{"id":101186,"date":"2025-02-28T00:00:00","date_gmt":"2025-02-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=101186"},"modified":"2025-12-15T03:01:24","modified_gmt":"2025-12-15T03:01:24","slug":"largest-10-banks-earned-aed-82-8-bn-in-net-income-in-2024","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/largest-10-banks-earned-aed-82-8-bn-in-net-income-in-2024\/","title":{"rendered":"Largest 10 banks earned AED 82.8 bn in net income in 2024"},"content":{"rendered":"<section id=\"101188\" 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=\"101188\">\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\/28\/this-morning-arada-could-look-to-ipo-in-three-years-real-estate-prices-dipped-for-the-first-time-since-2022-in-january\/\">\r\n                            THIS MORNING: Arada could look to IPO in three years + Real estate prices dipped for the first time since 2022 in January                        <\/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\/28\/this-morning-arada-could-look-to-ipo-in-three-years-real-estate-prices-dipped-for-the-first-time-since-2022-in-january\/\" 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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We hope you have a blessed weekend with your families.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There is no single big story abroad this morning as the news winds down ahead of the weekend<\/strong>, though we have fresh figures on the banking sector in 2024 from Alvarez & Marsal, as well as more LNG sales and purchase agreements from Adnoc. Plus: Space42 posts its first earnings since the merger between Bayanat and Yahsat, and UAE-based venture builder Distrupt.com commits USD 100 mn to AI ventures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5WEATHER- It\u2019s a slightly cooler day today in Dubai <\/strong>with only partially sunny conditions, and temperatures peaking at 24\u00b0C, before dropping to an overnight low of 19\u00b0C. It\u2019s more of the same in <strong>Abu Dhabi<\/strong>, where the mercury peaks at 20\u00b0C before dropping to 18\u00b0C overnight. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Adnoc and Taqa eye investments in Cyprus\u2019 energy sector? <\/strong>Adnoc is considering investments in Cyprus\u2019 Exclusive Economic Zone (EEZ), Energy Minister George Papanastasiou said at Investopia, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/taqa-interested-investing-electricity-connection-project-by-2029-cyprus-energy-2025-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. While Adnoc currently favors existing assets, Papanastasiou did not rule out the possibility of a new exploration licensing round, reiterating comments he made <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b411b4f0-9f8e-4012-ac8a-5a85c1a9d6c7\/this-morning:-is-mgx-eyeing-an-investment-in-elon-musk%25e2%2580%2599s-ai-startup%3F-%2B-a-new-usd-1-bn-fund-is-coming-to-abu-dhabi\" style=\"\" rel=\"noopener\">last November<\/a>. Papanastasiou also reaffirmed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5195a8cc-86ac-46a0-97b9-f3ad16925331\/taqa-to-work-on-europe-middle-east-power-connector%3F-%2B-emsteel-eyes-celsa%25e2%2580%2599s-european-mills\" style=\"\" rel=\"noopener\">Taqa\u2019s interest<\/a> in investing in the EUR 1.9 bn Great Sea Interconnector (GSI), an electricity transmission project linking Europe to Cyprus \u2014 and later to Israel \u2014 set for completion by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Adnoc and Cypriot energy officials met <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/940fafa7-3675-458e-aba8-6bddd791e4bc\/this-morning:-adnoc-and-bp-eye-cyprus%25e2%2580%2599-natural-gas-sector-%2B-dubai%25e2%2580%2599s-real-estate-transactions-surpass-100k-in-1h-2024\" style=\"\" rel=\"noopener\">last summer<\/a> to explore investments in the island\u2019s emerging natural gas sector, particularly within the EEZ. The UAE and Cyprus discussed stronger trade, investment, and energy ties at a diplomatic meeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2dd98aa5-3adf-459d-8120-cdde682c5bb2\/uae-%2B%253cmark%253e-cyprus%253c%2Fmark%253e-presidents-meet-in-abu-dhabi\" style=\"\" rel=\"noopener\">in September<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> #2- Sharjah-born property developer Arada is eyeing a potential IPO in<\/strong><strong> three years\u2019 time, <\/strong>Founder and CEO Ahmed Alkhoshaibi told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/property\/2025\/02\/27\/arada-open-to-ipo-on-market-growth-as-152bn-sharjah-project-sells-out-in-three-hours\/\" style=\"\" rel=\"noopener\">The National<\/a>, without disclosing the potential size or venue of the transaction. He noted that the company\u2019s decision to follow through on its IPO plans will depend largely on market conditions as well as its own financial performance over the coming years. Arada\u2019s net income after tax grew nearly three-fold y-o-y in 1H 2024 to AED 125.8 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2739.pdf\" style=\"\" rel=\"noopener\">latest results (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Arada is looking to capitalize on increased demand for Emirati real estate assets, after its USD 1.52 bn Masaar 2 project sold out within just three hours of opening. \u201cIndians remained the biggest percentage as an individual nationality and the rest is divided between westerners, Eastern Europeans and Arabs, GCC and UAE nationals,\u201d the CEO said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the pipeline: <\/strong>The real estate developer wants to scale beyond its core Sharjah and Dubai markets, with plans to expand into Ras Al Khaimah, Abu Dhabi, and Saudi Arabia, Alkhoshaibi said. It also recently launched an office in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/64541e8e-44a9-4f2d-9608-bca3f1d30328\/%253cmark%253earada%253c%2Fmark%253e-expands-into-australia-with-aed-6-bn-pipeline\" style=\"\" rel=\"noopener\">Australia<\/a>, with plans to develop AED 6 bn in Sydney. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #3- Have real estate prices finally hit a breaking point? <\/strong>Dubai\u2019s real estate prices fell for the first time since summer 2022, dipping 0.57% in January, signaling a potential shift toward stabilization, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/real-estate\/dubai-real-estate-market-sees-first-price-drop-in-two-years-t1fbf76e\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reports, citing Property Monitor data. Average prices dropped to below AED 1.5k per sq ft during the month, despite January marking a record 14.4k transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fda5172-163e-4828-a9f2-4089911ecf8f\/this-morning:-alpha-data-likely-to-price-ipo-at-top-of-range-%2B-is-sidara%25e2%2580%2599s-acquisition-of-wood-group-back-on-the-table%3F\" style=\"\" rel=\"noopener\">Earlier this week<\/a>, Moody\u2019s forecasted a dip or stabilization in Dubai\u2019s property market over the next 12 to 18 months, as developers face rising construction costs and potential delivery delays, alongside a large pipeline of pre-sales set for completion over the next two to three years. A Deloitte <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7b280c3a-a456-4de8-8c77-81b983ff0318\/dubai-residential-prices-to-stabilize-in-2025--deloitte\" style=\"\" rel=\"noopener\">report<\/a> similarly projected that residential price and rent growth may slow by year-end as new supply enters the market, while Knight Frank previously forecasted that Dubai\u2019s residential prices will rise by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/effa129f-34c4-4be5-9b7a-39350354b277\/dubai-home-prices-to-rise-8%2525-next-year--%253cmark%253eknight-frank%253c%2Fmark%253e.\" style=\"\" rel=\"noopener\">8% in 2025<\/a>, down from a 20% surge in 2024, with an increase in supply over the next two to three years to contribute to market stabilization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New supply entered the market as off-plan activity remained strong in January<\/strong>, with 53 new launches from 37 developers adding 12.4k units. Still, sales volumes declined 4.6% from December 2024, with off-plan transactions falling 17.7% m-o-m, making up 52% of total sales with 7.6k transactions. Mortgage activity increased 6.8% m-o-m, with 4.1k loans secured, while title deed sales rose 15.7%, accounting for 47.6% of all transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> #<strong>4- Dubai\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.vara.ae\/en\/\" style=\"\" rel=\"noopener\">Virtual As<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.vara.ae\/en\/\" style=\"\" rel=\"noopener\">sets Regulatory Authority<\/a><\/strong> <strong> (VARA) plans to introduce new <\/strong><strong>regulations in 1Q 2025,<\/strong> CEO Matthew White told <a target=\"_blank\" rel=\"noopener\">The Standard<\/a>. Issuers and service providers may be required to disclose the identities of major crypto holders, known as \"whales,\" to enhance consumer protection and improve transparency. Since many crypto holders use pseudonyms, this measure could help authorities track illicit activities like money laundering. Issuers may also be mandated to define redemption mechanisms, disclose the composition of their reserves, and undergo audits to ensure investors are fully informed of potential risks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong> More debt issuances from local banks? <\/strong>Our friends at Mashreq and Ajman Bank are the latest to approve new debt programs, after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/792b9896-75c8-42bf-8122-43552219b8cc\/%253cmark%253eemirates-nbd%253c%2Fmark%253e-to-become-sole-owner-of-eib-ahead-of-delisting-the-islamic-bank-from-dfm\" style=\"\" rel=\"noopener\">Emirates NBD<\/a> and its Islamic finance unit Emirates Islamic did the same earlier this week. <\/p>\n<ul>\n<li><strong>Mashreq greenlit major debt issuance plans<\/strong>, including an update to its USD 5 bn EUR Medium Term Note Program and USD 2.5 bn sukuk program, while allocating USD 4 bn in new debt instruments under its programs and USD 3 bn in standalone debt and\/or shariah-compliant instruments, including USD 1.5 bn for regulatory capital purposes. It also secured approval to restructure outstanding debt;<\/li>\n<li><strong>Ajman<\/strong> <strong>Bank has secured shareholder approval to launch a USD 1.5 bn sukuk<\/strong><strong> issuance program within a year<\/strong>, enabling the issuance of shariah-compliant bonds with tenors ranging from five to 60 years to international investors in and outside of the UAE, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2727.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The sukuk will be non-convertible and rank equally with or below senior debt.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#6- <\/strong><strong>Jaywan <\/strong><strong>ca<\/strong><strong>rds to come to Google Pay, Apple Pay, and India:<\/strong> <a target=\"_blank\" href=\"https:\/\/aep.ae\/\" style=\"\" rel=\"noopener\">Al Etihad Payments<\/a>, the payments arm of the Central Bank of the UAE, is working to make the domestic card system Jaywan available on Apple Pay and Google Pay, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2730.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The next phase of the scheme will also expand Jaywan outside of the UAE to India and other countries by the middle of this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Jaywan cards are set to replace some 10 mn debit cards currently in use over the next few years and are being rolled out in stages, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3a605ed6-c27e-4d8d-9e30-260947aea4d5\/network-international-becomes-first-to-roll-out%253cmark%253e-jaywan%253c%2Fmark%253e-cards-for-merchants\" style=\"\" rel=\"noopener\">Network International<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0ecaa9c4-8f55-4498-a3bc-fced967196fe\/comfi-secures-usd-5-mn-debt-facility-for-b2b-payments-expansion-in-uae-and-ksa\" style=\"\" rel=\"noopener\">Ajman Bank<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/95f3dd98-2998-43ae-9cd1-1676ab359358\/companies-from-china,-europe,-and-mena-set-up-shop-in-the-uae\" style=\"\" rel=\"noopener\">Mbank<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a4b0b5ea-35fd-4ead-adf4-5280ce0fe1a5\/core42-begins-deploying-nvidia-tech\" style=\"\" rel=\"noopener\">Mashreq\u2019s Neopay<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/97545990-d29e-4c68-a284-d8474dd5d54b\/biotech-startup-biosapien-raises-usd-7-mn-after-extending-pre-series-a-funding\" style=\"\" rel=\"noopener\">Emirates NBD<\/a> among those already accepting them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- <\/strong><strong>MBRSC <\/strong><strong>to launch UAE\u2019s first SAR satellite in March: <\/strong>The Mohammed Bin Rashid Space Center (MBRSC) will launch its first Synthetic Aperture Radar (SAR) satellite, Etihad-SAT, in early March aboard a SpaceX Falcon 9 rocket from Vandenberg Air Force Base, California, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15fw1az-mbrsc-announces-details-launch-etihad-sat\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Developed in partnership with Korea\u2019s Satrec Initiative, the satellite will strengthen the UAE\u2019s Earth observation capabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key features:<\/strong> Etihad-SAT will provide high-resolution imaging in all weather conditions, supporting critical sectors across the UAE while enhancing remote sensing and AI-driven data analysis. The satellite, part of the UAE\u2019s expanding satellite fleet, It will operate in three imaging modes \u2014 spot, scan, and strip \u2014 offering detailed wide-area observations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adgm.com\/\" style=\"\" rel=\"noopener\">ADGM<\/a><\/strong> <strong> recorded a 32% y-o-y rise in registered companies to nearly 2.4k in 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgms-2024-performance-with-245-growth-in-aums-highlights-global-influence\" style=\"\" rel=\"noopener\">statement<\/a>. Assets under management (AUM) also soared 245% year-on-year, with 166 funds now operating within ADGM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many global firms joined the fold last year<\/strong>, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/83dbe09b-2f39-4f49-9b17-d54cd2c4ae6b\/blackrock-expands-into-abu-dhabi-with-a-new-commercial-license\" style=\"\" rel=\"noopener\">BlackRock<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8077f0bc-a75b-469c-a2aa-69c62445652d\/%253cmark%253eadgm%253c%2Fmark%253e-attracts-swathes-of-investors-and-asset-managers-during-adfw\" style=\"\" rel=\"noopener\">General Atlantic<\/a>, and Morgan Stanley among those joining the financial hub, which recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fda5172-163e-4828-a9f2-4089911ecf8f\/this-morning:-alpha-data-likely-to-price-ipo-at-top-of-range-%2B-is-sidara%25e2%2580%2599s-acquisition-of-wood-group-back-on-the-table%3F\" style=\"\" rel=\"noopener\">expanded its jurisdiction<\/a> to Al Reem Island to meet growing demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>DFSA <\/strong><strong>reports 31% surge in authorized firms: <\/strong>The Dubai Financial Services Authority (DFSA) authorized 135 new firms in 2024, a 31% y-o-y increase, pushing its total regulated entities past 900, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/biewde9-dfsa-announces-31-increase-number-authorised-firms\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The DFSA also approved 946 individuals and registered 17 corporate service providers, including law firms and compliance consultancies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- GCC leads Dubai Chamber members\u2019 record AED 309.6 bn exports in 2024<\/strong><strong>:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">GCC markets accounted for 52% (AED 161 bn) of Dubai Chamber of Commerce members\u2019 exports and re-exports in 2024, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaichambercommerce.com\/en\/e\/dcc_news_detailed_page\/29577\/2215949\" style=\"\" rel=\"noopener\">statement<\/a>. Total exports and re-exports surged 9.2% y-o-y to AED 309.6 bn \u2014 crossing for the first time the AED 300 bn mark since the chamber\u2019s inception.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-GCC Middle Eastern countries came in second with 24.8% (AED 76.8 bn) in exports<\/strong>, while Africa and Asia-Pacific contributed 10% (AED 30.9 bn) and 9.6% (AED 29.7 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FTA clarifies conditions for tax deadline extensions:<\/strong> The Federal Tax Authority (FTA) has confirmed that taxpayers may request deadline extensions for reviewing and reconsidering tax assessments, but only under specific circumstances, with the new rules taking effect in March, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2758.pdf\" style=\"\" rel=\"noopener\">circular (pdf)<\/a>. These include serious illness or accident, the death of the signatory, legal representative, or a close family member, unexpected business disruptions beyond the taxpayer\u2019s control, destruction of records due to a disaster, system failures or IT transitions, an FTA request for unavailable documents, or force majeure events.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not exempt: <\/strong>Lack of knowledge, third-party negligence, request complexity, or business management conflicts are not reasons for extensions. <\/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\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/education\/organised-by-emirates-college-for-advanced-education-3rd-education-first-forum-to-take-place-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">The Education First Forum<\/a><\/strong><strong> will take place today<\/strong> at the Adnec Center in Abu Dhabi. The event brings together policymakers, educators, students, and parents to align education strategies with UAE Centennial 2071 goals, focusing on youth development and global competitiveness.<\/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\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a busy morning in the foreign press as US President Donald Trump holds a press conference with UK Prime Minister Keir Starmer<\/strong>, where he said the two countries are working on a trade agreement that would allow the UK to escape US tariffs. On the flip side: The goal of the press conference \u2014 securing a peace agreement for Ukraine \u2014 was not met, with the two officials failing to secure security assurances. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9ecb43b3-4579-44df-bb9a-a27f35cc3e75\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/politics\/live\/2025\/feb\/27\/keir-starmer-donald-trump-white-house-ukraine-uk-politics-live-news\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/live\/donald-trump-news-updates-2-27-2025\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trump-britains-starmer-meet-white-house-amid-differences-ukraine-2025-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Mexico extradited dozens of prisoners to the US<\/strong>, including a high-profile drug trafficker, following Trump\u2019s threats to impose a 25% tariff on the country. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8f568e3c-860e-4267-93fe-238c93bb17de\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/feb\/27\/mexico-cartels-fentanyl-extraditions-trump\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/mexico-drug-lord-rafael-caro-quintero-extradition-ad769ef1f2addd8530f4b8b96d00bb4c\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/mexico-extradite-us-convicted-drug-kingpin-caro-quintero-other-suspected-cartel-2025-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- US tech stocks led a brutal sell-off yesterday that saw the tech-heavy Nasdaq fall 2.8%<\/strong>, with Nvidia falling more than 8% and wiping out USD 273 bn in value, moving it out of the USD 3 tn club. The S&P 500 also dipped 1.6%. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9e8a76d8-6aaf-4c04-9c70-0b19c31c6547\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/27\/nvidia-bounced-from-the-3-trillion-market-cap-club-after-stock-drop.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND ON THE AI FRONT- <\/strong>OpenAI launched its largest artificial intelligence model yet with what it claims are fewer so-called \u201challucinations.\u201d GPT-4.5 achieves a hallucination rate of 37%, compared with 62% on its predecessor GPT-4o, the tech firm said in a <a target=\"_blank\" href=\"https:\/\/openai.com\/index\/introducing-gpt-4-5\/\" style=\"\" rel=\"noopener\">blog post<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- An Israeli delegation left for Egypt for talks on continuing the ceasefire<\/strong> <strong>in Gaza<\/strong>, two days before the first phase of the agreement is set to expire. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/feb\/27\/netanyahu-sends-delegation-to-egypt-to-continue-gaza-ceasefire-talks-with-hamas\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-war-news-02-27-2025-cfcdd8786afe4bc73ae79b3e0e4ccb3b\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could Opec+ freeze oil output hikes scheduled for April? <\/strong>With foggy visibility in global supply caused by new US sanctions on Venezuela, Iran, and Russia, Opec+ is on the fence about whether to hike oil outputs in April as planned, or to keep them at their current level, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/sanctions-tariffs-make-opec-hesitant-april-oil-hike-sources-say-2025-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing eight anonymous Opec+ sources. This comes in spite of pressure from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3552e765-51f2-4e66-899e-e14cbb7d9be3\/\" style=\"\" rel=\"noopener\">US President Donald Trump<\/a> to boost production and lower prices to USD 60-70 per barrel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another decision to postpone the 120k bbl \/ d production increase would mark the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/769fe009-9ca8-453b-9cb0-509698b007f8\/\" style=\"\" rel=\"noopener\">fourth time<\/a><\/strong> that the group has decided to put off rolling back production caps which first came into effect in 2022, the business news information service said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The group\u2019s final decision is expected to be confirmed by the end of the first week of March<\/strong>, with sources telling Reuters that members have so far not reached a consensus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Opec+ began withholding 5.85 mn bbl \/ d, or 5.7% of global supply, via a series of cuts beginning in 2022 with the aim of supporting markets. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bcbe499a-5e67-420b-ae35-54ad983a4b36\/\" style=\"\" rel=\"noopener\">latest extension<\/a> of output cuts through 1Q 2025 delayed production increases until April. The UAE was also allowed an increase of its production by 300k bbl \/ d from April 2025 instead of the beginning of the year as previously agreed.<\/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\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alhudacibe.com\/giftf2025\/index.php\" style=\"\" rel=\"noopener\">Global Islamic FinTech Forum<\/a><\/strong><strong> will take place on 15 April <\/strong>at the Dusit Thani Hotel in Dubai, bringing together experts, investors, and regulators to discuss developments in shariah-compliant financial technology. Topics will include digital payments, peer-to-peer lending, takaful, and blockchain-based financial services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/uaes-largest-10-banks-earned-aed-82-8-bn-in-net-income-in-2024\/\">\r\n                            UAE\u2019s largest 10 banks earned AED 82.8 bn in net income in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/uaes-largest-10-banks-earned-aed-82-8-bn-in-net-income-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+largest+10+banks+earned+AED+82.8+bn+in+net+income+in+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F28%2Fuaes-largest-10-banks-earned-aed-82-8-bn-in-net-income-in-2024%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\/28\/uaes-largest-10-banks-earned-aed-82-8-bn-in-net-income-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101192\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/uaes-largest-10-banks-earned-aed-82-8-bn-in-net-income-in-2024\/2388-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2388.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101191\" class=\"content-area-description single-story post-101191 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-abu-dhabi-commercial-bank tag-abu-dhabi-islamic-bank tag-banking tag-commercial-bank-of-dubai tag-debt tag-dubai-islamic-bank tag-emirates-nbd tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-mashreq tag-national-bank-of-fujairah tag-rakbank tag-sharjah-islamic-bank 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\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>combined net income of the UAE\u2019s 10 largest listed<\/strong><strong> banks <\/strong><strong>rose 8% y-o-y to <\/strong><strong>AED 82.9 bn in 2024<\/strong>, according to Alvarez & Marsal\u2019s UAE Banking Pulse FY 2024 <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2726.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. Growth was supported by a 6.7% increase in net interest income to AED 97.6 bn \u2014 its slowest pace in three years \u2014 alongside a 22% rise in net fees and commission income and lower impairment charges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, profitability metrics weakened<\/strong>, with return on equity declining by 87 bps to 18.9% and return on assets falling by 6 bps to 2.1%, as banks navigated rising funding costs, rate cuts, and a new corporate tax regime. The introduction of the corporate tax led to a 190.1% y-o-y jump in tax costs, impacting net earnings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong><strong>The Central Bank of the UAE also chose to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de99c7ca-e5e5-427c-893c-647f2478599d\/this-morning:%253cmark%253e-cbuae%253c%2Fmark%253e-cuts-rates-by-25-bps-in-line-with-the-fed-%2B-adia-hits-usd-1-tn-aum-milestone\" style=\"\" rel=\"noopener\">cut rates last december<\/a><\/strong> in line with the US Federal Reserve\u2019s interest rate policies due to the AED being pegged to the USD, lowering the overnight deposit rate by 25 bps to 4.4%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total loans and advances (L&A) grew by 12.6% y-o-y, <\/strong><strong>outpacing deposit growth of 10.7% <\/strong><strong>y-o-y<\/strong>, pushing the loan-to-deposit ratio up by 130 bps to 76.2%. Retail lending led the charge, surging 19.9% y-o-y, while corporate and wholesale lending, which still accounts for 55.5% of loan books, grew at a slower 6.3% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among individual banks,<\/strong><strong> Abu Dhabi Islamic Bank (Adib) posted the highest L&A growth<\/strong> at 24% y-o-y, while Emirates NBD reported a strong 12.7% y-o-y increase and Abu Dhabi Commercial Bank (ADCB) saw L&A grow 16.1% y-o-y. Dubai Islamic Bank (DIB) lagged behind, with L&A growth slowing to 6.5% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the deposit side<\/strong>, time deposits surged 11.1% y-o-y, while current and savings accounts deposits grew by 8% y-o-y, making up 49.9% of total deposits. Adib led deposit growth at 16.3% y-o-y, followed by ADCB at 16% y-o-y, while First Abu Dhabi Bank (FAB) saw a slowdown to just 3% y-o-y due to a decline in government deposits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite strong lending activity, net interest margins declined by 12 bps y-o-y <\/strong>to 2.7%, as higher funding costs offset yield gains. The cost of funds jumped 130 bps y-o-y to 4.6%, while the yield on credit rose by 91 bps y-o-y to 12.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the flip side, UAE banks saw a sharp 26.8% y-o-y declin<\/strong><strong>e in imp<\/strong><strong>airment charges<\/strong>, helping support net income growth. Cost of risk fell to a five-year low of 0.5%, down 25 bps y-o-y, as most banks reduced their exposure to riskier sectors like real estate and construction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A&M<\/strong><strong> remains optimistic:<\/strong> \u201cDespite expected monetary policy tightening, strong government support and healthy capital position should help banks continue its earnings growth momentum into FY25,\u201d A&M said. UAE banks have also responded well to competition from fintech and neobanks through digital initiatives, the report added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a4b2bf8c-68b1-47a7-8584-0a3ae4cd448e\/moody%25e2%2580%2599s-lowers-outlook-on-uae-banking-profitability,-while-penciling-in-5%2525-growth-for-the-non-oil-sector\" style=\"\" rel=\"noopener\">Earlier this week<\/a>, Moody\u2019s adjusted its outlook on the UAE\u2019s banking sector from positive to stable, citing expected declines in profitability as interest rates fall and corporate taxes rise. S&P Global also predicted a slight decline in UAE banks\u2019 net incomes, following two years of high earnings buoyed by rising interest rates. Lending activity remains a key stabilizing factor for the sector, S&P Global said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who are the<\/strong><strong> 10 largest banks in terms of assets<\/strong><strong>? <\/strong>FAB leads the table with AED 1.2 tn in assets, followed by Emirates NBD at AED 996.6 bn and ADCB at AED 652.8 bn. DIB held AED 344.7 bn in assets, while our friends at Mashreq stood at AED 267.5 bn and Adib at AED 225.9 bn. Commercial Bank of Dubai recorded AED 140.2 bn, with RAK Bank at AED 88.3 bn, Sharjah Islamic Bank at AED 79.2 bn, and National Bank of Fujairah rounding out the list at AED 60.9 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/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\/commercial-bank-of-dubai\/\">Commercial Bank of Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/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\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-bank-of-fujairah\/\">National Bank of Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-islamic-bank\/\">Sharjah Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101193\" 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=\"101193\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/\">\r\n                            Adnoc finalizes Ruwais LNG agreement with Japan\u2019s Osaka                        <\/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\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/\" 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\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/')\">\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\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/\">\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=Adnoc finalizes Ruwais LNG agreement with Japan\u2019s Osaka&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/\">\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\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/&title=Adnoc finalizes Ruwais LNG agreement with Japan\u2019s Osaka\">\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=Adnoc+finalizes+Ruwais+LNG+agreement+with+Japan%E2%80%99s+Osaka+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F28%2Fadnoc-finalizes-ruwais-lng-agreement-with-japans-osaka%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\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2716.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101194\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/adnoc-finalizes-ruwais-lng-agreement-with-japans-osaka\/2716-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2716.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2716.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2716.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2716.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101193\" class=\"content-area-description single-story post-101193 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-adnoc-gas tag-energy tag-enterpriseam-uae tag-lng tag-ruwais 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\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc signs SPA agreement wit<\/strong><strong>h Japan\u2019s Osaka for Ruwais LNG:<\/strong> Adnoc signed a 15-year sales and purchase agreement (SPA) with Japanese gas provider <a target=\"_blank\" href=\"https:\/\/www.osakagas.co.jp\/en\/\" style=\"\" rel=\"noopener\">Osaka Gas<\/a> to supply it with LNG from its Ruwais LNG project, it said in a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2025\/adnoc-signs-15-year-sales-and-purchase-agreement-with-osaka-gas-for-ruwais-lng-project\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The agreement will see Adnoc supply Osaka with up to 0.8 mn metric tonnes of liquified natural gas (LNG) per year from Adnoc\u2019s Ruwais LNG project, in Abu Dhabi\u2019s Al Ruwais Industrial City. The project is currently under development and slated to be commercially operational in 2028. LNG shipments will go to Osaka Gas\u2019 and its Singapore-based subsidiary Osaka Gas Energy Supply and Trading\u2019s (OGEST) ports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming:<\/strong> The two companies signed a long-term heads of agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8e0d82f5-c3f7-4589-b2ff-0024bd3bff9e\/adnoc-to-provide-lng-from-ruwais-to-japanese-gas-provider-osaka-gas\" style=\"\" rel=\"noopener\">last summer<\/a> to supply Osaka Gas and OGEST with LNG from the project, which has a 9.6 mn metric tonnes per annum (mtpa) capacity through its two 4.8 mtpa LNG liquefaction trains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tally so far: <\/strong>Adnoc has secured commitments for 8 mn of Ruwais\u2019 9.6 mn mtpa capacity, the statement said, including for buyers in China, Germany, Malaysia, and other countries across Asia and Europe. The facility will go live in 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Adnoc Gas is set to acquire a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ee2c5c60-7a60-4c22-9634-ae56c1d4b7ea\/adnoc-gas-to-acquire-60%2525-of%253cmark%253e-ruwais%253c%2Fmark%253e%253cmark%253e-lng%253c%2Fmark%253e,-to-pour-usd-15-bn-into-growth-by-2029\" style=\"\" rel=\"noopener\">60% stake<\/a> in the project from its parent firm Adnoc in 2H 2028 for an estimated USD 5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gas unit has also been converting its initial LNG agreements into sales and purchase agreements: <\/strong>Adnoc also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e721aed4-9391-4a06-8fa9-8e504ac8ee7f\/this-morning:-adnoc-gas-formalizes-lng-agreement-with-indian-oil-%2B-ega-eyes-more-us-acquisition-following-us-tariffs\" style=\"\" rel=\"noopener\">struck an agreement<\/a> earlier this month with Indian Oil, valued at USD 7-9 bn, to provide them with 1.2 mn tonnes a year of LNG, and with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/57f87515-d2be-40e4-8e9b-5f81f512c693\/adnoc-gas-secures-10-year%253cmark%253e-lng%253c%2Fmark%253e-agreement-with-india%25e2%2580%2599s-gail\" style=\"\" rel=\"noopener\">Gail<\/a> last November for 0.52 mn metric tonnes of LNG a year. Both agreements will see Adnoc Gas supply LNG through its Das Island facility.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-gas\/\">Adnoc Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ruwais\/\">Ruwais<\/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=\"101195 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=\"101195\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/101195-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101195\" class=\"content-area-description single-story post-101195 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=\"101196\" 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=\"101196\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/\">\r\n                            Disrupt.com commits USD 100 mn to AI-first tech ventures                        <\/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\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/\" 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\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/')\">\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\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/\">\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=Disrupt.com commits USD 100 mn to AI-first tech ventures&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/\">\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\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/&title=Disrupt.com commits USD 100 mn to AI-first tech ventures\">\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=Disrupt.com+commits+USD+100+mn+to+AI-first+tech+ventures+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F28%2Fdisrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures%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\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101197\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/disrupt-com-commits-usd-100-mn-to-ai-first-tech-ventures\/1602-jpg-69\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1602.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101196\" class=\"content-area-description single-story post-101196 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-investment tag-investment-watch tag-startups tag-tech wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE-based venture builder Disrupt.com pledged USD 100 mn to build and invest <\/strong><strong>in AI-first technology startups worldwide<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/from-bootstrapped-to-scale-venture-builder-disruptcom-to-invest-100mln-to-fuel-next-generation-of-ai-startups-from-the-uae-uqp9zx60\" style=\"\" rel=\"noopener\">press release<\/a>. The funding targets pre-seed to Series A startups in AI, cybersecurity, Web 3.0, automotive technology, and retail innovation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s a venture builder?<\/strong> Venture builders help build startups from scratch and position themselves as going beyond the provision of finance. Their role usually lies in staffing a startup, testing its product, and preparing it before launching it into the market. Venture builders usually focus on a small handful of early-stage startups, rather than building large portfolios. Disrupt.com provides engineering, market strategy, and operational support to help early-stage companies scale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The move follows the founders' landmark <a target=\"_blank\" href=\"https:\/\/disrupt.com\/blog\/looking-back-cloudways-exit\" style=\"\" rel=\"noopener\">USD 350 mn exit<\/a> from cloud hosting platform Cloudways to US-listed DigitalOcean in 2022\u2014the largest tech acquisition in Pakistan\u2019s history.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the investment: <\/strong>Despite Mena VC funding dropping 29% to USD 2 bn in 2024, Disrupt.com sees potential in doubling down on AI-driven innovation. \u201cWith Web 3.0 in its infancy and AI storming into our lives, the opportunity to problem solve and create businesses that will fit the needs of how people live and work is up for the taking,\u201d founding partner Aaqib Gadit said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm has already deployed USD 40 mn across 11 companies<\/strong>, including <a target=\"_blank\" href=\"https:\/\/zigchain.com\/\" style=\"\" rel=\"noopener\">ZigChain<\/a>, a Web 3.0 platform with over 500k users; <a target=\"_blank\" href=\"https:\/\/agentnoon.com\/\" style=\"\" rel=\"noopener\">Agentnoon<\/a>, an AI-powered organizational transformation tool; <a target=\"_blank\" href=\"https:\/\/www.ahya.ai\/\" style=\"\" rel=\"noopener\">Ahya<\/a>, a climate action scaling platform; <a target=\"_blank\" href=\"https:\/\/www.puresquare.com\/\" style=\"\" rel=\"noopener\">PureSquare<\/a>, a cybersecurity startup; and <a target=\"_blank\" href=\"https:\/\/squatwolf.com\/en-eg\" style=\"\" rel=\"noopener\">Squatwolf<\/a>, a UAE-based fitness apparel brand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Disrupt.com: <\/strong>Founded by Aaqib Gadit (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/aaqibgadit\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Uzair Gadit (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/uzairgadit\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), and Umair Gadit (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/umairgadit\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Disrupt.com operates with a three-pronged venture-building model: launching startups, co-building ventures with founders, and investing in early-stage companies and VC funds. Its team includes over 650 professionals. <\/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\/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\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101198\" 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=\"101198\">\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\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/\">\r\n                            More M&amp;As to be subject to merger control as of 1 April                        <\/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\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/\" 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\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/')\">\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\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=More M&#038;As to be subject to merger control as of 1 April&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/\">\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\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/&title=More M&#038;As to be subject to merger control as of 1 April\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+M%26%23038%3BAs+to+be+subject+to+merger+control+as+of+1+April+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F28%2Fmore-mas-to-be-subject-to-merger-control-as-of-1-april%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\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/122.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101199\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/more-mas-to-be-subject-to-merger-control-as-of-1-april\/122-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/122.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"122.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/122.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/122.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101198\" class=\"content-area-description single-story post-101198 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-ma tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t tightens merger control rules, effective in five weeks: <\/strong>The Cabinet rolled out new <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2711.pdf\" style=\"\" rel=\"noopener\">merger control rules (pdf)<\/a> in a move bound to bring more transactions under the Economy Ministry\u2019s review scope. The update \u2014 which will come into effect on Tuesday, 1 April \u2014 builds on the 2023 Competition Law overhaul, reinforcing a regulatory shift towards stronger antitrust while cracking down on mergers that risk straining competition in the domestic market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Casting a wider net:<\/strong> Mergers must now be notifiable to the Economy Ministry under two circumstances: if the company exceeds AED 300 mn in annual sales or hits a 40% market share. Under the old system, market share was the only trigger for review. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new rules also stretch the notification period to 90 days pre-close<\/strong>, up from 30, with the most notable shift being that regulatory silence now means rejection rather than automatic approval. <\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101200\" 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=\"101200\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/\">\r\n                            Space42 reports net income of USD 166 mn in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/')\">\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\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/\">\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=Space42 reports net income of USD 166 mn in 2024&url=https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/\">\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\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/&title=Space42 reports net income of USD 166 mn in 2024\">\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=Space42+reports+net+income+of+USD+166+mn+in+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F02%2F28%2Fspace42-reports-net-income-of-usd-166-mn-in-2024%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\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1598.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101201\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/space42-reports-net-income-of-usd-166-mn-in-2024\/1598-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1598.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1598.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1598.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1598.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101200\" class=\"content-area-description single-story post-101200 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-uae tag-space tag-space42 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\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>AI<\/strong><strong>-powered space technology firm Space42 reported a net in<\/strong><strong>come of USD 166 mn <\/strong><strong>in 2024<\/strong>, a 4.6% decline from USD 174 mn in 2023, largely due to the introduction of UAE corporate tax, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2683.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Net income rose 5% y-o-y before taxes. Revenue stood at USD 629 mn, down 19% due to timing shifts in a key Bayanat Smart Solutions program and a service anomaly with Thuraya-3.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Formed through the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d3ec20c-2a4c-4f7c-92fb-33e7b0e421cb\/this-morning:-opec%2B-meets-today-%2B%253cmark%253e-space42%253c%2Fmark%253e-is-live-on-the-adx#:~:text=Space42%20went%20live,USD%204%20bn).\" style=\"\" rel=\"noopener\">October<\/a> 2024 merger of Bayanat and Al Yah Satellite Communications (Yahsat), Space42 integrates satellite communications, geospatial analytics, and AI. Bayanat holds a 54% stake, while Yahsat owns the remainder. Major shareholders include G42, Mubadala, and International Holding Company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Space42 has been busy: <\/strong>Since the merger, the company has launched two satellites \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7069d71e-02d8-46d8-8679-5cd2cad07301\/uae-gets-its-first-low-orbit-radar-imaging-satellite\" style=\"\" rel=\"noopener\">Foresight-1<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/103e6026-be48-49da-a6ab-85d58b9c4cf7\" style=\"\" rel=\"noopener\">Thuraya 4<\/a> \u2014 kicked off the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/915f7855-701f-4c7d-8e36-094bddb1eaa5\/enec-expands-into-nuclear-consulting\" style=\"\" rel=\"noopener\">second phase of its Foresight satellite constellation<\/a>, and formed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5333b5b4-90fa-4b73-a9bd-9156076c1875\/%253cmark%253espace42%253c%2Fmark%253e,-edge%25e2%2580%2599s-fada-to-build-uae%25e2%2580%2599s-first-sovereign-eo-hub\" style=\"\" rel=\"noopener\">joint venture<\/a> with Edge\u2019s space unit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c7ebdc52-2664-479b-8309-aa4126b84400\/edge-group-launches-new-satellite-making,-cybertech-firm\" style=\"\" rel=\"noopener\">Fada<\/a> to develop the UAE\u2019s first sovereign Earth Observation ecosystem. It also secured an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c79a8701-9a0f-463b-a907-c92136620eac\/%253cmark%253espace42%253c%2Fmark%253e-extends-new-aed-18.7-bn-contract-with-gov%25e2%2580%2599t-for-satellite-communication-services\" style=\"\" rel=\"noopener\">AED 18.7 bn contract with the UAE government<\/a> to extend its services by 17 years, including AED 3.7 bn in advance payments for the construction of Al Yah 4 and Al Yah 5, set to launch in 2027 and 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> The company is backed by a robust contracted revenue backlog exceeding USD 7 bn \u2014 equivalent to 11x its full-year revenue \u2014 anchored by its agreement with the UAE government. \u201cWe are well positioned to develop the next generation of non-terrestrial networks,\u201d Managing Director Karim Michel Sabbagh said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company plans to focus on five key pillars<\/strong> \u2014 programmatic growth, implementing its Foresight system, investing in talent, expanding globally in SatCom and Earth Observation, and optimizing operations and capital allocation to maximize shareholder value, the release reads.<\/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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space\/\">space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space42\/\">Space42<\/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=\"101202\" 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=\"101202\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/emirati-institutions-dominate-the-stevie-awards-in-ras-al-khaimah\/\">\r\n                            Emirati institutions dominate the Stevie Awards in Ras Al Khaimah                        <\/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\/28\/emirati-institutions-dominate-the-stevie-awards-in-ras-al-khaimah\/\" 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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Saudi Arabia came in second with a total of 86 awards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Public institutions including the General Civil Aviation Authority and the Roads and Transport Authority received Gold Stevie awards, while the Abu Dhabi Fund for Development received a Silver Stevie. Private institutions that received accolades include First Abu Dhabi Bank, Damac Properties, and Adnoc Logistics and Services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Forbes <\/strong><strong>Middle East\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/10-mena-women-making-their-mark-in-marketing\/\" style=\"\" rel=\"noopener\">10 MENA Women Making Their Mark in Marketing<\/a><\/strong><strong> list <\/strong><strong>features six UAE entrants<\/strong>. Our friend <a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/10-mena-women-making-their-mark-in-marketing\/muna-al-ghurair\/\" style=\"\" rel=\"noopener\">Muna Al Ghurair<\/a>, group head of marketing and corporate communications at Mashreq, features in the ranking. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other Emirati women among the top 10:<\/strong><\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/10-mena-women-making-their-mark-in-marketing\/mashael-saleh-alshehri\/\" style=\"\" rel=\"noopener\">Mashael Saleh Alshehri<\/a><\/strong>, executive VP of marketing and branding at Binghatti;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/10-mena-women-making-their-mark-in-marketing\/suzanne-abou-eid\/\" style=\"\" rel=\"noopener\">Suzanne Abou Eid<\/a><\/strong>, senior director of marketing and communication at Bloom Holding;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/10-mena-women-making-their-mark-in-marketing\/nouf-mohamed-al-boushelaibi\/\" style=\"\" rel=\"noopener\">Nouf Mohamed Al Boushelaibi<\/a><\/strong>, chief marketing officer and executive director of strategic marketing and communications at the Department of Culture and Tourism in Abu Dhabi;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/10-mena-women-making-their-mark-in-marketing\/marwa-kaabour\/\" style=\"\" rel=\"noopener\">Marwa Kaabour<\/a><\/strong>, group head of marketing and corporate communication at Al Masaood;<\/li>\n<li>and <strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/10-mena-women-making-their-mark-in-marketing\/lamia-hariz\/\" style=\"\" rel=\"noopener\">Lamia Hariz<\/a><\/strong>, group head of corporate communications, marketing, and investor relations at Abu Dhabi Islamic Bank.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Four <\/strong><strong>UAE universities ranked among the top 500 in the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.topuniversities.com\/world-university-rankings\" style=\"\" rel=\"noopener\">QS World<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.topuniversities.com\/world-university-rankings\" style=\"\" rel=\"noopener\">University<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.topuniversities.com\/world-university-rankings\" style=\"\" rel=\"noopener\">Rankings 2025<\/a><\/strong><strong>. <\/strong>United Arab Emirates University rose 29 places to 261st place, Khalifa University climbed 28 spots to 202nd, American University of Sharjah advanced 32 places to 332nd, and University of Sharjah moved up 31 spots to 434th.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong><strong>Mashreq Al Islami wins digital transformation award: <\/strong>Our friends at Mashreq\u2019s Islamic banking arm, <a target=\"_blank\" href=\"https:\/\/www.mashreqalislami.com\/en\/uae\/neo\/\" style=\"\" rel=\"noopener\">Mashreq Al Islami<\/a>, received the Best Islamic Bank Digital Transformation \u2013 Middle East 2024 award at the Global Banking Finance Awards, according to the company <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/mashreq-uae_mashreqalislami-islamicbanking-digitaltransformation-activity-7300749130971107328-yTTj\/?utm_source=share&utm_medium=member_desktop&rcm=ACoAADAUJZ8Br23Kv54kDyrvxGUyLkbiQlSEyyw\" style=\"\" rel=\"noopener\">statement<\/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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/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=\"101204\" 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=\"101204\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/first-abu-dhabi-bank-taps-omar-hafeez-as-head-of-its-international-franchise\/\">\r\n                            First Abu Dhabi Bank taps Omar Hafeez as head of its international franchise                        <\/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 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data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2756.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2756.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101204\" class=\"content-area-description single-story post-101204 post type-post status-publish format-standard has-post-thumbnail hentry category-moves 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\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First Abu Dhabi Bank (FAB) plans to appoint Omar Hafeez (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/omar-hafeez-89a07b5#:~:text=%E2%80%9CExcellent%20Manager%20of%20Business%20and,people%20and%20Human%20Resources%20development.%E2%80%9D\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>)<\/strong>, Citi\u2019s head of North Africa, Levant, and Central Asia, as <strong>head of its international franchise<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-27\/citi-s-hafeez-is-latest-in-first-abu-dhabi-bank-s-hiring-spree\" style=\"\" rel=\"noopener\">Bloombe<\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-27\/citi-s-hafeez-is-latest-in-first-abu-dhabi-bank-s-hiring-spree\" style=\"\" rel=\"noopener\">rg<\/a> reports, citing anonymous sources. Hafeez has held various leadership roles at Citi, working in countries including Pakistan, Nigeria, and Japan. His experience spans multiple aspects of corporate banking and regional management. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the latest in a series of hires:<\/strong> First Abu Dhabi Bank (FAB) was also reportedly in discussions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d51dd065-c8b7-409a-a3f7-7d919ac6f1de\" style=\"\" rel=\"noopener\">this week<\/a> to hire Former Citigroup Vice Chairman and Managing Director Linos Lekkas (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/linos-lekkas-6376ba7b\/?originalSubdomain=gr\" style=\"\" rel=\"noopener\">LinkedIn<\/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\/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=\"101206\" 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=\"101206\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/hubpay-and-aquanow-roll-out-uaes-first-crypto-payment-facility\/\">\r\n                            Hubpay and Aquanow roll out UAE's first crypto payment facility                        <\/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\/28\/hubpay-and-aquanow-roll-out-uaes-first-crypto-payment-facility\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n    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alt=\"\" data-attachment-id=\"101207\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/hubpay-and-aquanow-roll-out-uaes-first-crypto-payment-facility\/319-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/319.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"319.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/319.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/319.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101206\" class=\"content-area-description single-story post-101206 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-automotive tag-beeah-2 tag-business tag-bybit tag-china tag-crypto tag-cryptocurrency tag-dmcc tag-emsteel tag-enterpriseam-uae tag-finance tag-gold tag-investment tag-manufacturing tag-real-estate tag-securities-and-commodities-authority tag-standard-chartered tag-startups tag-steel tag-sustainability tag-uae-china-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\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CRYPTO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#<\/strong><strong>1- <\/strong><strong>Hubpay<\/strong><strong>, Aquanow launch UAE\u2019s first regulated crypto payment facility:<\/strong> <a target=\"_blank\" href=\"https:\/\/wearehubpay.com\/\" style=\"\" rel=\"noopener\">Hubpay<\/a>, a UAE-based cross-border payment platform, has partnered with <a target=\"_blank\" href=\"https:\/\/www.aquanow.com\/\" style=\"\" rel=\"noopener\">Aquanow<\/a>, a global digital asset infrastructure provider, to introduce the UAE\u2019s first fully regulated crypto payment facility for businesses and SMEs, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hubpay-and-aquanow-partner-to-launch-uaes-first-fully-regulated-crypto-payment-gateway-for-businesses-hvvhm9mx\" style=\"\" rel=\"noopener\">statement<\/a>. The partnership will allow businesses in real estate, manufacturing, and general trading to accept cryptocurrency securely alongside traditional fiat transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Bybit <\/strong><strong>gets IPA for UA<\/strong><strong>E platform:<\/strong> Dubai-based cryptocurrency exchange <a target=\"_blank\" href=\"https:\/\/www.bybit.com\/en\/\" style=\"\" rel=\"noopener\">Bybit<\/a> has obtained in-principle approval from the <a target=\"_blank\" href=\"https:\/\/www.sca.gov.ae\/en\/home.aspx\" style=\"\" rel=\"noopener\">Securities and Commodities Authority<\/a> to establish a virtual asset platform in the UAE, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2728.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The exchange is in the final stages of obtaining a full operational license, allowing it to offer digital asset services to both retail and institutional clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>This milestone comes shortly after Bybit, the world\u2019s second-largest crypto exchange by trading volume, was hit by the industry\u2019s biggest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/496a15e8-e251-4228-9b8b-4e9e3f3a6079\/this-morning:-dubai-based-bybit-faces-largest-hack-in-the-crypto-sector-yet-%2B-emirates-eyes-more-china-flights-in-mid-2025\" style=\"\" rel=\"noopener\">hack<\/a>, with over USD 1.5 bn in tokens stolen. CEO Ben Zhou reassured users that the company\u2019s USD 20 bn in assets could cover the loss.<\/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\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Steelmaking giant Emsteel launched a AED 625 mn asset enhancement program<\/strong> to upgrade production capabilities to meet rising market demand, according to a company <a target=\"_blank\" href=\"https:\/\/www.emsteel.com\/emsteel-announces-asset-enhancement-programme-to-upgrade-production-capabilities-and-expand-product-portfolio\/\" style=\"\" rel=\"noopener\">statement<\/a>. The first phase, scheduled for commissioning by 4Q 2025, will upgrade rolling mills to produce high-strength rebars and heavy-section steel for major infrastructure and energy projects. The second, set for completion in 1H 2027, includes a 500 KTPA wire rod outlet and billet caster upgrades, supporting the production of high-value steel products.<\/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\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beeah + Greenthesis to build recycling facility: <\/strong>Waste management firms Beeah and Italy\u2019s Greenthesis have signed a cooperation agreement to build the Middle East\u2019s first polyethylene (PE) film recycling facility within Beeah\u2019s waste management complex in Sharjah\u2019s Al Sajaa area, according to a <a target=\"_blank\" href=\"https:\/\/www.greenthesisgroup.com\/press-area\/greenthesis-s-p-a-e-beeah-sharjah-environment-co-llc-avviano-una-partnership-strategica-volta-ad-investire-in-impianti-avanzati-per-la-gestione-dei-rifiuti-nellarea-mena-ed-in-ue\/\" style=\"\" rel=\"noopener\">press release<\/a>. The pair will work through their joint venture, B&A Waste Management, which has already established several waste management projects in the UAE. The agreement was one of 40 struck during the UAE-Italy Business Forum <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74ac75f0-e31a-41c3-b2e8-c6e11d7099c5\/uae-to-invest-usd-40-bn-in%253cmark%253e-italy%253c%2Fmark%253e-across-key-sectors\" style=\"\" rel=\"noopener\">earlier this week<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant:<\/strong> The facility will convert PE film \u2014 a hard-to-recycle plastic used for packaging and labels \u2014 into a sustainable alternative to plywood for municipal and commercial use in green infrastructure. The wood can be reused several times before it is processed once again into new boards. It will have the capacity to process over 7k tons of plastic waste per year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beeah has big plans: <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc7a31fb-5328-4c2e-b3f7-28da95e9c0ed\" style=\"\" rel=\"noopener\">unveiled its plans<\/a> for the Middle East's first commercial-scale waste-to-hydrogen plant to be set up in Sharjah\u2019s Al Sajaa area alongside the UK-based Chinook Hydrogen and Japan's Air Water last month. The plant will produce green hydrogen from municipal solid waste with an initial capacity of 2.6k tons annually.<\/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\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Standard <\/strong><strong>Chartered opens service for HNWIs:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.sc.com\/en\/\" style=\"\" rel=\"noopener\">Standard Chartered<\/a> has opened a Priority Private center in the UAE, offering high-net-worth-individuals (HNWIs) and offshore clients tailored investment opportunities, multi-market lending facilities, and wealth solutions, the firm said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/standard-chartered-opens-first-priority-private-wealth-centre-in-the-middle-east-europe-and-africa-bory907w\" style=\"\" rel=\"noopener\">statement<\/a>. The center will make use of the bank\u2019s network of clients in wealth hubs including the UAE, Singapore, Hong Kong, the UK, and India.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the development: <\/strong>\u201cThe UAE\u2019s strategic location as a global financial hub makes it the ideal choice for this initiative,\u201d head of Wealth and Retail Banking UAE at Standard Chartered Rajesh Kannan said. The bank said it aims to increase its UAE private banking team by 20% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/542f693a-87fa-4b91-a160-35ea23ac6137\/hub71-launches-angel-investor-support-package\" style=\"\" rel=\"noopener\">last December<\/a>, as it looks to double its wealth management investments over the next five years.<\/p>\n\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>#1- <\/strong><strong>O <\/strong><strong>Gold, Monetary Metals partner on fractional gold leasing in UAE:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.ogold.app\/\" style=\"\" rel=\"noopener\">O Gold<\/a>, the UAE\u2019s fractional gold and silver ownership app, has partnered with <a target=\"_blank\" href=\"https:\/\/www.monetary-metals.com\/\" style=\"\" rel=\"noopener\">Monetary Metals<\/a> to introduce a gold leasing program, allowing investors to lease as little as 0.1g of gold and earn up to 16% annual returns, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/o-gold-and-monetary-metals-unveil-pioneering-gold-leasing-model-i4tt3v2e\" style=\"\" rel=\"noopener\">press release<\/a>. The collaboration removes the traditional 10-ounce leasing minimum, and allows investors to receive monthly gold payouts of up to 5% annually, with the flexibility to withdraw anytime without penalties. Investments are fully insured and trackable via RFID and inventory systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Abu Dhabi and Italy ink cross-border investment partnership to boost <\/strong><strong>business expansion:<\/strong> The Abu Dhabi Investment Office (Adio) and Italy\u2019s Cassa Depositi e Prestiti (CDP), a national promotional institution, signed a pact to support Italian and UAE businesses expanding into each other\u2019s markets, according to a <a target=\"_blank\" href=\"https:\/\/www.cdp.it\/sitointernet\/page\/en\/support_for_business_renewables_and_water_three_new_agreements_with_the_united_arab_emirates?contentId=PRG50147\" 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>Under the partnership, Adio will connect Italian firms \u2014 including CDP-backed companies \u2014 with Abu Dhabi investment opportunities<\/strong>, while UAE businesses gain streamlined access to Italy\u2019s market. The two entities will organize trade delegations, seminars, and knowledge-sharing programs to foster commercial ties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>The UAE revealed plans earlier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74ac75f0-e31a-41c3-b2e8-c6e11d7099c5\/uae-to-invest-usd-40-bn-in%253cmark%253e-italy%253c%2Fmark%253e-across-key-sectors\" style=\"\" rel=\"noopener\">this week<\/a> during President Sheikh Mohamed bin Zayed Al Nahyan\u2019s visit to Rome to invest USD 40 bn across strategic sectors in Italy. The two nations agreed to pursue a comprehensive partnership, formalizing over 40 agreements spanning data centers, AI, space tech, defense, cybersecurity, energy, health, and critical minerals. <\/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\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global <\/strong><strong>Partners, Mirage to develop USD 1.4 bn mixed-use project in Dubai <\/strong><strong>Healthcare City:<\/strong> Dubai\u2019s Global Partners Limited, along with Mirage Development and Entertainment will jointly develop a USD 1.4 bn, 172k sqm mixed-use project in the second phase of Dubai Healthcare City, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D8%BA%D9%84%D9%88%D8%A8%D8%A7%D9%84-%D8%A8%D8%A7%D8%B1%D8%AA%D9%86%D8%B1%D8%B2-%D8%AA%D9%8F%D8%A8%D8%B1%D9%90%D9%85-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D9%85%D8%B9-%D8%B4%D8%B1%D9%83%D8%A9-%D9%85%D9%8A%D8%B1%D8%A7%D8%AC-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%85%D8%AA%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AE%D8%AF%D8%A7%D9%85%D8%A7%D8%AA-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%B1%D8%AD%D9%84%D8%A9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A%D8%A9-%D9%85%D9%86-rj9otrxe\" style=\"\" rel=\"noopener\">press release<\/a>. The Jaddaf-based development will include luxury residences and commercial units, with construction starting in 1Q 2026 with a completion date set for 1Q 2029.<\/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\">STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Future100 initiative inks six partnerships: <\/strong>The Future100 initiative \u2014 a government initiative identifying and supporting the 100 most impactful startups in the UAE \u2014 signed six agreements with Mohamed bin Zayed University of AI, Oraseya Capital, DIFC Innovation Hub, EY UAE, MEVP, and in5 Incubator to accelerate startup growth in sustainable and tech-driven sectors, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/biewdk5-future100-initiative-signs-agreements-drive\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DMCC inks Beijing <\/strong><strong>pacts to boost trade and digital collaboration: <\/strong>DMCC signed agreements with Beijing Innovation Service Hub and Beijing Chaoyang Council for International Trade during its 2025 Made For Trade Live roadshow in China, according to a <a target=\"_blank\" href=\"https:\/\/dmcc.ae\/latest-news\/dmcc-signs-key-partnerships-in-beijing-to-deepen-uae-china-business-connectivity-as-it-approaches-landmark-1000-chinese-member-companies\" style=\"\" rel=\"noopener\">statement<\/a>. The agreements will see both parties co-host seminars, roadshows, and networking events to link UAE and Beijing-based businesses, with a focus on digital trade and blockchain solutions. <\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/beeah-2\/\">Beeah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bybit\/\">Bybit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dmcc\/\">DMCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emsteel\/\">Emsteel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gold\/\">gold<\/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\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/securities-and-commodities-authority\/\">Securities and Commodities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/standard-chartered\/\">Standard Chartered<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/steel\/\">Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-china-relations\/\">UAE-China 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=\"101208\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"101208\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/bybit-hack-fuels-btc-sell-off-amid-broader-market-jitters\/\">\r\n                            Bybit hack fuels BTC sell-off amid broader market jitters                        <\/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\/28\/bybit-hack-fuels-btc-sell-off-amid-broader-market-jitters\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-attachment-id=\"101209\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/bybit-hack-fuels-btc-sell-off-amid-broader-market-jitters\/1848-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1848.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1848.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1848.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1848.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101208\" class=\"content-area-description single-story post-101208 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-crypto tag-debt tag-enterpriseam-uae tag-etfs tag-financial-markets tag-mashreq tag-planet-finance tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.d0912f0d-2629-46d3-9473-a5d65c5ef132.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>BTC<\/strong><strong> fell 25% from all-time high<\/strong>, as last week\u2019s USD 1.5 bn Bybit cyberattack and broader macroeconomic concerns rattled crypto investors. The sell-off saw BTC drop to USD 82.22k at 6:13am UAE time this morning, down from its record high of USD 109.24k on 20 January, the day of Donald Trump\u2019s inauguration, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-28\/bitcoin-down-25-from-all-time-high-as-crypto-selloff-deepens\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The FBI has linked the Bybit theft to North Korea<\/strong>, warning that stolen assets \u2014 converted into BTC and other digital tokens \u2014 are being laundered across multiple blockchains, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/feb\/27\/north-korea-bybit-crypto-exchange-hack-fbi\" style=\"\" rel=\"noopener\">The Guardian<\/a> reports. While Bybit has assured users that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/496a15e8-e251-4228-9b8b-4e9e3f3a6079\/this-morning:-dubai-based%253cmark%253e-bybit%253c%2Fmark%253e-faces-largest-hack-in-the-crypto-sector-yet-%2B-emirates-eyes-more-china-flights-in-mid-2025\" style=\"\" rel=\"noopener\">client funds remain backed 1:1<\/a>, the attack \u2014 now considered the largest crypto heist in history \u2014 has intensified market fears over security risks in digital assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BTC\u2019s decline isn\u2019t just about Bybit: <\/strong>ETF outflows, a tech stock slump, and renewed US tariffs are adding pressure. Investors had expected pro-crypto policies under the Trump administration, but enthusiasm has waned amid stagnation and rising inflation concerns, <a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2025\/02\/26\/bitcoin-prices-plunge-to-almost-82000-as-political-momentum-stalls\/\" style=\"\" rel=\"noopener\">Forbes<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The crypto market remains under pressure<\/strong>, with smaller tokens like Dogecoin, Solana, and Cardano falling over 20% last week, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/currencies\/bitcoin-falls-below-9000-first-time-month-ether-tumbles-2025-02-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports on Tuesday. Analysts warn that risk-off sentiment in global markets could lead to further volatility in digital assets.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,613<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +2.1%)<\/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\">5,361<\/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: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,428<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +6.3%)<\/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\">4.1% 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\">12,112<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">30,610<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +2.9%)<\/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\">5,862<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.6% (YTD: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,756<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +7.1%)<\/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\">5,473<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: 11.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 74.04<\/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\">+2.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.94<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,886<\/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 84,132<\/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: -10.9%)<\/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 fell 0.3% yesterday<\/strong> on turnover of AED 1.2 bn. The index is up 2.1% 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>Gulf Cement (+8.2%), Rak Co. for White Cement & Construction Materials (+4.5%) and Al Khaleej Investment (+4.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Space42 (-5.4%), Julphar (-3.5%) and Burjeel Holdings (-2.6%). <\/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 0.2% on turnover of AED 613.8 mn. Meanwhile Nasdaq Dubai closed down 0.3%.<\/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>Mashreq <\/strong><strong>approves AED 4.2 bn dividends, expands debt issuance plans: <\/strong>Our friends at Mashreq have approved a dividend of AED 21.10 per share, representing 211% of paid-up capital and amounting to AED 4.2 bn, for FY 2024, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2753.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parkin proposed a dividend payout of AED 0.093 per share, totaling AED 280.9 mn, for the seco<\/strong><strong>nd half of 2024<\/strong>. The proposal is pending shareholder approval at its upcoming annual general assembly meeting, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2741.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Ins. Company (Adnic) shareholders approved a dividend pa<\/strong><strong>yout of AED 0.45 per share, totaling AED 256.5 mn<\/strong>, for FY 2024, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2762.pdf\" style=\"\" rel=\"noopener\">ADX 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\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etfs\/\">ETFs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/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\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101210\" 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=\"101210\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/28\/uae-eyes-deeper-economic-energy-ties-with-greece-mongolia\/\">\r\n                            UAE eyes deeper economic, energy ties with Greece, Mongolia                        <\/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\/28\/uae-eyes-deeper-economic-energy-ties-with-greece-mongolia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The two leaders discussed increasing economic cooperation and boosting ties in advanced technology, AI, renewable energy, and food security, while underscoring shared priorities in peaceful conflict resolution and global stability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>, Mongolia discuss economic and energy cooperation:<\/strong> State Minister Ahmed bin Ali Al Sayegh met with Mongolia\u2019s Deputy Prime Minister Dorjkhand Togmid in Abu Dhabi to discuss boosting energy, economic, and tourism ties, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/biewczj-ahmad-sayegh-meets-mongolian-deputy-prime\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-greece-relations\/\">UAE-Greece relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-mongolia-relations\/\">UAE-Mongolia 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=\"101212\" 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\/28\/101212-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101212\" class=\"content-area-description single-story post-101212 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>, Dubai Dutyfree T<\/span><span>ennis 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 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>1 April (Tuesday): <\/span><span style=\"\">C<\/span><span style=\"\">abinet <\/span><span style=\"\">to roll<\/span><span> out new tightened merger<\/span><span> control rules, <\/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>April 15 (Tuesday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alhudacibe.com\/giftf2025\/index.php\" style=\"\">Global Islamic FinTech Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, the Dusit Thani Hotel, Dubai.<\/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>Disrupt.com commits USD 100 mn to AI-first tech ventures | More M&#038;As to be subject to merger control | Bybit hack fuels BTC sell-off amid broader market jitters<\/p>\n","protected":false},"featured_media":101187,"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-101186","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ecb15e6d-c555-4eba-b544-e1bb3c762a15","teaser":"Disrupt.com commits USD 100 mn to AI-first tech ventures | More M&As to be subject to merger control | Bybit hack fuels BTC sell-off amid broader market jitters","photo_url":"https:\/\/ent.news\/2024\/1\/2179.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO 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