{"id":102833,"date":"2025-04-22T00:00:00","date_gmt":"2025-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=102833"},"modified":"2025-12-15T03:31:14","modified_gmt":"2025-12-15T03:31:14","slug":"dubai-inflation-hits-five-month-low","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/dubai-inflation-hits-five-month-low\/","title":{"rendered":"Dubai inflation hits five-month low"},"content":{"rendered":"<section id=\"102835\" 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=\"102835\">\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\/22\/this-morning-ad-ports-masdar-eye-debt-issuances-despite-global-market-turmoil-govt-departments-will-be-assessed-on-ai\/\">\r\n                            THIS MORNING: AD Ports, Masdar eye debt issuances despite global market turmoil + Gov\u2019t departments will be assessed on AI                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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   <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/545.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102836\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/this-morning-ad-ports-masdar-eye-debt-issuances-despite-global-market-turmoil-govt-departments-will-be-assessed-on-ai\/545-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/545.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"545.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/545.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/545.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102835\" class=\"content-area-description single-story post-102835 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi tag-adnoc tag-artificial-intelligence tag-dragon-oil tag-enterpriseam-uae tag-evs tag-ma tag-omar-sultan-al-olama tag-roads-and-transport-authority tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.b149dc60-7ac0-48fc-9507-0714809fda13.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people. <\/strong>We have a packed issue for you this morning, with plenty of tidbits from Dubai AI week, Dubai\u2019s March inflation figures, which show deflation is back on a monthly basis ,and another exit from Gulf Capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong><strong>It\u2019s getting hotter and hotter\u2026:<\/strong> Temperatures in Dubai will reach 37\u00b0C before cooling a bit to 27\u00b0C in the nighttime. Afternoon highs in Abu Dhabi are a few degrees cooler, reaching 32\u00b0C, while nighttime temperatures will hit a low of 27\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- Take our 4.5-day workweek survey: <\/strong>It\u2019s been over three years since the UAE adopted a 4.5-day workweek. Since then, a lot of companies have amended their hours to match those of the public sector \u2014 but how many of you are still on a five-day workweek schedule? Why have some firms stuck to the status quo? And how has the shorter workweek impacted operations for those who have adopted it? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re taking the pulse on the level of adoption of the 4.5-day workweek<\/strong>, and on how employees and employers alike feel about it \u2014 especially now that Dubai has piloted an even shorter 4-day workweek for public sector workers in the summer, and is exploring more flexible working regulations. Take a few minutes to fill out our <a target=\"_blank\" href=\"https:\/\/www.surveymonkey.com\/r\/DWVZHBG\" style=\"\" rel=\"noopener\">short survey<\/a>. We\u2019ll be back with the results in a few weeks\u2019 time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you have more to say on the topic<\/strong>, drop us a note at <a target=\"_blank\" href=\"mailto:uae@enterpriseAM.com\" style=\"\" rel=\"noopener\">uae@enterpriseAM.<\/a><a target=\"_blank\" href=\"mailto:uae@enterpriseAM.com\" style=\"\" rel=\"noopener\">com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** <\/strong><\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #1- <\/strong><strong>Gov\u2019t departments to be assessed on AI: <\/strong>The UAE is set to assess all government departments on how they use artificial intelligence, AI and Digital Economy Minister Omar Al Olama said at the Dubai AI Retreat, the <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2025\/04\/21\/uae-to-evaluate-government-departments-on-ai-use-minister-says\/\" style=\"\" rel=\"noopener\">National<\/a> reports. Departments will be rated and classified based on the tangible effect of AI on their operations and residents\u2019 quality of life. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beware the overregulator: <\/strong>Al Olama outlined a triple threat approach for AI adoption \u2014 innovation, regulation, and acceleration. He said the UAE aims to avoid overregulation, focusing on \u201cnot regulating for the sake of regulation.\u201d \u201cWe don\u2019t want to leverage artificial intelligence just for the sake of AI,\u201d Al Olama said. \u201cWe want to ensure that the application actually improves the quality of life of citizens in the UAE and in Dubai specifically.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM AL OLAMA- <\/strong><strong>AI <\/strong><strong>investments in Dubai reached AED 20 bn in <\/strong><strong>2024<\/strong>, the National quoted Al Olama as saying during Dubai AI Week. Al Olama highlighted the outcomes of Dubai\u2019s AI acceleration plan, which included the appointment of 230 AI executives and specialist teams, the launch of six business incubators, and AI empowerment programs benefiting 10k students, <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/ar\/article\/articledetail\/id\/1806428#:~:text=%D8%A3%D9%83%D8%AF%20%D8%B9%D9%85%D8%B1%20%D8%B3%D9%84%D8%B7%D8%A7%D9%86%20%D8%A7%D9%84%D8%B9%D9%84%D9%85%D8%A7%D8%A1%D8%8C%20%D9%88%D8%B2%D9%8A%D8%B1,%D8%A8%D9%84%D8%BA%D8%AA%20%D8%AD%D9%88%D8%A7%D9%84%D9%8A%2020.6%20%D9%85%D9%84%D9%8A%D8%A7%D8%B1%20%D8%AF%D8%B1%D9%87%D9%85.\" style=\"\" rel=\"noopener\">Argaam<\/a> reported.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- AI might soon have an opinion on your driving skills: <\/strong>Dubai's Roads and Transport Authority (RTA) is testing an AI-powered platform to calculate drivers\u2019 risk scores, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/transport\/dubai-platform-to-rank-motorists-risky-driving?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The new platform will base its scoring system on accidents, traffic fines, and black points, the RTA\u2019s Mohammed AlMudharreb said. The program is in a trial phase and is not yet available to the public, with the authorities currently using it internally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How does it work?<\/strong> It evaluates a driver as low, medium or high risk by analyzing their behavior using data inputs from within the RTA system \u2014 which can also later be used by ins. companies to price premiums based on the behavior of drivers, AlMudharreb said.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a><strong> #3- AD Ports and Masdar eye debt issuances in latest sign that Gulf issuers remain <\/strong><strong>bullish: <\/strong>Hot on the heels of our friends at Mashreq\u2019s recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ba45253c-dbac-46cd-a162-ab7e80161261\/%253cmark%253emashreq%253c%2Fmark%253e%25e2%2580%2599s-usd-500-mn-sukuk-is-its-most-heavily-subscribed-yet\" style=\"\" rel=\"noopener\">USD 500 mn five-year sukuk issuance<\/a>, which attracted USD 2.9 bn in orders, Abu Dhabi\u2019s AD Ports Group and Masdar are planning more issuances in signs that Gulf issuers have not been deterred by global market turmoil, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/gulf-issuers-plan-more-debt-sales-undeterred-by-recent-market-turmoil-sources-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. AD Ports is reportedly planning to raise USD 2 bn in a bond sale within the next few weeks, the newswire says, citing sources familiar with the matter, while renewable energy firm Masdar is preparing a USD 1 bn green bond. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThere is appetite,\u201d <\/strong>Zeina Rizk, co-head of fixed income at Amwal Capital Partners, told Reuters, citing Mashreq\u2019s issuance last week, which was its most heavily subscribed ever. \u201cIn the Middle East, the main concern is oil prices, but both corporates and governments have very strong fundamentals, reserve increase, everything's doing well,\u201d she added.<\/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>#4- China National Offshore Oil Corporation (CNOOC) has reportedly inked a five-year <\/strong><strong>supply contract agreement with Adnoc for LNG imports<\/strong>, marking the third supply contract Adnoc signed with Chinese buyers over the weekend, two Chinese trading sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/chinas-cnooc-agrees-lng-deal-with-uaes-adnoc-amid-tariff-war-with-us-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Under the agreement, CNOOC will uptake 500k metric tons per year as of 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreements come against the backdrop of the US-China tariff war<\/strong>, which is prompting China to secure new sources for its energy supply to replace US imports. US cargoes represented some 5% of China\u2019s LNG imports last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I<\/strong><strong>CYMI-<\/strong> Adnoc <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/34ae57f6-e4d7-4f89-b24e-65e8ba50b675\/adnoc-opens-beijing-office,-inks-major-lng-agreements-with-chinese-firms\" style=\"\" rel=\"noopener\">signed<\/a> a long-term liquified natural gas (LNG) supply agreement over the weekend with China\u2019s ENN Natural Gas subsidiary, ENN LNG, to provide it with 1 mn metric tons of LNG annually, supplied from its low-carbon Ruwais LNG project. It also inked a five-year agreement with state-owned Zhenhua Oil to receive LNG imports, including a supply of up to 12 cargoes annually, with deliveries benchmarked to the Japan Korea Marker and Brent oil prices. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Abu <\/strong><strong>Dhabi<\/strong><strong>-based Savvy Automotive is in talks to acquire the UAE opera<\/strong><strong>tions of <\/strong><strong>India's EV ride hailing service <\/strong><strong><a target=\"_blank\" href=\"https:\/\/blu-smart.com\/\" style=\"\" rel=\"noopener\">BluSmart<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/savvy-automotive-in-talks-to-acquire-blusmart-uae-qnnwcyqf\" style=\"\" rel=\"noopener\">press release<\/a>. The potential acquisition would help Savvy scale up its green and tech-enabled transport solutions across the country. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Dragon Oil is in discussions with the governments of Egypt, Iraq, and Turkmen<\/strong><strong>istan to begin operating new oil fields within four years<\/strong>, CEO Ali Rashid Al Jarwan told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/136947\/2025\/21\/04\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%80-%22Dragon-Oil%22-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D9%85%D9%8A%D8%B2%D8%A7%D9%86%D9%8A%D8%AA%D9%86%D8%A7-%D8%AA%D8%AA%D8%B1%D8%A7%D9%88%D8%AD-%D8%A8%D9%8A%D9%86-1.4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-$-%D9%881.6-%D9%85%D9%84%D9%8A%D8%A7%D8%B1$-%D9%88%D8%AA%D8%AA%D8%B6%D9%85%D9%86-%D8%A3%D9%86%D8%B4%D8%B7%D8%A9-%D8%A7%D9%84%D8%AD%D9%81%D8%B1-%D9%88%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9\" style=\"\" rel=\"noopener\">watch, runtime: 6:20<\/a>). This step serves as a part of the company\u2019s strategy to grow its daily production to 300k barrels a day (bbl \/ d) by 2026 and reach <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ece1565-0c5b-4100-b2f2-1d2bcdfaf4b2\/this-morning:-dae-settles-with-axa-over-jets-in-russia%3F-%2B%253cmark%253e-dragon-oil%253c%2Fmark%253e,-enoc-eye-expansions\" style=\"\" rel=\"noopener\">450k bbl\/d by 2029<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The company previously said it is eyeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f23781fc-a4fd-47fc-b355-98c0e6bf7543\/this-morning:-uae-eyes-usd-10-bn-investments-in-indonesian-renewables-%2B-ad-ports-will-not-be-operating-turkey%25e2%2580%2599s-alsancak-port\" style=\"\" rel=\"noopener\">further investments<\/a> in Egypt, after it committed to an investment of USD 500 mn in the country in 2025 for operational and capital expenditures. The firm is also exploring <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf3b3a45-f497-45e0-9dfe-0ae802c21d7c\/abu-dhabi-to-get-hydrogen-powered-buses-next-month%3F-%2B-dubai-claimed-the-ninth-spot-on-lloyd%25e2%2580%2599s-list%25e2%2580%2599s-top-100-ports-list\" style=\"\" rel=\"noopener\">new potential areas<\/a> to ramp up production in Turkmenistan, including acquiring additional offshore concessions, such as Dongolok and Block 20, as well as boosting production in the west of Zhdanov field and Block 19.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>The<\/strong> <strong>UAE <\/strong><strong>hit AED 5.2 tn in foreign trade in 2024, with a trade surplus reaching <\/strong><strong>AED 492.3<\/strong><strong> bn<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj9uwlt-uae-foreign-trade-reaches-aed523-trillion-2024\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing the World Trade Organization\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1161.pdf\" style=\"\" rel=\"noopener\">Global Trade Outlook and Statistics report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The report ranked the UAE as the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c2a6a111-5c24-4e90-8f43-dc8c44a7c7f9\/uae-climbs-up-global-rankings-for-trade\" style=\"\" rel=\"noopener\">11th largest global merchandise exporter<\/a> with a 6% y-o-y uptick in exports to reach USD 603 bn. Imports were also up 14% y-o-y to USD 539 bn, while the Emirates contributed 41.4% of the region\u2019s merchandise exports, reinforcing its position as a trade hub. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>It\u2019s day two of the IMF and World Bank\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d2ebe76-b10f-49f6-999b-377e4da5b32f\/\" style=\"\" rel=\"noopener\">spring meetup<\/a><\/strong>, taking place as the global economy grapples with mounting trade tensions and tariff escalations. The six-day <a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/\" style=\"\" rel=\"noopener\">2025 Spring Meetings of the IMF and World Bank Group<\/a> will bring together policymakers, central bankers, economists, private sector leaders, and others to discuss what the year ahead holds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The themes of this year\u2019s meetup are already starting to become clear<\/strong>, as the Trump administration\u2019s aggressive tariff regime continues to shake confidence in the post-WWII trade order, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-21\/world-s-economic-chiefs-to-face-trump-s-trade-war-in-washington\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. With fears of a prolonged trade war mounting, finance chiefs gathering in Washington will be looking for ways to preserve multilateral cooperation \u2014 or at least find workarounds as the US doubles down on bilateralism. Against this backdrop, the relevance of global institutions like the IMF and World Bank in an increasingly fragmented world is once again up for debate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Once the go-to forum for synchronized policy responses, the G-20 is now seen by many <\/strong><strong>as drifting into irrelevance<\/strong>, as Washington\u2019s pivot toward unilateral action has further weakened the group\u2019s ability to manage global economic shocks. \u201cThe cost of not having the G-20 is that you won\u2019t have a level of economic policy coordination, and that should be terrifying people,\u201d said Center for Global Development\u2019s VP Clemence Landers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- The International Monetary Fund (IMF) is set to release its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2025\/04\/22\/world-economic-outlook-april-2025?cid=ca-com-compd-pubs_belt\" style=\"\" rel=\"noopener\">World Economic Outlook (WEO)<\/a><\/strong> for April 2025 today at 5pm UAE time. IMF Chief Kristalina Georgieva <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/imf-expects-notable-markdowns-growth-forecasts-no-global-recession-2025-04-17\/\" style=\"\" rel=\"noopener\">indicated<\/a> last week the report will feature \u201cnotable markdowns\u201d in growth projections due to rising trade tensions and instability in the trading system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><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> is happening in Dubai<\/strong>. The two-week event runs until Saturday, 26 April and focuses 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>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/abudhabi.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">Electric Vehicle Innovation Summit<\/a><\/strong><strong> is on until <\/strong><strong>Wednesday<\/strong>, at the Abu Dhabi National Exhibition Center. The summit will bring together industry leaders, innovators, and key stakeholders to explore regional opportunities and challenges in electric vehicles technology.<\/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:\/\/week.dub.ai\/\" style=\"\" rel=\"noopener\">Dubai AI Week<\/a><\/strong><strong> is happening throughout the week <\/strong>at the Museum of the Future, Area 2071, and the Emirates Towers in Dubai. The week-long event will feature talks, workshops, and showcases from global and local AI leaders, entrepreneurs, and policymakers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.domotex.de\/en\/about-us\/domotex-worldwide\/domotex-middle-east\/\" style=\"\" rel=\"noopener\">DOMOTEX Middle East<\/a><\/strong><strong> is starting today and will run until Thursday <\/strong>at the Dubai World Trade Center. The international trade fair will spotlight the latest in carpets, flooring, and textile innovations, drawing regional designers, architects, and suppliers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/iceq.gdrfad.gov.ae\/\" style=\"\" rel=\"noopener\">International Conference on Education Quality (ICEQ)<\/a><\/strong><strong> is also kicking off today and will wrap up on <\/strong><strong>Thursday <\/strong>at the General Directorate of Identity and Foreigners Affairs Office in Dubai. The event will focus on integrating AI into education governance and institutional innovation across the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spe-events.org\/gotech\/about\" style=\"\" rel=\"noopener\">GOTECH<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spe-events.org\/gotech\/about\" style=\"\" rel=\"noopener\">2025<\/a><\/strong> <strong> kicked off yesterday and will wrap up tomorrow <\/strong>at the Dubai World Trade Center. The event brings together government officials, industry leaders, and technical experts to discuss industry trends, carbon reduction, and energy demand. The event includes technical presentations, sessions, and exhibitions focused on technology and sector challenges.<\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK-<\/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:\/\/dubaiaifestival.com\/\" style=\"\" rel=\"noopener\">Dubai AI Festival<\/a><\/strong><strong> is taking place on Wednesday and Thursday as<\/strong><strong> part of Dubai AI Week <\/strong>at Madinat Jumeirah in Dubai. The event will include exhibitions, panels, and networking sessions aimed at accelerating AI adoption across sectors.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The global foreign press is split between two stories this morning:<\/strong> Pope Francis\u2019 death and the latest sell-off on Wall Street. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Obituaries for Pope Francis, who died at 88 due to a stroke and cardiac arrest a day after Easter Sunday, are pouring in<\/strong>, with many looking at his role in reforming the Catholic Church. Focus is also turning to who will succeed him among his 252 cardinals, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/after-pope-francis-death-focus-turns-cardinals-who-will-choose-his-successor-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Obituaries are everywhere: <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/424ee29b-4715-4fb9-abdb-c7754d835adc\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/obituary-pope-francis-shook-up-church-with-simplicity-raising-conservative-ire-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/04\/21\/europe\/pope-francis-obituary-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/news\/obituaries\/pope-francis-obituary-roman-catholic-church-b2424609.html\" style=\"\" rel=\"noopener\">The Independent<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/obituaries\/2025\/04\/21\/pope-francis-obituary-dead\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also getting plenty of ink this morning:<\/strong> A sell-off hit Wall Street on the first day back from the long weekend after US President Donald Trump renewed his criticism of US Federal Reserve Chair Jerome Powell, saying on his social media platform Truth that he must lower interest rates \u201cNOW\u201d to give the economy a boost. The S&amp;P 500 ended the day down 2.4%, while the tech-heavy Nasdaq fell 2.6%. The USD also took a beating, falling 1.5% to a three-year low against a basket of major trading partners. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1cd3d21c-a3eb-43a4-b174-cbab1304b282\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-21\/traders-unfazed-in-quietest-market-selloff-as-big-days-pile-up?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/21\/us-dollar-falls-to-three-year-low-as-trumps-powell-threats-further-dent-investor-confidence.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/stocks\/global-stocks-markets-dow-news-04-21-2025-5bdd7935?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/us-stock-futures-drop-trump-takes-aim-powell-2025-04-21\/\" 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>ALSO- It\u2019s earnings week: <\/strong>Tesla will today kick off a more tense earnings season than usual for Big Tech as companies grapple with the impact of tariffs on their businesses and margins in their forecasts. Alphabet will follow with its earnings report on Thursday, while Apple, Meta, Microsoft, and Nvidia are expected to file earnings reports next week. <\/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.dubaiesportsfestival.com\/\" style=\"\" rel=\"noopener\">Dubai Esports and Games Festival<\/a><\/strong> <strong> will take place from Friday, 25 April to Sunday, 11<\/strong><strong> May <\/strong>at the Dubai World Trade Center. The festival features GameExpo, with interactive gaming zones and esports tournaments, alongside a summit hosting industry discussions on AI and Web3. The event includes networking sessions, workshops, and initiatives to support gaming talent development.<\/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.wtm.com\/atm\/en-gb.html\" style=\"\" rel=\"noopener\">Arabian Travel Market<\/a><\/strong><strong> is happening from Monday, 28 April to Thursday, 1 May<\/strong> at the Dubai World Trade Center. The event convenes all travel sectors and verticals, addressing industry challenges for tourism businesses and offering networking sessions. The conference\u2019s program focuses on hospitality, investment, sustainability, marketing, and technology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ifatca2025.com\/\" style=\"\" rel=\"noopener\">International Federation of Air Traffic Controllers' Associations (IFATCA) conference<\/a><\/strong><strong> will run from<\/strong><strong> Monday, 28 April to Friday, 2 May<\/strong> at the Adnec Center in Abu Dhabi. The conference brings together air traffic control professionals to discuss the air traffic management sector, focusing on capacity building, emerging technologies, and solutions to challenges faced by the industry.<\/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\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> 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        <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/dubai-inflation-hits-five-month-low-as-monthly-deflation-returns\/\">\r\n                            Dubai inflation hits five-month low as monthly deflation returns                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1339.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102839\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/dubai-inflation-hits-five-month-low-as-monthly-deflation-returns\/1339-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1339.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1339.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1339.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1339.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102838\" class=\"content-area-description single-story post-102838 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-dubai tag-economy tag-emirates-nbd tag-enterpriseam-uae tag-inflation tag-oil-and-gas tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.dbe20248-e40e-4757-b4c7-d13a88eaacc8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai<\/strong><strong>\u2019s <\/strong><strong>annual inflation eased to 2.79% y-o-y in March \u2014 the slowest pace<\/strong><strong> of <\/strong><strong>price growth since October<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1299.pdf\" style=\"\" rel=\"noopener\">Dubai Statistics Center (pdf)<\/a>. March\u2019s reading also marks a drop from the 3.15% recorded in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6a36cbdb-e4b2-4677-bb4c-6f2490adb68d\/Dubai%20inflation%20held%20steady%20at%203.15%25%20in%20February\" style=\"\" rel=\"noopener\">February<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The usual suspects are driving price growth: <\/strong>Prices for housing, water, electricity, gas, and other fuels \u2014 the largest component in the inflation basket \u2014 rose 7.16% in March, easing slightly from February\u2019s 7.36% increase but continuing to be the main driver of inflation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Segments seeing deflation: <\/strong>Transport prices, making up just over 9% of the index, fell 3.34% y-o-y in March, largely driven by a 9.9% drop in the cost of super 98 petrol compared to March 2024, according to Emirates NBD\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1305.pdf\" style=\"\" rel=\"noopener\">annual inflation report (pdf)<\/a>. The food and beverage, clothing and footwear, and information and communication sectors also recorded slight price drops.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a monthly basis<\/strong>, prices declined by 0.11%, registering the first instance of monthly deflation since July 2024, according to monthly figures from the statistics center\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1300.pdf\" style=\"\" rel=\"noopener\">monthly inflation report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Despite a 1Q inflation average reading of 3.0%, headline inflation is expected to continue to soften over the coming months, largely due to lower oil prices, making it likely that the transport segment will keep dragging down the reading, Emirates NBD suggested. Property prices are also showing signs of stabilizing, with rents up 8% for apartments and 20% for villas in 1Q, showing less signs of acceleration, while signs of broader deflation in the rest of the basket buoys its forecast of more moderate inflation throughout the rest of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How that compares: <\/strong>The bank maintains a full-year inflation forecast of 2.8% for Dubai, while the CBUAE has pencilled in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e95173c0-b4ed-49cf-8c38-460f770da475\/cbuae,-icaew-are-upbeat-on-the-uae%25e2%2580%2599s-growth-this-year\" style=\"\" rel=\"noopener\">2.0% inflation rate<\/a> for the UAE this year, matching the IMF\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/24f48f21-5d4d-4239-8a52-b17469802ca3\/imf-revises-uae%25e2%2580%2599s-gdp-growth-forecast-down-to-4%2525\" style=\"\" rel=\"noopener\">estimate<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102840\" 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=\"102840\">\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\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/\">\r\n                            Gulf Capital continues exit spree, offloads Kuiper stake                        <\/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\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/\" 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\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/')\">\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\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/\">\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=Gulf Capital continues exit spree, offloads Kuiper stake&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/\">\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\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/&title=Gulf Capital continues exit spree, offloads Kuiper stake\">\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=Gulf+Capital+continues+exit+spree%2C+offloads+Kuiper+stake+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F22%2Fgulf-capital-continues-exit-spree-offloads-kuiper-stake%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\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1354.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102841\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/1354-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1354.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1354.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1354.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1354.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102840\" class=\"content-area-description single-story post-102840 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-energy tag-enterpriseam-uae tag-gulf-capital tag-ma tag-ma-watch tag-oil-and-gas tag-private-equity 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\/.831daaaf-5197-42bd-a8e7-1b02d84497bb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gulf <\/strong><strong>Capital offloads Kuiper Group to India\u2019s Asian Energy Services:<\/strong> UAE-based private equity firm <a target=\"_blank\" href=\"https:\/\/www.gulfcapital.com\/\" style=\"\" rel=\"noopener\">Gulf Capital<\/a> has transferred its entire ownership stake in energy services provider Kuiper Group to Asian Energy Services, an energy and mining services provider listed on India\u2019s Bombay Stock Exchange and National Stock Exchange, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1301.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Asian Energy Services has now fully acquired Kuiper Group, having bought stakes from the founders of Kuiper and OCB Oilfield Services as well.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The transaction, financed through a combination of internal reserves and external borrowing, is expected to conclude within the next two months, the press release said. Asian Energy Services said in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1306.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> that the transaction came through an all-cash consideration transaction worth USD 9.3 mn, and will see the firm take over its global management team and working capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Way back when: <\/strong>In 2013, Gulf Capital acquired a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/emirates-gulfcapital-ocb\/uaes-gulf-capital-buys-stake-in-oil-field-services-firm-idUKL5N0BD29I20130213\/\" style=\"\" rel=\"noopener\">majority stake<\/a> in Dubai-based OCB Oilfield Services, an oil and gas offshore crew provider, and later expanded into Asia through the acquisition of Kuiper International.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuiper\u2019s Australian division was offloaded first<\/strong>, after Gulf Capital went ahead with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fbe1af24-7022-4993-b776-9ecbe5c3b7c0\/%253cmark%253egulf-capital%253c%2Fmark%253e-makes-second-exit-this-month-with-sale-of-kuiper-australia\" style=\"\" rel=\"noopener\">carve-out transaction<\/a> last year that shifted ownership to Kuiper\u2019s local Australian management team in a management buyout sale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This marks Gulf Capital's fourth recent exit<\/strong>, the first being its sale of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/921663fd-eb36-45eb-9f4d-c1ad80707a4b\/gulf-capital-offloads-stake-in%253cmark%253e-amcan%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">AmCan<\/a> in January of last year and the second being its exit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/156b85de-4520-403b-ab81-f1c73944b0a0\/open-banking-startup-tarabut-buys-london%E2%80%99s-vyne-%2B-gulf-capital-exits-middle-east-glass\" style=\"\" rel=\"noopener\">last year<\/a> from EGX-listed bottle maker Middle East Glass to Mena Glass Holdings, the company\u2019s majority shareholder.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three more exits to come?<\/strong> \u201c2025 is proving to be a productive year for Gulf Capital in terms of exits. In addition to today\u2019s exit from Kuiper Group, we are in the process of working on three other large exits which we hope to be announcing over the next two quarters,\u201d Gulf Capital CEO Karim El Solh told EnterpriseAM UAE.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-capital\/\">Gulf Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-equity\/\">private equity<\/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=\"102842 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=\"102842\">\r\n            \r\n       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id=\"102843\" 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=\"102843\">\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\">INFASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/uae-data-center-infrastructure-gets-a-boost-courtesy-of-khazna\/\">\r\n                            UAE data center infrastructure gets a boost courtesy of Khazna                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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\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\/22\/uae-data-center-infrastructure-gets-a-boost-courtesy-of-khazna\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1348.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102844\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/uae-data-center-infrastructure-gets-a-boost-courtesy-of-khazna\/1348-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1348.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1348.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1348.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1348.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102843\" class=\"content-area-description single-story post-102843 post type-post status-publish format-standard has-post-thumbnail hentry category-infastructure tag-artificial-intelligence tag-data-center tag-enterpriseam-uae tag-infastructure tag-khazna-data-centers tag-tech 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\/.84fb2254-256d-488e-92e4-59ae4f4cbd1a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai<\/strong><strong>-based Khazna Data Centers is boosting its UAE AI and cloud hosting <\/strong><strong>presence with two new data centers<\/strong>, AUH4 in Mafraq and AUH8 in Masdar City, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1312.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>We knew this was coming: <\/strong>Last year, Khazna signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c884ea93-4825-4b4c-981f-430104762869\/%253cmark%253ekhazna-%253c%2Fmark%253eto-develop-30-mw-mafraq-data-center\" style=\"\" rel=\"noopener\">Musataha agreement<\/a> to develop a 30 MW data center in Mafraq, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\" style=\"\" rel=\"noopener\">later in the year<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\" style=\"\" rel=\"noopener\"><\/a> CEO Hassan Al Naqbi said the firm was eyeing two additional 30 MW data centers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watts the capacity? <\/strong>AUH4, slated for completion in December 2026, and AUH8, set to be finished a few months earlier in August, will add a combined 60 MW in cloud hosting capacity. Meanwhile, the company\u2019s initial project phase of the 100 MW capacity QAJ1 center in Ajman is set to come in December 2026, the press release said \u2014 a push back from the previously announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-the-uae%25e2%2580%2599s-largest-data-center\" style=\"\" rel=\"noopener\">3Q 2025<\/a> completion date. The center will be equipped with liquid cooling and AI-powered energy management systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company forecasts \u201cunprecedented capacity demand,\u201d <\/strong>and currently holds a 74% market share in the UAE, with 24 data centers currently live and eight more under construction. UAE-wide data center capacity could double to 850 MW by 2029, CEO Hassan Al Naqbi previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/khazna-to-build-the-uae%25e2%2580%2599s-largest-data-center\" style=\"\" rel=\"noopener\">told The National<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It is also looking to f<\/strong><strong>urther expand regionally<\/strong>, with a USD 250 mn data center in Egypt, projects in Saudi Arabia, and potential expansion into Turkey and Southeast Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The company recently had a shareholder reshuffle<\/strong>, which saw e& <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/542ffd68-6f4c-4b5e-8a8d-94876ff3ade6\/mubadala,-silver-lake-take-nyse-listed-endeavor-private\" style=\"\" rel=\"noopener\">divest its stake<\/a> in Khazna to the tune of USD 2.2 bn, while Abu Dhabi\u2019s AI fund MGX and private equity firm Silver Lake <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/687f4e35-3585-46c7-9adc-a21f28150e5c\/e&-sells-stake-in%253cmark%253e-khazna%253c%2Fmark%253e,-while-mgx-buys-in\" style=\"\" rel=\"noopener\">picked up minority stakes<\/a> <strong>.<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/data-center\/\">Data center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infastructure\/\">INFASTRUCTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/khazna-data-centers\/\">Khazna Data Centers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102845\" 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=\"102845\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/uae-banks-are-the-most-resilient-among-gcc-peers-in-the-face-of-impacts-from-tariffs-sp-global-says\/\">\r\n                            UAE banks are the most resilient among GCC peers in the face of impacts from tariffs, S&amp;P Global says                        <\/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 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1065.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1065.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1065.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1065.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102845\" class=\"content-area-description single-story post-102845 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-banking tag-china tag-debt tag-enterpriseam-uae tag-investment tag-sp-global 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\/.78f07320-eb67-4e86-9f44-487f00f60249.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Strong net foreign asset position keeps UAE tariff-resilient:<\/strong> The UAE\u2019s banks have \u201cthe strongest net external asset position\u201d among GCC countries, which give banks in the country the highest resilience to any potential capital outflows resulting from current volatility in the market, global ratings agency S&P Global wrote in a research <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/250415-gcc-banks-can-cope-with-the-fallout-from-intensifying-trade-tensions-13468573\" style=\"\" rel=\"noopener\">note<\/a> last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Risks remain for the UAE \u2014 and for the GCC at large:<\/strong> GCC banks\u2019 reliance on high-quality fixed-income instruments will help keep the impact of the capital market volatility manageable for most banks in the region. However, banks that are active in private equity investment, debt, or capital market advisory services could see lower revenues resulting from the volatility in the market. A further drop in oil prices may also lead to \u201chigher pressure on banks\u2019 asset-quality indicators.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC banks are still resilient, and an increase in non-performing loans (NPLs) is unlikely<\/strong><strong> to impact banks\u2019 solvency.<\/strong> The region\u2019s top 45 banks had a NPL ratio of 2.9% by the end of 2024, and displayed \u201crelatively good\u201d profitability. Banks in the region had also set aside \u201cprovisions in excess of 150% of their stock of NPLs on the same date, which provides them with some cushion to absorb additional shocks.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&P outlined two separate scenarios for NPLs \u2014<\/strong> in the first scenario, NPLs see a 30% increase from the figure reported at year-end 2024 with an NPL ratio of 5%. The second scenario assumes a 50% increase in NPLs and sets the ratio at least at 7%. In both scenarios, the impact is below the USD 60 bn in net income that the top 45 banks in the GCC generated in 2024 \u2014 meaning that, <strong>even in S&P\u2019s worst-case scenario, any potential shocks are expected to only impact GCC banks\u2019 \u201cprofitability rather than their solvency.\u201d<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&P had already been bearish on UAE banks\u2019 profitability levels this year,<\/strong> predicting back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a4b2bf8c-68b1-47a7-8584-0a3ae4cd448e\/moody%25e2%2580%2599s-lowers-outlook-on-uae-banking-profitability,-while-penciling-in-5%2525-growth-for-the-non-oil-sector\" style=\"\" rel=\"noopener\">January<\/a> a slight decline in UAE banks\u2019 net incomes, following two years of high earnings buoyed by rising interest rates. Lending activity \u2014 growing at an average rate of 4.8% since 2019 \u2014 remains a key stabilizing factor for the sector, S&P Global said at the time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leading credit agencies seem to be in agreement on GCC banks\u2019 strong position in the <\/strong><strong>face of instability:<\/strong> Credit rating agency Fitch Ratings <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/68b258fd-99a5-469d-b2ba-984cc3ffa2b1\/gcc-banks-are-unlikely-to-be-impacted-by-trump-tariffs-%25e2%2580%2594-but-they-could-face-indirect-ramifications,-fitch-says\" style=\"\" rel=\"noopener\">sees<\/a> the recently implemented US tariffs having a limited effect on GCC banks\u2019 operating environments, as GCC exports to the US remain largely limited to hydrocarbon exports, which are exempt from tariffs \u2014 however, lower oil prices and weaker global demand are cited as the primary risks for banks\u2019 operating environments in the GCC, with the tariffs potentially spurring an additional drop in oil prices, which could weaken Fitch\u2019s lending growth forecasts.<\/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\">Banks will continue to tap debt markets-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC banks are expected to remain active in the bond and sukuk markets despite recen<\/strong><strong>t volatility<\/strong> triggered by the tariffs, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/gcc-issuers-offer-safe-haven-and-will-navigate-tariff-volatility-lkdsox9g\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing State Street Global Advisors\u2019 Karine Kheirallah. Despite a lull at the start of the month, banks are set to go ahead with issuances according to their funding plans, she added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The region\u2019s strong banking sector and fiscal buffers put it in a strong position<\/strong>, particularly if the US Federal Reserve begins cutting interest rates, Kheirallah said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE has emerged as the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6e54a64-e2e0-4b93-89c6-57457f47ecce\/uae-assets,-including-sukuk,-are-becoming-an-investor-favorite-amid-global-headwinds\" style=\"\" rel=\"noopener\">world\u2019s top-performing sukuk m<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6e54a64-e2e0-4b93-89c6-57457f47ecce\/uae-assets,-including-sukuk,-are-becoming-an-investor-favorite-amid-global-headwinds\" style=\"\" rel=\"noopener\">arket<\/a><\/strong><strong> since Trump\u2019s return<\/strong> to the White House, outpacing even the US. Assets of emerging markets with strong domestic fundamentals like the UAE have been viewed to be tariff-safe, with January alone seeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ee0032b0-effd-46af-8136-254161aa6127\/investors-look-to-emerging-markets-for-tariff-safe-assets\" style=\"\" rel=\"noopener\">USD 35.4 bn in portfolio flows to EMs<\/a>, with most directed toward debt.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"102847\" 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=\"102847\">\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\">LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/gcc-countries-looks-to-scrap-new-imo-levy-before-it-takes-effect-in-october\/\">\r\n                            GCC countries looks to scrap new IMO levy before it takes effect in in October                        <\/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\/22\/gcc-countries-looks-to-scrap-new-imo-levy-before-it-takes-effect-in-october\/\" 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 countries also indicated that they are looking to torpedo the proposed plans ahead of a final vote in October.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The IMO approved draft amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) that would force the global shipping industry \u2014 which is responsible for 3% of world\u2019s GHG emissions \u2014 to reduce and pay for a portion of its emissions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/03bd3354-54aa-418b-bbc6-59e924ed9126\/%253cmark%253eimo%253c%2Fmark%253e-pushes-ahead-with-emissions-levy-on-shipping\" style=\"\" rel=\"noopener\">last week<\/a>. The new rules \u2014 set to be formally adopted this October \u2014 will take effect by 2027 and apply to ships over 5k gross tonnes, covering 85% of international shipping\u2019s emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it will work: <\/strong>The draft sets two escalating emissions targets, requiring gradual cuts to ships\u2019 GHG fuel intensity. A stricter standard mandates a 17% cut by 2028 from 2008 levels, increasing to 21% by 2030 and 43% by 2035, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d614416a-1ee2-44da-b6c4-fa4b064d6349\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Friday. Ships that fail to meet this strict target would pay USD 100 per excess tonne of CO2 equivalent. The softer target would see cuts by 4% by 2028 and 8% by 2030, increasing to 30% by 2035, but failure to meet this level would result in steeper fees of up to USD 380 per excess tonne. The system also allows for credit trading, with compliant vessels able to sell credits to those that fall short.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC countries are not happy:<\/strong> A Saudi-led coalition of 15 member-states opposed the slightly higher original baseline and \u201c[objected] to the selection of any price per unit of carbon\u201d in a statement to the IMO cited by Mees. The statement indicated that a proposed tax would unproportionally \u201cendanger exports from developing countries,\u201d as it would lead to a hike in global prices for goods shipped by sea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> The statement proposes that the system of credits \u2014 as agreed upon in the draft \u2014 remains, rewarding those who exceed IMO targets with credits and penalizing those who do not with \u201cgradual cost increases.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proposed tax is expected to hit GCC countries from two angles<\/strong>, undermining demand for marine fuels derived from oil and increasing the overall cost of shipping crude oil globally. As it stands, a standard 2 mn barrel of VLCC travelling from the Gulf to China could face charges of USD 1.6 mn in the first year of the tax\u2019s implementation, according to MEES calculations based on Kpler data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The GCC isn\u2019t alone:<\/strong> Sixteen countries voted against the draft \u2014 nine of which were from our region, including Iran, Iraq, Jordan, Yemen, Oman, Bahrain, Saudi Arabia, Qatar, and the UAE. The draft was passed with support from 63 countries including China and Brazil \u2014 which were previously reported in February to formally oppose the levy.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/carbon-emissions\/\">carbon emissions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/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=\"102849\" 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=\"102849\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/rak-ing-it-in-22-7-bottom-line-uptick-for-rakbank\/\">\r\n                            Rak-ing it in \u2014 22.7% bottom line uptick for Rakbank                        <\/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\/22\/rak-ing-it-in-22-7-bottom-line-uptick-for-rakbank\/\" 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 bank\u2019s total operating income rose 10.7% y-o-y to AED 1.3 bn, supported by a robust balance sheet and higher non-interest income, the bank said in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1310.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Customer deposits rose 18.2% y-o-y to AED 61 bn.<\/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\/national-bank-of-ras-al-khaimah\/\">National Bank of Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102851\" 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=\"102851\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/\">\r\n                            IFS appoints new MEA head to drive regional growth + UAE gets new special envoy for business and philanthropy                        <\/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\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/\" 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\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/')\">\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\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/\">\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=IFS appoints new MEA head to drive regional growth + UAE gets new special envoy for business and philanthropy&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/\">\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\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/&title=IFS appoints new MEA head to drive regional growth + UAE gets new special envoy for business and philanthropy\">\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=IFS+appoints+new+MEA+head+to+drive+regional+growth+%2B+UAE+gets+new+special+envoy+for+business+and+philanthropy+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F22%2Fifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy%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\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1343.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102852\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/ifs-appoints-new-mea-head-to-drive-regional-growth-uae-gets-new-special-envoy-for-business-and-philanthropy\/1343-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1343.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1343.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1343.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1343.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102851\" class=\"content-area-description single-story post-102851 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-ajman tag-enterpriseam-uae tag-foreign-affairs-ministry tag-moves tag-tech 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\/.5d61fe06-a7fd-40c1-95ba-ac1cd7f9824b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan tapped <strong><a target=\"_blank\" href=\"https:\/\/www.crescent.ae\/badr-jafar.html\" style=\"\" rel=\"noopener\">Badr Jafar<\/a><\/strong> as<strong> Special Envoy<\/strong><strong> for Business and Philanthropy<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2025\/4\/21\/21-4-2025-uae-sheikh-abdullah\" style=\"\" rel=\"noopener\">statement<\/a>. Jafar will focus on upping the UAE's engagement with global businesses and philanthropic communities, and strengthening the role of the private sector in achieving these objectives. Jafar currently serves as CEO of <a target=\"_blank\" href=\"https:\/\/www.crescententerprises.com\/\" style=\"\" rel=\"noopener\">Crescent Enterprises<\/a> and Chairman of <a target=\"_blank\" href=\"https:\/\/www.gulftainer.com\/\" style=\"\" rel=\"noopener\">Gulftainer<\/a>, and also holds an advisory role with the UN Secretary-General\u2019s High-Level Panel on Humanitarian Financing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Swedish AI-focused software developer <strong><a target=\"_blank\" href=\"https:\/\/www.ifs.com\/\" style=\"\" rel=\"noopener\">IFS<\/a><\/strong> appointed <strong>Rahul Misra<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rahulmisra71\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>Senior Vice President and Managing Director for its Middle East and Africa operations<\/strong>, replacing Mehmood Khan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mehmood-khan-964a8218\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) who is moving on to a wider executive role, according to a <a target=\"_blank\" href=\"https:\/\/www.ifs.com\/news\/corporate\/ifs-appoints-rahul-misra-as-svp-md\" style=\"\" rel=\"noopener\">press release<\/a>. Misra, who previously led Oracle\u2019s cloud applications business in the Gulf and South Africa, will oversee IFS\u2019 regional growth strategy and expansion. His appointment comes as the company sees momentum in markets like Saudi Arabia, the UAE, and Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Earlier this month, a subsidiary of the Abu Dhabi Investment Authority agreed to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b8091cc9-25c1-42a0-a245-f522e5505984\/adia-buys-stake-in-swedish-erp-firm-ifs\" style=\"\" rel=\"noopener\">acquire a minority stake in IFS<\/a>, valuing the company at over EUR 15 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/www.7x.ae\/\" style=\"\" rel=\"noopener\">7X<\/a> \u2019s financial arm <strong><a target=\"_blank\" href=\"https:\/\/www.fintx.ae\/\" style=\"\" rel=\"noopener\">Fintx<\/a><\/strong> has named <strong>Malaz <\/strong><strong>Mubaid<\/strong><strong> (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/malaz-mubaid-31587795\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>)<\/strong> as the<strong> CEO of its subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wallstreet.ae\/\" style=\"\" rel=\"noopener\">Wall Street Exchange<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/fintx-appoints-malaz-mubaid-as-ceo-of-wall-street-exchange-e06p5q1w\" style=\"\" rel=\"noopener\">press release<\/a>. Mubaid \u2014 who recently served as head of retail operations and business development at the Wall Street Exchange \u2014 has over 19 years of experience in financial services and will focus on scaling operations, improving efficiency, and broadening the service portfolio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The Ruler of Ajman Sheikh Humaid bin Rashid Al Nuaimi appointed <strong>Saif Ahmed Musabah Al <\/strong><strong>Suwaidi<\/strong> as <strong>director-general of the Department of Economic Development<\/strong> in the emirate\u2019s government, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjagcai-humaid-bin-rashid-issues-resolution-appointing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Al Suwaidi brings over 29 years of experience in public service, including roles as under-secretary at the Human Resources and Emiratization Ministry and Emiratization Affairs Ministry. <\/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\/ajman\/\">Ajman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/foreign-affairs-ministry\/\">Foreign Affairs Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"102853\" 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=\"102853\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/asb-capital-and-state-street-global-advisors-to-launch-a-shariah-compliant-global-equity-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"102854\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/asb-capital-and-state-street-global-advisors-to-launch-a-shariah-compliant-global-equity-fund\/157-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"157.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102853\" class=\"content-area-description single-story post-102853 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ai tag-also-on-our-radar tag-capital-markets tag-edge-group tag-emirates-nbd tag-enterpriseam-uae tag-etihad-airways tag-gulf-mercantile-exchange tag-healthcare tag-microsoft tag-real-estate tag-transport tag-uae-china-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\/.2e031cf1-a44f-4d99-b770-f74f5192f79e.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\"> CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- <\/strong><strong>A new fund in town:<\/strong> Al Salam bank-backed asset management firm ASB Capital, which launched in Dubai <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d07728db-30bd-4907-9ef6-6695c8e8da7c\/masdar,-adnoc-partner-up-with-french-firms-for-renewables-initiatives-in-africa-%2B-asia\" style=\"\" rel=\"noopener\">in February<\/a> with USD 4.5 bn in AUM, is teaming up with global investment management firm State Street Global Advisors (SSGA) to launch a shariah-compliant global equity fund, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/asbcapital_state-street-press-release-activity-7317792853072498688-ZoiW\/\" style=\"\" rel=\"noopener\">statement<\/a>. The fund will be benchmarked against the Dow Jones Islamic World Index. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Aimed at institutional investors, family offices, and individuals, the fund will offer access to a diverse range of shariah-compliant stocks from around the world. It will be managed by SSGA\u2019s Active Fundamental Equity team, which oversees USD 18 bn in assets, and will be based in the Dubai International Financial Center (DIFC).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfmerc.com\/\" style=\"\" rel=\"noopener\">Gulf<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfmerc.com\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfmerc.com\/\" style=\"\" rel=\"noopener\">Mercantile Exchange<\/a><\/strong><strong> (GME) and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shfe.com.cn\/eng\/\" style=\"\" rel=\"noopener\">Shanghai Futures Exchange<\/a><\/strong><strong> (SHFE) inked<\/strong><strong> an MoU<\/strong> <strong>to strengthen collaboration between the Middle East and China\u2019s derivatives markets<\/strong>, GME announced in a <a target=\"_blank\" href=\"https:\/\/www.gulfmerc.com\/press-release\/gulf-mercantile-exchange-and-shanghai-futures-exchange-sign-memorandum-understanding-strengthen-cross-regional-cooperation\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement covers areas including product cooperation, educational programs for market participants, knowledge sharing on market development, regulation, and infrastructure, research support, and personnel exchange. The agreement comes as the two sides look to establish more regionally relevant commodities benchmarks.<\/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\"> HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Abu Dhabi Health Department (DoH) signed an MoU with Microsoft to co-develop <\/strong><strong>an <\/strong><strong>AI driven \u201cpopulation health intelligence\u201d system<\/strong> on the sidelines of the Abu Dhabi Global Health Week, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/department-of-health-abu-dhabi-signs-a-mou-with-microsoft-w7mbdq6r\" style=\"\" rel=\"noopener\">press release<\/a>. The initiative seeks to integrate AI into the Abu Dhabi digital healthcare ecosystem to proactively detect health challenges and provide personalized, context-aware recommendations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Abu Dhabi\u2019s government previously collaborated with Microsoft to accelerate <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/7c375509-1cbf-4c0a-b231-9812f7bb8d46\" style=\"\" rel=\"noopener\">AI-driven government transformation<\/a>, whilst the US tech giant also partnered with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a46d89e-cbc0-4c25-8013-999ecec20c41\/adnh-catering-finalizes-food-nation-catering-services-acquisition\" style=\"\" rel=\"noopener\">Digital Dubai<\/a> on an AI training program for government employees.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Sharjah, Roche partner on healthcare innovation: <\/strong><a target=\"_blank\" href=\"https:\/\/srtip.ae\/\" style=\"\" rel=\"noopener\">Sharjah Research, Technology<\/a><a target=\"_blank\" href=\"https:\/\/srtip.ae\/\" style=\"\" rel=\"noopener\">, and Innovation Park<\/a> (SRTIP) signed an MoU with <a target=\"_blank\" href=\"https:\/\/www.roche.com\/\" style=\"\" rel=\"noopener\">Roche Diagnostics Middle East<\/a> (RDME) to develop digital and AI-powered solutions for personalized healthcare, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1304.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Initiatives will include innovation hubs and accelerator programs, and make use of Roche\u2019s expertise and SRTIP\u2019s infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Burjeel Cancer Institute launched the Burjeel Breast <\/strong><strong>Center<\/strong><strong> to enhance care for <\/strong><strong>women with breast tumors at Burjeel Medical City<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/burjeel-cancer-institute-unveils-new-breast-center-to-elevate-womens-cancer-care-ye0d4r6o\" style=\"\" rel=\"noopener\">press release<\/a>. In parallel, the Institute launched the UAE\u2019s first specialized cancer pharmacy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Fuze receives payments license: <\/strong>The Central Bank of the UAE (CBUAE) granted blockchain infrastructure provider Fuze a retail payment services and card schemes license, the firm said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/fuze-secures-uae-payment-license-to-launch-next-gen-digital-payment-infrastructure-utci5gyp\" style=\"\" rel=\"noopener\">press release<\/a>. The company is set to roll out a new suite of payment products for businesses that offer features like fraud detection, merchant tools, and virtual IBANs. Fuze also holds a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/710fa1c7-9c44-46ce-a5bf-392f030b27dd\/lots-of-digital-payments-%2B-fintech-updates.-plus:-new-food-sustainability-roadmap-%2B-updates-from-sharjah-ports,-strategic-development-fund,-and-emirates-airlines\" style=\"\" rel=\"noopener\">virtual assets service provider license<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Emirates <\/strong><strong>NBD, Kinexys Liink on cross-border payment security: <\/strong>Emirates NBD has joined <a target=\"_blank\" href=\"https:\/\/www.jpmorgan.com\/kinexys\/liink\" style=\"\" rel=\"noopener\">Kinexys Liink<\/a> \u2014 a blockchain-based peer-to-peer data sharing network developed by JP Morgan \u2014 as part of efforts to make cross-border payments more secure, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\/media-center\/emirates-nbds-strategic-collaboration-with-kinexys\" style=\"\" rel=\"noopener\">press release<\/a>. Through the network\u2019s Confirm application, the bank will offer participating banks and financial institutions account validation services for UAE-based accounts, aiming to reduce payment errors, boost processing efficiency, and cut operational costs.<\/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\"> REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Sotheby\u2019s Realty launches HNWI service: <\/strong><a target=\"_blank\" href=\"https:\/\/www.sothebysrealty.com\/eng\" style=\"\" rel=\"noopener\">Dubai Sotheby\u2019s International<\/a><a target=\"_blank\" href=\"https:\/\/www.sothebysrealty.com\/eng\" style=\"\" rel=\"noopener\">Realty<\/a> is targeting high and ultra-high-net-worth individuals through a new private client service in the region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-sothebys-international-realty-introduces-the-first-private-client-service-in-the-region-g72eppaz\" style=\"\" rel=\"noopener\">press release<\/a> <strong>.<\/strong> Headed up by Emmanuel Aymes (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/emmanuel-aymes-263b76112?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the service will provide expert and tailored guidance on real estate acquisition, management, and investment, to clients in the UAE, UK, and Saudi Arabia \u2014 the \u201cgolden triangle\u201d of real estate. A financial and legal team will facilitate cross-border transactions and financial solution structuring.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> Kuwaiti real estate firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.altijaria.com\/\" style=\"\" rel=\"noopener\">Al Tijaria<\/a><\/strong> <strong> invested AED 88 bn in Dubai\u2019s real estate sector \u201c<\/strong>to establish or acquire opportunities,\u201d in collaboration with one of its strategic partners, CEO Abdulmutaleb Marafie said in a CNBC Arabia interview (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/136953\/2025\/21\/04\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%86%D8%A7-88-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D8%B1%D9%87%D9%85-%D9%85%D8%B9-%D8%B4%D8%B1%D9%8A%D9%83-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A-%D9%81%D9%8A-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA-%D9%81%D9%8A-%D8%AF%D8%A8%D9%8A\" style=\"\" rel=\"noopener\">watch, runtime: 2:39<\/a>). <\/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\"> TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More electric<\/strong><strong> taxis to launch in Dubai: <\/strong>Dubai Taxi and Al Futtaim Electric Mobility have partnered to deploy 200 all-electric <a target=\"_blank\" href=\"https:\/\/www.byd.com\/eu\/electric-cars\/seal\" style=\"\" rel=\"noopener\">BYD SEAL<\/a> taxis in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-taxi-company-partners-with-al-futtaim-electric-mobility-to-deploy-200-all-electric-byd-seals-taxis-across-dubai-rkd5g7d8\" style=\"\" rel=\"noopener\">press release<\/a>. The move comes as part of Dubai Taxi\u2019s goal to convert its entire fleet to electric vehicles by 2040, and Al Futtaim Automotive\u2019s goal to make hybrid and electric cars account for at least <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0aa261e-4331-4fb4-ad6c-0182d0fb5ddb\/\" style=\"\" rel=\"noopener\">50% of its UAE sales by 2030<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>UAE\u2019s Al Futtaim Family Office invested an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5731030d-6bff-43c8-970b-b562bd5da131\/al-futtaim-invests-in-automaker%253cmark%253e-byd%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">undisclosed amount<\/a> in Chinese EV giant BYD\u2019s USD 5.6 bn share sale last month, which marked the largest equity follow-on offering in the automotive sector in the past ten years. The investment asserted Al Futtaim as a \u201cstrategic partner\u201d of BYD, with a focus on expanding the presence of both entities within the sustainable transportation and advanced technologies markets.<\/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\"> AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad <\/strong><strong>Airways to launch new Kenya service:<\/strong> Abu Dhabi-based Etihad Airways is set to double its flights from Abu Dhabi to Nairobi to operate 14 weekly services as of 15 December 2025, according to a <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-us\/news\/etihad-grows-footprint-in-africa-as-flights-to-nairobi-double\" style=\"\" rel=\"noopener\">statement<\/a>. The carrier will expand its services to Africa to tap into the continent's growing market potential, with plans to add additional services to the Seychelles in May as well as Morocco's Casablanca and South Africa\u2019s Johannesburg in August. The airline will also be launching new services to Egypt\u2019s Al Alamein in September, Ethiopia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a13171b-c095-4815-908b-5180b4497a00\/singapore-based-creator-management-firm-gushcloud-plans-biggest-office-in-abu-dhabi-%2B-green-hydrogen-powered-buses-coming-to-dubai%3F\" style=\"\" rel=\"noopener\">Addis Ababa in October<\/a> and Algeria\u2019s Algiers and Tunisia\u2019s Tunis in November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A closer look:<\/strong> Etihad also inked a codeshare agreement with Air Seychelles to collaborate on six flights per week between Abu Dhabi and Mahe, effective from May 2025.<\/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\"> DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge\u2019s Caracal to manufacture small arms in India:<\/strong> Edge Group\u2019s small arms manufacturer, Caracal, partnered with the Indian manufacturer ICOMM Tele to develop a small arms manufacturing facility at ICOMM\u2019s Integrated Engineering Facility in Hyderabad, according to a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/caracal-and-icomm-inaugurate-state-art-small-arms-manufacturing-facility-hyderabad-under-make\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The facility will produce a range of advanced firearms\u2014including rifles, pistols, and submachine guns\u2014to meet the needs of the Indian Armed Forces, Central Armed Police Forces, Special Forces, State Police, and the Special Protection Group. It will also support Caracal\u2019s global export demands.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-mercantile-exchange\/\">Gulf Mercantile Exchange<\/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\/microsoft\/\">Microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-china-relations\/\">UAE-China 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=\"102855\" 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=\"102855\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/chinas-rare-metals-restrictions-threaten-car-manufacturers\/\">\r\n                            China's rare metals restrictions threaten car manufacturers                        <\/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\/22\/chinas-rare-metals-restrictions-threaten-car-manufacturers\/\" 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 full impact of these latest controls is still unclear, but carmakers are already raising concerns based on current stockpiles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s happening? <\/strong>The new controls now encompass seven heavy and medium rare earths, such as dysprosium, terbium, and samarium, vital for manufacturing electric vehicles and wind turbines. These controls expand on measures that have been implemented by China since 2023 in response to US restrictions on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2b79af07-12dd-4d43-84cd-afd22a2aa6fb\/the-us-is-trying-to-curb%253cmark%253e-china%253c%2Fmark%253e%25e2%2580%2599s-chipmaking-industry.-western-companies-are-paying-the-price.\" style=\"\" rel=\"noopener\">chip technology<\/a>, requiring exporters to obtain licenses for each overseas shipment and banning re-exports to the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new controls came after US President Trump <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/trump-signs-order-launching-probe-into-reliance-imported-critical-minerals-2025-04-15\/\" style=\"\" rel=\"noopener\">launched a probe<\/a><\/strong><strong> into mineral and <\/strong><strong>product imports last week<\/strong>, to assess the need for higher tariffs. Findings are due within 180 days, which could override the tariffs imposed last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beijing\u2019s strategy: <\/strong>The expanded measures are understood to be a response to the 145% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a5d65f85-d7b8-4abe-ac75-282e08d7e86b\/%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253echina%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ebraces%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efight%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eend%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eagainst%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eus%253cmark%253e%253c%2Fmark%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253etariffs%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e\" style=\"\" rel=\"noopener\">tariff hike<\/a> levied by the Trump administration on Chinese goods, in a bid to pressure US companies to lobby Washington into changing tariff policies, an unnamed senior automotive executive told the financial publication.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The implications could be severe: <\/strong>EV automakers were caught off guard, with suppliers holding only 2-3 months\u2019 worth of magnets, causing \u201cgenuine problems\u201d in the automotive supply chain, said Jan Giese, Frankfurt-based Tradiu\u2019s Senior Manager for Minor Metals and Rare Earth Elements. An unnamed Japanese government official echoed the same concern, telling the salmon-colored paper that there\u2019s not enough time to establish alternative supply chains before current stockpiles are exhausted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIt\u2019s really kind of tough all the way around,\u201d <\/strong>S&P Global auto analyst Stephanie Brinley told Politico's <a target=\"_blank\" href=\"https:\/\/www.eenews.net\/articles\/how-a-trade-war-could-move-american-evs-out-of-reach\/\" style=\"\" rel=\"noopener\">E&E News<\/a>. The projected 700k drop in US car sales this year makes it comparable to the tough markets of the 2009 recession and the 2020 pandemic, Brinely said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>China holds a near monopoly on heavy rare earths processing, and the imposed export controls cover medium and heavy rare earths \u2014 materials that are difficult and costly to extract, both financially and environmentally \u2014 Giese told the Financial Times.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breaking the monopoly: <\/strong>Japan and other nations are pinning hopes on Australia\u2019s <a target=\"_blank\" href=\"https:\/\/lynasrareearths.com\/\" style=\"\" rel=\"noopener\">Lynas<\/a>, as the rare earth mining company is set to expand its Malaysian processing site to produce dysprosium and terbium by mid-2025.<\/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 slightly inching down this morning<\/strong>, affected by Wall Street losses after Trump\u2019s attacks on the Fed. Hong Kong\u2019s Hang Send is down 0.6%, while Japan\u2019s Nikkei is down 0.1%, and Shanghai Composite is slightly up 0.2%. <strong>Meanwhile, US futures are on the rise<\/strong>, signalling potential recovery when markets open.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<thead>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9272<\/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: -1.6%)<\/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>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\">5104<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4113<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -1.2%)<\/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<\/thead>\n<tbody><\/tbody>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% 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\">11,549<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: -4.1%)<\/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>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,063<\/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: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5158<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.4% (YTD: -12.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8276<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"> 0.0% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4935<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +0.8%)<\/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>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 66.3<\/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\">-2.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.1<\/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%<\/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 3442.90<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 87,101.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.7% (YTD: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.2% yesterday<\/strong> on turnover of AED 292 mn. The index is down 1.1% 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>Ithmaar Holding (+15%), Ekttitab Holding (+14.4%) and United Foods (+8.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National Cement (-9.9%), Dubai Refreshment (-6.9%) and Dubai Islamic Ins. and Rein. Co. (-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 fell 0.1% on turnover of AED 665.9 mn. Meanwhile, Nasdaq Dubai was up 0.2%.<\/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>Amlak Finance will divest its investments outside the UAE<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1328.pdf\" style=\"\" rel=\"noopener\">DFM disclosure<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1328.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The move comes in line with a UAE Central Bank regulation requiring finance companies to offload assets not tied to their core business activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The company\u2019s general assembly approved the sale of some of its investment properties, including its holdings in Dubai\u2019s Ras Al Khor in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c6edd3aa-2241-43a5-a6d1-8057b5431b35\/singapore-based-usd-54-bn-firm-seviora-opens-office-in-abu-dhabi-%2B-adgm-to-develop-tokenization-framework\" style=\"\" rel=\"noopener\">March<\/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=\"102857\" 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=\"102857\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/uae-pakistan-formalize-cooperation-with-new-business-council\/\">\r\n                            UAE, Pakistan formalize cooperation with new business council                        <\/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\/22\/uae-pakistan-formalize-cooperation-with-new-business-council\/\" 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 two foreign ministers signed an MoU to establish a joint consular affairs committee and an agreement to increase cultural cooperation. They also witnessed the signing of an MoU to create a UAE-Pakistan business council.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and the Philippines signed a bilateral security agreement aimed at enhancing<\/strong><strong> joint efforts to combat crime<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjagcm8-saif-bin-zayed-meets-philippine-interior-minister\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Deputy Prime Minister and Interior Minister Sheikh Saif bin Zayed Al Nahyan and Philippine Secretary of the Interior Victor Remulla also discussed strengthening ties, particularly in policing and security.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pakistan\/\">Pakistan<\/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-pakistan-relations\/\">UAE-Pakistan 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=\"102859\" 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\/22\/102859-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-102859\" class=\"content-area-description single-story post-102859 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>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>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>21-23 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spe-events.org\/gotech\" style=\"\">GOTECH 2025<\/a><\/span><span>, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>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:\/\/www.ifatca2025.com\/\" 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;\">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>30 April-2 May (Wednesday -Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bj82lsp-fujairah-international-conference-adventures\" style=\"\">Fujairah International Conference of Adventures Tourism<\/a><\/span><span style=\"font-weight:400;\">, Fujairah Adventures Centre<\/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>30 April - 1 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bsg.ae\/en\/bx-2025\" style=\"\">The Behavioural Exchange 2025 Conference (BX2025)<\/a><\/span><span style=\"font-weight:400;\">, the New York University Abu Dhabi<\/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>12-13 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifintechsummit.com\/get-involved\/?utm_source=google&utm_medium=pmax&utm_campaign=delegates&matchtype=&keyword=&cid=22130504598&agid=&device=c&placement=&creative=&utm_source=google&utm_medium=cpc&utm_campaign=&utm_term=%7Bterm%7D&hsa_acc=9679358392&hsa_cam=22130504598&hsa_grp=&hsa_ad=&hsa_src=x&hsa_tgt=&hsa_kw=&hsa_mt=&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=CjwKCAjwwe2_BhBEEiwAM1I7sZBoLRwiAePtCqwg6Av7xnOjV4Umt1wxGTXZRcyvF7rlO1aDEDrJnBoC9jkQAvD_BwE\" style=\"\">Dubai FinTech 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>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\u201314 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cmtevents.com\/aboutevent.aspx?ev=250510\" style=\"\">Low Carbon Fuels MENA Summit<\/a><\/span><span style=\"font-weight:400;\">, Sheraton Dubai Creek Hotel & Towers, Dubai.<br \/><\/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>23 April (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bj82lsn-dubai-week-expands-agenda-with-global-events\" style=\"\">The HIMSS Executive Summit 2025<\/a><\/span><span style=\"font-weight:400;\">, Jumeirah Emirates Towers.<\/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>28-31 May: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bj3wkk2-moccae-launches-inaugural-emirates-agriculture\" style=\"\">The Emirates Agriculture Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center Al Ain, 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;\">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>1-2 October (Thursday-Friday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wges.ae\/\" style=\"\">World Green Economy Summit (WGES)<\/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>30 September - 2 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wetex.ae\/en\/about\" style=\"\">The Water, Energy, Technology, and Environment Exhibition (WETEX)<\/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>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 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>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>Plus: Gulf issuers are set to remain active in debt markets, with Masdar and AD Ports both eyeing debt issuances<\/p>\n","protected":false},"featured_media":102834,"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-102833","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d5014a33-0419-499e-9f23-59e0bf412300","teaser":"Plus: Gulf issuers are set to remain active in debt markets, with Masdar and AD Ports both eyeing debt issuances","photo_url":"https:\/\/ent.news\/2024\/12\/2511.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 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