier banking, particularly in the Middle East and Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The lender reported a \u201cstrong 2024 performance,\" <\/strong>with its income after tax coming in at USD 25 bn, up USD 400 mn y-o-y and revenues stable at USD 65.9 bn. As for its financials for 4Q 2024 \u2014 the bank reported an income after tax of USD 600 mn, up from USD 400 mn in 2023, reflecting the one-off USD 3 bn impairment charge related to its stake in Bank of Communications last year, according to its <a target=\"_blank\" href=\"https:\/\/www.hsbc.com\/news-and-views\/news\/media-releases\/2025\/hsbc-holdings-plc-annual-results-2024\" style=\"\" rel=\"noopener\">website<\/a>. Revenues were down 11% y-o-y to USD 11.6 bn, primarily due to foreign currency losses from the sale of HSBC\u2019s Argentina business.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite strong earnings, the overhaul has left some investors cautious.<\/strong> HSBC gained 1.38% on the Hong Kong Stock Exchange but fell some 0.21% on the LSE during yesterday\u2019s trading. The restructuring-related expenses the lender is expected to incur are much more than initially anticipated, according to Citigroup analysts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big picture: <\/strong>\u201cWe are creating a simple, more agile, focused bank built on our core strengths. We continue to take deliberate and decisive steps \u2026 I have put in place a smaller, core team of exceptionally talented leaders driven by a growth orientated mindset and a firm focus on dynamically managing our costs and capital,\u201d Elhedery <a target=\"_blank\" href=\"https:\/\/www.hsbc.com\/news-and-views\/news\/media-releases\/2025\/hsbc-holdings-plc-annual-results-2024\" style=\"\" rel=\"noopener\">said<\/a>.<\/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 in the red in early trading this morning<\/strong>, Japan\u2019s Nikkei is down 1.3%, the Shanghai Composite is down 0.2%, and so are the Hang Seng (-1.7%) and the Kospi (-0.6%).<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\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>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\">9,593<\/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: +1.9%)<\/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>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\">5,389<\/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: +4.4%)<\/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>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\">4,429<\/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: +6.4%)<\/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-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>TASI<\/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\">12,318<\/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: +2.3%)<\/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>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\">30,875<\/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: +3.8%)<\/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>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\">6,144<\/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: +4.5%)<\/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\">8,713<\/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% (YTD: +6.6%)<\/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>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\">5,461<\/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\">-1.3% (YTD: +11.5%)<\/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 76.08<\/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%<\/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>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 4.26<\/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\">+6.8%<\/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>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 2,936<\/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%<\/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>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 96,382<\/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\">+0.8% (YTD: +3.1%)<\/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 ADX fell 0.3% yesterday<\/strong> on turnover of AED 1.3 bn. The index is up 1.9% 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>Abu Dhabi National Ins. Company (+4.5%), Dana Gas (+4.4%) and Rak Properties (+3.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Abu Dhabi Commercial Bank (-4.4%), Investcorp Capital (-4.1%) and Sudatel Telecommunications (-3.1%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index is up 0.3% on turnover of AED 855.3 mn. Meanwhile Nasdaq Dubai closed down 0.3%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa <\/strong><strong>Capital is inviting noteholders of its USD 150 mn notes due <\/strong><strong>on 31 March 2025<\/strong> t<strong>o exchange up to USD 75 mn in principal<\/strong> for AED-denominated mandatory convertible bonds, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1886.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The offer runs from 19 to 28 February, with indicative results announced on 3 March and settlement on 18 March. The offer remains subject to approval from the Securities and Commodities Authority.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Shuaa\u2019s shareholders approved the offer and the issuance of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33b2a0ae-30e8-4742-a2e7-309bb0456e47\/%253cmark%253e%253c%2Fmark%253ethis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emorning%253cmark%253e%253c%2Fmark%253e:%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eflydubai%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eeyes%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ejv%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eindia%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253edamac%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etaps%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eadvisors%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253epotential%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esukuk%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">AED 425.5 mn MCBs<\/a> on 17 February. Last week, the company secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d8e8e0b3-43b7-487a-8fa2-fce859a409be\/this-morning:%253cmark%253e-shuaa%253c%2Fmark%253e-capital-covers-first-tranche-of-mandatory-convertible-bond-issuance-%2B-abu-dhabi-vertiport-locations-shortlisted\" style=\"\" rel=\"noopener\">binding commitments<\/a> from institutional investors for the first tranche, valued at up to AED 150 mn and convertible into shares at AED 0.32 per share. A second issuance of up to AED 275.5 mn will be offered to existing bondholders. Shuaa had earlier said it plans to issue AED 642.5 mn in MCBs to optimize its capital structure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Shuaa reached an agreement with bondholders in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/45e7e740-359e-4d17-9f86-21bf01480bbd\/%253cmark%253eshuaa%253c%2Fmark%253e-capital-restructures-usd-150-mn-debt\" style=\"\" rel=\"noopener\">April 2024<\/a> to restructure its USD 150 mn bonds. Bondholders could convert part of their holdings into equity, with the remaining debt settled at a markdown by 31 March 2025.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/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\/hsbc\/\">HSBC<\/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=\"100919\" 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\/20\/100919-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-100919\" class=\"content-area-description single-story post-100919 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>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>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>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 style=\"font-weight:400;\">18-20 February (Tuesday-Thursday): Abu Dhabi Investment Forum, Beijing and Shanghai, China.<\/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-Thursday): <\/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-Thursday): <\/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-Thursday): 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=\"\">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 style=\"font-weight:400;\">20-25 February (Thursday-Tuesday): Subscription period for retail and institutional investors for Alpha Data\u2019s IPO.<\/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;\">21-25 February (Friday-Tuesday): Made in Russia Festival & Fair, Yas Bay Waterfront, Yas Island, Abu Dhabi.<\/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 style=\"font-weight:400;\">26 February (Wednesday): Final price announcement for Alpha Data\u2019s IPO.<\/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:\/\/investopia.ae\/events\/investopia-2025\/\" style=\"\">Investopia 2025<\/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>8 March (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.beingshe.com\/future-women-leaders-forum-2025\/\" style=\"\">Future Women Leaders Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, Taj Exotica, The Palm, Dubai<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-29 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurehospitality.com\/world\" style=\"\">Future Hospitality Summit<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-21 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiairshow.aero\/en\/home.html\" style=\"\">Dubai Airshow 2025<\/a><\/span><span style=\"font-weight:400;\">, Al Maktoum International Airport, 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;\">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;\">1 March (Saturday): Start of 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:400;\">5 March (Wednesday): Final share allocation for Alpha Data\u2019s IPO.<\/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;\">11 March (Tuesday): Alpha Data shares begin trading.<\/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>29 March (Saturday): New <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/186a5b62-343a-46c3-bd43-65d15490a617\/uae-lowers-minimum-driving-age-to-17-%2B-updates-traffic-regulations\" style=\"\">traffic regulations<\/a><\/span><span style=\"font-weight:400;\"> and minimum driving age to take 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;\">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>11-13 April (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ifilmfestivalabudhabi.com\/\" style=\"\">I-Film Festival<\/a><\/span><span style=\"font-weight:400;\">, Yas Creative Hub, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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 style=\"font-weight:400;\">, 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 Air 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>6-7 July (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/brazil-brics-summit-rio-ea1ad30cd114143d91840a37f96725ee\" style=\"\">BRICS Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro.<\/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>7-9 October (Tuesday-Thursday): The 8th <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.icrp.org\/page.asp?id=659\" style=\"\">International Symposium on the System of Radiological Protection<\/a><\/span><span style=\"font-weight:400;\">, the Ritz-Carlton Abu Dhabi, Grand Canal. <\/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>3-5 February (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/x.com\/UAEmediaoffice\/status\/1890315122872045735\" style=\"\">The World Governments Summit<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/li>\n<li><span>11-13 May (Monday-Wednesday): <\/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;\">, Adnec Center.<\/span><\/li>\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\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>Etihad Airways\u2019 net income triples in 2024 ahead of IPO | Arab states push alternative Gaza plan with potential USD 20 bn funding<\/p>\n","protected":false},"featured_media":100894,"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-100893","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"cf382c4f-f3da-4921-8559-5cca6ce16cbc","teaser":"Etihad Airways\u2019 net income triples in 2024 ahead of IPO | Arab states push alternative Gaza plan with potential USD 20 bn funding","photo_url":"https:\/\/ent.news\/2024\/9\/845.jpg"},"yoast_head":"<!-- This site is optimized with the 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