{"id":101611,"date":"2025-03-13T00:00:00","date_gmt":"2025-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=101611"},"modified":"2025-12-15T03:09:11","modified_gmt":"2025-12-15T03:09:11","slug":"mgx-invests-usd-2-bn-in-stablecoin-in-binance","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/mgx-invests-usd-2-bn-in-stablecoin-in-binance\/","title":{"rendered":"MGX invests USD 2 bn in stablecoin in Binance"},"content":{"rendered":"<section id=\"101613\" 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=\"101613\">\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\/13\/this-morning-bank-assets-rose-to-aed-4-6-tn-in-2024-abu-dhabi-inflation-fell-in-january\/\">\r\n                            THIS MORNING: Bank assets rose to AED 4.6 tn in 2024 + Abu Dhabi inflation fell in January                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/this-morning-bank-assets-rose-to-aed-4-6-tn-in-2024-abu-dhabi-inflation-fell-in-january\/\" 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/this-morning-bank-assets-rose-to-aed-4-6-tn-in-2024-abu-dhabi-inflation-fell-in-january\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101614\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/this-morning-bank-assets-rose-to-aed-4-6-tn-in-2024-abu-dhabi-inflation-fell-in-january\/2388-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2388.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2388.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101613\" class=\"content-area-description single-story post-101613 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-banking tag-central-bank-of-the-uae tag-enterpriseam-uae tag-nomura-holdings tag-oil-and-gas tag-opec-2 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\/.c3462cd2-9904-4785-8baa-524f0d2976fa.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>On an otherwise relatively quiet day of news, MGX\u2019s blockbuster USD 2 bn crypto-based investment in Binance grabbed global headlines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have several M&amp;A updates<\/strong>, with Emirates NBD\u2019s takeover bid of its Islamic unit Emirates Islamic receiving backing from the latter\u2019s board, and Dubai Aerospace Enterprise reportedly eyeing a sale of its maintenance unit Joramco. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- We have a special new interview series for you this morning<\/strong>, with an equally special guest. The World in 2030 is where we will attempt to make sense of the rapidly changing global landscape and technology trends defining how we will do business for years to come.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From Dubai to Abu Dhabi, Riyadh to Cairo, we\u2019ll be sitting down with the smartest people we know to break it all down.<\/strong> You can find our first in this series \u2014 with Mashreq\u2019s Group CFO Norman Tambach \u2014 below. <\/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>\u2601\ufe0fWEATHER- Expect another cloudy day today<\/strong>, with temperatures set to reach 28\u00b0C in Dubai before dropping to an overnight low of 20\u00b0C, according to our favorite weather app and the National Center of Meteorology's <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/992.pdf\" style=\"\" rel=\"noopener\">forecast (pdf)<\/a>. Meanwhile, <strong>Abu Dhabi could see more rain<\/strong>, with temperatures peaking at 23\u00b0C, with a low of 20\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So<\/strong><strong>, when do we eat? <\/strong>Maghrib is at 6:30pm today in Dubai and 6:34pm in Abu Dhabi. You\u2019ll have until fajr prayers at 5:13am in Dubai and 5:17am 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- <\/strong><strong>Nomura <\/strong><strong>Holdings is expanding its wealth management team in Dubai and Singapore<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-11\/nomura-expands-in-singapore-dubai-as-wealth-unit-turns-profit\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing Ravi Raju, the head of its international wealth business. The Japanese firm will open a new Dubai office, doubling its previous space to accommodate up to 60 staff, as it looks to build on its strong earnings momentum and to diversify revenue streams beyond investment banking.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The company is doubling down on investments in the region, with plans to hire <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eb3399c4-b1d8-4b13-b078-736c5ea267db\/%253cmark%253enomura%253c%2Fmark%253e-to-expand-dubai-team\" style=\"\" rel=\"noopener\">three to four relationship managers in Dubai<\/a> as it seeks to expand its UAE wealth management business. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Nomura currently has 15 employees in Dubai and plans to increase its global headcount by 50% across the UAE, Hong Kong, and Singapore within five years. The firm also aims to double its assets under management to USD 60 bn in the same period. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>UAE <\/strong><strong>car ins. premiums continue to rise, relief unlikely until June: <\/strong>Car owners renewing their vehicle ins. policies in the UAE saw premiums increase by 15-20% y-o-y on average in January and February, with rates unlikely to ease before June, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/banking\/uae-car-owners-must-wait-longer-for-insurance-rates-to-cool-off-1.500058177\" style=\"\" rel=\"noopener\">Gulf News<\/a> quotes Avinash Babur, CEO of InsuranceMarket.ae, as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Motor ins. costs in the UAE began climbing significantly in 2023 as insurers were instructed to cease deep discounting<\/strong>. The April 2024 floods further accelerated premium hikes due to widespread car damages. Electric cars, on the other hand, which were heavily impacted by flood-related damages last year, have seen premium hikes slow in 2025, after steep increases throughout 2024.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- UAE pushes new circular economy policies across key sectors: <\/strong>The UAE Circular Economy Council is looking to introduce new circular economy policies for sustainable infrastructure, transport, advanced manufacturing, food, and textile recycling, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bimmsb9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%AF%D8%A7%D8%A6%D8%B1%D9%8A-%D9%8A%D9%86%D8%A7%D9%82%D8%B4-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/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\"><a id=\"wwtt3\"><\/a><strong>#1- <\/strong><strong>Gross <\/strong><strong>bank assets in the UAE rose 2.4% <\/strong><strong>m-o-m to AED 4.6<\/strong><strong> tn at the end of December 2024<\/strong>, up from AED 4.45 tn in November 2024, according to the Central Bank of the UAE\u2019s (CBUAE) latest monetary and banking developments <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/965.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gross credit increased 0.8% m-o-m to AED 2.2 tn<\/strong>, driven by an 8.3% rise in foreign credit, which offset a 0.4% decline in domestic credit. The decline in local lending was led by a 2.5% drop in public sector credit, a 0.2% dip in private sector lending, and a 2.5% fall in loans to non-banking financial institutions. However, credit to the government sector increased by 1.6%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total bank deposits grew 1.5% m-o-m to AED 2.9 tn<\/strong>, with resident deposits rising 0.5% and non-resident deposits surging 13.9%. The increase in resident deposits was mainly due to a 4.2% rise in deposits from government-related entities, a 0.9% increase in private sector deposits, and a 16.5% jump in deposits from non-banking financial institutions, which outweighed a 5.2% decline in government sector deposits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CBUAE\u2019s total foreign assets jumped 4.2% m-o-m to approximately AED 860.5 bn<\/strong>, according to the bank\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/966.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- <\/strong><strong>Inflation in <\/strong><strong>Abu Dhabi fell to 0.2% y-o-y in January,<\/strong> down from 0.3% in December, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1014.png\" style=\"\" rel=\"noopener\">figures (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1014.png\" style=\"\" rel=\"noopener\">)<\/a> from the Abu Dhabi Statistics Center.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The main culprits:<\/strong> Prices of housing, water, electricity, gas, and other fuels \u2014 the largest component of the basket of goods and services \u2014 rose by 1.0% y-o-y, in what is its highest rise since January of last year. Food and beverage prices also increased by 1.7% on an annual basis. However, this was offset by a 5.1% decline in transport prices y-o-y, as well as a 4.0% y-o-y decrease in the prices of furnishings and household equipment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a m-o-m basis,<\/strong> Abu Dhabi\u2019s inflation slowed by 0.2% in January, after having slowed at the same rate in December, according to separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1015.png\" style=\"\" rel=\"noopener\">data (pdf)<\/a>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Dubai\u2019s GDP grew 2.9% y-o-<\/strong><strong>y in 3Q 2024,<\/strong> according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/858.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a> released by the government. <strong>The biggest contributors to GDP grew as follows:<\/strong><\/p>\n<ul>\n<li>The <strong>wholesale and retail trade<\/strong> sector expanded by <strong>3.4% y-o-y<\/strong> to AED 28.1 bn during the quarter, contributing the lion\u2019s share of the emirate\u2019s GDP with 26.0%;<\/li>\n<li><strong>Financial and ins. activities<\/strong> grew by 3.0% y-o-y to reach AED 11.2 bn;<\/li>\n<li>The <strong>transportation and storage<\/strong> sector grew 1.5% y-o-y to AED 10.9 bn;<\/li>\n<li>The <strong>manufacturing <\/strong>sector grew by 2.7% y-o-y to AED 9.3 bn;<\/li>\n<li>The <strong>real estate<\/strong> sector expanded by 4.6% y-o-y to just under AED 8.8 bn;<\/li>\n<li>The <strong>construction sector<\/strong> recorded a 3.8% y-o-y increase to nearly AED 7.2 bn.<\/li>\n<li>The <strong>ICT<\/strong> sector grew by 2.9% y-o-y to AED 5.6 bn,<\/li>\n<li>The <strong>electricity, gas, water supply, and waste management services <\/strong>sector saw growth slow down by 0.4% y-o-y, but contributed around 3.7% of total GDP with just under AED 4 bn.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Dubai\u2019s GDP <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2031075-63c9-4be1-896f-b5ed3355dacf\/dubai%25e2%2580%2599s-gdp-grew-3.1%2525-y-o-y-in-9m-2024\" style=\"\" rel=\"noopener\">grew<\/a> 3.1% y-o-y to AED 339.4 bn in 9M 2024, with wholesale and retail trade having contributed 24.5% of GDP during the first nine months of the year.<\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> Ajman Transport Authority has rolled out a contactless payment system for its<\/strong><strong> public buses<\/strong>, allowing riders to pay via bank cards, Apple Pay, Google Pay, or smartwatches, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15gnwdr-ajman-transport-introduces-open-contactless\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The initiative is now available on internal routes, with plans to expand to external routes soon. <\/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>It seems like we can\u2019t go a single morning without bringing up the Trump tariffs: <\/strong>US President Donald Trump threatened to introduce additional tariffs on EU imports, after the bloc responded to his 25% tariff on steel and aluminum, saying it would increase tariffs on USD 28 bn worth of US goods starting April. \u201cWhatever they charge us with, we're charging them,\u201d Trump said in response to the news. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/trumps-steel-aluminum-tariffs-take-effect-us-canada-trade-war-intensifies-2025-03-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/trump-tariffs-on-steel-aluminum-take-effect-with-no-exemptions?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-eu-tariffs-countermeasures-806a3b9bcc9cd4e45817e672d95f0070\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c3e4d8epdzdo\" style=\"\" rel=\"noopener\">BBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cTariffs are taxes. They are bad for business and worse for consumers<\/strong>,\u201d EU President Ursula von der Leyen said, adding that \u201cnobody needs that \u2014 on both sides, neither in the European Union nor in the United States.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME-<\/strong> Israel and Lebanon kicked off US-backed talks over their border and the possible withdrawal of Israeli troops. Delegates from the two sides met earlier this week in the presence of US and French mediators (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/israel-lebanon-start-us-backed-border-talks-as-ceasefire-holds?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.indexexhibition.com\/\" style=\"\" rel=\"noopener\">INDEX<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.workspaceexhibition.com\/\" style=\"\" rel=\"noopener\">Workspace<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.thehotelshow.com\/\" style=\"\" rel=\"noopener\">The Hotel Show<\/a><\/strong><strong> design and hospitality exhibitions will take<\/strong><strong> place from Tuesday, 27 May until Thursday, 29 May <\/strong>at the Dubai World Trade Center. The exhibitions will bring together global brands, architects, designers, and hospitality experts to explore industry trends. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong>UAE<\/strong><strong> National Media Office will hold BRIDGE, a global media summit, in Abu<\/strong><strong> Dhabi from Monday, 8 December to Wednesday, 10 December<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bim1ken-national-media-office-launches-bridge-summit\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Powered by the newly established non-profit BRIDGE Foundation, set up by the National Media Office, the event will bring together more than 2k media professionals to explore the future of media, boost its contribution to GDP, and foster cooperation in the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central 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YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101616\" 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=\"101616\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/mgx-invests-landmark-usd-2-bn-in-binance\/\">\r\n                            MGX invests landmark USD 2 bn in Binance                        <\/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\/13\/mgx-invests-landmark-usd-2-bn-in-binance\/\" 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\/13\/mgx-invests-landmark-usd-2-bn-in-binance\/')\">\n                    Copy Link               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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/mgx-invests-landmark-usd-2-bn-in-binance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1017.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101617\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/mgx-invests-landmark-usd-2-bn-in-binance\/1017-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1017.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1017.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1017.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1017.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101616\" class=\"content-area-description single-story post-101616 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-crypto tag-enterpriseam-uae tag-investment tag-investment-watch tag-mgx 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\/.b7309066-8099-4610-bb61-ab41d41d13f2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi\u2019s<\/strong><strong> AI fund <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mgx.ae\/en\" style=\"\" rel=\"noopener\">MGX<\/a><\/strong><strong> has invested USD 2 bn via stablecoin in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.binance.com\/en\" style=\"\" rel=\"noopener\">Binance<\/a><\/strong>, the world\u2019s largest cryptocurrency exchange, the platform said in a <a target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/mgx-backs-binance-in-landmark-investment-6242106085221073480?hl=en\" style=\"\" rel=\"noopener\">press release<\/a>. The investment marks the single largest investment into a cryptocurrency company and is the first institutional investment in Binance. It is also the largest investment ever paid in stablecoin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The investment will see MGX secure a minority stake in Binance, the statement said. Binance currently employs one-fifth of its 5k strong workforce in the UAE, with its 260 mn users generating USD 100 tn in cumulative trading volume.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This marks MGX\u2019s first investment in crypto<\/strong>, with the fund having focused its investments on AI thus far. Besides <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/964d2ba1-4872-423a-a2af-0a770161b4e3\/this-morning:-mgx-to-invest-in-french-ai-%2B-anthropic%3F\" style=\"\" rel=\"noopener\">pledging initial investments<\/a> in the USD 30-50 bn planned data centers in France and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/687f4e35-3585-46c7-9adc-a21f28150e5c\/e&amp;-sells-stake-in-khazna,-while%253cmark%253e-mgx%253c%2Fmark%253e-buys-in\" style=\"\" rel=\"noopener\">buying into Khazna Data Centers<\/a>, it has also invested in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cfb3f47d-3364-478a-9283-ae8cbbc91d89\/this-morning:-dfm-rises-to-10-year-high-%2B-dubai-to-introduce-real-estate-tokenization\" style=\"\" rel=\"noopener\">Elon Musk\u2019x AI firm xAI<\/a>, as well as in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/450aed3f-271d-42a8-a7e0-3e99388883c0\/%253cmark%253emgx%253c%2Fmark%253e-backs-openai-in-bumper-usd-6.6-bn-funding-round\" style=\"\" rel=\"noopener\">ChatGPT maker OpenAI<\/a>, and has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/15281c45-4a21-43a3-b3c6-4f3c8781c388\/big-moves-from-g42-and%253cmark%253e-mgx%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">backed<\/a> a major AI infrastructure fund launched by BlackRock and Global Infrastructure Partner. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>This reflects MGX\u2019s \"commitment to advancing blockchain\u2019s transformative potential for digital finance, according to MGX CEO Ahmed Yahia, whilst Binance CEO Richard Teng called the investment \u201ca significant milestone for the crypto industry and for Binance.\u201d Teng previously served as CEO of the Abu Dhabi Financial Services Authority.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/58f74ab4-f978-446e-a782-574349e82235\/nmdc-to-approve-ipo-of-epc-unit-today%3F-%2B%253cmark%253e-binance%253c%2Fmark%253e-eyes-dubai,-abu-dhabi-for-hq-office\" style=\"\" rel=\"noopener\">Last summer<\/a><\/strong><strong> Binance was considering setting up its headquarters in the Emirates<\/strong> \u2014 in Dubai, Abu Dhabi, or a third undisclosed city \u2014 Teng told Bloomberg. It had secured approval from Dubai\u2019s Virtual Assets Regulatory Authority (Vara) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/58f74ab4-f978-446e-a782-574349e82235\/nmdc-to-approve-ipo-of-epc-unit-today%3F-%2B%253cmark%253e-binance%253c%2Fmark%253e-eyes-dubai,-abu-dhabi-for-hq-office\" style=\"\" rel=\"noopener\">earlier in April<\/a> to operate as a Virtual Asset Service Provider (Vasp).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Welcome news: <\/strong>The investment is a vote of confidence for an industry that recently had some bad press following cryptocurrency\u2019s biggest hack <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/496a15e8-e251-4228-9b8b-4e9e3f3a6079\/this-morning:-dubai-based-bybit-faces-largest%253cmark%253e-hack%253c%2Fmark%253e-in-the-crypto-sector-yet-%2B-emirates-eyes-more-china-flights-in-mid-2025\" style=\"\" rel=\"noopener\">last month<\/a> when Dubai-based cryptocurrency exchange Bybit lost over USD 1.5 bn following a cyberattack.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mgx\/\">MGX<\/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=\"101618\" 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=\"101618\">\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\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/\">\r\n                            EIB\u2019s board backs Emirates NBD\u2019s takeover offer                        <\/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\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/\" 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\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/')\">\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\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/\">\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=EIB\u2019s board backs Emirates NBD\u2019s takeover offer&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/\">\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\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/&title=EIB\u2019s board backs Emirates NBD\u2019s takeover offer\">\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=EIB%E2%80%99s+board+backs+Emirates+NBD%E2%80%99s+takeover+offer+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F13%2Feibs-board-backs-emirates-nbds-takeover-offer%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\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1838.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101619\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/eibs-board-backs-emirates-nbds-takeover-offer\/1838-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1838.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1838.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1838.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1838.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101618\" class=\"content-area-description single-story post-101618 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-banking tag-emirates-nbd tag-ma tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.f55f9170-a6df-4735-8b2b-db3df8ebb981.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> DFM-listed Emirates Islamic Bank\u2019s (EIB) board recommended that <\/strong><strong>shareholders accept <\/strong><strong>Emirates NBD\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/792b9896-75c8-42bf-8122-43552219b8cc\/%253cmark%253eemirates%253c%2Fmark%253e-nbd-to-become-sole-owner-of-eib-ahead-of-delisting-the%253cmark%253e-islamic%253c%2Fmark%253e-bank-from-dfm\" style=\"\" rel=\"noopener\">AED 699 mn<\/a><\/strong><strong> full takeover bid<\/strong>, after approving its fair value report, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/940.pdf\" style=\"\" rel=\"noopener\">a disclosure (pdf)<\/a>. The takeover bid would see Dubai\u2019s largest bank by assets snap up EIB\u2019s remaining 0.11% free-float stake for AED 11.95 apiece.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Offer price at premium to fair value price: <\/strong>EIB\u2019s financial advisor KPMG pegged the fair value between AED 3.68-4.06 per share, making the offer a hefty 3x premium. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Shareholders have until Tuesday, 27 March to accept the offer. Upon completion, Emirates NBD will be the sole owner of EIB after delisting it from the DFM. EIB will continue to operate independently, retaining its commercial registration and trade name, with business operations set to remain unchanged. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market <\/strong><strong>reax<\/strong><strong>: <\/strong>EIB share price remained flat at AED 11.95 on yesterday\u2019s close. <\/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\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101620 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=\"101620\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/101620-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101620\" class=\"content-area-description single-story post-101620 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\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/976.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=\"101621\" 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=\"101621\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/dubai-aerospace-wants-to-sell-its-aircraft-maintenance-unit-amid-hot-demand-for-mro-providers\/\">\r\n                            Dubai Aerospace wants to sell its aircraft maintenance unit amid hot demand for MRO providers                        <\/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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     <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/dubai-aerospace-wants-to-sell-its-aircraft-maintenance-unit-amid-hot-demand-for-mro-providers\/&title=Dubai Aerospace wants to sell its aircraft maintenance unit amid hot demand for MRO providers\">\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+Aerospace+wants+to+sell+its+aircraft+maintenance+unit+amid+hot+demand+for+MRO+providers+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F13%2Fdubai-aerospace-wants-to-sell-its-aircraft-maintenance-unit-amid-hot-demand-for-mro-providers%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1019.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1019.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1019.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1019.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101621\" class=\"content-area-description single-story post-101621 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-aviation tag-dubai-aerospace-enterprise tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.d9513af0-f37c-45f9-b819-dc4ff609bc64.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Dubai Aerospace eyes sale of Jordan\u2019s Joramco:<\/strong> The MENA region\u2019s largest aircraft-leasing company <a target=\"_blank\" href=\"https:\/\/dubaiaerospace.com\/\" style=\"\" rel=\"noopener\">Dubai Aerospace Enterprise (DAE)<\/a> is said to be mulling the sale of its aircraft maintenance unit, <a target=\"_blank\" href=\"https:\/\/www.joramco.com.jo\/\" style=\"\" rel=\"noopener\">Joramco<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/dubai-aerospace-said-to-seek-buyer-for-aircraft-maintenance-unit?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. DAE reportedly tapped Morgan Stanley for the transaction, which could see it divest its entire holding, good for an 80% stake, in the Jordan-based company. Dubai Aerospace is a subsidiary of Dubai sovereign wealth fund the Investment Corporation of Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> DAE acquired the 80% stake in Joramco from the now collapsed private equity firm Abraaj Group back in 2016, with Royal Jordanian airline still holding the remaining 20%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sale comes amid hot demand for jet maintenance providers<\/strong> as delays in new jet deliveries by Boeing and Airbus, along with a global aircraft shortage, push airlines to extend the life of older planes. The company plans to open a new hangar by this month to accommodate this growth, according to Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Joramco: <\/strong>The company serves more than 130 customers across over 60 countries through five hangars and 10 workshops, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/998.pdf\" style=\"\" rel=\"noopener\">DAE\u2019s investors presentation (pdf).<\/a> Most of its business is concentrated in Europe (58%), followed by the Middle East (34%) and South Asia (4%). The MRO provider reported a 35% rise in sales in <a target=\"_blank\" href=\"https:\/\/aviationweek.com\/mro\/aircraft-propulsion\/dae-reports-busy-2024-mro-leasing?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">9M 2024<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-aerospace-enterprise\/\">Dubai Aerospace Enterprise<\/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=\"101623\" 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=\"101623\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/\">\r\n                            ROR Coffee Solutions earmarks AED 30 mn for overseas expansion                        <\/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\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/\" 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\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/')\">\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\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/\">\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=ROR Coffee Solutions earmarks AED 30 mn for overseas expansion&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/\">\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\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/&title=ROR Coffee Solutions earmarks AED 30 mn for overseas expansion\">\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=ROR+Coffee+Solutions+earmarks+AED+30+mn+for+overseas+expansion+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F13%2Fror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion%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\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1031.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101624\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/ror-coffee-solutions-earmarks-aed-30-mn-for-overseas-expansion\/1031-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1031.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1031.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1031.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1031.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101623\" class=\"content-area-description single-story post-101623 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-food-and-beverage tag-investment-watch tag-retail 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\/.0b69d6d0-5c11-4e5c-b9cb-0afe0f79bf50.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ROR <\/strong><strong>Coffee Solutions targets MENA, Europe in AED 30 mn expa<\/strong><strong>nsion plan: <\/strong>UAE-based specialty coffee company <a target=\"_blank\" href=\"https:\/\/ror.ae\/\" style=\"\" rel=\"noopener\">ROR Coffee Solutions<\/a> raised AED 30 mn to accelerate its growth in the MENA region \u2014 particularly in Saudi Arabia \u2014 and Europe, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ror-coffee-solutions-secures-aed-30mln-investment-to-drive-regional-and-global-expansion-n49kiyzo\" style=\"\" rel=\"noopener\">press release<\/a>. The company did not disclose the investor. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Where will the<\/strong><strong style=\"background-color: transparent;\"> funds go? <\/strong><span style=\"background-color: transparent;\">The funds will be allocated towards expanding roasting and production facilities, introducing corporate coffee solutions, launching premium retail offerings, and expanding its workforce.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About ROR Coffee Solutions: <\/strong>Founded in 2017 by Emirati entrepreneur Omar Al Falasi, ROR Coffee Solutions is a specialty coffee provider catering to businesses and consumers across the GCC market. The company sources premium green coffee from regions such as Kenya, Brazil, Costa Rica, Yemen, and Colombia. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/retail\/\">retail<\/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=\"101625\" 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=\"101625\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/\">\r\n                            Longevity Wellness raises USD 4 mn to fund GCC expansion                        <\/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\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/\" 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\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/')\">\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\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/\">\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=Longevity Wellness raises USD 4 mn to fund GCC expansion&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/\">\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\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/&title=Longevity Wellness raises USD 4 mn to fund GCC expansion\">\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=Longevity+Wellness+raises+USD+4+mn+to+fund+GCC+expansion+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F13%2Flongevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion%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\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1023.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101626\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/longevity-wellness-raises-usd-4-mn-to-fund-gcc-expansion\/1023-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1023.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1023.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1023.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1023.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101625\" class=\"content-area-description single-story post-101625 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-healthcare tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.ce2c9a36-1cd7-4243-986f-a72177d8d7b9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE-bas<\/strong><strong>ed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.longevity-sports.com\/\" style=\"\" rel=\"noopener\">Longevity Wellness Hub<\/a><\/strong><strong> raised USD 4 mn in funding for regiona<\/strong><strong>l expansion<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/03\/longetivy-wellness-hub-secures-4-million-fuel-gcc-expansion\" style=\"\" rel=\"noopener\">press release<\/a>. The wellness company, which offers health solutions like red light therapy and hyperbaric oxygen therapy, did not disclose who the investors were.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Longevity is planning to open five new wellness hubs across Dubai, Abu Dhabi, and Riyadh, as it looks to expand across GCC nations. It will also continue to invest in patented advanced quantum scanning, which is a \u201cnon-invasive diagnostic tool [using] biometrics, voice frequency analysis, and quantum physics to provide deeply personalized health insights,\u201d the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Previous partnerships: <\/strong>Longevity has already partnered with the likes of Dubai Police, Emirates Platinum, and Abu Dhabi Adnoc Marathon on wellness projects.<\/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\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101627\" 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=\"101627\">\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\">THE WORLD IN 2030<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/on-ai-risk-and-the-challenges-of-culture-change-a-chat-with-norman-tambach-group-cfo-at-mashreq\/\">\r\n                            On AI, risk, and the challenges of culture change: A chat with Norman Tambach, group CFO at Mashreq                        <\/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\/13\/on-ai-risk-and-the-challenges-of-culture-change-a-chat-with-norman-tambach-group-cfo-at-mashreq\/\" 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 uncertainty continues to weigh on investors and businesses alike, with everything from the ongoing US trade war to potential ceasefires for wars in Gaza and Ukraine shaking up geopolitical relations, markets, and global financial flows, two concepts have emerged as priorities for businesses: adaptability and resilience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business owners are looking at future-proofing their businesses, countries \u2014 like the UAE \u2014 are expanding trade partnerships and diversifying their economies, and everyone in the C-suite is thinking about AI. <\/strong>From Dubai to Cairo, Abu Dhabi to Riyadh, we\u2019re sitting down with the smartest people we know to sort out how to make sense of it all \u2014 and identify the trends now taking shape that will change how we all do business in 2025 and beyond. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Today\u2019s guest:<\/strong> Norman Tambach (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/normantambach\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), group chief financial officer at Mashreq. Norman took on the role a little over a year ago, after more than ten years at <a target=\"_blank\" href=\"https:\/\/www.ing.de\/\" style=\"\" rel=\"noopener\">ING Germany<\/a>, where he was also CFO as of 2019. He also spent two decades with KPMG in Europe. Norman, like so many of the Mashreq executives we\u2019ve sat down with, is passionate about tech and staying ahead, and is constantly thinking about bringing into the fold the right people to drive change. <strong>Edited excerpts from our conversation: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: We\u2019re barely even three months in, and 2025 has already been a wild ride globally. What trends do you see taking shape this year that will change how we all do business in 2030?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT: If you had asked me that question just a month or two ago, I would have said it was all about how the world reacted to falling interest rates. <\/strong>The European Central Bank started that process last year, cutting rates four times between June and December to 3% from 4% at the start of the year. That process really accelerated toward the end of the year. It was a similar story in the United States, though the Federal Reserve started a bit later, cutting 100 bps between September and December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The expectation heading into January was that we would likely see the Fed cut rates four times this year, but the combination of trade and fiscal uncertainties in the United States along with high inflation there in January now sees many penciling in two cuts this year totaling 50 bps. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Obviously, fewer rate cuts are better for net interest margins if you\u2019re a bank, but weighing on the other side of the equation is the sheer volume of change now reshaping the global trade and political systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What does the Trump administration mean for our part of the world?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT: It\u2019s still too early to tell, really, but it\u2019s clear his second term will be about change on a global scale.<\/strong> His America-first policies will challenge many: Europe, which is struggling with growth, will face headwinds. Many European corporates were already struggling, the continent is still adapting to a lack of cheap Russian energy. Volkswagen was on the verge of closing three factories last year \u2014 that would have been unthinkable a decade ago. And Europe also faces significant issues with social security. So I see challenges for Europe. China will also face&nbsp;<span style=\"background-color: transparent;\">additional economic headwinds, as the recent imposition of tariffs by Washington underscores.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the other hand, I am optimistic. <\/strong>The US and the Gulf Cooperation Council (GCC) countries, particularly the UAE, have strong bilateral ties and have always maintained a solid relationship. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Let\u2019s imagine you\u2019re seated at a dinner party next to a newly-appointed bank CFO. She asks for three pieces of advice. What do you tell her?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT:<\/strong> <strong>I would start with resilience, meaning diversified revenues, strong risk management, lean in costs and scalable processes. <\/strong>The best time to start building resilience in your organization at all levels was during the last three years. The next-best time is now. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">If she\u2019s just been appointed CFO, she has a fresh pair of eyes and doesn\u2019t need me there. <strong>But I\u2019d tell her to watch for opportunities in our part of the world<\/strong>, in the GCC in particular. Work with the CEO and the business leaders to grasp these opportunities. Even with all the change happening, I still feel bullish on this region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You need to keep your eyes open for signals to the contrary<\/strong>, but we\u2019re still in a reasonably&nbsp;<span style=\"background-color: transparent;\">benign economic cycle right now. GCC finances are strong and risk costs are still below long&nbsp;<\/span><span style=\"background-color: transparent;\">term averages. GCC leaders have a steady hand in steering their countries. Furthermore, the economic development of India is also contributing to how our regional story is developing.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What \u201csignals to the contrary\u201d are you looking at?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT:<\/strong> For example: Do we see credit risk going up? As mentioned, we do not see this happening at the moment but are keeping a close watch for signals of a turning of the cycle. Larger&nbsp;<span style=\"background-color: transparent;\">companies are cash rich and comfortably paying down loans. Furthermore, we\u2019re not seeing big surges in highly cyclical products such as personal loans, SME loans, or credit cards. <\/span><strong style=\"background-color: transparent;\">Whether you\u2019re a banker or leading another business, trends in consumer and small-business health are critical signals to watch.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Obviously, any change in guidance or sentiment on interest rates.<\/strong> Whether you\u2019re allocating capital or hoping to take it on, interest rate dynamics are a big influence. The ability to source capital when an investor could get 7% and acceptable risk from a portfolio of bonds is very different than when interest rates are half that figure or less.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 2025, like most of us I\u2019m also watching geopolitics closely.<\/strong> What happens with Ukraine? With Israel-Palestine? How do tariffs and the China-plus-one manufacturing strategies impact supply chains and inflation?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What\u2019s your outlook for the UAE?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">NT: I don\u2019t have a crystal ball but let me say this: If you accept that it is possible our world will be&nbsp;<span style=\"background-color: transparent;\">marked by more protectionism, more tariffs, and more friction, then <\/span><strong style=\"background-color: transparent;\">I think being based in the&nbsp;<\/strong><strong style=\"background-color: transparent;\">UAE is a very good thing indeed.<\/strong><span style=\"background-color: transparent;\"> The UAE continues to build strong relationships with other&nbsp;<\/span><span style=\"background-color: transparent;\">nations \u2014 they are quite neutral in that respect. The UAE wants to trade and do business with&nbsp;<\/span><span style=\"background-color: transparent;\">everyone. Ultimately, the UAE\u2019s commitment to sound regulation, to peace and prosperity, to&nbsp;<\/span><span style=\"background-color: transparent;\">open trade relationships are all very good for business. The UAE as a whole, and Dubai in&nbsp;<\/span><span style=\"background-color: transparent;\">particular, have been very forward-minded and tolerant and that has obviously brought a lot of&nbsp;<\/span><span style=\"background-color: transparent;\">prosperity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Do you see AI being any less important this year than it was last year?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not at all. Anyone who thinks the pace of change is slow \u2014 that the models have maxed out what they can do \u2014 isn\u2019t thinking about this the right way.<\/strong> I think the AI revolution is only just beginning to impact our lives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: A lot of senior execs are personally uncomfortable with AI.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When you\u2019re truly at the cutting edge of AI and digitalization, consultants can\u2019t always help. <\/strong>Consulting and tech firms can help in certain areas, but the real work of pioneering, implementing, and sustaining AI must be owned by the business itself. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t new \u2014 this is the reality whenever an industry is figuring out how to adapt to massive change.<\/strong> The way forward for CFOs and others on the leadership team at financial institutions is to break change down into discrete problems or experiments and start with proofs of concept. You really do need to start figuring it out yourself. The alternative is to wait for others to do it and hope that new ideas trickle down to you in time. Instead, we\u2019ve decided at Mashreq that we want to be at the vanguard and thus have to push things forward more aggressively, but with deliberation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: How do you deal with internal resistance?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT:<\/strong> <strong>Change can be scary \u2014 it\u2019s natural that some people will resist it.<\/strong> But every organization has people who find it very exciting to be at the forefront. You need to find them. You also need to think long and hard about who you\u2019re partnering with \u2014 maybe you do want a consultant, but it\u2019s perhaps not always one of the \u201ctypical\u201d tech partners you have. Perhaps you\u2019ll find that the solution is in a more boutique tech partner in India or Egypt or Pakistan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: How solid is AI proving to be for you folks?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT: Of course, we\u2019ve already implemented Microsoft\u2019s Copilot and it\u2019s really interesting to see how it\u2019s developing and increasing its capabilities all the time.<\/strong> The challenge on the provider side isn\u2019t so much the Microsoft or the OpenAI or Google, but with your other Tech providers. For example, how quickly can the big Enterprise software companies Oracle and SAP think things through and roll out deeply embedded AI features in their products. What is their roadmap for solving business problems and addressing business needs? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Is AI something that will prompt corporates to change technology vendors?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT: I\u2019m not sure I see that happening.<\/strong> On the AI front, the companies are constantly playing \u201cleapfrog and catch-up.\u201d It\u2019s very, very difficult to imagine a world in which a banker at for example an \u201cOracle company\u201d would embrace becoming an \u201cSAP company\u201d \u2014 the cost of change is huge in time and money. It\u2019s your entire enterprise system so reasons for change has to be compelling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I think what we could see, based on my experience in Europe, is some companies taking a more modular approach<\/strong> where maybe you use Oracle for your database, but you\u2019re open to other specialist providers for key additional applications or features or integrations. Especially, when companies feel the big Enterprise software companies are not moving fast enough with AI and related features.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strategy on how to get there is very important and it can be quite challenging to sort out. <\/strong>That\u2019s where good planning and execution, in close cooperation with the Tech counterparts comes into play alongside your willingness to break things down into components \u2014 and your ability to plan for the future needs of the business as you grow and develop.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Is there an opportunity for an upstart to take market share from established leaders,&nbsp;<\/strong><strong style=\"background-color: transparent;\">whether ERP providers or companies that build core banking systems?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT:<\/strong> <strong>If an established provider isn\u2019t moving quickly enough, perhaps.<\/strong> I think the opportunity, though, is in more specialized and discrete applications \u2014 like vendor management, spend management, contract management. Your core data remains your core data, but I could see an interesting ecosystem taking shape offering new value to corporations like us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Are there any lessons you\u2019ve learned in the process of driving tech change that folks at an earlier stage in their journey could learn from?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT:<\/strong> <strong>As CFO, you must own and drive the process rather than waiting for your tech counterpart to solve everything<\/strong>. It is an everyday commitment. The second thing is to draw hard lines around how many exceptions you allow, customization of standard applications takes a lot of time and is expensive. Various internal stakeholders always want a new system to work exactly as the old with some new features. Successful implementation requires balancing changes to existing workflows with warranted customizations. Digitalization is made so much easier when you have standardized products \u2014 exceptions are the enemy of optimization in that respect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: We\u2019re talking about tech change, but you keep coming back to people. Where do you find the people who speak the same language when it comes to change?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NT: Sometimes they\u2019re already on the board.<\/strong> Often they\u2019re your colleagues on the management team. I guess at Mashreq I am quite lucky to find both. However, if you have good talent acquisition, inspiring management and structure the KPIs and incentives right, I am convinced you can build the right team. People who want to make things happen by working agilely and collaboratively. And it\u2019s tough, yeah? <\/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\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101629\" 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=\"101629\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/mubadala-backed-ega-warns-of-aluminum-price-volatility-amid-tariffs-sanad-posts-strong-2024-revenues\/\">\r\n                            Mubadala units Sanad and EGA report 2024 earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n        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          <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/mubadala-backed-ega-warns-of-aluminum-price-volatility-amid-tariffs-sanad-posts-strong-2024-revenues\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101630\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/mubadala-backed-ega-warns-of-aluminum-price-volatility-amid-tariffs-sanad-posts-strong-2024-revenues\/1231-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1231.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101629\" class=\"content-area-description single-story post-101629 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-emirates-global-aluminium tag-enterpriseam-uae tag-sanad 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\/.f861d04c-3127-48b9-82e8-cc2a91011f75.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two of Mubadala\u2019s subsidiaries reported their 2024 earnings yesterday:<\/strong> aluminum producer Emirates Global Aluminum and aerospace engineering unit Sanad. <\/p>\n<p class=\"tag-border-left\">EMIRATES GLOBAL ALUMINIM- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Emirates Global Aluminium (EGA), backed by Mubadala and the Investme<\/strong><strong>nt <\/strong><strong>Corporation of Dubai, reported a 23.5% y-o-y drop in net income <\/strong>to AED 2.6 bn in 2024, according to its latest <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-delivers-strong-financial-results-and-low-carbon-growth-in-2024\/#\" style=\"\" rel=\"noopener\">earnings release<\/a>. The company recorded a 3% rise in revenue to AED 30.4 bn during the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened?<\/strong> The net income decline was primarily driven by the suspension of bauxite exports from its Guinea Alumina Corporation (GAC) subsidiary after the Guinean government halted shipments in October 2024. This led to a reduction in bauxite exports to 10.8 mn in 2024, down from 14.1 mn wet metric tonnes in 2023. As a result, EGA took a AED 1.8 bn impairment on GAC\u2019s book value. The introduction of a 9% corporate tax in the UAE at the start of 2024 also impacted earnings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> EGA warned that aluminium price volatility will likely persist in 2025 due to global trade uncertainties. The London Metal Exchange aluminium price rose 6% in 2024, building on a 7% gain the previous year, while US regional premiums reached all-time highs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context:<\/strong> US President Donald Trump imposed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d097022-4a84-46ed-8c48-cf201eca9828\/us-trade-war-could-trigger-more-expansionary-monetary-and-fiscal-policies-globally\" style=\"\" rel=\"noopener\">25% tariff on all steel and aluminium imports<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the pipeline:<\/strong> EGA is building the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3480f15a-38cb-4126-a2ae-bf713bce4d35\/it%25e2%2580%2599s-the-last-day-to-subscribe-to-nmdc-energy%25e2%2580%2599s-adx-ipo\" style=\"\" rel=\"noopener\">largest aluminum recycling facility in the country<\/a> in Al Taweelah, set to produce 170k tonnes of secondary billet annually once operational in 2026. Construction, which began in November 2024, is currently 37% complete. EGA is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e721aed4-9391-4a06-8fa9-8e504ac8ee7f\/this-morning:-adnoc-gas-formalizes-lng-agreement-with-indian-oil-%2B-ega-eyes-more-us-acquisition-following-us-tariffs\" style=\"\" rel=\"noopener\">eyeing additional US acquisitions<\/a> after acquiring 80% of Minnesota's Spectro Alloys in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/27176381-5ece-4aac-b0e1-ca6039a9aae0\/ega-to-acquire-a-majority-stake-in-us-based%253cmark%253e-spectro%253c%2Fmark%253e%253cmark%253e-alloys%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">August 2024<\/a>. This acquisition is already benefiting the company by offering zero-tariff supplies as US metal prices increase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: EGA distributed AED 3.7 bn in dividends to shareholders for 2024<\/strong>, matching the record payout from 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story got ink from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/uae-s-top-aluminum-firm-sees-persistent-price-volatility-in-2025\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/uaes-ega-reports-lower-net-profit-bauxite-suspension-guinea-uae-taxes-2025-03-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>.<\/strong><\/p>\n<p class=\"tag-border-left\">SANAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala\u2019s <\/strong><strong>aerospace engineering and leasing arm Sanad Group reported a 40% y-o-y <\/strong><strong>revenue increase to AED 4.9 bn in 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/949.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The top-line performance was attributed to a rise in global demand for engine maintenance, repair, and overhaul (MRO) services, expanding into foreign markets, and inking agreements with airlines and original engine manufacturers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Sanad signed a AED 73.5 mn agreement to extend its partnership with aviation maintenance firm Global Aerospace Logistics (GAL) in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b1639c68-6698-4b4f-a1e6-87c6abcf49fe\/tjx-is-now-a-minority-shareholder-in-brands-for-less\" style=\"\" rel=\"noopener\">November 2024<\/a>, allowing it to continue providing maintenance services for the Rolls-Royce Trent 700 engines. The company also partnered with Airbus in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/28bfb3be-c609-4673-899f-32a9a106c9c9\/%253cmark%253esanad%253c%2Fmark%253e-to-provide-mro-services-on-airbus-engines\" style=\"\" rel=\"noopener\">August 2024<\/a> to provide MRO services for Airbus engines. It also sold 16 aircraft engines to Etihad Airways, valued at approximately AED 1.5 bn in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/05ee12ad-b272-4ced-9e7e-91769274029e\/%253cmark%253esanad%253c%2Fmark%253e-sells-aed-1.5-bn-aircraft-engines-to-etihad-airways\" style=\"\" rel=\"noopener\">October 2024<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-global-aluminium\/\">Emirates Global Aluminium<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sanad\/\">Sanad<\/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=\"101631\" 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=\"101631\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/mgx-taps-new-md-and-ai-product-lead-for-the-us-franklin-templeton-taps-new-dubai-based-solutions-portfolio-manager\/\">\r\n                            MGX taps new MD and AI product lead for the US + Franklin Templeton taps new Dubai-based solutions portfolio manager                        <\/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\/13\/mgx-taps-new-md-and-ai-product-lead-for-the-us-franklin-templeton-taps-new-dubai-based-solutions-portfolio-manager\/\" target=\"_blank\">\n                    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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1028.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1028.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1028.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1028.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101631\" class=\"content-area-description single-story post-101631 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-finance tag-mgx tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.e8739a5a-02dd-4b2c-a29c-1ee678244159.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MGX recr<\/strong><strong>uits for US operations: <\/strong>Abu Dhabi\u2019s AI fund <a target=\"_blank\" href=\"https:\/\/www.mgx.ae\/en\" style=\"\" rel=\"noopener\">MGX<\/a> hired alternative asset management firm <a target=\"_blank\" href=\"https:\/\/www.apollo.com\/\" style=\"\" rel=\"noopener\">Apollo Global Management<\/a> \u2019s Andy Pickens (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/andypickens\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as managing director and AI product lead for its US operations, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/abu-dhabi-s-mgx-hires-from-apollo-warburg-amid-trump-s-ai-push\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. It also recently tapped David Mamikonyan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/davidcissp\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) from private equity company <a target=\"_blank\" href=\"https:\/\/warburgpincus.com\/\" style=\"\" rel=\"noopener\">Warburg Pincus<\/a> to be its chief security officer, and Emilio Mena Jr (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/emilio-mena-jr-504b20\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) from <a target=\"_blank\" href=\"https:\/\/www.wafra.com\/\" style=\"\" rel=\"noopener\">Wafra<\/a> to lead their legal team.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Asset manager <strong>Franklin Templeton<\/strong> appointed <strong>Gaurav Sharma<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/gaurav-sharma-cfa-88873299\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as its <strong>solutions <\/strong><strong>portfolio manager<\/strong> for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region for its investment management unit <strong>Franklin Templeton Investment Solutions<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.franklintempletonme.com\/press-releases\/news-room\/2025\/franklin-templeton-investment-solutions-expands-team-with-new-solutions-portfolio-manager-role-in-uae\" style=\"\" rel=\"noopener\">press release<\/a>. He will be based in Dubai and report to Peter Vincent, who leads client solutions. Before joining Franklin Templeton, Sharma served as investments director for the Middle East at Standard Chartered Bank. <\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mgx\/\">MGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101633\" 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=\"101633\">\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\/13\/dubais-real-estate-boom-draws-more-western-buyers\/\">\r\n                            Dubai\u2019s real estate boom draws more Western buyers                        <\/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\/13\/dubais-real-estate-boom-draws-more-western-buyers\/\" 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\/13\/dubais-real-estate-boom-draws-more-western-buyers\/')\">\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\/13\/dubais-real-estate-boom-draws-more-western-buyers\/\">\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 real estate boom draws more Western buyers&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/dubais-real-estate-boom-draws-more-western-buyers\/\">\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\/13\/dubais-real-estate-boom-draws-more-western-buyers\/&title=Dubai\u2019s real estate boom draws more Western buyers\">\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+real+estate+boom+draws+more+Western+buyers+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F13%2Fdubais-real-estate-boom-draws-more-western-buyers%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\/13\/dubais-real-estate-boom-draws-more-western-buyers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/370.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101634\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/dubais-real-estate-boom-draws-more-western-buyers\/370-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/370.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"370.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/370.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/370.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101633\" class=\"content-area-description single-story post-101633 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-deutsche-bank 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\/.3c4e4666-456d-4979-8b7c-1ebc42831b2c.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 still grabbing headlines<\/strong>, with the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2c851d35-8875-4f38-953e-048fd7eed3b5\" style=\"\" rel=\"noopener\">Financial Times<\/a> reporting on its increasing attractiveness to buyers from Europe and North America. Some 37% of Germany\u2019s wealthiest are considering emigration, according to Arton Capital, while Dubai-based Sotheby\u2019s agent Leigh Williamson says her client base now includes 20% more Americans than a decade ago.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expats are staying longer: <\/strong>\u201cBuyers who bought to flip used to be the majority, but that\u2019s changing,\u201d PropertyFinder\u2019s Michael Lahyani said, citing rising rental costs pushing expats toward homeownership. To account for this shift, developers are pivoting to larger, family-friendly homes, moving away from short-term investment properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s success is fueling regional competition: <\/strong>Abu Dhabi is marketing itself as a quieter, family-oriented alternative, while Ral Al Khaimah and Bahrain are pushing luxury developments and urban regeneration, with RAK planning over 60 high-end projects ahead of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/624ad3b1-6bdb-49ba-ab88-ecb5c1d24e06\/%253cmark%253ewynn%253c%2Fmark%253e-resorts-invests-usd-514.4-mn-to-date-in%253cmark%253e-marjan%253c%2Fmark%253e-gaming-resort-%2B-earmarks-land-for-future-development\" style=\"\" rel=\"noopener\">UAE\u2019s first Wynn-branded casino in 2027<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/deutsche-bank\/\">Deutsche Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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=\"101635\" 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=\"101635\">\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\/13\/more-big-ticket-real-estate-projects-in-dubai\/\">\r\n                            More big ticket real estate projects in Dubai                        <\/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\/13\/more-big-ticket-real-estate-projects-in-dubai\/\" 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\/13\/more-big-ticket-real-estate-projects-in-dubai\/')\">\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\/13\/more-big-ticket-real-estate-projects-in-dubai\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=More big ticket real estate projects in Dubai&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/more-big-ticket-real-estate-projects-in-dubai\/\">\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\/13\/more-big-ticket-real-estate-projects-in-dubai\/&title=More big ticket real estate projects in Dubai\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+big+ticket+real+estate+projects+in+Dubai+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F13%2Fmore-big-ticket-real-estate-projects-in-dubai%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\/13\/more-big-ticket-real-estate-projects-in-dubai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/872.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101636\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/more-big-ticket-real-estate-projects-in-dubai\/872-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/872.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"872.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/872.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/872.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101635\" class=\"content-area-description single-story post-101635 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-education tag-emirates-airlines tag-enterpriseam-uae tag-payments tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.59ecd447-f46c-41a5-8700-49c7d0d57ce3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Sunrise <\/strong><strong>Capital<\/strong><strong> launches USD 100 mn project in Jebel Ali: <\/strong>Dubai-based developer <a target=\"_blank\" href=\"https:\/\/sunrisedevelopers.com\/\" style=\"\" rel=\"noopener\">Sunrise Capital<\/a> launched Bellagio, a USD 100 mn luxury freehold residential project in Wasl Gate, Jebel Ali, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/936.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Construction began in January and is slated for completion in 3Q 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai-based r<\/strong><strong>eal estate d<\/strong><strong>eveloper <\/strong><strong><a target=\"_blank\" href=\"https:\/\/darglobal.co.uk\/\" style=\"\" rel=\"noopener\">Dar Global<\/a><\/strong><strong> launched its AED 1.4 bn DG Villas project,<\/strong> it said in a <a target=\"_blank\" href=\"https:\/\/darglobal.co.uk\/press\/DarGlobal%E2%80%93crafts%E2%80%93an%E2%80%93exceptional%E2%80%93residential%E2%80%93experience%E2%80%93with%E2%80%93the%E2%80%93launch%E2%80%93of%E2%80%93exclusive%E2%80%93DG%E2%80%93Villas%E2%80%93at%E2%80%93Jumeirah%E2%80%93Golf%E2%80%93Estates\" style=\"\" rel=\"noopener\">press release<\/a>. The villas are located in Jumeirah Golf Estates in Dubai, come in four and five bedroom models, and offer a \u201csustainable living experience,\u201d the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Alta and <\/strong><strong>Maison Margiela to develop properties: <\/strong>Dubai-headquartered <a target=\"_blank\" href=\"https:\/\/altadevelopment.ae\/\" style=\"\" rel=\"noopener\">Alta Real Estate<\/a><a target=\"_blank\" href=\"https:\/\/altadevelopment.ae\/\" style=\"\" rel=\"noopener\">Development<\/a> partnered with French fashion house <a target=\"_blank\" href=\"https:\/\/www.maisonmargiela.com\/wx\/\" style=\"\" rel=\"noopener\">Maison Margiela<\/a> to build the fashion brand\u2019s first residences in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/alta-real-estate-development-and-maison-margiela-announce-partership-for-the-worlds-first-residences-in-dubai-hvrhlib4\" style=\"\" rel=\"noopener\">press release<\/a>. Some 24 boutique units will be developed in total at a location set to be announced at a later date. <\/p>\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amanat <\/strong><strong>launches new brand, expands in KSA: <\/strong>Amanat Education launched a new brand, Almasar Alshamil Education, and its Riyadh headquarters, appointing Majed Al-Mutairi as CEO to lead its expansion in special needs education (SEN) and higher education across the GCC, according to a <a target=\"_blank\" href=\"https:\/\/masareducation.com\/news\/amanat-education-launches-new-brand-almasar-alshamil-education-and-announces-executive-appointments\/\" style=\"\" rel=\"noopener\">statement<\/a>. Almasar Education is Saudi Arabia\u2019s largest SEN provider, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company has big plans: <\/strong>Amanat plans to expand its SEN network through Human Development Company and boost higher education enrolments at Middlesex University Dubai and NEMA Holding. An IPO could also be in the pipeline, with parent company Amanat Holdings previously saying it is looking to float its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e11209cb-2436-465a-8a18-8f9e15410aac\/%253cmark%253eamanat%253c%2Fmark%253e-holdings-to-discuss-potential-ipo-of-education-unit-today\" style=\"\" rel=\"noopener\">education<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare<\/a> units.<\/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\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Open <\/strong><strong>Innovation AI, Oracle partner to boost sovereign AI adoption in EMEA: <\/strong>Dubai-based <a target=\"_blank\" href=\"https:\/\/www.openinnovation.ai\/\" style=\"\" rel=\"noopener\">Open Innovation AI<\/a> partnered with Oracle to expand access to sovereign AI solutions across the EMEA region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/press-release\/companies-news\/oracle-partners-with-open-innovation-ai-to-accelerate-sovereign-ai-adoption-across-the-emea-region-qm6oc47b\" style=\"\" rel=\"noopener\">press release<\/a>. Under the agreement, Oracle will offer Open Innovation AI\u2019s sovereign AI platform to its customers in the region, enabling them to adopt AI technology while complying with local data regulations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Addepar<\/strong><strong> opens<\/strong><strong> first MEA office in Dubai\u2019s DIFC: <\/strong>Global investment data and technology platform <a target=\"_blank\" href=\"https:\/\/addepar.com\/\" style=\"\" rel=\"noopener\">Addepar<\/a> has launched its first office in the Middle East and Africa at the Dubai International Financial Center, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/addepar-elevates-global-presence-with-dubai-office-davzdum0\" style=\"\" rel=\"noopener\">press release<\/a>. The center will provide solutions to regional family offices, wealth managers, banks, and sovereign wealth funds, the statement said.<\/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\">PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Al<\/strong><strong> Ansari<\/strong><strong> exchange partners with BILRS: <\/strong>Homegrown remittance and foreign exchange provider Al Ansari Exchange teamed up with payment services provider <a target=\"_blank\" href=\"https:\/\/bilrs.com\/\" style=\"\" rel=\"noopener\">BILRS<\/a> to enable bill payments across its UAE branch network, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/al-ansari-exchange-expands-bill-payment-services-through-partnership-with-bilrs-pntbuy4o\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership will allow customers to pay for essential services in their home countries, including utilities, education fees, and household expenses. The service will cover regions including India, Pakistan, the Philippines, and Egypt. UAE-based payments will also be available, covering Dubai Police fines, Salik top-ups, NOL top-ups, and Mawaqif payments, among other services.<\/p>\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 partners with Mastercard: <\/strong>Central Bank of the UAE subsidiary <a target=\"_blank\" href=\"https:\/\/aep.ae\/\" style=\"\" rel=\"noopener\">Al Etihad Payments<\/a> and Mastercard will introduce co-badged debit and prepaid cards, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/al-etihad-payments-and-mastercard-collaborate-to-launch-jaywan-mastercard-debit-and-prepaid-cards-in-the-uae-sqdrptek\" 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>Al Etihad partnered with Visa and China\u2019s UnionPay International <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b05c8c07-35ad-4c88-9cf2-8876e94df9a4\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\" style=\"\" rel=\"noopener\">earlier this week<\/a> to introduce Jaywan-Visa debit and prepaid cards and UnionPay-Jaywan co-badged cards.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-airlines\/\">Emirates Airlines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/payments\/\">payments<\/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=\"101637\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"101637\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/13\/positive-inflation-report-offers-relief-to-battered-us-stocks\/\">\r\n                            Positive inflation report offers relief to battered US stocks                        <\/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\/13\/positive-inflation-report-offers-relief-to-battered-us-stocks\/\" 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 <a target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" style=\"\" rel=\"noopener\">consumer price index<\/a> from the US\u2019 Bureau of Labor Statistics showed core inflation increased 0.2%, less than the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4c8a3ef7-b376-41e0-88bf-19c4e52fa727\/all-eyes-are-on-us-inflation-data-this-week,-while-china-faces-deflationary-pressures\" style=\"\" rel=\"noopener\">0.3% expected<\/a> and down from January\u2019s 0.3%, but still sits above the Fed\u2019s targeted 2%. <strong>Futures markets are now expecting between two and three interest rate cuts<\/strong> this year from the Fed, according to the salmon colored paper. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite cooling inflation, recession risks persist. <\/strong>JP Morgan\u2019s chief economist Bruce Kasman told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/jp-morgan-economist-sees-40-us-recession-chance-risks-exorbitant-privilege-2025-03-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> there is a 40% chance of a US recession this year, citing economic uncertainty and the potential impact of US President Donald Trump\u2019s import tariffs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The positive inflation report gave US stocks some respite after the battering they took <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6e0c4837-8cdd-4738-a924-3d98953a06c0\/this-morning:-india%25e2%2580%2599s-infibeam-eyes-adx-listing-%2B-alpha-dhabi,-mubadala-private-credit-venture-deploys-usd-1-bn-in-capital\" style=\"\" rel=\"noopener\">earlier this week<\/a><\/strong>, with most indexes gaining some ground. The S&P 500 ended Wednesday up 0.5% after swinging between a stronger early rally and a midday pullback. Meanwhile, the tech-heavy Nasdaq gained 1.2%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- The S&P 500 briefly entered correction territory on Tuesday<\/strong>, down more than 10% from its recent peak, as investor confidence eroded. It also wiped out USD 4 tn on Monday. The sharp sell-off has been driven largely by a 14% plunge in the \u201cMagnificent 7\u201d tech stocks, according to Goldman Sachs, with their price-to-earnings ratio falling from 30x to 26x. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, Wall Street is growing increasingly pessimistic about economic stability<\/strong>, with Goldman Sachs cutting its S&P 500 year-end target to 6.2k from 6.5k, citing slower growth and heightened policy risks, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/goldman-sachs-cuts-sp-500-2025-year-end-target-6200-2025-03-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. \u201cThere\u2019s a huge reset going on right now and a lot of trepidation in the market,\u201d Dec Mullarkey, managing director at fund manager SLC Management, told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e0c8ec54-dca5-4890-9371-f4ed70ce9e19\" style=\"\" rel=\"noopener\">FT<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hopes for a so-called \u201cTrump put\u201d \u2014 the belief that the president would intervene to stabilize markets \u2014 are fading.<\/strong> Unlike his first term, when stock sell-offs often led to policy reversals, investors now fear Trump may tolerate market turbulence to push through his economic agenda. <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed<\/strong>, with Japan\u2019s Nikkei and Topix, as well as South Korea\u2019s Kospi, all up in early trade, while China\u2019s CSI 3000 and Hong Kong\u2019s Hang Seng down marginally. <strong>Over on Wall Street<\/strong>, futures indicate a strong open to continue yesterday\u2019s rally. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,416<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: 0.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,157<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: -0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,225<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +1.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,705<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,049<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +4.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,603<\/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: -4.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,541<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,359<\/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: +9.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 70.90<\/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\">+1.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.08<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-8.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,940.8<\/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-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 83,800<\/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: -10.6%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.4% yesterday<\/strong> on turnover of AED 1.4 bn. The index is down -0.03% 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>Umm Al Qawain General Investment (+14.4%), United Arab Bank (+10.1%) and Phoenix Group (+8.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Ooredoo (-9.4%), Fujairah Cement Industries (-6.8%) and Alpha Data (-5.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.7% on turnover of AED 665.5 mn. <strong>Nasdaq Dubai <\/strong>was up 0.5%, and up 1.4% 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 <\/strong><strong>Gas has appointed Al Ramz Capital as the liquidity provider for its shares <\/strong><strong>on the ADX for one year<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/942.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. Al Ramz will provide liquidity for Adnoc\u2019s shares, offering simultaneous buy and sell side orders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>Driving approved a dividend of AED 183.2 mn for <\/strong><strong>2024<\/strong>, representing 34% of the year\u2019s paid capital, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/945.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101639\" 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\/13\/101639-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101639\" class=\"content-area-description single-story post-101639 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;\">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>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/commodityinsights.spglobal.com\/fujcon.html\" style=\"\">The Fujairah International Bunkering and Fuel Oil Forum<\/a><\/span><span style=\"font-weight:400;\">, DoubleTree by Hilton Fujairah. <\/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>27-29 May <\/span><span>(Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indexexhibition.com\/\" style=\"\">INDEX<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.workspaceexhibition.com\/\" style=\"\">Workspace<\/a><\/span><span>, and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thehotelshow.com\/\" style=\"\">The Hotel Show<\/a><\/span><span>, 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;\">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>8-10 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bim1ken-national-media-office-launches-bridge-summit\" style=\"\">BRIDGE<\/a><\/span><span style=\"font-weight:400;\"> media summit, 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;\">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: EIB\u2019s board backs Emirates NBD\u2019s takeover offer<\/p>\n","protected":false},"featured_media":101612,"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-101611","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d70117de-9157-49f6-8553-2d2b4953994f","teaser":"Plus: EIB\u2019s board backs 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