{"id":102011,"date":"2025-03-25T00:00:00","date_gmt":"2025-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=102011"},"modified":"2025-12-15T03:16:37","modified_gmt":"2025-12-15T03:16:37","slug":"warner-bros-takes-stake-in-osn-streaming","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/warner-bros-takes-stake-in-osn-streaming\/","title":{"rendered":"Warner Bros takes stake in OSN Streaming"},"content":{"rendered":"<section id=\"102013\" 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=\"102013\">\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\/25\/this-morning-taqa-revives-talks-for-a-stake-in-spanish-gas-producer-and-renewables-firm-naturgy-report-global-energy-demand-grew-2-2-in-2024\/\">\r\n                            THIS MORNING: Taqa revives talks for a stake in Spanish gas producer and renewables firm Naturgy -report + global energy demand grew 2.2% in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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      \n<article id=\"post-102013\" class=\"content-area-description single-story post-102013 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-central-bank-of-the-uae tag-dana-gas tag-dubai tag-energy tag-enterpriseam-uae tag-ma-watch tag-real-estate tag-renewables tag-taqa tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.7679ac0c-a625-413f-856e-318cd6a6dfde.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>Maybe it\u2019s just us, but the final workweek of Ramadan seems to be moving at an excruciatingly slow pace \u2014 though we can\u2019t say the same for the news\u2026 <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have another busy issue for you this morning<\/strong>, led by a handful of M&amp;A updates from the <strong>Abu Dhabi Investment Authority<\/strong>, which <strong>acquired a minority stake in a European outdoor accommodation provider<\/strong>, and <strong>Warner Bros\u2019 acquisition of a stake in OSN Streaming<\/strong>. We also have an earnings update from UAE conglomerate Majid Al Futtaim, and a new funding round for an Abu Dhabi fintech.<\/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 6:35pm today in Dubai and 6:39pm in Abu Dhabi. You\u2019ll have until fajr prayers at 4:59am in Dubai and 5:03am 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>\u26c5WEATHER-<\/strong><strong> Temperatures are still on the cooler side today<\/strong>, peaking at 26\u00b0C in Dubai and 22\u00b0C in Abu Dhabi, according to our favorite weather app and the National Center of Meteorology\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1934.pdf\" style=\"\" rel=\"noopener\">forecast (pdf)<\/a>. Dubai will hit an overnight low of 20\u00b0C, while Abu Dhabi will cool to 20\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- Say hello to polymer AED 100 banknotes: <\/strong>The Central Bank of the UAE (CBUAE) has introduced a new AED 100 polymer banknote as part of the third issuance of the national currency project, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1966.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1966.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. You can expect to find prominent cultural symbols on the banknote, including the Um Al Quwain National Fort and Port of Fujairah, along with the Etihad Rail. The polymer note is more durable, and incorporates security features like spark flow dimensions and kinegram colors to combat counterfeiting, as well as Braille symbols to aid visually impaired users. The note entered circulation yesterday alongside the existing AED 100. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai Land Department\u2019s Real Estate Regulatory Agency is throwing property <\/strong><strong>owners who are late on service fee payments a lifeline <\/strong>with a new program offering installment plans in coordination with jointly owned property management firms, according to a <a target=\"_blank\" href=\"https:\/\/dubailand.gov.ae\/en\/news-media\/dubai-land-department-launches-the-tayseer-initiative-with-jop-management-companies-to-ease-the-payment-of-currently-overdue-service-fees\/#\/\" style=\"\" rel=\"noopener\">press release<\/a>. Installment plans can range from six months to longer, and come as RERA looks to reduce service fee-related disputes at the Rental Disputes Center, enhance financial stability in the real estate sector, and improve service fee allocation across projects. You can register for a period of two months through any of the 19 property management firms onboarded to the program. The full list of companies can be found <a target=\"_blank\" href=\"https:\/\/dubailand.gov.ae\/en\/eservices\/tayseer\/#\/\" style=\"\" rel=\"noopener\">here<\/a>. <\/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- Abu Dhabi\u2019s Taqa is reportedly in talks with Spanish gas producer and renewables <\/strong><strong>player Naturgy\u2019s largest shareholder to revive acquisition talks<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-24\/uae-s-taqa-is-said-to-have-approached-criteria-on-naturgy-deal?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter. Taqa Chairman Mohamed Hassan Alsuwaidi met with an executive of Naturgy\u2019s shareholder, Criteria Caixa, in Spain. Criteria Caixa currently owns a 26.7% stake in the company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> Taqa had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d51362ad-6753-4158-9653-caf0381d914f\/adnoc-drilling,-alpha-dhabi-jv-to-up-stake-in-us-tech-firm\" style=\"\" rel=\"noopener\">pulled the plug<\/a> on talks with Criteria Caixa in June last year, after speculations that the potential acquisition could meet resistance amid a rising wave of protectionism in the EU, which would have prompted the Spanish government to negotiate maintaining a stake. The company was reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/371707d9-2b0b-4348-beb9-230555a426d7\/taqa-in-talks-for-potential-takeover-of%253cmark%253e-naturgy%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">eyeing a 40% stake<\/a> in the firm, which would have required it to launch a mandatory tender offer (MTO) for 100% of the company, since Spanish law dictates that any offer to buy more than 30% of a company automatically triggers an MTO requirement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The same sticking points remain: <\/strong>One of Bloomberg\u2019s sources said that Naturgy\u2019s shareholders are open to a sale, provided it\u2019s only of a minority stake, and the Algerian government \u2014 which at the time of the initial talks was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74706d6e-3315-4796-99f7-ca904f248f8b\/taqa%25e2%2580%2599s-naturgy-bid-could-hit-resistance-in-spain-%2B-algeria,-reports-suggest\" style=\"\" rel=\"noopener\">considering blocking<\/a> the transaction, to protect its stake in the company \u2014 is on board. Naturgy owns two pipelines that carry fuel from Algeria to Spain. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Dana <\/strong><strong>Gas<\/strong><strong> mulls potential USD 500 mn issuance: <\/strong>Dana Gas\u2019 board of directors is meeting on 16 April to discuss issuing a non-convertible bond or sukuk issuance worth up to USD 500 mn or its equivalent in another currency, with a fixed tenor of three to five years, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1931.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX. The issuance would either be offered directly or through a special purpose vehicle. It is also set to consider paying AED 384.7 mn in dividends for 2024.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- Sidara gets more time to make (yet another) move on Wood Group: <\/strong>UK-based engineering services firm Wood Group is giving Dubai-based engineering and consulting group Sidara until 17 April <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36f4b0bf-ba8b-415d-adce-bfb18e5a3d74\/this-morning:-us-envoy-says-gulf-could-be-bigger-than-europe-%25252B-masdar-eyes-totalenergies%252525e2%25252580%25252599-portuguese-renewables-assets\" style=\"\" rel=\"noopener\">to decide whether to make a formal takeover offer<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.woodplc.com\/news\/latest-press-releases\/2025\/extension-of-pusu-deadline\" style=\"\" rel=\"noopener\">statement<\/a>. Sidara initially had until yesterday to make a formal offer, but it is still waiting for a governance report and a complete financial audit on Wood Group. The two companies are reportedly negotiating a lower price due to the recent decline in Wood\u2019s share price.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- This is Sidara\u2019s second attempt in under a year.<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7faefc14-806b-4df1-9efe-03334330a170\/sidara-backs-out-of-plans-to-buy-out%253cmark%253e-wood-group%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Last August<\/a>, it walked away from a GBP 1.56 bn bid, citing market instability and geopolitical concerns. WG\u2019s shares dropped nearly 80% over the past year, slashing its market value to just over GBP 200 mn. Investors are also worried about financial governance issues, rising debt, and leadership changes, especially after CFO Arvind Balan resigned in February. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>UAE <\/strong><strong>investors are doubling down on gold in 2025<\/strong> as prices hover near record highs of USD 3k an ounce, according to an Equiti Group report shared with Enterprise. The surge is driven by sustained central bank demand amid global uncertainty. The gold-to-money ratio stands at just 0.13\u2014around 30% of its 1980 level\u2014suggesting prices \u201cmight have much more room to rise,\u201d said Equiti\u2019s Farah Mourad. Central banks snapped up over 1k tonnes of gold for a third straight year in 2024, reinforcing gold\u2019s status as a safe-haven asset. With inflationary pressures persisting, analysts see gold climbing as high as USD 3.4k by year-end.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But jewelry sales are dipping as buyers wait for prices to cool: <\/strong>Jewelry demand in the UAE, which typically accounts for 60% of the gold market, is cooling as consumers balk at high prices, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/after-gold-rush-asian-mid-east-sellers-flood-jewellery-market-2025-03-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. \u201cA lot of Indian tourists usually shop in Dubai to avoid import taxes, but even they're holding back,\u201d a Dubai-based bullion seller said. Buyers are shifting to lower-weight items or holding off entirely, according to the World Gold Council\u2019s Middle East and Public Policy head Andrew Naylor. However, data indicates that while fewer jewelry pieces were purchased last year, the total value of sales still rose, Naylor said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, FX trading is booming<\/strong>, with the Middle East\u2019s online market on track to hit USD 1 tn in 2025. The Middle East is \u201cone of the few regions in the world where client numbers are expanding rather than contracting,\u201d according to Equiti. The UAE is leading the charge as traders target major pairs like the EUR\/USD and the USD\/JPY, riding central bank policy divergence. Fed cuts, European Central Bank easing, and Japan\u2019s rate hikes have fueled volatility, pushing the EUR\/USD up 6% and the USD\/JPY down 6.6%, while opening up further plays for currency investors.<\/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- Is your landlord asking for single-cheque payments? You\u2019re not alone. <\/strong>Dubai landlords are increasingly using single-cheque payments as a bargaining tool for lower rent rates as landlors look to navigate caps on rent hikes implemented via Dubai\u2019s rental index, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/property\/dubai-tenants-are-being-told-pay-rent-in-1-cheque-or-pay-more-1.500070370\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. Tenants seeking lease renewals are being offered a rent reduction if they pay the full contract amount upfront in a single cheque. However, those opting for multiple cheques\u2014whether four or six\u2014face rent hikes ranging from 5% to 25% compared to their previous rates. These increases are particularly common in high-rated buildings with better construction and maintenance standards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many tenants hesitate to pay in one go due to budget constraints<\/strong>, Avison Young UAE CEO Simon Townsend told the newswire. \u201cOf concern has been the number of tenants who have taken on additional liabilities whether short-term loans or credit cards to use to pay rents - potentially at higher cost to the rental premiums being sought,\u201d Townsend said. Meanwhile, rental prices in more affordable areas have stabilized, but a significant drop remains elusive after years of continuous increases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Dubai Land Department\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ac8e2e40-b764-49f0-8500-ee564adbcb0a\/this-morning:%253cmark%253e-dubai%253c%2Fmark%253e-land-department-to-roll-out-a-smart%253cmark%253e-rental%253c%2Fmark%253e%253cmark%253e-index%253c%2Fmark%253e-in-january-%2B-health-and-auto-ins.-premiums-in-the-emirate-to-rise-next-year\" style=\"\" rel=\"noopener\">rental index<\/a> aims to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/00f55d5c-361a-4458-a025-c4144237f447\/this-morning:-new-visa-rules-for-indian-nationals-%2B-dubai-smart%253cmark%253e-rental-index%253c%2Fmark%253e-makes-90-day-notice-period-for-rent-hikes-a-requirement\" style=\"\" rel=\"noopener\">regulate rental price adjustments<\/a> and enhance market transparency, with hikes capped at 20% or less depending on the unit\u2019s market value. <\/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=\"wwtt2\"><\/a> <strong>Royal <\/strong><strong>family offices in the Gulf now oversee an estimated USD 500 bn in assets<\/strong>, emerging as influential players in the region\u2019s sovereign wealth ecosystem, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/investment\/royal-private-offices-in-gcc-control-nearly-500bln-in-assets-n8v867t4\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing Deloitte. The UAE is home to most of the 35 Royal Private Offices (RPOs) in the GCC identified by the Global Sovereign Wealth Fund (SWF) Institute.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Notable mentions: <\/strong>The Royal Group, led by Sheikh Tahnoon bin Zayed Al Nahyan, manages USD 300 bn and holds 61% of IHC, which Al Nahyan also chairs. In 2024, IHC launched 2PointZero, a USD 27 bn holding company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RPOs are getting deeper into private credit:<\/strong> The rise of RPOs has spurred the creation of new or parallel sovereign funds\u2014often linked to ruling families\u2014blurring the line between public and private capital, Deloitte notes. In 2022, Chimera Capital (now Lunate), an affiliate of Royal Group, partnered with Alpha Wave Global to launch a USD 2 bn private credit fund. The USD 110 bn Lunate, has since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eefa4764-ee82-4428-b793-ba26a8bbbd26\/this-morning:%253cmark%253e-lunate%253c%2Fmark%253e-eyes-private-credit-firm-hps-partners%3F\" style=\"\" rel=\"noopener\">considered<\/a> acquiring a stake in HPS Partners, while Mubadala has invested over USD 5 bn in private credit partnerships with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0c1d0615-1443-4994-8552-30b8a447b4dc\/mubadala-and-apollo-expand-multi-bn-partnership-for-the-second-time\" style=\"\" rel=\"noopener\">Apollo<\/a>, Ares, and Blackstone, expanding its global footprint.<\/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>Trump tariffs are back on the front pages: <\/strong>US President Donald Trump said auto tariffs will land \u201cin the next few days,\u201d with additional duties on pharma, lumber, and semiconductors set to follow \u201cdown the road.\u201d Speaking to reporters at the White House yesterday, Trump said many of these levies will take effect on 2 April, which he framed as a \u201cLiberation Day\u201d for the US economy, though some duties may be phased in later and certain allies could receive exemptions. \u201cWe\u2019ve been ripped off by every country,\u201d Trump told reporters, arguing the tariffs will help shrink America\u2019s trade deficit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump also confirmed a new 25% \u201csecondary tariff\u201d <\/strong>on any country purchasing oil or gas from Venezuela, which will also take effect 2 April, the US President said on his social media platform <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114217914259825110\" style=\"\" rel=\"noopener\">Truth<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Markets reax:<\/strong> Wall Street closed higher on Monday on hopes that Trump\u2019s long-threatened tariff package may end up being narrower in scope than initially feared. The S&amp;P 500 gained nearly 1.8%, hitting a two-week high. But one White House official told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-widens-trade-war-he-targets-venezuelas-energy-sector-eyes-sectoral-tariffs-2025-03-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> that people \u201cshould not expect a reprieve,\u201d saying the president is still \u201cdetermined to implement reciprocal tariffs that are very strong.\u201d (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/trump-impose-25-tariff-countries-that-buy-oil-gas-venezuela-2025-03-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-24\/trump-says-auto-levies-coming-teases-reciprocal-tariff-breaks?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/03\/24\/business\/tariffs-stocks-trump\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cvgwjxz1e92o\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/24\/trump-tariffs-autos-pharmaceuticals-sectoral-reciprocal.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/24\/us\/politics\/trump-tariffs-venezuela-oil.html\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Egypt continues its diplomatic push for a Gaza ceasefire<\/strong>, proposing a one-week pause in return for the release of five hostages and the delivery of humanitarian aid \u2014 a proposal reportedly welcomed by Hamas. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/mideast-gaza-israel-hamas-war-latest-03-24-2025-373f418f4658f943e34738fd4e9f490f\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypt-makes-new-proposal-restore-gaza-ceasefire-deal-between-israel-hamas-2025-03-24\/\" style=\"\" rel=\"noopener\">Reuters<\/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\"><a id=\"wwtt3\"><\/a> <strong>#1-<\/strong> <strong>Global energy<\/strong><strong> demand grew 2.2% last year<\/strong>, faster than the average rate, largely driven by emerging and developing economies which accounted for 80% of the uptick, according to the <a target=\"_blank\" href=\"https:\/\/www.iea.org\/\" style=\"\" rel=\"noopener\">International Energy Agency<\/a> \u2019s (IEA) <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1941.pdf\" style=\"\" rel=\"noopener\">2025 Global Energy Review (pdf)<\/a>. Electricity demand led the rise, growing 4.3% at its highest level yet. Country-wise, China and India saw the largest uptick in demand for energy, with extreme weather patterns triggering increased energy needs. The Middle East saw a 2.2% uptick in energy demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand for oil slowed t<\/strong><strong>o 0.8% in 2024<\/strong>, after a 1.9% increase in 2023, and made up less than 30% of total energy demand on the back of slower industrial growth, increased electric vehicle use, and a slowdown in the road transportation sector. Natural gas, however, saw a 2.7% uptick in demand, largely driven by China, while global gas demand hit a new all-time high.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also growing to a record high<\/strong>: Renewables capacity rose by 700 GW (GW) in 2024 to another all-time high, accounting for 80% of global growth alongside nuclear energy. Renewables also made up nearly three-quarters of the growth in power generation. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>The Gulf Mercantile Exchange (GME) has launched trading on its Alternativ<\/strong><strong>e <\/strong><strong>Crude Ecosystem (ACE)<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bits79u-gme-marks-first-trade-alternative-crude-ecosystem\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The first transaction saw 500 contracts of Oman Crude Oil sold for May 2025 delivery.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s ACE? <\/strong>The bilateral trading platform allows participants to trade multiple crude grades as differentials against the GME Oman sour crude futures benchmark. These include Oman, Al Shaheen, Basrah Medium, Basrah Heavy, Dubai, Murban, and Upper Zakum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>GME logged a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b4c1067f-c3f8-4ce3-960d-63408c83b590\/this-morning:-adia-to-invest-in-malaysia%25e2%2580%2599s-yinson-production-offshore%3F-%2B-sharjah-to-roll-out-rental-index\" style=\"\" rel=\"noopener\">12% increase<\/a> in 2024 trading volume with 1.3 mn contracts. Meanwhile, front-month contract volume grew 20% y-o-y during the year to a record 959.6k. <\/p>\n\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\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dana-gas\/\">Dana Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span 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alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102016\" 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=\"102016\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/warner-bros-snaps-up-a-c-30-stake-in-osn-streaming-for-usd-57-mn\/\">\r\n                            Warner Bros. snaps up a c. 30% stake in OSN Streaming for USD 57 mn                        <\/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\/25\/warner-bros-snaps-up-a-c-30-stake-in-osn-streaming-for-usd-57-mn\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Warner+Bros.+snaps+up+a+c.+30%25+stake+in+OSN+Streaming+for+USD+57+mn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F25%2Fwarner-bros-snaps-up-a-c-30-stake-in-osn-streaming-for-usd-57-mn%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\/25\/warner-bros-snaps-up-a-c-30-stake-in-osn-streaming-for-usd-57-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1950.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102017\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/warner-bros-snaps-up-a-c-30-stake-in-osn-streaming-for-usd-57-mn\/1950-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1950.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1950.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1950.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1950.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102016\" class=\"content-area-description single-story post-102016 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-investment-watch tag-ma tag-ma-watch tag-osn 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\/.a448a4a9-429a-451f-b264-761a93e3c90b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Warner Bros. i<\/strong><strong>s making a big move into the Middle Eastern streaming scen<\/strong><strong>e by <\/strong><strong>purchasing a minority stake in Dubai-based OSN\u2019s streaming unit<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/kipco.com\/warner-bros-discovery-and-osn-forge-strategic-partnership-to-accelerate-their-mena-growth-plan\/\" style=\"\" rel=\"noopener\">a statement<\/a> by Kuwaiti owner Kuwait Projects Company (Kipco). The media giant is investing USD 57 mn for c. 30% of the company, a transaction that will roll out in stages and still needs regulatory approval, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1944.pdf\" style=\"\" rel=\"noopener\">a separate disclosure to the Kuwaiti exchange (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale? <\/strong>The global media giant is choosing to acquire local players in new markets rather than build from the ground up in a bid to avoid more fragmentation in a \u201cvery crowded stream marketplace,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-24\/warner-bros-backs-dubai-s-osn-in-mideast-streaming-push\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported citing WB Executive Vice President Jamie Cooke. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The last venture in the region?<\/strong> For Warner Bros., there is \u201cprobably not\u201d going to be more such acquisitions in the region, Cooke added. \u201cThis is for me [Cooke] the final piece of the puzzle for our whole ecosystem in the region, we just need to make them all work together.\u201d The company also <a target=\"_blank\" href=\"https:\/\/variety.com\/2023\/streaming\/global\/warner-bros-discovery-acquires-blutv-turkey-1235857579\/\" style=\"\" rel=\"noopener\">acquired<\/a> 100% of Turkey\u2019s BluTV in 2023 following an initial 35% investment in 2021. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> \u201cThrough this [transaction], we\u2019re delighted to announce that both OSN and Warner Bros. Discovery will invest in high-quality, locally produced content, ensuring a richer and more diverse offering for viewers,\u201d said Cooke.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deepening an existing partnership: <\/strong>OSN secured exclusive streaming rights to Warner Bros.\u2019 film catalog last year, building on its 2022 licensing agreement for exclusive HBO content. OSN Streaming also owns <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cc10db2f-ca51-4464-817d-fa8dcd33b54e\/osn%2B-completes-acquisition-of-majority-stake-in%253cmark%253e-anghami%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">a majority stake in Anghami<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong><a target=\"_blank\" href=\"https:\/\/www.kamcoinvest.com\/ar\" style=\"\" rel=\"noopener\">Kamco Investment<\/a> and the Abu Dhabi office of <a target=\"_blank\" href=\"https:\/\/www.skadden.com\/\" style=\"\" rel=\"noopener\">Skadden, Arps, Slate,<\/a><a target=\"_blank\" href=\"https:\/\/www.skadden.com\/\" style=\"\" rel=\"noopener\">Meagher &amp; Flom LLP<\/a> were advisors to OSN Group, and <a target=\"_blank\" href=\"https:\/\/www.aoshearman.com\/en\" style=\"\" rel=\"noopener\">A&amp;O Shearman<\/a> for Warner Bros.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/osn\/\">OSN<\/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=\"102018\" 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=\"102018\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/\">\r\n                            Adia acquires minority stake in European Camping Group                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adia acquires minority stake in European Camping Group&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/&title=Adia acquires minority stake in European Camping Group\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adia+acquires+minority+stake+in+European+Camping+Group+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F25%2Fadia-acquires-minority-stake-in-european-camping-group%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1955.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102019\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/adia-acquires-minority-stake-in-european-camping-group\/1955-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1955.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1955.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1955.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1955.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102018\" class=\"content-area-description single-story post-102018 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abu-dhabi-investment-authority tag-enterpriseam-uae tag-investment-watch tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.0d1d587a-65c5-4c4c-a6b9-eb92c6eeabd1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adia.ae\/\" style=\"\" rel=\"noopener\">Abu Dh<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adia.ae\/\" style=\"\" rel=\"noopener\">abi Investment Authority<\/a><\/strong><strong> (Adia) is set to acquire a significant <\/strong><strong>minority stake in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.europeancampinggroup.com\/en\/\" style=\"\" rel=\"noopener\">European Camping Group<\/a><\/strong> (ECG) from French private equity firm <a target=\"_blank\" href=\"https:\/\/www.paipartners.com\/\" style=\"\" rel=\"noopener\">PAI Partners<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1940.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. PAI would still be the majority shareholder in the outdoor accommodation firm and the transaction, subject to regulatory approval, is expected to close in 2Q 2025. The value of the transaction was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">About ECG:<\/strong><span style=\"background-color: transparent;\"> South of France-headquartered European Camping Group operates across 11 countries in Europe, and its portfolio comprises upwards of 450 sites through its brands Eurocamp and Homair. The group\u2019s other commercial brands include Roan, Camping Vision, Vacanceselect, Marvilla Parks, Tohapi Campings, Marvilla &amp; Tohapi, ECG Support, and Gain Solutions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis new chapter will allow us to pursue our geographic diversification journey and focus on organic and operation levers to achieve our full potential,\u201d ECG CEO S\u00e9bastien Manceau said.<\/p>\n\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-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102020 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=\"102020\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/102020-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102020\" class=\"content-area-description single-story post-102020 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\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=\"102021\" 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=\"102021\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/\">\r\n                            S&amp;P completes quarterly rebalancing of two DFM indices                        <\/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\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/\" 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\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/')\">\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\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/\">\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=S&#038;P completes quarterly rebalancing of two DFM indices&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/\">\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\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/&title=S&#038;P completes quarterly rebalancing of two DFM indices\">\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=S%26%23038%3BP+completes+quarterly+rebalancing+of+two+DFM+indices+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F25%2Fsp-completes-quarterly-rebalancing-of-two-dfm-indices%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\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1952.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102022\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/sp-completes-quarterly-rebalancing-of-two-dfm-indices\/1952-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1952.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1952.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1952.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1952.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102021\" class=\"content-area-description single-story post-102021 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-dubai-financial-market tag-enterpriseam-uae tag-sp-global wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.c2bf26f9-2994-48da-bde3-595733cea52c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Global rati<\/strong><strong>ng agency S&amp;P completed its quarterly rebalancing for two DFM <\/strong><strong>indices last <\/strong><strong>week<\/strong>. Four securities were removed and four were added to the <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-uae-domestic-shariah-liquid-35-20-capped-index\/#overview\" style=\"\" rel=\"noopener\">UAE Domestic Shariah Liquid 35\/20 Capped Index<\/a>. Similarly, the <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-uae-bmi-liquid-20-35-capped-index\/#overview\" style=\"\" rel=\"noopener\">UAE BMI Liquid 20\/35 Capped Index<\/a> saw two stocks added and two others removed. Rebalancing an index refers to the periodic adjustment of its composition to ensure it continues to reflect its intended market segment, strategy, or weighting methodology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&amp;P Shariah Liquid 35\/20: <\/strong>Air Arabia, Lulu Retail, NMDC Energy, Deyaar Development Company were added to the index, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1938.pdf\" style=\"\" rel=\"noopener\">a DFM disclosure (pdf)<\/a>. Meanwhile, Emaar Development, Emirates Telecommunications (e&amp;), Eshraq Properties, and Modon Holding rotated out. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deyaar + Lulu made the cut in both indices: <\/strong>Deyaar Development Company and Lulu Retail Holdings were also added to the S&amp;P UAE BMI Liquid 20\/35 index, while Ajman Bank and Eshraq Properties were removed, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1939.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-financial-market\/\">Dubai Financial Market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102023\" 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=\"102023\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/\">\r\n                            Orascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia                        <\/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\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/\" 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\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/')\">\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\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/\">\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=Orascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/\">\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\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/&title=Orascom JV to build USD 2.6 bn power plant expansion in Saudi Arabia\">\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=Orascom+JV+to+build+USD+2.6+bn+power+plant+expansion+in+Saudi+Arabia+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F25%2Forascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia%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\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1860.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102024\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/orascom-jv-to-build-usd-2-6-bn-power-plant-expansion-in-saudi-arabia\/1860-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1860.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1860.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1860.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1860.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102023\" class=\"content-area-description single-story post-102023 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-carbon-capture tag-construction tag-energy tag-enterpriseam-uae tag-saudi-arabia 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\/.614da98d-c65d-40bc-a5ba-81259dc3e955.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Orascom Construction + Tecnicas to build 3 GW IPP expansion<\/strong><strong> in Saudi: <\/strong>The 50\/50 JV between Nasdaq Dubai-listed global engineering firm Orscom Construction and Spain-based general contractor <a target=\"_blank\" href=\"https:\/\/www.tecnicasreunidas.es\/es\/\" style=\"\" rel=\"noopener\">Tecnicas Reunidas<\/a> inked a contract for the USD 2.6 bn, 3 GW expansion of the the Qurayyah IPP combined cycle power plant in Saudi Arabia\u2019s Eastern Province, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1895.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The engineering, procurement, and construction (EPC) contract was awarded by Hajr Two Electricity Company \u2014 a consortium of Saudi renewables giant Acwa Power, Saudi Electricity Company (SEC), and Haji Abdullah Alireza &amp; Co (HAAISCO).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">More on the facility: <\/strong><span style=\"background-color: transparent;\">The 3 GW combined-cycle gas-fired power plant will be equipped with carbon capture technology and a 380 kV electrical substation.<\/span><\/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>Saudi Electricity Company (SEC) and Acwa Power signed a 25-year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/66c509de-daf3-43b2-ab06-68e7806b76d0\/qurayyah-power-project-to-get-sar-13.4-bn-expansion-from-acwa-power,%253cmark%253e-sec%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">SAR 13.4 bn power purchase agreement<\/a> with the Saudi Power Procurement Company last month. SEC and Acwa Power each hold a 40% stake in the project, while Hajj Abdullah Alireza &amp; Company (Haaisco) owns the remaining 20%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> The existing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/66c509de-daf3-43b2-ab06-68e7806b76d0\/qurayyah-power-project-to-get-sar-13.4-bn-expansion-from-acwa-power,%253cmark%253e-sec%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 668.3 mn Qurayyah IPP project<\/a> \u2014 touted as the world\u2019s largest CCGT power plant \u2014 has a net generation capacity of 3.9 GW. The project began commercial operations back in 2015. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Orascom\u2019s not new to the sector: <\/strong>Orascom has invested heavily in the regional power sector, including in two 4.8 GW CCGTs in Egypt, the press release added. <\/p>\n\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\/carbon-capture\/\">carbon capture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"102025\" 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=\"102025\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\">\r\n                            Fintech Enza raises USD 6.8 mn in first external funding round                        <\/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\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\" 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\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/')\">\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\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\">\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=Fintech Enza raises USD 6.8 mn in first external funding round&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\">\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\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/&title=Fintech Enza raises USD 6.8 mn in first external funding round\">\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=Fintech+Enza+raises+USD+6.8+mn+in+first+external+funding+round+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F25%2Ffintech-enza-raises-usd-6-8-mn-in-first-external-funding-round%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\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1957.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102026\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/1957-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1957.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1957.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1957.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1957.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102025\" class=\"content-area-description single-story post-102025 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-fintech tag-startup-watch tag-venture-capital 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\/4\/.425a8133-ca4d-4da6-951b-b9154dec3fea.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi<\/strong><strong>-headquartered fintech startup Enza wrapped up its first external <\/strong><strong>funding round<\/strong>, raising USD 6.8 mn in a seed equity round jointly led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1915.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Veteran fintech investor <a target=\"_blank\" href=\"https:\/\/apis.pe\/team\/hossam-abou-moussa\/\" style=\"\" rel=\"noopener\">Hossam Abou Moussa<\/a> (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/236e3fc6-6a07-4eac-83eb-02223f460f09\/\" style=\"\" rel=\"noopener\">podcast<\/a>), a longtime friend of EnterpriseAM, is an early angel investor in the company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enza?<\/strong> <a target=\"_blank\" href=\"https:\/\/www.enzagroup.global\/\" style=\"\" rel=\"noopener\">Enza<\/a> is an Egyptian-founded, pan-African payments solution company with regional offices in Egypt, South Africa, and Nigeria. The company targets retail consumers and businesses with a mission \u201cto enable more inclusive, opportunity led commerce\u201d across the continent. After being founded in 2023, the startup partnered with TerraPay and made it onto the Visa Accelerator Program under the leadership of founder and CEO Hany Fekry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the money for? <\/strong>The fresh funds will be used to expand the fintech\u2019s presence across key African markets, in addition to \u201cfostering deeper partnerships, and improving responsiveness to the localized needs of its growing client base,\u201d according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis investment is a strong endorsement of our team, our market-leading services, and our commitment to empowering banks and fintechs to drive financial inclusion across the continent,\u201d said Fekry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/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=\"102027\" 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=\"102027\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/majid-al-futtaims-net-income-falls-6-in-2024-on-heightened-market-competition\/\">\r\n                            Majid Al Futtaim\u2019s net income falls 6% in 2024 on heightened market competition                        <\/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\/25\/majid-al-futtaims-net-income-falls-6-in-2024-on-heightened-market-competition\/\" 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\u2019s revenue decreased by 1.6% y-o-y to AED 34 bn last year, as strong revenue growth in properties (23%) and lifestyle (26%) was outweighed by declines in retail (10%) and entertainment (3%), on the back of market competition, weak consumer sentiment, and the currency devaluation in Egypt<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The group also reported a net impairment loss of AED 298 mn, with the retail segment accounting for AED 222 mn<\/strong>. This included a goodwill impairment of AED 64 mn. The remaining retail impairments were driven by store-level performance issues amid heightened market competition. Impairment losses in other business areas resulted from unrecoverable costs linked to strategic portfolio adjustments across different markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The property unit experienced significant growth in 2024, with revenue rising 25% y-o-y to AED 9.1 bn.<\/strong> This increase was driven by higher rental income from its shopping malls in the UAE and strong performance in the Ghaf Woods and Tilal Al Ghaf residential developments.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102029\" 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=\"102029\">\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\">A MESSAGE FROM MASHREQ<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/\">\r\n                            Non-recourse financing: a game changer for UAE real estate                        <\/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\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/\" 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\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/')\">\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\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/\">\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=Non-recourse financing: a game changer for UAE real estate&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/\">\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\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/&title=Non-recourse financing: a game changer for UAE real estate\">\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=Non-recourse+financing%3A+a+game+changer+for+UAE+real+estate+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F03%2F25%2Fnon-recourse-financing-a-game-changer-for-uae-real-estate%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\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2585.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102030\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/non-recourse-financing-a-game-changer-for-uae-real-estate\/2585-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2585.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2585.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2585.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2585.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102029\" class=\"content-area-description single-story post-102029 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-mashreq tag-a-message-from-mashreq tag-banking tag-enterpriseam-uae tag-mashreq tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.66b1cb00-190c-4366-a3d8-e5859acfd017.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Dubai\u2019s real estate market has always been a story of bold ambition, visionary development, and continuous evolution. But behind the glass facades and luxury projects lies a complex financial ecosystem that enables these developments to thrive. Among the most transformative innovations in this space is alternative financing\u2014an approach that Mashreq has helped pioneer in the region, setting the stage for a new era in real estate funding.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Traditional bank lending has long relied on recourse structures<\/strong>, where developers bear full liability. But as projects became larger and more sophisticated, the need for bespoke financing solutions became evident. When one of the UAE\u2019s largest developers required a structure that optimized capital allocation and minimized balance sheet impact, Mashreq leveraged its deep sector expertise to structure a groundbreaking transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The [transaction] allowed the developer to secure substantial funding<\/strong> <strong>with minimal<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>capital injection<\/strong>, treating the liability as contingent rather than direct. This provided the flexibility to raise additional debt while mitigating risk exposure. But bringing such a structure to life in a market unaccustomed to non-recourse lending required more than just financial acumen. It demanded rigorous risk evaluation, close collaboration with regulators, and a steadfast belief in the long-term value of Dubai\u2019s real estate market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The success of this transaction led to its replication across other assets. <\/strong>Moreover, refinancing at a lower cost further underscored the viability of non-recourse financing as a sustainable funding tool. While banks will always favor recourse structures, the appetite for non-recourse financing is growing, particularly for seasoned developers with proven track records.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As Dubai continues its ambitious expansion<\/strong>, non-recourse financing will play a pivotal role in attracting new investors and fueling high-quality developments. However, its application must remain disciplined. This is not a tool for speculative projects but rather a specialized solution for the most capable players in the market. The future of real estate financing in the UAE is about smarter, more strategic capital deployment. And non-recourse financing is at the heart of that evolution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zain Qureshi<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global Head of Real Estate Finance & Advisory of Mashreq<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/a-message-from-mashreq\/\">A MESSAGE FROM MASHREQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102031\" 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=\"102031\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/salama-silal-tap-new-ceos-adib-appoints-new-head-of-wealth-management\/\">\r\n                            Salama names Mohamed Ali Bouabane as CEO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/salama-silal-tap-new-ceos-adib-appoints-new-head-of-wealth-management\/\" 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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Boubane replaces Walter Jopp, who resigned last year, and joins from New York-based ins. provider AIG, where he was CEO for over four years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Silal<\/strong><span style=\"background-color: transparent;\"> <\/span><strong style=\"background-color: transparent;\">names Dhafer Al Qasimi as CEO: <\/strong><span style=\"background-color: transparent;\">Abu Dhabi-based food and agriculture technology company <\/span><a target=\"_blank\" href=\"https:\/\/www.silal.ae\/\" rel=\"noopener\">Silal<\/a><span style=\"background-color: transparent;\"> appointed Dhafer Al Qasimi (<\/span><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/dhafer-al-qasimi-436190104\/?originalSubdomain=ae\" rel=\"noopener\">LinkedIn<\/a><span style=\"background-color: transparent;\">) as CEO, according to a <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1913.pdf\" rel=\"noopener\">press release (pdf)<\/a><span style=\"background-color: transparent;\">. Al Qasimi, who previously served as director at ADQ, brings extensive experience in supply chain resilience, resource optimization, and sustainability. He succeeds <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1146e562-5770-4393-ad29-aea5d1c32fed\/saif-saeed-ghobash-appointed-chairman-of-crown-prince'\" rel=\"noopener\">Salmeen Al Ameri<\/a><span style=\"background-color: transparent;\">, who will become Agthia Group\u2019s CEO.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.adib.eg\/\" style=\"\" rel=\"noopener\">Abu Dhabi I<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adib.eg\/\" style=\"\" rel=\"noopener\">slamic Bank<\/a><\/strong><strong> (ADIB) tapped Basit Saiyed (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/basit-saiyed-100bb84b?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as head of its wealth<\/strong><strong> management division<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/adib-strengthens-wealth-management-capabilities-with-key-appointment-xe2f3dgg\" style=\"\" rel=\"noopener\">press release<\/a>. Saiyed has just shy of 20 years of experience in wealth management and previously headed up HSBC\u2019s Investments &amp; Wealth Solutions for MENAT.<\/p>\n\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\/adib\/\">ADIB<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/salama\/\">Salama<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/silal\/\">Silal<\/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=\"102033\" 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=\"102033\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/singapore-based-usd-54-bn-firm-seviora-opens-office-in-abu-dhabi-adgm-to-develop-tokenization-framework\/\">\r\n                            Singapore-based USD 54 bn firm Seviora opens office in Abu Dhabi + ADGM to develop tokenization framework                        <\/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\/25\/singapore-based-usd-54-bn-firm-seviora-opens-office-in-abu-dhabi-adgm-to-develop-tokenization-framework\/\" 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=\"#\" 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develop tokenization framework&url=https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/singapore-based-usd-54-bn-firm-seviora-opens-office-in-abu-dhabi-adgm-to-develop-tokenization-framework\/\">\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\/25\/singapore-based-usd-54-bn-firm-seviora-opens-office-in-abu-dhabi-adgm-to-develop-tokenization-framework\/&title=Singapore-based USD 54 bn firm Seviora opens office in Abu Dhabi + ADGM to develop tokenization framework\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102034\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/singapore-based-usd-54-bn-firm-seviora-opens-office-in-abu-dhabi-adgm-to-develop-tokenization-framework\/1135-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1135.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102033\" class=\"content-area-description single-story post-102033 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adgm tag-al-seer-marine tag-also-on-our-radar tag-blockchain tag-dubai-international-financial-center tag-dubai-land-department tag-enterpriseam-uae tag-finance tag-fintech tag-investment tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.bf86d49a-9cef-454a-b60c-8e48b2829f62.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Seviora<\/strong> <strong>opening office in Abu Dhabi: <\/strong><a target=\"_blank\" href=\"https:\/\/www.temasek.com.sg\/en\/index\" style=\"\" rel=\"noopener\">Temasek Holdings<\/a> \u2019s Singapore-based USD 54 bn asset management firm <a target=\"_blank\" href=\"https:\/\/www.sevioragroup.com\/\" style=\"\" rel=\"noopener\">Seviora<\/a> will open an office in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1908.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The office \u2014 based in ADGM \u2014 is Seviora\u2019s first in the Middle East and will complement its existing offices in Singapore, India, China, and Indonesia. The firm tapped Sadiq Hussain (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sadiq-hussain-b3334911\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) to lead the Abu Dhabi office. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Seviora inked a partnership agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5740a07b-0e6c-412b-81c3-71843bc01c1c\/%253cmark%253e%253c%2Fmark%253euae%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esingapore%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eboost%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvestment%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253edevelopment%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eeducation%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecooperation%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">last October<\/a> with Mubadala Capital to boost cooperation and explore new investments.<\/p>\n<p class=\"tag-border-left\">BLOCKCHAIN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADGM <\/strong><strong>signs MoU with Chainlink to <\/strong><strong>develop tokenization<\/strong><strong> framework: <\/strong>ADGM has inked an MoU with blockchain services provider <a target=\"_blank\" href=\"https:\/\/chain.link\/\" style=\"\" rel=\"noopener\">Chainlink<\/a> to establish compliant tokenization standards, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1917.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The collaboration will focus on secure asset tokenization, cross-chain liquidity solutions, and fostering regulatory dialogue on blockchain and AI for ADGM-regulated entities. Chainlink\u2019s infrastructure has facilitated over USD 19 tn in transactions. <\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>XTB <\/strong><strong>expands Middle East presence with new Dubai Office:<\/strong> Polish online broker <a target=\"_blank\" href=\"https:\/\/www.xtb.com\/int\" style=\"\" rel=\"noopener\">XTB<\/a> opened a new office in One Central, Dubai World Trade Center, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/xtb-expands-presence-in-the-uae-with-new-dubai-office-and-regulatory-milestones-imd75kv8\" style=\"\" rel=\"noopener\">press release<\/a>. XTB secured a 5th category SCA license back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ac00e2c-9386-4be5-a657-c1ca24e76abb\/al-ansari-%2B-abhi-to-introduce-early-salary-access,-snpl-services\" style=\"\" rel=\"noopener\">January<\/a>, allowing it to expand its range of services in the region, increase its staff, and launch a new office outside of the DIFC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The SCA license allows XTB to operate as a regulated brokerage for retail and institutional investors in the UAE. Its renewal of its Dubai Financial Services authority license also allows the firm to continue serving clients in the Dubai International Financial Center (DIFC).<\/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>Al <\/strong><strong>Seer Marine JV lands AED 1.3 bn UAE naval vessel contract: <\/strong><a target=\"_blank\" href=\"https:\/\/alseermarine.com\/\" style=\"\" rel=\"noopener\">Al Seer Marine<\/a> and <a target=\"_blank\" href=\"https:\/\/www.damen.com\/\" style=\"\" rel=\"noopener\">D<\/a><a target=\"_blank\" href=\"https:\/\/www.damen.com\/\" style=\"\" rel=\"noopener\">amen International<\/a> \u2019s joint venture has secured an AED 1.3 bn four-year contract from Tawazun Council to build offshore patrol vessels for the UAE, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1896.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The vessels will be equipped for multiple types of missions, including EEZ patrol, anti-smuggling, environmental protection, and disaster relief. The contract also includes an integrated logistics support package for predictive maintenance, training, and inventory management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Last November, Al Seer Marine and Damen International announced the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1c30bc0a-0954-4f69-b792-2bd86165d40c\/%253cmark%253e%253c%2Fmark%253emashreq%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253erolls%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eout%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edigital%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eplatform%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecorporates%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eqatar%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">expansion of their joint venture<\/a> beyond naval shipbuilding to include commercial vessels, aiming to manufacture over 26 ships in the UAE in 2025.<\/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>Drydocks World tapped for Ivory Coast project: <\/strong>DP World marine and ship repair services subsidiary Drydocks World has been awarded a contract for the refurbishment and life-extension of offshore energy firm Modec Management Services\u2019 Ivory Coast offshore vessel \u2014 dubbed FPSO Baobab Ivoirien, according to a <a target=\"_blank\" href=\"https:\/\/www.drydocks.gov.ae\/news-and-events\/drydocks-world-secures-fpso-baobab-ivoirien-refurbishment-and-life-extension-project\" style=\"\" rel=\"noopener\">statement<\/a>. The eight-month project \u2014 slated to commence in May \u2014 will feature extensive structural enhancements on the floating production storage and offloading vessel. The project aims to expand the vessels\u2019 lifespan by some 15 years, including a 1k tonnes of steel renewal, 250k sqm of tank coating, and 11.5k m of new piping.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A key player:<\/strong> The vessel has a processing capacity of 70k bpd of oil and 75 mn cfd of natural gas \u2014 standing out as a key player in West Africa\u2019s offshore energy production. It could also inject 100k bpd of water and store up to 2 mn barrels of crude oil. <\/p>\n<p class=\"tag-border-left\">MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LNG vessel lands at Noatum Maritime:<\/strong> AD Ports subsidiary Noatum Maritime received its first LNG-powered RoRo vessel \u2014 set to be deployed by its joint venture with Turkish shipping firm Erkport <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc0c4fd2-6eb2-405f-9062-5198fb4e8593\/mashreq-launches-mashreq-biz,-an-sme-focused-online-banking-platform\" style=\"\" rel=\"noopener\">Untied Global<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.noatummaritime.com\/news-media\/noatum-maritime-takes-delivery-of-first-lng-powered-vessel-for-united-global-ro-ro-joint-venture.html\" style=\"\" rel=\"noopener\">statement<\/a>. The newbuild pure car and truck carrier \u2014 named Ugr Al Samha \u2014 has a carrying capacity of over 7k CEUs.<\/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>#1- <\/strong><strong>Investopia <\/strong><strong>inks MoUs to expand global footprint: <\/strong>Investopia signed seven MoUs with local and global partners to scale its international presence, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bitrzhf-%D8%A5%D9%86%D9%81%D8%B3%D8%AA%D9%88%D8%A8%D9%8A%D8%A7-%D8%AA%D9%88%D9%82%D8%B9-%D9%85%D8%B0%D9%83%D8%B1%D8%A7%D8%AA-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%85%D8%A4%D8%B3%D8%B3%D8%A7%D8%AA-%D9%88%D8%B7%D9%86%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreements \u2014 signed with Gitex Global, Deutsche Bank, EFG Consulting, EuroAtlantic Consulting &amp; Investment, Kearney, Carta, and IMH \u2014 include launching new editions of Investopia Global Dialogues in Milan, Budapest, and Limassol, strengthening economic ties with Italy, Hungary, and Cyprus, and driving investment in key innovation sectors. The MoUs also focus on collaboration in advanced technologies, AI, and financial services. <\/p>\n<p class=\"tag-border-left\"> M&amp;A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amlak<\/strong> <strong>approves Dubai land sale: <\/strong><a target=\"_blank\" href=\"https:\/\/amlakproperties.com\/\" style=\"\" rel=\"noopener\">Amlak Finance<\/a> \u2019s general assembly approved the sale of some of its investment properties, including its holdings in Dubai\u2019s Ras Al Khor, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1932.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the DFM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The firm\u2019s board proposed selling the plots <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dd623251-6e29-44d4-90b4-fa5d4ad19275\/the-s&amp;p-500-hits-fresh-high\" style=\"\" rel=\"noopener\">last month<\/a>, pending shareholder approval. The asset sales are part of a broader debt restructuring plan following a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4166213-25a1-41d8-86ab-551c79cf556d\/us-stocks-see-historic-bull-crash-amid-recession,-trade-war-fears,-with-investors-shifting-towards-long-term-bonds-and-gold\" style=\"\" rel=\"noopener\">repayment agreement<\/a> reached earlier this month with financiers for AED 1.4 bn in dues, set for repayment by October 2026. As of last December, Amlak had reduced its liabilities by AED 800 mn and was also considering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6f57f2a8-30d8-4e51-a332-1534a5733661\/%253cmark%253eamlak%253c%2Fmark%253e-finance-concludes-debt-settlement-with-seven-financiers-%2B-abu-dhabi-commercial-bank-begins-selling-at1-bonds\" style=\"\" rel=\"noopener\">exiting the real estate financing sector<\/a> to strengthen its balance sheet.<\/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>Brics mu<\/strong><strong>ltilateral lender New Development Bank (NDB) has reportedly tapped banks for <\/strong><strong>its potential <\/strong><strong>regulation s-compliant<\/strong><strong>, USD-denominated bond issuance<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/new-development-bank-issues-mandates-for-3-year-dollar-bond-yjjfw9re\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The offering falls under NDB\u2019s USD 50 bn EUR medium term note program and consists of three-year senior unsecured notes set to be listed on the London Stock Exchange. There\u2019s still no publicly available information about the price of the bond or the coupon rate. The issuer boasts a solid AA+ rating from both S&amp;P and Fitch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NDB? <\/strong>NDB was established in 2015 by the Brics nations to finance infrastructure and sustainable development projects in emerging economies. The UAE joined NBD in 2021, while Egypt became a member two years later.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Emirates NBD Capital, the Bank of China, DBS Bank, ICBC, Natixis, Standard Bank, Standard Chartered and State Bank of India will act as joint lead managers on the transaction. <\/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>S&amp;P upgrades ADCB\u2019s credit rating to A+:<\/strong> S&amp;P Global Ratings has upgraded Abu Dhabi Commercial Bank (ADCB)\u2019s long-term issuer credit rating to A+, from A previously with a stable outlook, placing the bank among the top three highest rated banks by the agency in the MENA region, ADCB said in a <a target=\"_blank\" href=\"https:\/\/www.adcb.com\/en\/about-us\/media-centre\/news\/2025\/march\/sp-rating\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWe believe the Bank\u2019s asset quality will continue to benefit from the strengthening of its risk management culture and control framework over the past four years. We view these improvements, along with a more contained risk appetite, as enduring and therefore positioning the Bank to better navigate economic cycles,\u201d S&amp;P Global Ratings was quoted as saying in its <a target=\"_blank\" href=\"https:\/\/disclosure.spglobal.com\/ratings\/en\/regulatory\/article\/-\/view\/type\/HTML\/id\/3337655\" style=\"\" rel=\"noopener\">research update<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-seer-marine\/\">Al Seer Marine<\/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\/blockchain\/\">Blockchain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-land-department\/\">Dubai Land Department<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/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\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102035\" 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=\"102035\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/rich-nations-now-spend-more-on-debt-than-defense-oecd\/\">\r\n                            Rich nations now spend more on debt than defense -OECD                        <\/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\/25\/rich-nations-now-spend-more-on-debt-than-defense-oecd\/\" 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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Interest payments across the 38 OECD member countries hit 3.3% of GDP in 2024 \u2014 up from 3.0% in 2023 and reaching the highest level since at least 2007\u2014surpassing the 2.4% spent on military budgets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Governments are continuing to borrow to plug the gap:<\/strong> Governments and companies borrowed USD 25 tn globally from markets in 2024, nearly triple the amount in 2007, the report added. This is set to continue to rise this year, with governments alone forecasted to issue USD 17 tn in sovereign debt, up from USD 16 tn last year. Nearly half of all OECD sovereign debt will mature by 2027, a refinancing cliff that risks squeezing fiscal space as yields climb and investment needs surge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US saw a sharp rise in interest payments<\/strong>, rising to 4.7% of GDP, followed by Italy at 4.1% and the UK at 2.9% and France at 2.1%. Germany recorded the lowest burden, at just 1%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fix: <\/strong>With much of the past two decades\u2019 borrowing used to recover from the 2008 financial crisis and the covid-19 pandemic, \u201cnow there are needs to shift from recovery to investment\u201d on projects like infrastructure and climate, OECD Director for Financial and Enterprise Affairs Carmine Di Noia told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d69aa3cb-a474-40b7-87ea-5a652202ff6b\" style=\"\" rel=\"noopener\">Financial Times<\/a>. \u201cBorrowing must increase growth\u201d to help stabilize debt-to-GDP ratios.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adding pressure, central banks are stepping back from debt markets<\/strong>. Their holdings have fallen by USD 3 tn since their 2021 peak, with another USD 1 tn drop expected this year. The shift toward \u201cmore price sensitive\u201d private investors leaves governments more exposed to \u201cheightened geopolitical and macroeconomic uncertainty,\u201d Di Noia said.<\/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 \u2014 like Wall Street \u2014 cheering signs that US President Donald Trump\u2019s planned tariffs might not be as severe as initially expected. <\/strong>Japan\u2019s benchmark Nikkei is up 0.8%, while South Korea\u2019s Kospi is up nearly 0.2%. China was the only outlier \u2014 with the CSI 300 trading flat and Hong Kong\u2019s Hang Seng falling 1.06%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street futures edged down only slightly<\/strong>, after all three major indices closed up yesterday. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\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>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\">9,370<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: -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\">5,116<\/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: -0.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,206<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% 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\">11,778<\/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: -2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,811<\/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: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,754<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5% (YTD: -2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,638<\/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: +5.7%)<\/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>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\">5,416<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +10.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 72.9<\/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%<\/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 3.9<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,013.4<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 87,436<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.4% (YTD: -6.6%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.9% yesterday<\/strong> on turnover of AED 519 mn. The index is down 0.9% 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>Dubai National Ins. &amp; Reins. (+14.9%), Gulf Navigation Holding (+9.3%) and National Cement (+3.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Al Salam Bank (-6.4%), Commercial Bank of Dubai (-3.4%) and Emirates Reem Investments (-3.2%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX remained flat yesterday<\/strong> on turnover of AED 963 mn. <strong>Nasdaq Dubai<\/strong> was up 0.2%, and up 1.0% 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>Adnoc <\/strong><strong>Gas\u2019 shareholders have approved a dividend payout of USD 3.4 bn for <\/strong><strong>2024<\/strong>, marking the largest payout of an ADX issuer for the year with a 19% total return, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1901.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The company will distribute USD 1.71 bn in dividends for 2H 2024 in 2Q 2025. It also anticipates inclusion in the MSCI and FTSE emerging market indices in 2025, following the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/98cba81a-d052-4a89-a4ee-e21db322a5b8\/adnoc-completes-sale-of-4%2525-stake-in%253cmark%253e-adnoc-gas%253c%2Fmark%253e-to-investors\" style=\"\" rel=\"noopener\">USD 2.8 bn<\/a> sale of a 4% stake in the company, which resulted in an 80% increase in freefloat shares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RAK Ce<\/strong><strong>ramics will distribute AED 99.4 mn in dividends for 2H 2024<\/strong> after its general assembly cleared the move, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1936.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX. The same figure was distributed for 1H 2024, bringing the total dividend distribution for 2024 to AED 198.7 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agility<\/strong><strong> Global\u2019s general assembly approved the purchase of up to 1 bn of c<\/strong><strong>ompany shares to partially fund standard operating procedures<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1937.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX. The purchase price was set between AED 0.5 and AED 5 per share.<\/p>\n\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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oecd\/\">OECD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102037\" 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=\"102037\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/president-phones-putin-to-discuss-opec-cooperation-and-bilateral-ties-uae-joins-regional-call-to-revive-gaza-ceasefire\/\">\r\n                            President phones Putin to discuss Opec+ cooperation and bilateral ties + UAE joins regional call to revive Gaza ceasefire                        <\/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\/25\/president-phones-putin-to-discuss-opec-cooperation-and-bilateral-ties-uae-joins-regional-call-to-revive-gaza-ceasefire\/\" 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\" 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/president-phones-putin-to-discuss-opec-cooperation-and-bilateral-ties-uae-joins-regional-call-to-revive-gaza-ceasefire\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1980.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102038\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/president-phones-putin-to-discuss-opec-cooperation-and-bilateral-ties-uae-joins-regional-call-to-revive-gaza-ceasefire\/1980-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1980.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1980.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1980.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1980.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102037\" class=\"content-area-description single-story post-102037 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-foreign-affairs-ministry tag-palestine tag-war-in-gaza 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\/.bc7e594b-af62-48dc-af12-3568f17d4103.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Mo<\/strong><strong>hamed Al Nahyan calls President Putin:<\/strong> President Sheikh Mohamed bin Zayed Al Nahyan and Russian President Vladimir Putin discussed strengthening bilateral cooperation during a phone call, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bits7ie-uae-president-receives-phone-call-from-russian\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The call saw President Putin thank the UAE for its role in a recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8e4a498f-b59f-4ddc-91a1-b12ba854db4a\/uae-mediates-another%253cmark%253e-exchange%253c%2Fmark%253e-of-war-captives-between-russia-and-ukraine-%2B-kickstarts-talks-for-an-economic-partnership-with-tunisia\" style=\"\" rel=\"noopener\">prisoner exchange<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russia-UAE strategic relations and Opec+ cooperation were also topics of discussion<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/putin-speaks-uae-president-ukraine-opec-2025-03-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement from the Kremlin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE <\/strong><strong>joins Arab states in call for second phase of Gaza ceasefire:<\/strong> During talks in Cairo with EU foreign policy chief Kaja Kallas on Sunday, the UAE joined Arab states in urging a transition to the second phase of the Gaza ceasefire, while condemning Israel\u2019s renewed attacks, rejecting the forced displacement of Palestinians, and reiterating its support for a two-state solution, according to a Foreign Affairs Ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/ar-ae\/mediahub\/news\/2025\/3\/24\/24-3-2025-uae-uae\" style=\"\" rel=\"noopener\">statement<\/a>. Israel escalated its military operations in Gaza earlier this month, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9f8d915-cb03-4470-96f6-980a9d389ed1\/this-morning:-fed-kicks-off-interest-rate-meeting-%2B-borouge-proposes-2.5%2525-share-buyback\" style=\"\" rel=\"noopener\">breaking January\u2019s ceasefire agreement<\/a> with a series of airstrikes that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ebbf013c-b5f6-4e1c-909b-bef1c8472c8a\/this-morning:-interest-rate-decision-coming-today-%2B-zapp-to-come-to-the-uae%3F\" style=\"\" rel=\"noopener\">killed over 400 Palestinians<\/a> in the deadliest day in two months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>UAE, Italy <\/strong><strong>discuss closer ties:<\/strong> Foreign Minister Abdullah bin Zayed Al Nahyan and his Italian counterpart Antonio Tajani discussed boosting bilateral relations and focusing on developmental priorities during a phone call, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bits7lc-abdullah-bin-zayed-italian-discuss-joint\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n\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\/foreign-affairs-ministry\/\">Foreign Affairs Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/war-in-gaza\/\">War in Gaza<\/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=\"102039\" 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\/25\/102039-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102039\" class=\"content-area-description single-story post-102039 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>7-8 April<\/span><span> (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bookseller.ae\/en\/home\" style=\"\">The International Booksellers Conference<\/a><\/span><span style=\"font-weight:400;\">, Expo Center Sharjah.<\/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 (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\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: Adia acquires stake in European Camping<\/p>\n","protected":false},"featured_media":102012,"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-102011","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"58707ebb-46aa-4edd-b5a8-7f11c47368b4","teaser":"Plus: Adia acquires stake in European Camping","photo_url":"https:\/\/ent.news\/2024\/2\/767.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>Warner Bros takes stake in OSN 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