{"id":101509,"date":"2025-03-11T00:00:00","date_gmt":"2025-03-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=101509"},"modified":"2025-12-15T03:07:13","modified_gmt":"2025-12-15T03:07:13","slug":"economy-to-grow-5-1-while-current-account-surplus-could-narrow","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/economy-to-grow-5-1-while-current-account-surplus-could-narrow\/","title":{"rendered":"Economy to grow 5.1%, while current account surplus could narrow"},"content":{"rendered":"<section id=\"101511\" 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=\"101511\">\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\/03\/11\/this-morning-indias-infibeam-eyes-adx-listing-alpha-dhabi-mubadala-private-credit-venture-deploys-usd-1-bn-in-capital\/\">\r\n                            THIS MORNING: India\u2019s Infibeam eyes ADX listing + Alpha Dhabi, Mubadala private credit venture deploys USD 1 bn in capital                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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   <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101512\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/this-morning-indias-infibeam-eyes-adx-listing-alpha-dhabi-mubadala-private-credit-venture-deploys-usd-1-bn-in-capital\/851-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"851.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101511\" class=\"content-area-description single-story post-101511 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-alpha-dhabi tag-capital-markets tag-education tag-enterpriseam-uae tag-federal-tax-authority tag-gulfnav tag-investment tag-mubadala tag-mubadala-investment-company tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.a897afeb-a7c8-4082-a0cb-1ef8f252e068.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people. <\/strong>The brief respite from the news last week has all but vanished, with a flood of M&amp;A news coming in from the likes of Emirates NBD, Multiply, and Mubadala, as well as a fresh batch of economic projections from S&amp;P Global and Fitch\u2019s BMI. Plus: Cabinet met yesterday, and approved the country\u2019s new national investment strategy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have the latest data on Dubai\u2019s office market last year <\/strong>\u2014 which indicates that the emirate is at near full capacity. Let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- We\u2019re in for another cloudy day with possible light rain<\/strong>, according to our favorite weather app and the National Center of Meteorology\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/777.pdf\" style=\"\" rel=\"noopener\">forecast (pdf)<\/a>. Temperatures in <strong>Dubai<\/strong> are expected to hit 33\u00b0C during the day, with an overnight low of 22\u00b0C, while <strong>Abu Dhabi<\/strong> is expected to see temperatures hitting 26\u00b0C and an overnight low of 22\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, when do we eat? <\/strong>Maghrib is at 6:29 pm today in Dubai and 6:33 pm in Abu Dhabi. You\u2019ll have until fajr prayers at 5:15 am in Dubai and 5:19 am in Abu Dhabi tomorrow to finish your sohour.<\/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- Infibeam revamps UAE payments division ahead of ADX listing: <\/strong>India-based fintech <a target=\"_blank\" href=\"https:\/\/www.ia.ooo\/\" style=\"\" rel=\"noopener\">Infibeam Avenues<\/a> established a new Abu Dhabi special purpose vehicle (SPV) to manage its UAE payments arm, Avenues World, in preparation for its upcoming listing on the ADX, according to a stock exchange <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/786.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a>. The restructuring will involve transferring ownership of Avenues World, which operates the <a target=\"_blank\" href=\"http:\/\/ccavenue.ae\" style=\"\" rel=\"noopener\">CCAvenue.ae<\/a> payment gateway in the UAE, to the new SPV, Infibeam Avenues ME. The SPV will be 80% owned by Infibeam's existing Emirati subsidiary, Vavian International. This reorganization is aimed at aligning with ADX listing requirements and advancing Infibeam's broader expansion strategy in the MENA region, <a target=\"_blank\" href=\"https:\/\/entrackr.com\/snippets\/infibeam-avenues-restructures-uae-unit-ahead-of-adx-listing-8838924\" style=\"\" rel=\"noopener\">Entrackr<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infibeam\u2019s UAE unit Avenues World also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/x.com\/InfibeamAvenues\/status\/1819312190811525473\" style=\"\" rel=\"noopener\">raised<\/a><\/strong><strong> USD 25 mn in a pre-IPO equity placement<\/strong> earlier last year at a valuation of USD 100 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> We knew the payment firm\u2019s UAE subsidiary was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6145fdda-1604-4ee4-a3fd-6d1ee4d0d0e3\/sam-bankman-fried-sentenced-to-25-years-in-prison\" style=\"\" rel=\"noopener\">eyeing a listing<\/a> since March last year, with reports that it was planning to raise the pre-IPO equity round.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Shuaa\u2019s management greenlights its MCB issuances:<\/strong> Shuaa Capital\u2019s board approved the issuance of AED 267.1 mn in mandatory convertible bonds (MCBs) to existing noteholders and AED 85-150 mn in new investor MCBs, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/717.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The issuances are subject to final adjustments and pending approval from the securities and commodities authority (SCA).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Shuaa Capital issued USD 150 mn in mandatory convertible bonds to existing notholders as part of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ac04d6af-4c16-4c8a-b84c-38d615622d71\/hsbc-to-exit-bahraini-retail-banking-business-%2B-unveils-plan-to-cut-costs\" style=\"\" rel=\"noopener\">exchange offer<\/a> for Shuaa\u2019s USD 150 mn notes due 31 March 2025. This follows an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/45e7e740-359e-4d17-9f86-21bf01480bbd\/%253cmark%253eshuaa%253c%2Fmark%253e-capital-restructures-usd-150-mn-debt\" style=\"\" rel=\"noopener\">April 2024<\/a> agreement with bondholders, allowing partial conversion of holdings into equity, while the remaining debt will be settled at a markdown by the due date. The company also previously secured <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d8e8e0b3-43b7-487a-8fa2-fce859a409be\/this-morning:%253cmark%253e-shuaa%253c%2Fmark%253e-capital-covers-first-tranche-of-mandatory-convertible-bond-issuance-%2B-abu-dhabi-vertiport-locations-shortlisted\" style=\"\" rel=\"noopener\">binding commitments<\/a> from institutional investors for a separate tranche, valued at up to AED 150 mn, convertible into shares at AED 0.32 per share. Shuaa had earlier announced plans to issue a total of AED 642.5 mn in MCBs as part of its broader capital optimization strategy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The expected issuance date of the MCBs is set for on or before 18 March, subject to receiving SCA\u2019s approval. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#3- DFM-listed m<\/strong><strong>aritime pla<\/strong><strong>yer GulfNav will review two separate valuati<\/strong><strong>on reports for acquisition target Brooge Energy\u2019s companies and assets <\/strong>during an upcoming general assembly meeting on Thursday, with the goal of deciding on whether or not the acquisition will go through, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/778.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the DFM. One of the valuation reports was prepared by an independent advisor appointed by the Securities and Commodities Authority, and values the company at a higher share price than the other report, which was prepared by GulfNav\u2019s advisor. The board recommends the approval of the latter valuation, and said the \u201coutcome of the votes on these two valuations will be critical in deciding whether the acquisition moves forward.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> GulfNav\u2019s board greenlit the acquisition of Brooge Petroleum and Gas Investment Company from Brooge Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da3107a0-816b-4f4f-87f2-c0bbe290f9f2\/gulfnav%25e2%2580%2599s-board-greenlights-terms-for-brooge-takeover\" style=\"\" rel=\"noopener\">last September<\/a>. The acquisition, which was initially expected to close in 4Q 2023 after GulfNav submitted the offer in October of that year, will be executed through a share swap agreement: Gulfnav plans to issue 358.8 mn new shares to Brooge Energy with a one-year lock-up period, alongside AED 2.3 bn in mandatory convertible bonds set to be converted into shares. Additionally, a separate AED 500 mn convertible bond issuance will be allocated to existing shareholders with the rump offering, if any, set to be limited to major shareholders. The company will also pay AED 460 mn in cash to settle the transaction.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Good news for holders of online foreign degrees in the UAE: <\/strong>The Higher Education and Scientific Research Ministry will begin accepting degrees obtained through distance learning, open education, and online degrees on certain conditions, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/education\/uae-issues-new-policy-on-recognition-of-foreign-university-degrees-1.500055926\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. To qualify, degrees must come from accredited institutions, follow official study programs, and comply with the UAE\u2019s recognition criteria for online learning, which limits online study hours to 18 credit hours per semester.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to do: <\/strong>Applicants must first verify their degrees through the ministry\u2019s authorized verification partners <a target=\"_blank\" href=\"https:\/\/www.dfgateway.com\/\" style=\"\" rel=\"noopener\">Dataflow<\/a> or <a target=\"_blank\" href=\"https:\/\/quadrabay.co\/\" style=\"\" rel=\"noopener\">QuadraBay<\/a> before obtaining an official recognition report. The process \u2014 conducted fully online \u2014 takes approximately 30 working days, with a three-month appeal period for denied applications.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #5- <\/strong><strong>DIFC <\/strong><strong>is eyeing 20% growth in 2025 as expansion plans take shape:<\/strong> Dubai International Financial Center (DIFC) is targeting 20% growth in new companies in 2025, following strong momentum in the first two months of the year, DIFC governor Essa Kazim told <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/32301\" style=\"\" rel=\"noopener\">Al Bayan<\/a>. The center is also finalizing its master plan for its expansion project, DIFC 2.0, with an official launch expected soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>DIFC 2.0, first announced in 2019, will add 13 mn square feet of office, residential, retail, and innovation space. DIFC buildings continue to see high occupancy rates, with a new tower expected to be completed in early 2026 to meet rising demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- DIFC <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d3cdb123-1bdb-4bce-ad84-fc473010932b\/%253cmark%253edifc%253c%2Fmark%253e-revenue-surges-37%2525-in-2024-as-tech-firms,-hedge-funds-fuel-record-growth\" style=\"\" rel=\"noopener\">saw record growth in 2024<\/a><\/strong><strong>,<\/strong><strong> attracting 1.8k new companies <\/strong>\u2014 a 25% y-o-y increase \u2014 bringing the total number of active firms to 6.9k. The majority of new entrants came from Asia and Europe, with DIFC also welcoming 200 family businesses last year.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>The <\/strong><strong>Sharjah Consultative Council\u2019s Legislative and Legal Affairs C<\/strong><strong>ommittee<\/strong><strong> is <\/strong><strong>reviewing a draft law regulating the emirate\u2019s judicial system<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bilg4t0-scc-committee-discusses-judicial-authority\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The proposed law defines the structure of the courts, their jurisdictions, operational procedures, and the criteria for appointing and promoting judges. The committee is conducting a detailed review of its 88 articles to ensure alignment with the existing legal framework.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/alphadhabi.com\/\" style=\"\" rel=\"noopener\">Alpha Dhabi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/alphadhabi.com\/\" style=\"\" rel=\"noopener\">Holding<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/\" style=\"\" rel=\"noopener\">Mubadala<\/a><\/strong><strong> Investment Company\u2019s private credit joint v<\/strong><strong>enture (JV) reached USD 1 bn in deployed capital<\/strong>, according to an ADX <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/762.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>, which did not provide further details on the transactions involved. Established in 2023, the JV is targeting USD 2.5 bn in private credit investments by 2028, leveraging Mubadala\u2019s partnership with Apollo Global Management to access high-quality lending opportunities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The two formed a JV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d6da55df-6734-4eae-9068-baaf08af4819\" style=\"\" rel=\"noopener\">in 2023<\/a> with USD 2.5 bn earmarked for lending in private credit over five years. Mubadala holds an 80% majority stake, with Alpha Dhabi owning the remaining 20%. Other <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7ffa5c35-3774-4135-ab0b-31ee97a871fc\/private-credit-emerges-as-mubadala%25e2%2580%2599s-top-performing-asset-over-the-past-three-years\" style=\"\" rel=\"noopener\">recent investment ventures<\/a> into private credit by Mubadala include a USD 1 bn co-investment with Goldman Sachs, a multi-bn-USD partnership collaboration with Apollo Management, a USD 1 bn investment to Blue Owl Capital\u2019s tech lending strategy, and a USD 1 bn investment for its JV with Ares Management. It is also the anchor investor in funds for both Starz Real Estate and Blue Opal Capital.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>The UAE\u2019s ins. sector is projected to reach USD 20 bn in 2025, growing at 15-20% <\/strong><strong>y-o-y,<\/strong> according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/618.pdf\" style=\"\" rel=\"noopener\">S&amp;P Global report (pdf)<\/a>. This growth is driven by rate increases in the property\/casualty (P\/C) sector, especially following the April 2024 floods, and an overall profitable underwriting performance, supported by rate adjustments and reins. commissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the downside, more UAE firms are subject to regulatory intervention:<\/strong> Some 25% of UAE-listed ins. firms operate below or just above the minimum solvency capital requirements, exposing them to a heightened risk of regulatory intervention in 2025. Additionally, rising reins. costs could put pressure on earnings, particularly for small and mid-sized firms. Despite a decline in high-risk asset exposure, capital and earnings volatility remain concerns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC ins. markets are expected to witness a top-line growth of 5-15% this year<\/strong> on the back of infrastructure developments, the launch of compulsory ins. schemes, population growth, and rate adjustments. Companies could also see further consolidation amid stricter regulations and weak capital buffers. <\/p>\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FTA <\/strong><strong>introduces new tax application for f<\/strong><strong>amily <\/strong><strong>businesses: <\/strong>The Federal Tax Authority (FTA) launched a new application on the <a target=\"_blank\" href=\"https:\/\/tax.gov.ae\/en\/emaratax.aspx\" style=\"\" rel=\"noopener\">EmaraTax platform<\/a>, allowing eligible family businesses to apply for joint venture status, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bilg4vw-fta-launches-%E2%80%98family-foundations-unincorporated\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Once approved, these firms will no longer need to file corporate tax returns<\/strong>, though individual beneficiaries may still be required to register and submit returns. To qualify, applicants must already be registered for corporate tax and meet the conditions set by <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/766.pdf\" style=\"\" rel=\"noopener\">Ministerial Decision No. 261 of 2024 (pdf)<\/a>.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Alpha <\/strong><strong>Data<\/strong><strong>\u2019s shares will begin trading on the ADX today<\/strong> in the exchange\u2019s first IPO of the year. The IT services firm will float a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33815556-e8e9-4ae6-8fe2-876808dc10d6\/%253cmark%253ealpha-data%253c%2Fmark%253e-plans-to-list-40%2525-stake-on-adx-as-early-as-next-month\" style=\"\" rel=\"noopener\">40% stake<\/a> in the secondary share sale, with Bin Hamoodah Company \u2014 one of Alpha Data\u2019s only two shareholders \u2014 selling a 26.67% stake, and Ibbini Investment selling a 13.3% stake. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cdbdc8fe-276f-4c96-b9b5-eb9314b9bbc2\/%253cmark%253ealpha-data%253c%2Fmark%253e-prices-ipo-top-of-the-range\" style=\"\" rel=\"noopener\">priced its IPO<\/a> at the top of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0da83252-bca3-4100-a5fe-ecb9c9a0c41d\/%253cmark%253ealpha-data%253c%2Fmark%253e-could-raise-up-to-aed-600-mn-from-ipo\" style=\"\" rel=\"noopener\">its indicative price range<\/a> at AED 1.50 per share, raising AED 600 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Adnoc\u2019s CEO Sultan Al Jaber is attending energy conference <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ceraweek.com\/\" style=\"\" rel=\"noopener\">CER<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ceraweek.com\/\" style=\"\" rel=\"noopener\">A Week in Houston<\/a><\/strong>, with meetings planned in Washington following the event as well as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3c9e723-64fa-4c6a-bbf2-691b62c695ed\/this-morning:-adnoc-eyes-acquisitions-of-natgas-fields-in-the-us--report-%2B-sharjah%25e2%2580%2599s-economy-to-grow-7.5%2525-this-year%3F\" style=\"\" rel=\"noopener\">plans to<\/a> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3c9e723-64fa-4c6a-bbf2-691b62c695ed\/this-morning:-adnoc-eyes-acquisitions-of-natgas-fields-in-the-us--report-%2B-sharjah%25e2%2580%2599s-economy-to-grow-7.5%2525-this-year%3F\" style=\"\" rel=\"noopener\"><\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3c9e723-64fa-4c6a-bbf2-691b62c695ed\/this-morning:-adnoc-eyes-acquisitions-of-natgas-fields-in-the-us--report-%2B-sharjah%25e2%2580%2599s-economy-to-grow-7.5%2525-this-year%3F\" style=\"\" rel=\"noopener\">discuss Adnoc\u2019s investment strategy<\/a>, including in the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>The state-run oil giant is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3c9e723-64fa-4c6a-bbf2-691b62c695ed\/this-morning:-adnoc-eyes-acquisitions-of-natgas-fields-in-the-us--report-%2B-sharjah%25e2%2580%2599s-economy-to-grow-7.5%2525-this-year%3F\" style=\"\" rel=\"noopener\">looking to snap up natural gas producing fields<\/a> in the US, Bloomberg reported earlier this week. The potential acquisitions will aim to support its existing US assets and enhance its access to fuel and feedstock for its chemical plants and liquefied natural gas (LNG) export facilities in the US. <\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A single story is dominating the headlines this morning: <\/strong>US President Donald Trump\u2019s tariffs sent US markets plunging yesterday. The S&amp;P 500 fell 2.7%, while tech stocks saw their biggest day of losses since 2022 \u2014 thanks to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/10\/tesla-shares-plunge-14percent-head-for-worst-day-in-five-years.html\" style=\"\" rel=\"noopener\">Tesla shares falling 15%<\/a>, seeing their worst performance in five years \u2014 and the Nasdaq dipped 3.8%, wiping out USD 1 tn in value. The Dow Jones also dropped 2.1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis big sell-off feels ugly, it feels nasty<\/strong>,\u201d Citigroup\u2019s Drew Pettit said. \u201cWe were coming off very high sentiment and very high growth expectations. All of this is just recalibrating to the new risks that are in front of us,\u201d he said. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-10\/markets-rocked-by-trump-shows-economic-fear-across-wall-street?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/09\/stock-market-news-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7f836a84-4fa5-4cd9-bcca-4e98d5a2e2a4\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/investors-flee-equities-trump-driven-uncertainty-sparks-economic-worry-2025-03-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/live\/trump-presidency-updates-3-10-2025\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/03\/10\/investing\/us-stocks-drop-after-trump-says-he-wont-rule-out-a-recession\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c4gdwgjkk1no\" style=\"\" rel=\"noopener\">BBC<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" 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story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"101514\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/sp-global-sees-the-uaes-economy-growing-by-5-1-in-2025\/\">\r\n                            S&amp;P Global sees the UAE\u2019s economy growing by 5.1% in 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n   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     \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/sp-global-sees-the-uaes-economy-growing-by-5-1-in-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/870.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101515\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/sp-global-sees-the-uaes-economy-growing-by-5-1-in-2025\/870-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/870.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"870.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/870.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/870.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101514\" class=\"content-area-description single-story post-101514 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-gdp tag-sp-global 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\/3\/.0b40a462-f295-42e0-b8be-41d049cf315f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE economy seen growing by 5.1% this year:<\/strong> S&P Global\u2019s Market Intelligence Unit sees the UAE\u2019s real GDP growing by 5.1% in 2025 and 5.0% in 2026, <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4558009\/-%D8%B3%D8%AA%D8%A7%D9%86%D8%AF%D8%B1%D8%AF-%D8%A2%D9%86%D8%AF-%D8%A8%D9%88%D8%B1%D8%B2-%D8%AC%D9%84%D9%88%D8%A8%D8%A7%D9%84--%D9%84%D9%80--%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF---5-1--%D9%86%D9%85%D9%88-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%A5%D9%85\" style=\"\" rel=\"noopener\">Al Etihad<\/a> reports, citing forecasts from S&P Global that it has seen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the growth:<\/strong> The UAE\u2019s non-oil economy is expected to maintain its momentum in 2025, driven by robust demand for services, particularly in tourism, trade, and finance sectors. Meanwhile, the increase in oil production in the UAE in 2025 due to the recent adjustment in its Opec+ quota will help accelerate growth in 2025 and 2026, according to S&P Global. However, weaker oil price expectations for 2025 are likely to lead to a decline in export revenues and government income compared to 2024, the agency said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The UAE is set to see a higher production quota of 3.5 mn barrels per day in 2025, up from the current 2.9 mn, after the oil cartel agreed to raise its production quota <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54d158d4-5a72-498f-9604-196685f72a65\/%253cmark%253eopec%253c%2Fmark%253e%2B-extends-supply-cuts,-granting-the-uae-a-higher-production-quota-for-2025\" style=\"\" rel=\"noopener\">last year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&P Global sees inflation remaining stable at 1.8% in 2025<\/strong>, driven by a strong AED and stable monetary policy, with the only exception coming in the form of a slight interest rate cut expected in May, which would help balance strong domestic demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no clear consensus over the UAE\u2019s growth prospects this year:<\/strong> S&P Global\u2019s forecast is in line with that of Fitch Solutions\u2019 research unit BMI, which recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d26af25a-1b70-4bb5-983d-6a308301755c\/fitch%25e2%2580%2599s-bmi-revises-uae%253cmark%253e-growth%253c%2Fmark%253e-forecast-down-slightly-for-2025,-remains-optimistic-for-2026\" style=\"\" rel=\"noopener\">revised<\/a> its forecast for the UAE\u2019s economy this year to 5.1%, slightly down from 5.2% predicted in October, while the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/24f48f21-5d4d-4239-8a52-b17469802ca3\/imf-revises-uae%25e2%2580%2599s-gdp-growth-forecast-down-to-4%2525\" style=\"\" rel=\"noopener\">International Monetary Fund<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc47cf12-966a-41ad-838d-787534b911d2\/world-bank-slightly-cuts-uae%25e2%2580%2599s-growth-forecast-for-2025\" style=\"\" rel=\"noopener\">World Bank<\/a> revised their forecasts for the UAE\u2019s economy this year to 4.0%. Meanwhile, the Central Bank of the UAE (CBUAE) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bea04561-e5ff-4c66-9900-456002e90887\/%253cmark%253ecbuae%253c%2Fmark%253e-maintains-2024-growth-forecast,-dials-back-2025-growth-expectations-on-extension-of-oil-supply-cuts\" style=\"\" rel=\"noopener\">penciled in<\/a> a higher growth estimate of 4.5% in 2025 in December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE is targeting a GDP of AED 3 tn by 2031. The economy is on track to grow 7.0% annually in the coming period if interest rates and inflation continue to decline globally, Economy Minister Abdulla bin Touq Al Marri <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7d430439-a0da-41d9-906b-6375b511d9b5\/the-uae-is-on-track-for-7%2525-annual-economic-growth-soon--al-marri\" style=\"\" rel=\"noopener\">said<\/a> earlier this month. Al Marri has repeatedly said 7.0% annual growth is a \u201c <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/gcc\/uae-aims-to-grow-economy-at-7-49-non-oil-growth-possible-in-2024-al-marri-kvyg1g9v\" style=\"\" rel=\"noopener\">personal target<\/a> \u201d of his, citing that figure in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-20\/uae-aims-to-grow-economy-7-reach-over-800-billion-by-2030?embedded-checkout=true\" style=\"\" rel=\"noopener\">2023<\/a> and 2024.<\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/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=\"101516\" 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=\"101516\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/emirates-nbd-gets-greenlight-to-conduct-due-diligence-on-banque-du-caire-ahead-of-a-potential-acquisition\/\">\r\n                            Emirates NBD gets greenlight to conduct due diligence on Banque Du Caire ahead of a potential acquisition                        <\/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\/03\/11\/emirates-nbd-gets-greenlight-to-conduct-due-diligence-on-banque-du-caire-ahead-of-a-potential-acquisition\/\" 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 move was okayed by the Central Bank of Egypt, after the government turned down a separate offer by an anonymous Kuwait-based bidder, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/banks\/73319\/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D8%A8%D9%8A-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A-%D9%8A%D8%A8%D8%AF%D8%A3-%D9%81%D8%AD%D8%B5-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D8%A8%D8%BA%D8%B1%D8%B6-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing two unnamed sources it says have knowledge of the matter. The transaction is expected to reach a close in a matter of six weeks, according to the outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Banque Misr is reportedly seeking USD 1-1.2 bn from the direct sale of a 45% stake in BdC, the source told us, implying that the BdC boasts a valuation of c.USD 3 bn, according to our calculations. A separate stake could be debuted on the EGX while the parent company \u2014 Banque Misr \u2014 retains a non-controlling stake, the source told us, adding that BdC is also open to competing bids from strategic investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Sourced had told a local Egyptian outlet last month that Emirati and Kuwaiti financial institutions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/659ecf10-20b5-42c2-a32a-858ec225c40e\/imf-board-to-sign-off-on-our-fourth-review-within-weeks\" style=\"\" rel=\"noopener\">have begun due diligence<\/a> to acquire at least 60% of Banque du Caire. The state was said to be looking to exit the lender in 2Q 2025, with CI Capital reportedly appointed as the financial advisor for the sale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat: <\/strong>Unresolved issues over BdC\u2019s Sinai-based assets, which under Egyptian law cannot be owned by foreign investors, are still being worked through \u2014 with options including selling those assets to a local investor or transferring them to a state-owned bank currently under review, Asharq Business reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context:<\/strong> The Egyptian government has floated \u2014 and repeatedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dea8e346-ad41-4501-829e-eb79835b9e95\/government-to-offer-up-stakes-in-ten-companies-to-strategic-investors-and--on-the-egx-in-2025\" style=\"\" rel=\"noopener\">delayed<\/a> \u2014 plans to list Banque du Caire since 2018. The government has continued to position BdC as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10adebc3-db27-4d24-a0fe-2972d103622d\/egypt%e2%80%99s-el-khatib-outlines-investment-ministry%e2%80%99s-vision\" style=\"\" rel=\"noopener\">prime privatization target<\/a>, with Prime Minister Moustafa Madbouly highlighting it in December as one of ten state-owned companies \u2014 alongside fellow banking sector stalwart Alexbank \u2014 slated for stake sales in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a wider privatization push: <\/strong>The transaction is unfolding against the backdrop of a broader government push to accelerate state asset sales and attract Gulf capital as part of efforts to shore up FCY reserves and stabilize public finances. The sale also reflects the deepening strategic alliance between Egypt and the UAE, which has already seen major investments like the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6c12975-8799-49e6-af3e-e896885687a3\/adq-taps%253cmark%253e-modon%253c%2Fmark%253e-holding-as-ras-el-hekma-master-developer\" style=\"\" rel=\"noopener\">Modon-backed Ras El Hekma project<\/a> and Al Dahra\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1991fbce-b46c-45ef-a30b-ea8ab3844fa9\/uae%25e2%2580%2599s-al%253cmark%253e-dahra%253c%2Fmark%253e-looks-to-invest-usd-230-mn-to-purchase-up-to-90k-feddans,-fund-reclamation\" style=\"\" rel=\"noopener\">agricultural expansion<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It wouldn\u2019t be the first time an Emirati investor shows interest in local Egyptian banks:<\/strong> The UAE\u2019s largest lender \u2014 FAB \u2014 made a run at EFG Hermes back in 2022, while Abu Dhabi\u2019s Chimera acquired financial services firm Beltone Holding. Chimera also took stakes in high-profile non-bank financial services outfits including GB Lease and MNT Investments.<\/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\/banking\/\">banking<\/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\/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=\"101518 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=\"101518\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/101518-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101518\" class=\"content-area-description single-story post-101518 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=\"101519\" 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=\"101519\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/bmi-sees-uaes-current-account-surplus-narrowing-to-7-7-of-gdp-in-2025\/\">\r\n                            BMI sees UAE\u2019s current account surplus narrowing to 7.7% of GDP in 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/bmi-sees-uaes-current-account-surplus-narrowing-to-7-7-of-gdp-in-2025\/\" 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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This forecast is a more bearish one than the consensus, which \u201cforesees a narrowing from 9.5% of GDP in 2024 to 8.5% of GDP this year,\u201d according to BMI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the drop: <\/strong>While BMI sees the services surplus widening throughout the year, the goods trade surplus is expected to fall on the back of \u201clower oil and non-oil exports,\u201d coupled with a robust increase in imports. The research unit took into account trends recorded in 2024, which showed a 14.6% rise in imports that \u201cmore than offset the strong increase in non-oil exports and re-exports.\u201d Rising imports along with a slowdown in Brent prices and increased oil production restrictions are all factors that are expected to carry over to this year, causing the goods trade surplus to narrow further.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where BMI sees oil prices this year: <\/strong>BMI\u2019s oil and gas team sees Brent prices falling by 4.8% in 2025. The decline in prices means that the research unit also sees oil exports dropping to 10.8% of GDP this year, down from a projected 12.4% of GDP in 2024 \u2014 a fall that it sees coming despite higher output levels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil exports are also set to see a slight decline:<\/strong> Non-oil exports and re-exports are seen dropping to 49.8% of GDP in 2025, down from 52.5% of GDP in 2024 on the back of \u201cstronger increase in nominal GDP, slower growth in precious metal prices (precious metals exports account for 15.8% of total exports) and weaker demand in key partners such as China, T\u00fcrkiye and the US,\u201d the report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Imports are also set to increase at a slightly slower pace,<\/strong> slipping to 59.2% of GDP from 61.3% in 2024. This slowdown is expected to be driven by lower global food prices and slower growth in gold prices, but it will be offset by a \u201cstrong demand for capital imports given large-scale infrastructure projects.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Potential risks could bring down our surplus further:<\/strong> US President Donald Trump\u2019s potential oil policies and regional geopolitical tensions stand as two key risks that could further narrow the UAE\u2019s surplus. A decision from Trump to increase the US\u2019s oil supply could prompt \u201cOpec+ to further prolong or increase the supply restrictions,\u201d which would lead to a sharper contraction in the UAE\u2019s oil exports. Meanwhile, a breakdown in ceasefire negotiations in Gaza and a subsequent return of unrest could have an impact on the UAE\u2019s port activity and reduce transport receipts, while an escalation of tension between the US and Iran could lead to disruptions in the Strait of Hormuz \u2014 another factor that could impact the UAE\u2019s ability to export.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Opec+ <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/074b3f33-57bb-4f94-9170-2de99fefdb12\/this-morning:%253cmark%253e-opec%253c%2Fmark%253e%2B-to-hike-production-next-month-%2B-emergency-gaza-focused-arab-league-summit-kicks-off-in-egypt-today\" style=\"\" rel=\"noopener\">agreed<\/a> to stick to plans to revive supply in April following repeated delays, according to a statement last week. The group cited \u201chealthy market fundamentals\u201d and a \u201cpositive outlook,\u201d but kept the door open for future changes in policy, saying the increase may be paused or reversed depending on market conditions. The UAE is set to see a higher production quota of 3.5 mn barrels per day in 2025, up from the current 2.9 mn, after the oil cartel agreed to raise its production quota last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D<\/strong><strong>espite the risks, the Emirates are well positioned to weather any economic shocks than<\/strong><strong>ks to FX reserves of <\/strong><strong>USD 218.5 bn<\/strong>, the report said. Growth in services exports may also partially offset the negative impact of the narrowing surplus thanks to an uptick in tourism, logistics activities, and secondary income from the UAE\u2019s foreign population. Additionally, any potential US tariffs aren\u2019t set to have much impact, as aluminum exports to the US only make up 1% of the UAE\u2019s total exports.<\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/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=\"101521\" 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=\"101521\">\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\/03\/11\/multiply-group-eyes-sale-of-district-cooling-unit-mubadala-exits-calisen\/\">\r\n                            Multiply Group eyes sale of district cooling unit + Mubadala exits Calisen                        <\/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\/03\/11\/multiply-group-eyes-sale-of-district-cooling-unit-mubadala-exits-calisen\/\" 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 firm has enlisted Standard Chartered to advise on the potential transaction, which could see it rake in some USD 1 bn in proceeds, the people said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Roadshow underway:<\/strong> Despite being in the early stages, the sale has reportedly drummed up interest from both regional and international investors, one person said. Multiply did not confirm or deny the potential sale, saying in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/807.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a> that it \u201ccontinuously assess[es] strategic options that have the potential to enhance shareholder value, including acquisitions, exits, and other forms of portfolio optimization.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Pal Cooling Holding:<\/strong> Founded in 2006, the Abu Dhabi-based firm owns and operates a portfolio of central cooling plants that supply chilled water for air conditioning at various stages of development, according to its <a target=\"_blank\" href=\"https:\/\/www.pchuae.com\/about\/\" style=\"\" rel=\"noopener\">website<\/a>. Pal has long-term contracts to supply over 600k tons of refrigeration (TR) of cooling, in addition to a healthy pipeline of projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>The energy and utilities vertical of Multiply Group (which consists of two subsidiaries) made up 17% of its net income split last year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/291.pdf\" style=\"\" rel=\"noopener\">2024 earnings release (pdf)<\/a>. Multiply Group\u2019s net income came in at AED 1 bn, up 7.1% y-o-y (excluding fair value charges). The firm's revenues rose 56.2% y-o-y to AED 2 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big players in the domestic market have been expanding their market share through <\/strong><strong>acquisitions. <\/strong>Mubadala-backed Tabreed acquired <a target=\"_blank\" href=\"https:\/\/www.tabreed.ae\/news\/tabreed-acquires-worlds-largest-district-cooling-scheme-downtown-dubai\/#:~:text=06%20April%202020%20%E2%80%93%20Dubai%2C%20United,cost%20of%20AED%202.48%20billion%20(\" style=\"\" rel=\"noopener\">an 80% stake<\/a> in Emaar Properties\u2019 district cooling unit in 2020, and DFM-listed Dubai-based Empower snapped up Dubai International Airport\u2019s <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2023\/may\/19-05\/dubai-international-airport-joins-empower\" style=\"\" rel=\"noopener\">district cooling assets<\/a> in 2023. It has also recently been on an acquisition spree for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e91f4d59-2fc2-4119-95e5-8c9563588b8d\/uae%25e2%2580%2599s-empower-awards-contracts-for-dubai%25e2%2580%2599s-jumeirah-district-cooling-project\" style=\"\" rel=\"noopener\">more district cooling units<\/a> across the country. This comes amid an ongoing wave of construction that has hiked demand for district cooling. <\/p>\n<p class=\"tag-border-left\"> IN OTHER M&amp;A NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala offloaded its indirect stake in Calisen, a UK-based provider of smart meters <\/strong><strong>and small-scale energy transition infrastructure,<\/strong> according to <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-completes-the-sale-of-its-stake-in-calisen-a-leading-provider-of-smart-meters-in-uk\" style=\"\" rel=\"noopener\">a press release<\/a>. The move caps a four-year PE investment cycle alongside a consortium of other investors who took the company private for GBP 1.4 bn in 2020. Information about the value of the sale wasn\u2019t disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Private equity firm EQT and Singapore's sovereign wealth fund GIC were said to be acquiring <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/eqt-gic-acquire-majority-stake-calisen-consortium-investors-2024-12-02\/\" style=\"\" rel=\"noopener\">a majority stake in Calisen in December 2024<\/a> from the consortium, valuing the company at around GBP 4 bn at the time. <\/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-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/multiply-group\/\">Multiply Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101523\" 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=\"101523\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/office-lease-rates-rise-in-2024-as-space-runs-out-knight-frank\/\">\r\n                            Office lease rates rise in 2024 as space runs out -Knight Frank                        <\/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\/03\/11\/office-lease-rates-rise-in-2024-as-space-runs-out-knight-frank\/\" 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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With space running out, companies are also pre-leasing offices before they are even completed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Occupancy levels hit record highs: <\/strong>Occupancy rates at the Dubai International Financial Center (DIFC) hit nearly 100%, while prime buildings on Sheikh Zayed Road are averaging 95.4% occupancy. Downtown Dubai and Business Bay are also near full capacity with occupancy levels ranging at 95-97%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Office lease rates in Dubai\u2019s major business districts jumped 24.3% year-on-year in 2H 2024<\/strong>. The Trade Centre District saw the biggest spike, with rents rising 96%. The Greens and Dubai South followed with an 83% increase, while Sheikh Zayed Road (West) recorded a 50.4% jump.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Companies are scrambling for space<\/strong>, with demand for 1.28 mn sq ft of office space recorded in 2024, up 64% y-o-y from 2023. The banking and finance, real estate, and business services sectors alone accounted for 843k sq ft of that demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Office sales transaction volumes jumped alongside leasing demand<\/strong>, with 1.6k transactions recorded in 2H 2024, a 10% increase compared to 1H. Transaction values also jumped, hitting AED 3.8 bn in 2H 2024, a 41% increase from 1H 2024 and a 38% spike compared to 2H 2023, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is it happening? <\/strong>Dubai\u2019s office boom is fueled by a wave of new businesses, multinational relocations, and local corporate expansions, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/property\/dubai-property-firms-moving-to-these-locations-due-to-shortage-of-quality-office-space?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> quotes head of research for Mena at Knight Frank Faisal Durrani as saying. The city\u2019s zero corporate tax, pro-business policies, and lower real estate costs compared to global financial hubs have made it a magnet for companies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>\u201cDespite recent growth, office rents still trail the pre-global financial crisis. Indeed, prime rates in the DIFC are still about 50% below 2009 levels,\u201d Durrani said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Relief is on the way:<\/strong> Dubai is set to add 8.2 mn sq ft of office space by 2028, an 86% increase from the previous development cycle between 2021 and 2024. The bulk of new supply will come from major projects like DIFC Square, which will add 5.4 mn square feet, along with Tecom\u2019s 650k sq ft and Aldar\u2019s Sheikh Zayed Road development, which will contribute 88k sq ft. Even with this influx of new office space, rents are expected to stay elevated as demand continues to outpace supply, Durrani added.<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101525\" 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=\"101525\">\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\">CABINET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/cabinet-approves-national-investment-strategy-targeting-aed-240-bn-in-fdi-flows\/\">\r\n                            Cabinet approves national investment strategy, targeting AED 240 bn in FDI flows                        <\/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\/03\/11\/cabinet-approves-national-investment-strategy-targeting-aed-240-bn-in-fdi-flows\/\" 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 new investment strategy targets boosting the total stock of foreign investments to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/929ca26b-e1c9-4084-b09f-4bc4f7d4a813\/uae-unveils-new-strategy-to-triple-fdi-by-2031\" style=\"\" rel=\"noopener\">AED 2.2 tn<\/a> by 2031, and annual FDI flows to AED 240 bn. This will see the share of FDI in total investments increase to above 30%, while FDI will contribute 8% of total GDP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>FDI inflows came in at AED 112 bn in 2023. Dubai\u2019s greenfield FDI projects alone attracted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/6b665087-e864-4545-b2fd-8fba4d240675\/dubai-tops-greenfield-fdi-flows-in-2024\/96e6f92a-3ed6-4cae-8892-1f3a3cc34c84\" style=\"\" rel=\"noopener\">AED 52.3 bn in capital in 2024<\/a>, while the value of UAE greenfield FDI projects fell 33% y-o-y to USD 14.5 bn (AED 53.2 bn) in 2024, normalizing after a particularly strong 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO APPROVED AT THE MEETING- <\/strong><\/p>\n<ul>\n<li>A <strong>national policy<\/strong> for combating <strong>health risk<\/strong>;<\/li>\n<li>new <strong>regulations for organ and human tissue donation<\/strong> and <strong>transplantation<\/strong>;<\/li>\n<li>allowing <strong>federal employees to work from abroad<\/strong>;<\/li>\n<li>establishing a <strong>pharma policies committee<\/strong> to be headed by Dr Thani bin Ahmed Al Zeyoudi;<\/li>\n<li>and restructure the<strong> Emirates Research and Development Council <\/strong>and the Postal Regulatory Committee. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three new CEPAs:<\/strong> The cabinet ratified three comprehensive economic partnership agreements (CEPA) with Malaysia, New Zealand, and Kenya. <\/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\/cabinet-watch\/\">CABINET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fdi\/\">FDI<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101527\" 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=\"101527\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/\">\r\n                            National Bank of Fujairah leads USD 100 mn syndicated loan for clinker plant                        <\/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\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/\" 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\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/')\">\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\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/\">\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=National Bank of Fujairah leads USD 100 mn syndicated loan for clinker plant&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/\">\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\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/&title=National Bank of Fujairah leads USD 100 mn syndicated loan for clinker plant\">\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=National+Bank+of+Fujairah+leads+USD+100+mn+syndicated+loan+for+clinker+plant+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F11%2Fnational-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant%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\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/798.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101528\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/national-bank-of-fujairah-leads-usd-100-mn-syndicated-loan-for-clinker-plant\/798-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/798.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"798.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/798.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/798.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101527\" class=\"content-area-description single-story post-101527 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-emirates-nbd tag-national-bank-of-fujairah tag-national-bank-of-ras-al-khaimah 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\/3\/.c43c726b-422a-40d0-8fd3-9a6f88e4f2fd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>NBF closes USD 100 mn syndicated loan for UAE cemen<\/strong><strong>t plant:<\/strong> The National Bank of Fujairah (NBF) finalized a single currency term and letter of credit syndicated loan with a value of USD 100 mn to finance Pure Cement's construction of a clinker production unit and waste heat recovery power plant in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/718.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The unit will produce 6.5k tons of clinker daily, while the plant will generate 8.5 MW of captive power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s in? <\/strong>NBF served as the arranger, facility, and security agent, leading the transaction alongside Emirates NBD and The National Bank of Ras Al Khaimah, which each contributed USD 25 mn to the syndicated facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go? <\/strong>The funds will go towards acquisitions of plant machinery, equipment, and other fixed assets. The project has a total cost of USD 135.9 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about Pure Cement: <\/strong>The UAE-based Pure Cement awarded Thyssenkrupp Industries India (tkII) a contract to design, engineer, and supply equipment for a clinker plant in Fujairah\u2019s Al Tawyeen region in <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/manufacturing\/thyssenkrupp-industries-india-lands-fujairah-clinker-project-work-gvwcoqcb\" style=\"\" rel=\"noopener\">2023<\/a>. The project, handled by tkII\u2019s Polysius Cement division, included raw material grinding systems and pyro processing technology, and marked Pure Cement\u2019s entry into the cement sector.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/national-bank-of-ras-al-khaimah\/\">National Bank of 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=\"101529\" 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=\"101529\">\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\">A MESSAGE FROM MASHREQ<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/operational-resilience-in-2025-and-beyond\/\">\r\n                            Operational resilience in 2025 and beyond                        <\/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\/03\/11\/operational-resilience-in-2025-and-beyond\/\" 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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As we step into 2025, CIOs and CTOs across industries must recognize that technology is not a business function; it is a vital component of operability. Ensuring resilience requires investment, foresight, and a strategic approach that extends beyond traditional risk mitigation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">At its core, operational resilience is about survival in an unpredictable environment. From geopolitical instability to climate events and cyber threats, businesses face an evolving landscape of disruptions. The question is no longer if an incident will happen, but when\u2014and how prepared we are to withstand it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A key area of focus is tertiary data management.<\/strong> The integrity of data is fundamental to resilience, and organizations must implement robust air-gapping techniques to protect against ransomware attacks. With cyber threats becoming more sophisticated, businesses must shift from reactive defenses to proactive cyber strengthening, ensuring continuous monitoring and rapid response capabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Additionally, technology leaders must balance innovation with architectural stability.<\/strong> The rapid adoption of AI and automation has the potential to create operational risks if implemented without proper safeguards. Just as an aircraft relies on a well-prepared runway, new technologies must be integrated into an ecosystem designed for stability, security, and efficiency. A misstep here could lead to data breaches, runaway costs, and systemic failures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Legacy systems also pose a significant challenge.<\/strong> Outdated technology is a bottleneck for resilience, requiring businesses to make strategic decisions on modernization. Whether through phased upgrades or complete overhauls, CTOs must ensure that critical systems remain adaptable and secure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond infrastructure, regulatory compliance is another pillar of resilience.<\/strong> With payment modernization, evolving cybersecurity mandates, and data sovereignty requirements varying across jurisdictions, businesses must stay agile in managing compliance across multiple regulatory frameworks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Finally, operational resilience is about people.<\/strong> Talent retention, upskilling, and fostering a culture of adaptability are essential to maintaining a resilient technology organization. The war for tech talent is real, and organizations that fail to invest in their teams will struggle to navigate future challenges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">As we look ahead, resilience is an ongoing journey. CTOs and CIOs must embrace a holistic approach that integrates cybersecurity, data integrity, technology modernization, regulatory agility, and talent strategy. The organizations that prioritize resilience today will be the ones leading the digital economy of tomorrow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mohamed Abdel Razek, Group Head of Tech, Transformation & Information at Mashreq<\/strong><\/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\/a-message-from-mashreq\/\">A MESSAGE FROM MASHREQ<\/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\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101531\" 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=\"101531\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/\">\r\n                            Dubai\u2019s property market rally nears record highs + Another regional business hub contender?                        <\/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\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/\" 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\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/')\">\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\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/\">\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=Dubai\u2019s property market rally nears record highs + Another regional business hub contender?&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/\">\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\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/&title=Dubai\u2019s property market rally nears record highs + Another regional business hub contender?\">\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=Dubai%E2%80%99s+property+market+rally+nears+record+highs+%2B+Another+regional+business+hub+contender%3F+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F11%2Fdubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender%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\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/128.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101532\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/dubais-property-market-rally-nears-record-highs-another-regional-business-hub-contender\/128-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/128.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"128.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/128.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/128.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101531\" class=\"content-area-description single-story post-101531 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-dubai tag-enterpriseam-uae tag-real-estate tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.caaf362c-0159-4cb4-b651-3e8755e6963a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s<\/strong><strong> property market is back in the international spotlight: <\/strong>Dubai\u2019s real estate market is approaching a historic bull run, with the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/84ea61c4-4c7c-48bc-bec0-d966a80a880e\" style=\"\" rel=\"noopener\">Financial Times<\/a> reporting that the 50-month rally is closing in on the 57-month record set before the 2008 real estate crash. Property prices surged 75% since 2021 to nearly AED 1.8k per sqft, with villa prices in gated communities and golf estates more than doubling, according to data provider Reidin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rally is driven by Dubai\u2019s growing population<\/strong>, which exceeded 3.8 mn in 2024, fueled by soaring demand from high-net-worth individuals, professionals, and long-term expats drawn by Dubai\u2019s liberalized visa policies and pandemic-era openness. Analysts say post-2008 mortgage reforms, including higher down payments, have also strengthened market resilience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But is a slowdown coming?<\/strong> Some warn that \u201cmassive competition\u201d among developers could cool price growth, with firms like Danube marketing one-bed flats \u201cfor the price of a studio\u201d and MAG Group\u2019s Talal Al Gaddah predicting price undercutting. Developers have some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ed6576fa-99a9-400c-92a0-2f1309bdf243\/dubai-home-prices-jumped-19.1%2525-in-2024-as-listings-fell-30%2525\" style=\"\" rel=\"noopener\">300k new homes<\/a> planned by 2029, according to a previous Knight Frank report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Another regional business hub contender? <\/strong>Qatar is emerging as a new rival in the Gulf\u2019s financial hub race, challenging Dubai and Abu Dhabi longstanding dominance, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-03-10\/after-dubai-abu-dhabi-riyadh-doha-joins-finance-hub-race-uae-s-turkey-pledge\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The likes of BlackRock\u2019s Global Infrastructure Partners and venture capital firms are increasingly setting up in Doha, supported by increased activity from its sovereign wealth fund the Qatar Investment Authority after domestic spending needs decline post-World Cup 2022.<\/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\/dubai\/\">Dubai<\/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\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101533\" 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=\"101533\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/\">\r\n                            Adnoc taps AIQ for USD 340 mn agentic AI deployment                        <\/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\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/\" 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\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/')\">\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\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/\">\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 taps AIQ for USD 340 mn agentic AI deployment&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/\">\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\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/&title=Adnoc taps AIQ for USD 340 mn agentic AI deployment\">\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+taps+AIQ+for+USD+340+mn+agentic+AI+deployment+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F11%2Fadnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment%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\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/825.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101534\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\/825-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/825.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"825.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/825.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/825.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101533\" class=\"content-area-description single-story post-101533 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adnoc tag-also-on-our-radar tag-artificial-intelligence tag-banking tag-careem tag-central-bank-of-the-uae tag-debt tag-enterpriseam-uae tag-fintech tag-moodys tag-national-bank-of-ras-al-khaimah tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.c03d2a70-a4a5-41bc-9976-d082333e3b26.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc struck a USD 340 mn agreement with its AI JV with Presight, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aiqintelligence.ae\/\" style=\"\" rel=\"noopener\">AIQ<\/a><\/strong><strong>,<\/strong><strong> to deploy AI <\/strong><strong>solutions across Adnoc\u2019s supply chain<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/773.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The three-year partnership will see EnergyAi rolled out across Adnoc\u2019s upstream operations, and will include seismic analysis, geological modeling and real-time process monitoring, to expedite business processes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>ADX-listed data analytics firm <a target=\"_blank\" href=\"https:\/\/www.presight.ai\/\" style=\"\" rel=\"noopener\">Presight AI<\/a> acquired a 51% stake in AIQ <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9b2de8cb-b4dd-460e-9d54-3fd1576c047b\/presight-completes-acquisition-of-aiq-for-usd-350-mn\" style=\"\" rel=\"noopener\">last year<\/a>, in a transaction that valued AIQ, originally Adnoc and G42\u2019s JV, at USD 1.4 bn. EnergyAI is an autonomous AI solution created <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2debdb88-42ac-4772-b4f9-913f39d0db15\/adnoc-pledges-aed-200-bn-in-renewables-investments,-launches-energy-industry%25e2%2580%2599s-first-autonomous-ai-agent-at-adipec\" style=\"\" rel=\"noopener\">in 2024<\/a> by Adnoc, in collaboration with G42, Microsoft, and AIQ. The AI agent was said to be able to speed up seismic surveys from months to days, and increase the accuracy of production forecasts by up to 90%.<\/p>\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>Phoenix Vent<\/strong><strong>ure Partners closes private placement for tech-startups fund:<\/strong> ADGM-based venture capital firm <a target=\"_blank\" href=\"https:\/\/pvp-me.com\/\" style=\"\" rel=\"noopener\">Phoenix Venture Partners<\/a> (PVP) closed its first private placement for the Phoenix Venture Partners Innovation Fund, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/phoenix-venture-partners-ltd-announces-a-first-close-of-the-private-placement-for-phoenix-venture-partners-innovation-fund-ceic-ltd-sp2t7zv3\" style=\"\" rel=\"noopener\">press release<\/a>. Professional investors, family offices and high-net-work individuals (HNWIs) took part in the private placement. The value of the first close was not disclosed, but the firm plans to raise USD 50 mn by the end of March 2026. It secured an ADGM license <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f7b25f9e-26db-4865-9517-6c80e7970ebc\/shorooq-partners-leads-usd-2-mn-pre-seed-funding-round-for-egypt%25e2%2580%2599s-settle-payments\" style=\"\" rel=\"noopener\">last September<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go?<\/strong> PVP will target early-stage tech startups, regionally and amongst G20 countries, they said. It will also focus on startups using tech within the financial, healthcare, education, agrifood systems, logistics and mobility, energy and sustainability, and consumer goods sectors.<\/p>\n<p class=\"tag-border-left\">PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>UAE <\/strong><strong>digital payment security gets an upgrade:<\/strong> The Innovation Hub of the Emirates Institute of Finance and the Federal Authority for Identity, Citizenship, Customs, and Port Security have partnered with several financial entities to integrate biometrics into payment processes, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bilfwxr-%D9%85%D8%B9%D9%87%D8%AF-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%8A%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D9%87%D9%88%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%AC%D9%86%D8%B3%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. This will be integrated into the Central Bank\u2019s instant payment platform Aani and local payment card system Jaywan. The financial entities include Emirates NBD, Sharjah Islamic Bank, Al Maryah Local Bank, and fintech companies PayBy and Tabby.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Al <\/strong><strong>Etihad <\/strong><strong>Payments + Visa launch co-badged Jaywan-Visa cards in <\/strong><strong>UAE: <\/strong><a target=\"_blank\" href=\"https:\/\/aep.ae\/\" style=\"\" rel=\"noopener\">Al Etihad<\/a><a target=\"_blank\" href=\"https:\/\/aep.ae\/\" style=\"\" rel=\"noopener\">Payments<\/a>, a subsidiary of the Central Bank of the UAE (CBUAE), has partnered with Visa to introduce Jaywan-Visa debit and prepaid cards, which enable both local and international payments, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/al-etihad-payments-and-visa-announce-jaywan-visa-co-badging-partnership-in-the-uae-vhn3g8ub\" 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>ICYMI- <\/strong><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\">Jaywan cards<\/a> are domestic cards issued by the CBUAE using licensing technology from Indian payment operator NPCI. The cards are being rolled out in phases among local banks, with all banks in the UAE expected to transition to Jaywan for debit cards within the next two years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breaking it down:<\/strong> Domestic transactions via the new card will be processed through the national card electronic switch UAESwitch, while payments outside the GCC will be handled by <a target=\"_blank\" href=\"https:\/\/corporate.visa.com\/en\/about-visa\/visanet.html\" style=\"\" rel=\"noopener\">VisaNet<\/a>. Cardholders can use their cards at Visa\u2019s 150 mn partner merchants across 200 countries for international purchases and online shopping. Al Etihad Payments and Visa will work with local banks, fintechs, and merchants to roll out the co-badged cards.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Etihad<\/strong><strong> also partnered with China\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unionpayintl.com\/en\/\" style=\"\" rel=\"noopener\">UnionPay International<\/a><\/strong><strong> to introduce UnionPay-Jaywan <\/strong>co-badged cards, enabling domestic and international payments in more than 180 countries through UnionPay, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/al-etihad-payments-and-unionpay-international-sign-strategic-agreement-to-launch-co-badge-card-in-the-uae-joeo9mvh\" 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>#3- <\/strong><strong>Careem <\/strong><strong>Pay expands remittance service to Egypt: <\/strong>UAE residents can now send money directly to Egyptian bank accounts via Careem Pay, Careem's digital payments platform, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/careem-pay-launches-money-transfers-to-egypt-ot34mxko\" style=\"\" rel=\"noopener\">press release<\/a>. The service claims to offer an exchange rate up to 50% lower than traditional banks, according to the company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Egypt is among the top five destinations for UAE remittances, with annual transfers estimated at USD 10 bn in recent years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Careem Pay enables transfers of up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7086be7a-8989-4722-a7dc-a221a697dbed\/dragon-oil-taps-schlumberger-for-egypt-production-optimization-partnership\" style=\"\" rel=\"noopener\">AED 150k<\/a> per transaction and up to AED 450k monthly to supported countries via SEPA, with 80% processed in under 30 minutes at rates 50% below banks.<\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M<\/strong><strong>etal Park lands at Kezad: <\/strong>Local metal producer Metal Park launched the first phase of its new AED 110 mn storage facility in Khalifa Economic Zones Abu Dhabi (Kezad), according to statements <a target=\"_blank\" href=\"https:\/\/www.kezadgroup.com\/en\/news-and-media\/2025\/03\/10\/metal-park-launches-storage-hub-in-kezad\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/metalpark.net\/blog\/293\" style=\"\" rel=\"noopener\">here<\/a>. The project is slated to be completed in three phases with a total storage capacity of 350k mt once operational as well as 54k cmb storage space specifically for metals. The facility has direct access to Khalifa Port through a modular road, Etihad Rail\u2019s network, and highways linking Abu Dhabi to the rest of the country. AD Ports Group inked an agreement with Metal Park to establish the hub back <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2022\/02\/28\/ad-ports-group-signs-agreement-to-establish-450000-sqm-metal-park-in-kizad\" style=\"\" rel=\"noopener\">in 2022<\/a>.<\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dewa explores energy collaboration with EPRI: <\/strong>The Dubai Electricity and Water Authority (Dewa) and the US\u2019 Electric Power Research Institute (EPRI) met to explore collaboration in implementing specialized training programs in areas including renewable energy, grid modernization, and energy storage, according to a <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/about-us\/media-publications\/latest-news\/2025\/03\/he-saeed-mohammed-al-tayer-discusses-strengthening\" style=\"\" rel=\"noopener\">press release<\/a>. R&amp;D and energy innovation were also discussed. <\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> 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class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/us-trade-war-could-trigger-more-expansionary-monetary-and-fiscal-policies-globally\/\">\r\n                            US trade war could trigger more expansionary monetary and fiscal policies globally                        <\/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\/03\/11\/us-trade-war-could-trigger-more-expansionary-monetary-and-fiscal-policies-globally\/\" 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/us-trade-war-could-trigger-more-expansionary-monetary-and-fiscal-policies-globally\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/805.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101536\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/11\/us-trade-war-could-trigger-more-expansionary-monetary-and-fiscal-policies-globally\/805-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/805.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"805.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/805.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/805.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101535\" class=\"content-area-description single-story post-101535 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-fiscal-policy tag-interest-rates tag-monetary-policy tag-planet-finance tag-trade 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\/3\/.41511fff-231f-457b-9b69-463db520437c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong>ongoing US trade war might push global economies to tweak their monetary and <\/strong><strong>fiscal policies to account for tariff shocks<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.fitchsolutions.com\/bmi\/country-risk\/some-economies-may-have-more-policy-space-respond-tariff-shocks-06-03-2025?fSWebArticleValidation=true&mkt_tok=NzMyLUNLSC03NjcAAAGZGjNvn0rJsLtw5hu1JJfk9Wj-2_RxVfM-Z4q4Df1xbKMybyr7JRfMOxUrZTNt5l8rZOloB4zNYqgILRMSMMzdUH5myQT8WEA_SACTlSdGfSMOxRHXnA?fSWebArticleValidation=true&mkt_tok=NzMyLUNLSC03NjcAAAGZHwotBppMB7bXuMEbeWedymGCsL4L8_AYL0JapfT3dLIUkEvZZFS76Fq6WkkugS5MIDokgxLLjLXF_JEmGBlcn3uuS92UH4OMIunWMqMepiLZSDzhgw\" style=\"\" rel=\"noopener\">Fitch Solutions<\/a> said. Last week, Trump imposed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/074b3f33-57bb-4f94-9170-2de99fefdb12\/this-morning:-opec%2B-to-hike-production-next-month-%2B-emergency-gaza-focused-arab-league-summit-kicks-off-in-egypt-today\" style=\"\" rel=\"noopener\">25% tariffs<\/a> on Canada and Mexico and doubled tariffs on Chinese imports to 20%. He also announced plans to apply 25% tariffs on EU imports, and plans to place <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2942bc59-f0aa-464d-81e5-9f603ac6c372\" style=\"\" rel=\"noopener\">additional 25% tariffs<\/a> on all steel and aluminum imports starting this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all about inflation and interest rates:<\/strong> To counteract economic slowdowns caused by tariffs, central banks may consider lowering interest rates, but their ability to do so varies across countries. The flexibility of monetary policy depends on how closely inflation aligns with targets and whether interest rates have room for adjustment compared to pre-pandemic levels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where do developed economies stand?<\/strong> The European Central Bank and central banks in Australia and Canada may have more capacity to cut rates due to inflation remaining near target. The US and UK stand in a middle position, with some ability to adjust rates but with inflation concerns potentially limiting aggressive reductions. Japan, facing an inflation rate of 4%\u2014double its target\u2014and a minimal policy rate spread, has little room for monetary easing. Meanwhile, China\u2019s policy rate is already far below its 2015\u20132019 average, significantly reducing its ability to introduce further cuts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For emerging markets, monetary policy flexibility is closely tied to economic stability. <\/strong>Countries with strong current account balances can lower interest rates with fewer concerns about currency depreciation or capital outflows. However, nations such as Brazil, Romania, and Poland face challenges due to above-target inflation and weaker external conditions, making interest rate cuts more difficult.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Governments looking to respond through fiscal measures such as increased spending or tax cuts face significant limitations<\/strong>. Resources have been strained by recovery efforts following the covid-19 pandemic and the surge in energy prices caused by the Russia-Ukraine war. Countries such as Germany, South Korea, and Australia, with relatively lower debt and manageable deficits, have more room to implement fiscal stimulus. In contrast, nations like France, Italy, Japan, and the UK, which are burdened with high government debt and fiscal deficits, have little flexibility to maneuver.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sell-off on Wall Street extended to Asian markets<\/strong>, with Japan\u2019s Nikkei falling 1.7%, while Topix fell 2%, and South Korea\u2019s Kospi is down 1.5%. China was not spared, with the CSI 3000 falling 0.2% and Hong Kong\u2019s Hang Seng index down 0.9% in early trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street futures indicate a lower open later today<\/strong>, as concerns over a potential recession continue to drag down stocks. <\/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\">9,393<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,136<\/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\">-1.7% (YTD: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,220<\/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\">-1.5% (YTD: +1.3%)<\/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-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>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\">4.3% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">11,746<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: -2.6%)<\/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>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\">31,137<\/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\">0.0% (YTD: +4.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,615<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.7% (YTD: -4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,600<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9% (YTD: +5.2%)<\/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>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\">5,387<\/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\">-1.5% (YTD: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 69.23<\/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\">-1.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.46<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7%<\/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 2,892<\/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>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 79,442<\/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\">-1.1% (YTD: -15.1%)<\/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 0.6% yesterday<\/strong> on turnover of AED 1.1 bn. The index is down 0.3% 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>Sharjah Cement and Industrial Development (+9.3%), Emirates Telecom Group (+2.5%) and Eshraq Investments (+2.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Umm Al Qaiwain General Investment (-9.9%), Pure Health Holding (-7.2%) and Space42 (-6.5%). <\/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 fell 1.7% on turnover of AED 686.1 mn. <strong>Nasdaq Dubai <\/strong>was down 1.5%, and up 1.3% YTD.<\/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>Adnoc petrochemicals JV Borouge appointed Al Ramz Capital as its liquidity <\/strong><strong>provider<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/716.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. Following regulatory approvals, Al Ramz will begin trading Borouge\u2019s shares within specified parameters starting today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cryptocurrency<\/strong> <strong>company<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.thephoenixgroup.com\/%5C\" style=\"\" rel=\"noopener\">Phoenix Group<\/a><\/strong><strong>\u2019s<\/strong><strong> CEO <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/48d9ffb1-c56c-4abd-b33c-b4c79e2a062d\/%253cmark%253ephoenix%253c%2Fmark%253e-appoints-munaf-ali-as-gceo,-eyes-nasdaq-dual-listing-in-2025\" style=\"\" rel=\"noopener\">Munaf Ali<\/a><\/strong><strong> (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/munafali\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) has <\/strong><strong>increased his stake in the company<\/strong>, acquiring 20 mn ordinary shares through direct market purchase since November 2024, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/phoenix-group-ceo-increases-stake-reinforcing-confidence-in-long-term-growth-strategy-dh105ths\" 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><a target=\"_blank\" href=\"https:\/\/www.adib.eg\/\" style=\"\" rel=\"noopener\">Abu Dhabi I<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adib.eg\/\" style=\"\" rel=\"noopener\">slamic Bank<\/a><\/strong><strong> (ADIB) will distribute AED 3 bn in dividends<\/strong> to its shareholders for 2024, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/822.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX. This represents 83.43 fils per share and 83.43% of its paid-up capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NBQ c<\/strong><strong>onsiders AED 360 mn in dividends: <\/strong>The <a target=\"_blank\" href=\"https:\/\/nbq.ae\/\" style=\"\" rel=\"noopener\">National Bank<\/a><a target=\"_blank\" href=\"https:\/\/nbq.ae\/\" style=\"\" rel=\"noopener\">of Umm Al Quwain<\/a> \u2019s (NBQ) board approved the distribution of AED 360 mn, or 18% of its paid-up capital, in dividends for 2024, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/823.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX.<\/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\" 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href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/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=\"101537\" 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\/03\/11\/101537-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101537\" class=\"content-area-description single-story post-101537 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;\">MARCH<\/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 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=\"\">Cabinet to roll<\/span><span style=\"font-weight:400;\"> out new tightened merger 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<\/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>15 April (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;\">, 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>16-17 April (Wednesday-Thursday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fastbull.com\/fastbull-finance-summit-dubai-2025?platform=2\" style=\"\">The FastBull Finance Summit<\/a><\/span><span style=\"font-weight:400;\">, Coca Cola Arena, 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>6-8 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>13-14 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/75-of-organizations-in-mena-looking-to-invest-in-hr-tech-suggests-hr-tech-mena-report-vqbna3t2\" style=\"\">The Annual HR Tech MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>12-14 September (Friday-Sunday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.realestateshow.ae\/\" style=\"\">International Real Estate and Investment Show<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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 <\/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>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>12-15 February (Thursday-Sunday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/siteglobal.com\/event\/site-global-conference-2026\" style=\"\">The Society for Incentive Travel Excellence Global Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/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<\/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 style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park. <\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Dubai\u2019s office occupancy levels hits record highs<\/p>\n","protected":false},"featured_media":101510,"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-101509","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c2cecb56-da86-49b6-b7d9-e816f31d226c","teaser":"Plus: Dubai\u2019s office occupancy levels hits record highs","photo_url":"https:\/\/ent.news\/2024\/4\/528.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy to grow 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