{"id":103092,"date":"2025-04-29T00:00:00","date_gmt":"2025-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=103092"},"modified":"2025-12-15T03:35:49","modified_gmt":"2025-12-15T03:35:49","slug":"more-appetite-for-uae-sukuk-as-adnoc-taps-islamic-debt-markets-for-the-first-time","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/more-appetite-for-uae-sukuk-as-adnoc-taps-islamic-debt-markets-for-the-first-time\/","title":{"rendered":"More appetite for UAE sukuk as Adnoc taps Islamic debt markets for the first time"},"content":{"rendered":"<section id=\"103094\" 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=\"103094\">\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\/29\/this-morning-khazna-data-centers-eyes-ksa-expansion-shurooq-expands-tourism-hospitality-portfolio-with-two-new-projects\/\">\r\n                            THIS MORNING: Khazna Data Centers eyes KSA expansion + Shurooq expands tourism, hospitality portfolio with two new projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/this-morning-khazna-data-centers-eyes-ksa-expansion-shurooq-expands-tourism-hospitality-portfolio-with-two-new-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Plus: There\u2019s major news for crypto, as ADQ, IHC, and First Abu Dhabi Bank team up on an AED-pegged stablecoin. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The crypto theme continues with more details on MGX\u2019s investment plans<\/strong>, which include pouring some USD 8-10 bn a year in investments, with a focus on the US. Let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Time to say goodbye to the outdoors for good?<\/strong> Dubai's mercury hits 42\u00b0C during the day with overnight lows of 30\u00b0C. In Abu Dhabi, afternoon temperatures will reach 37\u00b0C and will cool down overnight to 28\u00b0C.<\/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>Dubai<\/strong><strong>-based<\/strong><strong> Khazna Data Centers is planning an expansion drive in Saudi Arabia<\/strong>, aiming to capture at least 25% of the kingdom\u2019s growing data center market, CEO Hassan Alnaqbi told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-28\/dubai-data-center-leader-plans-saudi-push-after-silver-lake-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Khazna controls about 71% of the UAE\u2019s existing data center capacity, and, in addition to European expansion plans, its 12 data centers under construction include sites in Turkey and Kenya.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The firm has picked two sites for expansion where local Saudi firms don\u2019t have the capacity required by the increasing number of US hyperscalers \u2014 large cloud service and data center providers \u2014 that are looking to the Gulf\u2019s cheap energy and real estate for expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Backed by an implied USD 5.5 bn valuation following a stake sale to private equity firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/687f4e35-3585-46c7-9adc-a21f28150e5c\/e&amp;-sells-stake-in%253cmark%253e-khazna%253c%2Fmark%253e,-while-mgx-buys-in\" style=\"\" rel=\"noopener\">Silver Lake and AI fund MGX<\/a>, Khazna is positioning itself as a sector heavyweight just as Saudi Arabia mandates local data storage for personal and financial data in a bid to bring international companies\u2019 data facilities to the kingdom.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- Sharjah Investment and Development Authority (Shurooq) is expanding its <\/strong><strong>tourism and hospitality portfolio with two new projects<\/strong>, set to boost its portfolio to a value of AED 850 mn, CEO Ahmed Al Qaseer told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/137242\/2025\/28\/04\/%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1---%D8%B4%D8%B1%D9%88%D9%82-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D9%81%D9%86%D8%AF%D9%82%D9%8A%D8%A9-%D9%88%D8%B3%D9%8A%D8%A7%D8%AD%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-850-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D8%B1%D9%87%D9%85-\" style=\"\" rel=\"noopener\">watch, runtime: 2:44<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Among the upcoming launches is the Nomad Hotel, a 25-cabin development in the Kalba mountains that is set to be finished within two months. Shurooq is also partnering with global operator Lux to open two hotels, Lux Khorfakkan with a 40-room capacity and another 35-room hotel inside Sharjah Safari, both set to open in 1H 2026. Shurooq is also currently developing the Mleiha National Park.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Ras <\/strong><strong>Al Khaimah Economic Zone (Rakez) recorded <\/strong><strong>3.7k<\/strong><strong> new business registrations<\/strong><strong> in 1Q 2025<\/strong>, marking a 23% y-o-y increase, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjemdaf-rakez-welcomes-3676-new-companies-2025\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Service-oriented businesses, accounting for 38% of total registrations, commercial activities at 26%, and general trading at 13% were the sectors driving the growth. Foreign investors to the economic zone came primarily from India, Pakistan, the UK, Egypt, and France. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- Ras Al Khaimah Department of Economic Development (RAKDED) issued 644 new<\/strong><strong> licenses in 1Q 2025<\/strong>, marking a 15.6% y-o-y increase, according to Director of the Commercial Affairs Department Amina Qahtan Al Shehhi, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjemdj7-rakded-new-licences-grow-156-q1-2025\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown of new licenses included professional licenses at 24.4%<\/strong>, industrial licenses at 15.4%, and commercial licenses at 8.9%. The total capital of new licenses reached AED 286.8 mn in 1Q 2025, a 27.8% y-o-y increase. Notably, industrial licence capital surged 7.7x, reaching AED 25.5 mn. <\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RTA rolls o<\/strong><strong>ut new Dubai-Sharjah bus service:<\/strong> Dubai\u2019s Road Transport Authority (RTA) has launched a new intercity bus service \u2014 dubbed Route E308 \u2014 that will link Dubai\u2019s Stadium Bus Station to Sharjah\u2019s Al Jubail Bus Station, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/april\/28-04\/rta-launches-intercity-bus-route-between-dubai-and-sharjah\" style=\"\" rel=\"noopener\">statement<\/a>. The service \u2014 which will go live on 2 May \u2014 has a set one-way journey fare of AED 12. <\/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- 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 running until Thursday<\/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>#2- The <\/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> is happening this week <\/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 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>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bj82lsp-fujairah-international-conference-adventures\" style=\"\" rel=\"noopener\">Fujairah International Conference of Adventures Tourism<\/a><\/strong><strong> is running from <\/strong><strong>Wednesday until Friday <\/strong>at the Fujairah Adventures Centre. The event will spotlight investment, sustainability, and innovation in adventure tourism. The agenda includes panel discussions, MoU signings, site tours, and the launch of the region\u2019s first standardized framework for adventure tourism.<\/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:\/\/bsg.ae\/en\/bx-2025\" style=\"\" rel=\"noopener\">The Behavioral Exchange 2025 Conference (BX2025)<\/a><\/strong><strong> will be on Wednesday, 30 April and <\/strong><strong>Thursday, 1 May <\/strong>at New York University Abu Dhabi. The event will gather global experts, policymakers, and researchers to discuss behavioral insights and their application in tackling complex societal challenges.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a busy day in the foreign press this morning<\/strong> as Canadian voters look on track to allow Mark Carney\u2019s Liberals to form a new government, a mysterious power outage hits Spain and Portugal, and US President Donald Trump moves to alleviate some of the pressure of tariffs on automakers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Former central bank governor and incumbent prime minister Mark Carney is projected to form a new government <\/strong>after one of the most consequential elections in Canadian history, as the country faces uncertainty from Trump\u2019s tariffs and threats of annexation. <strong>The question: Will it be a minority or majority government? <\/strong>Either way, it would be the Liberals\u2019 fourth consecutive term in office, a political turnaround that was unthinkable just a few months ago when former Prime Minister Justin Trudeau led the party. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/live-blog\/2025-04-28\/canada-election-results-live-updates?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/canadians-vote-election-dominated-by-concerns-about-trump-2025-04-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/cr5d13e4r2rt\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/live\/canada-election-updates-results\" style=\"\" rel=\"noopener\">AP<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the latest tariff-related news<\/strong>, Trump has eased some of the levies on auto parts for domestically manufactured cars, and prevented duties on foreign-made cars from stacking on top of other tariffs like those on steel and aluminum. (<a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/autos\/trump-tariffs-autos-exceptions-fc634efd?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">WSJ<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Across the pond, Spain declared a state of emergency after a power outage across the Iberian peninsula left tens of mns without power for hours.<\/strong> Half of the country has seen power restored, with Spanish Prime Minister Pedro S\u00e1nchez saying he aims to restore power across the country today. There is no clear cause for the outage, though Portugal has blamed it on extreme temperature variations. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d790af03-8681-432d-88c8-ed7e980fcf85\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/apr\/28\/power-begins-to-return-to-iberian-peninsula-after-unprecedented-blackout\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/large-parts-spain-portugal-hit-by-power-outage-2025-04-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" 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href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103097\" 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=\"103097\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/adnoc-closes-usd-1-5-bn-debut-sukuk\/\">\r\n                            Adnoc closes USD 1.5 bn debut sukuk                        <\/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\/29\/adnoc-closes-usd-1-5-bn-debut-sukuk\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/559.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/559.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103097\" class=\"content-area-description single-story post-103097 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-adnoc tag-debt tag-debt-watch tag-enterpriseam-uae tag-sukuk 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\/.01b9c241-08f8-4a5a-95a5-628765196c95.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>State<\/strong><strong> oil giant Adnoc closed its maiden sukuk sale yesterday, raising USD <\/strong><strong>1.5 bn <\/strong>for general corporate purposes, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/abu-dhabis-adnoc-sells-15-billion-10-year-sukuk-2025-04-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a document it has seen. The offering saw strong demand, with investors booking USD 3.85 bn in orders. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-28\/adnoc-sells-debut-sukuk-in-bid-to-diversify-funding-sources\" style=\"\" rel=\"noopener\">Bloomberg<\/a> also took note of the sale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Adnoc issued the 10-year senior unsecured notes through its primary debt vehicle Adnoc Murban, fixing the spread at 60 bps over US Treasuries. The Wakala-structured sukuk will be listed on the London Stock Exchange, offering fixed semi-annual payments, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/islamic-economy\/abu-dhabi-adnoc-markets-usd-10-year-sukuk-with-price-guidance-at-t60-bjns4was\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The taps may stay open: <\/strong>Murban is expected to raise up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6056997c-f2a8-4f8b-849d-87d2347da1c8\/the-bond-market-is-really-heating-up\" style=\"\" rel=\"noopener\">USD 10 bn<\/a> over the next few years, <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/corporate-finance\/fitch-assigns-adnoc-murban-gmtn-programme-notes-aa-final-ratings-06-09-2024\" style=\"\" rel=\"noopener\">Fitch<\/a> reported late last year. The global rating agency assigned <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1723.pdf\" style=\"\" rel=\"noopener\">Adnoc Murban\u2019s Global Medium Term Note program (pdf)<\/a> a final senior unsecured rating of AA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE issuers are loving sukuk right now: <\/strong>The UAE emerged as the world\u2019s <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\">top-performing sukuk market<\/a> since Trump\u2019s return to the White House, as investors look towards EMs with strong fundamentals for tariff-safe assets. Our friends at <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\">Mashreq<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/62e280a1-b726-4791-a176-d9ed8323a04b\/more-signs-of-investor-bullishness-on-the-uae-as%253cmark%253e-ajman-bank%253c%2Fmark%253e-secures-over-usd-2.7-bn-in-orders-for-sukuk\" style=\"\" rel=\"noopener\">Ajman Bank<\/a> were the latest to tap the USD sukuk markets, closing USD 500 mn sales each. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Standard Chartered Bank is the sole global coordinator and joint sukuk structuring bank on the transaction, with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Morgan Stanley and MUFG acting as book runners. Emirates NBD Islamic provided the Shariah compliance certification. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/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=\"103099\" 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=\"103099\">\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\">CRYPTO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\">\r\n                            Abu Dhabi powerhouses plan AED-backed stablecoin                        <\/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\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\" 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 new stablecoin will be issued by FAB and fully regulated by the Central Bank of the UAE (CBUAE). It will operate on the ADI blockchain, developed by the ADI Foundation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> Stablecoins are digital currencies pegged to fiat currencies, making them less volatile alternatives to BTC and ETH. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis stablecoin will be used as a reliable digital currency across a wide range of everyday scenarios <\/strong>\u2014 by citizens and consumers, businesses and institutions- by citizens and consumers, businesses and institutions,\u201d the statement said. \u201cIt will also support emerging digital use cases such as machine-to-machine and AI.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> AE Coin became the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/675c9499-b02a-4f5a-88cc-48a0c63566c8\/ae-coin-receives-the-final-green-light-for-launch-from-cbuae\" style=\"\" rel=\"noopener\">first AED-pegged stablecoin<\/a> to receive final approval from the CBUAE for launch in December 2024, following the issuance of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61b36c93-cd65-448d-93fa-5ac588daaaca\/fsra-issues%253cmark%253e-stablecoin%253c%2Fmark%253e-framework\" style=\"\" rel=\"noopener\">regulatory framework<\/a> by the Financial Services Regulatory Authority (FSRA) for stablecoin issuance in the ADGM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The involvement of three big powerhouses gives further impetus to the burgeoning crypto sector in the UAE<\/strong>, and shows signs of stablecoin adoption becoming more mainstream \u2014 especially as traders and consumers alike look for ways to bypass traditional systems and speed up payments. Other recent votes of confidence: ADX-listed crypto miner Phoenix Group and cryptocurrency giant <a target=\"_blank\" href=\"https:\/\/tether.to\/\" style=\"\" rel=\"noopener\">Tether<\/a> \u2014 owner of the world\u2019s biggest stablecoin, USDT \u2014 are planning to launch an AED-pegged stablecoin, while AI investment firm MGX <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7bab49e8-2f1e-44b5-b3d4-2b66b9a09336\/mgx-invests-landmark-usd-2-bn-in-binance\" style=\"\" rel=\"noopener\">invested<\/a> a bumper USD 2 bn via stablecoin in Binance earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story got ink<\/strong> in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/abu-dhabi-sovereign-wealth-fund-teams-up-with-fab-ihc-launch-new-stablecoin-2025-04-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-28\/three-abu-dhabi-giants-plan-stablecoin-backed-by-uae-s-currency?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103102\" 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=\"103102\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/adnocs-borouge-looks-to-boost-production-capacity-to-6-6-mn-tonnes-by-2028\/\">\r\n                            Adnoc\u2019s Borouge looks to boost production capacity to 6.6 mn tonnes by 2028                        <\/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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production capacity to 6.6 mn tonnes by 2028\">\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=Adnoc%E2%80%99s+Borouge+looks+to+boost+production+capacity+to+6.6+mn+tonnes+by+2028+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F29%2Fadnocs-borouge-looks-to-boost-production-capacity-to-6-6-mn-tonnes-by-2028%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\/29\/adnocs-borouge-looks-to-boost-production-capacity-to-6-6-mn-tonnes-by-2028\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/36.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103103\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/adnocs-borouge-looks-to-boost-production-capacity-to-6-6-mn-tonnes-by-2028\/36-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/36.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"36.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/36.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/36.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103102\" class=\"content-area-description single-story post-103102 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-borouge tag-energy tag-enterpriseam-uae tag-petrochemicals 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\/.b1f44fce-996a-427a-87bd-4314a4f36d7f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Borouge<\/strong><strong> to amp up its production capacity:<\/strong> Adnoc petrochemicals JV Borouge has inked two contracts for expansion projects that aim to boost its production capacity to over 6.6 mn per tonnes per annum (tpa) by 2028, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1721.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The projects are poised to generate between AED 600 mn and AED 730 mn in annual EBIDTA. The investment tickets for the two projects were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Upgrading its ethane unit: <\/strong>Borouge awarded German gas optimization engineering firm <a target=\"_blank\" href=\"https:\/\/www.linde-gas.com\/#:~:text=Linde%20gases%20are%20used%20across,and%20process%20technologies%20are%20everywhere.\" style=\"\" rel=\"noopener\">Linde<\/a><a target=\"_blank\" href=\"https:\/\/www.linde-gas.com\/#:~:text=Linde%20gases%20are%20used%20across,and%20process%20technologies%20are%20everywhere.\" style=\"\" rel=\"noopener\">Engineering<\/a> with a contract for front-end engineering design services to advance its second ethane unit (EU2) with an additional capacity of 230k tpa. The project is set to boost the EU2 crackers\u2019 follow through by 15% and is set to be completed by 4Q 2028. State-owned Adnoc Gas and Adnoc Refining supplies the ethane used to feed Borouge\u2019s EU2 cracker. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refurbishing its Polyethylene facilities:<\/strong> The firm signed an engineering, procurement, and construction (EPC) contract with homegrown <a target=\"_blank\" href=\"https:\/\/www.target.ae\/\" style=\"\" rel=\"noopener\">Target Engineering Construction Company<\/a> to upgrade and expand its polyethylene PE4 and PE5 production units. The project is expected to bolster the unit\u2019s capacity to 700 tpa, up from 540k tpa each, and is slated to be ready for operation in 1Q 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes amid rising demand for petrochemicals:<\/strong> \u201cThe expansions of our ethylene and polyethylene capabilities will enable Borouge to meet growing market demands, unlock new revenue streams, and further strengthen our global market position,\u201d CEO Hazeem Sultan Al Suwaidi said. Adnoc has been doubling down on petrochemicals with several acquisitions, including the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1518b3be-ab9f-4fa0-8564-6afaf3eb94a0\/adnoc-completes-acquisition-of-oci-global%25e2%2580%2599s-stake-in-fertiglobe,-with-el-hoshy-set-to-stay-on-as-ceo\" style=\"\" rel=\"noopener\">USD 3.62 bn<\/a> acquisition of OCI Global's 50%+1 stake in chemical producer Fertiglobe in October. It also <a target=\"_blank\" rel=\"noopener\">secured a majority stake<\/a> in German chemicals company Covestro in what is the biggest acquisition of a European firm by a Middle Eastern buyer in 16 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Adnoc and Austria\u2019s OMV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">agreed terms of an agreement<\/a> to merge their polyolefins businesses after years of negotiations last month. The move created Borouge International \u2014 a USD 60 bn global polyolefins player set to be the world\u2019s fourth largest. The merged business, based in Austria with a regional HQ in the UAE, will have a capacity of 13.6 mn tonnes per year across Europe, the Middle East, and North America. The companies also acquired Abu Dhabi sovereign wealth fund Mubadala\u2019s Nova Chemicals for USD 13.4 bn, including debt, with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/46ad08b5-3b9f-44ce-ab12-62c88fa77e81\/\" style=\"\" rel=\"noopener\">acquisition set to be financed by a bridge loan<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Borouge at a glance: <\/strong>Borouge has a current capacity of 5 mn tpa \u2014 standing out as one of the top five polyolefin producers in the Middle East and Asia Pacific. The company\u2019s net income <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8d2d58c-d1b2-422d-95dc-f1e1d25532a0\/multiply-group-and-borogue-report-2024-earnings\" style=\"\" rel=\"noopener\">increased 24% y-o-y in 2024 to USD 1.2 bn<\/a>, driven by record production and sales volumes \u2014 which reached 5.3 mn tonnes \u2014 on the back of strong customer relationships and expansion into high-growth markets in Asia, the Middle East, and Africa. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/borouge\/\">Borouge<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/petrochemicals\/\">petrochemicals<\/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=\"103104\" 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=\"103104\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/mgx-to-invest-usd-8-10-bn-in-ai-per-year-with-a-us-focus\/\">\r\n                            MGX to invest USD 8-10 bn in AI per year with a US focus                        <\/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\/29\/mgx-to-invest-usd-8-10-bn-in-ai-per-year-with-a-us-focus\/\" 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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MGX will invest USD 1-2 bn per transaction, with a focus on the US, Osman said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uh, how deep are MGX\u2019s pockets? <\/strong>Although MGX has not publicly disclosed its total fund size, estimates put it at around USD 100 bn, Semafor reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pushing ahead despite uncertainty:<\/strong> Weighing up the AI sector\u2019s potential against short-term economic uncertainty, Osman said, \u201c[W]hether you're bullish or bearish in the space, you're still looking at capital formation to the tune of [tns of USD],\u201d adding that MGX is \u201cdeploying capital in order to support that build-out growth.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>MGX is also part of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/83962672-34d6-4fa0-9c03-2159613a897a\/inside-trump%25e2%2580%2599s-usd-500-bn-ai-project-stargate\" style=\"\" rel=\"noopener\">AI Infrastructure Partnership<\/a>, a platform it co-founded alongside Blackrock and Microsoft, which now also includes NVIDIA and Elon Musk\u2019s xAI. The group is looking to raise USD 30 bn from investors and deploy up to USD 100 bn, including from debt, into AI data centers and related infrastructure systems. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MGX has invested at least USD 2 bn so far this year in Binance,<\/strong> while also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93acae81-1742-4d34-b853-4512e6a248f9\/uae-data-center-infrastructure-gets-a-boost-courtesy-of-khazna\" style=\"\" rel=\"noopener\">picking up a stake<\/a> in data center operator Khazna. It is also set to provide <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/964d2ba1-4872-423a-a2af-0a770161b4e3\/this-morning:%253cmark%253e-mgx%253c%2Fmark%253e-to-invest-in-french-ai-%2B-anthropic%3F\" style=\"\" rel=\"noopener\">initial investments<\/a> for a planned USD 30-50 bn data center and AI campus in France<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a long-term strategy: <\/strong>MGX is taking a five- to 10-year view on its investments, despite uncertainty. \u201cWe remain optimistic that the technology will revolutionize the way we create value in the economy,\u201d Osman said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand for AI infrastructure is heating up: <\/strong>MGX is putting its money where it sees sustained global demand, with Osman predicting that global data center capacity \u2014 currently around 60 GW \u2014 will need to rise to 200-300 GW over the next five years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mgx\/\">MGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103106\" 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=\"103106\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/omniyat-holdings-to-issue-its-green-sukuk-on-6-may-with-ipt-around-8\/\">\r\n                            Omniyat Holdings to issue its green sukuk on 6 May with IPT around 8%                        <\/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\/29\/omniyat-holdings-to-issue-its-green-sukuk-on-6-may-with-ipt-around-8\/\" 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 Dubai-based developer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/029177cc-3c7c-423d-987c-7cfe37d5ffb1\/this-morning:%253cmark%253e-omniyat%253c%2Fmark%253e-taps-banks-for-debut-green-sukuk-%2B-uae-qatar-road-link-coming%3F\" style=\"\" rel=\"noopener\">mandated banks<\/a> earlier this week to arrange the issuance, which is set to be listed on the London Stock Exchange\u2019s International Securities Market and Nasdaq Dubai, to finance eligible green projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The three-year benchmark senior unsecured Reg S sukuk will follow global investor calls. Omniyat previously announced plans to tap the debt market with its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/394451d2-3c0d-4309-a438-1fe0ee9d2587\/this-morning:-kkr,-investcorp,-and-i-squared-join-bidding-war-for-pal-cooling-%2B-sobha,%253cmark%253e-omniyat%253c%2Fmark%253e-eye-sukuk\" style=\"\" rel=\"noopener\">debut Islamic bond<\/a>, potentially as early as this quarter, to support its portfolio of ultra-luxury developments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Citi is acting as the sole green structurer for Omniyat's sustainability finance framework. The joint global coordinators for the sukuk are our friends at Mashreq, ADCB, Citi, ENBD Capital, JP Morgan, and Standard Chartered. Ajman Bank, CBD, DIB, FAB, Kamco Invest, Rakbank, and Warba Bank serving as joint lead managers and bookrunners.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/omniyat\/\">Omniyat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/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=\"103108\" 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=\"103108\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/dubai-gets-a-new-law-to-regulate-its-land-plot-allocation-to-public-entities\/\">\r\n                            Dubai gets a new law to regulate its land plot allocation to public entities                        <\/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\/29\/dubai-gets-a-new-law-to-regulate-its-land-plot-allocation-to-public-entities\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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href=\"https:\/\/api.whatsapp.com\/send?text=Dubai+gets+a+new+law+to+regulate+its+land+plot+allocation+to+public+entities+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F29%2Fdubai-gets-a-new-law-to-regulate-its-land-plot-allocation-to-public-entities%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\/29\/dubai-gets-a-new-law-to-regulate-its-land-plot-allocation-to-public-entities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103109\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/dubai-gets-a-new-law-to-regulate-its-land-plot-allocation-to-public-entities\/682-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"682.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103108\" class=\"content-area-description single-story post-103108 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-dubai tag-enterpriseam-uae tag-legislation tag-legislation-watch tag-regulation 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\/.bfafdbce-776d-4b97-8a66-49857eeb714e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai gets a new law to define land plot allocation to public entities:<\/strong> Prime Minister Sheikh Mohammed bin Rashid Al Maktoum issued a new law to regulate the allocation of government land plots to public entities in Dubai, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjemdm4-mohammed-bin-rashid-issues-law-government-land\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The law outlines specific criteria for land allocation, including the urgency of the land\u2019s need based on economic, security, social, and service factors.<\/strong> It also considers land availability and the importance of the proposed use.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Municipality is tasked with overseeing land allocation<\/strong>. Its responsibilities include receiving and assessing land allocation requests, determining the location and size of the plots, and issuing site maps. The Municipality also maintains a registry of land data and has the authority to reclaim allocated plots, change their location, or remove any constructions if conditions specified in the law are met.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation\/\">regulation<\/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=\"103110\" 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=\"103110\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/\">\r\n                            True Gamers, Zest Equity, and Hushday raise funds for expansion                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=True Gamers, Zest Equity, and Hushday raise funds for expansion&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/&title=True Gamers, Zest Equity, and Hushday raise funds for expansion\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=True+Gamers%2C+Zest+Equity%2C+and+Hushday+raise+funds+for+expansion+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F04%2F29%2Ftrue-gamers-zest-equity-and-hushday-raise-funds-for-expansion%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103111\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/true-gamers-zest-equity-and-hushday-raise-funds-for-expansion\/1246-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1246.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103110\" class=\"content-area-description single-story post-103110 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-fintech tag-investment tag-startup-watch tag-startups tag-true-gamers 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\/5\/.bb073cf9-a214-4f33-aa33-5d8c549a26dc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It\u2019s a busy day for startup funding<\/strong>, with local startups raising over USD 10 mn in early-stage rounds set to boost their expansion here at home and abroad. <\/p>\n<p class=\"tag-border-left\">TRUE GAMERS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>True <\/strong><strong>Gamers secures USD 5 mn seed round to fuel MENA, Europe expansion:<\/strong> Gaming club operator <a target=\"_blank\" href=\"https:\/\/truegamers.world\/\" style=\"\" rel=\"noopener\">True Gamers<\/a> has raised USD 5 mn in a seed round to expand its franchise network across MENA and Europe, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1793.pdf\" style=\"\" rel=\"noopener\">press release (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1793.pdf\" style=\"\" rel=\"noopener\">)<\/a>. The new funding brings its total investment to date in the UAE to USD 15.5 mn, supporting plans to scale its brand, tech stack, and footprint. The startup did not disclose who the participating investors were.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gameplan:<\/strong> True Gamers currently operates 14 gaming cafes in the UAE, with 10 more under development across the UAE, Morocco, Saudi Arabia, Jordan, Germany, and France. The company is targeting a 10% market share in the US, European, and MENA gaming cafe markets by 2030, as it scales up through franchising and venture capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>True Gamers announced plans last year to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f96507f2-44fb-4290-b7f9-fc1ad10e0ff6\/%253cmark%253etrue-gamers%253c%2Fmark%253e-plans-usd-1-bn-e-sports-island-in-abu-dhabi\" style=\"\" rel=\"noopener\">USD 1 bn e-sports island<\/a> in Abu Dhabi. The company was targeting USD 280-300 mn in initial funding, and as of last March was in talks with investors. The proposed site is located between Al Bandar and Al Dana in Al Raha Beach.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big leagues: <\/strong>The UAE\u2019s video gaming sector brought in revenues of over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/09da7f92-2c5b-4630-aed4-d2dcbf456feb\/this-morning:-adnoc-eyes-mubadala%25e2%2580%2599s-energy-assets-in-potential-usd-10-bn-transaction-%2B-sheikh-tahnoon-bin-zayad-al-nahyanis-in-the-us\" style=\"\" rel=\"noopener\">AED 1.5 bn<\/a> last year, and Wynn Resorts has invested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/624ad3b1-6bdb-49ba-ab88-ecb5c1d24e06\/%253cmark%253ewynn%253c%2Fmark%253e-resorts-invests-usd-514.4-mn-to-date-in%253cmark%253e-marjan%253c%2Fmark%253e-gaming-resort-%2B-earmarks-land-for-future-development\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/624ad3b1-6bdb-49ba-ab88-ecb5c1d24e06\/%253cmark%253ewynn%253c%2Fmark%253e-resorts-invests-usd-514.4-mn-to-date-in%253cmark%253e-marjan%253c%2Fmark%253e-gaming-resort-%2B-earmarks-land-for-future-development\" style=\"\" rel=\"noopener\">USD 514.4 mn<\/a> so far in its Marjan gaming resort. Globally, the gaming market is set to reach USD 522.5 bn by 2029, the press release said, citing Statista.<\/p>\n<p class=\"tag-border-left\">ZEST EQUITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zest <\/strong><strong>Equity secures USD 4.3 mn in pre-Series A funding:<\/strong> Dubai-based <a target=\"_blank\" href=\"https:\/\/zestequity.com\/\" style=\"\" rel=\"noopener\">Zest Equity<\/a>, a fintech platform providing digital infrastructure for private market transactions, secured USD 4.3 mn in pre-Series A funding, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1731.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <a target=\"_blank\" href=\"https:\/\/www.prosus.com\/\" style=\"\" rel=\"noopener\">Prosus Ventures<\/a> led the funding round, which also saw participation from <a target=\"_blank\" href=\"https:\/\/www.morganstanley.com\/about-us\/inclusive-sustainable-ventures\" style=\"\" rel=\"noopener\">Morgan Stanley Inclusive & Sustainable<\/a><a target=\"_blank\" href=\"https:\/\/www.morganstanley.com\/about-us\/inclusive-sustainable-ventures\" style=\"\" rel=\"noopener\">Ventures<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the money go?<\/strong> The funds will go towards expanding operations in the UAE and Saudi Arabia, recruiting specialized talent, developing new products, and scaling its digital infrastructure to handle larger and more complex transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Zest Equity:<\/strong> Founded in 2021 by Zuhair Shamma (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/zuhair-shamma\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>) and Rawan Baddour (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rawanbaddour?originalSubdomain=ae\" style=\"\" rel=\"noopener\">Linkedin<\/a>), Zest Equity digitizes private market transactions and is currently focusing on transactions under USD 100 mn. Its platform streamlines processes like fundraising via special-purpose vehicles, and it has digitized USD 155 mn in transactions across more than 115 executions to date. In 2023, it secured USD 3.8 mn in a seed funding round that was led by Middle East Venture Partners, and saw participation from the Dubai Future District Fund (DFDF) and Dash Ventures. <\/p>\n<p class=\"tag-border-left\">HUSHDAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based e-commerce platform Hushday raised USD 550k in a pre-seed funding round <\/strong>from undisclosed investors, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/04\/uae-premium-e-commerce-hushday-raises-550000-pre-seed\" style=\"\" rel=\"noopener\">Wamda<\/a> reports. The company plans to use these funds to launch a new channel for luxury and premium brands in the UAE, with plans to expand to Saudi Arabia, Qatar, and Kuwait. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Hushday:<\/strong> Founded this year by Jennifer Cohen Solal (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/jennifercohensolal\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Riad Djabri (<a target=\"_blank\" href=\"https:\/\/fr.linkedin.com\/in\/riad-djabri\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Hushday runs an invitation-only marketplace that sells excess inventory from luxury and premium brands. The platform allows brands to control pricing and protect their brand image while reaching younger, price-sensitive customers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/true-gamers\/\">True Gamers<\/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=\"103112\" 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=\"103112\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/more-1q-earnings-plus-emirates-reit-reports-2024-earnings\/\">\r\n                            More 1Q earnings (plus: Emirates REIT reports 2024 earnings)                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/more-1q-earnings-plus-emirates-reit-reports-2024-earnings\/\" 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 top line performance was driven by strong performance across business verticals, including beauty and wellness and media and communications, CEO Samia Bouazza said, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1771.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The group\u2019s revenues increased by 49.5% y-o-y to AED 585.1 mn during the quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This was fueled by a series of acquisitions last year<\/strong>, including of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2e505a05-29d4-4e6f-bb0e-cd1a4f5070df\/%253cmark%253emultiply%253c%2Fmark%253e%25e2%2580%2599s-omorfia-takes-over-sisters-and-n.bar-owner-the-grooming-company\" style=\"\" rel=\"noopener\">The Grooming Company<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b097cc9-51f2-474c-b75e-dd5946ee2260\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\" style=\"\" rel=\"noopener\">Excellence Driving<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ca7b2a6-841f-4493-811f-a1e71b4ab02d\/%253cmark%253emultiply%253c%2Fmark%253e-group-acquires-blacklite-media-ahead-of-potential-ipo\" style=\"\" rel=\"noopener\">BackLite Media<\/a>. It continued this year with the acquisition of Spanish retail group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/853cfd24-2e7b-438a-9aa7-9908ce171bd3\/multiply-acquires-67.9%2525-of-spanish-retail-group\" style=\"\" rel=\"noopener\">Tendam<\/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\">UNITED ARAB BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Arab Bank (UAB) reported a net income of AED 101.6 mn for 1Q 2025<\/strong>, up 48.8% y-o-y, boosted by \u201cimproved operating performance and robust recoveries, leading to lower net impairment charges,\u201d according to the bank\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1768.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The bank\u2019s operating income rose by 1.2% y-o-y to AED 165.4 mn in this quarter, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1769.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. Meanwhile, the total assets grew by 9.2% compared to December 2024 to AED 23.4 bn during the quarter, driven by an 8% rise in loans, advances, and Islamic financing, and a 13% increase in investments. <\/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\">EMIRATES DRIVING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>Driving\u2019s net income rose<\/strong><strong> 7.5% y-o-y <\/strong><strong>to AED 68.8 mn in 1Q 2025<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1717.pdf\" style=\"\" rel=\"noopener\">management discussion report (pdf)<\/a>. Revenues climbed 85.4% y-o-y to AED 167.1 mn during the quarter, driven by the acquisition of a new subsidiary, expansion into new markets, improved operational efficiency, and higher student enrollment. The firm acquired a 51% stake in Excellence Premier Investment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8d2d58c-d1b2-422d-95dc-f1e1d25532a0\/multiply-group-and-borogue-report-2024-earnings\" style=\"\" rel=\"noopener\">last year<\/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\">EMIRATES REIT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Equitativa\u2019s <\/strong><strong>Emirates REIT had a solid 2024: <\/strong>Emirates REIT\u2019s bottom line rose 64% y-o-y to USD 208.5 mn in FY 2024, driven by USD 159.2 mn in unrealized valuation gains due to increased investments, stronger leasing activity, and gains from divestments, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1718.pdf\" style=\"\" rel=\"noopener\">annual report (pdf)<\/a>. Total property income climbed 79.1% y-o-y to USD 133.2 mn, supported by higher rental rates and an increase in total occupancy to 94%. The divestment of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff0d275e-e25a-450d-ad43-93a98685c446\/adia-eyes-indian-biopharma-firm\" style=\"\" rel=\"noopener\">Trident Grand Mall<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c1904ade-4337-4999-9720-56e8be39f11a\/adnec-acquires-royal-catering-to-cater-to-new-sectors\" style=\"\" rel=\"noopener\">Office Park<\/a> also helped optimize the capital structure, contributing USD 54 mn in net gains.<\/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\">NATIONAL BANK OF UMM AL-QAIWAIN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Bank of Umm Al Qaiwain saw its net income increase by 5.7% y-o-y to<\/strong><strong> AED 185.8 mn in 1Q 2025<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1763.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The lender\u2019s net interest income and income from Islamic products declined by 16.2% y-o-y to AED 147.3 mn during the same period. The bank\u2019s customer deposits rose 37% y-o-y to AED 12.2 bn, while net loans and advances rose 6% y-o-y during the quarter, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1764.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Net income before tax increased 5% y-o-y to AED 199 mn driven by the \u201cdiversification of income sources and the implementation of effective cost optimization strategies\u201d.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-driving\/\">Emirates Driving<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-reit\/\">Emirates REIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/multiply-group\/\">Multiply Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-bank-of-umm-al-qaiwain\/\">National Bank of Umm Al Qaiwain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/united-arab-bank\/\">United Arab Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103114\" 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=\"103114\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/deliveroos-middle-east-operations-transition-to-new-leadership\/\">\r\n                            Deliveroo\u2019s Middle East operations transition to new leadership                        <\/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\/29\/deliveroos-middle-east-operations-transition-to-new-leadership\/\" 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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Price was previously the general manager of Deliveroo Hong Kong, and succeeds Anis Harb (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/anis-harb-54337417\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who served as the general manager for the region for nearly a decade. He also founded the firm\u2019s Middle East business and oversaw its expansion across the Emirates and to Kuwait and Qatar.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/deliveroo\/\">Deliveroo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103116\" 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=\"103116\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/s1-project-to-become-solely-a-flexible-natural-gas-based-power-plant\/\">\r\n                            S1 project to become solely a flexible natural gas-based power plant                        <\/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\/29\/s1-project-to-become-solely-a-flexible-natural-gas-based-power-plant\/\" 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 plant will shift from its current cogeneration power and water desalination role to become a dedicated power plant to support increased integration of renewable energy sources. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> As part of this transformation, the water desalination operations will be decommissioned, and S1 will be reconfigured into a natural gas-fired open-cycle power plant. The newly configured plant will provide 1.1 GW of flexible reserve supply for 15 years, with commercial operations set to begin in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will the ownership structure change?<\/strong> S1 has been operating under a Power Purchase Agreement for 20 years, with the original contract set to conclude this year. Under the new terms, Taqa will retain a 60% stake in the plant, while Engie and Sumitomo will each hold 20%. The three companies will continue to manage operations and maintenance of the plant, with Taqa owning 30% of the O&M company, while Engie and Sumitomo each hold 35%.<\/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>UAE <\/strong><strong>gets world\u2019s first surgical proctology center with SRC accreditation<\/strong><strong>: <\/strong>Saudi German Hospital Dubai has launched its Center of Excellence in Surgical Proctology, which holds an accreditation from the Surgical Review Corporation (SRC), making it the only facility worldwide to hold the designation, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/saudi-german-hospital-dubai-inaugurates-the-worlds-first-src-accredited-center-of-excellence-in-surgical-proctology-k1odhvtv\" 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\">\n<p class=\"tag-border-left\">CRYPTO- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BitGo <\/strong><strong>Custody MENA gets VASP license:<\/strong> BitGo Custody MENA, the Dubai subsidiary of US-based digital asset provider <a target=\"_blank\" href=\"https:\/\/www.bitgo.com\/\" style=\"\" rel=\"noopener\">BitGo<\/a>, has secured a virtual asset service provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA), according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/bitgo-secures-vasp-license-to-provide-custody-services-in-dubai-baqwrerc\" style=\"\" rel=\"noopener\">press release<\/a>. The VASP license will allow the firm to roll out its cold storage custody products and staking services to institutional and individual clients in Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The new licence comes following preliminary approval received <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e90289eb-586a-4923-8d4e-e632a86adc3f\/ad-ports-teams-up-with-cma-cgm-on-jv-to-develop-congo-terminal\" style=\"\" rel=\"noopener\">at the start of the year<\/a>. Founded in 2013, BitGo provides operational infrastructure to over 1.5k institutions across 50 countries, and currently has USD 48 bn in assets staked.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Teleperformance opens innovation center in Dubai: <\/strong>French business process outsourcing company <a target=\"_blank\" href=\"https:\/\/www.tp.com\/en-us\/\" style=\"\" rel=\"noopener\">Teleperformance<\/a> (TP) has opened its first Middle East innovation center in Dubai Internet City, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/tp-launches-first-innovation-center-in-middle-east-to-drive-ai-powered-digital-transformation-in-the-region-gob1non3\" style=\"\" rel=\"noopener\">press release<\/a>. The TP Innovation Center is the first in a planned series of hubs across the GCC, supporting the company\u2019s move from traditional service delivery to scalable AI solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The center aims to accelerate talent development and digital competitiveness<\/strong>, and is designed as a co-creation space featuring design thinking labs and workshops targeting industries like government, banking, healthcare, travel, and retail. The hub is equipped with a 3D screen and interactive platforms to showcase real-world AI use cases, and will facilitate public-private collaborations.<\/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\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq <\/strong><strong>leads Azerbaijan bank\u2019s debut MENA syndicated financing:<\/strong> Our friends at Mashreq acted as sole coordinator, initial mandated lead arranger and bookrunner, and documentation agent for the International Bank of Azerbaijan\u2019s (ABB) inaugural syndicated financing in the Middle East, with a value of USD 200 mn, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/MashreqTweets\/status\/1916749233236984262\" style=\"\" rel=\"noopener\">post on X<\/a>. The transaction saw strong demand, achieving a 266% subscription rate, after attracting significant interest from regional and international investors during a Mashreq-organized nondeal roadshow in November 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSTRUCTION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Majid <\/strong><strong>Al Futtaim taps UNEC for AED 736 mn Tilal Al Ghaf contract: <\/strong>Majid Al Futtaim has appointed construction firm <a target=\"_blank\" href=\"https:\/\/unec.co\/\" style=\"\" rel=\"noopener\">Unec<\/a> as the main contractor for the Plagette 32 and Amara residential neighborhoods within its Tilal Al Ghaf development in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/32-mw3brfrh\" style=\"\" rel=\"noopener\">press release<\/a>. The AED 736 mn contract covers the construction of 148 luxury villas, interior finishes, structural work for the beach club, landscaping, gates, auxiliary buildings, and integrated infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The conglomerate has been steadily handing out major contracts for its flagship development, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/059fb759-807f-4a72-b8fe-079e48b17b10\/majid%253cmark%253e-al%253c%2Fmark%253e-futtaim-awards-contracts-worth-aed-3-bn-for-flagship-dubai-development\" style=\"\" rel=\"noopener\">awarding AED 3 bn worth of contracts<\/a> to Innovo Build and UNEC for two of its neighborhoods last year. Innovo Build was later also tapped as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fe1e5f68-55d7-4e6b-a2b9-00eef9e2a100\/innovo-to-build-majid-al-futtaim%25e2%2580%2599s-aed-1.13-bn%253cmark%253e-tilal-al-ghaf%253c%2Fmark%253e-mansions-project\" style=\"\" rel=\"noopener\">the main contractor<\/a> for the AED 1.2 bn Elysian Mansions project, and, earlier this month, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/679f1506-c2b6-4d44-aa47-8c5e9f9a9940\/adib-rolls-out-fractional-sukuk-for-retail-investors\" style=\"\" rel=\"noopener\">Ducto Construction secured an AED 1.6 bn contract<\/a> for the Serenity Mansions development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ishraq <\/strong><strong>Hospitality partners with Egypt\u2019s Samco Holding on two Egyptian hotels: <\/strong>Ishraq Hospitality, part of Dubai-based family business <a target=\"_blank\" href=\"https:\/\/www.almulla.com\/\" style=\"\" rel=\"noopener\">Mohamed & Obaid Almulla<\/a>, has signed an agreement with Egyptian real estate firm <a target=\"_blank\" href=\"https:\/\/samcoholding.com\/\" style=\"\" rel=\"noopener\">Samco Holding<\/a> to develop two hospitality projects in Egypt\u2019s New Administrative Capital, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ishraq-hospitality-partners-with-samco-holding-for-strategic-egypt-expansion-k7xdgs11\" 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 first project<\/strong>, Holiday Inn Express Cairo New Capital, will offer 125 rooms in the city\u2019s business and residential district, and will include flexible workspaces and public areas targeting business and leisure travelers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second<\/strong>, The Five Hotel Apartments, will provide 100 serviced apartments for long-term stays, with co-working zones and wellness facilities. It will be part of Samco\u2019s mixed-use development The Five and will be located close to commercial and government hubs.<\/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\">TELECOMS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>du <\/strong><strong>joins FreeMove Alliance to expand global telecom services: <\/strong>State-owned telecom operator <a target=\"_blank\" href=\"https:\/\/www.du.ae\/personal\" style=\"\" rel=\"noopener\">du<\/a> has joined the <a target=\"_blank\" href=\"https:\/\/www.freemove.com\/\" style=\"\" rel=\"noopener\">FreeMove Alliance<\/a> \u2014 a global mobile telecommunications group made up of Deutsche Telekom, Orange, Telia, and TIM \u2014 to expand its service offering for multinational corporations, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/du-becomes-the-first-operator-in-the-region-to-partner-with-freemove-alliance-to-enhance-global-connectivity-solutions-tr46q7uq\" style=\"\" rel=\"noopener\">press release<\/a>. The alliance gives the operators\u2019 clients access to a broader network of tier-one providers across Europe, the US, and other major markets. Du is the first operator in the region to join.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, how does FreeMove work? <\/strong>The FreeMove Alliance is a mobile telecom partnership that helps multinationals streamline mobile connectivity by providing global access to roaming services, enterprise mobility solutions, and centralized account management through a single point of contact across more than 125 countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MoHRE <\/strong><strong>and ADIB roll out the first phase of their digital wallet service: <\/strong>The Human Resources and Emiratization Ministry (MoHRE) and Abu Dhabi Islamic Bank (ADIB) have introduced a digital wallet for corporate clients, enabling them to settle fees and financial obligations for ministry services instantly, according to a <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/28\/4\/2025\/mohre-launches-digital-wallet-to-provide-integrated-financial-services-to-companies.aspx\" style=\"\" rel=\"noopener\">press release<\/a>. The tool integrates MoHRE\u2019s systems with ADIB accounts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works:<\/strong> Corporate users can register through MoHRE\u2019s electronic wallet and can start using the service following approval from Adib. The ministry is planning on expanding the wallet\u2019s compatibility with other banks at a later stage.<\/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\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Drake & Scull sub<\/strong><strong>sidiary wins wastewater contract in Jordan:<\/strong> Drake and Scull\u2019s subsidiary Passavant Energy & Environment has been awarded a JOD 41.5 mn (c. AED 215 mn) contract by Jordan\u2019s Water Authority to design, build, and operate the North Balqa Wastewater treatment plant with an initial capacity of 36k cubic meters per day, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1747.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The project \u2013 financed by Agence Fran\u00e7aise de D\u00e9veloppement and the European Union\u2019s Neighborhood Investment Platform\u2013 covers the full EPC scope and a year of maintenance and operations. No timeline for the project was disclosed.<\/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>#<\/strong><strong>1- Arabian Hills Real Estate Development\u2019s Arabian Hills Estate will replace the stalled <\/strong><strong>Wahat Al Zaweya project<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/real-estate\/arabian-hills-estate-replaces-stalled-wahat-al-zaweya-development-project-hjxkd5ce\" style=\"\" rel=\"noopener\">press release<\/a>. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c05c38a9-e886-4469-80d7-d5fc24af2a90\/%253cmark%253earabian-hills%253c%2Fmark%253e-inaugurates-aed-22-bn-residential-project\" style=\"\" rel=\"noopener\">Arabian Hills Estate<\/a> will offer residential plots ranging from 12l to 132 sq.ft., along with schools, healthcare facilities, and entertainment venues. The project is scheduled for completion between 1Q and 4Q 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Judicial Department in Abu Dhabi ordered real estate developer Wahat Al Zaweya to refund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44d1a4c8-36e1-42b4-83b4-123f35fa9581\/%253cmark%253ewahat-al-zaweya%253c%2Fmark%253e-to-refund-aed-702-mn-to-buyers\" style=\"\" rel=\"noopener\">AED 702 mn<\/a> in deposits to buyers in the Wahat Al Zaweya project as part of the first phase of settling 822 lawsuits. The judicial body ordered the termination of contracts and the deposit of refunds directly into claimants\u2019 bank accounts. Meanwhile, Arabian Hills Real Estate Development launched the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/02014a03-0a29-4fe5-b237-fc4eacf7646c\/tetra-pak,-union-paper-mills-to-establish-uae%25e2%2580%2599s-first-carton-recycling-facility\" style=\"\" rel=\"noopener\">second phase<\/a> of the project valued at AED 22 bn, and awarded its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc1c3a19-b7af-4fd3-bdf9-1663dfde0f6d\/%253cmark%253earabian-hills%253c%2Fmark%253e-awards-infrastructure-contract-for-aed-22-bn-project\" style=\"\" rel=\"noopener\">infrastructure works contract<\/a> back in June 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai Holding\u2019s subsidiary Jumeirah aims to launch a luxury hotel and two<\/strong> <strong>residential projects in Dubai<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D8%AC%D9%85%D9%8A%D8%B1%D8%A7-%D8%AA%D9%8F%D8%B9%D8%B2%D9%91%D8%B2-%D9%85%D8%AD%D9%81%D8%B8%D8%AA%D9%87%D8%A7-%D8%A8%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%AB%D9%84%D8%A7%D8%AB%D8%A9-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%8A-%D8%AF%D8%A8%D9%8A-so0lltlq\" style=\"\" rel=\"noopener\">press release<\/a>. The Jumeirah Al Sora Bay Hotel will feature 103 rooms and suites, along with 20 villas. The Jumeirah Residences Asura Bay, developed in partnership with Meraas, will offer 29 luxury units, including apartments, penthouses, and villas. Additionally, the company has begun work on the Jumeirah Residences Emirates Towers, a residential project with 754 apartments.<\/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>Abu Dhabi Mobility partnered with Kintsugi Holding subsidiary Autogo to expand th<\/strong><strong>e autonomous RoboTaxi <\/strong><strong>service in the emirate,<\/strong> according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/transport\/integrated-transport-centre-abu-dhabi-mobility-expands-pilot-autonomous-robotaxi-service\/\" style=\"\" rel=\"noopener\">statement<\/a>. The pilot phase is a step toward a full service launch planned for 2026. The initiative also involves a partnership with Apollo Go, a subsidiary of China\u2019s Baidu, and supports Abu Dhabi\u2019s smart mobility vision.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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<a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taqa\/\">Taqa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/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=\"103118\" 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=\"103118\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/debt-pressures-to-pile-up-on-emerging-markets-amid-trade-uncertainty-world-bank-economist-says\/\">\r\n                            Debt pressures to pile up on emerging markets amid trade uncertainty, World Bank economist 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\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/195.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"195.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/195.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/195.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103118\" class=\"content-area-description single-story post-103118 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-planet-finance tag-world-bank 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\/.f7c19c17-e82a-41f7-a548-e57d9944b622.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Debt pressure is piling up on developing countries and emerging markets from<\/strong><strong> rising trade uncertainty<\/strong>, adding to their woes from high debt levels and sluggish growth, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/world-bank-chief-economist-sounds-alarm-emerging-market-debt-issues-urges-2025-04-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing the World Bank Chief Economist Indermit Gill.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About half of the developing countries are now at risk of default or rapidly approaching<\/strong><strong> that point<\/strong>, double the 2024 rate, Gill warned. For emerging markets, net interest payments now account for 12% of their GDP, up from 7% in 2014.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The situation is even worse in poorer countries<\/strong>, where 20% of their GDP goes to debt services, double the rate a decade ago. This is forcing governments to cut back on vital services like healthcare and education.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The IMF revised its global growth forecast for 2025 to just <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8d16700c-941f-4a85-978e-838702037112\/imf-cuts-growth-forecasts-as-tariffs-hit-global-economy\" style=\"\" rel=\"noopener\">2.8%<\/a><\/strong>, a 0.5 percentage point cut from its January estimate, warning that further trade tensions would drag growth further down. With decade-high uncertainty indices, global economists expect the World Bank to announce significant cuts to both growth and trade forecasts in June, Gill added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global trade is expected to grow by just 1.5%<\/strong>, a significant decrease from the 8% seen in the 2000s. Meanwhile, foreign direct investment now accounts for only 1% of the developing countries\u2019 GDP, a drop from the 5% seen during more prosperous periods, further hindering emerging markets, according to Gill.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The way out? <\/strong>Trade agreements with the US would ease the pressure on emerging markets through tariff reductions and their extension to other countries. \u201cDoing so now made sense,\u201d said Gill, highlighting the World Bank\u2019s models that predict a significant boost to growth with such agreements. Unlike other crises, this one is driven by government policies, which could be reversed, he added.<\/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\">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 mostly in the green this morning<\/strong>, as Hong Kong\u2019s Hang Seng is up 0.5%, while Japan\u2019s Nikkei is inching up 0.4%. Meanwhile, Wall Street futures remain flat after a day of modest gains for S&P 500, Nasdaq and the Dow.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,468<\/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\">+0.8% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,216<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.0% (YTD: +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\">4,291<\/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\">+1.4% (YTD: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,785<\/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: -2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">32,015<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +7.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,529<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: -6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,417<\/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\">+0.02% (YTD: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,170<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +5.6%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 65.62<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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 3.17<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+7.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3347.70<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5%<\/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 94,520.80<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +1.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.8% yesterday<\/strong> on turnover of AED 1.7 bn. The index is up 0.5% 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>Americana Restaurants International (+5.0%), Adnoc Logistics & Services (+5.0%) and Hayah Ins. Company (+5.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Umm Al Qaiwain General Investment Co. (-8.3%), Julphar (-3.5%) and Phoenix Group (-2.9%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 1.0% on turnover of AED 544.2 mn. Meanwhile, Nasdaq Dubai was up 1.4%.<\/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>Alliance Ins. approved the distribution of AED 30 mn in dividends<\/strong><strong> for 2024<\/strong>, representing 30% of its paid-up capital, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1765.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The payment is expected to be completed within one month.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-bank\/\">World Bank<\/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=\"103120\" 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=\"103120\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/uae-explores-strengthening-economic-ties-with-australia-and-kuwait\/\">\r\n                            UAE explores strengthening economic ties with Australia and Kuwait                        <\/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\/29\/uae-explores-strengthening-economic-ties-with-australia-and-kuwait\/\" 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 leaders discussed boosting bilateral cooperation, particularly in sectors like trade, investment, sustainability, culture, education, food security, and technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE and Australia signed an economic partnership agreement in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bcd7e26e-68de-4b65-b4c6-9a83f95008ae\/uae-and%253cmark%253e-australia%253c%2Fmark%253e-ink-trade-agreement\" style=\"\" rel=\"noopener\">November 2024<\/a>, marking Australia\u2019s first trade agreement with a country in the Mena region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE and Kuwait discuss strengthening trade and economic ties:<\/strong> Chairman of Sharjah Chamber of Commerce and Industry Abdallah Sultan Al Owais met with the Consul General of Kuwait in Dubai, Khalid Abdulrahim Al-Zaabi, and other Kuwaiti delegation members, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjemdp1-sharjah-chamber-discusses-enhancing-economic\" style=\"\" rel=\"noopener\">Wam<\/a> reports.The discussions included the exchange of trade missions and joint business events to promote mutual investments and information sharing. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/australia\/\">Australia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103122\" 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\/29\/103122-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103122\" class=\"content-area-description single-story post-103122 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>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>26 April-5 May (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adbookfair.com\/en\/adibf\" style=\"\">Abu Dhabi International Book Fair (ADIBF)<\/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>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 Behavioral 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 style=\"font-weight:400;\">1 May (Thursday): The UAE-Iraq Business Forum, Dubai.<\/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>6-7 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.capitalmarketsummit.ae\/\" style=\"\">The Capital Market 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;\">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>6-8 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gisec.ae\/\" style=\"\">GISEC<\/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>9-10 May (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bniuaeexpo.com\/\" style=\"\">BNI UAE EXPO 2025<\/a><\/span><span style=\"font-weight:400;\">, at the JAFZA One Convention Centre, 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;\">12 May (Monday): EU regulators to make a decision on Adnoc\u2019s Covestro takeover. <\/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>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>8-19 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldhealthexpo.com\/events\/healthcare\/tech\/en\/home.html\" style=\"\">WHX-Tech Expo<\/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>12-14 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\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: ADQ, IHC, FAB team up for AED-pegged stablecoin<\/p>\n","protected":false},"featured_media":103093,"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-103092","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"483604c7-5fed-4b54-bf4f-41a0d776dd9a","teaser":"Plus: ADQ, IHC, FAB team up for AED-pegged stablecoin","photo_url":"https:\/\/ent.news\/2024\/11\/157.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More appetite for UAE 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