{"id":102462,"date":"2025-04-10T00:00:00","date_gmt":"2025-04-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=102462"},"modified":"2025-12-15T03:24:28","modified_gmt":"2025-12-15T03:24:28","slug":"more-good-news-for-the-gcc-amid-global-market-turmoil","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/more-good-news-for-the-gcc-amid-global-market-turmoil\/","title":{"rendered":"More good news for the GCC amid global market turmoil"},"content":{"rendered":"<section id=\"102464\" 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=\"102464\">\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\/04\/10\/this-morning-dubai-is-now-among-the-20-wealthiest-cities-in-the-world\/\">\r\n                            THIS MORNING: Dubai is now among the 20 wealthiest cities in the world                        <\/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\/04\/10\/this-morning-dubai-is-now-among-the-20-wealthiest-cities-in-the-world\/\" 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 big story of the day is still how US President Donald Trump\u2019s tariffs will impact us here at home \u2014 plus a handful of M&amp;A updates and an earnings report from Masdar\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- We here at EnterpriseAM World Headquarters have put our heads together and humbly offer a handful of thoughts<\/strong> in the hope that they might help you clear your heads as we near the end of the week. The rundown:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That feeling you\u2019ve got? The one perhaps best described as \u201cwhiplash\u201d? It\u2019s the new <\/strong><strong>normal <\/strong>\u2014 maybe for the next few months, perhaps for the coming 3.7 years of the Trump administration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Things are so volatile that even watching the VIX will give you motion sickness. <\/strong>The VIX, or the so-called \u201cfear index\u201d that tracks expected 30-day volatility in the S&amp;P 500, broke north of 52 earlier this week. It stayed there through much of yesterday before plunging to the 33 level by the close of trading in New York as traders welcomed Trump\u2019s social media post <strong>that most countries (with the exception of China) would face only a new 10% baseline tariff for the next 90 days<\/strong>. Most other \u201creciprocal tariffs\u201d on most countries are now on pause.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>The last time the VIX was this high was during covid, when it hit 65. It was at 70 in October 2018 (at the height of the global financial crisis) and 42 during the dotcom meltdown. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, if volatility is the new normal, how should we feel about business, markets, and the economy<\/strong> in the days and weeks ahead? Here are some thoughts from Dubai, where we\u2019ve spent the week speaking with business leaders from Egypt, the UAE, and Saudi Arabia as well as global fund and portfolio managers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Get comfortable with being uncomfortable. <\/strong>Volatility could be on the menu for years to come (for at least the duration of the Trump administration). Periods of calm punctuated by a punch to the head could be the new normal. Then again, ours is an adaptable specie: As our friend Mostafa Gad, the global head of IB at EFG Hermes, put it earlier this week, \u201cMarkets adapt faster today than they did in the 1980s or 1990s \u2014 they have a way of equilibrating and accepting change or adapting to crisis really quickly. What would have once taken 18 months to pass through now takes weeks.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>None of us in this part of the world like volatility. <\/strong>In the GCC, we\u2019re accustomed to pegged exchange rates and (for the most part) slow-but-steady policy formulation. In Egypt, we think of every 1 piaster change in the USD exchange rate as a harbinger of disaster. We need to adapt: Volatility in the USD:EGP exchange rate is a sign the CBE\u2019s FX policy is operating as intended. And a more nimble approach to policymaking in the Gulf will be the order of the day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- From tech to airlines and beyond, there\u2019s a healthy pipeline of IPOs ready for <\/strong><strong>execution in Saudi and the UAE. <\/strong>Expect most to take a \u201cwait and see\u201d attitude for the coming week or 10 days. If the 90-day pause in tariffs helps stabilize global equities markets, many bankers will want to pull the trigger on transactions before the 1H offering window closes. The (so-far) worst-case scenario: It takes a few months more for markets to accept the new normal. In that case, we\u2019re looking at a really busy fall for new offerings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Share-based M&amp;A is very much on the table and it might be a good time for private <\/strong><strong>equity players to close transactions. <\/strong>Some PE players think valuations have been stubbornly high for a while, and the combination of lower comparables after the recent market slump and higher volatility could push serious buyers and sellers to transact *now*. The risk: Some sellers will walk away from prices they think are just too low. Expect share-based M&amp;A to close with fewer hiccups than anything involving the commitment of cash. <strong>The wisdom of Warren Buffett\u2019s move to cash earlier this year is now clear to all. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The UAE looks better than ever. <\/strong>Businesses in the UAE have quietly trimmed staff and other expenses in recent weeks to optimize their cost base in a year in which they expect volatility. But the economy\u2019s fundamentals are strong and have been bolstered by regulatory reforms brought in post-covid. That real estate correction we\u2019ve been expecting for two years now? Yeah, there\u2019s lot of new inventory coming onto the market this fall, but we feel a little like we\u2019ve been waiting for Godot on that front\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Everyone will be watching the price of oil<\/strong> \u2014 the Saudis and Emiratis from a state revenues perspective, the Egyptians from the expenses side of the ledger. The emerging consensus is that even if Trump cools it on tariffs, we\u2019re looking at a slowdown in trade and a bit less demand for oil than forecast at the start of 2025. Oil in the 40s? Probably not. But something in the 50s? Possible \u2014 and with it, questions about financing the deficit and the pace of gigaprojects in KSA in particular. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- Diversification of trade ties is going to be key for Mideast governments. <\/strong>From Egypt to the UAE and Saudi, all of us would have faced a 10% rate at the same time as others faced much sharper US tariffs, signalling we\u2019re in good stead with The Donald. Regardless of what happens with tariffs 90 days from now, deeper integration with a wider variety of trading partners will be the order of the day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE WILDCARD- The Donald is inbound to the Gulf in about a month\u2019s time. <\/strong>US Energy Secretary Christopher Wright is on a nearly two-week visit to our corner of the world, laying the groundwork for Trump to land in the UAE, Saudi, and Qatar some time in mid-May. (Dates for the visit, which hasn\u2019t been confirmed, are still uncertain.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0fWEATHER- It\u2019s another warm and sunny spring day in Dubai<\/strong>, with temperatures peaking at 35\u00b0C before cooling to 25\u00b0C overnight, while in Abu Dhabi, the mercury peaks at 28\u00b0C, with an overnight low of 22\u00b0C. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- It\u2019s the fo<\/strong><strong>urth and final day of the EFG Hermes One on One here in Dubai. <\/strong>The One on One is the largest investor conference focused on emerging markets \u2014 and it\u2019s difficult to imagine a more opportune time for companies and equity investors to chew the fat than now: Global markets are roiling in the wake of US President Donald Trump\u2019s bid to reshape the post-Second World War economic order. Fund managers representing more than 250 global institutions are gathering for the event to meet with top execs from 220 companies spanning 12 countries. <strong>Among the top UAE firms <\/strong><strong>attending:<\/strong><\/p>\n<ul>\n<li>ADNOC Group (and its listed units)<\/li>\n<li>Aldar Properties<\/li>\n<li>Alef Education<\/li>\n<li>Alpha Dhabi<\/li>\n<li>Amanat<\/li>\n<li>e&amp;<\/li>\n<li>Emaar Properties<\/li>\n<li>FAB<\/li>\n<li>Fertiglobe<\/li>\n<li>Lulu<\/li>\n<li>Lunate<\/li>\n<li>Parkin<\/li>\n<li>Pure Health<\/li>\n<li>RAK Bank<\/li>\n<li>Taaleem <\/li>\n<li>Talabat<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2-<\/strong> <strong>US Energy Secretary Chris Wright plans to discuss strengthening <\/strong><strong>cooperation across various sectors with UAE leaders<\/strong> during his <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/40ab586b-8d8c-43c7-af7c-39cd78fdb95f\/this-morning:-us-energy-secretary-begins-his-uae-visit-%2B-emirati-investors-are-in-discussions-to-establish-a-nigerian-gold-refinery\" style=\"\" rel=\"noopener\">visit<\/a> to the UAE, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj3b545-uae-host-secretary-energy-first-overseas-mission\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Wright will meet leaders from the energy, AI, and investment sectors, including representatives from ADNOC, Masdar, Mubadala, MGX, XRG, and Presight. Wright will also co-host a Future Energy Leaders Majlis, bringing together Emirati and American youth leaders to foster collaboration in energy innovation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gsw2025.ae\/\" style=\"\" rel=\"noopener\">Geo-Spatial Week<\/a><\/strong><strong> is going on in Dubai at the Mohammed bin Rashid Space Center<\/strong>, kicking off earlier this week and running until tomorrow. The week-long event will welcome experts in photogrammetry, remote sensing, and spatial sciences.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aws.amazon.com\/startups\/lp\/aws-gen-ai-loft-dubai\" style=\"\" rel=\"noopener\">AWS GenAI Loft Dubai<\/a><\/strong><strong> 2025 is on its penultimate day <\/strong>at Dubai International Financial Centre\u2019s (DIFC) Innovation One building. The five-day event will see industry startups, business leaders, investors, developers, and AI enthusiasts attend workshops and lectures on generative AI technologies and their practical applications across industries.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Gross <\/strong><strong>bank assets in the UAE rose 0.1% m-o-m to reach AED 4.6 tn <\/strong><strong>i<\/strong><strong>n January <\/strong><strong>2025<\/strong>, according to the Central Bank of the UAE\u2019s (CBUAE) latest monetary and banking developments <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/431.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gross credit increased 0.2% compared to December<\/strong>, coming in at AED 2.2 tn, driven by an AED 1.7 bn rise in foreign credit, which offset a slight AED 0.3 bn decline in domestic credit. Within domestic credit, lending to public sector government-related entities fell 1.1%, and non-banking financial institutions saw a 3.2% drop, while credit to both the government and private sector rose 0.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total bank deposits declined 0.2% m-o-m to AED 2.8 tn<\/strong>, as non-resident deposits dropped 2.6%, while resident deposits remained flat at AED 2.6 tn. Within resident deposits, private sector deposits grew 1.2%, and government sector deposits rose 0.8%, but this was outweighed by a 6% decline in government-related entities, and a sharp 14.5% drop in non-banking financial institutions deposits.<\/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>#2-<\/strong><strong>Dubai<\/strong> <strong>is now among the top 20 wealthiest cities globally<\/strong> <strong>after the total number o<\/strong><strong>f <\/strong><strong>m\u2019naires in the emirate reached <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.henleyglobal.com\/publications\/wealthiest-cities-2025\/worlds-fastest-growing-wealth-hubs\" style=\"\" rel=\"noopener\">81.2k<\/a><\/strong><strong> at the end of 2024<\/strong>, Henley and Partners said in a <a target=\"_blank\" href=\"https:\/\/www.henleyglobal.com\/newsroom\/press-releases\/wealthiest-cities-report-2025\" style=\"\" rel=\"noopener\">press release<\/a>, citing their <a target=\"_blank\" href=\"https:\/\/www.henleyglobal.com\/publications\/wealthiest-cities-2025\" style=\"\" rel=\"noopener\">World\u2019s Wealthiest Cities Report 2025<\/a>. Dubai is currently also home to 237 centi-m\u2019naires and 20 b\u2019naires, while Abu Dhabi counted <a target=\"_blank\" href=\"https:\/\/www.henleyglobal.com\/publications\/wealthiest-cities-2025\/worlds-fastest-growing-wealth-hubs\" style=\"\" rel=\"noopener\">17.8k<\/a> m\u2019naires, 75 centi-m\u2019naires, and 8 b\u2019naires among its residences at the end of last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the growth: <\/strong>Dubai\u2019s m\u2019naire population has increased by 102% in the past decade and Abu Dhabi saw an 80% uptick, which has been attributed to the Emirates offering robust financial infrastructure, investment migration programs, alongside \u201clifestyle dividends.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Both emirates have been flagged as cities with <a target=\"_blank\" href=\"https:\/\/www.henleyglobal.com\/publications\/wealthiest-cities-2025\/centi-millionaire-hotspots\" style=\"\" rel=\"noopener\">high growth potential<\/a> \u2014 with Dubai in particular identified as a fast growing wealth hub \u2014 and are set to see their centi-m\u2019naire populations double in the next decade.<\/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=\"wwtt5\"><\/a><strong> #3- <\/strong><strong>Dubai<\/strong><strong>and Abu Dhabi have entered the top five on the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/imd.widen.net\/s\/psdrsvpbk7\/imd_smart_city_2025_report\" style=\"\" rel=\"noopener\">Smart City Index<\/a><\/strong><strong> for the<\/strong><strong> first <\/strong><strong>time<\/strong>, with Dubai rising to fourth place, up from 12th place last year, and Abu Dhabi following in fifth, after it ranked in 10th place in 2024, according to the <a target=\"_blank\" href=\"https:\/\/www.imd.org\/\" style=\"\" rel=\"noopener\">International Institute for Management Development<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How the rankings work: <\/strong>The index assessed 141 cities on how urban technology and infrastructure affects key quality of life indicators like health and safety, mobility, prospects, activities, and governance. For both cities, residents said affordable housing and work prospects were priority areas.<\/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- Some <\/strong><strong>47 companies<\/strong><strong> from 17 countries have expressed interest in developing the <\/strong><strong>seventh <\/strong><strong>phase of the Mohammed bin Rashid Al Maktoum Solar Park <\/strong>under an Independent Power Producer (IPP) model, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/april\/09-04\/great-success-for-dewa-as-47-global-companies-express-interest-in-developing\" style=\"\" rel=\"noopener\">statement<\/a>. Dewa <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f5ea1cbc-bbf2-4065-8d5b-edda121d02bd\" style=\"\" rel=\"noopener\">invited<\/a> expressions of interest for the project in February, which is set to bring the total solar park capacity to 7.26 GW.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f52cab56-ff82-44d2-ad2b-d42728fa57bb\/dubai-taps-advisors-for-mohammed-bin-rashid-al-maktoum-solar-park%25e2%2580%2599s-seventh%253cmark%253e-phase%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">seventh phase<\/a> will include 1.6 GW of solar capacity with 1 GW battery energy storage system and will be commissioned between 2027 and 2029. The project positions Dewa to exceed its 5 GW target for the solar park ahead of schedule, with the target initially being 2030.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- The Endowments and Minors\u2019 Funds Management Authority (Awqaf Abu Dhabi) is <\/strong><strong>exploring investments in data centers<\/strong>, its Director General Fahad Al Qassim told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2025\/04\/09\/awqaf-abu-dhabi-considers-data-centre-investment-amid-push-into-defensive-sectors\/\" style=\"\" rel=\"noopener\">The National<\/a>. This investment plan serves as a part of a broader strategy to pour capital into defensive sectors to protect the authority\u2019s assets from global economic volatility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Defensive sectors?<\/strong> Defensive sectors are industries known for generating consistent dividends and earnings regardless of economic conditions. These typically include utilities, consumer staples (like food and personal care), and healthcare.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Awqaf Abu Dhabi is pursuing a diversified asset allocation strategy<\/strong>, with a portion of capital earmarked for emerging technologies\u2014particularly artificial intelligence (AI). The growing importance of data centers in supporting AI and blockchain technologies has prompted the authority to view them as utility-like assets with the potential to deliver stable, long-term returns, Al Qassim noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In addition to technology, Awqaf Abu Dhabi is also eyeing investments in healthcare, banking, finance, services, education, and food security<\/strong>\u2014sectors deemed essential and future-resilient.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The authority recently launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/816d2fe1-069d-4a15-87a7-5265960f7719\/adnh-catering-ups-stake-in-saudi-jv-%2B-direct-debit-system-acquires-the-uk-software-company-elseware\" style=\"\" rel=\"noopener\">Awqaf Capital<\/a>, an investment initiative focused on deploying capital across diverse asset classes, with a special emphasis on future-ready sectors. The goal: strong financial returns coupled with social impact\u2014including educational scholarships, healthcare services, and social welfare programs.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Crescent Petroleum completed the first phase of its 3D seismic survey<\/strong><strong> at the <\/strong><strong>Khashim al Ahmer gas field in Iraq\u2019s Diyala Governorate<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/crescent-petroleum-completes-first-phase-of-seismic-exploration-campaign-of-the-khashim-al-ahmer-field-in-diyala-v7xlzb5e\" style=\"\" rel=\"noopener\">press release<\/a>. The survey provided key insights for the placement of appraisal wells, with drilling expected later this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project\u2019s first phase involves investments of USD 200-250 mn for facility construction<\/strong>, followed by further phases with over USD 1 bn in investments for additional drilling and infrastructure development. The project aims to reduce fuel costs and enhance electricity provision in Iraq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Iraqi Oil Ministry ministry activated three 20-year agreements with the oil and gas company in February 2023, granting the UAE-based firm rights to develop oil and natural gas fields in Iraq's Basra and Diyala provinces, located in northeastern Baghdad. It also awarded Crescent Petroleum the rights to two oil fields in Iraq\u2019s fifth oil and gas licensing round in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f5557631-bafa-4aa0-9caa-2289cb4f25e1\/%253cmark%253ecrescent-petroleum%253c%2Fmark%253e-awarded-exploration-rights-in-two-iraq-oil-fields\" style=\"\" rel=\"noopener\">November 2023<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other Iraqi projects in the pipeline:<\/strong> UAE-based Dana Gas and Crescent Petroleum are working on expanding Iraq\u2019s Khor Mor gas field with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f59dfd8c-3f2c-4270-bbe0-7ea837bb2e82\/this-morning:-the-uae-leads-the-world-in-entrepreneurship-%2B-rsf-linked-companies-aren%25e2%2580%2599t-licensed-to-operate-in-the-emirates\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> in investments. The project, which will boost capacity at the gas field by 50%, could be completed as early as 1Q 2026.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The UAE\u2019s Federal Tax Authority launched the Moather Package to <\/strong><strong>help content <\/strong><strong>creators and influencers meet tax requirements<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/uae-federal-tax-authority-launches-package-for-content-creators-and-influencers\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. It includes accounting tools to simplify corporate tax and VAT compliance.<span style=\"background-color: transparent; font-weight: 600;\">&nbsp;<\/span><\/p>\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p class=\"tag-border-left\"><b>#1-&nbsp;<\/b><span style=\"background-color: transparent; font-weight: 600;\">Abu Dhabi&nbsp;<\/span><span style=\"background-color: transparent; font-weight: 600;\">Mobility is reducing the speed limits on two major roads<\/span><span style=\"background-color: transparent;\">&nbsp;<\/span><span style=\"background-color: transparent;\">starting Monday, 14 April to improve road safety, it said in a<\/span><span style=\"background-color: transparent;\">&nbsp;<\/span><a target=\"_blank\" href=\"https:\/\/x.com\/ad_mobility\/status\/1909909795441881507\" style=\"background-color: rgb(255, 255, 255);\" rel=\"noopener\">post on X<\/a><span style=\"background-color: transparent;\">. Sheikh&nbsp;<\/span><span style=\"background-color: transparent;\">Khalifa bin Zayed International Road (E11) will see its speed limit capped at 140 km\/h instead of 160 km\/h, and top speeds on the Abu Dhabi-Sweihan Road (E20) will be lowered from 120 km\/h to 100 km\/h.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Etihad Airways is set to launch five-weekly direct flights from Zayed <\/strong><strong>International Airport (AUH) to Bacha Khan International Airport (PEW) in Pakistan<\/strong>, starting 29 September, according to a <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/news\/etihad-airways-unveils-new-route-to-peshawar-pakistan\" style=\"\" rel=\"noopener\">statement<\/a>. The route will shift to daily departure effective from 22 November. The airline also plans to bump up the number of its flights to Karachi to 17 weekly services effective 1 October.<\/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>Global investors are getting whiplash after US President Donald Trump\u2019s decision<\/strong><strong> to freeze reciprocal tariffs on most countries for 90 days triggered a historic market rally<\/strong>, helping Wall Street stocks recover tns of USDs in losses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump paused tariffs on most countries and hiked China\u2019s tariff to 125%<\/strong>, up from 104%, after the country had pushed ahead with a retaliatory tariff of 84% on US goods. The blanket 10% tariff on most countries, which came in effect over the weekend, still applies, as do steel and aluminum and automaker levies. The reprieve came in response to over 75 countries reaching out for negotiations with the US, according to Trump. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Nasdaq notched its best day in 24 years, while the S&amp;P 500 soared nearly 10%. <\/strong>Trump had taken to Truth earlier in the day to say it\u2019s \u201cA GREAT TIME TO BUY!!!,\u201d in reference to the stock market. US Treasuries also gained more than 4% as traders pared expectations for US Federal Reserve rate cuts this year, after a pullback had sent longer-term yields soaring. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil prices also gained 4%<\/strong>, climbing from a four-year low earlier, with Brent futures up to USD 65.48 a barrel, and West Texas Intermediate futures up nearly 5% at USD 62.35. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-slides-nearly-4-us-kicks-off-104-tariffs-china-2025-04-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The about-turn and the market rally are getting coverage everywhere:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-09\/markets-turn-from-fear-to-euphoria-as-trump-backpedals-on-tariffs?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trumps-latest-tariffs-loom-set-deepen-global-trade-war-2025-04-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82e5a5c0-3e7b-419d-92f9-7b84475af2c9\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-trump-tariffs-trade-war-04-09-25?mod=WSJ_home_supertoppertop_pos_1\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/09\/trump-announces-90-day-tariff-pause-for-at-least-some-countries.html\" style=\"\" rel=\"noopener\">CNBC<\/a> <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.woodshowglobal.com\/dubai\" style=\"\" rel=\"noopener\">Dubai Woodshow<\/a><\/strong><strong>will be running from Monday, 14 April through to Wednesd<\/strong><strong>ay, 16 <\/strong><strong>April <\/strong>at the Dubai World Trade Center. The three-day event will welcome more than 680 international exhibitors from 132 countries, showcasing the latest trends and technologies in the global wood and woodworking machinery sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ipscongress.com\/\" style=\"\" rel=\"noopener\">IPS Congress<\/a><\/strong><strong> will be held from Monday, 14 April until Wednesday, 16 April <\/strong>at the Dubai World Trade Center. The event brings together stakeholders from the global real estate and investment scene to showcase projects, engage in discussions, and network. This year\u2019s edition will also cover the future of urban planning, design, and technology through IPS Future Cities, IPS Design, IPS Services, and IPS PropTech Startups. <\/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:\/\/sezdubai.com\/?trk=public_post_comment-text#why-should-i-attend\" style=\"\" rel=\"noopener\">Solana Economic Zone<\/a><\/strong><strong> will take place between Monday, 14 April and Saturday, 26 April in <\/strong><strong>Dubai<\/strong>. The two-week event will focus on blockchain innovation, providing a platform for founders, builders, and investors looking to set up crypto and blockchain businesses in Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adghw.com\/\" style=\"\" rel=\"noopener\">Abu Dhabi Global Health Week<\/a><\/strong><strong> is running from Tuesday, 15 April until Thursday, 17 <\/strong><strong>April<\/strong> at the Adnec Center in Abu Dhabi. The event will gather global and regional stakeholders to promote collaboration and investment in healthcare solutions. Key topics include health longevity, health system resilience, healthtech and AI, and life sciences.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alhudacibe.com\/giftf2025\/index.php\" style=\"\" rel=\"noopener\">Global Islamic FinTech Forum<\/a><\/strong><strong> is happening on Tuesday, 15 April <\/strong>at the Dusit Thani Hotel in Dubai. Experts, investors, and regulators will discuss developments in shariah-compliant financial technology, digital payments, peer-to-peer lending, takaful, and blockchain-based financial services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fastbull.com\/fastbull-finance-summit-dubai-2025?platform=2\" style=\"\" rel=\"noopener\">FastBull Finance Summit<\/a><\/strong><strong> will take place on Wednesday, 16 April and Thurs<\/strong><strong>day, 17 <\/strong><strong>April <\/strong>at the Coca Cola Arena in Dubai. The event will cover global finance, the foreign exchange market, and blockchain financial technology, with economist Jim Rogers delivering a keynote speech.<\/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:\/\/discover.commvault.com\/events-shift-roadshow-dubai-registration.html?_gl=1*7115ws*_gcl_au*MTg3MjQ4NDc0NC4xNzQxMTc3NTU4*_ga*ODk4Mjk1NTQxLjE2NTM0NjYzMDI.*_ga_M2TFPKFW4N*MTc0MjQ2MDA2NC4yOTYuMS4xNzQyNDYwMDczLjAuMC4w\" style=\"\" rel=\"noopener\">Commvault\u2019s Shift Roadshow<\/a><\/strong><strong> event will take place on Thursday, 17 April<\/strong> at Dubai\u2019s Museum of The Future, gathering cyber-resilience leaders, IT experts, and C-suite executives to discuss how businesses can safeguard against the growing threat of AI-driven cyber attacks. Attendees can expect keynote sessions, expert panels and insights from industry giants like Microsoft, AWS, and IDC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ibpcdubai.com\/\" style=\"\" rel=\"noopener\">Indian<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ibpcdubai.com\/\" style=\"\" rel=\"noopener\">Business and Professional Council<\/a><\/strong><strong>\u2019s (IBPC) Annual Conference will be hel<\/strong><strong>d<\/strong><strong> on Friday, 25 April <\/strong>in Dubai, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/37673\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. The event will focus on strengthening UAE-India relations and exploring potential investments for businesses in the UAE. It will also cover topics including the digital economy, cross-border transactions using local currencies to boost trade efficiency, and attracting investment in tourism and sustainable development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crescent-petroleum\/\">Crescent Petroleum<\/a>\n                <!-- <span 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<\/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\/04\/10\/more-economists-downplay-the-impacts-of-the-tariffs-on-the-gcc-and-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/501.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102468\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/more-economists-downplay-the-impacts-of-the-tariffs-on-the-gcc-and-the-uae\/501-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/501.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"501.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/501.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/501.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102467\" class=\"content-area-description single-story post-102467 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-gcc tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.a5e870ed-ded3-494b-9b92-a160aca81ee1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE\u2019s expanding trade relations + strong diplomatic relations with the <\/strong><strong>US put it in a good spot amid tariff turmoil<\/strong><strong>:<\/strong> US President Donald Trump\u2019s recently announced tariff plan is set to have a less significant impact on GCC economies than it will on other economies in the MENAT region, with all six economies of the GCC set to face a tariff of 10% \u2014 however, the effects are expected to be more pronounced in select sectors across GCC economies, Emirates NBD Research said in a research note on its <a target=\"_blank\" href=\"https:\/\/www.emiratesnbdresearch.com\/en\/articles\/impact-of-tariffs-on-menat\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>ariffs on UAE aluminium exports unlikely to have a significant impact: <\/strong>Aluminium, which accounts for 19% of the UAE\u2019s total exports to the US, will be subject to the 25% tariff rate, Emirates NBD writes. However, exports of the mineral to the US represented 14% of the UAE\u2019s aluminum exports, and just 0.4% of total UAE exports as of 2023. Fitch Solutions\u2019 research unit BMI <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5375539d-1070-44ba-a695-6e492d202022\/us-tariffs-will-have-a-limited-impact-on-mena-economies,-though-headwinds-may-follow,-economists-say\" style=\"\" rel=\"noopener\">agrees<\/a> that the impact of higher aluminum tariffs on MENA economies will be limited, expecting global demand to remain strong, offsetting weaker US demand, facilitating export redirection to other markets, and incentivizing the US to reach an agreement with aluminium exporters in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s trade activity is set to minimize the fallout from the tariffs: <\/strong>\u201cThe UAE in particular has also actively pursued trading relationships with many economies around the world to reduce trade barriers to insulate itself from volatility in global trade flows,\u201d the bank wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Take it from the experts: <\/strong>Abu Dhabi Commercial Bank chief economist Monica Malik said in a report \u201cthe GCC should be in a relatively favourable position to withstand headwinds, especially the UAE,\u201d adding that the US is not a key destination for Gulf exports, averaging just c.3.7% of the GCC\u2019s total exports in 2024, according to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/09\/oil-rich-gulf-states-face-both-advantages-and-trouble-as-tariffs-hit.html?&qsearchterm=\" style=\"\" rel=\"noopener\">CNBC<\/a>. BlackRock\u2019s Ben Powell echoed the region\u2019s relative resilience: \u201cThe Middle East \u2014 maybe not today, but over time \u2014 should be a relative [champion] within that mix,\u201d pointing to strong balance sheets and ongoing energy revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong diplomatic relations with Trump will also help:<\/strong> \u201cI do think the Middle East, with the deep relationship with the U.S. that they have, should come out okay,\u201d Powell added, saying this could help with potential tariff negotiations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spillover risks: <\/strong>The UAE faces indirect risks from a potential tariff-triggered global recession or stagflation could reduce expat inflows, foreign investment, and consumption, <a target=\"_blank\" href=\"https:\/\/app.frontierview.com\/insightBite\/3075\/trump-tariffs-direct-mena-impacts-mostly-muted-beyond-some-outliers?btype=hub&id=12&slug=middle-east-and-north-africa\" style=\"\" rel=\"noopener\">Frontier View<\/a> said in a note. S&P also <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/_assets\/documents\/ratings\/research\/101617931.pdf\" style=\"\" rel=\"noopener\">warned<\/a> that US tariffs could dampen growth, investment, and market sentiment, while rising borrowing costs and tighter access to funding may affect exposed sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Malik also warned that a sharp, sustained drop in oil prices poses a more seriou<\/strong><strong>s threat,<\/strong> potentially impacting spending plans, liquidity, and confidence. We\u2019ve heard the same from EFG Hermes\u2019 head of research Ahmed Shams El Din, though he <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c571dea5-98d5-445f-b599-b90354abc31a\/uae-among-the-most-well-positioned-in-the-region-to-weather-the-current-crisis--efg-hermes%25e2%2580%2599-ahmed-shams-el-din\" style=\"\" rel=\"noopener\">posits the UAE as one of the least exposed markets<\/a> in the GCC to oil prices, with Saudi Arabia and Kuwait being the most exposed. <\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102469\" 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=\"102469\">\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\/04\/10\/adanis-dubai-based-unit-ups-stake-in-itd-cementation-following-private-placement\/\">\r\n                            Adani\u2019s Dubai-based unit ups stake in ITD Cementation following private placement                        <\/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\/04\/10\/adanis-dubai-based-unit-ups-stake-in-itd-cementation-following-private-placement\/\" 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 acquisition was financed by a USD 750 mn through offshore private placement bond raised by several investors, including BlackRock, sources familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-09\/blackrock-backs-adani-s-750-million-bond-to-fund-an-acquisition\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>BlackRock subscribed to around USD 250 mn of Adani\u2019s bond, though the other investors were not disclosed. The bonds have tenors between three and five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The Dubai-based unit <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-26\/adani-unit-to-buy-stake-in-itd-cementation-for-381-million\" style=\"\" rel=\"noopener\">had agreed<\/a> to acquire ITD Cementation from Thailand\u2019s largest contractor, Italian-Thai Development, for USD 381 mn. Renew Exim was said to pay INR 400 a piece for the stake \u2014 a 25% discount to ITD Cementation\u2019s last closing price before the announcement of the offer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Adani is in advanced talks for another major acquisition, with the firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/591c7314-2a8c-4379-b802-356d188b0159\/this-morning:-uae-outpaces-us,-uk-and-more-in-latest-world-happiness-index-%2525252B-beware-where-you-park-during-taraweeh\" style=\"\" rel=\"noopener\">finalizing<\/a> negotiations to take over Emaar India. This transaction could involve an unlisted Adani unit investing around USD 400 mn in equity. Previous reports indicated that Adani Realty may acquire a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a03e7d80-9b70-4956-b7c5-21269974b078\/adani-group-could-snap-up-majority-stake-in-emaar-india\" style=\"\" rel=\"noopener\">70-100% stake<\/a> in Emaar, valued between AED 1.7-2.1 bn, likely through Adani Realty.<\/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\/adani\/\">Adani<\/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\/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=\"102471 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=\"102471\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/102471-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102471\" class=\"content-area-description single-story post-102471 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=\"102472\" 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=\"102472\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/\">\r\n                            Masdar turns to the black in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Masdar turns to the black in 2024&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/&title=Masdar turns to the black in 2024\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Masdar+turns+to+the+black+in+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F10%2Fmasdar-turns-to-the-black-in-2024%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/503.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102473\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/masdar-turns-to-the-black-in-2024\/503-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/503.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"503.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/503.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/503.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102472\" class=\"content-area-description single-story post-102472 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-uae tag-masdar 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\/.e603a34b-e9fc-4caa-aca3-3ff813a2e879.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Masdar <\/strong><strong>turns to the black in 2024: <\/strong>Abu Dhabi Future Energy Company, better known as Masdar, reported a net income of AED 412.5 mn in 2024, reversing a AED 44.7 mn loss from the previous year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/459.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The turnaround came alongside a 3.9% y-o-y drop in revenues to AED 3.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- This is the latest in a series of good news for Masdar:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/22bc6e36-5d15-4d67-a556-2532190b7886\/%253cmark%253emasdar%253c%2Fmark%253e-levels-up-to-an-a1-credit-rating-from-moody%25e2%2580%2599s\" style=\"\" rel=\"noopener\">Ea<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/22bc6e36-5d15-4d67-a556-2532190b7886\/%253cmark%253emasdar%253c%2Fmark%253e-levels-up-to-an-a1-credit-rating-from-moody%25e2%2580%2599s\" style=\"\" rel=\"noopener\">rlier this week<\/a>, Moody\u2019s upgraded the renewables giant to an A1 credit rating with a stable outlook, up from A2. The upgrade came on the back of strong backing from the Abu Dhabi Government and shareholders as the company pursues its 100 GW renewable energy capacity target by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Accounting for FX losses and swings in derivative valuation<\/strong>, Masdar recorded a total comprehensive loss of AED 31.4 mn for the year, widening slightly from an AED 22.9 mn loss in 2023.<\/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\/masdar\/\">Masdar<\/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=\"102474\" 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=\"102474\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/\">\r\n                            Invest Bank taps its first ever Chief Technology Officer                        <\/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\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/\" 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\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/')\">\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\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/\">\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=Invest Bank taps its first ever Chief Technology Officer&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/\">\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\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/&title=Invest Bank taps its first ever Chief Technology Officer\">\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=Invest+Bank+taps+its+first+ever+Chief+Technology+Officer+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F10%2Finvest-bank-taps-its-first-ever-chief-technology-officer%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\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/505.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102475\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/invest-bank-taps-its-first-ever-chief-technology-officer\/505-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/505.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"505.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/505.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/505.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102474\" class=\"content-area-description single-story post-102474 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-invest-bank tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.856a56ca-ebef-486b-b2d2-84d7962252a2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Sharjah-based <strong>Invest Bank<\/strong> appointed <strong>Narinder Auluck<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/narinder-auluck-749186?original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2F&originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its first <strong>chief<\/strong> <strong>t<\/strong><strong>echnology officer<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/invest-bank-announces-appointment-of-narinder-auluck-as-its-first-ever-chief-technology-officer-r8bve3m6\" style=\"\" rel=\"noopener\">press release<\/a>. He most recently served as group chief technology officer at Pepper Advantage, where he was based in London.<\/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\/invest-bank\/\">Invest Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102476\" 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=\"102476\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/\">\r\n                            UAE\u2019s crypto edge: strong regulation and a rising talent pool, says OKX exec                        <\/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\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/\" 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\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/')\">\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\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/\">\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=UAE\u2019s crypto edge: strong regulation and a rising talent pool, says OKX exec&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/\">\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\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/&title=UAE\u2019s crypto edge: strong regulation and a rising talent pool, says OKX exec\">\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=UAE%E2%80%99s+crypto+edge%3A+strong+regulation+and+a+rising+talent+pool%2C+says+OKX+exec+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F10%2Fuaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec%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\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/507.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102477\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/uaes-crypto-edge-strong-regulation-and-a-rising-talent-pool-says-okx-exec\/507-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/507.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"507.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/507.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/507.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102476\" class=\"content-area-description single-story post-102476 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-crypto tag-enterpriseam-uae tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.3918d599-535a-4d2a-a611-21f1b85db131.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>UAE\u2019s proactive approach to crypto regulation is catching the eye of the <\/strong><strong>international<\/strong><strong> press<\/strong>, with MENA CEO at crypto platform OKX Rifad Mahasneh saying in a CNBC interview (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2025\/04\/09\/uae-is-ahead-on-crypto-regulation-says-okx.html?&qsearchterm=\" style=\"\" rel=\"noopener\">watch, runtime: 05:34<\/a>) that the Emirates are setting the pace in the field. Mahasneh praised the country\u2019s forward-looking attitude, noting that amid regulatory uncertainty elsewhere, \u201cthe UAE stood out as a market where it has the right foundations for any crypto exchange or crypto business to succeed.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s driving this leadership?<\/strong> Mahasneh pointed to the presence of \u201cmultiple regulators in the same space\u201d \u2014 covering exchange houses, insurers, brokers, and custodians \u2014 as a key strength. \u201cTalent within the crypto sector is naturally migrating now to the UAE,\u201d Mahasneh said, adding that the Emirates provide regulatory stability for the fast-developing sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This momentum isn\u2019t likely to slow down: <\/strong>Regulation needs to keep pace with innovations in payments and real-world asset tokenization, and the UAE\u2019s constant regulatory developments, like the recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61b36c93-cd65-448d-93fa-5ac588daaaca\/fsra-issues%253cmark%253e-stablecoin%253c%2Fmark%253e-framework\" style=\"\" rel=\"noopener\">stablecoin regulation<\/a>, prove its leadership in the field as crypto offerings continue to expand. As industry regulation increases, more sovereign wealth funds will enter the space, Mahasneh predicted. This follows Abu Dhabi AI fund MGX\u2019s recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7bab49e8-2f1e-44b5-b3d4-2b66b9a09336\/MGX%20invests%20landmark%20USD%202%20bn%20in%20Binance\" style=\"\" rel=\"noopener\">USD 2 bn investment<\/a> in cryptocurrency exchange Binance.<\/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\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102478\" 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=\"102478\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/\">\r\n                            Investcorp Capital sells its US industrial real estate portfolio for USD 360 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\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/')\">\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\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/\">\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=Investcorp Capital sells its US industrial real estate portfolio for USD 360 mn&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/\">\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\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/&title=Investcorp Capital sells its US industrial real estate portfolio for USD 360 mn\">\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=Investcorp+Capital+sells+its+US+industrial+real+estate+portfolio+for+USD+360+mn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F10%2Finvestcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-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\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102479\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/1277-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1277.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102478\" class=\"content-area-description single-story post-102478 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-banking tag-central-bank-of-the-uae tag-enterpriseam-uae tag-evs tag-fintech tag-islamic-finance tag-startups tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.fb4a3c50-7ec1-4e51-8816-bf1909095b9f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ADX-listed private equity firm Investcorp Capital offloaded its US industrial real <\/strong><strong>estate portfolio fo<\/strong><strong>r USD 360 mn<\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/331.pdf\" style=\"\" rel=\"noopener\">a filing (pdf)<\/a> to the exchange. The selling price represents a 40% bump on its initial investment of USD 262 mn in 2021, giving it a 12% internal rate of return (IRR) and a 1.4x multiple on invested capital (MOIC) \u2014 well above the projected 8.5% benchmark. The portfolio included six investments spanning six states and 2.3 mn square feet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Just last month, the firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36e5a35b-aeea-47f0-801a-e1fa020a9bba\/tabreed-secures-aed-1.5-bn-district-cooling-contract-for-palm-jebel-ali\" style=\"\" rel=\"noopener\">acquired a diversified portfolio<\/a> of assets in growth sectors across North America and Europe from its Bahraini parent company Investcorp Group for USD 200 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SRTIP <\/strong><strong>partners with AIM Congress to attract scaleups to Sharjah: <\/strong>The Sharjah Research Technology and Innovation Park (SRTIP) has partnered with AIM Congress to attract technology scaleups and promote innovation-driven business activity, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/sharjah-innovation-park-srtip-and-aim-congress-sign-partnership-agreement-bjapmh4l\" style=\"\" rel=\"noopener\">press release<\/a>. SRTIP will offer tailored setup packages and special rates to scaleups introduced through AIM\u2019s global network, alongside access to its innovation ecosystem and events.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For large-scale startups: <\/strong>The partnership also promotes SRTIP\u2019s Sharjah Advanced Industry Accelerator, which supports large-scale startups in sectors including advanced manufacturing, healthcare, mobility, and sustainability. AIM Congress will assist in technology commercialization, provide marketing support, and connect scaleups to its network.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong>The <a target=\"_blank\" href=\"https:\/\/aimcongress.com\/event-highlights\" style=\"\" rel=\"noopener\">AIM Congress 2025<\/a> took place <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f59dfd8c-3f2c-4270-bbe0-7ea837bb2e82\/this-morning:-the-uae-leads-the-world-in-entrepreneurship-%2B-rsf-linked-companies-aren%25e2%2580%2599t-licensed-to-operate-in-the-emirates\" style=\"\" rel=\"noopener\">this week<\/a> at the Abu Dhabi National Exhibition Center, where talks focused on fostering investment collaboration to drive global economic development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>, Kazakhstan central banks sign MoU on cooperation and expertise sharing:<\/strong> UAE Central Bank Governor Khaled Mohamed Balama has signed a tripartite MoU with Kazakhstan\u2019s National Bank Governor Timur Suleimenov and Regulation and Development of Financial Market Agency Chair Madina Abylkassymova on cooperation and information exchange, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/527.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The agreement will see improved cooperation between the institutions in financial markets regulation, fintech, and cross-border use of central bank digital currencies (CBDCs). They will also exchange expertise on cybersecurity, Islamic finance, and technical collaboration, and aims to deepen bilateral trade and financial sector development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>O<\/strong><strong>nline trading platform and CFD broker <\/strong><strong><a target=\"_blank\" href=\"https:\/\/traze.com\/\" style=\"\" rel=\"noopener\">Traze<\/a><\/strong><strong> has secured a first category license <\/strong>from the UAE Securities and Commodities Authority (SCA), according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/traze-earns-the-uaes-sca-first-category-license-reinforcing-its-commitment-to-transparency-t6sbaali\" style=\"\" rel=\"noopener\">press release<\/a>. The license enables Traze to provide brokerage, portfolio management, and financial advisory services to both retail and institutional investors in the Emirates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ambit <\/strong><strong>expands wealth management to Dubai:<\/strong> India's Ambit\u2019s financial advisory subsidiary <a target=\"_blank\" href=\"https:\/\/ambit.co\/global-private-client\" style=\"\" rel=\"noopener\">Ambit Global Private Client<\/a> (Ambit GPC) has set up shop in Dubai's International Financial Center (DIFC) through its newly formed entity, Ambit Global Private Client (MENA), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/472.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The new entity was formed following Ambit\u2019s acquisition of Moonrock Investments, a DFSA-regulated wealth firm, in 2024. The acquisition combines Ambit\u2019s wealth management expertise with over USD 9 bn in assets-under-management and Moonrock\u2019s regional network. This new office will provide financial services to investors in both India and the UAE, as demand for investment options in the two markets from both sides increases. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish enterprise software firm Bimser opened a regional office in Dubai <\/strong>as part of its push into the Middle East and North Africa, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/bimser-expands-presence-in-the-middle-east-with-new-dubai-office-vrxphoap\" style=\"\" rel=\"noopener\">press release<\/a>. The new office will handle marketing and sales operations, focusing on partner and customer support. The company aims to triple its number of active Gulf partners by the end of 2025, with the UAE as its initial target market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MOBILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EV distributor Smart Mobility International partnered with Chinese EV manufacturer IM <\/strong><strong>Motors to launch its products in the UAE<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/smart-mobility-international-signs-partnership-agreement-with-im-motors-for-uae-and-saudi-arabia-i176e16e\" style=\"\" rel=\"noopener\">press release<\/a>. IM Motors plans to expand its operations in the GCC region, starting in the Emirates and expanding to Saudi Arabia before later in 2025. The company introduced the IM LS7 electric SUV in the UAE, with more Battery Electric and Range-Extended Electric Vehicle models set to follow later this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai investment firm Shamal awarded the main works construction contract for its Baccarat Hotel an<\/strong><strong>d <\/strong><strong>Residences Dubai project to Arabian Construction Co.<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.shamalholding.com\/shamal-announces-main-works-contractor-award-for-baccarat-hotel-and-residences-dubai\/\" style=\"\" rel=\"noopener\">press release<\/a>. The ultra-luxury development, on which construction began in January 2024, will feature a hotel and branded residences in Downtown Dubai. The project is being developed by Dubai-based H&H. <\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/evs\/\">EVs<\/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\/islamic-finance\/\">Islamic finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102480\" 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=\"102480\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/cfo-turnover-remains-high-in-2024-as-the-role-expands-beyond-traditional-finance\/\">\r\n                            CFO turnover remains high in 2024 as the role expands beyond traditional finance                        <\/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\/04\/10\/cfo-turnover-remains-high-in-2024-as-the-role-expands-beyond-traditional-finance\/\" 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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Some 54% of outgoing CFOs retired or took board positions, while another 34% took on presidencies or CEO roles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.russellreynolds.com\/en\/insights\/reports-surveys\/global-cfo-turnover-index\/sp-500-by-the-numbers\" style=\"\" rel=\"noopener\">S&P 500<\/a> turnover spiked to a six-year high at 17.8% with 89 new CFOs, driven by a churn in the tech and industrial sectors. Meanwhile, the <a target=\"_blank\" href=\"https:\/\/www.russellreynolds.com\/en\/insights\/reports-surveys\/global-cfo-turnover-index\/ftse-100-by-the-numbers\" style=\"\" rel=\"noopener\">FTSE 250<\/a> saw the appointment of 25 new CFOs in 2024, dipping by four percentage points y-o-y to 25%, from a record high of 29% in the previous year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe changing nature of the CFO role\u201d is the main reason behind the <\/strong><strong>high CFO turnover, <\/strong>RRA argues. The role seems to have expanded well beyond traditional finance and become more complex as CFOs are now expected to deploy AI to increase efficiency, possess a strong understanding of geopolitics, and mediate between boards and investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CFOs are also taking over tasks traditionally reserved for COOs<\/strong>, Jenna Fisher, RRA Co-Lead of Global Financial Officers Practice, said. \u201cThe CFO has become the de facto COO with more direct reports \u2013 whether it\u2019s real estate, facilities, IT or legal \u2013 and so the role has become more complex.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shifting landscape: <\/strong>The average CFO tenure dropped to 5.8 years in 2024, pulling the average transition\/retirement age down to 56.6 years old. A record 70 women were tapped for the role \u2014 double the number seen in 2023. Meanwhile, some 60% of new CFOs were first-timers, signalling a trend to rely on younger talents.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boards are also doubling down on internal talent<\/strong>, which represented 54% of incoming CFOs in 2024. The reason? Internally promoted CFOs tend to stay longer in a company, with an average tenure of 6.5 years, compared to 5.9 years for external hires, according to RRA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our neck of the woods is more demanding: <\/strong>\u201cLocal market experience is becoming increasingly critical for CFOs in the Middle East. Companies are prioritizing candidates who understand the regional legal framework, regulatory landscape, and unique market dynamics,\u201d Burak Gorbon, RRA Head of Financial Services and Financial Officers Practice, said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the index:<\/strong> The Global CFO Turnover Index provides insights on global CFO departures and appointments in publicly traded companies on a quarterly and yearly basis, analyzing trends regarding gender, tenure, and internal\/external hires.<\/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 strongly in the green<\/strong> after Trump paused most of his tariffs, with Japan\u2019s Nikkei up 8.4%, Hong Kong\u2019s Hang Seng up almost 4%, and Shanghai Composite slightly up at 1.6%. Wall Street futures are indicating an expectedly lower opening after yesterday\u2019s record rally.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,066<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: -3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,893<\/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: -5.2%)<\/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\">3,922<\/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\">+1.2% (YTD: -5.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,097<\/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\">-1.8% (YTD: -7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,080<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.9% (YTD: +1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,457<\/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\">+9.5% (YTD: -7.2%)<\/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>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\">7,679<\/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\">-2.9% (YTD: -6.0%)<\/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>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\">4,622<\/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\">-3.2% (YTD: -5.6%)<\/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 65.48<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+4.2%<\/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 3.74<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3079.4<\/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\">+3.0%<\/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>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 83,317.40<\/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\">+8.6% (YTD: -11.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.1% yesterday<\/strong> on turnover of AED 674.3 mn. The index is down 3.8% 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 Refreshment Company (+10.7%), Taaleem (+2.9%) and Emirates Reem Investments Company (+2.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Sukoon Ins. (-10.0%), National Cement (-7.8%) and Emirates Central Cooling Systems Corporation (-4.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.9% on turnover of AED 1.5 bn. Meanwhile, Nasdaq Dubai was up 1.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe\u2019s shareholders approved plans to repurchase up to 2.5% of its iss<\/strong><strong>ued shares and distribute a USD 125 mn dividend for 2H 2025<\/strong>, bringing the total for the year to USD 275 mn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/487.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai <\/strong><strong>Ins.\u2019s general assembly approved the distribution of AED 80 mn in dividends for<\/strong><strong> 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/470.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The paid amount represents 80% of the company\u2019s capital \u2014 equivalent to 80 fils per share.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Hotels\u2019 shareholders approved a dividend distribution of AED 567 mn<\/strong><strong> for 2024<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/483.pdf\" style=\"\" rel=\"noopener\">ADX<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/483.pdf\" style=\"\" rel=\"noopener\">disclosure<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/483.pdf\" style=\"\" rel=\"noopener\">(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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102482\" 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=\"102482\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/uae-discusses-bilateral-relations-and-the-gaza-crisis-with-jordan-egypt-more-cooperation-with-moscow-indonesia\/\">\r\n                            UAE discusses bilateral relations and the Gaza crisis with Jordan, Egypt + More cooperation with Moscow, Indonesia                        <\/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\/04\/10\/uae-discusses-bilateral-relations-and-the-gaza-crisis-with-jordan-egypt-more-cooperation-with-moscow-indonesia\/\" target=\"_blank\">\n                    Open in new 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the Gaza crisis with Jordan, Egypt + More cooperation with Moscow, Indonesia\">\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=UAE+discusses+bilateral+relations+and+the+Gaza+crisis+with+Jordan%2C+Egypt+%2B+More+cooperation+with+Moscow%2C+Indonesia+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F10%2Fuae-discusses-bilateral-relations-and-the-gaza-crisis-with-jordan-egypt-more-cooperation-with-moscow-indonesia%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\/04\/10\/uae-discusses-bilateral-relations-and-the-gaza-crisis-with-jordan-egypt-more-cooperation-with-moscow-indonesia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/493.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102483\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/uae-discusses-bilateral-relations-and-the-gaza-crisis-with-jordan-egypt-more-cooperation-with-moscow-indonesia\/493-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/493.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"493.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/493.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/493.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102482\" class=\"content-area-description single-story post-102482 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-egypt tag-enterpriseam-uae tag-gaza tag-investment tag-trade tag-uae-india-relations tag-uae-jordan-relations tag-us-uae-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.7065a488-8500-49eb-bddd-6be6d8415df5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>, Egypt FMs discuss Gaza and bilateral ties: <\/strong>Foreign Minister Abdullah bin Zayed Al Nahyan met with Egyptian Foreign Minister Badr Abdel Ati in Abu Dhabi to discuss improving bilateral cooperation in development-focused sectors, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj2ppxt-abdullah-bin-zayed-receives-egypts\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two sides also reviewed regional developments, including the Gaza crisis, and stressed the need for a ceasefire, the release of hostages, and unimpeded humanitarian aid delivery.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Nahyan<\/strong><strong> also<\/strong><strong> met with his Jordanian counterpart Ayman Safadi<\/strong> in Abu Dhabi to discuss strengthening bilateral cooperation and coordination to improve regional security, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj2ppxs-abdullah-bin-zayed-jordans-discuss-enhancing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. They also reaffirmed the need for a ceasefire in Gaza, the entry of humanitarian aid, and the release of hostages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> <strong>The government of <\/strong><strong>Ras <\/strong><strong>Al Khaimah and the city of Moscow inked an <\/strong><strong>agreement <\/strong><strong>to enhance cooperation in several key sectors<\/strong>, including technology, trade, investment, culture, sports, and education, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj3b56z-saud-bin-saqr-witnesses-signing-mou-between\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement also focuses on joint efforts in digital transformation, smart cities, telecommunications, IT, transportation, infrastructure, urban planning, and environmental sustainability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND-<\/strong><strong> UAE and Indonesia establish several cooperation agreements:<\/strong> President Sheikh Mohamed bin Zayed Al Nahyan met with the Indonesian President Prabowo Subianto to discuss deepening bilateral cooperation across several sectors, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj3b5cp-uae-indonesian-presidents-explore-ways-strengthen\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Discussions focused on the economy, investment, renewable energy, sustainability, environment, and food security, with several agreements struck across these sectors.<\/p>\n<p class=\"tag-border-left\">OTHER DIPLOMACY NEWS- <\/p>\n<ul>\n<li>Dubai Crown Prince<strong> Sheikh Hamdan bin Mohammed <\/strong>discussed<strong> enhancing <\/strong><strong>cooperation in trade, energy, investment, <\/strong><strong>manufacturing, logistics, technology, and healthcare, <\/strong>with <strong>India\u2019s <\/strong><strong>Commerce and Industry Minister Piyush Goyal yesterday <\/strong>during his visit to India. (<a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/april\/09-04\/hamdan-bin-mohammed-meets-with-india-minister-of-commerce-and-industry\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>President Mohamed bin Zayed Al Nahyan<\/strong> met with <strong>Guinea-Bissau\u2019s President <\/strong><strong>Umaro Sissoco Embal\u00f3<\/strong> in Abu Dhabi to discuss <strong>strengthening bilateral cooperation<\/strong>, particularly in trade, investment, and sustainable development. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj2pq0p-uae-president-receives-president-guinea-bissau\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gaza\/\">Gaza<\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-jordan-relations\/\">UAE-Jordan relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us-uae-relations\/\">US-UAE relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102484\" 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=\"102484\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/70-of-uae-residents-want-to-retire-in-the-emirates-but-a-fast-rising-cost-of-living-stands-in-the-way\/\">\r\n                            70% of UAE residents want to retire in the Emirates, but a fast-rising cost of living stands in the way                        <\/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\/04\/10\/70-of-uae-residents-want-to-retire-in-the-emirates-but-a-fast-rising-cost-of-living-stands-in-the-way\/\" 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 desire to retire in the UAE is especially prevalent among those earning more than AED 25k per month, the ins. firm said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enough funds in the vault? <\/strong>While three quarters of respondents feel they have enough in the bank, 65% also said they\u2019d rely primarily on workplace savings or gratuity for their future financial security, the value of which many are overestimating, head of business development-employee benefits at Zurich International Life Limited Ashika Tailor told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-residents-retirement-plans-savings?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Costs are rising fast\u2026 <\/strong>The annual cost of retirement in the UAE currently stands at AED 240k, according to Zurich; however, this figure is set to reach AED 477.5k by 2045, and by 2060 residents can expect to pay an eye-watering AED 7.2 mn for 15 years of basic retirement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite this<\/strong>, 61% of respondents still think AED 5 mn or less is enough for a comfortable retirement in the UAE. However, this sum likely won\u2019t be enough for a typical 20 to 30-year retirement period without any additional passive income, Tailor adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big plans: <\/strong>Many residents are optimistic about their retirement plans, with 44% hoping to start a business and others eyeing travel or picking up a new skill. Despite these aspirations, 61% have yet to consult a financial advisor to plan their retirement and only 4% have invested in a dedicated retirement savings plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To avoid outliving their savings<\/strong>, residents should actively save, invest, and plan, Tailor told Khaleej Times. UAE residents have a strong affinity for tangible assets, according to the <a target=\"_blank\" href=\"https:\/\/www.zurich.ae\/future-youae-2024\" style=\"\" rel=\"noopener\">survey<\/a>, with people investing in gold, real estate, and stocks. Younger individuals are more likely to take risks with non-traditional investments, while older respondents prefer traditional investments.<\/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\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/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=\"102486\" 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\/04\/10\/102486-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102486\" class=\"content-area-description single-story post-102486 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\">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;\">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>7-1<\/span><span>0 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>7-11 April (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aws.amazon.com\/startups\/lp\/aws-gen-ai-loft-dubai\" style=\"\">AWS GenAI Loft Dubai 2025<\/a><\/span><span style=\"font-weight:400;\">, Dubai International Financial Centre (DIFC) Innovation One. <\/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>17 April (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/discover.commvault.com\/events-shift-roadshow-dubai-registration.html?_gl=1*7115ws*_gcl_au*MTg3MjQ4NDc0NC4xNzQxMTc3NTU4*_ga*ODk4Mjk1NTQxLjE2NTM0NjYzMDI.*_ga_M2TFPKFW4N*MTc0MjQ2MDA2NC4yOTYuMS4xNzQyNDYwMDczLjAuMC4w\" style=\"\">Commvault\u2019s Shift Roadshow<\/a><\/span><span style=\"font-weight:400;\"> event, Dubai\u2019s Museum of The Future. <\/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<\/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 style=\"font-weight:400;\">15 April (Tuesday): G42 to acquire USD 335 mn worth of shares in Cerebras. <\/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>21-23 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabi.evinnovationsummit.com\/\" style=\"\">The Electric Vehicle (EV) Innovation Summit<\/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>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>22-24 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/iceq.gdrfad.gov.ae\/\" style=\"\">The International Conference on Education Quality<\/a><\/span><span style=\"font-weight:400;\">,General Directorate of Identity and Foreigners Affairs Office, 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 style=\"font-weight:400;\">25 April (Friday): The Indian Business and Professionals Council\u2019s (IBPC) Annual Conference, Dubai.<\/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>28 April-2 May (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ifatca.org\/ifatca2025\" style=\"\">The International Federation of Air Traffic Controllers' Associations (IFATCA) conference<\/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 style=\"font-weight:400;\">28 April-2 May (Monday-Friday): The 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>5-6 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/global-policy-makers-and-tech-giants-to-convene-in-abu-dhabi-for-inaugural-summit-on-governance-of-emerging-technologies-ndxkqpfr\" style=\"\">The Governance of Emerging Technologies Summit<\/a><\/span><span style=\"font-weight:400;\"> (GETS 2025), St. Regis Saadiyat Island Resort, Abu Dhabi. <\/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>20-21 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\/events-and-conferences\/ras-al-khaimah-launches-inaugural-international-real-estate-investment-summit-k46jsmra\" style=\"\">The International Real Estate Investment Summit<\/a><\/span><span style=\"font-weight:400;\"> (IREIS 2025), Al Hamra International Exhibition and Conference Centre in Ras Al Khaimah.<\/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<\/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;\">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 Congress<\/a><\/span><span>, 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>8-9 December (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnec.ae\/en\/eventlisting\/bitcoin-mena-2025\" style=\"\">BTC Mena Conference<\/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>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>Trump makes about-turn on tariffs<\/p>\n","protected":false},"featured_media":102463,"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-102462","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"cdc4dc8b-6d71-4908-bd6c-7d54afe80462","teaser":"Trump makes about-turn on tariffs","photo_url":"https:\/\/ent.news\/2024\/4\/528.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More good news for the GCC amid global market 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