{"id":103344,"date":"2025-05-06T00:00:00","date_gmt":"2025-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=103344"},"modified":"2025-12-15T03:40:23","modified_gmt":"2025-12-15T03:40:23","slug":"non-oil-business-activity-steady-in-april-dubai-holding-to-ipo-12-5-of-dubai-residential-reit","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/non-oil-business-activity-steady-in-april-dubai-holding-to-ipo-12-5-of-dubai-residential-reit\/","title":{"rendered":"Non-oil business activity steady in April + Dubai Holding to IPO 12.5% of Dubai Residential REIT"},"content":{"rendered":"<section id=\"103346\" 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=\"103346\">\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\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/\">\r\n                            THIS MORNING: GCC-US summit in Saudi Arabia in mid-May? + Fed kicks off interest rate meeting today                        <\/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\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/\" 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\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/')\">\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\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/\">\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=THIS MORNING: GCC-US summit in Saudi Arabia next week? + Fed kicks off interest rate meeting today&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/\">\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\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/&title=THIS MORNING: GCC-US summit in Saudi Arabia next week? + Fed kicks off interest rate meeting today\">\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=THIS+MORNING%3A+GCC-US+summit+in+Saudi+Arabia+next+week%3F+%2B+Fed+kicks+off+interest+rate+meeting+today+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F06%2Fthis-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today%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\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/764.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103347\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/this-morning-gcc-us-summit-in-saudi-arabia-next-week-fed-kicks-off-interest-rate-meeting-today\/764-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/764.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"764.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/764.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/764.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103346\" class=\"content-area-description single-story post-103346 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adx tag-data-center tag-dfm tag-dubai tag-enterpriseam-uae tag-fdi tag-infrastructure tag-interest-rates tag-investment tag-tax tag-us-federal-reserve tag-visa tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.a8f95a1b-2b90-4bac-b16f-f992b8a56c4c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We have a busy issue for you this morning, topped with the latest on non-oil activity in the UAE and Dubai in April, and news of Dubai Holding taking a stake in its residential REIT to market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>WEATHER<\/strong><strong>- We\u2019re finally back below the dreaded 40<\/strong><strong>\u00b0C mark<\/strong><strong>. <\/strong>Dubai will experience daytime highs of 39\u00b0C, with overnight lows of around 28\u00b0C. Abu Dhabi remains slightly cooler, with daytime temperatures peaking at 33\u00b0C and nighttime lows near 29\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Ancho0r8_! <a id=\"wwtt1\"><\/a><strong> #1-<\/strong><strong> Saudi A<\/strong><strong>rabia plans to invite all GCC leaders to a 14 May summit with US <\/strong><strong>President Donald Trump<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/05\/03\/trump-gulf-leaders-summit-saudi-arabia\" style=\"\" rel=\"noopener\">Axios<\/a> reports, citing a US official and two Arab sources. The summit will be held before Trump takes off for the UAE and Qatar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the itinerary: <\/strong>The visit to the region highlights Trump\u2019s administration's push to deepen economic ties with Gulf countries while providing a platform to outline and rally support for US policy in the Middle East. Trump is set to discuss further Gulf investment commitments to the US, as well as the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eb133b89-f5ca-493d-8038-443ccae9d33d\/bilateral-chip-agreement-with-the-us-could-be-on-the-table-during-talks-with%253cmark%253e-trump%253c%2Fmark%253e-in-mid-may\" style=\"\" rel=\"noopener\">potential easing of access<\/a> to Nvidia chips for the UAE and a broader bilateral chip agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2-<\/strong> <strong>Barter tr<\/strong><strong>ansactions to be subject to VAT: <\/strong>Barter transactions \u2014 which see goods or services exchanged without money \u2014 are set to be subject to value-added tax (VAT), the Federal Tax Authority clarified in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/345.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> last week. This requires VAT-registered persons to issue tax invoices when providing taxable goods or services even if no cash transaction is made. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> According to the FTA, transactions carried out through barter transactions may fall under different VAT categories depending on the type of service or goods exchanged \u2014 they may be subject to the standard 5% VAT rate, but they could also be zero-rated (meaning suppliers can reclaim taxes paid on costs of the items), or exempt entirely. The FTA clarified that the market value is the price that unrelated parties would otherwise agree on for the same good or service, or for a similar one, at the time that it is supplied. If those aren\u2019t clear, the replacement cost of identical goods or service would determine the market value. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #3- <\/strong><strong>Dubai <\/strong><strong>plans to expand its data center capacity fivefold by 2028 <\/strong>through further partnerships with international players like Microsoft, Amazon Web Services, and by incentivizing investments from private firms, Dubai Data and Statistics CEO Younus Al Nasser told <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/43405\" style=\"\" rel=\"noopener\">Al Bayan<\/a>. Data centers in the emirates are expected to contribute AED 14.3 bn by 2028 to the UAE\u2019s economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The current stocktake:<\/strong> Dubai currently hosts 16 of the country\u2019s total 30 data centers, while data centers in the UAE account for 42% of the GCC total.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is aiming to invest in overseas data centers<\/strong> to expand its digital services footprint, with Al Nasser citing Dubai\u2019s strategic location and advanced infrastructure as giving it a competitive advantage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>MGM <\/strong><strong>targets 2027 Dubai debut: <\/strong>Construction on MGM Resorts\u2019 26-acre beachfront mega-development in Dubai is progressing, with the project set to open in 3Q 2027, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/property\/dubai-mgm-tower-to-open-in-2027\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> cites CEO William Hornbuckle as saying during the company\u2019s 1Q earnings call. The resort will feature an MGM Hotel, Bellagio Hotel, and MGM Residences \u2014 marking the Middle East debut of both brands \u2014 and could eventually include gaming if regulation allows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The project is being developed under a non-gaming management agreement with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af6235ed-f704-48a3-ba24-e62daf6f3565\/uk%25e2%2580%2599s-hycap-group-comes-to-abu-dhabi-%2B-lots-of-sustainability-initiatives.-plus:-we-have-14-luxury-hotels-opening-up-next-year\" style=\"\" rel=\"noopener\">Wasl Hospitality<\/a>, first signed in 2017. However, MGM executives, including Chairman Paul Salem, visited Dubai <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/april\/24-04\/maktoum-bin-mohammed-meets-with-ceo-of-mgm-resorts\" style=\"\" rel=\"noopener\">last month<\/a> and met with Dubai Ruler Maktoum bin Mohammed to explore broader expansion possibilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MGM is eyeing a piece of the USD 5 bn gaming pie: <\/strong>The company applied for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/20f6975e-d5e3-4ce2-85f7-1f91886d045b\" style=\"\" rel=\"noopener\">casino license<\/a> in Abu Dhabi last September, following the UAE\u2019s move to establish a national gaming regulator <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/71e8adcd-e41f-4aa6-b89f-c7f7e72149c3\/uae-athletes-kick-off-olympics-2024-campaign-%2B-first-ever-lottery-license-awarded#:~:text=%231%2D%20First%20lottery,of%20lottery%20games.\" style=\"\" rel=\"noopener\">in July<\/a>. Analysts expect casinos to bring in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae7ecd15-e73f-48a2-aab9-6536397e8149\" style=\"\" rel=\"noopener\">USD 3-5 bn<\/a> in revenues annually, as Ras Al Khaimah\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/624ad3b1-6bdb-49ba-ab88-ecb5c1d24e06\/%253cmark%253ewynn%253c%2Fmark%253e-resorts-invests-usd-514.4-mn-to-date-in%253cmark%253e-marjan%253c%2Fmark%253e-gaming-resort-%2B-earmarks-land-for-future-development\" style=\"\" rel=\"noopener\">Wynn Al Marjan Island<\/a> \u2014 the UAE\u2019s first licensed integrated resort \u2014 heads toward an early 2027 opening after securing the country\u2019s first commercial gaming license last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af6875d3-a0a7-4882-be75-ecd8eb6ade60\/this-morning:-first-gaming-license-handed-to%253cmark%253e-wynn%253c%2Fmark%253e-resorts-for-marjan-resort-%2B-some-teachers-to-get-golden-visas%3F\" style=\"\" rel=\"noopener\">October<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Dubai<\/strong> <strong>is set to complete 57 major road projects by 2027<\/strong>, improving its transportation infrastructure with 115 bridges, tunnels, and 226 km of road, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/may\/04-05\/hamdan-bin-mohammed-reviews-progress-of-key-strategic-road-corridors\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The projects are part of a wider plan to develop 11 primary road corridors to meet the needs of its growing population, which is predicted to hit 8 mn by 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The RTA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fb13674e-722b-424e-969b-0d612e54ff41\/dubai-to-get-new-trackless-tram,-more-road-upgrades-as-part-of-aed-16-bn-urban-mobility-and-infrastructure-plan\" style=\"\" rel=\"noopener\">unveiled a AED 16 bn plan<\/a> in November for 2024-2027, including 22 new road, tunnel, and bridge projects. The upgrades are set to reduce congestion and travel times by as much as 35 minutes on key routes, including the Umm Suqeim-Al Qadra corridor, Hessa Street, and Sheikh Zayed Road. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cycling infrastructure is also set to expand<\/strong>, with 100 km currently under construction and plans to build an additional 185 km to add to the emirate\u2019s existing 557 km cycle paths, according to the statement. Dubai is also set to introduce autonomous taxis by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f23781fc-a4fd-47fc-b355-98c0e6bf7543\/this-morning:-uae-eyes-usd-10-bn-investments-in-indonesian-renewables-%2B-ad-ports-will-not-be-operating-turkey%25e2%2580%2599s-alsancak-port\" style=\"\" rel=\"noopener\">1Q 2026<\/a>. <\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#1- <\/strong><strong>DFM <\/strong><strong>and ADX fare better than regional rivals in April:<\/strong> Dubai and Abu Dhabi\u2019s equity markets posted gains in April while other GCC indices slumped on the back of tariff uncertainty and volatility, according to the Kamco Invest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/261.pdf\" style=\"\" rel=\"noopener\">GCC Markets Monthly Report (pdf)<\/a>. The DFM General Index saw the highest monthly gain in the GCC with a 4.1% uptick, while the ADX recorded a 1.8% uptick. Saudi Arabia\u2019s Tasi recorded a 2.9% slump. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Volatility in GCC indices was slightly better compared to global markets<\/strong>, given the lower expected impact that tariffs are set to have on the region\u2019s economies. Still, the MSCI GCC index saw a 1.2% decline on the back of a decline in large-cap energy and utilities stocks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM ended the month up<\/strong> <strong>2.9% year-to-date (YTD).<\/strong> The financial sector rose the most, helped by gains in heavyweights Commercial Bank of Dubai and National General Ins. and bolstered by upticks in the communications index. The materials index saw the biggest drop at 22.7%, pulled down by an identical 22.7% share price drop from the National Cement Company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in<\/strong><strong> Abu Dhabi<\/strong>, the ADX ended the month up 1.2% YTD. The basic materials and financial sectors posted the largest gains, but declines in utilities and energy tempered the overall uptick. Multiply Group and Eshraq Investments were the biggest gainers, while Abu Dhabi National Takaful posted a 11.8% dip. The value of shares traded reached AED 25.9 bn, compared to AED 21.3 bn in March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>Dubai <\/strong><strong>still top destination for greenfield FDI in CCIs: <\/strong>Dubai maintained its position as the top global destination for greenfield foreign direct investment (FDI) in the cultural and creative industries (CCI) in 2024 for the third year in a row, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/may\/05-05\/dubai-retains-top-global-position\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The emirate attracted AED 18.9 bn in FDI capital inflows<\/strong> <strong>across 971 CCI projects<\/strong>, creating 23.5k jobs. Dubai\u2019s flexible policies and freezone reforms, allowing expansion beyond zones with DET permits, supported the increase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The wider picture: <\/strong>Dubai was also the top destination for FDI greenfield projects <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96e6f92a-3ed6-4cae-8892-1f3a3cc34c84\/dubai-is-top-greenfield-fdi-destination-for-fourth-consecutive-year\" style=\"\" rel=\"noopener\">last year<\/a>, which saw AED 52.3 bn in capital inflows and an uptick of 11% y-o-y to 1.8k projects. Projects in Dubai represented 55% of the MENA region\u2019s total.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- <\/strong><strong>The<\/strong> <strong>US Federal Reserve is scheduled to meet today and tomorrow to decide on <\/strong><strong>interest rates<\/strong>, following weeks of scrutiny from US President Donald Trump over the Fed\u2019s monetary policy direction, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/fed-policymakers-expected-keep-rates-steady-tariffs-roil-outlook-2025-05-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the US economy shrinking 0.3% in 1Q on the back of tariffs and low busi<\/strong><strong>ness sentiment, the Fed is widely expected to leave interest rates unchanged<\/strong> at 4.25-4.5% following a positive <a target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/archives\/empsit_05022025.htm#:~:text=Establishment%20Survey%20Data%20Total%20nonfarm,financial%20activities%2C%20and%20social%20assistance.\" style=\"\" rel=\"noopener\">nonfarm payrolls report<\/a> and repeated warnings against hasty rate decisions from Fed\u2019s Chair Jerome Powell has emphasized the need for caution. Trump, on the other hand, has expressed his frustrations with the pace towards cutting rates, with speculation that he is looking into the possibilities of sacking Powell. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.capitalmarketsummit.ae\/\" style=\"\" rel=\"noopener\">Capital Market Summit<\/a><\/strong><strong> will take place today and tomorrow<\/strong> at Madinat Jumeriah in Dubai. The summit will address IPO growth, global economic forecasts, and digital assets\u2019 role in financial markets. Speakers include UAE ministers and DFM Chairman Helal Saeed Al Marri, and sessions will analyze stock exchange dynamics, virtual assets, and growth capital strategies.<\/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.theairportshow.com\/\" style=\"\" rel=\"noopener\">Airport Show<\/a><\/strong><strong>, taking place alongside the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theairportshow.com\/en-gb\/whats-on\/galf.html\" style=\"\" rel=\"noopener\">Global Airport Leaders Forum<\/a><\/strong><strong>, will start today and<\/strong><strong> run until Thursday, 8 May<\/strong> at Dubai World Trade Center (DWTC). The events will bring together airport and aviation industry professionals to discuss the latest trends in airport infrastructure, emerging technologies, and solutions to industry challenges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\" style=\"\" rel=\"noopener\">Seatrade Maritime Logistics Middle East<\/a><\/strong><strong> is also starting today and will run until<\/strong><strong> Thursday, 8 May <\/strong>at DWTC. The event will bring together professionals in shipping, logistics, and supply chain management to discuss and debate industry challenges and the latest innovations. <\/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:\/\/gisec.ae\/\" style=\"\" rel=\"noopener\">Gulf Information Security Expo & Conference<\/a><\/strong><strong> (GISEC Global) is taking place today<\/strong><strong> and runs until Thursday, 8 May<\/strong> at DWTC. Cybersecurity experts will meet to discuss industry challenges including new cyber threats, security technologies, and solutions for protecting businesses against cyberattacks. Over 750 cybersecurity brands will exhibit their solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>The<\/strong><strong> Abu Dhabi Department of Economic Development (ADDED) is leading a <\/strong><strong>delegation of senior officials and business leaders to Japan<\/strong> from today until Friday, 9 May, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-department-of-economic-development-leads-delegation-of-senior-officials-to-japan-to-advance-investment-ties\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The five-day visit aims to explore possibilities for more investment cooperation, and expand trade and industrial ties. A trade and economic partnership agreement between the two sides is expected to be finalized later this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The delegation: <\/strong>UAE government officials and Emirati private sector representatives will participate in several events in Tokyo and Osaka, including the Abu Dhabi Investment Forum (ADIF) and Abu Dhabi-Tokyo Business Forum. The delegation will be looking to deepen cooperation with Japan in clean energy, hydrogen, AI, life sciences, and next-generation technologies, the statement saod. <\/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>Gaza campaign intensifies: <\/strong>Israel\u2019s cabinet <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/05\/05\/israel-gaza-reoccupation-plan\/\" style=\"\" rel=\"noopener\">approved plans<\/a> yesterday to control large parts of Gaza indefinitely and relocate Palestinians to \u201csterile zones\u201d all across the strip, while taking over aid distribution. Israeli officials signalled the intensive plan will be implemented only if a ceasefire failed to materialize by the time US President Trump leaves the region after his anticipated gulf summit in mid-May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Houthis are not backing down: <\/strong>Despite intensifying strikes by the US and allies, the militant group <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-announce-campaign-targeting-israeli-airports-2025-05-05\/\" style=\"\" rel=\"noopener\">announced a \u201ccomprehensive\u201d aerial blockade<\/a> on Israel, promising to repeatedly target key airports and urging international airlines to cancel all flights to Israeli airports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>OpenAI listened to widespread criticism and <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/05\/openai-says-nonprofit-retain-control-of-company-bowing-to-pressure.html\" style=\"\" rel=\"noopener\">decided to halt plans<\/a> to turn for-profit. The plan would have spun the ChatGPT maker into an independent entity from the nonprofit that currently holds a controlling stake, which <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9a1e68d6-0a84-40bc-9085-0c8fb7c0f598\" style=\"\" rel=\"noopener\">raised concerns<\/a> of subverting governance safeguards that are supposed to keep AI tech development in check.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>Trump is threatening tariffs (what else is new?) that could reach 100% <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/dcd6adeb-988a-4c86-b689-9ec2d8cf3946\" style=\"\" rel=\"noopener\">on films made<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/dcd6adeb-988a-4c86-b689-9ec2d8cf3946\" style=\"\" rel=\"noopener\">outside of the US<\/a>, a move that could significantly hurt movie production in many regions, including the Middle East.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street a<\/strong><strong>nalysts slashed their oil price forecasts in response to Opec+\u2019s decision to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4df2ed4-1449-414b-b848-1c2042665207\" style=\"\" rel=\"noopener\">accelerate production<\/a><\/strong><strong> in June<\/strong>, with the group raising increments for the second month in a row to add 411k barrels per day (bbl \/ d) for June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman Sachs lowered Brent crude forecasts by USD 2 to USD 3 a barrel to average USD 60 a barrel for this year<\/strong> and USD 56 a barrel 2026, while pegging West Texas Intermediate at USD 56 a barrel in 2025 and USD 52 a barrel next year, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/goldman-sachs-lowers-oil-price-forecast-after-opec-decision-boost-output-2025-05-05\/#:~:text=The%20bank%20now%20expects%20Brent,Sign%20up%20here.\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Meanwhile, Morgan Stanley pegs Brent prices to average USD 62.50 a barrel in 3Q and 4Q on the back of Opec\u2019s latest announcement, with the surplus expected to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-05\/opec-supply-hike-forces-wall-street-to-redo-its-sums-yet-again?embedded-checkout=true\" style=\"\" rel=\"noopener\">rise by 400k bbl \/ d and hit 1.1 mn barrels<\/a> in 2H of this year. Barclays dropped its Brent oil rate forecast by USD 4 a barrel to USD 66 for 2025 and by USD 2 to USD 60 for 2026, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/barclays-cuts-2025-2026-brent-crude-forecast-opec-accelerates-output-hikes-2025-05-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>\u201cOur key conviction remains that high spare capacity and high recession risk skew the risks to oil prices to the downside, despite relatively tight spot fundamentals,\u201d Goldman Sachs analysts said in a note seen by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-05\/opec-supply-hike-forces-wall-street-to-redo-its-sums-yet-again?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Brent crude fell some 4.6% to USD 58 a barrel following the meeting, while West Texas Intermediate was near USD 56, plummeting some 3.8%. <\/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\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/data-center\/\">Data center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- 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   <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"103349\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/non-oil-business-activity-growth-holds-steady-in-april\/\">\r\n                            UAE\u2019s Non-oil business activity holds steady in April                        <\/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  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      <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1229.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103350\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/non-oil-business-activity-growth-holds-steady-in-april\/1229-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1229.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1229.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1229.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1229.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103349\" class=\"content-area-description single-story post-103349 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-dubai tag-economy tag-enterpriseam-uae tag-inflation tag-pmi tag-sp-global wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.eb5bc719-c160-4157-b478-ceffd4297381.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Non-oil a<\/strong><strong>ctivity remains unchanged in April:<\/strong> The UAE\u2019s non-oil activity saw growth levels remaining largely unchanged from the previous month, with robust business activity indicating \u201ca solid strengthening of operating conditions,\u201d according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/231.pdf\" style=\"\" rel=\"noopener\">S&P Global UAE PMI (pdf)<\/a>. The headline figure came in at 54.0 during the month, remaining unchanged from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5eb4ffc5-7da2-49ee-8306-cb6e0496e2fe\/non-oil-business-activity-growth-slows-in-march\" style=\"\" rel=\"noopener\">March<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The all-important 50.0 mark is the threshold separating contraction from growth. Anything above 50 denotes expansion, while anything below indicates contraction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New orders and employment were up:<\/strong> The new orders subindex rose slightly to 56.9 in April, up from 56.3 in March, partially driven by the strongest upturn in international demand for five months, which came in tandem with increased domestic clients, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-non-oil-business-grows-steadily-april-hiring-speeds-up-pmi-shows-2025-05-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes. Meanwhile, hiring went up to its highest level in nearly a year, with the subindex for employment registering a reading of 51.4 as firms \u201cincreased hiring to manage work backlogs and support future business activity,\u201d National Bank of Kuwait's Issa Hijazeen told EnterpriseAM UAE. However, \u201cemployment growth was still modest overall, adding to suggestions that some firms may be struggling to recruit,\u201d S&P Global senior economist David Owen said<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business activity also continued to rise<\/strong>, but it did so at its slowest pace in seven months, with firms indicating that they faced difficulties with completing existing work amid payment delays. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, input purchases saw a considerable increase during the month, <\/strong>with companies reporting growing demand for materials and components. However, the growth in input purchases slowed from March\u2019s 68-month high. Stock levels also mostly remained unchanged, as growth in the stocks of some firms was offset by reductions elsewhere.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Input prices were also on the rise<\/strong>, with firms reporting upticks in both purchasing and staff costs. Output prices rose in tandem with this increase, but they did so at a slower pace than March, as companies looked to lower prices amid strong competition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business sentiment remains positive:<\/strong> \u201cLooking ahead, surveyed firms remained confident that sales pipelines and resilient market conditions would support activity going forward. The degree of confidence ticked up for the third month running and was the best recorded in 2025 so far,\u201d the report reads. \u201cFirms are also hopeful that elevated demand levels and strong pipelines, as characterised by steeply rising backlogs, should propel activity higher in the coming months,\" Owen said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MEANWHILE, IN DUBAI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business conditions in Dubai improved at a slower pace in April,<\/strong> with the Dubai PMI slipping to a low of 52.9 in April, down from 53.2 in March, with firms reporting the \u201cthe slowest pace of growth since last October,\u201d the report reads. However, order book volumes continued to increase, with output levels increasing slightly from the three-and-a-half-year low recorded in March. Employment also expanded during the month, as firms looked to bring up their capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the flip side, confidence is taking a hit:<\/strong> Contrary to overall UAE sentiment, \u201c[Dubai] companies showed a lower degree of confidence towards future activity levels. In fact, expectations were among the weakest on record,\u201d according to the report.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103351\" 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=\"103351\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/dubai-holding-to-ipo-12-5-of-its-dubai-residential-reit-on-the-dfm\/\">\r\n                            Dubai Holding to IPO 12.5% of its Dubai Residential REIT on the DFM                        <\/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\/06\/dubai-holding-to-ipo-12-5-of-its-dubai-residential-reit-on-the-dfm\/\" 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 vehicle is set to be the first pure-play residential leasing REIT to list in the GCC and the largest by assets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Holding is seeking up to USD 500 mn from the offering<\/strong>, sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/dubai-holding-kicks-off-residential-reit-ipo-first-dubai-listing-this-year-2025-05-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The listing would be the first in Dubai this year, and the second in the UAE, following <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cdbdc8fe-276f-4c96-b9b5-eb9314b9bbc2\/%253cmark%253ealpha-data%253c%2Fmark%253e-prices-ipo-top-of-the-range\" style=\"\" rel=\"noopener\">Alpha Data\u2019s<\/a> AED 600 mn IPO in February. It\u2019s also the first to take place since volatility hit global markets following the US\u2019 introduction of sweeping tariffs last month. ADQ-backed Etihad Airways had pushed its highly anticipated IPO to after Eid Al Fitr, but we haven\u2019t heard anything yet, while Dubizzle and Property Finder are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c8aa0268-2c28-4080-9810-353b4fc0ef1a\/dubizzle,-property-finder-are-gauging-investor-interest-ahead-of-potential-ipos\" style=\"\" rel=\"noopener\">gauging investor appetite<\/a> ahead of potential listings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fund: <\/strong>The AED 1.3 bn REIT manages some 35.7k residential units across 21 communities with a gross asset value of AED 21.6 bn. It\u2019s a closed-ended, income-generating real estate investment fund, with assets last year reaching an occupancy level of 97%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A two-tranche offering:<\/strong> Some 1.63 bn REIT units will be up for grabs in an offering open to both retail and institutional investors, with Dubai Holding Asset Management (DHAM) \u2014 a wholly owned subsidiary of Dubai Holding \u2014 raking in all of the proceeds from the secondary unit sale. The institutional tranche of the offering (90%) is Reg S compliant making it easier for foreign institutions to buy in, while retail investors will be allocated the remaining 10%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Books open next week: <\/strong>The subscription period will run from 13-20 May, during which each institutional investor can book orders without limits, while retail buyers must commit to at least 2k units each. The final offer price will be announced on Wednesday, 21 May, along with the allocation of units. The Dubai Residential REIT will ring the bell on the DFM on Wednesday, 28 May. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A sweetener for investors: <\/strong>The REIT is targeting semi-annual dividend payouts starting September of this year, with its first two distributions expected to total at least AED 1.1 bn or 80% of its FY 2025 profit \u2014 whichever is higher. The REIT intends to maintain the 80% payout threshold in future years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timing is strategic:<\/strong> \u201cThe REIT...is actually a defensive investment vehicle,\u201d CEO of Dubai Holding Asset Management Malek Al Malek said at a media briefing. \u201cSo with this volatility, investors usually look for some of these very clear government stories that can yield outcomes,\" Malek said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A snapshot <\/strong><strong>of its financial performance: <\/strong>The Dubai Residential REIT\u2019s net income dipped roughly 21.8% y-o-y to AED 2.64 bn in 2024. Its revenues were up 8.9% to AED 1.8 bn over the same period, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/247.pdf\" style=\"\" rel=\"noopener\">ITF document (pdf).<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Emirates NBD Capital, Morgan Stanley and Citigroup are quarterbacking the transaction as joint global coordinators, with Abu Dhabi Commercial Bank, Arqaam Capital and First Abu Dhabi Bank acting as joint bookrunners on the transaction. Deloitte & Touche is auditor, while Ibrahim & Partners is legal counsel. <strong>Receiving agents <\/strong>include Emirates NBD Bank, Mashreq Bank, First Abu Dhabi Bank, and Emirates Islamic Bank, among others.cu<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN THE PIPELINE- <\/strong>Dubai Holding is said to be mulling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">a s<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">econd IPO<\/a> for a portfolio of commercial real estate assets, including malls, hotels, and theme parks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story also got ink<\/strong> from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-05\/dubai-ruler-s-investment-firm-plans-to-list-residential-reit\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-holding\/\">Dubai Holding<\/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\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipos\/\">IPOs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103353 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=\"103353\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a 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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=\"103354\">\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\">FINTECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/give-the-bot-your-credit-card\/\">\r\n                            Visa goes long on AI-driven commerce, and expands digital payment capabilities                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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credit card\">\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=Give+the+bot+your+credit+card+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F06%2Fgive-the-bot-your-credit-card%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\/06\/give-the-bot-your-credit-card\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/366.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103355\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/give-the-bot-your-credit-card\/366-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/366.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"366.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/366.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/366.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103354\" class=\"content-area-description single-story post-103354 post type-post status-publish format-standard has-post-thumbnail hentry category-fintech tag-ai tag-e-payments tag-enterpriseam-uae tag-fintech tag-mastercard tag-paypal tag-visa 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\/.97e917a7-f97e-4a83-811d-92342ca48ab1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Imagine a world where your personal AI agent is able to help you plan, book and pay for <\/strong><strong>everything<\/strong> from a highly-customized weekend getaway, to a business trip, or even your child\u2019s birthday party \u2014 all in a matter of minutes. That\u2019s the future the financial services giant imagines with a suite of products and services it unveiled at a global product drop in San Francisco last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Welcome to what Visa is calling \u201c<\/strong><strong><a target=\"_blank\" href=\"https:\/\/corporate.visa.com\/en\/sites\/visa-perspectives\/newsroom\/product-drop-intelligent-commerce.html\" style=\"\" rel=\"noopener\">Visa intelligent commerce<\/a><\/strong><strong>,\u201d<\/strong> which it said will allow AI agents to find and buy products and services for their human masters. EnterpriseAM was there as Visa CEO Ryan McInerney and Chief Product and Strategy Officer Jack Forestell showcased the products they think will drive the next wave of AI-driven commerce and money movement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The promise: Give the bot your credit card, your size, and the cut and color you want, <\/strong><strong>and it will go find that perfect pair of jeans for you. <\/strong>\u201cAs new ways to pay emerge, they need to run on a network that is always on \u2014 that is safe, secure, scalable and relentlessly innovating,\u201d said McInerney. \u201cWe are taking the power of our network and our decades-long expertise to bring new products and solutions that will transform commerce and bring trust and security to AI-enabled payments,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Roll-your-own AI commerce: <\/strong>A key focus of the gathering was Visa Intelligent Commerce, through which Visa is opening its payments network to developers and engineers building the first generation of AI commerce. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Visa thinks AI commerce could have an impact on the same magnitude as e-commerce <\/strong><strong>itself: <\/strong>\u201cWe believe that the shift to AI driven-commerce will rival the level of impact that e-commerce had,\u201d said Forestell. \u201cE-commerce relieved us of the burden of having to physically go out and find merchandise, but we still have to find ways to comb through and compare every available product on earth before making a purchasing decision.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How? AI agents.<\/strong> \u201cAI agents have the potential to remove that cognitive burden and to save the user an extraordinary amount of time, but in order for AI driven commerce to work, we have to solve the payment problem which is largely rooted in trust.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Boosters of the technology see an AI agent as smart software \u201cunleashed\u201d: It can \u201csee\u201d its digital environment, roam the web, make decisions, and act on its own to achieve specific goals you set for it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The promise?<\/strong> Big boosts in efficiency by automating complex workflows 24\/7, hyper-personalized customer interactions at scale, and freeing up people for higher-value work. Imagine streamlining everything from logistics to financial analysis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The catch?<\/strong> AI agents are very much in their infancy. They\u2019re complex and costly to build and integrate. Ensuring they operate safely, ethically, securely, and reliably \u2014 without going off-script \u2014 is the key challenge. Then there\u2019s managing data privacy and figuring out who\u2019s responsible if things inevitably get complicated or go awry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Visa says its network is key to getting businesses and developers to build AI commerce <\/strong><strong>on a foundation of trust. <\/strong>\u201cVisa will bring trust to AI commerce by providing a simple way for our partners \u2014 AI platforms, tech players, banks, fintechs, merchants and more \u2014 to access the Visa network. This is the next step in Visa\u2019s journey to connect even more buyers and sellers through seamless, secure digital payments,\u201d explained Forestell.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in Visa\u2019s pipeline: <\/strong>AI-ready cards, which involve upgrading Visa cards with tokenization and authentication to ensure secure transactions with AI agents. Simple and secure AI payments will be facilitated through new services like payment instructions and payment signals, providing trust, transparency, and control for all parties involved, the company says. <strong>And AI-powered personalization could inject insights from bns of payment transactions<\/strong> \u2014 provided the privacy implications can get sorted out.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the news: <\/strong>The San Francisco event also featured updates on Visa's broader product roadmap, including advancements in digital identity, flex credentials, and stablecoins. The company also launched Visa Pay and Visa Accept, two new products designed to expand access to the Visa network for consumers and sellers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>Visa\u2019s tech is still in the early testing phase. <a target=\"_blank\" href=\"https:\/\/www.mastercard.com\/news\/press\/2025\/april\/mastercard-unveils-agent-pay-pioneering-agentic-payments-technology-to-power-commerce-in-the-age-of-ai\/\" style=\"\" rel=\"noopener\">Mastercard<\/a> says it\u2019s working on something it is calling \u201cAgent Pay\u201d that will also integrate payments into AI chatbots, and <a target=\"_blank\" href=\"https:\/\/developer.paypal.com\/community\/blog\/paypal-agentic-ai-toolkit\/\" style=\"\" rel=\"noopener\">PayPal<\/a> showed off an agentic AI toolkit last week <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want a taste? <\/strong>Catch Visa\u2019s teaser for the event <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=mJyFhiccGFU\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e-payments\/\">e-payments<\/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\/mastercard\/\">Mastercard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/paypal\/\">PayPal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/visa\/\">Visa<\/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=\"103356\" 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=\"103356\">\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\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/\">\r\n                            Adnoc Drilling snatches up USD 806 mn long-term contracts for three newbuild island rigs                        <\/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\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/\" 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\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/')\">\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\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/\">\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=Adnoc Drilling snatches up USD 806 mn long-term contracts for three newbuild island rigs&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/\">\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\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/&title=Adnoc Drilling snatches up USD 806 mn long-term contracts for three newbuild island rigs\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adnoc+Drilling+snatches+up+USD+806+mn+long-term+contracts+for+three+newbuild+island+rigs+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F06%2Fadnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs%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\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/309.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103357\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/adnoc-drilling-snatches-up-usd-806-mn-long-term-contracts-for-three-newbuild-island-rigs\/309-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/309.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"309.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/309.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/309.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103356\" class=\"content-area-description single-story post-103356 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-adnoc-drilling tag-energy tag-enterpriseam-uae tag-oil-and-gas 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\/.bb83b824-7db0-481c-82a6-3e1f3258ed30.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Another rig contract for Adnoc Drilling:<\/strong> Abu Dhabi National Oil Company (Adnoc) Drilling has nabbed a USD 806 mn long-term contract for three newbuild island rigs as part of the Zakum development project from Adnoc Offshore to expand its operations at the site, according to an ADX <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/291.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The three new rigs will come in addition to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/457c8801-805d-487d-87aa-b5ea321696a4\/%253cmark%253eadnoc-drilling%253c%2Fmark%253e-secures-usd-733-mn-contract-for-three-island-rigs\" style=\"\" rel=\"noopener\">three ordered<\/a> back in July 2024, and will be located on Adnoc\u2019s pioneer artificial islands Upper Zakum \u2014 home to the world\u2019s five longest wells \u2014 including a record-breaking 53k ft well.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Full rig mode:<\/strong> The new generation of rigs will be built through a strategic partnership between Adnoc Drilling and China-based drilling rig exporter Honghua Group, and are set to gradually enter into operation between 2027 and 2028. The rigs will be utilized for reach drilling services, which will be capable of drilling nearly 16 km from the seabed. They will feature built-in AI to provide real-time analytics in a bid to boost both safety and performance across Adnoc\u2019s offshore operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture:<\/strong> The addition will boost Adnoc Drilling\u2019s total fleet to over 151 rigs by 2028 \u2014 hosting 98 onshore and 53 offshore rigs \u2014positioning it as the largest regionally and one of the biggest globally, CFO Youssef Salem said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/youssefsamysalem_this-is-shaping-up-to-be-a-massive-week-for-activity-7325117481042251777-2uec?utm_source=share&utm_medium=member_desktop&rcm=ACoAACT9L64BQS3XU8pGoZ1U9QlaZo8LzQJ9_fc\" style=\"\" rel=\"noopener\">statement<\/a> on LinkedIn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- What is Upper Zakum?<\/strong> Upper Zakum is the world\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6e74cf6c-ee5d-4a90-9c47-8967be7febd2\/taqa,-jera,-and-al-bawani-consortium-secure-25-year-contracts-for-3.6-gw-power-plants\" style=\"\" rel=\"noopener\">second-largest offshore oilfield<\/a> and consists of four artificial islands: Al Ghallan, Umm Al Anbar, Ettouk, and Asseifiya. The first phase of the project was launched in 2019, with the main USD 825 mn EPC contract going to UAE-based Target Engineering Construction Company. The oilfield is also set for further expansion: Adnoc Offshore awarded a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6e74cf6c-ee5d-4a90-9c47-8967be7febd2\" style=\"\" rel=\"noopener\">USD 500 mn contract<\/a> to Target Engineering Construction Company for the second phase of the expansion of Upper Zakum offshore field back in November 2024, with the target of increasing increase oil production at Upper Zakum to 1.2 mn barrels per day.<\/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\/adnoc-drilling\/\">Adnoc Drilling<\/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\/oil-and-gas\/\">oil and gas<\/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=\"103358\" 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=\"103358\">\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\">BUSINESS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/dmcc-launches-spv-and-holding-company-licenses\/\">\r\n                            DMCC launches SPV and Holding Company licenses                        <\/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\/06\/dmcc-launches-spv-and-holding-company-licenses\/\" 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\/06\/dmcc-launches-spv-and-holding-company-licenses\/')\">\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\/06\/dmcc-launches-spv-and-holding-company-licenses\/\">\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=DMCC launches SPV and Holding Company licenses&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/dmcc-launches-spv-and-holding-company-licenses\/\">\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\/06\/dmcc-launches-spv-and-holding-company-licenses\/&title=DMCC launches SPV and Holding Company licenses\">\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=DMCC+launches+SPV+and+Holding+Company+licenses+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F06%2Fdmcc-launches-spv-and-holding-company-licenses%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\/06\/dmcc-launches-spv-and-holding-company-licenses\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1256.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103359\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/dmcc-launches-spv-and-holding-company-licenses\/1256-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1256.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1256.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1256.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1256.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103358\" class=\"content-area-description single-story post-103358 post type-post status-publish format-standard has-post-thumbnail hentry category-business tag-business tag-dubai-multi-commodities-center tag-enterpriseam-uae tag-tax 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\/.5af81e67-32fb-4c27-a56f-33fbfb785e4f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>Dubai Multi Commodities Center (DMCC) has introduced two new <\/strong><strong>license <\/strong><strong>categories <\/strong>for special purpose vehicles (SPV) and holding companies to provide flexible, low-cost structures for investors, multinational firms, and family offices, the freezone said in a <a target=\"_blank\" href=\"https:\/\/dmcc.ae\/latest-news\/dmcc-unveils-new-spv-and-holding-company-licences-to-enhance-business-structuring\" style=\"\" rel=\"noopener\">statement<\/a>. The licenses allow companies to manage assets, hold investments, and oversee regional operations without needing a physical office or operational setup. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who will benefit?<\/strong> The SPV license caters to investors and businesses in asset holding, securitization, and structured finance, while the Holding Company license is designed for businesses consolidating ownership or managing subsidiaries, including regional headquarters, family offices, and investment groups, looking to streamline tax procedures and governance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The UAE\u2019s tax overhaul is fueling demand for simplified structures: <\/strong>The Finance Ministry has been working to ease corporate tax requirements, including through the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1066e4e4-7333-467d-8019-fc8eb09c88b4\/finance-ministry-eases%253cmark%253e-corporate-tax%253c%2Fmark%253e-requirements-for-investors\" style=\"\" rel=\"noopener\">introduction<\/a> a number of new amendments that exempt Qualifying Investment Funds (QIFs) and Qualifying Limited Partnerships (QLPs) from paying corporate tax under certain conditions. The ministry also issued amendments in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2db0a5ff-1013-46db-8db7-b8835cc6d844\/finance-ministry-eases%253cmark%253e-corporate-tax%253c%2Fmark%253e-compliance-requirements\" style=\"\" rel=\"noopener\">November<\/a> to ease administrative and tax compliance requirements for domestic businesses, foreign partnerships, and family foundations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-multi-commodities-center\/\">Dubai Multi Commodities Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tax\/\">tax<\/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=\"103360\" 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=\"103360\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/\">\r\n                            Adnoc Gas, du turn in strong 1Q earnings reports, while Alpha Dhabi sees bottom line dip                        <\/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\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/\" 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\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/')\">\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\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/\">\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=Adnoc Gas, du turn in strong 1Q earnings reports, while Alpha Dhabi sees bottom line dip&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/\">\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\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/&title=Adnoc Gas, du turn in strong 1Q earnings reports, while Alpha Dhabi sees bottom line dip\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adnoc+Gas%2C+du+turn+in+strong+1Q+earnings+reports%2C+while+Alpha+Dhabi+sees+bottom+line+dip+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F06%2Fadnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip%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\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103361\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/adnoc-gas-du-turn-in-strong-1q-earnings-reports-while-alpha-dhabi-sees-bottom-line-dip\/998-jpg-25\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"998.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103360\" class=\"content-area-description single-story post-103360 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc-gas tag-alpha-dhabi tag-du tag-earnings-watch tag-enterpriseam-uae 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\/.e11f75ab-9f0d-439b-a991-6e75900bddd7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ADNOC GAS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc Gas reported a 7% y-o-y increase in net income to USD 1.3 bn <\/strong><strong>in 1Q 2025<\/strong>, \u201csignificantly [exceeding] market expectations\u201d and marking one of its strongest quarters since listing, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/227.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues edged up 1.5% y-o-y to USD 6.1 bn, while EBITDA grew 4% y-o-y to USD 2.2 bn, supported by resilient gas demand and tighter execution of maintenance schedules.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales volumes ros<\/strong><strong>e 1% y-o-y despite planned shutdowns<\/strong>, as the company optimized turnaround times to unlock additional production, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/228.pdf\" style=\"\" rel=\"noopener\">financial presentation (pdf)<\/a>. Domestic gas margins improved to USD 1.09\/mmbtu \u2014 above guidance \u2014 while Adnoc Gas capitalized on a favorable pricing window by locking in the forward bulk of FY 2025 LNG spot cargo sales early in the quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LPG \u2014 now contributing 27% of total revenues \u2014 traded strong<\/strong><strong>er than Brent during the quarter, further boosting margins<\/strong>, CFO Peter Van Driel said at a media briefing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong><strong>Brent-linked exposure will have limited impact on financials down the line<\/strong>, Van Driel said in a separate interview with Bloomberg (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-05-05\/van-driel-adnoc-gas-focus-is-growth-in-the-uae-video\" style=\"\" rel=\"noopener\">watch, runtime: 05:35<\/a>), as roughly two-thirds of Adnoc Gas\u2019 volumes are sold domestically under fixed-price contracts \u2014 shielding earnings from oil price volatility, including a 4% drop in Brent during the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capex rose 43% y-o-y to USD 555 mn as the company continued to invest thr<\/strong><strong>ough the cycle<\/strong>, in line with its revised five-year capex plan of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ee2c5c60-7a60-4c22-9634-ae56c1d4b7ea\/adnoc-gas-to-acquire-60%2525-of-ruwais-lng,-to-pour-usd-15-bn-into-growth-by-2029\" style=\"\" rel=\"noopener\">USD 15 bn<\/a>. Van Driel confirmed that the plan includes newer projects like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ee2c5c60-7a60-4c22-9634-ae56c1d4b7ea\/adnoc-gas-to-acquire-60%2525-of-ruwais-lng,-to-pour-usd-15-bn-into-growth-by-2029\" style=\"\" rel=\"noopener\">IGD-E2 and MERAM<\/a>, but excludes the larger Rich Gas Development (RGD) and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74152cf3-6207-40c4-92de-1d659079ee55\/enersol-finalizes-its-usd-45-mn-acquisition-of-ev-holdings-%2B-aldar-acquires-aed-2.3-bn-difc-tower\" style=\"\" rel=\"noopener\">Bab Gas Cap<\/a> projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RGD alone could exceed USD 5 bn in total cost <\/strong>if the company proceeds with additional processing and fractionation trains, alongside the planned USD 4 bn debottlenecking phase, Van Driel said. A final investment decision is expected this summer, with Train 7 at Habshan and a new unit at Ruwais under review. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> The company expects to be included in the MSCI index next month, and on FTSE in September, following its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/98cba81a-d052-4a89-a4ee-e21db322a5b8\/adnoc-completes-sale-of-4%2525-stake-in-adnoc-gas-to-investors\" style=\"\" rel=\"noopener\">February 2025 secondary offering<\/a>, which increased its freefloat from 5% to 9%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ALPHA DHABI HOLDING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>lpha<\/strong> <strong>Dhabi Holding reported a net income of AED 2.1 bn for 1Q 2025<\/strong>, a decline of 54.5% compared to the same period last year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/232.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company saw its revenues grow 22.8% y-o-y, reaching AED 17.4 bn. The group\u2019s total assets stood at AED 185.3 bn at the end of the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market fluctuations and changes in the fair market value of certain public investments accounted for the dip in its bottom line<\/strong>, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/243.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. In January, it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a004fb1a-1b68-4ba2-a412-3aa922648a5b\/%253cmark%253ealpha-dhabi%253c%2Fmark%253e-holding-ups-its-national-corporation-for-tourism-and-hotels-stake-to-73.73%2525\" style=\"\" rel=\"noopener\">upped its stake<\/a> in National Corporation for Tourism and Hotels to 73.73%. The group credited its diversified portfolio in high-growth sectors for boosting its top line.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>du\u2019s bottomline increases 19.8% y-o-y to AED 722.5 mn: <\/strong>Emirates Integrated Telecommunications Company\u2019s (du) reported a 19.8% y-o-y increase in net income to AED 722.5 mn in 1Q 2025, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/310.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Revenues rose 7.4% y-o-y to AED 3.8 bn, with its mobile segment accounting for the largest portion of the top line with AED 1.7 bn in revenues, followed by its fixed segment with AED 1.1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What drove growth?<\/strong> The company attributed the strong performance to higher service revenues, a better revenue mix, operational efficiency, and a gain in market share, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/du-reports-its-q1-2025-results-with-198-net-profit-increase-okuebhx8\" style=\"\" rel=\"noopener\">press release<\/a>. du\u2019s mobile customer base grew 5.5% y-o-y to 9.1 mn, while fixed-line subscribers rose 13.8% y-o-y to 701k. The firm also cited effective cost controls and capital spending discipline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategic moves:<\/strong> In a bid to diversify its revenue streams, du signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/04d4976c-6911-4104-a142-38d63750542a\/du-to-build-aed-2-bn-hyperscale%253cmark%253e-data-center%253c%2Fmark%253e,-with-microsoft-as-its-main-tenant\" style=\"\" rel=\"noopener\">strategic partnership with Microsoft<\/a> to develop a hyperscale data center in the UAE, part of its pivot into high-growth digital infrastructure.<\/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-gas\/\">Adnoc Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/alpha-dhabi\/\">Alpha Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/du\/\">du<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS 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=\"103362\" 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=\"103362\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/archer-names-ex-defense-attache-cristiano-tartaglione-as-coo\/\">\r\n                            Archer names ex-defense attach\u00e9 Cristiano Tartaglione as COO                        <\/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\/06\/archer-names-ex-defense-attache-cristiano-tartaglione-as-coo\/\" 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 retired Brigadier General will oversee the launch of Archer\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6a565b6-4782-4bfc-a388-ce574901a40e\/this-morning:-us-energy-secretary-visits-adnoc-hq,-explores-more-us-uae-cooperation\" style=\"\" rel=\"noopener\">Midnight eVTOL aircraft<\/a> and the development of operational infrastructure. Tartgalione previously served as Italy\u2019s defense attach\u00e9 to the UAE and held a leadership role with the Italian Air Force.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates<\/strong> <strong>Ins. Company has named Abhay Gupta (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/abhay-gupta-6ab7bb1a\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as its chief distribution<\/strong> <strong>officer<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/287.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Bringing over 20 years of experience, Gupta was previously head of distribution for the UAE, and was also head of Zurich Ins. Middle East\u2019s broker channel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong><strong>-headquartered f<\/strong><strong>inancial<\/strong><strong> services<\/strong> <strong>firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sg.klaygroup.com\/\" style=\"\" rel=\"noopener\">Klay<\/a><\/strong><strong> has appointed <\/strong><strong>Cheryl Wong<\/strong><strong> (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/cheryl-wongtl\/?originalSubdomain=sg\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>)<\/strong><strong> as its new COO<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/klaycapital_were-pleased-to-welcome-cheryl-wong-as-chief-activity-7325041749637103617-m735?utm_source=share&utm_medium=member_desktop&rcm=ACoAAC2ztkwBFYbzqAQ6m5yG4em39cMkRLOAbjA\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. She will spearhead the expansion of Klay\u2019s wealth management, and brings with her over 30 years of experience in risk management, compliance, operations, and transformation. Her previous roles include COO of Deutsche Bank\u2019s Southeast Asia and Global South Asia arm and head of compliance at Standard Chartered Bank Singapore.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">ADX-listed <strong>Eshraq Investments's Fahad Al Qassim (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/fahad-al-qassim-97452722?originalSubdomain=ae\" style=\"\" rel=\"noopener\">Linkedin<\/a><\/strong><strong>) chairman stepped down<\/strong> to focus on other professional roles, including his positions as a board member of logistics firm Aramex and chairman of Islamic insurer Salama, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/292.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. Al Qassim is also the director general of the Endowments and Minors Funds Authority in Abu Dhabi and was previously CEO for healthcare and life sciences at ADQ.<\/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\/archer-aviation\/\">Archer Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-ins\/\">Emirates Ins.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/eshraq-investments\/\">Eshraq Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/klay\/\">Klay<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103364\" 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=\"103364\">\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\/06\/egypts-elsewedy-electric-acquires-majority-of-dubai-based-thomassen-service-new-real-estate-tokenization-platform\/\">\r\n                            Egypt\u2019s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform                        <\/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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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/egypts-elsewedy-electric-acquires-majority-of-dubai-based-thomassen-service-new-real-estate-tokenization-platform\/\">\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=Egypt\u2019s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/egypts-elsewedy-electric-acquires-majority-of-dubai-based-thomassen-service-new-real-estate-tokenization-platform\/\">\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\/06\/egypts-elsewedy-electric-acquires-majority-of-dubai-based-thomassen-service-new-real-estate-tokenization-platform\/&title=Egypt\u2019s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform\">\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=Egypt%E2%80%99s+Elsewedy+Electric+acquires+majority+of+Dubai-based+Thomassen+Service+%2B+New+real+estate+tokenization+platform+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F06%2Fegypts-elsewedy-electric-acquires-majority-of-dubai-based-thomassen-service-new-real-estate-tokenization-platform%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\/06\/egypts-elsewedy-electric-acquires-majority-of-dubai-based-thomassen-service-new-real-estate-tokenization-platform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/679.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103365\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/egypts-elsewedy-electric-acquires-majority-of-dubai-based-thomassen-service-new-real-estate-tokenization-platform\/679-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/679.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"679.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/679.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/679.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103364\" class=\"content-area-description single-story post-103364 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ajman-bank tag-also-on-our-radar tag-blockchain tag-dhl tag-digitization tag-e-commerce tag-enterpriseam-uae tag-family-offices tag-infrastructure tag-investment tag-logistics tag-lulu-group tag-ma tag-maldives tag-real-estate tag-sharjah tag-smes tag-startups tag-trade tag-virtual-assets-regulatory-authority 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\/.fac000ab-2af2-4512-8a3c-78afc097f991.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">M&A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Egyptian electrical company Elsewedy Electric acquired a 60% stake in Dubai-based Thomassen Service<\/strong> as the company expands its global footprint and diversifies its capabilities in the energy sector, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/314.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The acquisition consists of Thomassen\u2019s Middle East and Africa business unit, filters manufacturing, and its African business affiliate and marks Elsewedy\u2019s expansion into the oil and gas industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThis acquisition is a strategic step toward delivering fully integrated, end-to-end solutions in the energy business. We are reinforcing our position as a comprehensive energy partner capable of executing projects from inception to long-term operation with unmatched efficiency and reliability,\u201d said Elsewedy Electric Senior Vice President Wael Hamdy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> UAE-based <\/strong><strong>logistics platform Canater has secured USD 1 mn from regional<\/strong> <strong>investment firm <\/strong><strong>Foras <\/strong><strong>in exchange for a 10% equity stake<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/05\/foras-acquires-10-stake-canater-1-million-deal\" style=\"\" rel=\"noopener\">press release<\/a>. The funding will be used to scale its digital infrastructure, expand across different sectors, and strengthen collaboration with regulators to streamline export processes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Canater? <\/strong>Founded in 2024 by Khamis Soliman (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kash-khamis-soliman-08703350\/?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Canater provides AI-powered supply chain and cross-border trade tools for manufacturers in the MENA region. Its platform offers digital contracts, financing, warehousing, logistics, and real-time shipment tracking, with an initial focus on consumer-packaged goods which has a global market value of USD 11 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong> Tadaw<\/strong><strong>ul-listed ins. firm Walaa Cooperative Ins. is closing in on its SAR 68 mn <\/strong><strong>acquisition <\/strong><strong>of Dubai\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aspireuw.com\/\" style=\"\" rel=\"noopener\">Aspire Underwriting Agency<\/a><\/strong>, having lined up final clearances from the Dubai Financial Services Authority (DFSA), it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86922&anCat=1&cs=8060&locale=en\" style=\"\" rel=\"noopener\">a filing<\/a> to the Saudi bourse. The transaction, which had been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a8469ecb-d63b-479d-8b8c-8d50e58fc399\/uae,-egypt-to-cooperate-on-space-projects\" style=\"\" rel=\"noopener\">pending DFSA approval<\/a>, grants Walaa an 88% stake in the DIFC-based ins. company, as part of its 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\">\n<p class=\"tag-border-left\">E-COMMERCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LuLu, FinMin partner on digital procurement:<\/strong> Lulu Group is connecting its corporate e-commerce platform, LuLuOn, with the federal government\u2019s digital procurement system, according to a <a target=\"_blank\" href=\"https:\/\/www.luluretail.com\/media\/news\/ministry-of-finance-integrates-lulu-retail-with-federal-digital-procurement-platform-through-new-punch-out-feature\/\" style=\"\" rel=\"noopener\">press release<\/a>. The two sides signed a strategic agreement to allow federal entities to purchase directly from LuLu\u2019s catalog through the federal e-procurement platform. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The integration aims to reduce procurement cycles from 60 days to minutes<\/strong> as well as improve cost control. Federal agencies will access LuLu\u2019s products, including food, groceries, and operational supplies at corporate pricing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai <\/strong><strong>SME\u2019s market accelerator iAccel GBI has partnered with Dubai International Financial Center\u2019s start-up focused platform <\/strong><strong>Ignyte to enhance support for high-potential startups in the UAE and GCC<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/iaccel-gbi-and-ignyte-launch-strategic-collaboration-to-enhance-global-startup-ecosystem-kccechov\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership will provide integrated access to cross-border networks, investor visibility, and mentorship. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The structure: <\/strong>Startups in iAccel GBI\u2019s portfolio will gain access to Ignyte\u2019s network of investors, corporate partners, and marketplace offers. Ignyte\u2019s startups will leverage iAccel GBI\u2019s market-entry expertise for Middle East expansion. Phased onboarding of iAccel GBI startups onto Ignyte\u2019s platform is currently underway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global <\/strong><strong>real estate tokenization platform ForteXchain launches:<\/strong> <a target=\"_blank\" href=\"https:\/\/capitalinvestmenthg.com\/\" style=\"\" rel=\"noopener\">Capital Investment Holding<\/a>, digital asset platform <a target=\"_blank\" href=\"https:\/\/fasset.com\/\" style=\"\" rel=\"noopener\">Fasset<\/a>, and Emirati digital bank <a target=\"_blank\" href=\"https:\/\/www.zand.ae\/en\/news\" style=\"\" rel=\"noopener\">Zand Bank<\/a> have launched ForteXchain, a blockchain-powered platform that allows investors to buy tokenized shares in real estate projects, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-tokenization-platform-launches-real-estate-tokenized-investment-for-both-retail-and-institutional-investors-msqzg6mp\" style=\"\" rel=\"noopener\">press release<\/a>. The platform targets both retail and institutional investors with a minimum investment threshold of USD 1.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The assets: <\/strong>An inaugural issuance round is expected to present assets in the UAE\u2019s Centurion developments, as well as in Indonesia, Spain, and Malaysia. Additional projects are set to be announced in the coming weeks, and expansion to Bahrain, Turkey, and South America is planned in later phases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Zand Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/27085ffb-e81c-4248-8e14-22442fe019d1\/more-asset-managers-eye-adgm\" style=\"\" rel=\"noopener\">received approval<\/a> from Dubai\u2019s VARA last December to launch institutional-grade digital asset custody services. Earlier this year, it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c2814c64-5025-4ca7-9c5b-41cf993e160e\/iraq-taps-crescent-petroleum-for-gas\" style=\"\" rel=\"noopener\">partnered with Web3 platform Klickl<\/a> to streamline financial management, and also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/72cf02a1-753f-4c05-9273-a075e08195cb\/mantra-to-tokenize-usd-1-bn-damac-group-assets-in-the-middle-east\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with blockchain firm Mantra to support the tokenization of USD 500 mn in real estate assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong>Maldives\u2019s government plans to build a USD 8.8 bn financial center with the support<\/strong><strong> of Dubai-based Qatari family office MBS Global Investments<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.newswire.ca\/news-releases\/the-government-of-the-maldives-and-mbs-global-investments-pledge-8-8-billion-to-create-the-maldives-international-financial-centre-854668044.html\" style=\"\" rel=\"noopener\">press release<\/a>. The Maldives International Finance Center (MIFC), set to be completed by 2030, will be located in the capital Male and offer no corporate tax and tax-free inheritance. The center aims to address the country\u2019s debt crisis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BUSINESS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ajman <\/strong><strong>Bank taps Yubi to digitize SME trade finance:<\/strong> Ajman Bank has partnered with <a target=\"_blank\" href=\"https:\/\/www.go-yubi.com\/\" style=\"\" rel=\"noopener\">Yubi<\/a> MENA to enhance SME access to trade working capital and supply chain finance through a fully digital platform, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ajman-bank-partners-with-yubi-mena-to-support-business-banking-customers-eeqzdp6l\" style=\"\" rel=\"noopener\">press release<\/a>. The collaboration will activate Yubi\u2019s Enterprise Credit Market platform, enabling Ajman Bank clients to secure corporate loans and financing digitally via its platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Yubi: <\/strong>Founded in 2020 by CEO Gaurav Kumar (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/gaurav-kumar-2a465114\/?originalSubdomain=in\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Yubi is valued at USD 1.5 bn and operates a full-stack, interoperable debt platform serving over 17k enterprises and 6.2k investors and lenders. Backed by investors like Peak XV and Insight Partners, it has facilitated USD 16 bn in debt volumes to date. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ajman-bank\/\">Ajman Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/blockchain\/\">Blockchain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dhl\/\">DHL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/digitization\/\">digitization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/family-offices\/\">Family offices<\/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\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lulu-group\/\">LuLu Group<\/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\/maldives\/\">Maldives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                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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=\"103366\">\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\/06\/chinese-exporters-are-looking-to-third-countries-to-bypass-us-tariffs\/\">\r\n                            Chinese exporters are looking to third countries to bypass US tariffs                        <\/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        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<\/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\/06\/chinese-exporters-are-looking-to-third-countries-to-bypass-us-tariffs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/340.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103367\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/chinese-exporters-are-looking-to-third-countries-to-bypass-us-tariffs\/340-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/340.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"340.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/340.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/340.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103366\" class=\"content-area-description single-story post-103366 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-china tag-planet-finance tag-trade tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.e55e02d0-f420-4a6e-bd98-1edd7bf95eaa.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chinese exporters are rerouting shipments through third countries<\/strong> in an attempt to avoid the steep US tariffs of up to 145% imposed on incoming Chinese goods, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/147fddbb-7031-4347-9251-4425614e138d\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. The tactic \u2014 known as place-of-origin washing \u2014 conceals where shipments actually come from by shipping goods to another country, repackaging them, and then issuing a new certificate of origin before being sent to the target market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Social media sites in the world\u2019s factory are full of posts advertising export washing <\/strong><strong>services<\/strong>, indicating that this hard-to-quantify issue may be larger than we think. \u201cThe US has imposed tariffs on Chinese products? Transit through Malaysia to \u2018transform\u2019 into Southeast Asian goods,\u201d the salmon-colored paper quotes one online advert as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some of these third countries are already fighting back<\/strong>, including South Korea, which uncovered USD 21 mn worth of falsely labeled products \u2014 the majority of which came from China \u2014 in the last month alone. Vietnam and Thailand are also ramping up efforts to introduce stricter measures to prevent this practice.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the problem seems to be getting worse<\/strong>, with South Korea\u2019s customs agency \u201cseeing a sharp increase in recent cases\u2026because of the US government\u2019s trade policy change.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are also other schemes exporters are using to get around US tariffs<\/strong>, including putting higher cost items with lower cost items in a bid to falsely claim a lower overall shipment cost, a shipping consultant told the paper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The practice is also causing concern for US importers<\/strong>, as they will be the ones having to pick up the tab if US customs picks up on a mislabeled shipment. One senior executive at a major Amazon seller said they had seen altered origin documents and are now reluctant to work with Chinese suppliers.<\/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 in the green this morning <\/strong>\u2014 the Shanghai Composite is up 0.6% and the Hang Seng is up 0.4%. Korea\u2019s Kospi is closed in observance of Vesak Day and Japan\u2019s Nikkei is closed as the country observes Greenery Day. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,566<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,345<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.0% (YTD: +3.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,396<\/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: +5.6%)<\/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-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>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\">4.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,423<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: -5.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">32,212<\/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: +8.3%)<\/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\">5,650<\/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: -3.9%)<\/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>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\">8,596<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +5.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,283<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: +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>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 60.23<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/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 3.57<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,341<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 94,898<\/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: +1.4%)<\/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>BONDAE <\/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 3.65<\/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\">YTD: +2.4%<\/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>S&amp;P MENA Bond &amp; Sukuk<\/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\">143.7<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/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\">23.6<\/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% (YTD: +36.3%)<\/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 DFM rose 1.0% yesterday<\/strong> on turnover of AED 377.1 mn. The index is up 3.6% 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>National Cement (+7.4%), Commercial Bank of Dubai (+6.9%) and Emirates Reem Investments (+4.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Agility The Public Warehousing Company (-5.7%), National International Holding Company (-5.1%) and Orascom Construction (-3.4%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index fell 0.1% on turnover of AED 2 bn. Meanwhile, Nasdaq Dubai was up 0.2%.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us\/\">US<\/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=\"103368\" 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=\"103368\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/uae-croatia-officials-discuss-economic-ties\/\">\r\n                            UAE, Croatia discuss economic ties                        <\/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\/06\/uae-croatia-officials-discuss-economic-ties\/\" 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\/06\/uae-croatia-officials-discuss-economic-ties\/')\">\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\/06\/uae-croatia-officials-discuss-economic-ties\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE, Croatia officials discuss economic ties&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/uae-croatia-officials-discuss-economic-ties\/\">\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\/06\/uae-croatia-officials-discuss-economic-ties\/&title=UAE, Croatia officials discuss economic ties\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%2C+Croatia+officials+discuss+economic+ties+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F06%2Fuae-croatia-officials-discuss-economic-ties%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\/06\/uae-croatia-officials-discuss-economic-ties\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/330.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103369\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/06\/uae-croatia-officials-discuss-economic-ties\/330-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/330.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"330.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/330.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/330.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103368\" class=\"content-area-description single-story post-103368 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-economy tag-enterpriseam-uae tag-logistics tag-renewables tag-tourism 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\/.d59ecae1-b2f0-41ec-8081-ec71de5bbeee.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>, Croatia eye deeper economic ties: <\/strong>Economy Minister Abdulla bin Touq Al Marri met with Croatian Economy and Sustainable Development Minister Ante \u0160u\u0161njar to discuss expanding bilateral cooperation in tourism, renewables, logistics, and creative industries, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjisefx-uae-croatia-explore-ways-strengthen-bilateral\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The meeting took place during Al Marri\u2019s European tour.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UA<\/strong><strong>E<\/strong><strong>, Cyprus discuss deeper economic ties, water aid:<\/strong> President Sheikh Mohamed bin Zayed and Cypriot President Nikos Christodoulides discussed strengthening bilateral cooperation during a phone call, with a focus on economic and development sectors, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjisefy-uae-president-receives-phone-call-from-president\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tourism\/\">tourism<\/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=\"103370\" 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\/06\/103370-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103370\" class=\"content-area-description single-story post-103370 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\">MAY  <\/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-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>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>, Fujairah Adventures Centre.<\/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:\/\/aiec.am.gov.ae\/en\/seminar-aiec-forum-2025\/\" style=\"\">Ajman Sustainable Development International Forum<\/a><\/span><span style=\"font-weight:400;\">, Ajman X Centre.<\/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:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\" style=\"\">Seatrade Maritime Logistics Middle East<\/a><\/span><span>, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>9-11 May (Friday-Sunday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/search?q=emirates+critical+care+conference+2025&rlz=1C1GCEB_enEG1149EG1149&oq=emiates+critical+&gs_lcrp=EgZjaHJvbWUqCQgBEAAYDRiABDIGCAAQRRg5MgkIARAAGA0YgAQyCQgCEAAYDRiABDIICAMQABgWGB4yCAgEEAAYFhgeMggIBRAAGBYYHjINCAYQABiGAxiABBiKBTIKCAcQABiABBiiBDIHCAgQABjvBTIKCAkQABiABBiiBNIBCDUyMDBqMGo3qAIAsAIA&sourceid=chrome&ie=UTF-8\" style=\"\">Emirates Critical Care Conference<\/a><\/span><span style=\"font-weight:400;\">, Intercontinental Festival City Hotel, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>13-14 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>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 style=\"font-weight:400;\">, 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>21 May (Wednesday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aws.amazon.com\/events\/summits\/dubai\/\" style=\"\">AWS Summit<\/a><\/span><span style=\"font-weight:400;\">, the Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-22 May (Wednesday-Tuesday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cryptoexpodubai.com\/dubai\" style=\"\">CryptoExpo Dubai<\/a><\/span><span style=\"font-weight:400;\">, the 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>17-18 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/hosted-by-abu-dhabi-projects-and-infrastructure-centre-inaugural-abu-dhabi-infrastructure-summit-to-take-place\/\" style=\"\">Abu Dhabi Infrastructure Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Energy Centre.<\/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 style=\"font-weight:400;\">9-11 January (Friday-Sunday): 1 Bn Followers Summit\u2019s fourth edition, UAE<\/span><\/li>\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<\/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 October 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi Space Week, 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;\">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: GCC-US summit next week?<\/p>\n","protected":false},"featured_media":103345,"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-103344","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b02e8b61-7212-47d5-a3a3-6f11d3a94a31","teaser":"Plus: GCC-US summit 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