{"id":103189,"date":"2025-05-01T00:00:00","date_gmt":"2025-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=103189"},"modified":"2025-12-15T03:37:33","modified_gmt":"2025-12-15T03:37:33","slug":"twg-global-takes-stake-in-mubadala-capital-adq-dp-world-and-omniyat-rush-to-debt-markets","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/twg-global-takes-stake-in-mubadala-capital-adq-dp-world-and-omniyat-rush-to-debt-markets\/","title":{"rendered":"TWG Global takes stake in Mubadala Capital + ADQ, DP World, and Omniyat rush to debt markets"},"content":{"rendered":"<section id=\"103191\" 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=\"103191\">\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\/05\/01\/this-morning-fuel-prices-are-up-slightly-in-may-two-new-potential-ipos-in-the-cards\/\">\r\n                            THIS MORNING: Fuel prices are up slightly in May + Two new potential IPOs in the cards                        <\/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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src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.81588905-c4fa-4693-847e-2aa27adfa6ff.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people, and welcome to the start of a new month. <\/strong>This past April has probably been the most eventful on record for global markets and news, so here\u2019s hoping for a bit more stability and calm in May. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a handful of big stories today <\/strong>\u2014 including a <strong>rush to debt markets<\/strong> from <strong>ADQ, DP World, and Omniyat<\/strong>, as market conditions begin to improve, and a landmark transaction which sees <strong>PE firm TWG<\/strong> take a <strong>5% stake in Mubadala Capital<\/strong> in return for an anchor investment. <strong>Plus: <\/strong>Abu Dhabi asset manager Lunate bought into wealth management firm Azura, which will now move its HQ to the emirate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong><strong>Dubai\u2019s<\/strong> midday heat will reach 40\u00b0C, with nighttime lows offering modest relief at 28\u00b0C. <strong>Abu Dhabi<\/strong> will see slightly milder conditions, peaking with afternoon highs at 34\u00b0C before settling at 28\u00b0C overnight.<\/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- Trump\u2019s son is optimistic about the UAE\u2019s prospects in the wake of US tariffs: <\/strong>The UAE\u2019s \u201cservice-oriented, capital-intensive economy\u201d leaves it less exposed to tariff ramifications, the US president's son Eric Trump said in an interview with <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/gulf-is-dependent-strong-america-eric-trump-says-2025-04-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Tuesday. \u201cDubai, like the entire world, thrives on a healthy, safe world, and that's what President Trump wants,\" he said, adding that the entire Gulf region is dependent on a \u201cstrong America.\u201d Trump is in the UAE for the launch of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8d1844e-38d8-46b9-8e36-8356a77e41c4\/almaden-to-invest-usd-240-mn-to-develop-a-solar-glass-plant-in-kizad\" style=\"\" rel=\"noopener\">Trump Tower<\/a> and to speak at crypto conference Token2049 in Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>US President Donald Trump is set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/05c5c511-02c2-4c56-b8a4-835553899d25\/this-morning:%253cmark%253e-trump%253c%2Fmark%253e-to-visit-middle-east-mid-may-%2B-invictus-eyes-more-acquisitions-this-year\" style=\"\" rel=\"noopener\">visit<\/a> the UAE, Saudi Arabia, and Qatar this month to discuss further Gulf investment commitments. The UAE has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e821f11d-59fa-49b1-a3ad-5a1638b9dd42\/uae-to-invest-usd%253cmark%253e-1.4-tn%253c%2Fmark%253e-in-us-over-10-years\" style=\"\" rel=\"noopener\">pledged<\/a> USD 1.4 tn in investments in the US in March to be rolled out over the next decade, in a move to expand the UAE\u2019s investments in key US sectors, including AI infrastructure, semiconductors, energy, and manufacturing.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Israel <\/strong><strong>is looking to deepen trade ties with the UAE<\/strong>, particularly Dubai, as part of a broader strategy to grow exports from USD 150 bn to USD 1 tn over the next 15 years, its Economy and Industry Minister Nir Barkat told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/israel-to-expand-trade-eastward-as-it-looks-beyond-war-economy\" style=\"\" rel=\"noopener\">Bloomberg<\/a> during a visit to the emirate. To support the push to revive its economy following its 18-month long war on Gaza, Israel has deployed sector-specific cluster managers across industries such as climate, health, defense, and technology to help companies tap into regional markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>Barkat described Dubai as a key trade and innovation hub central to Israel\u2019s long-term economic plans. He said around 600 Israeli companies have \u201cvery successfully\u201d launched in the UAE since the 2020 Abraham Accords, with many now selling goods and services across the Gulf, including in Saudi Arabia, despite the absence of formal ties.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- There\u2019s two new potential IPOs in the cards for the UAE: <\/strong>PIF-backed California firm <a target=\"_blank\" href=\"https:\/\/cloudkitchens.com\/\" style=\"\" rel=\"noopener\">CloudKitchens<\/a> is reportedly eyeing an IPO in Saudi and\/or the UAE for its Middle East unit, while Dubai-based grocery ecommerce platform <a target=\"_blank\" href=\"https:\/\/www.kibsons.com\/en\/\" style=\"\" rel=\"noopener\">Kibsons International<\/a> plans to IPO in the next few years. <\/p>\n<ul>\n<li>Ghost kitchen startup <strong>CloudKitchens<\/strong> \u2014 cofounded by Uber\u2019s former CEO Travis Kalanick \u2014 <strong>tapped Goldman Sachs to work on its potential debut<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/travis-kalanick-s-saudi-pif-backed-cloudkitchens-explores-ipo-of-mideast-unit\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter;<\/li>\n<li>Meanwhile, <strong>Kibsons is eyeing an IPO <\/strong><strong>after achieving higher operational stability and growth<\/strong>, CEO Halima Jumani told CNBC (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2025\/04\/29\/kibsons-international-ceo-on-uaes-e-commerce-scene-and-ipo-plans.html\" style=\"\" rel=\"noopener\">watch, runtime: 8:19<\/a>), citing a positive outlook thanks to a growing ecommerce industry and its large market share in the fresh produce segment.<\/li>\n<\/ul>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a> <strong>#4- <\/strong><strong>ADGM <\/strong><strong>proposes new cyber risk rules:<\/strong> The ADGM\u2019s Financial Services Regulatory Authority (FSRA) has issued a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1905.pdf\" style=\"\" rel=\"noopener\">consultation paper (pdf)<\/a> proposing new cyber risk management rules for regulated firms. The proposed framework would require firms to establish and maintain a cyber risk management framework integrated into their overall risk systems, with mandatory governance controls, incident response plans, and ongoing monitoring. The FSRA is accepting public comments on the proposal until Wednesday 11 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The proposed rules introduce a requirement to report cyber incidents within 24 hours \u2014 including weekends and public holidays \u2014 and would apply to both authorized persons and recognized bodies. Amendments would be made across several rulebooks to standardize cyber risk obligations. Firms would have six months to comply once the rules take effect.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>Dubai <\/strong><strong>International Airport (DBX<\/strong><strong>) welcomed 23.4 mn passengers in 1Q 2<\/strong><strong>025<\/strong>, up 1.5% y-o-y, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/april\/30-04\/dxb-q1-guests\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. January alone set a record with 8.5 mn passengers \u2014 DXB\u2019s highest-ever monthly traffic \u2014 and the airport recorded 111k flight movements in 1Q, a 1.9% rise from last year. Dubai International Airport is projected to handle <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f2f7e8b6-e565-454f-8666-c712bcb4a127\/this-morning:-etihad-airways-ready-for-an-ipo-but-does-not-need-the-cash,-ceo-says-%2B-adia-eyes-sale-of-50%2525-stake-in-ifco\" style=\"\" rel=\"noopener\">96-97 mn travelers<\/a> in 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India remained DXB\u2019s top destination market with 3 mn passengers<\/strong>, followed by Saudi Arabia and the UK. More passengers are now staying in the emirate rather than passing through, and the \u201cglobal centricity of Dubai\u201d is set to keep flows into Dubai steady, even if circulation recalibrates amid global trade disruptions, Dubai Airports CEO Paul Griffiths told CNBC (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2025\/04\/30\/dubai-airports-ceo-talks-about-prioritizing-speed-tech-upgrades.html\" style=\"\" rel=\"noopener\">watch: runtime: 6:14<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Sharjah airport handled over 4.5 mn travellers in 1Q 2025<\/strong>, an 8% y-o-y increase, <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4570823\/4-5-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%85%D8%B3%D8%A7%D9%81%D8%B1-%D8%B9%D8%A8%D8%B1--%D9%85%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9--%D9%81%D9%8A-3-%D8%A3%D8%B4%D9%87%D8%B1-%D8%A8%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-8\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4570823\/4-5-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%85%D8%B3%D8%A7%D9%81%D8%B1-%D8%B9%D8%A8%D8%B1--%D9%85%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9--%D9%81%D9%8A-3-%D8%A3%D8%B4%D9%87%D8%B1-%D8%A8%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-8\" style=\"\" rel=\"noopener\">Etihad<\/a> reports. The airport also recorded more than 27k aircraft movements, 52k tons of cargo, and 3k tons of combined air-sea freight operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US tariffs have added volatility to international tourism, but the Middle East has largely <\/strong><strong>maintained its visitor numbers<\/strong>, Griffiths told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dubai-airports-ceo-says-tariff-war-makes-tourism-unpredictable-2025-04-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. He attributed the region\u2019s resilience to the steady return of Chinese tourists post-pandemic. While overall passenger volumes remain stable, demand patterns\u2014particularly from the US\u2014are shifting.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#1- <\/strong><strong>Average <\/strong><strong>fuel prices will see a slight uptick this month: <\/strong>The Fuel Price Committee increased May gas prices from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/97c65e82-2275-45d6-a1ff-0ee76501b21c\/this-morning:-hello,-2q-%2B-trump-to-visit-the-uae-in-may\" style=\"\" rel=\"noopener\">April's rates<\/a>, but diesel prices will see a slight decline, according to an <a target=\"_blank\" href=\"https:\/\/x.com\/EmaratOfficial\/status\/1917532967183995055\" style=\"\" rel=\"noopener\">X post<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new breakdown per liter: <\/strong><\/p>\n<ul>\n<li>Super 98 is now AED 2.58, up from AED 2.57;<\/li>\n<li>Special 95 is AED 2.47, up from AED 2.46;<\/li>\n<li>E-Plus 91 is AED 2.39, up from AED 2.38;<\/li>\n<li>Diesel is AED 2.52, down from AED 2.63 last month.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>ADG<\/strong><strong>M <\/strong><strong>warns of fake Telegram investment scam:<\/strong> ADGM\u2019s Financial Services Regulatory Authority (FSRA) has warned the public about a fraudulent Telegram channel impersonating the ADGM and promoting fake investment schemes, it said in a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgms-fsra-issues-alert-concerning-fraudulent-scheme-fake-telegram-channel\" style=\"\" rel=\"noopener\">statement<\/a>. The channel falsely offers sure returns on investment packages ranging from AED 1k to 15k, with payouts of up to AED 700k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADGM clarified it does not operate a Telegram channel and never directly offers such investment packages.<\/strong> Individuals are urged to verify communications and check the FSRA public register before engaging with any firm claiming ADGM affiliation.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- It\u2019s the final day of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\" style=\"\" rel=\"noopener\">Arabian Travel Market<\/a><\/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- It\u2019s the second and final day of crypto conference Token2049 in Dubai. <\/strong>The crypto event, taking place in Madinat Jumeirah, is headlined by industry figures like Binance CEO Richard Teng, OKX\u2019s founder and CEO Star Xu, and Donald Trump\u2019s son, Eric Trump. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- 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 on <\/strong><strong>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>#5- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bsg.ae\/en\/bx-2025\" style=\"\" rel=\"noopener\">The Behavioral Exchange 2025 Conference (BX2025)<\/a><\/strong><strong> is wrapping up today <\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Th<\/strong><strong>e Financial Media Forum will take place today in Dubai<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjeme0p-ministry-finance-organises-2nd-edition-financial\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Media professionals, financial experts, and government officials will convene to discuss the latest developments in the financial sector, the role of media in public financial awareness, and the future role of financial media and literacy in shaping economic growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- It\u2019s the final day of the Ajman Real Estate Investment Exhibition<\/strong>, which runs until tomorrow. The exhibition brings together real estate developers, investors, and industry experts to showcase the emirate\u2019s evolving property market. <\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US is grabbing most headlines in the global business press. <\/strong>The biggest story of the day: The US\u2019 economy contracted by an annual 0.3% for the first time in three years last quarter, as President Donald Trump\u2019s trade war spurred a rush to imports. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/104ece93-c362-4d78-aaf9-ace4e314ec0c\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-04-30\/us-economy-shrinks-by-0-3-in-first-quarter\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/stockpiling-ahead-tariffs-likely-hurt-us-economy-first-quarter-2025-04-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/us-gdp-q1-2025-1f82f689?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2025\/04\/30\/gdp-trade-trump-imports-economy-00317807\" style=\"\" rel=\"noopener\">Politico<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/economy-trump-gdp-tariffs-inflation-trade-28a0da24c803c4796eb32704cd0244cc\" 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>Wall Street surprisingly shrugged off the news<\/strong>, with the S&amp;P 500 recovering from earlier losses of 2% as investors bought the dip, anticipating intervention from the US Federal Reserve to bolster the economy. The Nasdaq slid 0.1%. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/stock-market-today-dow-s-p-live-updates?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5a71b6dd-abb6-4888-8387-3e6747ca479e\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/30\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stocks are expected to extend their gains into tomorrow with futures rising on the back of a strong set of earnings<\/strong> from Microsoft \u2014 which beat analyst estimates on good Azure cloud performance and gave positive guidance for the rest of the year \u2014 and Meta, which also beat estimates as it pledged to double down on capital spending in AI infrastructure, shrugging off the impact of tariffs. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/30\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/meta-microsoft-reports-lift-ai-related-stocks-2025-04-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- The US and Ukraine inked an economic partnership that will give the US access to the Eastern European country\u2019s natural resources<\/strong>, following weeks of negotiations that stalled amid tensions over a US-Russia ceasefire agreement the US is trying to broker. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/us-and-ukraine-sign-agreement-on-access-to-natural-resources\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/kyiv-is-ready-sign-resources-deal-with-us-ukraine-government-source-says-2025-04-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1ae70f6c-6651-46e4-bc14-cfd6befc1474\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/04\/30\/world\/europe\/ukraine-minerals-deal-trump.html\" style=\"\" rel=\"noopener\">NYT<\/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. 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   UAE issuers are rushing into debt markets as investors remain bullish on the UAE amid tariff headwinds                        <\/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\/05\/01\/uae-issuers-are-rushing-into-debt-markets-as-investors-remain-bullish-on-the-uae-amid-tariff-headwinds\/\" 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          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<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103194\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/uae-issuers-are-rushing-into-debt-markets-as-investors-remain-bullish-on-the-uae-amid-tariff-headwinds\/1166-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1166.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103193\" class=\"content-area-description single-story post-103193 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-adq tag-debt tag-debt-watch tag-dp-world tag-enterpriseam-uae tag-omniyat-holdings 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\/5\/.31f0fe12-c748-4d14-a9bf-d3e26347e750.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE issuers \u2014 alongside others in the region like Saudi sovereign wealt<\/strong><strong>h fund PIF \u2014 are taking advantage of positive market conditions <\/strong>following weeks of instability with fresh issuances. Abu Dhabi sovereign wealth fund ADQ is selling a USD 1 bn dual-tranche bond, while DP World has priced a USD 1.5 bn sukuk, and Omniyat Holdings issued its debut USD 500 mn sukuk. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>\u201cMarkets were volatile in the first two weeks of April. Spreads widened as US tariff policy uncertainty weighed on sentiment,\u201d Basel Al-Waqayan, Bloomberg Intelligence\u2019s fixed-income strategist for the Middle East and Africa, told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/saudi-pif-bsf-dp-world-tap-bond-markets-in-gulf-sukuk-surge?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. \u201cNow primary markets are more constructive on the back of US Treasury rates rallying back \u2014 so issuers can price competitively.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>ADQ<\/strong><strong> p<\/strong><strong>rices dual tran<\/strong><strong>che issuance at USD 1 bn:<\/strong> ADQ has priced its USD 1 bn dual tranche five- and 10-year benchmark senior unsecured notes after they received strong investor interest, with books exceeding USD 7 bn, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/adq-prices-1bln-dual-tranche-bond-after-books-of-7bln-phbq4394\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing investor information it has seen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details:<\/strong><span style=\"background-color: transparent;\"> The five year-tranche has a coupon rate of 4.50%, with a 4.635% yield and a spread of 85 basis points above US Treasuries of similar maturities. The 10-year tranche has a coupon rate of 5%, yield of 5.129%, and a spread of 95 basis points above US Treasuries. The notes\u2019 spreads tightened overnight following strong demand from investors on Tuesday, narrowing from initial price thoughts of 115 basis points above US Treasuries for the five-year notes and 125 for the 10-year notes.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A vote of confidence: <\/strong>The order book interest for the issuance \u201csignals robust investor confidence in Abu Dhabi\u2019s economic fundamentals and sovereign-linked credit quality,\u201d National Bank of Kuwait\u2019s Issa Hijazeen told EnterpriseAM. \u201cThis issuance comes only a few days after Adnoc\u2019\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/476c40f8-92bc-4500-9508-f87e7215d7b5\/%253cmark%253eadnoc%253c%2Fmark%253e-closes-usd-1.5-bn-debut-sukuk\" style=\"\" rel=\"noopener\">first ever issuance<\/a> of Islamic sukuk of USD 1.5 bn, pointing to the confidence in the UAE economy despite mounting headwinds,\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>The 144A and Reg S notes will be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e37daf7-8f16-4a91-9b1e-250d44646ce6\/adq-to-tap-debt-markets-with-new-dual-tranche-offering\" style=\"\" rel=\"noopener\">listed<\/a> on the London Stock Exchange, with settlement scheduled for 6 May. Proceeds from the latest issuance will be used for general corporate purposes, ADQ said previously.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The participants:<\/strong> Active joint lead managers and active bookrunners include Abu Dhabi Commercial Bank (ADCB), Barclays, Citibank, Emirates NBD Capital, HSBC, Industrial and Commercial Bank of China (ICBC), and IMI Intesa Sanpaolo. First Abu Dhabi Bank acted as passive bookrunner.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>This is the third dual-tranche issuance under ADQ\u2019s Global Medium Term Note Program, which was launched in 2024 as the sovereign fund sought to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5bde87eb-fb4c-4146-9851-d96c222dfdcb\/adq-to-sell-first-usd-denominated%253cmark%253e-bonds%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">diversify its funding<\/a> sources for future acquisitions. The program debuted with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ad6baf1a-7061-416a-8289-f0a45370d103\/adq%E2%80%99s-maiden-usd-2.5-bn-bond-lists-on-london-stock-exchange\" style=\"\" rel=\"noopener\">USD 2.5 bn<\/a> dual-tranche issuance last May, which was 4.4x oversubscribed with over USD 11 bn in orders, followed by a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93d83442-65c9-4ab9-9dea-742afe69f95c\/adq-raises-usd-2-bn-in-second-bond-issuance-this-year\" style=\"\" rel=\"noopener\">USD 2 bn<\/a> two-part offering in September that attracted USD 8 bn in bids.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>DP World also <\/strong><strong>priced a USD 1.5 bn sukuk<\/strong>, drawing some USD 3.6 bn in orders, Bloomberg reported, citing sources in the know. The sukuk will be issued on 8 May, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/ipts-out-for-dp-worlds-10-year-us-dollar-benchmark-sukuk-mg7q0dhe\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The 144A Reg S sukuk attracted orders exceeding USD 3 bn, including a joint lead manager interest of USD 151. The initial price guidance was set at 175 basis points above US Treasuries. DP World\u2019s special purpose entity, DP World Crescent, held investor calls for this issuance earlier this week, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/dp-world-to-hold-investor-calls-for-10-year-us-dollar-sukuk-ffaajeg2\" style=\"\" rel=\"noopener\">Zawya<\/a> reported earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The debt instrument will be under DP World\u2019s USD 7.5 mn trust certificate issuance program and will be a manafae structure.<\/strong> The proceeds of this issuance will go towards general corporate purposes. The sukuk are set to be listed on the London Stock Exchange and Nasdaq Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Our friends at Mashreq, along with ADCB, Citi, Deutsche Bank, DIB, Emirates NBD, FAB, HSBC, JP Morgan, Soci\u00e9t\u00e9 Generale, and Standard Chartered Bank will act as joint bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> DP World issued the Mena region\u2019s first blue bond worth <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6af1e7da-e912-4ebc-b79f-99bf0a4b2c3a\/%253cmark%253edp-world%253c%2Fmark%253e-issues-mena%25e2%2580%2599s-first-blue-bond\" style=\"\" rel=\"noopener\">USD 100 mn<\/a> back in December 2024. It was also looking to raise at least <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5f028b1f-b5ea-4611-bc4d-3cde361b564c\/dp-world-to-issue-usd-1-bn-maiden-green-sukuk\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> from a 10-year USD-denominated green sukuk issuance in 2023. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>Dubai-based d<\/strong><strong>eveloper Omniyat Holdings maiden USD 500 mn green sukuk issuance<\/strong> <strong>was 3.6x oversubscribed<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/bank-of-sharjah-acts-as-joint-lead-manager-and-bookrunner-in-a-500mln-green-sukuk-issuance-for-omniyat-holdings-hjr3y7h2\" style=\"\" rel=\"noopener\">a press release<\/a>. The issuance was upsized from USD 400 mn initially and priced at a yield of 8.375%, slightly tightened from early guidance in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/06e2871b-d7e3-463b-aa25-f5b4d2ee97e0\/%252525d8%252525a3%252525d9%25252585%252525d9%25252586%252525d9%2525258a%252525d8%252525a7%252525d8%252525aa-%252525d8%252525a7%252525d9%25252584%252525d9%25252582%252525d8%252525a7%252525d8%252525a8%252525d8%252525b6%252525d8%252525a9-%252525d8%252525aa%252525d8%252525b5%252525d8%252525af%252525d8%252525b1-%252525d8%252525b5%252525d9%25252583%252525d9%25252588%252525d9%25252583%252525d9%25252587%252525d8%252525a7-%252525d8%252525a7%252525d9%25252584%252525d8%252525ae%252525d8%252525b6%252525d8%252525b1%252525d8%252525a7%252525d8%252525a1-%252525d9%2525258a%252525d9%25252588%252525d9%25252585-6-%252525d9%25252585%252525d8%252525a7%252525d9%2525258a%252525d9%25252588-%252525d8%252525a7%252525d9%25252584%252525d9%25252585%252525d9%25252582%252525d8%252525a8%252525d9%25252584..-%252525d9%25252588%252525d8%252525aa%252525d8%252525ad%252525d8%252525af%252525d8%252525af-%252525d8%252525a7%252525d9%25252584%252525d8%252525b3%252525d8%252525b9%252525d8%252525b1-%252525d8%252525a7%252525d9%25252584%252525d8%252525a7%252525d8%252525b3%252525d8%252525aa%252525d8%252525b1%252525d8%252525b4%252525d8%252525a7%252525d8%252525af%252525d9%2525258a-%252525d8%252525a7%252525d9%25252584%252525d8%252525a3%252525d9%25252588%252525d9%25252584%252525d9%2525258a-%252525d9%25252581%252525d9%2525258a-%252525d9%25252586%252525d8%252525b7%252525d8%252525a7%252525d9%25252582-8%25252525\" style=\"\" rel=\"noopener\">8% range<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The issuance marks Omniyat\u2019s shift from private loan markets to public debt, and signals rising demand for green-labelled instruments from UAE real estate players. It also adds to the momentum in regional ESG debt issuance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Our friends at Mashreq, along with Citi, ADCB, DIB, ENBD Capital, JP Morgan, and Standard Chartered Bank are the joint global coordinators. Mashreq, Citi, ADCB, Ajman Bank, Bank of Sharjah, CBD, DIB, ENBD Capital, FAB, JP Morgan, Kamco Invest, RAKBANK, Sharjah Islamic Bank, Standard Chartered and Warba Bank are joint lead managers and joint book runners.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/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\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/omniyat-holdings\/\">Omniyat Holdings<\/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=\"103195\" 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=\"103195\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/bnaire-led-pe-firm-twg-global-takes-stake-in-mubadala-capital-in-return-for-multi-bn-usd-investment\/\">\r\n                            B\u2019naire-led PE firm TWG Global takes stake in Mubadala Capital in return for multi-bn USD investment                        <\/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\/05\/01\/bnaire-led-pe-firm-twg-global-takes-stake-in-mubadala-capital-in-return-for-multi-bn-usd-investment\/\" 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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TWG also has an option to increase its stake as the partnership evolves, a Mubadala spokesperson told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/twg-takes-stake-in-mubadala-capital-with-2-5-billion-commitment?utm_source=website&amp;utm_medium=share&amp;utm_campaign=linkedin?sref=YX0aeoLL&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. In return, Mubadala Capital will anchor a USD 10 bn syndicated investment in TWG\u2014part of the latter\u2019s larger USD 15 bn equity raise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER-<\/strong><span style=\"background-color: transparent;\"> This marks only the second time ever that Mubadala Capital has taken on outside equity investors. The first was during its <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d9d99b28-e73e-439a-b9d2-ca8fb30b2e65\/mubadala-subsidiaries-acquire-stakes-in%253cmark%253e-silver-rock%253c%2Fmark%253e,-zelis\" rel=\"noopener\">42% stake in Silver Rock Financial<\/a><span style=\"background-color: transparent;\">, which brought in three new equity owners: Silver Rock CEO Carl Meyer, Co-founder Michael Haberkorn, and M-Cor Capital, the investment arm of the Milken Family Office. Sovereign wealth funds\u2014especially those based in the UAE\u2014rarely give up equity, making this transaction with TWG a rare move in an otherwise tightly held space.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money going?<\/strong> TWG plans to deploy the fresh capital into proprietary investment opportunities, TWG\u2019s <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250429513906\/en\/TWG-Global-and-Mubadala-Capital-to-Enter-Multi-Billion-Dollar-Investment-Alliance\" style=\"\" rel=\"noopener\">Mark Walter said<\/a>. \u201cWe are strengthening our joint abilities to access and scale high-quality investment opportunities globally,\u201d said Mubadala Capital CEO Hani Barhoush.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> TWG and its partners are eyeing an additional USD 20 bn in long-term capital commitments to deepen the partnership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>The landmark transaction is also an indicator of a change in dynamics between sovereign wealth funds and private equity firms \u2014 which were historically straightforward: Private equity firms would raise funds from SWFs, who acted as limited partners. The reversal is a sign that SWFs are shedding their roles as passive investors chasing returns, and turning into \u201cdynamic builders of asset management empires,\u201d <a target=\"_blank\" href=\"https:\/\/globalswf.com\/news\/a-landmark-in-global-investing-why-the-twg-mubadala-capital-deal-breaks-new-ground\" style=\"\" rel=\"noopener\">Global SWF<\/a> said in a note commenting on the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition also gives Mubadala exposure to a host of assets in the sports and leisure<\/strong><strong> sector:<\/strong> TWG Global\u2019s portfolio includes the LA Dodgers, Lakers, and Chelsea FC, as well as stakes in Guggenheim Investments and Palantir-related AI ventures. Mubadala itself has been investing in sports assets for a while, including in US-based sports broadcaster YES Network, through its <a target=\"_blank\" href=\"https:\/\/www.mubadalacapital.ae\/en\/news\/mubadala-capital-closes-private-equity-fund-iii-total-commitments-16-billion\" style=\"\" rel=\"noopener\">MIC Capital Partners Fund III<\/a>. It was also <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/uaes-mubadala-capital-talks-buy-20-brazilian-soccer-league-971-mln-2022-11-08\/\" style=\"\" rel=\"noopener\">in talks to buy a stake<\/a> in Brazilian soccer league Libra a few years back. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103197 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"103197\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/103197-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103197\" class=\"content-area-description single-story post-103197 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103198\" 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=\"103198\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/asset-manager-lunate-buys-into-azura-partners\/\">\r\n                            Asset manager Lunate buys into Azura Partners                        <\/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\/05\/01\/asset-manager-lunate-buys-into-azura-partners\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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While the financial terms of the transaction were not disclosed, the acquisition will help Azura scale its assets under management, broaden its product suite, hire top talent, and roll out advanced tech. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Abu Dhabi \u2014 the new Monaco? <\/strong><span style=\"background-color: transparent;\">The agreement will see Azura relocate its headquarters from Monaco to Abu Dhabi. Post-acquisition, the firm\u2019s founder and team will retain control of the company, and its operations will remain independent from Lunate\u2019s.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Abu Dhabi is pitching itself as a magnet for global wealth offering a low-tax environment and an increasingly sophisticated regulatory setup. \u201c[The emirate] has become a home for ultra-high net worth individuals and a hub for family offices,\u201d Azura Founder, Chairman and CEO, Ali Jamal said. \u201cIts emergence as a leading financial center presents immense opportunities,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lunate\u2019s play:<\/strong> The investment gives Lunate exposure to the fast-growing wealth management space and a way to deepen its presence across the private capital stack. Azura offers direct access to high-net-worth individual clients and a platform to distribute alternative investment products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Azura:<\/strong> Founded in 2019, the wealth management firm has USD 5 bn in AUM with a global footprint spanning seven offices, namely Monaco, London, New York, Geneva, Miami, Singapore and Dubai. The firm offers investment management, advisory, and private wealth solutions to ultra-high-net-worth individuals, entrepreneurs, and single-family offices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story was also picked up by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-30\/wealth-firm-azura-swaps-monaco-for-abu-dhabi-after-lunate-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lunate\/\">Lunate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103200\" 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=\"103200\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/africa-focused-trading-house-atmin-to-be-set-up-in-dubai\/\">\r\n                            Africa-focused trading house Atmin to be set up in Dubai                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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\/05\/01\/africa-focused-trading-house-atmin-to-be-set-up-in-dubai\/\" 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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Afreximbank will operate as Atmin\u2019s controlling shareholder, sources said, while employees will retain around 15% of the company. The exact investment figure Afreximbank is plugging into the venture was not disclosed by the bank.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cAfreximbank-affiliated trading entity Atmin will\u2026 participate actively in the trading and financing activities of the leading African oil trading companies with long-term relationships with Afreximbank who are also expected to support this effort,\u201d the bank noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s behind the venture? <\/strong>The trade house will be headed by Shell\u2019s 17-year veteran Ajay Oommen (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ajay-oommen-747236291\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who headed the firm\u2019s low sulphur crude desk, a department which oversaw the trade of some 1.5 mn barrels per day of oil, the sources said. It will also include Vikram Thakur (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/vikramsthakur\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who headed business development at Shell and spent 18 years at the firm. It will also tap Joseph Kanaan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/joseph-kanaan-2531a522\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) \u2014 who brings his 11 years of experience as a trader at Shell.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bank\u2019s push into African oil trade:<\/strong> Afreximbank just launched a USD 3 bn revolving intra-African oil trade financing program to support the purchase of refined petroleum products by African and Caribbean oil buyers, the bank noted in a <a target=\"_blank\" href=\"https:\/\/www.afreximbank.com\/afreximbank-launches-us3-billion-revolving-intra-african-oil-import-financing-programme\/\" style=\"\" rel=\"noopener\">statement<\/a>. The figure is earmarked to provide trade finance to oil traders, banks, and governments. Africa spends some USD 30 bn annually on fuel imports \u2014 and Afreximbank\u2019s revolving facility is forecasted to fund some <a target=\"_blank\" href=\"https:\/\/www.afreximbank.com\/afreximbank-launches-us3-billion-revolving-intra-african-oil-import-financing-programme\/\" style=\"\" rel=\"noopener\">USD 10 bn to USD 14 bn<\/a> in Intra-African petroleum imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context:<\/strong> The continent is witnessing a drop in oil and gas production due to under-investment, as Western banks and major oil players shy away from Africa. That said, the continent\u2019s bns of oil and gas barrels are at risk of sitting idle, as global producers sprint to extract as many resources as possible in the wake of the energy transition capping demand for fossil fuels.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103202\" 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=\"103202\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/\">\r\n                            Khazna to build 100 MW data center in T\u00fcrkiye as part of regional expansion drive                        <\/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\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/\" 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\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/')\">\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\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/\">\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=Khazna to build 100 MW data center in T\u00fcrkiye as part of regional expansion drive&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/\">\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\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/&title=Khazna to build 100 MW data center in T\u00fcrkiye as part of regional expansion drive\">\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=Khazna+to+build+100+MW+data+center+in+T%C3%BCrkiye+as+part+of+regional+expansion+drive+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F01%2Fkhazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive%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\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103203\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/khazna-to-build-100-mw-data-center-in-turkiye-as-part-of-regional-expansion-drive\/2489-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2489.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2489.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103202\" class=\"content-area-description single-story post-103202 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-artificial-intelligence tag-enterpriseam-uae tag-investment-watch tag-khazna-data-centers tag-tech wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.819784f8-e213-4376-8493-f9b570f58306.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based Khazna Data Centers is entering the Turkish market <\/strong>with plans to build a 100 MW AI-ready data center in the Ba\u015fkent Organized Industrial Zone in Ankara, according to a company <a target=\"_blank\" href=\"https:\/\/www.khazna.ae\/news\/g42s-khazna-data-centers-expands-into-turkiye-to-support-countrys-ai-ambitions\/\" style=\"\" rel=\"noopener\">statement<\/a>. The facility will support AI, cloud, and other high-density computing workloads, and more Khazna investments in Turkey will follow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">We saw this coming:<\/strong><span style=\"background-color: transparent;\"> CEO Hassan Al Naqbi said <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-the-uae%25e2%2580%2599s-largest%253cmark%253e-data%253c%2Fmark%253e-center\" rel=\"noopener\">last October<\/a><span style=\"background-color: transparent;\"> that Khazna was pursuing regional expansion, with ongoing projects in Egypt and Saudi Arabia, and potential entries into Turkey and Southeast Asia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> The Ankara facility will be built in phases, beginning with a cloud-focused design to be scaled up. Khazna plans to appoint a general contractor in 2Q 2025. The project will include solar panels, low-GWP refrigerants, wastewater reuse systems, and generators compatible with HVO fuel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Turkey\u2026 and why now?<\/strong> Turkey has seen a 198% increase in AI talent concentration since 2016, according to Stanford\u2019s 2025 AI Index. The project also follows more than <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/turkeys-erdogan-ends-gulf-tour-with-abu-dhabi-visit-2023-07-19\/\" style=\"\" rel=\"noopener\">USD 50 bn<\/a> in UAE-Turkey strategic agreements signed in 2023 covering energy and technology cooperation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Khazna\u2019s not alone: <\/strong>UAE-based Damac\u2019s data center arm Edgnex and Vodafone Turkey are jointly developing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/762b69c2-d781-4ca5-b5d1-04febd532ef4\/dragon-oil-has-usd-500-to-invest-in-egypt-%2B%253cmark%253e-edgnex%253c%2Fmark%253e-to-invest-in-turkey-data-center\" style=\"\" rel=\"noopener\">USD 100 mn<\/a>, 6 MW facility in Izmir which is due online this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, back home: <\/strong>Khazna is expanding its UAE footprint with two new 30 MW data centers \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93acae81-1742-4d34-b853-4512e6a248f9\/uae%253cmark%253e-data%253c%2Fmark%253e-center-infrastructure-gets-a-boost-courtesy-of%253cmark%253e-khazna%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">AUH4 in Mafraq and AUH8 in Masdar City<\/a> \u2014 set to come online by 2H 2026. Its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-the-uae%25e2%2580%2599s-largest%253cmark%253e-data%253c%2Fmark%253e-center\" style=\"\" rel=\"noopener\">100 MW QAJ1 Ajman facility<\/a> is also expected to be completed in December 2026. All three are designed for AI workloads and will include liquid cooling and automated energy systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>The company is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5529d572-6a93-473b-aa84-d0c46e3062e3\/this-morning:%253cmark%253e-khazna-data-centers%253c%2Fmark%253e-eyes-ksa-expansion-%2B-shurooq-expands-tourism,-hospitality-portfolio-with-two-new-projects\" style=\"\" rel=\"noopener\">advancing construction<\/a> in Saudi Arabia, where it aims to capture 25% of the local market, and is finalizing a location for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/khazna-to-build-the-uae%25e2%2580%2599s-largest-data-center\" style=\"\" rel=\"noopener\">USD 250 mn data center in Egypt<\/a>, due by 2026. Development is also underway in Kenya. Khazna is backed by a USD 5.5 bn valuation following a <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\">shareholder reshuffle<\/a> involving MGX and Silver Lake.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/khazna-data-centers\/\">Khazna Data Centers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103204\" 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=\"103204\">\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\">ENTERPRISE EXPLAINS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/enterprise-explains-open-finance-in-the-uae\/\">\r\n                            Enterprise Explains: Open finance in the UAE                        <\/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\/05\/01\/enterprise-explains-open-finance-in-the-uae\/\" 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\/05\/01\/enterprise-explains-open-finance-in-the-uae\/')\">\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\/05\/01\/enterprise-explains-open-finance-in-the-uae\/\">\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=Enterprise Explains: Open finance in the UAE&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/enterprise-explains-open-finance-in-the-uae\/\">\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\/05\/01\/enterprise-explains-open-finance-in-the-uae\/&title=Enterprise Explains: Open finance in the UAE\">\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=Enterprise+Explains%3A+Open+finance+in+the+UAE+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F01%2Fenterprise-explains-open-finance-in-the-uae%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\/05\/01\/enterprise-explains-open-finance-in-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2390.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103205\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/enterprise-explains-open-finance-in-the-uae\/2390-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2390.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2390.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2390.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2390.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103204\" class=\"content-area-description single-story post-103204 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-explains tag-banking tag-enterprise-explains tag-enterpriseam-uae tag-fintech tag-open-banking tag-open-finance 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\/.d4745f97-f16f-4f5f-9c8e-2a850df28c46.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Last year, the Central Bank of the UAE (CBUAE) issued open finance regulations for the<\/strong><strong> country<\/strong>, with the rules setting up a framework to license and supervise Open Finance operations in the UAE\u2019s financial sector. Last week saw the first fintech \u2014 Pay10 \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a97d2bd-f426-4e6e-a834-f5101dd446d5\/uae-central-bank%25e2%2580%2599s%253cmark%253e-open-finance%253c%2Fmark%253e-framework-debuts-with-first-fintech-authorization\" style=\"\" rel=\"noopener\">go live<\/a> under the framework, allowing it to launch payment initiation services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Enterprise had a chat with Executive Vice President and Head of Digital for Mashreq\u2019s Retail Banking Group Corey Thompson<\/strong><span style=\"background-color: transparent;\"> to explain what open finance is, what the regulations mean, and how ready major institutions in the UAE are for the framework rollout.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Open finance is essentially the sharing of financial data and services by financial institutions with third-party providers<\/strong> (also known as TPPs). These third parties can be other banks, fintech companies, or even non-financial entities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While the concept of open finance is broad, in the UAE, it\u2019s being implemented through a specific regulatory framework.<\/strong> This framework enables financial institutions to share data and services with other financial or non-financial institutions that have been licensed under the new Open Finance regulations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many people are familiar with \u201copen banking,\u201d which has been present in Europe for some time. Open finance is an extension of this concept.<\/strong> Open banking was limited to the sharing of \u2018banking\u2019 data and services, while open finance encompasses a wider range of financial institutions, including insurers, wealth managers, and exchange houses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In practice, what does that mean?<\/strong> Open finance involves two main activities \u2014 data sharing and service initiation. Data sharing includes sharing transaction histories, which can be used for various purposes like aggregating accounts across banking relationships, generating insights on spending patterns to help customers save, supporting credit decisions, or identifying financial needs for customers. On the service initiation side, this is primarily focused on payments and allows third-party providers to initiate payments on behalf of a customer, either as a one-off transaction or on a recurring basis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are the benefits of open finance? <\/strong>The Central Bank is introducing open finance to drive innovation. By enabling the sharing of financial data and services, it aims to facilitate the creation of new financial products and services by banks, non-banks, fintech companies, and other institutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Customers can benefit through greater financial transparency, simplicity and reduced friction.<\/strong> Customers can view their accounts across multiple banks in a single app, eliminating the need to log in to each bank separately. Businesses can also use open finance to receive payments from customers without requiring them to use a credit card. For example, a subscription service could directly debit a customer\u2019s account. This could also be used to streamline payments to merchants.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Open finance is expected to foster a broader range of innovative financial services and products<\/strong>, and increase competition in the market, as money becomes more mobile. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While data privacy is often a concern when the question of data sharing comes into play, open finance is tightly regulated to address data privacy risks.<\/strong> A common misconception is that open finance allows fintech companies or aggregators to freely access customer data, which is not the case, Thompson says. \u201cA fundamental principle of open finance is customer consent. Customers must explicitly authorize a third-party provider (TPP) to access their data or initiate services on their behalf.\u201d This consent is provided to the customers\u2019 bank and must be specific, time-bound, and scenario-specific. \u201cFor instance, a customer would need to grant specific permission for a TPP to access their data from a particular bank for a defined purpose<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">and duration,\u201d he explains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the UAE, TPPs must be licensed under the Central Bank\u2019s open finance regulations. This is a key difference from open banking in Europe<\/strong>, where such licensing is not always required. This licensing regime ensures that TPPs adhere to strict data privacy and security standards. They must demonstrate this adherence to obtain a license and will be supervised by the Central Bank, to ensure ongoing compliance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some players in the ecosystem are better-positioned than others to adapt to the new regulations.<\/strong> \u201cIn the case of Mashreq, we\u2019re already well progressed with the modernization of our tech stack and some aspects of open finance converge well with our existing digital roadmap. There is extra work for us to do \u2014 it\u2019s not trivial. But we\u2019re also looking at this as an opportunity to improve the overall customer experience, and performance for the bank holistically,\u201d Thompson says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cAs a bank, Mashreq is regulated to be a \u2018supplier\u2019 to open finance \u2014 making data sharing and payment services available for Open Finance<\/strong> \u2014 but we also could participate as a TPP, on the other side of open finance,\u201d he said. \u201cSo, a question that we\u2019re looking at is: If we were a TPP, how can we leverage open finance to complement Mashreq\u2019s existing digital capabilities, like advanced analytics and AI, to deliver a superior experience for our customers.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/enterprise-explains\/\">ENTERPRISE EXPLAINS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/open-banking\/\">open banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/open-finance\/\">open finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103206\" 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=\"103206\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/more-1q-earnings-mashreq-borouge-americana-dae-alef-education\/\">\r\n                            More 1Q earnings: Mashreq | Borouge | Americana | DAE | Alef Education                        <\/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\/05\/01\/more-1q-earnings-mashreq-borouge-americana-dae-alef-education\/\" 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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Revenues came in at AED 3.1 bn for the quarter, down 0.7% y-o-y. The bank\u2019s \u201cclient asset growth and healthy client margins helped cushion the impact of the 100 bps reduction in the UAE Central Bank\u2019s interest rate,\u201d according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1964.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the performance:<\/strong> The lender saw a 14% y-o-y jump in loans and advances, a 10% rise in customer deposits, and double-digit growth in non-interest income. Total assets reached AED 273 bn, up 9% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThese results reflect the continued strength of our diversified business model and our disciplined execution, even amid a more measured interest rate environment,\u201d CEO Ahmed Abdelaal said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> \u201cWe remain focused on scaling our Banking-as-a-Service model, deepening embedded finance capabilities, and accelerating the deployment of AI-driven solutions to deliver seamless, hyperpersonalized client experiences,\u201d Abdelaal said.<\/p>\n<p class=\"tag-border-left\">BOROUGE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc petrochemicals JV Borouge reported a<\/strong><strong> 2.9% y-o-y rise<\/strong><strong> in net income to <\/strong><strong>USD 281 <\/strong><strong>mn in 1Q 2025<\/strong>, driven by increased production and a 10.3% y-o-y uptick in total sales volume to 1.3 mn tonnes, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1902.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues came in at USD 1.4 bn, up 9.1% y-o-y, supported by a 13.2% volume growth in polypropylene and gains of 7.6% in polyethylene, according to figures in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1903.pdf\" style=\"\" rel=\"noopener\">management report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Borouge continued to outperform its pricing benchmarks<\/strong>, with average premiums of USD 224 per tonne for polyethylene and USD 154 for polypropylene, and an asset utilization rate of 98% helped production reach an all-time high in March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong>A planned turnaround at Borouge 3 is expected to cut 2Q 2025 output by 320k tonnes, but the company reaffirmed its pricing outlook and focus on high-margin products and regional allocation. Two <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aa69bc5d-2fbe-4f85-87db-041da1f29eb5\/adnoc%25e2%2580%2599s-borouge-looks-to-boost-production-capacity-to-6.6-mn-tonnes-by-2028\" style=\"\" rel=\"noopener\">newly signed contracts<\/a> aim to boost capacity beyond 6.6 mn tpa by 2028, with expected annual EBITDA of AED 600-730 mn once operational. Borouge is also executing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c070c2d9-1896-43fe-a9af-fd7546694c40\/china-braces-for-a-fight-to-the-end-against-us-tariffs\" style=\"\" rel=\"noopener\">2.5% share buyback<\/a>, having repurchased 64 mn shares to date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The company plans on an annual dividend distribution equal to 16.2 fils per share between 2025 and 2030. Following the expected completion of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/46ad08b5-3b9f-44ce-ab12-62c88fa77e81\" style=\"\" rel=\"noopener\">USD 60 bn merger with Borealis and Nova Chemicals<\/a> in 1Q 2026, Borouge is targeting an annual dividend of USD 2.2 bn \u2014 implying a 6.3% yield at current share prices.<\/p>\n<p class=\"tag-border-left\">AMERICANA RESTAURANTS INTERNATIONAL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>-headquartered<\/strong><strong> restaurant giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.americanarestaurants.com\/\" style=\"\" rel=\"noopener\">Americana Restaurants International<\/a><\/strong><strong> saw its bottom <\/strong><strong>line grow <\/strong><strong>19.8%<\/strong><strong> y-o-y in 1Q 2025<\/strong>, reaching USD 31.9 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1898.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues also surged by 16.2% y-o-y to USD 573.4 mn in 1Q.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Americana\u2019s growth was mainly fueled by higher sales and the company\u2019s expansion of its store footprint<\/strong>, which now totals 2.6k outlets across 12 countries, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1899.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s growth in net income attributable to the parent company shareholders, up 16.5% y-o-y to USD 32.6 mn, was supported by its strong topline and improved gross margins through cost-cutting measures.<\/p>\n<p class=\"tag-border-left\">DUBAI AEROSPACE ENTERPRISE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai A<\/strong><strong>erospace Enterprise (DAE) recorded a 26.5% y-o-y growth in its bottom line to USD<\/strong><strong> 85.8 mn in 1Q 2025<\/strong><strong>, <\/strong>which the firm attributed to increased operating net income largely counterbalanced by high net finance costs and income tax expenses during the quarter, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1927.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The firm\u2019s topline increased by 15.2% y-o-y to USD 395.9 mn during the same period. The company onboarded 13 owned and six managed aircraft in 1Q as well as sold 11 owned and four managed aircraft. <\/p>\n<p class=\"tag-border-left\">ALEF EDUCATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alef Education reported a 2% y-o-y increase in net income to AED 115.3 mn in 1Q 2025<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1975.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The bottom-line performance was supported by effective cost management and scalable growth, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1974.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues rose 1.7% y-o-y to AED 179.7 mn, driven by strong performance in its education solutions segments, while the support and services segment delivered stable revenue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> Alef Education reiterated its plan to distribute AED 135 mn in dividends for FY 2025, equivalent to around 10 fils per share for free float shareholders.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/alef-education\/\">Alef Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/americana\/\">Americana<\/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\/dubai-aerospace-enterprise\/\">Dubai Aerospace Enterprise<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103208\" 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=\"103208\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/uae-egypt-to-cooperate-on-space-projects\/\">\r\n                            UAE, Egypt to cooperate on space 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\/05\/01\/uae-egypt-to-cooperate-on-space-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The agreement, signed on the sidelines of NewSpace Africa and the Arab Space Cooperation Group meeting, sets a long-term framework for collaboration on scientific research and development, technology exchange, and joint space projects in areas such as Earth observation, navigation, and space situational awareness. <\/p>\n<p class=\"tag-border-left\">PORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Hutchinso<\/strong><strong>n offers container services at Saqr Port:<\/strong> Saqr Port Authority-managed Ras Al Khaimah Ports (RAK Ports) has inked an extension agreement with Hong Kong-based Hutchison Port Holdings to continue to offer its container terminal services at Saqr Port until 2037, according to a <a target=\"_blank\" href=\"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/saud-bin-saqr-witnesses-signing-of-extension-agreement-between-rak-ports-hutchison-port-holdings\/\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement should help further boost links between Saqr Port \u2014 the region\u2019s biggest bulk-handling port \u2014 and Asian markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Dubai\u2019<\/strong><strong>s Ports, Customs, and Free Zone Corporation launched its new arm Digit<\/strong><strong>al Zero 4<\/strong><strong>,<\/strong> a digital window specializing in smart transformation in business operations, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/ar\/news\/2025\/april\/30-04\/pcfc-launches-digital-zero-four\" style=\"\" rel=\"noopener\">statement<\/a>. The platform will serve as a commercial front for integrating technological and AI supported solutions in the logistics sector, including commercial licensing, civil engineering, port security, maritime operations, and advanced customs processing.<\/p>\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>Gate <\/strong><strong>Group secures full crypto license in Dubai: <\/strong>Gate Dubai, part of global crypto player Gate Group, has obtained a virtual asset service provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority to provide crypto exchange services to institutional, qualified, and retail investors, the company said in an <a target=\"_blank\" href=\"https:\/\/www.gate.io\/announcements\/article\/44723\" style=\"\" rel=\"noopener\">announcement<\/a>. The firm is now ramping up local hiring and preparing to launch its platform offering crypto-to-crypto and fiat-to-crypto trades.<\/p>\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>JA <\/strong><strong>Sports &amp; Shooting Club launches AED 300 mn Dubai complex:<\/strong> Construction is underway on Dubai\u2019s JA Sports &amp; Shooting Club, a multi-sport complex with an investment ticket of over AED 300 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.jaresortshotels.com\/media-centre\/ja-sports---shooting-club-set-to-become-a-leading-sports-hub-in-dubai\" style=\"\" rel=\"noopener\">press release<\/a>. The complex will open over several phases starting from the end of this summer. The facility includes six international-standard football pitches, a cricket oval, a 15k sqm indoor shooting range, and integrated cycling and jogging tracks linked to the group\u2019s hotels.<\/p>\n<p class=\"tag-border-left\">M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Dubai<\/strong><strong>-based real estate and private equity firm Sweid &amp; Sweid acquired Aurora<\/strong> <strong>Tower<\/strong>, a 27-story office building in Dubai Media City, for an undisclosed sum, according to a <a target=\"_blank\" href=\"https:\/\/sweidandsweid.com\/sweid-sweid-completes-acquisition-of-office-tower-in-dubai-media-city\/\" style=\"\" rel=\"noopener\">press release<\/a>. The 223k sq ft Grade-A asset \u2014 home to tenants including Spotify, Universal Music Group, Nielsen, and The Economist Group \u2014 marks the firm\u2019s fourth project in the district.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The firm recently secured an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/68c49f33-bfdb-45c6-9888-e98176cc184a\/logic-holding-acquires-majority-stake-in-nexel-to-expand-gcc-presence\" style=\"\" rel=\"noopener\">AED 460 mn amortizing term loan<\/a> from Arab Bank to finance Sweid One, its 500k sq ft Grade-A office tower in Jumeirah Lakes Towers. The project, which the developer unveiled <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9344f7a2-51e3-452f-85f3-920f61768fa4\/dp-world-breaks-ground-on-logistics-park-in-egypt%25e2%2580%2599s-ain-sokhna-port-%2B-smes-are-going-greener\" style=\"\" rel=\"noopener\">in 2023<\/a> in partnership with Dubai Multi Commodities Center, is scheduled for completion in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- T<\/strong><strong>ada<\/strong><strong>wul-listed<\/strong> <strong>Walaa ins. inches closer to acquiring 88% of Dubai-based<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/aspireuw.com\/\" style=\"\" rel=\"noopener\">Aspire<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/aspireuw.com\/\" style=\"\" rel=\"noopener\">Underwriting Agency<\/a><\/strong><strong> for SAR 68 mn <\/strong>after it had lined up approval from the Ins. Authority, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86821&amp;anCat=1&amp;cs=8060&amp;locale=ar\" style=\"\" rel=\"noopener\">a filing<\/a> to Tadawul. The transaction, which is still pending approval from the Dubai Financial Services Authority, is part of Walaa\u2019s strategy to expand its inbound reins. footprint. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Janikin Energy, a global engineering staffing firm, acquired a stake in Dubai-based<\/strong><strong> Diverse Resourcing<\/strong>, aiming to enhance its recruitment capabilities in the UAE, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/kt-network\/janikin-energy-uae-engineering-staffing-diverse-resourcing-llc\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The partnership will focus on job placement, workforce mobility, and regulatory support in technical fields. Janikin is also in talks with local institutions to explore workforce development collaborations.<\/p>\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>Damac Properties partnered with Chelsea FC to launch Chelsea Residences, a<\/strong> <strong>football-themed real estate development in Dubai Maritime City, <\/strong><a target=\"_blank\" href=\"https:\/\/gulfbusiness.com\/chelsea-fc-damac-to-launch-branded-residences\/\" style=\"\" rel=\"noopener\">Gulf Business<\/a> reports. The project will feature over 1.4k residential units with seafront views and Chelsea-branded amenities focused on health, fitness, and wellbeing. The full development timeline and specifications are expected to be announced later this year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/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\/cleveland-clinic-abu-dhabi\/\">Cleveland Clinic Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/damac-properties\/\">Damac Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/m42\/\">M42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc-energy\/\">NMDC Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space\/\">space<\/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=\"103210\" 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=\"103210\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/investors-flee-wall-street-turmoil-for-gold-ems-and-niche-markets\/\">\r\n                            Investors flee Wall Street turmoil for gold, EMs, and niche markets                        <\/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\/05\/01\/investors-flee-wall-street-turmoil-for-gold-ems-and-niche-markets\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Some investors are also turning to regions with stronger outlooks, including Saudi Arabia, after strong gains for stocks in the past three weeks, and India, which enjoys good trade ties with the US.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emerging markets are also gaining favor:<\/strong> Investors with large portfolios are turning to volatile emerging markets and esoteric credit, considering them relatively safe for the time being. Emerging market bonds are among assets that can now be considered \u201cattractive risk-adjusted opportunities,\u201d Principal\u2019s Mike Goosay told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many smaller, higher-risk markets outperformed in April<\/strong>, with Mexican equities up 14% and Latin American currencies gaining 3%. This comes at a time when US stocks posted a third monthly loss, and the greenback hit a three-year low over the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- The sheer volume of capital exiting the US seems to be overwhelming safe havens<\/strong>, Goshawk Asset Management\u2019s Simon Edelsten told Reuters. The JPY was pushed up over 4% this month, while Germany\u2019s 10-year bond yield slumped to nearly 200 basis points below US treasuries. Gold \u2014 the traditional safe haven \u2014 also bounced to a record USD 3.5k per ounce on April 22.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Europe has also been hit hard: <\/strong>After briefly benefiting from US outflows, European markets are now under pressure as the EUR\u2019s sharp rise threatens export competitiveness. The currency has climbed 10% in two months, stalling equity gains and prompting Bank of America to warn of a possible 10% further decline in European stocks.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly on the rise this morning<\/strong>, with Hong Kong\u2019s Hang Send up 0.5%, and Japan\u2019s Nikkei up 0.4%, while Shanghai Composite is slightly inching down 0.2%. Meanwhile, Wall Street futures are signalling a higher open for US markets, after Microsoft and Meta earnings beat analyst expectations.<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,534<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,307<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3% (YTD: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,344<\/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: +4.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,672<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -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>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\">32,126<\/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: +8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,569.06<\/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: -5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,494.85<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,160.22<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7% (YTD: +5.4%)<\/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 63.12<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.5<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,275.36  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 94,210.36<\/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: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.1% yesterday<\/strong> on turnover of AED 1.7 bn. The index is up 1.2% 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>Aram Group (+6.6%), Al Khaleej Investment (+5.3%), and Adnoc Logistics and Services (+4.8%)..<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Rapco Investment (-6.1%), 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\">(-3.1%) and Gulf Medical Projects (-3.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 1.3% on turnover of AED 2.3 bn. Meanwhile, Nasdaq Dubai was up 0.2%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ain Ahlia Ins. approved the distribution of AED 30 mn i<\/strong><strong>n dividends for 2024<\/strong>, equivalent to 20% of the company\u2019s retained earnings, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1858.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Nn <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talabat approved the distribution of AED 404 mn in dividends for 4Q 20<\/strong><strong>24<\/strong>, equivalent to 1.7 fils per share, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1884.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Americana Restaurants International\u2019s general assembly approved distributing AED 466<\/strong><strong> mn in dividends for 2024<\/strong>, equivalent to 75.4% of the share capital, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1885.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e7<\/strong><strong> Group\u2019s shareholders approved a dividend payout of AED 147.1 mn for 2024, <\/strong>or 7.36 fils per share, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1901.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. This represents 70% of its annual distributable net income, exceeding the group\u2019s minimum payout threshold of 50%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103212\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider 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         <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1952.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103213\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/cooperation-on-renewables-with-ecuador-and-austria-uae-president-meets-lebanese-counterpart-in-abu-dhabi-for-the-first-time\/1952-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1952.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1952.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1952.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1952.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103212\" class=\"content-area-description single-story post-103212 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-economy tag-ecuador tag-enterpriseam-uae tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.6475a9cd-6671-4212-b656-dbef0838d8d5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Mohamed bin Zayed Al Nahyan met with Ecuadorian President Daniel Nob<\/strong><strong>oa to discuss boosting cooperation<\/strong> in economy, trade, renewable energy, sustainability, investment, tourism, and agriculture, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjft8np-uae-ecuadorian-presidents-discuss-strengthening\" 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 style=\"background-color: transparent;\">The president also met with Lebanese President Joseph<\/strong><span style=\"background-color: transparent;\"> <\/span><strong style=\"background-color: transparent;\">Aoun in Abu Dhabi in his first visit since his inauguration<\/strong><span style=\"background-color: transparent;\">, to enhance bilateral cooperation and address regional and international issues, <\/span><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjft929-uae-president-affirms-support-for-lebanon%E2%80%99s\" rel=\"noopener\">Wam<\/a><span style=\"background-color: transparent;\"> reports.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Industry Minister Sultan Ahmed Al Jaber met with several Austrian of<\/strong><strong>ficials in Vienna to <\/strong><strong>discuss boosting bilateral economic and technological collaboration<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjft8wf-uae-austria-reaffirm-commitment-strengthening\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Talks focused on investments in industry, technology, energy, and collaboration in renewables, petrochemicals, digital transformation, and infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>During his visit, Masdar and OMV inked a letter of intent to partner in produ<\/strong><strong>cing green hydrogen, sustainable synthetic fuels, and chemicals<\/strong> in the UAE, Austria, and Central and Northern Europe. Both companies previously signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c1d4b10f-f282-4250-ad19-d1304fc8b820\/masdar-signs-spate-of-green-hydrogen-agreements-with-an-eye-on-eu-exports\" style=\"\" rel=\"noopener\">Heads of Terms agreement<\/a> to develop a large-scale green hydrogen plant back in 2023.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ecuador\/\">Ecuador<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103214\" 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\/05\/01\/103214-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103214\" class=\"content-area-description single-story post-103214 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;\">29-30 April (Tuesday-Wednesday): Ajman Real Estate Investment Exhibition, Emirates Hospitality Center, Ajman. <\/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>1 May (Thursday): ) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bjeme0p-ministry-finance-organises-2nd-edition-financial\" style=\"\">The Financial Media 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>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 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>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>19-20 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arqaamconference.com\/\" style=\"\">Arqaam Capital MENA Investor Conference 2025<\/a><\/span><span>, Four Seasons Hotel Abu Dhabi.<\/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\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:  Lunate buys into Azura Partners<\/p>\n","protected":false},"featured_media":103190,"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-103189","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0b2a7851-e413-4919-8727-52847b87af9f","teaser":"Plus:  Lunate buys into Azura 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