{"id":101905,"date":"2025-03-21T00:00:00","date_gmt":"2025-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=101905"},"modified":"2025-12-15T03:14:51","modified_gmt":"2025-12-15T03:14:51","slug":"moodys-is-upbeat-on-the-uae-and-abu-dhabis-resilience-affirms-their-credit-ratings","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/moodys-is-upbeat-on-the-uae-and-abu-dhabis-resilience-affirms-their-credit-ratings\/","title":{"rendered":"Moody\u2019s is upbeat on the UAE and Abu Dhabi\u2019s resilience + affirms their credit ratings"},"content":{"rendered":"<section id=\"101907\" 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=\"101907\">\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\/21\/this-morning-uae-outpaces-us-uk-and-more-in-latest-world-happiness-index-beware-where-you-park-during-taraweeh\/\">\r\n                            THIS MORNING: UAE outpaces US, UK and more in latest World Happiness Index + Beware where you park during Taraweeh                        <\/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\/21\/this-morning-uae-outpaces-us-uk-and-more-in-latest-world-happiness-index-beware-where-you-park-during-taraweeh\/\" 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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Plus: We have a handful of M&amp;A updates, with Mubadala reportedly planning a follow-on offering for du, and CVC Capital Partners looking to acquire Mubadala-owned asset manager Fortress. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, when do we eat?<\/strong> Maghrib is at 6:34pm today in Dubai and 6:38pm in Abu Dhabi. You\u2019ll have until fajr prayers at 5:04am in Dubai and 5:08am in Abu Dhabi tomorrow to finish your suhoor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0fWEATHER- <\/strong><strong>It\u2019s another hot day across the country<\/strong>, according to our favorite weather app and the National Center of Meteorology\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1723.pdf\" style=\"\" rel=\"noopener\">forecast (pdf)<\/a>. Dubai will see the mercury hit 31\u00b0C today, with an overnight low of 24\u00b0C, while temperatures will hit 33\u00b0C in Abu Dhabi, with an overnight low of 25\u00b0C.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Dubai <\/strong><strong>Police<\/strong><strong> will impose AED 500 fines for illegal and improper parkin<\/strong><strong>g <\/strong><strong>near mosques during Taraweeh and Qiyam prayers<\/strong> in the last days of Ramadan, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/ramadan\/dubai-ramadan-random-parking-fine-police?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. Motorists will also face AED 400 fines for blocking pedestrian movement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>You can now use Tabby on RTA\u2019s website and app<\/strong>, after Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home?lang=ar\" style=\"\" rel=\"noopener\">Roads and Transport<\/a><a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home?lang=ar\" style=\"\" rel=\"noopener\">Authority<\/a> (RTA) rolled out its buy now pay later option across all its digital channels, it said in a <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/expanding-the-use-of-tabby-across-all-digital-channels\" style=\"\" rel=\"noopener\">press release<\/a>. Previously only available through smart kiosks, the service now lets customers use Tabby to pay for 170 services including license renewals on its website, app, and nol Pay app as well.<\/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=\"wwtt5\"><\/a> <strong>#1- Dubai climbed to 12th place in the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.longfinance.net\/programmes\/financial-centre-futures\/global-financial-centres-index\/gfci-37-explore-the-data\/gfci-37-rank\/\" style=\"\" rel=\"noopener\">Global Financial Centers Index<\/a><\/strong>, up from 16th in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e73c8a9c-dc3c-451a-9e28-6acfa6e37c12\/this-morning:-more-family-offices,-lenders-set-up-shop-in-dubai-%2B-kenya-eyes-usd-1.5-bn-bailout-from-the-uae\" style=\"\" rel=\"noopener\">September 2024<\/a>. It remains the top financial center in the MENA region, while Abu Dhabi ranks 38th. The index is published by London-based think tank <a target=\"_blank\" href=\"https:\/\/www.zyen.com\/\" style=\"\" rel=\"noopener\">Z\/Yen Group<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>The <\/strong><strong>UAE ranked<\/strong><strong> 21st on the World Happiness Index 2025<\/strong>, up from 21st place in 2024 and outpacing countries including the UK, US, Germany, France, Singapore, and all Arab countries, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1701.pdf\" style=\"\" rel=\"noopener\">World Happiness Index 2025 report<\/a>. The survey also asked people whether, in the past month, they had donated money (UAE\u2019s ranking: 16th), volunteered (ranking: 19th), or helped a stranger (ranking: 67th). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rest of the ranking? <\/strong>The US slumped to its lowest position ever in the annual World Happiness Report, dropping to 24th place, while Nordic nations continued to dominate the ranking, with Finland coming out on top. <\/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>Adani G<\/strong><strong>roup could close its potential acquisition of Emaar India as soon as next <\/strong><strong>month at an enterprise value of USD 1.4 bn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/adani-emaar-said-to-be-discussing-deal-structure-for-1-4-billion-india-unit?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says have knowledge of the matter. The potential transaction could see an unlisted Adani unit invest USD 400 mn in equity, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We last heard of this <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a03e7d80-9b70-4956-b7c5-21269974b078\/adani-group-could-snap-up-majority-stake-in-emaar-india\" style=\"\" rel=\"noopener\">in January<\/a><\/strong> when Indian local media reported that Emaar could be snapping up a 70-100% stake, valued at an estimated AED 1.7-2.1 bn, likely through Adani Realty, an unlisted entity within the Adani Group.<\/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>PureHealth <\/strong><strong>will consider settling AED 1.85 bn in bankin<\/strong><strong>g facilities obtained from First Abu Dhabi Bank early<\/strong> during its board meeting on 21 March, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1692.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/88415534-6f3a-4d48-ba55-0a50e5709e16\/%253cmark%253e%253c%2Fmark%253emore%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eearnings%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253epour%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e%25e2%2580%25a6\" style=\"\" rel=\"noopener\">turned to the black<\/a> in 4Q 2024 with a net income of AED 279 mn, while its annual net income reached AED 1.7 bn last year on the back of growth and acquisitions in the hospitals segment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong>PureHealth has been on an expansion spree:<\/strong> PureHealth is set to acquire a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e525f5d-857d-47da-bf80-1b443482fba3\/purehealth-acquires-a-usd-2.3-bn-majority-stake-in-leading-greek-cypriot-hospital-provider\" style=\"\" rel=\"noopener\">60% stake<\/a> in Hellenic Healthcare Group, with the sale valuing the company at USD 2.3 bn. The company also finalized its acquisitions of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/38dd5040-1131-419e-927e-c99cabad5ab4\/two-big-healthcare-m&amp;a-to-start-your-week\" style=\"\" rel=\"noopener\">Circle Health Group<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b4b5993a-bb01-430d-baa1-13225d729d91\/so-many-healthcare-m&amp;as\" style=\"\" rel=\"noopener\">Sheikh Shakhbout Medical City<\/a> early last year. It had also planned to acquire NMC Healthcare, but reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82201429-ff77-474e-b020-2a22bb868688\/this-morning:-purehealth-scraps-nmc-healthcare-acquisition%3F-%2B-eshraq-to-invest-in%253cmark%253e-shuaa%253c%2Fmark%253e%25e2%2580%2599s-bond-offering\" style=\"\" rel=\"noopener\">scrapped the plans<\/a> due to differences over valuation.<\/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>Speaking of valuations\u2026 <\/strong>Egyptian Prime Minister Moustafa Madbouly confirmed the state has appointed an advisor to come up with a new valuation for state-owned Banque du Caire, which Emirates NBD is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d75c9eb-df03-47c6-be4f-6bc94d7adb18\/banque-misr-wants-usd-1.2-bn-in-exchange-for-45%2525-of%253cmark%253e-banque-du-caire%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">eyeing<\/a> during his weekly presser yesterday (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=a3wkxJvNRrM&amp;ab_channel=%D8%B1%D8%A6%D8%A7%D8%B3%D8%A9%D9%85%D8%AC%D9%84%D8%B3%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-TheEgyptianCabinet\" style=\"\" rel=\"noopener\">watch, runtime: 20:46<\/a>). \u201cThe last valuation has become outdated,\u201d Madbouly said, adding that work on the process has begun. The Emirati lender is currently doing due diligence on the bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>He also confirmed that a strategic sale is not set in stone: <\/strong>\u201cBased on [the new valuation], the state will decide on the size of the stake to offer, either to a strategic investor, or through a stake sale on the EGX,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> A banking source told EnterpriseAM earlier this month that Banque Misr is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d75c9eb-df03-47c6-be4f-6bc94d7adb18\/banque-misr-wants-usd-1.2-bn-in-exchange-for-45%2525-of%253cmark%253e-banque-du-caire%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">seeking USD 1-1.2 bn from the direct sale of a 45% stake<\/a> in BdC, and is looking to list another chunk of the lender on the EGX in a separate offering, only to retain a non-controlling stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>UAE inve<\/strong><strong>stors eye minority stake in Arizona mine: <\/strong>Emirati investors are among those in talks to buy up to 30% of Canadian mining firm <a target=\"_blank\" href=\"https:\/\/www.hudbayminerals.com\/\" style=\"\" rel=\"noopener\">Hudbay Minerals<\/a> \u2019 flagship <a target=\"_blank\" href=\"https:\/\/hudbayminerals.com\/united-states\/default.aspx\" style=\"\" rel=\"noopener\">Copper World project<\/a> in Arizona within six months, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/hudbay-sees-saudi-uae-and-japanese-interest-in-us-copper-stake\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Saudi Arabia\u2019s Manara Minerals Investment Company and Japanese trading houses are also interested in an acquisition, CEO Peter Kukielski told Bloomberg last November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The mine: <\/strong>The Copper World project mine had proven reserves of 385.1 mn as of 1 January 2024, according to Hudbay\u2019s <a target=\"_blank\" href=\"https:\/\/hudbayminerals.com\/united-states\/default.aspx\" style=\"\" rel=\"noopener\">website<\/a>, and it expects the 85k metric tons per year capacity project to up its annual copper production by over 50%, according to Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes amid increasing Emirati interest in mining and critical minerals<\/strong>, with ADQ and Orion launching a USD 1.2 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42935c0b-6021-4438-94fc-84c28d26c490\/adq,-orion-launch-usd-1.2-bn-jv-for-critical-minerals\" style=\"\" rel=\"noopener\">critical mineral-focused JV<\/a>, UAE-based Ambrosia Investments <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/70fa571d-f028-4012-afcf-dd55c8e4e318\/ambrosia-acquires-50%2525-of-allied%25e2%2580%2599s-mali-gold-mines\" style=\"\" rel=\"noopener\">acquiring 50%<\/a> of Allied\u2019s Mali mine operations, and state-owned IRH <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/347bc34b-966b-476c-bea5-2ac0e248f010\/irh-eyes-investment-in-alphamin%25e2%2580%2599s-bisie-tin-mining-site\" style=\"\" rel=\"noopener\">eyeing a stake<\/a> in Alphamin Resources.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a> <strong>#4- Lunate to invest in APAC\u2019s private equity:<\/strong> Abu Dhabi alternative asset manager Lunate launched a new venture \u2014 Axight \u2014 to capitalize on private equity investments in the Asia-Pacific region (APAC), sources familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/abu-dhabi-s-105-billion-lunate-eyes-asia-deals-with-new-venture\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Axight aims to raise third-party capital over time, serving as a part of Lunate\u2019s efforts to boost its USD 105 bn assets under management, Bloomberg said, without disclosing the size of the fund. A source close to Lunate declined to comment on the news when we reached out.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of Lunate:<\/strong> The asset manager Lunate partnered with BNY and SS&amp;C Technologies Holdings to support its end-of-service benefits scheme <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/68c49f33-bfdb-45c6-9888-e98176cc184a\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\" style=\"\" rel=\"noopener\">Ghaf<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/68c49f33-bfdb-45c6-9888-e98176cc184a\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\" style=\"\" rel=\"noopener\">Benefits<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/lunate.com\/en\/news-insights\/announcements\/lunate-appoints-service-providers-ghaf-benefits\" style=\"\" rel=\"noopener\">statement<\/a>. BNY will provide custody services for international securities, while SS&amp;C will oversee the platform\u2019s technology infrastructure and administrative services.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Despite expected interest rate cuts in 2025, UAE mortgage rates are unlikely to se<\/strong><strong>e significant changes<\/strong>, industry experts told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/money\/2025\/03\/20\/fed-rate-cut-uae-mortgages\/\" style=\"\" rel=\"noopener\">The National<\/a>. Many banks have already factored in potential rate cuts and are offering competitive mortgage rates, with some lending below the Emirates Interbank Offered Rate (Eibor), Money Maestro\u2019s director, Rajender Prasad said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The Central Bank of the UAE (CBUAE) kept <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/8b8d6f5e-fe1c-436e-9973-11516e8c7148\/adq-plans-usd-25-bn-data-center-venture-in-the-us\" style=\"\" rel=\"noopener\">interest rates unchanged<\/a>, aligning with the US Federal Reserve\u2019s decision on Wednesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The industry\u2019s outlook is promising:<\/strong> The mortgage market remains strong, fueled by residents shifting from renting to homeownership as mortgage rates remain lower than rental yields, said Mortgage Finder\u2019s director, Mohamad Kaswani. Refinancing is also surging as homeowners look to secure better terms or unlock equity for upgrades. The market is expected to stay strong in 2025, driven by lower rates, new property handovers, and banks offering financing for off-plan properties, YouAE Mortgages\u2019 founder Yash Trivedi said.<\/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>The US and Turkey are dominating headlines this morning<\/strong>, with yet another executive order from US President Donald Trump grabbing headlines, and protests erupting in Turkey following the arrest of Turkish President Recep Tayyip Erdogan\u2019s main political rival spurred an upheaval in the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Thousands are protesting across Turkey after the arrest of <\/strong>Istanbul Mayor Ekrem Imamoglu on charges of terrorism and organized crime, just days ahead of an expected announcement of his presidential candidacy. The arrest has roiled Turkish markets and raised concerns over the already fragile state of the country\u2019s economy. We have more on the fallout of the arrest on markets, and the Turkish central bank\u2019s attempts to prop up the currency, in Planet Finance, below. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/20\/turkey-faces-protests-investor-flight-after-opposition-leaders-arrest.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/turkey-central-bank-raises-overnight-rate-in-surprise-meeting?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/turkey-seizes-detained-istanbul-mayors-construction-company-2025-03-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Trump signed another one of his \u2014 many \u2014 executive orders, this time to dismantle the Federal Department of Education<\/strong>, following through on a commitment he made to conservatives during his election campaign. The move will leave education in the hands of the local states and boards. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-takes-fresh-stab-dismantling-department-education-with-order-signing-white-2025-03-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/politics\/trump-administration\/education-department-trump-what-is-next-student-loans-fafsa-rcna197302\" style=\"\" rel=\"noopener\">NBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/03\/20\/us\/trump-education-news\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-education-department-shutdown-b1d25a2e1bdcd24cfde8ad8b655b9843\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&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\"> MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over-exporting<\/strong><strong> Opec+ nations to make further cuts: <\/strong>Opec+ nations who have exported more than agreed upon levels of oil will reduce oil output in the coming months to compensate for overproduction, the group said in a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7496.htm\" style=\"\" rel=\"noopener\">statement<\/a> that was picked up by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-issues-new-plan-oil-cuts-compensate-overproduction-2025-03-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The output reductions will come primarily from Iraq, Kazakhstan, and Russia<\/strong>, however Algeria, Kuwait, Saudi Arabia, the UAE, and Oman are also part of the compensation plan. Cuts from the group, set to be between 189k and 435k barrels a day, are likely to overtake planned production hikes next month, Reuters said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/074b3f33-57bb-4f94-9170-2de99fefdb12\/this-morning:%253cmark%253e-opec%253c%2Fmark%253e%2B-to-hike-production-next-month-%2B-emergency-gaza-focused-arab-league-summit-kicks-off-in-egypt-today\" style=\"\" rel=\"noopener\">Ealier this month<\/a> the group agreed to go ahead with production hikes next month in April despite a dip in Chinese demand and increased US output threatening market prices. This included a planned hike to the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/074b3f33-57bb-4f94-9170-2de99fefdb12\/this-morning:%253cmark%253e-opec%253c%2Fmark%253e%2B-to-hike-production-next-month-%2B-emergency-gaza-focused-arab-league-summit-kicks-off-in-egypt-today\" style=\"\" rel=\"noopener\">production quota<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Russia overtook the UAE as India\u2019s top naphtha supplier in<\/strong><strong> 2024-25,<\/strong> a trend expected to continue into 2026 on the back of Moscow\u2019s discounted cargoes, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/russia-replaces-uae-top-naphtha-supplier-india-2024-25-2025-03-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Russian naphtha was priced at USD 14-15 per ton cheaper than Middle Eastern supply, prompting Indian refiners to favor the lower-cost option amid weaker-than-expected margins, an industry source said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/moodys-affirms-uae-and-abu-dhabis-govt-credit-ratings\/\">\r\n                            Moody\u2019s affirms UAE and Abu Dhabi\u2019s gov\u2019t credit ratings                        <\/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\/21\/moodys-affirms-uae-and-abu-dhabis-govt-credit-ratings\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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alt=\"\" data-attachment-id=\"101911\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/moodys-affirms-uae-and-abu-dhabis-govt-credit-ratings\/683-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"683.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101910\" class=\"content-area-description single-story post-101910 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-abu-dhabi tag-credit-ratings tag-debt tag-debt-watch tag-enterpriseam-uae tag-moodys 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\/.35337e97-2ffd-4b18-adbc-d3073e4ceae5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Credit ratings agenc<\/strong><strong>y Moody\u2019s affirmed the UAE government\u2019s Aa2 rating <\/strong><strong>for long-term local and foreign currency issuances with a stable outlook<\/strong>, it said in a statement seen by EnterpriseAM UAE. Ratings for foreign currency senior unsecured debt stayed at Aa2, while the medium-term note program kept its (P)Aa2 rating as well.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The government\u2019s adherence to a balanced budget policy and limited spending due to fiscal decentralization keep its debt burden low, the agency said. Potential risks like the energy transition, regional geopolitical tension, and a drop in oil prices are offset to a certain extent by economic diversification efforts to promote non-hydrocarbon sectors, encourage FDI inflows, and establish itself as a transport, logistics, and financial services hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rating emphasized Abu Dhabi\u2019s role in bolstering the UAE federal government\u2019s overall outlook<\/strong> thanks to its strong balance sheet, however it noted that 80% of the emirate\u2019s total fiscal revenue comes from oil and gas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of Abu Dhabi<\/strong>, Moody\u2019s also affirmed its government\u2019s Aa2 rating for long-term local and foreign currency issuances with a stable outlook. Likewise, its foreign currency senior unsecured debt ratings stayed at Aa2 and its short-term local and foreign currency issuer ratings at P-1.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The emirate\u2019s large financial assets and low debt were behind the decision<\/strong>, and Moody\u2019s said low fiscal breakeven oil prices, prudent spending, and large financial assets would help the emirate weather any economic shocks like fluctuating oil prices affecting its hydrocarbon-reliant economy. As a strong competitor in the oil market, the emirate is likely to still generate income from the sector despite the green transition.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/credit-ratings\/\">credit ratings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moodys\/\">Moody\u2019s<\/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=\"101912\" 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=\"101912\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/dubai-inflation-held-steady-at-3-15-in-february\/\">\r\n                            Dubai inflation held steady at 3.15% in February                        <\/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\/21\/dubai-inflation-held-steady-at-3-15-in-february\/\" 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\/21\/dubai-inflation-held-steady-at-3-15-in-february\/')\">\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\/21\/dubai-inflation-held-steady-at-3-15-in-february\/\">\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 inflation held steady at 3.15% in 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href=\"https:\/\/api.whatsapp.com\/send?text=Dubai+inflation+held+steady+at+3.15%25+in+February+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F21%2Fdubai-inflation-held-steady-at-3-15-in-february%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\/21\/dubai-inflation-held-steady-at-3-15-in-february\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101913\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/dubai-inflation-held-steady-at-3-15-in-february\/682-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"682.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101912\" class=\"content-area-description single-story post-101912 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-dubai tag-economy tag-inflation 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\/.05044beb-2719-4fbd-b38e-7992239c97f3.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>annual inflation stood at 3.15% y-o-y during February<\/strong>, remaining unchanged from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af46abe4-e337-47bc-ad9b-3b97dda3dce7\/%253cmark%253edubai%253c%2Fmark%253e-inflation-inches-up-3.15%2525-in-january\" style=\"\" rel=\"noopener\">January<\/a>, according to figures from the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1729.pdf\" style=\"\" rel=\"noopener\">Dubai Statistics Center (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Segments seeing growth: <\/strong><span style=\"background-color: transparent;\">Housing, water, electricity, gas and other fuels \u2014 the largest component of the basket of goods and services \u2014 saw a 7.36% increase, growing at a faster rate than in January, which saw a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af46abe4-e337-47bc-ad9b-3b97dda3dce7\/%253cmark%253edubai%253c%2Fmark%253e-inflation-inches-up-3.15%2525-in-january\" rel=\"noopener\">7.19% rise<\/a><span style=\"background-color: transparent;\">. This also puts it ahead of a 12-month high of 7.21% from <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/37ad7a98-1144-4728-996b-4c0076c5af0d\/dubai%253cmark%253e-inflation%253c%2Fmark%253e-rises-to-3.01%2525-in-november\" rel=\"noopener\">last December<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Several baskets saw price rises ebb: <\/strong>Price growth in recreation, sport and culture slowed to 3.93%, down from 6.62% the previous month. Restaurants and accommodation services also saw a slowdown. The food and beverages, clothing and footwear, and transport baskets saw their negative growth rates deepen last month, compared to in January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a monthly basis, the consumer price index saw a 0.54% uptick in February<\/strong>, according to Dubai Statistics Center <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1730.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a>, following a 0.01% fall in inflation figures <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af46abe4-e337-47bc-ad9b-3b97dda3dce7\/%253cmark%253edubai%253c%2Fmark%253e-inflation-inches-up-3.15%2525-in-january\" style=\"\" rel=\"noopener\">the month before<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook going forward: <\/strong>The Central Bank of the UAE has pencilled in an inflation rate of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e95173c0-b4ed-49cf-8c38-460f770da475\/cbuae,-icaew-are-upbeat-on-the-uae%25e2%2580%2599s-growth-this-year\" style=\"\" rel=\"noopener\">2.0% for 2025<\/a> with the \u201cnon-tradable components of the consumer basket expected to be the main drivers.\u201d Elsewhere, Emirates NBD predicted an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1e137785-9c96-4ced-b0c3-f6aa041c2bf2\/non-oil-economy-to-grow-5%2525-this-year--emirates-nbd\" style=\"\" rel=\"noopener\">average 2.1% inflation rate<\/a> for the wider GCC region, and the IMF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/24f48f21-5d4d-4239-8a52-b17469802ca3\/imf-revises-uae%25e2%2580%2599s-gdp-growth-forecast-down-to-4%2525\" style=\"\" rel=\"noopener\">revised down<\/a> its December prediction of 2.1% inflation to 2% for the UAE.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101914 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"101914\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/101914-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101914\" class=\"content-area-description single-story post-101914 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/976.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"101915\" 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=\"101915\">\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\">TAX<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/\">\r\n                            FinMin rolls out standardized accreditation framework for its e-invocing system                        <\/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\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/\" 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\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/')\">\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\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/\">\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=FinMin rolls out standardized accreditation framework for its e-invocing system&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/\">\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\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/&title=FinMin rolls out standardized accreditation framework for its e-invocing system\">\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=FinMin+rolls+out+standardized+accreditation+framework+for+its+e-invocing+system+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F21%2Ffinmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system%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\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1724.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101916\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/1724-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1724.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1724.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1724.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1724.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101915\" class=\"content-area-description single-story post-101915 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-federal-tax-authority tag-tax 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\/.bbfcdfaf-69a5-477e-895c-a25680835bf9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t achieves breakthrough in e-invocing system:<\/strong> The Finance Ministry has issued a new <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1734.pdf\" style=\"\" rel=\"noopener\">mi<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1734.pdf\" style=\"\" rel=\"noopener\">nisterial decision (pdf)<\/a> that establishes a \u201cunified, secure, and standardized framework for accreditation and compliance\u201d in its e-invoicing system, state news agency Wam <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/biregm2-ministry-finance-announces-new-ministerial\" style=\"\" rel=\"noopener\">reports<\/a>. The new accreditation system aims to ensure that all e-invoices and credit notes are issued in structured electronic formats that \u201cenable automatic and electronic processing.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>The Finance Ministry has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/01492787-8e2c-48a8-873e-1c5b33ef02a4\/uae-to-launch-e-%253cmark%253einvoicing%253c%2Fmark%253e-system-in-2026\" style=\"\" rel=\"noopener\">gearing up<\/a> to launch an e-invoicing system in 2026 after amending tax and VAT regulations. The new system aims to streamline invoicing processes for businesses and government entities, enabling immediate exchanges and tax reporting to the Federal Tax Authority (FTA). Businesses will be required to issue invoices and credit notes electronically and maintain digital records as part of a phased rollout, which is set to launch its first phase in 2Q 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Accreditation will be granted for a renewable two-year period,<\/strong> with any failure to comply or fulfill renewal conditions possibly resulting in the revocation of accreditation and a two-year ban on reapplying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The accreditation system also outlines<\/strong><strong> obligations for service provider compliance<\/strong>, tax registration commitments, information security requirements and self-declaration requirements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The ministry is set to issue legislation updates in 2Q 2025, ahead of the launch of the first phase of the system in 2Q 2026, according to the Finance Ministry <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/einvoicing\/\" style=\"\" rel=\"noopener\">website<\/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\/federal-tax-authority\/\">Federal Tax Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tax\/\">tax<\/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=\"101917\" 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=\"101917\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/mubadala-weighs-a-follow-on-equity-offering-of-its-holding-in-telecom-giant-du-on-the-dfm\/\">\r\n                            Mubadala weighs a follow-on equity offering of its holding in telecom giant du on the DFM                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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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\/21\/mubadala-weighs-a-follow-on-equity-offering-of-its-holding-in-telecom-giant-du-on-the-dfm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101918\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/mubadala-weighs-a-follow-on-equity-offering-of-its-holding-in-telecom-giant-du-on-the-dfm\/2435-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2435.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101917\" class=\"content-area-description single-story post-101917 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-du tag-enterpriseam-uae tag-ma tag-ma-watch tag-mubadala 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\/.c2e4cddb-6941-477b-a112-b7ebf01be219.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala <\/strong><strong>could offload part of its stake in telecom operator du:<\/strong> Abu Dhabi sovereign wealth fund Mubadala Investment is reportedly looking to float at least a portion of its USD 1 bn stake in Dubai-listed <a target=\"_blank\" href=\"https:\/\/www.du.ae\/personal\" style=\"\" rel=\"noopener\">Emirates Integrated Telecommunications Company (du)<\/a> on the DFM, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/mubadala-is-said-to-weigh-selling-part-of-1-billion-stake-in-du?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>The fund offloaded a 10% stake in du to Emirates Investment Authority (EIA) back in 2019 for USD 630 mn, retaining 10% ownership through its subsidiary Mamoura Diversified Global Holding. EIA is currently du\u2019s largest shareholder.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What we know:<\/strong><span style=\"background-color: transparent;\"> The fund reportedly enlisted Emirates NBD, First Abu Dhabi Bank and Goldman Sachs to advise on the potential transaction, though the size and timing of the sale remain under wraps.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Du\u2019s share price has been on the rise: <\/strong>The telecom operator\u2019s share price rose 0.25% to AED 8.12 apiece on yesterday\u2019s close, up nearly 40% from June 2019 when Mubadala sold down its position to EIA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong financials + record high dividends:<\/strong> Du\u2019s net income was up 49.10% y-o-y to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/115201c8-2552-480c-9be5-2b5edf6a7f17\/dewa,%253cmark%253e-du%253c%2Fmark%253e,-fertiglobe,-aldar-and-more-post-2024-earnings\" style=\"\" rel=\"noopener\">AED<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/115201c8-2552-480c-9be5-2b5edf6a7f17\/dewa,%253cmark%253e-du%253c%2Fmark%253e,-fertiglobe,-aldar-and-more-post-2024-earnings\" style=\"\" rel=\"noopener\">2.5 bn<\/a> last year, while its revenues were up 7.30% to AED 14.6 bn. The firm also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ffffaa19-7c7c-44f5-9d21-600d18cb8ed6\/brewing-trade-war-to-weigh-on-global-growth,-oecd-says\" style=\"\" rel=\"noopener\">recently approved<\/a> a AED 0.34 per share dividend for 2H 2024, bringing total dividends to AED 0.54 per share for the year, representing 54% of the nominal share value, its highest-ever dividend distribution, according to the business news service.<\/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\/du\/\">du<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/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=\"101919\" 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=\"101919\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/mubadala-backed-aman-to-raise-usd-2-bn-to-drive-uae-and-global-projects\/\">\r\n                            Mubadala-backed Aman to raise USD 2 bn to drive UAE and global projects                        <\/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\/21\/mubadala-backed-aman-to-raise-usd-2-bn-to-drive-uae-and-global-projects\/\" 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 company is in advanced discussions with its bankers about the structure of the fund. It plans to obtain the amount from institutional investors and high-net-worth individuals, particularly from the Middle East. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline: <\/strong>Investor discussions will begin once the fund is finalized, with a potential closure by early 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the money go?<\/strong> The funds will support the development of 23 hotels and the expansion of Aman Residences, its luxury real estate arm. Aman plans to open more properties across the Middle East and Africa and expand Janu, its new hotel brand catering to younger travelers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Swiss-based group has many ongoing projects in Dubai<\/strong>, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3a605ed6-c27e-4d8d-9e30-260947aea4d5\/network-international-becomes-first-to-roll-out-jaywan-cards-for-merchants\" style=\"\" rel=\"noopener\">Janu Dubai<\/a>, a 150-key skyscraper situated in Dubai International Financial Center that is set to open by 2027. The hospitality giant is also working on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ad13b83b-8291-4c4e-8fec-3c3ca5d88c2d\/barakah-one%25e2%2580%2599s-aed-8.89-bn-refinancing-gets-green-loan-label\" style=\"\" rel=\"noopener\">Aman Dubai project<\/a> in Jumeirah 2, which will include Aman-branded residences, a 2.9k sqm spa, restaurants, and an Aman club. Additionally, it is currently developing two 39-key residential towers, with the first one sold and the second to follow in the next few months, and is planning a private members\u2019 club in Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The group secured a USD 360 mn investment from Mubadala Capital and private equity fund Alpha Wave Ventures back in 2023. Alpha is co-managed by Alpha Wave Global and Chimera Capital, a division of Abu Dhabi\u2019s Royal Group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Aman:<\/strong> Founded in 1988, the Swiss hospitality group manages a portfolio of 35 hotels and resorts in 20 destinations across the world. It owns several trademarks including the hotel brand Janu and the Aman Essentials retail collection.<\/p>\n<p class=\"tag-border-left\"> OTHER MUBADALA-RELATED NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CVC Capital eyes Mubadala\u2019s asset manager Fortress as part of its push into private <\/strong><strong>credit: <\/strong>European private equity firm CVC Capital Partners reportedly held negotiations with Mubadala to acquire the sovereign wealth fund\u2019s US-born asset manager Fortress Investment Group, before talks stalled over valuation, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-19\/cvc-interested-in-buying-mubadala-backed-fortress?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing unnamed sources it says have knowledge of the matter. Mubadala <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f48245da-37fd-440d-939c-d3bcc0484517\/%253cmark%253emubadala%253c%2Fmark%253e-now-owns-68%2525-of-us-asset-manager%253cmark%253e-fortress%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">acquired<\/a> a 68% stake in the company last year, while Fortress Management retained a 32% ownership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sticking point: <\/strong>The Euronext listed PE firm reportedly offered that Mubadala retains a minority stake in the Fortress, but valuation seems to be the culprit behind the hold up, according to one of the sources. Fortress \u2014 which has USD 48 bn in assets under management \u2014 was valued at USD 2 bn when Mubadala acquired it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Private credit has been Mubadala\u2019s top-performing asset class for <\/strong><strong>three straight years<\/strong>, and it currently boasts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7ffa5c35-3774-4135-ab0b-31ee97a871fc\/private-credit-emerges-as-mubadala%25e2%2580%2599s-top-performing-asset-over-the-past-three-years\" style=\"\" rel=\"noopener\">a few private credit partnerships<\/a> across the US, Europe, and Asia.<\/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\/aman-group\/\">Aman Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/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\/mubadala\/\">Mubadala<\/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=\"101921\" 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=\"101921\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/\">\r\n                            Dubai-based travel and events firm Ambitions Enterprise is taking a 5% stake to Nasdaq                        <\/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\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/\" 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\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/')\">\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\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/\">\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-based travel and events firm Ambitions Enterprise is taking a 5% stake to Nasdaq&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/\">\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\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/&title=Dubai-based travel and events firm Ambitions Enterprise is taking a 5% stake to Nasdaq\">\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-based+travel+and+events+firm+Ambitions+Enterprise+is+taking+a+5%25+stake+to+Nasdaq+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F21%2Fdubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq%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\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1265.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101922\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/dubai-based-travel-and-events-firm-ambitions-enterprise-is-taking-a-5-stake-to-nasdaq\/1265-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1265.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1265.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1265.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1265.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101921\" class=\"content-area-description single-story post-101921 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterpriseam-uae tag-ipo tag-ipo-watch tag-nasdaq-dubai 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\/.31ff7250-6d48-481c-8eda-f06328aff424.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Travel and events management firm Ambitions Enterprise Managem<\/strong><strong>ent (AEM) filed for an IPO <\/strong><strong>on Nasdaq<\/strong> as the firm looks to shore up liquidity to fund its overseas growth plans, according to <a target=\"_blank\" href=\"https:\/\/secfilings.nasdaq.com\/filingFrameset.asp?FilingID=18295227&amp;View=html\" style=\"\" rel=\"noopener\">a preliminary prospectus<\/a>. The move is pending final approval from the exchange.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the company: <\/strong>AEM operates through its subsidiaries, Hunter Dubai and Multiple Dubai, across the UAE, Jordan, Qatar, Bahrain, Kuwait, Saudi Arabia, and Oman. The company specializes in corporate events and one-stop tourism offering fully integrated travel packages. It is registered in the Cayman Islands. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s up for grabs:<\/strong> The Dubai-headquartered tour operator plans to issue and float 1.5 mn new shares priced between USD 4-5 apiece \u2014 good for a 5.08% stake post-IPO. At the top of the range, the firm would lock in USD 7.5 mn in IPO proceeds, implying a market cap of up to USD 147.50 mn at listing, according to our calculations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds:<\/strong> The company would use the proceeds to fund its expansion into Europe and Australia by acquiring local travel companies and establishing new subsidiaries. The funds will also support its development of what the company calls a \u201cdigital tourism robot\u201d and cover the firm\u2019s corporate expenses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Post-IPO structure + lockup<\/strong>: The offering ensures that the company\u2019s CEO and majority shareholder Zhengang Tang retains a controlling stake and majority voting power post-IPO. He will see his ownership diluted to a 69.75% stake down from 71.11%, which will remain on lockup for a period of six months from the first day of trading. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hedging against potential share price fluctuations: <\/strong>The IPO includes a green shoe option (aka over-allotment option), granting underwriters a 45-day window to buy up to 225k additional shares at the same price. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A snapshot of its financials: <\/strong>The company\u2019s net income stood at USD 113k in 1H 2024, up 62.8% y-o-y, and its revenue came in at 8.51 mn in the first half of last year, up 37.6% y-o-y. AEM has no formal dividend policy, and its board has full discretion over future payouts, subject to restrictions under Cayman Islands Law. The firm will opt instead to reinvest earnings into expansion and debt repayment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>AC Sunshine Securities and Univest Securities are underwriters on the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ambitions is not the only UAE firm eyeing the Nasdaq as of late: <\/strong>Dubai-based robotics startup Micropolis Holding made its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae6b7b01-bab3-41dc-87be-fe286bb78cd9\/dubai-based-startup-micropolis-holding-debuted-on-the%253cmark%253e-nyse%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">debut on the New York Stock<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae6b7b01-bab3-41dc-87be-fe286bb78cd9\/dubai-based-startup-micropolis-holding-debuted-on-the%253cmark%253e-nyse%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Exchange (NYSE)<\/a> last week raising some USD 15.5 mn in IPO proceeds by floating a 12.9% stake. ADX-listed crypto miner Phoenix is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/48d9ffb1-c56c-4abd-b33c-b4c79e2a062d\/%253cmark%253ephoenix%253c%2Fmark%253e-appoints-munaf-ali-as-gceo,-eyes-international-listing-in-2025\" style=\"\" rel=\"noopener\">mulling a potential dual listing<\/a> internationally, including potentially on Nasdaq, this year. <\/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\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nasdaq-dubai\/\">Nasdaq Dubai<\/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=\"101923\" 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=\"101923\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/\">\r\n                            Debt collection startup ClearGrid raised USD 10 mn across two funding rounds                        <\/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\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/\" 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\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/')\">\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\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/\">\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=Debt collection startup ClearGrid raised USD 10 mn across two funding rounds&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/\">\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\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/&title=Debt collection startup ClearGrid raised USD 10 mn across two funding rounds\">\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=Debt+collection+startup+ClearGrid+raised+USD+10+mn+across+two+funding+rounds+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F21%2Fdebt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds%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\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101924\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/debt-collection-startup-cleargrid-raised-usd-10-mn-across-two-funding-rounds\/2335-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2335.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101923\" class=\"content-area-description single-story post-101923 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-debt tag-enterpriseam-uae tag-investment-watch tag-startup 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\/.b932df41-4b26-4896-b8a9-dabfd328055d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai<\/strong><strong>-based debt collection startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cleargrid.ai\/\" style=\"\" rel=\"noopener\">ClearGrid<\/a><\/strong><strong>, which just emerged out of stealth mode, <\/strong><strong>raised USD 10 mn across two <\/strong><strong>funding rounds:<\/strong> a pre-seed round co-led by Raed Ventures and Beco Capital, and a seed round co-led by Nuwa Capital and Raed Ventures, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/cleargrid-emerges-from-stealth-with-10mln-to-transform-debt-collection-starting-with-mena-k96c1bxh\" style=\"\" rel=\"noopener\">press release<\/a>. The funding will support the company\u2019s expansion into Saudi Arabia and further development of its AI-powered platform, enhancing early risk detection, debt counseling, and credit orchestration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About ClearGrid:<\/strong> Founded by Khalid Bin Bader Al Saud (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/khalid-bin-bader-al-saud-9099011b6\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), ex-co-founder of Munch:on Mohammad Al Zaben (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/alzaben\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), and Mohammad Al Khalili (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohammadalkhalili\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), ClearGrid offers an AI-powered debt recovery platform that personalizes collection strategies based on borrower data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since its 2024 launch, ClearGrid has managed hundreds of mns in debt portfolios<\/strong>, secured over 10 major enterprise clients, and achieved profitability in the UAE within a year. The company claims that its clients have reported a 38% average increase in collection rates, with resolutions achieved twice as fast compared to traditional methods. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other backers<\/strong> who participated in the funding include Aramco's Waed Ventures, KBW Ventures, Sharaka, 9yards Capital, Protagonist, BYLD, Eirad Holdings, Endeavor Catalyst, and Wamda Capital, alongside notable angel investors. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup\/\">startup<\/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=\"101925\" 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=\"101925\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/uae-leads-forbes-middle-easts-top-asset-managers-fintech-firms-and-valuable-banks-lists\/\">\r\n                            UAE leads Forbes Middle East\u2019s top asset managers, fintech firms, and valuable banks lists                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"849.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/849.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/849.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101925\" class=\"content-area-description single-story post-101925 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-enterpriseam-uae tag-forbes tag-kudos tag-rakez 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\/.60536d25-aab7-479f-a198-33a7fe4e5851.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emiratis and UAE-based firms made their stamp on a host of new Forbes Middle Ea<\/strong><strong>st rankings out over the past week.<\/strong> Here\u2019s the rundown. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Six <\/strong><strong>UAE-based executives made it to Forbes Middle East\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/top-40-asset-managers-2025\/\" style=\"\" rel=\"noopener\">Top 40 Asset<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/top-40-asset-managers-2025\/\" style=\"\" rel=\"noopener\">Managers<\/a><\/strong><strong> regional<\/strong><strong> list<\/strong>. The complete list included executives who managed assets exceeding USD 439 bn last year, including local and international equity and debt funds, discretionary portfolios, real estate investments, REITS, and private equity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here are the UAE leaders who made the cut:<\/strong><\/p>\n<ul>\n<li>CEO of Mashreq Capital <strong>Philip Philippides <\/strong>(<a target=\"_blank\" href=\"https:\/\/uk.linkedin.com\/in\/philip-philippides\" style=\"\" rel=\"noopener\">LinkedIn<\/a>);<\/li>\n<li>CEO of Rasmala Investment Holdings <strong>Zak Hydari <\/strong>(<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/zakhydari\" style=\"\" rel=\"noopener\">LinkedIn<\/a>);<\/li>\n<li>Senior Executive Officer of ADCB Asset Management <strong>Gavin Rankin <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/gavin-rankin-749091175\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>);<\/li>\n<li>Managing Director of Waha Capital <strong>Mohamed Hussain Al Nowais <\/strong>(<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/mohamed-h-al-nowais-19402756\" style=\"\" rel=\"noopener\">LinkedIn<\/a>);<\/li>\n<li>Senior Executive Officer of ASB Capital <strong>Hichem Djouhri <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hichem-djouhri-2924a212\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>);<\/li>\n<li>Senior Executive Officer of Emirates NBD Asset Management <strong>Michail Samawi <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/michail-e-samawi-1b716114\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>). <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE emerged as the most represented country in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-fintech-50-2025\/\" style=\"\" rel=\"noopener\">Forbes Midd<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-fintech-50-2025\/\" style=\"\" rel=\"noopener\">le East's<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-fintech-50-2025\/\" style=\"\" rel=\"noopener\">Fintech 50<\/a><\/strong><strong> list for 2025<\/strong>, with 13 companies securing spots among the region\u2019s leading fintech firms. New Emirati entrants included Ziina, making its debut at #37. The highest-ranking UAE-based companies were Wio Bank (#4) and e&amp; money (#9).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Seven Emirati banks<\/strong> <strong>secured spots in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/30-most-valuable-banks-2025\/\" style=\"\" rel=\"noopener\">Forbes Middle East\u2019s 30 Most Valuable<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/30-most-valuable-banks-2025\/\" style=\"\" rel=\"noopener\">Banks<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/30-most-valuable-banks-2025\/\" style=\"\" rel=\"noopener\"><\/a> <strong><a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/lists\/30-most-valuable-banks-2025\/\" style=\"\" rel=\"noopener\">2025<\/a><\/strong> list, with a combined market value of <strong>USD 153.4 bn <\/strong>\u2014 second only to Saudi Arabia, which led with 10 entries totaling USD 269 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s largest bank, First Abu Dhabi Bank, ranked third with a market value of USD 43.7 bn.<\/strong> Other UAE banks on the list include Emirates NBD (#6), Abu Dhabi Commercial Bank (#8), Abu Dhabi Islamic Bank (#12), Dubai Islamic Bank (#13), our friends at Mashreq at #17, and Commercial Bank of Dubai (#20).<\/p>\n<p class=\"tag-border-left\">ALSO WORTH NOTING- <\/p>\n<ul>\n<li><strong>Ras Al Khaimah Economic Zone (Rakez) was presented with the fastest-growing <\/strong><strong>economic zone in the UAE award <\/strong>at the Annual Asian Arab Awards 2025. (<a target=\"_blank\" href=\"https:\/\/rakez.com\/en\/media-centre\/news-detail\/articleid\/1575\/rakez-named-fastest-growing-economic-zone-in-the-uae-at-asian-arab-awards-2025\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Tarjama<\/strong><strong>\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ec24596-58e0-48b9-8345-048ea9c61398\/pearl-petroleum-issues-usd-350-mn-bonds\" style=\"\" rel=\"noopener\">Arabic large language model Pronoia<\/a><\/strong><strong> outclassed DeepSeek and <\/strong><strong>GPT-4o in Arabic-related tasks<\/strong> such as translation, rephrasing, and summarization. It also outperformed the other engines in terms of efficiency, processing speed, and low latency. (<a target=\"_blank\" href=\"https:\/\/tarjama.com\/introducing-pronoia-llm-the-arabic-ai-engine-built-for-enterprise-excellence\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/forbes\/\">Forbes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakez\/\">Rakez<\/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=\"101927\" 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=\"101927\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/\">\r\n                            Bristol Myers Squibb appoints Osama Braiwish as general 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\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/\" 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\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/')\">\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\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/\">\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=Bristol Myers Squibb appoints Osama Braiwish as general manager&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/\">\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\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/&title=Bristol Myers Squibb appoints Osama Braiwish as general manager\">\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=Bristol+Myers+Squibb+appoints+Osama+Braiwish+as+general+manager+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F21%2Fbristol-myers-squibb-appoints-osama-braiwish-as-general-manager%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\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1703.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101928\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/bristol-myers-squibb-appoints-osama-braiwish-as-general-manager\/1703-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1703.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1703.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1703.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1703.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101927\" class=\"content-area-description single-story post-101927 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-healthcare 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\/.2001883b-4786-4e64-8979-dd9161588811.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bristol <\/strong><strong>Myers<\/strong><strong> Squibb names Osama Braiwish general manager: <\/strong>American biotech firm <a target=\"_blank\" href=\"https:\/\/www.bms.com\/\" style=\"\" rel=\"noopener\">Bristol Myers Squibb<\/a> has appointed Osama Braiwish (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/osama-braiwish-33875611\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as general manager for the UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, and Jordan, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1695.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Braiwish boasts over 25 years of experience in the pharma and diagnostics industry. He previously served as general manager of Roche Diagnostics Saudi Arabia. Prior to that, he served as CPO head and country president at Novartis Saudi Arabia.<\/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\/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=\"101929\" 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=\"101929\">\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\/21\/singapore-based-creator-management-firm-gushcloud-plans-biggest-office-in-abu-dhabi-green-hydrogen-powered-buses-coming-to-dubai\/\">\r\n                            Singapore-based creator management firm Gushcloud plans biggest office in Abu Dhabi + Green hydrogen-powered buses coming to 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\" 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class=\"content-area-description single-story post-101929 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi tag-abu-dhabi-investment-office tag-also-on-our-radar tag-banking tag-debt tag-dp-world tag-edge-group tag-emirates-national-oil-company tag-emirates-nbd tag-enterpriseam-uae tag-green-hydrogen tag-tech tag-transport tag-united-arab-bank tag-visa 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\/.7515720b-dcdc-433c-890e-a8a860bb100e.mp3\"><\/audio><\/figure><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>Gushcloud <\/strong><strong>to establish regional HQ in Abu Dhabi: <\/strong>The Abu Dhabi Investment Office partnered with Singapore-based AI-powered creator management firm <a target=\"_blank\" href=\"https:\/\/www.gushcloud.com\/\" style=\"\" rel=\"noopener\">Gushcloud International<\/a> to set up its EMEA and India regional headquarters in Abu Dhabi, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-investment-office-partners-with-gushcloud-international-to-establish-its-regional-headquarters-in-the-emirate\/\" style=\"\" rel=\"noopener\">statement<\/a>. The company, which operates across 13 markets, will relocate senior leadership to the emirate, which is expected to become its largest international office. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnership will focus on IP development, training programs, and collaborations with local institutions<\/strong> to strengthen digital media expertise. Gushcloud will also launch a Creator Venture Program to fund and support digital content creators. The move is expected to generate over 100 jobs in technology, finance, sales, and legal sectors.<\/p>\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>NBD Pay integrates Visa\u2019s Cybersource: <\/strong>Emirates NBD Pay partnered with Visa to integrate Cybersource, a payment acceptance and risk management platform, into its digital payment services, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\/media-center\/visa-and-emirates-nbd-pay-launch-advanced-payment\" style=\"\" rel=\"noopener\">statement<\/a>. The move aims to strengthen fraud prevention and compliance for businesses across multiple sectors in the UAE, including retail, hospitality, healthcare, and travel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What merchants are getting:<\/strong> The platform offers AI-driven security tools designed to safeguard transactions and improve payment efficiency. Its tools also provide advanced risk assessment, while tokenization ensures secure transactions, and Account Funding Transactions facilitate seamless wallet top-ups.<\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enoc Group + RTA explore green hydrogen-powered transport: <\/strong>Emirates National Oil Company (Enoc) and the Dubai Roads and Transport Authority (RTA) have signed an MoU to explore the implementation of green hydrogen-powered mobility solutions in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.enoc.com\/en\/media-centre\/news-releases\/press-release-detail\/id\/536\/enoc-group-and-rta-collaborate-for-use-of-green-hydrogen-in-mobility-accelerating-dubai-green-mobility-strategy-2030?csrt=484136098382069644\" style=\"\" rel=\"noopener\">press release<\/a>. Under the partnership, Enoc will supply green hydrogen fuel to power RTA\u2019s hydrogen city buses, and will also provide technical support and refueling data to help assess the feasibility of the initiative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Enoc opened its first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/df055f94-7f9f-4cf3-a780-141019b57c15\" style=\"\" rel=\"noopener\">green hydrogen fuel station<\/a> in Expo City Dubai in 2023 with Dewa and Toyota, which was the only station in the region offering green hydrogen at the time. It also recently partnered with the Dubai Electricity and Water Authority (Dewa) to source green hydrogen from Dewa\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f52cab56-ff82-44d2-ad2b-d42728fa57bb\/dubai-taps-advisors-for-mohammed-bin-rashid-al-maktoum-solar-park%25e2%2580%2599s-seventh%253cmark%253e-phase%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Mohammed Bin Rashid Al Maktoum Solar Park<\/a>. <\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ethiopia, Abu Dhabi expand air travel:<\/strong> Etihad Airways entered into a strategic joint venture (JV) with Ethiopian Airlines that aims to boost their connectivity across their respective networks in the Middle East, Africa, and Asia, according to a <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-and-ethiopian-launch-strategic-joint-venture-and-new-flights-between-addis-ababa-and-abu-dhabi\" style=\"\" rel=\"noopener\">statement<\/a>. Under the partnership, Ethiopian Airlines will commence new services from Addis Ababa Bole International Airport (ADD) to Zayed International Airport (AUH) effective 15 July, while Etihad Airways will launch daily flights from AUH to ADD starting 1 October. The airlines have also entered into a codeshare arrangement to further expand their network and aim to discuss further ways to develop cooperation in areas including cargo, training and frequent flyer programs, Etihad CEO Antonoaldo Neves said. <\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World locks in a developer for Congo\u2019s first deep-sea port:<\/strong> DP World has selected Portuguese construction firm <a target=\"_blank\" href=\"https:\/\/www.mota-engil.com\/en\/\" style=\"\" rel=\"noopener\">Mota-Engil<\/a> to head the development of the Democratic Republic of Congo\u2019s (DRC) Banana Port, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/march\/20-03\/dp-world-deep-water-port-project\" style=\"\" rel=\"noopener\">statement<\/a>. The port \u2014 located in Kongo Central \u2014 will be DRC\u2019s first and only maritime gateway for containerized cargo that aims to reduce transport costs, facilitate trade, and support local industries. The project is scheduled to be built in two phases \u2014 the first phase will include a 600m quay, 30 hectares of storage area, and a handling capacity of 450k TEUs annually, while the second phase is set to expand the quay wall by over 2km. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who else is involved? <\/strong>The British government\u2019s development finance arm British International Investment (BII) invested some USD 35 mn for the first phase of DP World\u2019s deep-sea container port back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1c334e40-cb7a-4ba0-a331-60e3db6216f6\/bii-to-invest-usd-35-mn-in-dp-world%25e2%2580%2599s%253cmark%253e-port%253c%2Fmark%253e-in-congo\" style=\"\" rel=\"noopener\">August<\/a> 2024. The development of the firm will also include several local firms and enterprises. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> DP World <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/en\/drc\/banana-port\" style=\"\" rel=\"noopener\">inked a collaboration agreement with the Congolese government<\/a> in December 2021 to develop the Banana Port, which is set to boost the second-largest African country\u2019s access to international markets and global supply chains. The port \u2014 for which construction kicked off in 2022 \u2014 is expected to cut the cost of trade in Congo by 12% and create up to 85k jobs.<\/p>\n<p class=\"tag-border-left\">NON-BANKING FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Telr <\/strong><strong>secures UAE central bank license to expand digital payments:<\/strong> Payment gateway Telr has received a Retail Payment Services (RPS) License from the Central Bank of the UAE (CBUAE), enabling it to expand merchant acquiring and payment aggregation services in the country, according to a <a target=\"_blank\" href=\"https:\/\/telr.com\/blog\/telr-retail-payment-services-license-central-bank-uae\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Telr:<\/strong> Telr provides customized payment solutions that allow secure transactions and real-time monitoring for businesses and consumers. The company focuses on streamlining e-commerce payments, ensuring seamless, efficient, and secure digital transactions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Last year, Telr <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/853d679d-cd7e-4ea6-9c75-7e85613c64cb\/al-dar-properties-break-ground-on-logistics-hub-in-dubai-south\" style=\"\" rel=\"noopener\">secured preliminary approval<\/a> for the retail payment services and card schemes license from the CBUAE, paving the way for full approval. <\/p>\n<p class=\"tag-border-left\">INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhab<\/strong><strong>i-headquartered venture capital firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.deltawealthpartners.com\/\" style=\"\" rel=\"noopener\">Delta Wealth Partners<\/a><\/strong><strong> will launch an <\/strong><strong>AI-focused fund, the Delta Future Fund, in 2Q 2025<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/arabic\/business\/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%AF%D9%84%D8%AA%D8%A7-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84%D9%8A-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%85%D8%A8%D8%AA%D9%83%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B0%D9%83%D8%A7%D8%A1-%D8%A7%D9%84%D8%A7%D8%B5%D8%B7%D9%86%D8%A7%D8%B9%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7-%D8%A7%D9%84%D8%B9%D9%85%D9%8A%D9%82%D8%A9\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. The fund will target startups working in advanced AI, deep tech, automation, robotics, fintech, and computing.<\/p>\n<p class=\"tag-border-left\">DEBT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch upgrades UAB\u2019s Viability Rating: <\/strong>Credit ratings agency Fitch Ratings has upgraded ADX-listed United Arab Bank (UAB)\u2019s Viability Rating (VR) to BB-, up from B+ previously, citing \u201cUAB's improved asset quality and profitability metrics,\u201d <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/banks\/fitch-affirms-united-arab-bank-at-bbb-outlook-stable-upgrades-vr-to-bb-18-03-2025\" style=\"\" rel=\"noopener\">Fitch Ratings<\/a> said on its website. The upgrade comes as the agency sees UAB\u2019s asset quality and profitability being sustainable in the medium term, on the back of the bank\u2019s \u201cloan book clean-up process, and tightening of underwriting standards,\u201d coupled with the UAE\u2019s favorable operating conditions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch also affirmed UAB\u2019s Long-Term Issuer Default Rating (IDR) at BBB+,<\/strong> with a stable outlook.<\/p>\n<p class=\"tag-border-left\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E<\/strong><strong>dge\u2019s<\/strong> <strong>Powertech secures first order for P145i engine from Adasi: <\/strong>Edge Group\u2019s <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/powertech\" style=\"\" rel=\"noopener\">Powertech<\/a> secured its first order for the P145i combustion engine from military UAV system manufacturer <a target=\"_blank\" href=\"https:\/\/adasi.ae\/\" style=\"\" rel=\"noopener\">Adasi<\/a>, Edge said in a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-groups-powertech-secures-first-p145i-engine-order-adasi-uavs\" style=\"\" rel=\"noopener\">press release<\/a>. Under the agreement, Powertech will supply Adasi with its advanced six-cylinder fuel-injection engine, designed for unmanned aerial vehicles and light aircraft.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-office\/\">Abu Dhabi Investment Office<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-national-oil-company\/\">Emirates National Oil Company<\/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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/united-arab-bank\/\">United Arab Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/visa\/\">Visa<\/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=\"101931\" 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=\"101931\">\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\/21\/whats-in-store-for-turkeys-economy-and-investment-flows-as-political-unrest-takes-a-toll\/\">\r\n                            What\u2019s in store for Turkey\u2019s economy and investment flows as political unrest takes a toll?                        <\/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\/21\/whats-in-store-for-turkeys-economy-and-investment-flows-as-political-unrest-takes-a-toll\/\" 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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While the Turkish government is scrambling to contain the damage, the events have brought the question of Turkish economic stability back in the spotlight after a brief period of relative stability, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-20\/turkey-turmoil-pushes-lira-borrowing-costs-to-highest-in-years?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Turkish<\/strong><strong> markets <\/strong><strong>fell by the most in the world on Wednesday after the arrest<\/strong>, with the TRY also seeing a sharp sell-off falling nearly 12% to hit a new all-time low of 42 against the greenback, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/currencies\/turkish-cenbank-sells-record-amount-fx-after-lira-plunges-bankers-say-2025-03-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Markets have since stabilized: <\/strong>The main stocks index rose 1.1% yesterday, paring some of its losses from earlier, though the banking index dropped 4.6%<strong>. <\/strong>The TRY also gained some ground, stabilizing at 38 per USD, still down 0.3%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot of it comes down to the central bank\u2019s swift response to the turmoil: <\/strong>The central bank reportedly sold nearly USD 10 bn in foreign currency reserves in an attempt to prevent a deeper currency crisis \u2014 the largest single-day intervention on record, Reuters reports. Analysts say the central bank did not directly intervene in the exchange rate but used public banks to conduct transactions at an unprecedented scale. Authorities also moved to control public reaction, blocking some communication platforms, throttling internet access, and banning protests across Istanbul, Bloomberg added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors, who had begun returning to Turkey following recent economic reforms, are rattled. <\/strong>The arrest is a \u201creminder that President Erdogan intends to tighten his grip on power even more,\u201d said senior FX analyst Piotr Matys. Investors fear growing government intervention and capital flight could derail Finance Minister Mehmet Simsek\u2019s efforts to restore economic stability by unwinding years of unorthodox economic policies \u2014 also known as Erdonomics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts are broadly optimistic:<\/strong> Despite Wednesday\u2019s turmoil, Goldman Sachs economist Clemens Grafe suggested that foreign selling is \u201clikely to be limited,\u201d given that the turmoil is political rather than directly tied to economic policy. However, rebuilding investor confidence will take time, he said. Others, including an analyst at Control Risks, expect inflation to rise on the back of shaky confidence in the TRY and in the economy, which could prompt new rate hikes as the central bank continues to prioritize tamping down on inflation, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/20\/turkey-faces-protests-investor-flight-after-opposition-leaders-arrest.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The biggest question is whether domestic investors will rush into USD<\/strong>, further pressuring the TRY. \u201cPanic selling from both foreigners and locals appears to have cooled off,\u201d said MUFG Bank Turkey Treasury Head Onur Ilgen, adding that the potential currency switch is \u201cthe most important issue to be tackled by policymakers.\u201d<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in trading this morning<\/strong>, mirroring uncertainty and volatility across global markets, including on Wall Street. Japan\u2019s Nikkei was up 0.5% after positive inflation figures showed the headline figure easing in February from the previous month, while Hong Kong\u2019s Hang Seng slipped 0.6%. China\u2019s CSI 300 was up 0.2%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on Wall Street<\/strong>, futures point to a weak open after stocks struggled to continue the rally brought on by the Fed\u2019s decision to hold rates steady on Wednesday. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,368<\/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: -0.5%)<\/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>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\">5,131<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,192<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,760<\/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: -2.4%)<\/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>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\">31,678<\/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: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,663<\/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\">-0.22% (YTD: -4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,702<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,451<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +11.5%)<\/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 72.0<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.7%<\/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 3.92<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3%<\/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 3,052<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 84,382<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7% (YTD: -10.7%)<\/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 DFM rose 0.3% yesterday<\/strong> on turnover of AED 456.7 mn. The index is down 0.6% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Al Firdous Holdings (+2.4%), Talabat Holding (+2.1%), and ENBD REIT (+1.9%)..<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Emirates Investment Bank (-9.8%), Dubai Islamic Ins. and Reins. Co. (-3.7%) and National Cement Company (-3.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index fell 0.7% on turnover of AED 940 mn. <strong>Nasdaq Dubai<\/strong> was down 0.1%, and up 0.7% YTD.<\/p>\n<p class=\"tag-border-left\"> CORPORATE ACTIONS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Budget <\/strong><strong>retailer Union <\/strong><strong>Coop will distribute<\/strong><strong> AED 282 mn in dividends for 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1691.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The company will distribute AED 244.4 mn as a 14% return on its paid-up capital, while the remaining AED 37.6 mn will be provided as a 5% return on shareholders' purchases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fuja<\/strong><strong>irah Building Industries\u2019 <\/strong><strong>shareholders<\/strong><strong> approved a <\/strong><strong>30%<\/strong><strong> dividend payout for FY<\/strong><strong> 2024 equivalent to AED 40.8 mn<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1717.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1717.pdf\" style=\"\" rel=\"noopener\">pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Union P<\/strong><strong>roperties\u2019s general assembly will discuss reducing its capital to AE<\/strong><strong>D 2.9 bn<\/strong>, down from AED 4.3 bn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1732.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the DFM. The AED 1.4 bn reduction, or 33.4% of its total issued capital, is equivalent to the firm\u2019s accumulated losses as of the end of 2024, it said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ansari Fi<\/strong><strong>nancial Services will distribute dividends of AED 315 mn<\/strong>, representing 420% of the firm\u2019s paid-up share capital, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1733.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the DFM.<\/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\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/turkey\/\">Turkey<\/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=\"101933\" 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=\"101933\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/uae-mediates-another-exchange-of-war-captives-between-russia-and-ukraine-kickstarts-talks-for-an-economic-partnership-with-tunisia\/\">\r\n                            UAE mediates another exchange of war captives between Russia and Ukraine + kickstarts talks for an economic partnership with Tunisia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1740.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"101934\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/uae-mediates-another-exchange-of-war-captives-between-russia-and-ukraine-kickstarts-talks-for-an-economic-partnership-with-tunisia\/1740-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1740.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1740.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1740.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1740.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101933\" class=\"content-area-description single-story post-101933 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-kuwait tag-uae-russia-relations tag-ukraine 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\/.34a0d983-92e7-4f6d-a358-05e413dc435e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE facilitated the exchange of 350 war captives\u2014175 Ukrainians an<\/strong><strong>d 175 <\/strong><strong>Russians\u2014between Russia and Ukraine<\/strong>, according to a Foreign Affairs Ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/MediaHub\/News\/2025\/3\/19\/19-3-2025-UAE-Russia\" style=\"\" rel=\"noopener\">statement<\/a>. This marks the UAE\u2019s 13th successful mediation, bringing the total number of captives exchanged through its efforts to 3.2k.<\/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> and Tunisia<\/strong><strong> began negotiations for a comprehensive economic partnership <\/strong><strong>agreement<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/biqt1qa-uae-tunisia-launch-cepa-negotiations\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement aims to boost trade and investment by reducing tariffs, improving market access, and creating new investment opportunities across multiple sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- President Sheikh Mohamed<\/strong><strong> bin Zayed Al Nahyan and Kuwaiti Emir Sheikh Mishal Al Sabah discussed ways to strengthen bilateral cooperation<\/strong> during a phone call, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/biregux-uae-president-holds-phone-call-with-emir-kuwait\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-russia-relations\/\">UAE-Russia relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ukraine\/\">Ukraine<\/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=\"101935\" 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\/21\/101935-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-101935\" class=\"content-area-description single-story post-101935 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;\">24-28 March (Monday-Friday): Subscription period for Methaq Takaful\u2019s rights issue on the ADX.<\/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;\">30 March-1 April (Sunday-Tuesday): 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 style=\"font-weight:400;\">8 April (Tuesday): Allocations and refunds for Methaq Takaful\u2019s rights issue on the ADX.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-9 April<\/span><span> (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/biqt1w2-world-crisis-and-emergency-management-summit-set\" style=\"\">World Crisis and Emergency Management Summit<\/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>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>23-24 April (Wednesday-Thursday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaiaifestival.com\/\" style=\"\">Dubai AI Festival<\/a><\/span><span style=\"font-weight:400;\">, Dubai International Financial Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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:400;\">29 April (Monday): Deadline to send comments and feedback on the FSRA proposal.<\/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 style=\"font-weight:400;\">15 May (Thursday): Dewa tender for pumping stations bids deadline.<\/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 May (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/march\/17-03\/dubai-chambers-to-host-dubai-business-forum\" style=\"\">Dubai Business Forum<\/a><\/span><span style=\"font-weight:400;\">, Hamburg, Germany.<\/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 (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 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;\">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: Dubai inflation held steady in February<\/p>\n","protected":false},"featured_media":101906,"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-101905","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d8f6df0b-1d1b-4cc8-a4a6-9dcaec23ea67","teaser":"Plus: Dubai inflation held steady in February","photo_url":"https:\/\/ent.news\/2024\/10\/550.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Moody\u2019s is upbeat on the 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