{"id":101091,"date":"2025-02-26T00:00:00","date_gmt":"2025-02-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=101091"},"modified":"2025-12-15T02:59:40","modified_gmt":"2025-12-15T02:59:40","slug":"multiply-group-ambrosia-make-overseas-acquisitions-e-divests-stake-in-khazna","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/multiply-group-ambrosia-make-overseas-acquisitions-e-divests-stake-in-khazna\/","title":{"rendered":"Multiply Group, Ambrosia make overseas acquisitions + e&#038; divests stake in Khazna"},"content":{"rendered":"<section id=\"101093\" 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=\"101093\">\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\/26\/this-morning-etihad-airways-to-kick-off-ipo-this-week-adnoc-logistics-and-services-upgraded-to-ftse-large-cap-index\/\">\r\n                            THIS MORNING: Etihad Airways to kick off IPO this week? + Adnoc Logistics and Services upgraded to FTSE Large Cap Index                        <\/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\/26\/this-morning-etihad-airways-to-kick-off-ipo-this-week-adnoc-logistics-and-services-upgraded-to-ftse-large-cap-index\/\" 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\/26\/this-morning-etihad-airways-to-kick-off-ipo-this-week-adnoc-logistics-and-services-upgraded-to-ftse-large-cap-index\/')\">\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\/26\/this-morning-etihad-airways-to-kick-off-ipo-this-week-adnoc-logistics-and-services-upgraded-to-ftse-large-cap-index\/\">\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=THIS MORNING: Etihad Airways to kick off IPO this week? 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Plus: e&amp; divested its stake in Khazna, with MGX and PE firm buying in. Let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER-<\/strong> <strong>Expect a mostly cloudy day today and a humid night<\/strong>, according to our favorite weather app and the National Center of Meteorology\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2463.pdf\" style=\"\" rel=\"noopener\">forecast (pdf)<\/a>. The mercury in <strong>Dubai<\/strong> will hit 24\u00b0C, with an overnight low of 19\u00b0C, while temperatures will hit 19\u00b0C in <strong>Abu Dhabi<\/strong>, with an overnight low of 19\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\"><a id=\"wwtt1\"><\/a> <strong>Abu Dhabi\u2019s Adnoc Logistics and Services secures a spot in the FTSE big leagues: <\/strong>Energy giant Adnoc Logistics and Services was upgraded to the large-cap index of FTSE Russell in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2408.pdf\" style=\"\" rel=\"noopener\">semi-annual review (pdf)<\/a>, reflecting its growing market dominance. Previously classified as a mid-cap stock, the reclassification underscores its expanding scale and liquidity, making it even more attractive to institutional investors tracking the global index. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the flip side: <\/strong>Americana Restaurants has been downgraded to the Mid Cap Index. The company has been struggling with a slowdown in consumer demand on the back of regional tensions, and the impacts of unfavorable foreign exchange rates. Its net income attributable to shareholders <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0b0631e1-f0bf-4017-82d0-0b97d7720d39\/peak-earnings-season\" style=\"\" rel=\"noopener\">fell 38.8% y-o-y<\/a> in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other joiners:<\/strong> DFM-listed Parkin and Space42 were upgraded to the Mid Cap Index, up from the Small Cap Index previously, and Abu Dhabi National Hotels and Gulf Navigation Holding were added to the Small Cap Index, as well as the All Cap. The micro-cap index also saw the addition of: Bank of Sharjah, Deyaar Development, ESG Stallions Emirates, Julphar, Investcorp Capital, Invictus Investment, RAK Ceramics, Taaleem Holding, and Waha Capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The changes will come into effect <\/strong>on Monday, 24 March. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#1- Abu Dhabi\u2019s flagship carrier Etihad Airways is set to pull the <\/strong><strong>trigger on one the region\u2019s most anticipated IPOs this week<\/strong>, in what would be the GCC\u2019s first offering of a major airline in nearly two decades, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/abu-dhabis-etihad-airways-aims-announce-ipo-this-week-sources-2025-02-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing sources it says are familiar with the matter. The IPO should see Etihad\u2019s sole owner \u2014 Abu Dhabi sovereign wealth fund ADQ \u2014 rake in some USD 1 bn in proceeds from the sale of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a1479b87-0fbf-426c-8d61-c329fb0420f9\/etihad-airways-could-hit-the-adx-before-the-end-of-february--ceo\" style=\"\" rel=\"noopener\">a 20% stake<\/a> by selling new shares on the ADX. The move would give the airline an implied market cap of USD 5 bn at listing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad reportedly kicked off a roadshow last month<\/strong>, to sound out investors for its proposed IPO. While the offering 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>, the airline\u2019s FY 2024 results \u2014 which were published late last week \u2014 along with geopolitical uncertainties were said to have weighed on the timing. The ADQ-backed carrier\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/303db5cb-ecfd-4563-bb5a-9faccc561e8a\/%253cmark%253eetihad%253c%2Fmark%253e-airways%25e2%2580%2599-net-income-triples-in-2024\" style=\"\" rel=\"noopener\">net income<\/a> tripled last year to AED 1.7 bn, while revenues were up 25% to AED 25.3 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>ADQ reportedly tapped Abu Dhabi Commercial Bank, Bank of America, BNP Paribas, and Morgan Stanley as joint bookrunners for the IPO, with HSBC Holdings, First Abu Dhabi Bank (FAB) and Citigroup said to be acting as financial advisors.<\/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> #2- The UAE is exploring investments in key sectors in Kerala<\/strong>, including healthcare, tourism, food processing, and technology, Economy Minister Abdulla bin Touq Al Marri said during the Invest Kerala Global Summit, <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/economy\/news\/uae-eyes-to-invest-in-tourism-healthcare-in-kerala-says-minister-125022300287_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, UAE-based logistics firm Sharaf Group will invest INR 5k crore (c. AED 2.1 bn) in logistics and shipping in the next five years in Kerala<\/strong>, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/transportation\/shipping-\/-transport\/uae-based-sharaf-group-announces-rs-5000-cr-investment-in-kerala\/articleshow\/118479850.cms?from=mdr\" style=\"\" rel=\"noopener\">The Economic Times<\/a> reports, citing the group\u2019s Vice Chairman Sharafuddin Sharaf. The investments will go into two dry ports, with the locations to be determined after discussions with the state\u2019s government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- India and UAE plan to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6a1be6c4-8f28-46d1-9f52-2fab59f78134\/this-morning:-france,-uae-to-invest-in-ai-as-part-of-planned-strategic-partnership\" style=\"\" rel=\"noopener\">expand their 10-year trade agreement<\/a><\/strong><strong> to include eight new sectors<\/strong>, as they aim for upwards of USD 100 bn in annual bilateral trade. The new sectors will include AI, financial services, digital technologies, and logistics. Last year, India and the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a74b31fb-a0cb-4ff4-9afc-32dbb0b029ef\/uae-%2B-india-ink-pact-on-trans-continental-trade-route\" style=\"\" rel=\"noopener\">inked several agreements<\/a> on bilateral trade, including setting up a multi-modal trade corridor and increasing investment and cooperation across major sectors including energy and technology.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Mubadala-owned Spanish oil company Moeve returned to the blac<\/strong><strong>k in 2024<\/strong>, reporting a net income of EUR 92 mn after a EUR 233 mn loss in 2023, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/spains-moeve-swings-profit-2025-02-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The rebound was driven by a 75% earnings surge in its energy division and a 14% rise in chemicals, fueled by higher demand for products like acetone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company has been shifting toward low-carbon energy under a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f24d7fed-e46d-49f2-b102-e41c95d219c0\/this-morning:-adgm-proposes-tightened-banking-regs-%2B-ewec-receives-proposals-for-khazna-solar-plant\" style=\"\" rel=\"noopener\">EUR 8 bn transition plan<\/a><\/strong>, selling 70% of its oil production assets since 2022. Strong cash generation enabled Moeve to more than double its sustainable capex to advance key projects, including a EUR 1.2 bn biofuels plant and a 2-GW green hydrogen initiative, CEO Maarten Wetselaar said.<\/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- Dewa invites proposals for new solar and BESS project: <\/strong>The Dubai Electricity and Water Authority (Dewa) has invited expressions of interest (EOI) for the 1.6 GW seventh phase of the Mohammed Bin Rashid Al Maktoum Solar Park, along with a 1 GW battery energy storage system (BESS), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2425.pdf\" style=\"\" rel=\"noopener\">public notice (pdf)<\/a> on Tuesday. Dewa will purchase power from the project \u2014 which will be developed under an Independent Power Project model \u2014 under a long-term power purchase agreement (PPA). The deadline for EOI submissions is 21 March and commissioning is slated for August 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9cb24fe-8f85-47f7-a5ec-b847bb2a4435\/dubai-to-build-1.6-gw-solar-facility-with-bess\" style=\"\" rel=\"noopener\">appointed<\/a> a Deloitte-led consortium as the consultant for the project last week, which will handle the tender documents, design, submissions management, commercial negotiations, financial structuring, and PPAs, as well as reaching financial close. <\/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- <\/strong><strong>FAB\u2019s <\/strong><strong>End of Service Benefits Funds get the final green light:<\/strong> First Abu Dhabi Bank (FAB) has received final approval from the Human Resources and Emiratization Ministry and the Securities and Commodities Authority to launch its FAB End of Service Benefits (EOSB) Funds, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bidpi0w-fab-end-service-benefits-funds-secure-final\" style=\"\" rel=\"noopener\">Wam<\/a> reports. These funds will be available to all private-sector entities, enabling businesses to invest and improve employees\u2019 EOSB under the UAE\u2019s new Alternative EOSB Savings Scheme. FAB received its preliminary approval from the UAE\u2019s government in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e582d7bd-9756-41bf-afa9-d76c527050e8\/this-morning:-lulu-retail-to-debut-on-adx-%2B-abu-dhabi-to-acquire-pakistani-airline%3F\" style=\"\" rel=\"noopener\">November 2024<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bank has introduced a digital platform integrated with the UAE Savings Scheme<\/strong> that allows businesses to manage EOSB contributions and track investments. It partnered with several companies to develop the platform, including Apex Group for fund administration, Aurem for technology, and Deutsche Bank Securities for custody services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FAB\u2019s EOSB currently offers two capital-protected investment options managed by FAB Asset Management<\/strong>. The options include conventional investment in money market instruments and investments that adhere to Islamic finance principles. Additional risk-based investment options, including both conventional and Sharia-compliant strategies, will be introduced soon.<\/p>\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>There\u2019s a new<\/strong><strong> taxi booking service in Sharjah:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.sam.ae\/\" style=\"\" rel=\"noopener\">Sharjah Asset Management<\/a> launched the pilot phase of the emirate\u2019s first digital taxi booking service, available through the Yango app, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/r\/12HTEVoqvS7\/\" style=\"\" rel=\"noopener\">social media<\/a><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/r\/12HTEVoqvS7\/\" style=\"\" rel=\"noopener\">post<\/a>. The testing stage will see 500 Sharjah taxis available for booking on the platform, <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4554812\/-%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9-%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%A3%D8%B5%D9%88%D9%84--%D8%AA%D8%B7%D9%84%D9%82-%D8%A3%D9%88%D9%84-%D8%AE%D8%AF%D9%85%D8%A9-%D8%B1%D9%82%D9%85%D9%8A%D8%A9-%D9%84%D8%AD%D8%AC%D8%B2-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%A8%D8%A7%D8%AA-%D9%81%D9%8A\" style=\"\" rel=\"noopener\">Al Etihad<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The minimum <\/strong><strong>you can top up your Nol Card at vending machines will be upped to <\/strong><strong>AED 20 from 1 March<\/strong>, up from AED 5 previously, Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home?lang=ar\" style=\"\" rel=\"noopener\">Roads and Transport Authority<\/a> (RTA) said in a <a target=\"_blank\" href=\"https:\/\/x.com\/rta_dubai\/status\/1894405428592701682\" style=\"\" rel=\"noopener\">post on X<\/a>. <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15flbi1-dewa-organises-2nd-cycle-cleantech-innovators\" style=\"\" rel=\"noopener\">The CleanTech Innovators Exhibition<\/a><\/strong><strong>\u2019s second cycle will wrap today<\/strong> at the Sustainability and Innovation Center of Dubai Electricity and Water Authority (DEWA), as part of <a target=\"_blank\" href=\"https:\/\/uaeinnovates.gov.ae\/\" style=\"\" rel=\"noopener\">UAE Innovates 2025<\/a>, which started at the beginning of the month. The event will showcase the latest technologies in green hydrogen, sustainability, digital transformation, AI, solar power, and energy storage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A Dubai government delegation is on its four-day visit to Shenzhen, China<\/strong>, organized by the emirate\u2019s executive office and Dubai Chambers, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bicin4i-dubai-government-delegation-visit-shenzhen\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The group will meet public and private sector leaders and tour institutions specializing in technology, innovation, digital economy, urban planning, and sustainability. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agenda includes<\/strong> meetings with officials from the Shenzhen Stock Exchange to boost financial cooperation; a meeting with Shenzhen Capital Group to strengthen SME ties; one with Tencent to explore digital transformation cooperation; and another with Huawei to discuss smart government solutions and BYD. It will also aim to attract Chinese multinationals and unicorns to Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\" rel=\"noopener\">Connecting Hydrogen MENA<\/a><\/strong><strong> will wrap up today <\/strong>at Madinat Jumeirah Conference Center in Dubai. The event features more than 50 sessions and 200 speakers, set to discuss clean hydrogen and ammonia. It includes networking activities and a MENA hydrogen exhibition showcasing technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaistemcellcongress.com\/\" style=\"\" rel=\"noopener\">The Dubai Stem Cell Congress<\/a><\/strong><strong>, organized by the First Stem Cell and Genomics <\/strong><strong>Laboratory (FSG) with the support of the Dubai Health Authority, is on its second and final day today<\/strong> at the Ritz-Carlton, Dubai International Financial Center. The event brings together up to 500 delegates, including medical professionals, technologists, oncologists, and specialists, as well as 25 international speakers. This year\u2019s theme is Bridging the Future, focusing on the latest advancements in stem cell research and regenerative medicine. <\/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:\/\/investopia.ae\/events\/investopia-2025\/\" style=\"\" rel=\"noopener\">Investopia 2025<\/a><\/strong><strong>will kick off today and wrap up tomorrow <\/strong>at the St. Regis Saadiyat in Abu Dhabi. The event features over 100 speakers, including government officials, investors, entrepreneurs, economists, and major investment funds from 20 countries. It will host 2k participants and representatives from global financial and economic institutions.<\/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>Ukraine has reportedly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/02\/25\/ukraine-minerals-deal-trump-zelensky\/\" style=\"\" rel=\"noopener\">agreed to a framework<\/a><\/strong><strong> for an economic agreement that will see the US tap its revenues from rare minerals<\/strong>. US President Trump \u2014 who pushed hard for the agreement with personal attacks on his counterpart Volodymyr Zelensky \u2014 <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/25\/world\/europe\/ukraine-minerals-deal.html\" style=\"\" rel=\"noopener\">had earlier hinted<\/a> the Ukrainian President could arrive in Washington as soon as Friday to sign the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump is active as usual: <\/strong>The US president also signed an order yesterday to examine <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-25\/trump-to-probe-copper-tariffs-opening-door-to-new-levy-on-metal\" style=\"\" rel=\"noopener\">tariffs on copper<\/a>, and said he will introduce <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-end-eb-5-immigrant-investor-visa-program-2025-02-25\/\" style=\"\" rel=\"noopener\">a \u201cgold card\u201d visa program<\/a> that provides a route to US citizenship for the low price of USD 5 mn. Meanwhile, his controversial USD 4.5 tn tax cut plan <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-house-republicans-set-vote-trumps-tax-cut-agenda-2025-02-25\/\" style=\"\" rel=\"noopener\">narrowly passed the House<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING-<\/strong><\/p>\n<ul>\n<li><strong>Israel and Hamas will exchange four dead Israelis for hundreds of Palestinians<\/strong>, temporarily saving the ceasefire. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-hamas-hostages-ceasefire-witkoff-a291db865dfd730c62e343e352cac94f\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/li>\n<li><strong>Tesla shares dropped 8%<\/strong>, with its market cap falling below USD 1 tn, wiping most gains since Trump\u2019s election. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/25\/teslas-market-cap-sinks-below-1-trillion-as-stock-falls-more-than-9percent.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul>\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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics-and-services\/\">Adnoc Logistics and Services<\/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                            <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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/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=\"101095\" 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=\"101095\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/adx-launches-new-market-infrastructure-with-two-clearance-and-depository-subsidiaries\/\">\r\n                            ADX launches new market infrastructure with two clearance and depository subsidiaries                        <\/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\/26\/adx-launches-new-market-infrastructure-with-two-clearance-and-depository-subsidiaries\/\" target=\"_blank\">\n                  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href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/adx-launches-new-market-infrastructure-with-two-clearance-and-depository-subsidiaries\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101096\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/adx-launches-new-market-infrastructure-with-two-clearance-and-depository-subsidiaries\/851-jpg-29\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"851.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101095\" class=\"content-area-description single-story post-101095 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-adx tag-capital-markets tag-enterpriseam-uae tag-ipo tag-nasdaq 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\/.975e2c66-5f1d-401a-a48a-24f498c3066c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADX overhauls market infrastructure with new group + post-trade units: <\/strong>Abu Dhabi Securities Exchange (ADX) launched a new holding structure, <a target=\"_blank\" href=\"https:\/\/adxgroups.com\/\" style=\"\" rel=\"noopener\">ADX Group<\/a>, to oversee its capital markets\u2019 infrastructure, in a bid to modernize the way trades are cleared, settled and stored on the exchange, it said in a <a target=\"_blank\" href=\"https:\/\/www.adx.ae\/about-adx\/media\/adx-news\/adx-unveils-the-adx-group\" style=\"\" rel=\"noopener\">statement<\/a>. This includes the launch of two new post-trade units: its clearinghouse, Abu Dhabi Clear (AD Clear), and its settlement hub Abu Dhabi Central Securities Depository (AD CSD). The move aims to deepen market liquidity, attract foreign institutional capital, and streamline market operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s who? <\/strong>AD Clear will function as the ADX\u2019s central counterparty clearinghouse with the aim of reducing counterparty risk and facilitating settlement mechanisms, while AD CSD will manage and run the securities depository and custody services for the exchange along with processing corporate actions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cOur enhanced trading system aims to increase resilience and performance by 400%, reinforcing the emirate\u2019s position as a global financial hub,\u201d the group\u2019s CEO Abdulla Salem Alnuaimi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX tapped Nasdaq for the upgrade: <\/strong>Nasdaq is delivering a core platform upgrade (CPU) responsible for modernizing the ADX\u2019s trading, clearing and post-trade services. The upgrade integrates multiple asset classes (including ETFs, debt instruments, and derivatives) into a single platform and introduces new order types for greater flexibility. The ADX has also introduced new messaging protocols, a new customer management system, an upgraded corporate website, and a mobile app. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The launch comes amid surging trading volumes on the ADX<\/strong>, with daily transactions rising 27.5% YTD, Alnuaimi said in <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bidphs1-adx-daily-trading-volumes-275-since-start-2025\" style=\"\" rel=\"noopener\">a separate statement<\/a> to state news agency Wam. The exchange has also recorded a 30% increase in the number of investors since the start of 2025, reflecting growing confidence in the UAE\u2019s capital markets.\u201dWe have the most active ETF market in the region and the most active derivatives market in the region, which saw a significant 150% increase last year,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX aims to<\/strong><strong> be among the top ten stock exchanges globally<\/strong> in the next few years in terms of market value, Alnuaimi said whilst speaking to <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4554771\/-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D9%84%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9--%D9%8A%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A7%D9%84%D8%A7%D9%86%D8%B6%D9%85%D8%A7%D9%85-%D9%84%D9%82%D8%A7%D8%A6%D9%85%D8%A9-%D8%A3%D9%83%D8%A8%D8%B1-10-%D8%A8%D9%88%D8%B1%D8%B5\" style=\"\" rel=\"noopener\">Al Etihad<\/a>. It currently sits at 18th in the rankings with a AED 2.9 tn in market value. The new group, along with profitability of listed companies, active trading activity, and streamlined operations, put the exchange in good stead for its goal, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The ADX has a strong IPO pipeline this quarter<\/strong>, with Etihad Airways likely pulling the trigger on its highly anticipated IPO this week, while Alpha Data is set to start trading on the bourse in March.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nasdaq\/\">Nasdaq<\/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=\"101097\" 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=\"101097\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/\">\r\n                            Ambrosia acquires 50% of Allied\u2019s Mali gold mines                        <\/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\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/\" 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\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/')\">\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\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/\">\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=Ambrosia acquires 50% of Allied\u2019s Mali gold mines&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/\">\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\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/&title=Ambrosia acquires 50% of Allied\u2019s Mali gold mines\">\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=Ambrosia+acquires+50%25+of+Allied%E2%80%99s+Mali+gold+mines+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F26%2Fambrosia-acquires-50-of-allieds-mali-gold-mines%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\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2493.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101098\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/ambrosia-acquires-50-of-allieds-mali-gold-mines\/2493-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2493.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2493.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2493.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2493.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101097\" class=\"content-area-description single-story post-101097 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-ambrosia-investments tag-enterpriseam-uae tag-investment-watch tag-ma tag-mining 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\/.137c7598-efa0-4354-9953-2d75b2c2501a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE-b<\/strong><strong>ased investment fund <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ambrosiainv.com\/\" style=\"\" rel=\"noopener\">Ambrosia Investments<\/a><\/strong><strong> will acquire a 50% stake <\/strong><strong>in Canadian gold <\/strong><strong>mining firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alliedgold.com\/overview\/default.aspx\" style=\"\" rel=\"noopener\">Allied Gold Corporation<\/a><\/strong><strong>\u2019s operations in Mali<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2480.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The agreement had an aggregate value of USD 500 mn, including a USD 250 mn upfront cash-consideration, and will go towards the expansion of Allied Gold\u2019s Sadiola mine in Mali and the development of the Kurmuk project in Ethiopia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The partnership will see Allied issue Ambrosia 46 mn shares \u2014 approximately 12% of its issued and outstanding shares \u2014 on a private placement basis at CAD 3.40 (c. USD 2.40) apiece. The aggregate proceeds of CAD 156.6 mn (ca. USD 190.5 mn) will be used to fund Sadiola\u2019s expansion. Some USD 375 mn will go towards the acquisition of a stake in a joint venture with Allied to govern the mine, while USD 110 mn will go towards acquiring a 12% stake in the parent company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Emirati firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/atgc-uae.com\/\" style=\"\" rel=\"noopener\">ATGC<\/a><\/strong><strong> will also provide energy to the Allied\u2019s Sadiola gold mine<\/strong> in Mali starting next summer and for the next 12 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Allied\u2019s ambitions: <\/strong>The investment comes as Allied looks to expand extraction from the Sadiola mine to 400k ounces per year, and open the Kurmuk gold mine in Ethiopia which is set to be operational during the middle of next year and produce 290k ounces of gold per year during the first four years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the partnership: <\/strong>The acquisition came on the back of \u201cthe commitment of the government of The United Arab Emirates in Africa at large,\u201d Allied CEO Peter Marrone said. The development is a vote of confidence for Mali mines after government policy caused difficulties for extracting companies in the country, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8f5515b8-12f6-4a74-86f1-8f30873da0c4\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Allied is eyei<\/strong><strong>ng a listing on the New York Stock Exchange this year<\/strong>, and is expecting a decision on its application during 1H this year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-25\/canada-s-allied-gold-seeks-listing-on-new-york-stock-exchange\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing CEO Peter Marrone. The business information service noted a trend of gold equity players looking to the city on the back of big ticket agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mining has drawn increasing Emirati interest recently<\/strong>, with the formation of the ADQ-Orion USD 1.2 bn JV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42935c0b-6021-4438-94fc-84c28d26c490\/adq,%253cmark%253e-orion%253c%2Fmark%253e-launch-usd-1.2-bn-jv-for-critical-minerals\" style=\"\" rel=\"noopener\">last month<\/a> and Abu Dhabi\u2019s International Resources Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/623d995e-497d-4cbb-bfce-d7bc097abe3f\/this-morning:-mubadala-to-restructure-getir-%2B-uae,-russia-move-closer-to-double-taxation-avoidance-agreement\" style=\"\" rel=\"noopener\">upping production<\/a> by 32% at its Zambian mining site.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Stifel Nicolaus Canada and National Bank Financial were Allied\u2019s financial advisors, whilst Cassels Brock & Blackwell and Hogan Lovells International provided legal counsel. Ambrosia tapped SCP Resource Finance for financial advice and A&O Shearman and McCArthy T\u00e9trault for legal counsel.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ambrosia-investments\/\">Ambrosia Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mining\/\">mining<\/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=\"101099 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=\"101099\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/101099-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101099\" class=\"content-area-description single-story post-101099 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:\/\/www.mashreq.com\/en\/uae\/about-us\/our-company\/awards-accolades\/euromoney-best-trade-finance-bank-2025\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2421.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101100\" 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=\"101100\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/multiply-acquires-67-9-of-spanish-retail-group\/\">\r\n                            Multiply acquires 67.9% of Spanish retail group                        <\/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\/26\/multiply-acquires-67-9-of-spanish-retail-group\/\" 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\/26\/multiply-acquires-67-9-of-spanish-retail-group\/')\">\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\/26\/multiply-acquires-67-9-of-spanish-retail-group\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Multiply acquires 67.9% of Spanish retail group&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/multiply-acquires-67-9-of-spanish-retail-group\/\">\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\/26\/multiply-acquires-67-9-of-spanish-retail-group\/&title=Multiply acquires 67.9% of Spanish retail group\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Multiply+acquires+67.9%25+of+Spanish+retail+group+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F26%2Fmultiply-acquires-67-9-of-spanish-retail-group%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\/26\/multiply-acquires-67-9-of-spanish-retail-group\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2491.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101101\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/multiply-acquires-67-9-of-spanish-retail-group\/2491-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2491.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2491.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2491.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2491.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101100\" class=\"content-area-description single-story post-101100 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-food-and-beverage tag-ma tag-ma-watch tag-multiply-group wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.7336a237-2e67-4201-baf4-c98d833c69ae.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dha<\/strong><strong>bi-based investment firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/multiply.ae\/\" style=\"\" rel=\"noopener\">Multiply Group<\/a><\/strong><strong> acquired a 67.91% stake in <\/strong><strong>Spanish fashion retail group<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.tendam.es\/en\/\" style=\"\" rel=\"noopener\">Tendam<\/a><\/strong>, they said in a <a target=\"_blank\" href=\"https:\/\/multiply.ae\/news-insights\/news\/multiply-group-signs-landmark-investment-cvc-and-pai-partners\" style=\"\" rel=\"noopener\">joint statement<\/a>. Multiply acquired the stake in Castellano Investments, Tendam\u2019s parent company, through a capital increase. The acquisition marks its first major investment in Europe, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It is now the majority shareholder <\/strong>along with CVC Funds and PAI Partners, however the value of the acquisition, which is subject to regulatory approval, was not disclosed in the company statement. Spanish outlet <a target=\"_blank\" href=\"https:\/\/www.expansion.com\/empresas\/distribucion\/2025\/02\/25\/67bdab45e5fdea320b8b4574.html\" style=\"\" rel=\"noopener\">Expansion<\/a> said the company \u2014 which owns brands like Women\u2019s Secret, Springfield, and Cortefiel \u2014 was valued at EUR 1 bn in the transaction. CVC and PAI previously owned nearly 50% of the company each, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/too-much-market-uncertainty-spain-ipo-tendam-ceo-says-2024-10-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Post-acquisition, Multiply will be the anchor for Tendam\u2019s international expansion and development of an omnichannel system. The statement said Tendam has been growing its market footprint, bringing in sales of EUR 1.4 bn y-o-y at the end of last month, though Tandem postponed plans last summer for an IPO scheduled for last month due to the effect of political instability on the stock market and market uncertainty, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/too-much-market-uncertainty-spain-ipo-tendam-ceo-says-2024-10-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Multiply embarked on an acquisition spree last year<\/strong>, acquiring a 51% stake in Excellence Premier Investment through its subsidiary <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b097cc9-51f2-474c-b75e-dd5946ee2260\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\" style=\"\" rel=\"noopener\">in July<\/a>, 100% of The Grooming Company Holding (TGCH) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2e505a05-29d4-4e6f-bb0e-cd1a4f5070df\/%253cmark%253emultiply%253c%2Fmark%253e%25e2%2580%2599s-omorfia-takes-over-sisters-and-n.bar-owner-the-grooming-company\" style=\"\" rel=\"noopener\">in June<\/a>, and 100% of advertising company BlackLite Media at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ca7b2a6-841f-4493-811f-a1e71b4ab02d\/%253cmark%253emultiply%253c%2Fmark%253e-group-acquires-blacklite-media-ahead-of-potential-ipo\" style=\"\" rel=\"noopener\">start of the year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Greenhill, Hogan Lovells and KMPG advised Multiply, whilst Uria Menendez advised Castellano Investments. Ram\u00f3n Hermosilla, Abogados and Lathan & Watkins were legal advisors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER M&A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-base<\/strong><strong>d food and beverage group <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.epikfoods.com\/\" style=\"\" rel=\"noopener\">Epik Foods<\/a><\/strong><strong> acquired Dubai-based deli <\/strong><strong><a target=\"_blank\" href=\"https:\/\/1762.ae\/\" style=\"\" rel=\"noopener\">1762<\/a><\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/epik-foods-acquires-1762-to-expand-its-portfolio-of-gourmet-f-and-b-concepts-m09zyogu\" style=\"\" rel=\"noopener\">press release<\/a>. The acquisition comes within Epik Foods\u2019 expansion and diversification trajectory which includes plans to add 20 more locations to its existing 50 strong location footprint, operating over 60 brands. 1762 will retain its branding and Epik Foods will provide operational and strategic support.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Epik Foods secured USD 15.5 mn in private capital funding from Ruya Partners <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/05b46ca0-89a7-45fa-b87f-0d90ebcbe87a\/%253cmark%253eepik%253c%2Fmark%253e-foods-secures-usd-15.5-mn-funding-from-ruya-partners\" style=\"\" rel=\"noopener\">last November<\/a> to scale its operations. It also expanded its operations into Saudi Arabia <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/85432d37-1a1c-410f-b4c4-a2869ac3a460\/cma-cgm-is-getting-green-fuels-from-masdar-%2B-emirates-signs-on-for-more-saf\" style=\"\" rel=\"noopener\">earlier that year<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/multiply-group\/\">Multiply Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101102\" 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=\"101102\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/\">\r\n                            e&amp; sells stake in Khazna, while MGX buys in                        <\/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\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/\" 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\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/')\">\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\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/\">\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=e&#038; sells stake in Khazna, while MGX buys in&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/\">\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\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/&title=e&#038; sells stake in Khazna, while MGX buys in\">\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=e%26%23038%3B+sells+stake+in+Khazna%2C+while+MGX+buys+in+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F26%2Fe-sells-stake-in-khazna-while-mgx-buys-in%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\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101103\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/e-sells-stake-in-khazna-while-mgx-buys-in\/2489-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2489.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101102\" class=\"content-area-description single-story post-101102 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-e tag-enterpriseam-uae tag-g42 tag-khazna tag-ma-watch tag-mgx tag-tech tag-telecoms 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\/.b77c5782-3f1d-4c1d-b7ab-4435af46bbca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>e& sells Khazn<\/strong><strong>a stake for USD 2.2 bn:<\/strong> Telecom company e&\u2019s board approved the sale of its stake in <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/companies\/khazna-data-centers\" style=\"\" rel=\"noopener\">Khazna Data Centers<\/a> for USD 2.2 bn in a binding agreement with state AI firm and Khazna majority shareholder G42, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2508.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The proceeds, estimated at USD 1.4 bn before tax, will reduce e&\u2019s debt and strengthen its credit profile. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not completely out: <\/strong>The telecoms giant will continue to be a \u201cstrategic partner\u201d and a major tenant of Khazna\u2019s, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s in?<\/strong> Abu Dhabi\u2019s AI fund MGX and private equity firm Silver Lake now own minority stakes in the company, alongside majority shareholder G42, the company confirmed in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/khaznadatacenters_aipoweredbykhazna-wearekhazna-mgx-activity-7300160854136659970-lQ7a\/\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. The transaction is set to close before the end of March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>In 2022 e& acquired the 40% equity stake in the data center designer and operator, which has ambitions to develop the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-the-uae%25e2%2580%2599s-largest-data-center\" style=\"\" rel=\"noopener\">largest data center<\/a> in Ajman with a 100 MW capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Separately, e&\u2019s board approved plans to distribute <\/strong><strong>AED 3.6 bn <\/strong><strong>in dividends for 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2512.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/g42\/\">G42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/khazna\/\">Khazna<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mgx\/\">MGX<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/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=\"101104\" 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=\"101104\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/emirates-nbd-to-become-sole-owner-of-eib-ahead-of-delisting-the-islamic-bank-from-dfm\/\">\r\n                            Emirates NBD to become sole owner of EIB ahead of delisting the Islamic bank from DFM                        <\/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\/26\/emirates-nbd-to-become-sole-owner-of-eib-ahead-of-delisting-the-islamic-bank-from-dfm\/\" 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 offer closes on Tuesday, 27 March. The lender said it plans to enlist a financial advisor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s business as usual for EIB: <\/strong>Despite the delisting, EIB will continue to operate independently, retaining its commercial registration and trade name, the parent company confirmed. EIB\u2019s business operations will also remain unchanged following the transaction. No foreigners are allowed to hold shares in EIB, according to the DFM website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market r<\/strong><strong>eax<\/strong><strong>: <\/strong>EIB shares remained unchanged at AED 11.95 apiece on yesterday\u2019s close.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER ENBD NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates<\/strong><strong> NBD\u2019s shareholders approved the establishment of a new debt program worth up to USD 10 bn<\/strong>, allowing the bank to diversify its funding sources and enhance liquidity management, according to a DFM <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2437.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The program will enable the issuance of bonds, sukuk, and other debt instruments across multiple markets, supporting expansion and capital optimization efforts. The program may also include up to USD 2 bn in capital instrument issuances. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, <\/strong><strong>Emirates<\/strong><strong>Islamic\u2019s shareholders agreed to up the size of the bank\u2019s sukuk program to USD 4 bn<\/strong>, up from USD 2.5 bn previously, according to a separate DFM <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2499.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The update allows EIB to issue shariah-compliant instruments<\/strong>, including sukuk and structured certificates, under new and existing funding frameworks. The bank also secured authorization to establish special purpose vehicles for sukuk issuance and undertake liability management exercises, such as buybacks and exchange offers. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/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\/financial-markets\/\">Financial markets<\/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=\"101106\" 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=\"101106\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/\">\r\n                            UAE, Italy strengthen investment ties with three new MoUs                        <\/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\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/\" 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\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/')\">\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\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/\">\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=UAE, Italy strengthen investment ties with three new MoUs&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/\">\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\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/&title=UAE, Italy strengthen investment ties with three new MoUs\">\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=UAE%2C+Italy+strengthen+investment+ties+with+three+new+MoUs+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F26%2Fuae-italy-strengthen-investment-ties-with-three-new-mous%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\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2487.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101107\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/2487-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2487.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2487.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2487.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2487.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101106\" class=\"content-area-description single-story post-101106 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-amea-power tag-artificial-intelligence tag-data-centers tag-enterpriseam-uae tag-investment tag-investment-watch tag-italy tag-uae-italy-relations 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\/.2f0bf789-b143-451e-a98b-93790482a6c9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>Investment Ministry signed three new MoUs with Italy<\/strong> to expand cooperation in pharma, minerals, and digital infrastructure, particularly in data centers and AI, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/article\/bid42zd-uae-italy-sign-three-investment-memoranda\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreements are part of the UAE\u2019s recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74ac75f0-e31a-41c3-b2e8-c6e11d7099c5\/uae-to-invest-usd-40-bn-in-italy-across-key-sectors\" style=\"\" rel=\"noopener\">USD 40 bn<\/a> investment pledge in Italy, and aim to boost investment collaboration, innovation, and economic diversification in both countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74ac75f0-e31a-41c3-b2e8-c6e11d7099c5\/uae-to-invest-usd-40-bn-in-italy-across-key-sectors\" style=\"\" rel=\"noopener\">Earlier this week<\/a>, UAE President Mohamed bin Zayed Al Nahyan met with Italian Prime Minister Giorgia Meloni in Rome, where the UAE committed USD 40 bn in investments across key sectors. The two nations signed over 40 agreements spanning data centers, AI, energy, critical minerals, defense technology, cybersecurity, and healthcare.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rundown of the new agreements:<\/strong><\/p>\n<ul>\n<li><strong>#1- Pharma and biotechnology:<\/strong> The UAE and Italy will enhance cooperation in biotechnology, vaccine production, R&D, and regulatory policy\u2014with a focus on oncology, cardiovascular diseases, immunology, and rare diseases. AI will play a key role in optimizing drug testing and production.<\/li>\n<li><strong>#2- Sustainable minerals development: <\/strong>A five-year MoU will drive collaboration in sustainable mining, covering exploration, extraction, processing, recycling, and workforce training. The agreement promotes responsible mineral sector governance and seeks to attract investment across the mineral value chain.<\/li>\n<li><strong>#3- Data centers and AI expansion: <\/strong>The UAE and Italy will invest in green data centers \u2014 targeting up to 2 GW of capacity \u2014 and explore Virtual Data Embassies to strengthen cross-border data resilience. Leading companies MGX, G42, Khazna, and Eni will drive investment in cloud services, AI infrastructure, and talent development in high-performance computing.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- More renewables cooperation ahead: <\/strong>Italy\u2019s state-owned export credit agency Sace signed USD 350 mn worth of agreements with two UAE firms to support renewable energy, water infrastructure, and sustainability projects in Africa, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/italys-sace-to-provide-350mln-to-two-uae-companies-for-africa-infrastructure-projects-x6wldrfk\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. Signed at the Italy-UAE Business Forum in Rome, the agreements will boost Italian exports to Africa and the UAE while supporting Italian companies\u2019 global expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Amea Power will receive USD 250 mn for renewable energy production, desalination, green ammonia, and green hydrogen projects, while Metito Utilities will get USD 100 mn for water supply, desalination, wastewater treatment, irrigation, and waste-to-energy initiatives across Africa, the UAE, and other key markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>Sharjah Research, Technology, and Innovation Park (SRTI Park) inked three MoUs with leading Italian institutions to attract 100 Italian startups and SMEs to its ecosystem by 2028, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bidpi13-srti-park-italian-institutions-sign-pact-attract\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreements include:<\/p>\n<ul>\n<li><strong>Kilometro Rosso<\/strong> will support 20 startups and 10 research projects in robotics, new materials, and health sciences.<\/li>\n<li><strong>Italiacamp <\/strong>will help more than 50 mature tech startups expand in healthcare, sustainability, and advanced manufacturing.<\/li>\n<li><strong>Andersen Italy<\/strong> will bring 30 SMEs focused on AI, waste management, food security, and automation.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/amea-power\/\">AMEA Power<\/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\/data-centers\/\">Data centers<\/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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-italy-relations\/\">UAE-Italy relations<\/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=\"101108\" 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=\"101108\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/\">\r\n                            Flow48 raises USD 69 mn Series A funding round to expand SME lending                        <\/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\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/\" 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\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/')\">\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\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/\">\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=Flow48 raises USD 69 mn Series A funding round to expand SME lending&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/\">\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\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/&title=Flow48 raises USD 69 mn Series A funding round to expand SME lending\">\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=Flow48+raises+USD+69+mn+Series+A+funding+round+to+expand+SME+lending+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F26%2Fflow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending%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\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2418.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101109\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/flow48-raises-usd-69-mn-series-a-funding-round-to-expand-sme-lending\/2418-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2418.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2418.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2418.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2418.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101108\" class=\"content-area-description single-story post-101108 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-fintech tag-startup-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\/.1cc7f188-86ff-403d-93c9-5bb7e40ef5e9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fintech <\/strong><strong>startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/flow48.com\/\" style=\"\" rel=\"noopener\">Flow48<\/a><\/strong><strong> secured USD 69 mn in a Series A funding<\/strong><strong> round<\/strong> to expand its revenue-based financing platform for small and medium-sized enterprises (SMEs) in emerging markets, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2416.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The round was a combination of debt and equity, and was led by French VC firm <a target=\"_blank\" href=\"https:\/\/www.breega.com\/\" style=\"\" rel=\"noopener\">Breega<\/a>, with participation from <a target=\"_blank\" href=\"https:\/\/212.vc\/\" style=\"\" rel=\"noopener\">212<\/a>, <a target=\"_blank\" href=\"https:\/\/www.speedinvest.com\/\" style=\"\" rel=\"noopener\">Speedinvest<\/a>, <a target=\"_blank\" href=\"https:\/\/www.daphni.com\/\" style=\"\" rel=\"noopener\">Daphni<\/a>, <a target=\"_blank\" href=\"https:\/\/endeavor.org\/catalyst\/\" style=\"\" rel=\"noopener\">Endeavor Catalyst<\/a>, <a target=\"_blank\" href=\"https:\/\/www.evolutionventures.com\/\" style=\"\" rel=\"noopener\">Evolution Ventures<\/a>, and <a target=\"_blank\" href=\"https:\/\/plus.vc\/\" style=\"\" rel=\"noopener\">Plus VC<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the money\u2019s going:<\/strong> Flow48 will use the fresh funds to further scale in the UAE and South Africa, while also expanding into Saudi Arabia. The company will also invest in enhancing its platform, adding new features, integrating alternative data sources, and refining risk assessment tools to offer more tailored financial solutions to SMEs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does Flow 48 do? <\/strong>Co-founded in 2022 by Idriss Al Rifai (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ialrifai\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Karim Khattar (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/karimkhattar\/overlay\/about-this-profile\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Flow48 offers alternative financing solutions for SMEs, using payment data, operational behaviors, and sector insights to convert future revenues into immediate working capital \u2014 without requiring equity dilution or traditional collateral. <\/p>\n<p class=\"tag-border-left\">OTHER STARTUP NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Data <\/strong><strong>management and marketing firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.journify.io\/\" style=\"\" rel=\"noopener\">Journify<\/a><\/strong><strong> secured USD 4 mn in<\/strong><strong> funding<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/02\/journify-raises-4-million-funding-backed-silicon-badia\" style=\"\" rel=\"noopener\">press release<\/a>. The funding round was led by VC firm Silicon Badia, with participation from RZM and other investors. The investment will be used to support the company\u2019s efforts to grow its customer base. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Journify:<\/strong> Founded in 2023 by Taoufik El Jamali (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/taoufik\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Omar Al Shoubaki (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/omaralshoubaki\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), and Amine Chouki (<a target=\"_blank\" href=\"https:\/\/ca.linkedin.com\/in\/aminechouki\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Journify is a SaaS company that uses AI and data analytics to understand consumer behavior and provide marketing solutions to businesses.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101110\" 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=\"101110\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/adsb-appoints-new-senior-hires-fab-eyes-former-citi-vice-chair-dfsa-appoints-new-ceo\/\">\r\n                            ADSB appoints new senior hires + FAB eyes former Citi vice chair, DFSA appoints new CEO                        <\/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\/26\/adsb-appoints-new-senior-hires-fab-eyes-former-citi-vice-chair-dfsa-appoints-new-ceo\/\" target=\"_blank\">\n                    Open in new tab              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           <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2438.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101111\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/adsb-appoints-new-senior-hires-fab-eyes-former-citi-vice-chair-dfsa-appoints-new-ceo\/2438-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2438.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2438.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2438.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2438.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101110\" class=\"content-area-description single-story post-101110 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-defense tag-dfsa tag-edge-group tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-moves 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\/.30a51de8-c258-4661-878e-26a7e86325b3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge Group\u2019s naval arm Abu Dhabi Ship Building (ADS<\/strong><strong>B) made three executive<\/strong><strong> appointments<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2434.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <strong>Francesco Lo Monaco<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/francesco-paolo-lo-monaco-604a074a\/?locale=en_US\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), previously acting CTO, now takes the helm as <strong>CTO<\/strong>, bringing over 20 years of experience in the maritime and defense industries. <strong>Maktoom AlShehhi<\/strong>, (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/maktoom-alshehhi-57a31a223\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) formerly director of MRO services, steps in as <strong>COO<\/strong>, bringing his expertise in maintenance, repair, and operations. <strong>Abdelrahman Al Rousi<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/abdelrahman-alrousi-ab563357\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who served as director of mission systems, is now director of business development. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai<\/strong><strong> Financial Services Authority appointed Mark Steward (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/markrsteward\/?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) a<\/strong><strong>s its <\/strong><strong>new CEO<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.dfsa.ae\/news\/dubai-financial-services-authority-appoints-mark-steward-new-chief-executive\" style=\"\" rel=\"noopener\">press release<\/a>. He was previously an executive director at the UK\u2019s Financial Conduct Authority, and has over 30 years experience of regulation in the financial sectors in Australia, the UK and Hong Kong. Steward will begin the three-year term from 19 May 2025, and succeeds Ian Johnston (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ian-johnston-003291148\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) who held the position for two terms. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong><strong>FAB eyes<\/strong><strong> former Citigroup vice chairman:<\/strong> First Abu Dhabi Bank (FAB) is in talks to hire Linos Lekkas (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/linos-lekkas-6376ba7b\/?originalSubdomain=gr\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), former vice chairman and managing director at <a target=\"_blank\" href=\"https:\/\/www.citigroup.com\/global\" style=\"\" rel=\"noopener\">Citigroup<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-25\/citi-veteran-lekkas-set-for-senior-role-at-first-abu-dhabi-bank?utm_medium=email&utm_source=author_alert&utm_term=250225&utm_campaign=author_21096510&sref=YX0aeoLL&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter. Lekkas, who left Citigroup in May 2024, previously held senior roles at Credit Suisse and Bank of America Merrill Lynch.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfsa\/\">DFSA<\/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\/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\/moves\/\">MOVES<\/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=\"101112\" 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=\"101112\">\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\/26\/burjeel-secures-aed-225-mn-contracts-for-uae-sudan-and-chad-healthcare-facilities\/\">\r\n                            Burjeel secures AED 225 mn contracts for UAE, Sudan and Chad healthcare facilities                        <\/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\/26\/burjeel-secures-aed-225-mn-contracts-for-uae-sudan-and-chad-healthcare-facilities\/\" 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 agreements cover Abu Dhabi Judicial Department (ADJD) Clinics, Khalifa Bin Zayed Al Nahyan Foundation Hospitals, and Adnoc Das Hospital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Burjeel will operate five ADJD clinics in Abu Dhabi and Al Ain, including the construction of a new Al Wathba Clinic. It will also oversee field hospitals in South Sudan (100 beds) and Chad (50 beds) under the Khalifa Foundation, as well as 20 beds at Adnoc Das Hospital on Das Island, providing comprehensive medical services for Adnoc\u2019s workforce.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/palmaholding.com\/our-projects\/\" style=\"\" rel=\"noopener\">Palma<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/palmaholding.com\/our-projects\/\" style=\"\" rel=\"noopener\">Development<\/a><\/strong><strong> launched Se<\/strong><strong>renia District in Jumeirah Islands<\/strong>, a AED 5 bn residential community spanning 600k sq ft with a built-up area of 3.5 mn sq ft, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/palma-development-launches-aed-5bln-serenia-district-at-jumeirah-islands-wo4rhxk3\" style=\"\" rel=\"noopener\">press release<\/a>. The project comprises six integrated towers and lifestyle zones, including the Serenia Signature Clubhouse. The first phase, West Residence, introduces a 46-story tower featuring 419 upscale homes with scenic views.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Richmind enters U<\/strong><strong>AE market: <\/strong>Property developer Richmind, a business vertical of <a target=\"_blank\" href=\"https:\/\/richmindholding.com\/\" style=\"\" rel=\"noopener\">RichMind Holdings<\/a>, is entering the Emirati market with 1k units set to be delivered this year, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/richmind-announces-entry-into-premium-real-estate-development-in-the-uae-umftpqfh\" style=\"\" rel=\"noopener\">press release<\/a>. The first project is set to be at the Al Marjan Island in Ras Al Khaimah, and developed in collaboration with <a target=\"_blank\" href=\"https:\/\/www.zaha-hadid.com\/\" style=\"\" rel=\"noopener\">Zaha Hadid Architects<\/a>.<\/p>\n<p class=\"tag-border-left\">CRYPTO-<br \/><strong>#1- <\/strong><strong>AFS <\/strong><strong>partners with Ternoa to enable stablecoin payments in GCC: <\/strong>Bahraini digital payment solutions provider Arab Financial Services (AFS) partnered with PayFi network <a target=\"_blank\" href=\"https:\/\/www.ternoa.network\/\" style=\"\" rel=\"noopener\">Ternoa Blockchain<\/a> to introduce stablecoin payments for merchants across the UAE and the wider Gulf Cooperation Council (GCC) region, according to a company <a target=\"_blank\" href=\"https:\/\/www.afs.com.bh\/en\/news\/afs-partners-with-ternoa-athar-to-pioneer-crypto-payments-across-gcc\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The partnership will leverage Ternoa\u2019s Athar, a decentralized consumer finance protocol, to facilitate secure and cost-efficient cryptocurrency transactions at point-of-sale (POS) terminals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Circle\u2019s<\/strong><strong> USDC and EURC gain regulatory approval in DIFC:<\/strong> Payment technology company <a target=\"_blank\" href=\"https:\/\/www.circle.com\/\" style=\"\" rel=\"noopener\">Circle Internet Financial<\/a> secured approval from the Dubai Financial Services Authority (DFSA) to have its USDC and EURC stablecoins recognized as crypto tokens in the Dubai International Financial Centre (DIFC), according to a <a target=\"_blank\" href=\"https:\/\/www.circle.com\/pressroom\/usdc-and-eurc-become-first-stablecoins-recognized-by-dubai-international-financial-centre\" 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>Why it matters: <\/strong>This is the first time stablecoins have been approved under the DIFC\u2019s crypto token regime, opening the door for banks and fintechs to integrate them into payments, treasury management, and more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Stablecoins are cryptocurrencies designed to maintain a steady value by pegging to assets, like a fiat currency (like the USD) or a commodity (such as gold). Their stability makes them ideal for payments, remittances, and finance\u2014without the volatility of traditional crypto.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Tokinvest <\/strong><strong>+ DSG<\/strong><strong> group partner on tokenized investmen<\/strong><strong>ts: <\/strong>Dubai-based real-world asset tokenization marketplace <a target=\"_blank\" href=\"https:\/\/tokinvest.capital\/\" style=\"\" rel=\"noopener\">Tokinvest<\/a> partnered with New Zealand\u2019s <a target=\"_blank\" href=\"https:\/\/dsg.exchange\/\" style=\"\" rel=\"noopener\">DSG Group<\/a> to develop blockchain-powered fractional ownership opportunities, starting with racehorses, stables, and siring rights, the company announced in a <a target=\"_blank\" href=\"https:\/\/tokinvest.capital\/insights-and-news\/tokinvest-and-dsg-group\" 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>Why it matters: <\/strong>Traditionally, investments in racehouses have been limited to high-net-worth individuals or small investment syndicates. Tokenization aims to make the market more accessible.<\/p>\n<p class=\"tag-border-left\">PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Network <\/strong><strong>International partners with South Africa\u2019s MTN Fintech: <\/strong>Dubai-based Network International has been appointed as a payment processor and issuing partner for MTN Group Fintech, a South African mobile financial services provider, according to a company <a target=\"_blank\" href=\"https:\/\/www.mtn.com\/network-international-appointed-as-payment-processing-partner-by-mtn-group-fintech\/\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The partnership will drive financial inclusion by rolling out card issuance products across key African markets, starting with Rwanda, followed by Uganda, Ivory Coast, and Nigeria. Network International will provide transaction processing, card management, and online fraud prevention.<\/p>\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai <\/strong><strong>partners with Amadeus to drive travel tech innovation: <\/strong>The Dubai Department of Economy and Tourism signed an MoU with global travel tech firm <a target=\"_blank\" href=\"https:\/\/amadeus.com\/en\" style=\"\" rel=\"noopener\">Amadeus<\/a> to create a city-wide ecosystem for rapid prototyping of travel technology solutions, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/february\/25-02\/dubai-department-of-economy-and-tourism-signs-strategic-partnership-with-amadeu\" style=\"\" rel=\"noopener\">statement<\/a>. The collaboration aims to enhance Dubai\u2019s status as a hub for travel innovation and build on the record 18.72 mn international visitors the city welcomed in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>As part of the agreement, Amadeus will establish a Center of Excellence in Dubai, focusing on biometric technologies, airport experience optimization, touchless payments, and air capacity development. It will also support startups and travel intelligence reporting for the hospitality sector.<\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>F<\/strong><strong>lydubai <\/strong><strong>adds Antalya to its summer network: <\/strong>Flydubai will launch daily flights to Antalya, Turkey, starting June 5, 2025, as part of its seasonal summer operations, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/flydubai-new-route-antalya\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The Dubai-based airline will also resume flights to Bodrum and Trabzon between June and September, expanding its Turkish network to six destinations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The summer schedule:<\/strong> Antalya joins Flydubai\u2019s 2025 summer schedule, which includes 11 seasonal routes, such as Al Alamein, Batumi, Corfu, Dubrovnik, Mykonos, and Santorini.<\/p>\n<p class=\"tag-border-left\">F&amp;B-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pakistan\u2019s Bisconni lands in Kezad<\/strong><strong>: <\/strong>Khalifa Economic Zone Abu Dhabi (Kezad) inked a 50-year land lease agreement with Pakistan\u2019s Ismail Industries snack subsidiary <a target=\"_blank\" href=\"https:\/\/www.bisconni.com\/\" style=\"\" rel=\"noopener\">Bisconni<\/a> to develop an AED 110 mn (c. USD 30 mn) manufacturing facility in Kezad Al Ma\u2019mourah, according to a <a target=\"_blank\" href=\"https:\/\/www.kezadgroup.com\/en\/news-and-media\/2025\/02\/25\/bisconni-middle-east-manufacturing-to-set-up-factory-in-kezad\" style=\"\" rel=\"noopener\">statement<\/a>. The 37k sqm hub \u2014 which aims to manufacture biscuits and confectionery goods \u2014 is part of the Pakistani firm's plans in bolstering its global footprints in international markets. <\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Data <\/strong><strong>analytics company Presight partnered with Albania\u2019s Interior Ministry to <\/strong><strong>develop a nationwide AI-driven smart city project <\/strong>in the European country, according to a <a target=\"_blank\" href=\"https:\/\/www.presight.ai\/news\/albania-selects-presight-for-nationwide-ai-powered-smart-city-project\/\" style=\"\" rel=\"noopener\">press release<\/a>. The project will introduce an AI-driven traffic management platform for urban monitoring and an advanced command center to centralize public services and emergency response operations. Covering 20 cities, the initiative aims to modernize infrastructure, enhance public services, improve healthcare access, and accelerate Albania\u2019s digital transformation.<\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong> pote<\/strong><strong>ntial credit rating upgrade for Masdar: <\/strong>Credit rating agency Moody\u2019s said it is reviewing <a target=\"_blank\" href=\"https:\/\/masdar.ae\/\" style=\"\" rel=\"noopener\">Masdar<\/a> \u2019s A2 long-term issuer and senior unsecured credit ratings for an upgrade, <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4554810\/-%D9%85%D9%88%D8%AF%D9%8A%D8%B2--%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D8%AA%D8%B5%D9%86%D9%8A%D9%81%D8%A7%D8%AA--%D9%85%D8%B5%D8%AF%D8%B1--%D9%84%D8%AA%D8%B1%D9%82%D9%8A%D8%A9-%D9%85%D8%AD%D8%AA%D9%85%D9%84%D8%A9\" style=\"\" rel=\"noopener\">Al Etihad<\/a> reports, citing an <a target=\"_blank\" href=\"https:\/\/www.moodys.com\/research\/Moodys-Ratings-places-Masdars-ratings-on-review-for-upgrade-Rating-Action--PR_502708\" style=\"\" rel=\"noopener\">article<\/a> by Moody\u2019s. Its medium-term note program may also be upgraded depending on the review. Its current outlook is stable.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> Commitment and funding from both Masdar\u2019s shareholders and the Abu Dhabi government have put Masdar in a strong position, Moody\u2019s said. The clean energy player\u2019s aim of reaching <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/50b8c4b6-740d-433d-b501-ed4875e8e23e\/masdar-finalizes-saeta-acquisition\" style=\"\" rel=\"noopener\">100 GW<\/a> of renewable energy capacity by 2030 makes further funding and investment likely, as it continues to benefit from its credit linkages to the government, the agency said, adding that the rating will go up if Masdar\u2019s support base is revised upwards.<\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Daman <\/strong><strong>Investments is partnering with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale to develop <\/strong><strong>sustainable investment opportunities<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/daman-investments-collaborates-with-societe-generale-to-strengthen-esg-focused-investing-ymsx60ex\" style=\"\" rel=\"noopener\">press release<\/a>. This initiative incorporates strict sustainability criteria, aligning with global ESG frameworks. Further details weren\u2019t disclosed. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/burjeel-holdings\/\">Burjeel Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                 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section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"101114\">\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\/26\/jpmorgan-reclassifies-qatar-and-kuwait-as-developed-markets\/\">\r\n                            JPMorgan reclassifies Qatar and Kuwait as developed markets                        <\/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   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        <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/jpmorgan-reclassifies-qatar-and-kuwait-as-developed-markets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2497.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101115\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/jpmorgan-reclassifies-qatar-and-kuwait-as-developed-markets\/2497-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2497.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2497.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2497.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2497.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101114\" class=\"content-area-description single-story post-101114 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-jpmorgan tag-kuwait tag-planet-finance tag-qatar 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\/.4b55e670-f0f1-4866-8206-e1a3db582079.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Qatar, Kuwait reclassified as developed markets:<\/strong> JPMorgan Chase has reclassified Qatar and Kuwait as developed markets, with the bank set to remove the two countries from its Emerging-Markets Bond Index (EMBI) over a six month period starting with the month-end rebalancing on March 31, JPMorgan\u2019s Global Index Research team said in a statement seen by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-20\/jpmorgan-reclassifies-qatar-kuwait-as-developed-markets?embedded-checkout=true\" 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 this means:<\/strong> New bond issuances from Qatar and Kuwait won\u2019t be included in JP Morgan\u2019s EM index, including the two benchmark-sized sovereign USD-denominated bonds Qatar will sell on Thursday. For Qatar, \u201cthe reclassification may potentially spark flows into the country from developed-market bond investors,\u201d according to Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he UAE could be next:<\/strong> The United Arab Emirates\u2019 cost of living ratio has exceeded the EM index threshold for two years in a row \u2014 and, if it does so for a third consecutive year, the country would no longer be eligible for the EMBI series, and will be reviewed for a removal from the index.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors would also be looking for a higher yield to invest in EM sovereign bonds,<\/strong> with the extra yield investors demand to own EM sovereign bonds set to widen by 11 bps. The bank\u2019s index is tracked widely by those investing in treasures across the world, and the loss of both countries could potentially \u201cincrease the average risk in the asset class,\u201d according to Bloomberg. In the EMBI Global Diversified grouping, Qatar and Kuwait hold a weight of 3.2% and 0.6%, respectively. With the potential exit of the UAE \u2014 which accounts for 4.1% \u2014 the collective exit of the three countries would lead to capital outflows from EMs, and would \u201cnarrow the opportunities for bond traders.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cAs investors we were waiting for this to happen,\u201d <\/strong>Anders Faergemann, co-head of EM global fixed income at Pinebridge Investments told Bloomberg. \u201cOn paper, the investor base for Qatar and Kuwait will narrow by taking them out of the EM indices but we can still invest in both countries off benchmark.\u201d<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning <\/strong>\u2014 Japan\u2019s Nikkei is down 1.2%, the Shanghai Composite is looking at gains of 0.5% and the Hang Seng is up 2.2%. Meanwhile, South Korea's Kospi is flat. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,612<\/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: +2.0%)<\/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\">5,342<\/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: +3.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,418<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +6.1%)<\/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\">4.2% 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\">12,301<\/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: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">30,655<\/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: +3.1%)<\/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>S&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\">5,955<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +1.3%)<\/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>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\">8,669<\/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: +6.1%)<\/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\">5,448<\/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: +11.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 73.02<\/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\">-2.4%<\/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>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 4.15<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,931<\/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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 89,021<\/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\">-2.7% (YTD: -4.8%)<\/p>\n<\/td>\n<\/tr>\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 rose 0.2% yesterday<\/strong> on turnover of AED 1.3 bn. The index is up 2% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Al Wathba National Ins. (+14.8%), Abu Dhabi Commercial Bank (+4.3%) and Aghtia Group (+2.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Gulf Medical Projects (-6.0%), Rak Co. for White Cement & Construction Materials (-5.2%) and Eshraq Investments (-4.7%). <\/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 rose 0.1% on turnover of AED 543.2 mn. Meanwhile Nasdaq Dubai closed up 0.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah-based Dana Gas has proposed an AED 385 mn dividend for 2024<\/strong>, equivalent to 5.5 fils per share, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2413.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The recommendation is pending shareholder approval at the annual general meeting on 16 April 2025.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jpmorgan\/\">JPMorgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kuwait\/\">Kuwait<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/qatar\/\">Qatar<\/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=\"101116\" 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\/26\/101116-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101116\" class=\"content-area-description single-story post-101116 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>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>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>25-26 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaistemcellcongress.com\/\" style=\"\">The Dubai Stem Cell Congress<\/a><\/span><span style=\"font-weight:400;\">, The Ritz-Carlton, Dubai International Financial Center. <\/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 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>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 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;\">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;\">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>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 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>15-17 November (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/myplantgardenme.com\/\" style=\"\">Myplant & Garden Middle East Green Expo<\/a><\/span><span style=\"font-weight:400;\">, Dubai Exhibition Centre, Expo City.<\/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: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<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 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi\u2019s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning. <\/span><\/li>\n<li><\/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 between 2027 and 2029:<\/span><\/p>\n<ul>\n<li><span>The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park. <\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Etihad Airways IPO this week?<\/p>\n","protected":false},"featured_media":101092,"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-101091","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"987aac83-5a47-4ab1-8fb5-2dc7b8708bfc","teaser":"Plus: Etihad Airways IPO this week?","photo_url":"https:\/\/ent.news\/2024\/9\/179.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Multiply Group, Ambrosia make overseas 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