{"id":103570,"date":"2025-05-13T00:00:00","date_gmt":"2025-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=103570"},"modified":"2025-12-15T03:44:30","modified_gmt":"2025-12-15T03:44:30","slug":"uae-inks-usd-5-bn-in-energy-ai-and-logistics-agreements-in-kazakhstan","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/uae-inks-usd-5-bn-in-energy-ai-and-logistics-agreements-in-kazakhstan\/","title":{"rendered":"UAE inks USD 5 bn in energy, AI, and logistics agreements in Kazakhstan"},"content":{"rendered":"<section id=\"103572\" 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=\"103572\">\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\/13\/this-morning-trump-lands-in-saudi-arabia-today-us-approves-potential-usd-1-3-bn-arms-sale-to-the-uae\/\">\r\n                            THIS MORNING: Trump lands in Saudi Arabia today + US approves potential USD 1.3 bn arms sale to the UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/983.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"983.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/983.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/983.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103572\" class=\"content-area-description single-story post-103572 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-crypto tag-defense tag-dnata tag-donald-trump tag-enterpriseam-uae tag-investment tag-logistics tag-ma 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\/.e8aca2fa-a81a-403c-ac37-2d8779052895.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people. <\/strong>US President Donald Trump has not even landed in the region yet, but the expected flood of news has already started with news of an approved USD 1.3 bn arms sale to the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The possible sale includes six CH-47F Chinook Helicopters<\/strong>, as well as parts and maintenance for F-16 warplanes, which will be used in \u201csearch and rescue, disaster relief, humanitarian support, and counterterrorism operations,\u201d the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The contractors for the sale are Boeing Helicopter Aircraft Company and Honeywell Engine Company<\/strong>, the statement said, without mentioning the contractor for the F-16 parts sale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The UAE was designated a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab224c54-36be-4410-91a0-a4a56e60a948\/us,-uae-agree-on-ai-framework,-pledge-defense,-space-cooperation\" style=\"\" rel=\"noopener\">major defense partner to the US<\/a> last year \u2014 a designation only handed so far to India \u2014 to boost defense in the Middle East, East Africa, and the Indian Ocean region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump lands in Riyadh today to meet Crown Prince and Prime Minister Mohamed bin Salman<\/strong>, as the Riyadh investment summit gets underway along with the GCC-US Summit, which has seen the Kingdom extend invitations to leaders in Kuwait, Oman, and Bahrain. There have so far been no reports or statements indicating UAE officials\u2019 attendance at the summit. Trump will head to Qatar on Wednesday before departing for the UAE later for the final day of his visit on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have the rundown of what\u2019s at stake during his visit<\/strong> \u2014 including trade and investment agreements, rumored meetings with Syrian and Palestinian leaders, and the potential easing of AI exports \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f0dcc45e-2072-4556-8166-fcb97b57deac\/what-to-expect-from-trump%e2%80%99s-gulf-visit-this-week\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue, the big story of the day is the USD 5 bn in MoUs signed with Kazakhstan<\/strong> during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan\u2019s visit. <strong>Plus: <\/strong>S&amp;P Global says Abu Dhabi is gearing up for a local debt issuance as the UAE government and its emirates plan some USD 18 bn in local currency issuances this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have plenty of investment news<\/strong>, with Arqaam Capital getting a new shareholder, Mubadala planning to invest in a South Korean taxi-hailing provider, and Amwal Capital Partners launching a USD 150 mn Sharia-compliant private credit fund. Also: Fertiglobe acquired Wengfu Australia\u2019s distribution assets, and DFM divested one of its real estate plots. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?\ufe0fWEATHER<\/strong><strong>- Temperatures in Dubai will hit <\/strong><strong>42\u00b0C<\/strong><strong> today<\/strong> before cooling to 30\u00b0C overnight<strong>, <\/strong> according to our favorite weather app. <strong>In Abu Dhabi<\/strong>, temperatures will peak at 36\u00b0C, with an overnight low of 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\"> <a id=\"wwtt1\"><\/a> <strong>#1- You can soon pay Dubai government service fees with crypto<\/strong>, after Dubai Finance inked an MoU with <a target=\"_blank\" href=\"http:\/\/crypto.com\" style=\"\" rel=\"noopener\">Crypto.com<\/a> for the initiative during Dubai Fintech Summit, according to a statement. Individuals and business owners will be able to make payments via stablecoins, which will then be converted to AED and and transferred to Dubai Finance accounts. <a target=\"_blank\" href=\"http:\/\/crypto.com\" style=\"\" rel=\"noopener\">Crypto.com<\/a> is also helping facilitate crypto payments for Emirates Petroleum Company\u2019s (<a target=\"_blank\" href=\"https:\/\/www.emarat.ae\/\" style=\"\" rel=\"noopener\">Emarat<\/a>) fuel stations in a first for the MENA region.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- Homegrown aviation service provider <\/strong><strong>dnata<\/strong><strong> is eyeing acquisitions to boost its cargo <\/strong><strong>and ground handling and catering capacity<\/strong>, CEO Steve Allen told <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/aviation\/uaes-dnata-eyes-global-expansion-with-good-acquisition-pipeline-1.500124088\" style=\"\" rel=\"noopener\">Gulf News<\/a>. The acquisitions would help boost its geographical and product capability expansion, Allen Said, adding that the company is currently conducting due diligence on several firms. The company is eyeing growth across Asia Pacific, Australasia, South America, and Europe. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- JMM Group eyes Vietnam expansion: <\/strong>UAE-based investment firm <a target=\"_blank\" href=\"https:\/\/www.jmmgroup.ae\/\" style=\"\" rel=\"noopener\">JMM Group<\/a> is looking to expand into Vietnam with investments in agriculture, renewable energy, and infrastructure, <a target=\"_blank\" href=\"https:\/\/vietnamnews.vn\/economy\/1717502\/uae-based-group-eyes-agriculture-and-infrastructure-investment-in-viet-nam.html\" style=\"\" rel=\"noopener\">Vietnam News<\/a> reports. During a meeting with the Finance Ministry yesterday, the company requested support in fast-tracking licensing and banking procedures to accelerate project implementation. The firm sees strong prospects in high-tech farming and infrastructure, JMM CEO Sameer Mohamed said. The UAE currently has 45 active projects in Vietnam worth a combined USD 77.4 mn.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/dubaifintechsummit.com\/?utm_medium=pmax&amp;utm_source=google&amp;utm_campaign=delegates\" style=\"\" rel=\"noopener\">Dubai FinTech Summit<\/a><\/strong><strong> is on its second and final day <\/strong>at Madinat Jumeriah in Dubai. The two-day event will explore financial sector trends, regulatory compliance, blockchain tech, AI-driven services, and digital banking, while analyzing investment flows, global economic shifts, and cross-border regulations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cabsat.com\/\" style=\"\" rel=\"noopener\">Cabsat<\/a><\/strong><strong> is happening today and running until Thursday<\/strong> at the Dubai World Trade Center. The event will exhibit the latest trends and technologies in the media, entertainment, and communications sectors in the MEASA region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The inaugural <\/strong><strong><a target=\"_blank\" href=\"https:\/\/satexpome.com\/\" style=\"\" rel=\"noopener\">SATExpo Middle East<\/a><\/strong><strong> is taking place from today until Thurs<\/strong><strong>day <\/strong>at the Dubai World Trade Center. Spun off from CABSAT, the new satellite and space-focused exhibition will bring together over 140 exhibitors and 80k professionals across the aviation, maritime, government, telecom, energy, and emergency response sectors, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/first-ever-edition-of-satexpo-middle-east-to-spotlight-innovations-shaping-global-space-and-satellite-industry-r833425n\" style=\"\" rel=\"noopener\">press release<\/a>. The event offers networking sessions for businesses, governments, and investors in the MEASA region.<\/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.iuhpe2025-abudhabi.com\/\" style=\"\" rel=\"noopener\">The IUHPE World Conference on Health Promotion<\/a><\/strong><strong> is kicking off t<\/strong><strong>oday and <\/strong><strong>continuing until Friday<\/strong> at the Adnec Center in Abu Dhabi. The conference will bring together over 2k global health leaders, policymakers, and advocates to address planetary health challenges, including non-communicable diseases, digital health, precision health, and emergency preparedness. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cmtevents.com\/aboutevent.aspx?ev=250510\" style=\"\" rel=\"noopener\">Low Carbon Fuels MENA Summit<\/a><\/strong><strong> 2025 will take place today <\/strong><strong>and tomorrow <\/strong>at the Sheraton Dubai Creek Hotel &amp; Towers. The summit will gather global experts and regional leaders to discuss the challenges and potential in the low-carbon fuel sector, and will feature exhibitions from businesses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/worldpolicesummit.com\/\" style=\"\" rel=\"noopener\">World Police Summit<\/a><\/strong><strong> begins today and runs through until Thursday <\/strong>at the Dubai World Trade Center. The summit brings together over 110 police chiefs and more than 300 speakers from over 110 countries. Key topics include AI in law enforcement, cross-border cybercrime, human trafficking, and digital transformation.<\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Economy Middle East Summit will take place on Thursday, 15 May<\/strong> at the ADGM in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2146.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The event will feature discussions on the economy, banking and finance, technology, cybersecurity, AI, hospitality and tourism, real estate, and energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/india-uae-partners-in-progress-conclave-2025-set-for-may-15-in-dubai-sfx52uwf\" style=\"\" rel=\"noopener\">India-UAE: Partners in Progress Conclave<\/a><\/strong><strong> will be held this Thursday, 15 May <\/strong>at Taj Exotica Resort &amp; Spa in The Palm in Dubai. The event will bring together policymakers, business leaders, and innovators, with an aim to accelerate collaboration across trade, energy, tourism, tech, and startups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/events\/investopia-europe-3rd-edition\/\" style=\"\" rel=\"noopener\">Investopia<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/events\/investopia-europe-3rd-edition\/\" style=\"\" rel=\"noopener\">Europe<\/a><\/strong><strong> will take place on Friday, 16 May <\/strong>at Palazzo Mezzanotte in Milan. Approximately 60 Emirati delegates government entities and private sector firms \u2014 including the Abu Dhabi Investment Office, Dubai\u2019s Department of Economy and Tourism, Ras Al Khaimah Economic Zone, Invest in Sharjah, G42, ADQ, NG9, and Marjan \u2014 will engage with Italian and European business leaders to explore potential investments and partnerships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/hodlsummit.com\/\" style=\"\" rel=\"noopener\">HODL Summit<\/a><\/strong><strong> \u2014 the rebranded World Blockchain Summit \u2014 will take place<\/strong> <strong>on Wednesday, <\/strong><strong>14 May, and Thursday, 15 May<\/strong> at Madinat Jumeirah in Dubai. The summit will gather stakeholders from across the Web3, blockchain, and crypto ecosystems for discussions on investment, regulation, and innovation. More than 30k C-suite attendees and 5k investors are expected, along with over 1k exhibitors and sponsors and 1.2k speakers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#<\/strong><strong>5- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.integrateme.com\/\" style=\"\" rel=\"noopener\">Integrate Middle East<\/a><\/strong><strong> will be running from tomorrow until Thursday<\/strong> at the Dubai World Trade Center. The event will showcase advancements in audio-visual technology and media for the broadcasting, communications, and entertainment industries.<\/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>Hamas <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-says-not-committed-hamas-ceasefire-only-safe-corridor-us-hostage-release-2025-05-12\/\" style=\"\" rel=\"noopener\">released Israeli-American Edan Alexander<\/a><\/strong><strong> from captivity yesterday <\/strong>during a brief halt of hostilities that ended later in the day. The release \u2014 framed as \u201ca gesture of goodwill\u201d towards the Trump administration \u2014 is widely expected to revitalize ceasefire talks, with Israel planning to send a delegation to Doha on Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A ceasefire is crucial for Gaza: <\/strong>The complete blockade on food and medicine by Israel for more than 70 days sent hundreds of thousands starving, pushing the enclave to the brink of full-blown famine, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2356dfb3-bd89-40cc-ac69-63f791312a9e\" style=\"\" rel=\"noopener\">a UN panel said yesterday<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN THE REGION- Kurdish separatist group PKK <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-12\/kurdish-separatist-group-pkk-ends-40-year-war-against-turkey\" style=\"\" rel=\"noopener\">decided to disarm and disband<\/a><\/strong>, after four decades of fighting for autonomy from Turkey. The end of the conflict is expected to bolster Ankara\u2019s ambitions in the region and free up resources to rebuild Syria\u2019s military and civilian infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN BUSINESS- The US and China have agreed to a 90-day pause to their trade war after two days of talks <\/strong><strong>in Geneva. <\/strong>We have the details on this in today\u2019s Planet Finance.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" 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class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/uae-kazakhstan-ink-usd-5-bn-in-mous\/\">\r\n                            UAE, Kazakhstan ink USD 5 bn in MoUs                        <\/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\/13\/uae-kazakhstan-ink-usd-5-bn-in-mous\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/uae-kazakhstan-ink-usd-5-bn-in-mous\/957-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/957.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"957.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/957.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/957.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103575\" class=\"content-area-description single-story post-103575 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi tag-ad-ports-group tag-energy tag-enterpriseam-uae tag-healthcare tag-infrastructure tag-investment-watch tag-logistics tag-masdar tag-renewables 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\/.42b1e891-3817-48ea-904e-853681c99041.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The UAE and Kazakhstan have inked USD 5 bn in MoUs spanning ene<\/strong><strong>rgy, <\/strong><strong>infrastructure, AI, and logistics<\/strong>, after Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan held official talks with Kazakhstan President Kassym-Jomart Tokayev in Astana, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/crown-prince-news\/crown-prince-of-abu-dhabi-and-president-of-kazakhstan-discuss-bilateral-relations-witness-exchange-of-cooperation-agreements-and-mous\/\" style=\"\" rel=\"noopener\">statement<\/a>. The talks came during <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/73af7eeb-e6aa-4f65-941b-8ba8a5739b6c\/this-morning:-eu-regulators-to-decide-on-adnoc%25e2%2580%2599s-covestro-bid-today\" style=\"\" rel=\"noopener\">Sheikh Khaled's visit<\/a> to Kazakhstan, which started on Sunday, and the agreements were worth USD 5 bn, Foreign Trade Minister Thani Al Zeyoudi <a target=\"_blank\" href=\"https:\/\/x.com\/ThaniAlZeyoudi\/status\/1921969947732828302\" style=\"\" rel=\"noopener\">said on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Masdar and Kazakh sovereign wealth <\/strong><strong>fund Samruk-Kazyna will collaborate on a round-the-clock energy project<\/strong> with a base capacity of 500 MW and a battery energy storage system with a 2 GW capacity. This is not the first time Masdar links up with the sovereign wealth fund \u2014 the renewables giant <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/418cb0e3-79bc-45eb-86a8-4b3a71b29148\/masdar-progresses-on-1-gw-kazakh-wind-farm\" style=\"\" rel=\"noopener\">signed an investment agreement<\/a> last year with Kazakhstan\u2019s government to develop a 1 GW wind farm in Kazakhstan alongside W Solar and Qazaq Green Power, owned by Samruk-Kazyna, and the Kazakhstan Investment Development Fund. The two sides also ratified the MoU for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90d62b3f-10d3-4327-af29-d23390d05976\/kazakhstan-ratifies-agreement-for-masdar-backed-usd-1.4-bn-wind-project\" style=\"\" rel=\"noopener\">wind farm in Jambyl<\/a> during the visit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Abu Dhabi Commercial Bank (ADCB) also inked an Mo<\/strong><strong>U with Samruk-Kazyna to support alternative energy, infrastructure, financial services<\/strong>, and green transition projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>AIQ, Adnoc and G42\u2019s AI joint venture, and Samruk-Kazyna will collaborate on <\/strong><strong>improving Kazakhstan\u2019s oil and gas sector\u2019s efficiency<\/strong><strong>. <\/strong>National oil company QazaqGas will also work with AIQ on knowledge sharing using AI and advanced tech to improve its operational efficiency.<\/p>\n<p class=\"tag-border-left\">AI- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI<\/strong><strong> collaboration in the works: <\/strong>ADX-listed data analytics firm Presight AI will deliver two Nvidia H200 superpods for a new data center in Astana to support its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4cfcf804-1cbb-4187-a237-f546fb91c1fd\/ihc%25e2%2580%2599s-2pointzero-acquires-ehc-stake\" style=\"\" rel=\"noopener\">smart city project<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>In February, Presight signed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4cfcf804-1cbb-4187-a237-f546fb91c1fd\/ihc%25e2%2580%2599s-2pointzero-acquires-ehc-stake\" style=\"\" rel=\"noopener\">USD 190 mn agreement<\/a> to develop an AI-powered smart city in Astana to digitize urban infrastructure and modernize public services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong><strong>Presight opened its first overseas office in Kazakhstan:<\/strong> UAE-based big data and AI firm Presight opened a regional office in Astana, Kazakhstan\u2019s capital, the Abu Dhabi Media Office said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/943.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Located at the Astana International Financial Center, the new office marks Presight\u2019s first outside the UAE and will serve as a regional hub for Central Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The office\u2019s focus: <\/strong>The national team of over 40 employees will support major national projects from the office, including plans to establish an AI Command and Control Center at Alem AI to power smart city operations across mobility, energy, public safety, and infrastructure systems.<\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>AD Ports Group and Kazmortransflot will expand<\/strong><strong> their <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1892854d-5d0e-4456-a225-6d97f3e8e37a\/dubai-based-teammates.ai-launches-new-ai-agents-to-handle-entire-job-functions\" style=\"\" rel=\"noopener\">existing collaboration<\/a><\/strong><strong> on container shipping in the Caspian Sea<\/strong>, adding another four vessels with a capacity of 780 20-foot equivalent units to support bilateral trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The UAE\u2019s Terminals Holding and Kazakhstan\u2019s Transport Ministry also signed an<\/strong><strong> agreement to improve aviation infrastructure<\/strong>, operational efficiency, as well as increase bilateral air services.<\/p>\n<p class=\"tag-border-left\">OTHER MoUs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Fund for Development and the Turkestan<\/strong><strong> Region Administration will build a maternity hospital in Turkestan<\/strong>, and the governments signed knowledge exchange and cooperation MoUs for the legal and transport sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The UAE and Kazakhstan have been steadily deepening ties across different sectors. In April, the UAE and Kazakhstan\u2019s central banks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4edac6ff-1e64-41ef-b755-d1aaffdb0cad\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\" style=\"\" rel=\"noopener\">signed an MoU to boost cooperation<\/a> on fintech, CBDCs, cybersecurity, and Islamic finance. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ea18965-d860-458f-85dd-366fb8595e85\/new-cross-border-securities-link-for-nasdaq-dubai-and%253cmark%253e-astana%253c%2Fmark%253e-international-exchange\" style=\"\" rel=\"noopener\">Earlier this month<\/a>, a new cross-border securities link was set up between Nasdaq Dubai and the Astana International Exchange.<\/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 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href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/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=\"103577\" 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=\"103577\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/abu-dhabi-gears-up-for-local-debt-issuance\/\">\r\n                            Abu Dhabi readies AED-denominated debt issuance as the UAE eyes USD 8 bn in local debt this year -S&amp;P Global                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/abu-dhabi-gears-up-for-local-debt-issuance\/&title=Abu Dhabi gears up for local debt issuance\">\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=Abu+Dhabi+gears+up+for+local+debt+issuance+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Fabu-dhabi-gears-up-for-local-debt-issuance%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\/13\/abu-dhabi-gears-up-for-local-debt-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103578\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/abu-dhabi-gears-up-for-local-debt-issuance\/1336-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1336.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103577\" class=\"content-area-description single-story post-103577 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-abu-dhabi tag-debt tag-debt-watch tag-sp 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\/.357dbf54-caec-443c-ac6b-049237af36d0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi <\/strong><strong>is<\/strong><strong> currently re<\/strong><strong>adying a local currency debt issuance,<\/strong> as part of an ongoing effort to develop the UAE\u2019s domestic debt capital markets, with the emirate and the UAE federal government expected to issue some USD 8 bn in AED-denominated debt in 2025 to help support \u201cthe building of a domestic yield curve,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/250512-sovereign-brief-uae-s-domestic-debt-capital-market-gains-momentum-101623415#:~:text=S%26P%20Global%20Ratings%20expects%20that,of%20a%20domestic%20yield%20curve\" style=\"\" rel=\"noopener\">research note<\/a> from S&amp;P Global Ratings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The UAE could see less debt issuances this year:<\/strong><span style=\"background-color: transparent;\"> Individual emirates and the UAE federal government are expected to issue around USD 18 bn in total debt this year, down from USD 19 bn in 2024.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the funds will go:<\/strong> Around 55% of the issuances from individual emirates and the federal government will be used for refinancing or to roll over maturing debt, S&amp;P predicts. Sharjah is the only emirate rated by the agency that is expected to issue debt to meet a fiscal shortfall of 6.3% of GDP, while Abu Dhabi and Ras Al Khaimah are expected to maintain a surplus position this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This could give smaller issuers greater access to capital markets:<\/strong> The building of a domestic yield curve could be used in the pricing of issuances, and could help smaller issuers access capital markets while also \u201cdiversifying the funding base,\u201d according to S&amp;P. However, as far as corporations are concerned, the agency still expects bank funding along with access to international capital markets to remain the core funding sources for the foreseeable future.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> UAE issuers \u2014 alongside others in the region like Saudi sovereign wealth fund PIF \u2014 have been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/505f6fe0-1f6e-4d4d-802b-1ab984196acb\/uae-issuers-are-rushing-into-debt-markets-as-investors-remain-bullish-on-the-uae-amid-tariff-headwinds\" style=\"\" rel=\"noopener\">taking advantage<\/a> of positive market conditions following weeks of instability with fresh issuances. Earlier this month, the Abu Dhabi sovereign wealth fund ADQ began selling a USD 1 bn dual-tranche bond, while DP World priced a USD 1.5 bn sukuk, and Omniyat Holdings issued its debut USD 500 mn sukuk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In general, debt issuances this year are likely to be \"opportunistic and market dep<\/strong><strong>endent,\u201d<\/strong> with emirates expected to maintain \u201cprudent fiscal policies and strong balance sheets.\u201d Abu Dhabi is expected to repay some USD 6 bn in maturing debt, while Dubai is also continuing to pay back debt since the start of the year. However, the latter could see the issuance of more debt in 2026 as a means of funding the expansion of the Al Maktoum International Airport and the renovation of the rainwater drainage network, according to S&amp;P.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The domestic debt market in the UAE has been slow so far \u2014 but it appears to be gaining mo<\/strong><strong>mentum<\/strong>, according to S&amp;P. This is especially important, the agency argues, as \u201ccapital markets are volatile in an uncertain global environment , and reliance on international capital markets could expose some issuers to higher borrowing costs,\u201d the note reads. Meanwhile, the UAE\u2019s highly liquid banks should provide strong lending growth in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><i>***Editor's note:&nbsp;<\/i><span style=\"background-color: transparent; font-size: 16.25px;\"><font color=\"#b5b5c3\"><i>&nbsp;A previous version of this article incorrectly stated that AED-denominated debt issuance in the UAE this year is expected to reach USD 18 bn. The correct figure refers to total debt issuance across all currencies, not just AED-denominated instruments.&nbsp;&nbsp;<\/i><\/font><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp\/\">S&amp;P<\/a>\n                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\n<article id=\"post-103579\" class=\"content-area-description single-story post-103579 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103580\" 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=\"103580\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/fetriglobe-to-acquire-wengfu-australias-distribution-assets\/\">\r\n                            Fetriglobe to acquire Wengfu Australia\u2019s distribution assets                        <\/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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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=Fetriglobe+to+acquire+Wengfu+Australia%E2%80%99s+distribution+assets+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Ffetriglobe-to-acquire-wengfu-australias-distribution-assets%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\/13\/fetriglobe-to-acquire-wengfu-australias-distribution-assets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103581\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/fetriglobe-to-acquire-wengfu-australias-distribution-assets\/996-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"996.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103580\" class=\"content-area-description single-story post-103580 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adnoc tag-australia tag-enterpriseam-uae tag-fertiglobe tag-ma tag-ma-watch 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\/.3dd152b2-b691-458d-a76a-e578b9edf5ca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fertiglobe<\/strong> <strong>to acquire Wengfu Australia assets to scale Asia-Pacific fertilizer <\/strong><strong>reach: <\/strong>Adnoc-owned urea and ammonia producer and exporter <a target=\"_blank\" href=\"https:\/\/fertiglobe.com\/\" style=\"\" rel=\"noopener\">Fertiglobe<\/a> has inked an agreement to acquire the distribution assets of fertilizer supplier <a target=\"_blank\" href=\"https:\/\/wengfu.com.au\/\" style=\"\" rel=\"noopener\">Wengfu Australia<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/871.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The asset sale and purchase agreements will see Fetriglobe pay the net values of the assets, made up of liquid inventory and net working capital, as well as a USD 8 mn premium. Its current normalized working capital is estimated to be USD 75 mn, and will be financed through pre-arranged trade and factoring facilities, with no impact on dividends and minimal effect on leverage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline: <\/strong>The acquisition is subject to regulatory approvals, but is expected to close soon. It is set to be earnings per share accretive, meaning the earnings per share are expected to increase following the transaction, with a 2.8% uptick expected in 2026 and 4.1% in 2027, before synergies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What will Fertiglobe gain? <\/strong>Wengfu Australia\u2019s asset portfolio includes eight warehouses spread across five ports, helping to distribute 700-800 kt of fertilizer annually. There is also capacity to scale-up production to 1.1 mn tonnes annually. The acquisition also widens Fertiglobe\u2019s portfolio to non-nitrogen fertilizers, and increases its customer base and sourcing flexibility to the Asia-pacific region. Fertiglobe already supplies around 600 kt of urea to Australia yearly.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Barclays just recently <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/73af7eeb-e6aa-4f65-941b-8ba8a5739b6c\/this-morning:-eu-regulators-to-decide-on-adnoc%25e2%2580%2599s-covestro-bid-today\" style=\"\" rel=\"noopener\">initiated coverage<\/a><\/strong><strong> on Fertiglobe<\/strong>, along with other Adnoc firms, with a positive overweight rating, <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Wengfu Australia: <\/strong>Wengfu Australia was established in 2009 and is a subsidiary of China\u2019s <a target=\"_blank\" href=\"https:\/\/www.guizhoulinhua.com\/en\/\" style=\"\" rel=\"noopener\">Guizhou Phosphate and Chemical Group<\/a> \u2014 the world\u2019s third-largest phosphate fertilizer manufacturer. Wengfu Australia serves over 200 customers across Southeast Australia.<\/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\/australia\/\">Australia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103582\" 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=\"103582\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dfm-begins-divestment-drive-offloads-plot-for-aed-827-mn\/\">\r\n                            DFM begins divestment drive, offloads plot for AED 827 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dfm-begins-divestment-drive-offloads-plot-for-aed-827-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The move is part of DFM\u2019s strategy to reallocate capital to higher-growth prospects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Payment terms:<\/strong> The transaction will come in three tranches starting with a 20% deposit, then 30% to be paid after 12 months, and the remaining 50% after 24 months. The agreement includes a deferred title structure and is expected to close by 8 May 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financial impact:<\/strong> DFM expects AED 499.7 mn in investment income from the transaction, which will be reflected in its 2Q 2025 results. The asset previously generated AED 4.2 mn in cash outflows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Last week, the DFM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/853b1b14-db08-4da1-8e0b-ba96258ea8c5\/%253cmark%253edfm%253c%2Fmark%253e-to-divest-non-core-assets-%2B-aqlanx-secures-usd-10-mn-investment\" style=\"\" rel=\"noopener\">signed a binding agreement<\/a> to divest part of its non-core investment assets under its capital optimization strategy. While details were limited at the time, the move was said to support DFM\u2019s push to maintain a diversified revenue stream, with investment and other income accounting for 53.9% of its AED 186.5 mn in revenues in 1Q 2025. Net income before tax rose 41.1% y-o-y to AED 134.9 mn in the quarter, supported by record trading activity and strong foreign investor participation.<\/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\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-financial-market\/\">Dubai Financial Market<\/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\/ma-watch\/\">M&amp;A WATCH<\/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=\"103584\" 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=\"103584\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/ethmar-buys-into-arqaam-capital\/\">\r\n                            Ethmar buys into Arqaam Capital                        <\/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\/13\/ethmar-buys-into-arqaam-capital\/\" 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\/13\/ethmar-buys-into-arqaam-capital\/')\">\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\/13\/ethmar-buys-into-arqaam-capital\/\">\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=Ethmar buys into Arqaam Capital&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/ethmar-buys-into-arqaam-capital\/\">\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\/13\/ethmar-buys-into-arqaam-capital\/&title=Ethmar buys into Arqaam Capital\">\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=Ethmar+buys+into+Arqaam+Capital+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Fethmar-buys-into-arqaam-capital%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\/13\/ethmar-buys-into-arqaam-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/961.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103585\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/ethmar-buys-into-arqaam-capital\/961-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/961.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"961.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/961.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/961.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103584\" class=\"content-area-description single-story post-103584 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-investment tag-ma-watch 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\/.e973bf8f-7314-4a31-9cf8-a16f44c948e5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based<\/strong><strong> investment bank Arqaam Capital is bringing a new <\/strong><strong>heavyweight to its shareholder roster, with an undisclosed <\/strong><strong>investment from Abu Dhabi\u2019s Ethmar International Holding (EIH)<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/927.pdf\" style=\"\" rel=\"noopener\">a statement (pdf)<\/a>. There\u2019s no publicly available information about the exact size and value of the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The fresh capital injection will fuel Arqaam\u2019s growth strategy across the MENA<\/strong><span style=\"background-color: transparent;\">, the statement said. The firm is also looking to grow its share of the equity and debt capital markets, corporate brokerage, and investor relations segments, in addition to scaling its core business, which covers investment banking, asset management, principal finance, and global markets.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EIH joins an already impressive group of regional shareholders<\/strong> that includes Emirates NBD, Commercial Bank International, Qatar Ins. Co, and Kuwait\u2019s Public Institution for Social Security, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arqaam has played a key role in some of the UAE\u2019s biggest listings<\/strong>, including those of Borouge, Adnoc Gas, and Adnoc Logistics &amp; Services, and has advised on over USD 12 bn worth of ECM and M&amp;A transactions since 2021, the statement said. The firm\u2019s wealth and asset management business has USD 1.7 bn in AUM across advisory, fixed income, equities and alternative strategies. In 2024, the firm executed over USD 35 bn in MENA securities for more than 1.1k institutional clients across the MENA, North America, the UK, Europe, and Asia, the statement said. The firm also has offices in Egypt, Saudi Arabia, and Lebanon. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103586\" 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=\"103586\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/amwal-capital-partners-launches-usd-150-mn-sharia-compliant-private-credit-fund\/\">\r\n                            Amwal Capital Partners launches USD 150 mn Sharia-compliant private credit fund                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul 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<\/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\/13\/amwal-capital-partners-launches-usd-150-mn-sharia-compliant-private-credit-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103587\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/amwal-capital-partners-launches-usd-150-mn-sharia-compliant-private-credit-fund\/2689-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2689.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103586\" class=\"content-area-description single-story post-103586 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-amwal-capital-partners tag-enterpriseam-uae tag-investment-watch tag-private-credit 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\/.ad76408e-35d2-472e-b21c-222bfdcaaf4c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-bas<\/strong><strong>ed asset management firm Amwal Capital Partners launched a <\/strong><strong>USD 150 <\/strong><strong>mn Shariah-compliant private credit fund<\/strong>, aimed at supporting companies offering asset-backed solutions for tech-enabled platforms, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/921.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund plans to target 12-15 transactions over five years<\/strong>, primarily in Saudi Arabia and the UAE. It has already surpassed its initial funding goal, attracting prominent institutional investors from across the region, Amwal\u2019s co-head of fixed income Sharif Eid said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Amwal Capital:<\/strong> Established in 2014, Amwal focuses on public market investments across the region, according to its <a target=\"_blank\" href=\"https:\/\/www.amwalcp.com\/aboutus.php#:~:text=Amwal%20Capital%20Partners%20is%20an,North%20Africa%20(MENA)%20region.\" style=\"\" rel=\"noopener\">website<\/a>. Its clientele includes sovereign wealth funds, global institutional investors, and multi-family offices. The firm expanded with an office in Saudi Arabia in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE\u2019s private credit market is growing, with Mubadala\u2019s private credit portfolio reaching <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/91be5a70-1625-4001-8c08-17822a7679db\/mubadala%25e2%2580%2599s-assets-grew-9%2525-in-2024-amid%253cmark%253e-private-credit%253c%2Fmark%253e-push\" style=\"\" rel=\"noopener\">USD 20 bn<\/a> last year, emerging as its top performing asset class for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7ffa5c35-3774-4135-ab0b-31ee97a871fc\/private-credit-emerges-as-mubadala%25e2%2580%2599s-top-performing-asset-over-the-past-three-years\" style=\"\" rel=\"noopener\">third consecutive year<\/a>. The Abu Dhabi Investment Authority (ADIA) also invested an additional USD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5398f7f1-17e4-4246-ac52-cd569c831040\/adia-buys-more-shares-in-jefferies%253cmark%253e-credit%253c%2Fmark%253e-partners\" style=\"\" rel=\"noopener\">5 mn stake<\/a> in Jefferies Credit Partners last month and anchored AlbaCore\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0cf65827-de53-4ddb-8e40-4b2a4ac021d0\/adia,-mubadala-boost-investments-in%253cmark%253e-private-credit%253c%2Fmark%253e-abroad\" style=\"\" rel=\"noopener\">USD 1.8 bn<\/a> European lending strategy in March. Private credit firms are expected to see <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de99c7ca-e5e5-427c-893c-647f2478599d\/this-morning:-cbuae-cuts-rates-by-25-bps-in-line-with-the-fed-%2B-adia-hits-usd-1-tn-aum-milestone\" style=\"\" rel=\"noopener\">rising demand<\/a> as more medium-sized businesses grow their presence in the UAE, Golub Capital\u2019s CEO Lawrence Golub said.<\/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\/amwal-capital-partners\/\">Amwal Capital Partners<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-credit\/\">private credit<\/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=\"103588\" 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=\"103588\">\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\">TRADE &amp; LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/\">\r\n                            DP World to overhaul Dominican Republic port + freetrade zone for USD 760 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=DP World to overhaul Dominican Republic port + freetrade zone for USD 760 mn&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/&title=DP World to overhaul Dominican Republic port + freetrade zone for USD 760 mn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=DP+World+to+overhaul+Dominican+Republic+port+%2B+freetrade+zone+for+USD+760+mn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Fdp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2574.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103589\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/dp-world-to-overhaul-dominican-republic-port-freetrade-zone-for-usd-760-mn\/2574-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2574.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2574.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2574.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2574.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103588\" class=\"content-area-description single-story post-103588 post type-post status-publish format-standard has-post-thumbnail hentry category-trade-logistics tag-dp-world tag-enterpriseam-uae tag-investment tag-logistics tag-trade tag-trade-logistics 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\/.dca8f0cc-963c-436e-86e4-ef16275cb10a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>National port operator DP World and the government of the Dominican<\/strong><strong> Republic have inked a USD 760 mn MoU to expand the Port of Caucedo and its freetrade zone<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/usa\/news\/latest-news\/dp-world-signs-agreement-to-expand-port-caucedo-in-dominican-republic\" style=\"\" rel=\"noopener\">press release<\/a> published on Friday. The project is expected to catalyze USD 3.9 bn in foreign direct investment, add 300k TEUs in cargo volume per year, bolster manufacturing output by USD 4 bn, and create thousands of jobs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The funds will be split between port and freetrade zone:<\/strong><\/p>\n<ul>\n<li>Some<strong> USD 380 mn<\/strong> will go toward raising cargo capacity at the port to 3.1 mn TEUs, up from 2.5 mn TEUs currently; shoring up general cargo operations; expanding the quay and breakwater to ready them for next-generation vessels; as well as installing ship-to-shore cranes, yard and security equipment;<\/li>\n<li>The <strong>remaining USD 380 mn<\/strong> will go towards widening the 86-hectare freetrade zone by 225 hectares; installing a marketing center to solicit global tenants; and establishing a new road network and pre-built cargo units.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cBy boosting capacity and enabling nearshoring opportunities, we will transform Caucedo into the most advanced logistics hub in the Caribbean, not only strengthening supply chain resilience across the Americas but also creating a powerful engine for economic growth and job creation in the Dominican Republic,\u201d CEO Sultan Ahmed bin Sulayem noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> DP World manages both the Port of Caucedo\u2019s marine terminal and the adjoining freetrade zone. Through its subsidiary Unifeeder, the port operator <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fae424c4-f211-4d95-816d-d0220ddfcad8\/dp-world%25e2%2580%2599s-unifeeder-kicks-off-new-service-linking-colombia-%2B-panama\" style=\"\" rel=\"noopener\">added fixed a weekly feeder service<\/a> last year connecting the Dominican Republic port to other Caribbean ports. In 2023, the company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/237f156a-cb4b-4d05-a0dc-17bf0e99a372\/dp-world-to-increase-container-handling-capacity-at-some-regional-ports-by-3-mn-teus-by-year%25e2%2580%2599s-end\" style=\"\" rel=\"noopener\">added 1.2 mn TEUs<\/a> in capacity for the port. The port operator also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/09e11c37-447b-4c81-9fc0-1cc0cabeca94\/dubai-is-getting-a-gigafarm-%2B-dp-world-begins-operations-at%253cmark%253e-punta-cana%253c%2Fmark%253e-air-cargo-hub\" style=\"\" rel=\"noopener\">launched operations<\/a> in late 2023 at its air cargo hub in Punta Cana, which comprises an air cargo logistics hub established in partnership with Punta Cana Freetrade Zone (PCFTZ).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World is investing in expansions here at home too: <\/strong>DP World is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d281a98-a9e4-474e-b579-98be3ca25e81\/jafza-to-put-aed-8.5-bn-towards-upgrades-and-expansions\" style=\"\" rel=\"noopener\">planning to expand<\/a> another freezone\u2014Jebel Ali FreeZone (Jafza)\u2014with nearly AED 8.5 bn in investments to span the next three years to expand the zone and upgrade its infrastructure. DP World also completed developing the Philippines\u2019 Manila South Harbor with Asia Terminals Inc for USD 100 mn last week.<\/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\/dp-world\/\">DP World<\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade-logistics\/\">TRADE &amp; LOGISTICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103590\" 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=\"103590\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/\">\r\n                            Mubadala plans to invest USD 400 mn in South Korea\u2019s Kakao Mobility via a consortium                        <\/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\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/\" 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\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/')\">\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\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/\">\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=Mubadala plans to invest USD 400 mn in South Korea\u2019s Kakao Mobility via a consortium&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/\">\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\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/&title=Mubadala plans to invest USD 400 mn in South Korea\u2019s Kakao Mobility via a consortium\">\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=Mubadala+plans+to+invest+USD+400+mn+in+South+Korea%E2%80%99s+Kakao+Mobility+via+a+consortium+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Fmubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium%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\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/826.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103591\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/mubadala-plans-to-invest-usd-400-mn-in-south-koreas-kakao-mobility-via-a-consortium\/826-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/826.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"826.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/826.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/826.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103590\" class=\"content-area-description single-story post-103590 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-goldman-sachs tag-investment-watch tag-mubadala-investment-company 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\/.19271e7c-a0ec-49a9-852f-2f57664dd3a7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala Investment Company plans<\/strong><strong> to invest<\/strong><strong> around USD 400 mn in South <\/strong><strong>Korean mobility platform Kakao Mobility via a consortium<\/strong> led by Seoul-based private equity firm VIG Partners, investment banking sources told <a target=\"_blank\" href=\"https:\/\/www.kedglobal.com\/mergers-acquisitions\/newsView\/ked202505090005\" style=\"\" rel=\"noopener\">The Korea Economic Daily<\/a>. VIG is looking to acquire a 40-49% stake in Kakao Mobility, the country\u2019s largest taxi-hailing platform. Goldman Sachs is reportedly investing USD 300 mn through a separate vehicle.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Including Goldman\u2019s investment, VIG plans to inject between some USD 1.4 bn into Kakao Mobility<\/strong><span style=\"background-color: transparent;\">, with approximately USD 750 mn of that coming from acquisition financing. Korea Development Bank, Shinhan Bank, Woori Bank, and Kiwoom Securities are arranging the acquisition financing. The firm will also utilize its blind pool fund.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not clear whether Goldman Sachs and<\/strong><strong> the VIG-led consortium<\/strong> are co-investing or if Goldman is gunning for a separate stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kakao Mobility\u2019 current stakeholders include: <\/strong>Kakao Corp., which holds a 57.2% stake, as well as TPG (29%), Carlyle Group (6.17%), LG Corp. (2.46%), and Google (1.52%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While VIG aims to close the investment by the end of May, hurdles remain. <\/strong>Key concerns include skepticism from investors about Kakao Mobility\u2019s valuation\u2014estimated at around KRW 6 tn (USD 4.3 bn)\u2014and difficulties securing exit agreement terms with shareholders. Kakao, the operator of KakaoTalk, rejected a management buyout proposal from VIG.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf sovereign wealth funds are showing increased interest in South Korean investments<\/strong>. The UAE committed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be1092a0-4949-4b50-868e-13adb738c990\/uae-inks-economic-and-trade-agreement-with-south%253cmark%253e-korea%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 30 bn<\/a> in Korean investments via Mubadala and launched a UAE-Korea Sovereign Investment Partnership with Korea Development Bank. Over in Riyadh, SVC and PIF\u2019s Jada are backing a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2023\/06\/saudi-arabia-south-korea-launch-160-million-startup-fund\" style=\"\" rel=\"noopener\">USD 160 mn startup fund<\/a> that aims to invest in both South Korean and Saudi startups.<\/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\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala-investment-company\/\">Mubadala Investment Company<\/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=\"103592\" 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=\"103592\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/\">\r\n                            Al Mal Capital\u2019s REIT to increase capital by up to AED 300 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Al Mal Capital\u2019s REIT to increase capital by up to AED 300 mn&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/&title=Al Mal Capital\u2019s REIT to increase capital by up to AED 300 mn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Al+Mal+Capital%E2%80%99s+REIT+to+increase+capital+by+up+to+AED+300+mn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Fal-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/727.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103593\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/al-mal-capitals-reit-to-increase-capital-by-up-to-aed-300-mn\/727-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/727.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"727.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/727.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/727.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103592\" class=\"content-area-description single-story post-103592 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-al-mal-capital-reit tag-capital-markets tag-enterpriseam-uae tag-securities-and-commodities-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\/.a7b590ee-5428-4eb3-8d92-55b6c50d1f5e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-bas<\/strong><strong>ed asset manager Al Mal Capital's REIT unitholders approved a prop<\/strong><strong>osal to increase the fund\u2019s capital by up to AED <\/strong><strong>300 mn<\/strong>, from the current AED 513.9 mn, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/936.pdf\" style=\"\" rel=\"noopener\">a disclosure to the DFM (pdf)<\/a>. Al Mal is a unit of Dubai Investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details:<\/strong><span style=\"background-color: transparent;\"> The firm will issue up to 300 mn new units, priced at AED 1.1 per unit. The units will be offered through a public offering, with an issuance fee of 2.5 fils per unit to cover professional expenses.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The REIT <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/35ee8cde-bbca-4165-b2d0-e36485688950\/al-mal-capital-reit-completes-aed-180-mn-capital-increase-through-tradable-rights-issue\" style=\"\" rel=\"noopener\">completed<\/a> a AED 180 mn capital increase from a tradable rights issue last year. The firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae8206f2-a4af-4962-9b40-5f7b063744d6\" style=\"\" rel=\"noopener\">was looking to raise<\/a> up to AED 440 mn in new capital if the rights issue was fully subscribed. The company said it would use the proceeds to execute its investment strategy, which is geared at diversifying the portfolio, with a minimum of 75% of the funds allocated in the UAE and up to 25% in the GCC and other countries <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Upon receiving approval from the Securities and Commodities Authority (SCA), detailed information about the offering will be disclosed through an official announcement on the Dubai Financial Market (DFM).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The <\/strong><strong>REIT<\/strong><strong> secured unitholder approval to acquire a hospital asset in Dubai valued<\/strong><strong> at AED 350 mn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/935.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The property is owned by a party related to both the fund manager and some of the REIT\u2019s unitholders. The fund manager has been granted full authority to negotiate, finalize, and execute the acquisition.<\/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\/al-mal-capital-reit\/\">Al Mal Capital REIT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/securities-and-commodities-authority\/\">Securities and Commodities Authority<\/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=\"103594\" 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=\"103594\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/earnings-season-continues\/\">\r\n                            1Q earnings are in for Talabat, Adnoc L&amp;S, Dewa, Rak White Cement, Spinneys, Al Fujairah National Ins., and Arada Developments                        <\/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\/13\/earnings-season-continues\/\" 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\/13\/earnings-season-continues\/')\">\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\/13\/earnings-season-continues\/\">\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=Earnings season continues&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/earnings-season-continues\/\">\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\/13\/earnings-season-continues\/&title=Earnings season continues\">\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=Earnings+season+continues+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Fearnings-season-continues%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\/13\/earnings-season-continues\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103595\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/earnings-season-continues\/1246-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1246.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103594\" class=\"content-area-description single-story post-103594 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc-logistics-and-services tag-al-fujairah-national-insurance-company tag-arada-developments tag-earnings-watch tag-enterpriseam-uae tag-ras-al-khaimah-white-cement tag-spinneys tag-talabat 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\/.b45ac4cc-9e34-4af0-803a-d76fd2035a84.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">TALABAT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talabat saw its adjusted net income rise 24% y-o-y to USD 99 mn in 1Q 2025<\/strong>, while management revenues rose 34% y-o-y to USD 846 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/864.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Delivery Hero\u2019s Middle East unit adjusted its net income for \u201cmaterial non-recurring items to allow for a like-for-like comparison,\u201d including an FX loss on a loan to Talabat Egypt due to the EGP devaluation in March 2024. Unadjusted, Talabat\u2019s net income for the quarter came in at USD 103 mn, up 278% y-o-y. Gross merchandise value rose 33% y-o-y to USD 2.1 bn when adjusting for currency variations, Talabat said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/863.pdf\" style=\"\" rel=\"noopener\">earnings presentation (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Driving the growth:<\/strong><span style=\"background-color: transparent;\"> \u201cOur Groceries and Retail vertical contributed approximately one-third of GMV when including instashop for the full quarter,\u201d Talabat CEO Tomaso Rodriguez is quoted as saying. Talabat had <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/45a7ec35-4793-484c-bd9d-cba049aa6e80\" rel=\"noopener\">acquired<\/a><span style=\"background-color: transparent;\"> Instashop in March.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talabat\u2019s adjusted EBITDA came in at USD 140 mn<\/strong>, rising 34% y-o-y during the quarter and equivalent to 6.7% of gross merchandise value, up 0.2 percentage points y-o-y, according to the release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The company\u2019s AGM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/772b4755-4c79-45d9-a51f-3edcce125fc2\/investors-flee-wall-street-turmoil-for-gold,-ems,-and-niche-markets\" style=\"\" rel=\"noopener\">approved<\/a> distributing USD 110 mn in dividends for 4Q 2024, and Talabat \u201cremains on track to pay a minimum of USD 400 mn in dividends for the full year of 2025,\u201d according to the presentation.<\/p>\n<p class=\"tag-border-left\">ADNOC L&amp;S-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Nati<\/strong><strong>onal Oil Company Logistics and Services (Adnoc L&amp;S) saw its net income <\/strong><strong>fall 5% y-o-y to USD 185 mn in 1Q 2025<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/873.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The firm\u2019s topline recorded a 41% y-o-y increase to USD 1.2 bn, which the firm attributed to expanded initiatives, heightened demand, enhanced operational efficiencies, and the recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/152afefc-431d-4418-93bf-56c51747c1fa\/adnoc-l&amp;s-finalizes-acquisition-of%253cmark%253e-navig8%253c%2Fmark%253e-in-usd-1.04-bn-transaction\" style=\"\" rel=\"noopener\">Navig8<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/152afefc-431d-4418-93bf-56c51747c1fa\/adnoc-l&amp;s-finalizes-acquisition-of%253cmark%253e-navig8%253c%2Fmark%253e-in-usd-1.04-bn-transaction\" style=\"\" rel=\"noopener\">acquisition<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Future forecast:<\/strong> Adnoc L&amp;S expects to see a slight y-o-y increase in returns from its integrated logistics division this year. The firm forecasts its revenue for its shipping segment to remain in the low 80% range, and it projects its services cluster to be in the double-digit percentage range. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The first full financial year following the acquisition of Navig8 is expected to see a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/98312b7a-c7d6-4b7a-898b-0d21c5ef9a68\/a-flurry-of-fy-2024-earnings-reports-from-uae-logistics-players\" style=\"\" rel=\"noopener\">minimum 20% boost<\/a> to Adnoc L&amp;S\u2019 earnings per share in 2025, saving some USD 100 mn per year in technical management costs and costs associated with bunkering operations. The move adds some 32 tankers to the firm\u2019s fleet, expanding its service portfolio to include commercial pooling and bunkering.<\/p>\n<p class=\"tag-border-left\">DUBAI ELECTRICITY AND WATER AUTHORITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai El<\/strong><strong>ectricity and Water Authority (Dewa) recorded a 24% y-o-y drop in<\/strong><strong> net income to AED 495.6 mn for 1Q 2025, <\/strong>according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/891.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a> issued on Monday. The company also saw revenues grow 2.83% y-o-y to AED 6 bn, marking Dewa\u2019s highest ever 1Q revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers: <\/strong>Dewa generated 10.5 TWh of energy, including 1.86 TWh of clean energy, during the period, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/892.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The utility also produced 35.61 BIG of desalinated water \u2014 representing a 4.56% y-o-y increase \u2014 and commissioned two 132 kV substations and 441 11-6.6 kV substations. Dewa has now reached 3.46 GW of clean energy capacity overall. <\/p>\n<p class=\"tag-border-left\">AL FUJAIRAH NATIONAL INS.-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al <\/strong><strong>Fujairah National Ins.'s 1Q income more than triples:<\/strong> Al Fujairah National Ins. Company reported a 207.8% y-o-y jump in net income to AED 20.3 mn in 1Q 2025, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/925.pdf\" style=\"\" rel=\"noopener\">financials(pdf)<\/a>. The ins. firm\u2019s revenues rose 70.5 % y-o-y to AED 144.5 mn. <\/p>\n<p class=\"tag-border-left\">SPINNEYS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spinneys\u2019s net income grew 14% y-o-y to AED 85 mn in 1Q 2025<\/strong>, while revenues rose 11.3% y-o-y to AED 906 mn on the back of like-for-like sales growth, three new store openings, and an uptick in fresh, private label, and online sales, according to their <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/944.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spinneys opened 10 new stores across the UAE and Saudi Arabia over the past 12 months<\/strong> and expects 10-12 more openings this year. Management maintains a 2025 revenue growth target of 9-11%.<\/p>\n<p class=\"tag-border-left\">ARADA DEVELOPMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arada <\/strong><strong>Developments had a good 2024:<\/strong> Sharjah-based and Nasdaq-listed Arada Developments reported a 66.1% y-o-y rise in net income to AED 516.6 mn in 2024, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/880.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. After accounting for foreign currency translation differences for foreign operations, the real estate developer\u2019s bottom line rose 52.7% y-o-y to AED 474.8 mn. Revenues climbed 42.4% y-o-y to AED 3.9 bn for the year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics-and-services\/\">Adnoc Logistics and Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-fujairah-national-insurance-company\/\">Al Fujairah National Insurance Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/arada-developments\/\">Arada Developments<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah-white-cement\/\">Ras Al Khaimah White Cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/spinneys\/\">Spinneys<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/talabat\/\">Talabat<\/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=\"103596\" 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=\"103596\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/nymcard-joins-cbuaes-open-finance-framework\/\">\r\n                            NymCard joins CBUAE\u2019s Open Finance framework                        <\/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 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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=NymCard+joins+CBUAE%E2%80%99s+Open+Finance+framework+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F13%2Fnymcard-joins-cbuaes-open-finance-framework%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\/13\/nymcard-joins-cbuaes-open-finance-framework\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/766.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103597\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/nymcard-joins-cbuaes-open-finance-framework\/766-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/766.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"766.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/766.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/766.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103596\" class=\"content-area-description single-story post-103596 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-investment-office tag-al-maryah-community-bank tag-also-on-our-radar tag-aviation tag-central-bank-of-the-uae tag-crypto tag-dnata tag-e-commerce tag-enterpriseam-uae tag-finance tag-industry-and-advanced-technology-ministry tag-investment tag-majid-al-futtaim tag-real-estate tag-standard-chartered tag-uae-india-relations tag-web3 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\/.b78ce6a9-70e4-455a-b2c1-cdfc3415bbf6.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong><strong>-based embedded finance platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/nymcard.com\/blog\/\" style=\"\" rel=\"noopener\">NymCard<\/a><\/strong><strong> has secured a license to offer<\/strong><strong> Open <\/strong><strong>Finance services under the UAE\u2019s Open Finance regulations<\/strong>, making it one of the first platforms to do so, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/nymcard-launches-open-finance-services-under-cbuae-open-finance-regulation-yhd4pl1m\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The license allows NymCard to embed regulated payment functionality within a broader financial infrastructure via a single modular platform. NymCard will serve fintechs, SMEs, banks, and marketplaces that want to utilize regulated financial capabilities in their operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/449ae571-8469-4eb6-9887-4f6224cde056\/enterprise-explains:%253cmark%253e-open%253c%2Fmark%253e-finance-in-the-uae\" style=\"\" rel=\"noopener\">Central Bank\u2019s new Open Finance regulations<\/a>, introduced last year, allow licensed third-party providers (TPPs) to access financial data and services \u2014 with strict customer consent requirements and oversight from the Central Bank. Alternative payment method provider Pay10 secured authorization <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a97d2bd-f426-4e6e-a834-f5101dd446d5\/uae-central-bank%25e2%2580%2599s-open-finance-framework-debuts-with-first-fintech-authorization\" style=\"\" rel=\"noopener\">last month<\/a>.<\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adio<\/strong><strong>, Japan deepen ties with Mizuho, Itochu partnerships:<\/strong> The Abu Dhabi Investment Office (Adio) has signed two separate agreements with Japan\u2019s Mizuho Financial Group and Itochu Corporation to accelerate Japanese investment in Abu Dhabi, according to Abu Dhabi Media Office statements <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-investment-office-signs-strategic-partnership-with-mizuho-financial-group-to-fast-track-investment-into-emirates-economy\/\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/adio-and-itochu-corporation-partner-to-scale-investments-into-abu-dhabis-high-growth-economy\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mizuho will promote Abu Dhabi to its Japanese business and startup clients<\/strong> <strong>through tailored insights<\/strong>, investor seminars, and business missions, while facilitating cross-border capital flows in loans, fixed income, and equity investments. Adio will support Japanese firms looking to set up in the emirate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, <\/strong>Itochu will work with Adio to establish and scale its portfolio companies in Abu Dhabi in sectors including advanced manufacturing, agri-tech, clean energy, and logistics, as well as explore co-investment and joint venture windows with local partners. The Itochu agreement also includes knowledge exchange and talent development initiatives to strengthen Emirati capabilities and improve domestic value chains.<\/p>\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>There\u2019s <\/strong><strong>a new advisory firm in the capital: <\/strong>Former Standard Chartered Managing Director of Global Real Estate Advisory and Financing Kapil Jobanputra (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kapil-jobanputra-6346a9?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) has launched Elaeo Partners, a boutique advisory firm in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-12\/abu-dhabi-former-stanchart-dealmaker-sets-up-advisory-firm-elaeo?utm_source=website&amp;utm_medium=share&amp;utm_campaign=linkedin?sref=YX0aeoLL&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a statement. The firm aims to tap into rising institutional capital flows between Asia, Europe, and the Gulf, and has already secured mandates from both regional and international clients \u2014 though specific details have not been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The firm will focus on real estate assets, including commercial property, hospitality, and data centers, Jobanputra said. It is backed by SC Capital Partners\u2019 Suchad Chiaranussati (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/suchad-chiaranussati-61b84223b\/?originalSubdomain=sg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) in Singapore and Revcap\u2019s Andrew Pettit (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/andrew-pettit-5909a113\/?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) in London, who joined as strategic investors to boost global reach. Former Standard Chartered banker Jamie Odgers (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jamieodgers\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) has also come on board, with plans to expand the team and open affiliate offices in London and Singapore.<\/p>\n<p class=\"tag-border-left\">CRYPTO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Bybit<\/strong> <strong>+ <\/strong><strong>Ghaf Labs<\/strong><strong> partner on MENA Web3 adoption:<\/strong> Dubai-based crypto exchange firm <a target=\"_blank\" href=\"https:\/\/www.bybit.com\/en\/\" style=\"\" rel=\"noopener\">Bybit<\/a> and Web3 advisory firm <a target=\"_blank\" href=\"https:\/\/ghaflabs.ae\/\" style=\"\" rel=\"noopener\">Ghaf Labs<\/a> signed an MoU for a multi-year partnership to ramp up Web3 adoption in the MENA region, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/908.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The partnership includes no-equity grants, incubation for startups in AI, blockchain, and sustainability, and local developer bootcamps. The pair will also co-host events like the Crypto Polo Cup and Crypto Fight Night, as well as expand the use of the Bybit Card, which links digital assets with hospitality perks like hotel stays.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> Asian digital <\/strong><strong>asset firm <\/strong><strong>HashKey <\/strong><strong>Group has received a Virtual Asset Service<\/strong> <strong>Provider (Vasp) license<\/strong> from Dubai\u2019s Virtual Assets Regulatory Authority, paving the way for the launch of its regional arm, HashKey Global MENA, it said in a <a target=\"_blank\" href=\"https:\/\/group.hashkey.com\/en\/newsroom\/hashkey-group-announces-launch-of-hashkey-global-mena-with-vasp-license-in-uae\" style=\"\" rel=\"noopener\">statement<\/a>. The exchange is scheduled to go live on Monday, 19 May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offer: <\/strong>The platform will provide regulated fiat-to-crypto exchange and broker-dealer services for institutional and high-net-worth clients, supported by Standard Chartered for USD and AED transactions. It will also offer OTC trading for BTC, ETH, USDT, and USDC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Mbank<\/strong><strong>, <\/strong><strong>Changer.ae<\/strong><strong> launch AED crypto escrow account: <\/strong>Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/www.mbank.ae\/\" style=\"\" rel=\"noopener\">Al Maryah<\/a><a target=\"_blank\" href=\"https:\/\/www.mbank.ae\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.mbank.ae\/\" style=\"\" rel=\"noopener\">Community Bank<\/a> (Mbank) has rolled out an AED escrow service offering regulated conversion between AED and crypto assets, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mbank-provides-aed-escrow-account-services-to-changerae-clients-enabling-secure-and-regulated-dirham-to-crypto-conversions-j3zigtrj\" style=\"\" rel=\"noopener\">press release<\/a>. The Central Bank of the UAE (CBUAE) greenlit the service, with crypto transactions set to be executed by ADGM-regulated virtual asset service provider <a target=\"_blank\" href=\"http:\/\/changer.ae\" style=\"\" rel=\"noopener\">changer.ae<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works: <\/strong>The fully online platform allows individuals and businesses to exchange digital assets for AED or vice versa. Escrowed funds are safeguarded by Mbank, which also received CBUAE\u2019s approval to provide payment token services for merchants using its AEC Wallet.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meraas <\/strong><strong>launches 45-storey luxury tower Atelis at d3:<\/strong> Dubai Holding Real Estate subsidiary <a target=\"_blank\" href=\"https:\/\/meraas.com\/en\" style=\"\" rel=\"noopener\">Meraas<\/a> launched Atelis at d3, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/meraas-unveils-atelis-at-d3-a-masterpiece-at-waterfront-luxury-in-dubais-creative-heart-xrli5pmd\" style=\"\" rel=\"noopener\">press release<\/a>. The 45-storey luxury residential tower in the Dubai Design District (d3) features 280 residences, including duplex sky villas and penthouses. SOM, the firm behind Burj Khalifa, designed the development which carries an AED 825 mn investment ticket and is slated to be completed in 1H 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What's next?<\/strong> The project is part of a broader expansion into d3 that includes six Grade-A office buildings and 500k sq ft of new leasable space.<\/p>\n<p class=\"tag-border-left\">CYBERSECURITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Th<\/strong><strong>e <\/strong><strong>UAE Cybersecurity Council and e&amp; UAE have signed an MoU to establish the Al Ain<\/strong><strong> Innovation Center<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/uae-cybersecurity-council-and-e-and-uae-to-launch-al-ain-innovation-centre-for-emerging-tech-and-entrepreneurship-l19ugn6e\" style=\"\" rel=\"noopener\">press release<\/a>. The facility will be a platform for startup support, national capacity building, and applied research, and will host AI engineers and experts as well as cybersecurity professionals. It will target both public and private entities, providing support programs and developing solutions that can be deployed on a commercial level. <\/p>\n<p class=\"tag-border-left\">RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Majid Al Futtaim joins Make it in the Emirates: <\/strong>UAE conglomerate Majid Al Futtaim inked an MoU with the Industry and Advanced Technology Ministry to boost visibility for locally made products under the Make it in the Emirates initiative, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9\/126-wk14nrxs\" style=\"\" rel=\"noopener\">press release<\/a>. Carrefour stores operated by Al Futtaim will now dedicate shelf space to Emirati-made products in more than 126 outlets across the UAE. The move includes in-store and digital promotions, with price predictions on selected items during this month. <strong> <\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Seven Dubai government entities agreed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/73af7eeb-e6aa-4f65-941b-8ba8a5739b6c\/this-morning:-eu-regulators-to-decide-on-adnoc%25e2%2580%2599s-covestro-bid-today\" style=\"\" rel=\"noopener\">earlier this week<\/a> to integrate in-country value (ICV) program criteria into their procurement strategies to boost spending on locally manufactured products.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-office\/\">Abu Dhabi Investment Office<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-maryah-community-bank\/\">Al Maryah Community 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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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                 Temporary respite as US-China trade war eases with 90-day truce                        <\/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\/13\/temporary-respite-as-us-china-trade-war-eases-with-90-day-truce\/\" 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\" 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alt=\"\" data-attachment-id=\"103599\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/13\/temporary-respite-as-us-china-trade-war-eases-with-90-day-truce\/968-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/968.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"968.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/968.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/968.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103598\" class=\"content-area-description single-story post-103598 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.88fcc4d0-38d7-43ad-bc1f-4f68ff5533df.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US and China have agreed to a 90-day pause to their trade war after two days of talks <\/strong><strong>in Geneva, <\/strong>with the US slashing tariffs it imposed earlier this year on Chinese goods from 145% to 30% \u2014 encompassing the 10% baseline US tariff and an additional 20% linked to fentanyl trafficking \u2014 while China lowered its tariffs on US imports from 125% to 10%, according to a joint <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefings-statements\/2025\/05\/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva\/\" style=\"\" rel=\"noopener\">statement<\/a> out yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The agreement marks the first meaningful de-escalation since the latest round of <\/strong><strong style=\"background-color: transparent;\">tit-for-tat tariffs began in April<\/strong><span style=\"background-color: transparent;\">, when Washington ramped up levies on Chinese goods as part of its \u201creciprocal tariffs\u201d campaign, prompting an equally aggressive response from Beijing. US Treasury Secretary Scott Bessent said the recent levels had amounted to a de facto blockade of trade between the world\u2019s two largest economies \u2014 one that neither side wanted to see hardened into a permanent rupture.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s public messaging struck a similarly cautious tone. <\/strong>A white paper published yesterday by state media underscored Beijing\u2019s commitment to mutual respect in trade relations, while vowing to expand its toolkit to counter foreign sanctions and \u201clong-arm jurisdiction.\u201d At the same time, Chinese officials sought to frame the agreement as a win, with ING\u2019s chief China economist Lynn Song noting the lack of direct concessions required of Beijing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bessent emphasized that Washington\u2019s approach isn\u2019t about wholesale disengagement. <\/strong>\u201cThe US is going to do a strategic decoupling in terms of the items that we discovered during Covid were of national security interests \u2014 whether it\u2019s semiconductors, medicine, steel,\u201d Treasury Secretary Scott Bessent told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-12\/us-and-china-agree-to-major-reductions-in-tariffs-for-90-days\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, underscoring the administration\u2019s intent to maintain pressure on critical supply chains while easing tensions more broadly. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement is more of a ceasefire than a lasting settlement:<\/strong> More Talks are expected to continue in the coming weeks, with both parties leaving the door open to extending the three-month truce if progress is made. Bessent hinted that if China were to engage more directly on curbing the fentanyl trade, further relief could be possible. Still, he described it as \u201cimplausible\u201d that US tariffs on China would fall below the 10% mark. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump said upcoming talks will focus on \u201copening up\u201d China to American business<\/strong>, noting that many of the tariffs he imposed will remain in place for now. He added that he expects to speak with President Xi Jinping later this week, but cautioned that putting a comprehensive deal on paper would take time. <\/p>\n<p class=\"tag-border-left\">HOW MARKETS TOOK ALL OF THIS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>American markets rallied on the news<\/strong>, with the S&amp;P 500 jumped 3.3% by the end of trading yesterday, while the Nasdaq finished the day up 4.4% following the news. The USD gained 1.4%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rally came at the expense of traditional safe havens<\/strong>, with gold tumbling more 3.5% to USD 3,228 an ounce, pulling back from last month\u2019s record highs, along with some safe-haven currencies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The VIX index \u2014 Wall Street\u2019s so-called \u201cfear gauge\u201d \u2014 dropped below the cutoff 20 <\/strong><strong>mark yesterday for the first time since 28 <\/strong><strong>March, <\/strong>suggesting a potential shift toward calmer market sentiment. The VIX rose to a 5-year high of 45.3 on 4 April fueled by Donald Trump\u2019s tariff announcements. The last spike before that was in March 2020 when it reached 85.5 in reaction to Covid.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly in the green this morning. <\/strong>Japan\u2019s Nikkei is up 1.7%, the Shanghai Composite is looking at gains of 0.2%, and Korea\u2019s Kospi is up 0.4%. Meanwhile, the Hang Seng is down 1.3% in early trading. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,639<\/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: +2.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,334<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +3.4%)<\/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\">4,428<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +6.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,489<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3% (YTD: -4.7%)<\/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>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,577<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,844<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.3% (YTD: -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>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\">8,605<\/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: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,392<\/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\">+1.6% (YTD: +10.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 64.98<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (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 3.65<\/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\">-3.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3,228<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 102,595<\/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: +9.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/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 3.61<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +1.2%)<\/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>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\">143.4<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +2.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">18.39<\/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\">-16.0% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 1.0% yesterday<\/strong> on turnover of AED 1.3 bn. The index is up 2.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Aram Group (+14.1%), Al Khaleej Investment (+3.5%) and Agthia Group (+2.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>United Arab Bank (-10.0%), Emirates Ins. Co. (-8.8%) and Gulf Medical Projects (-2.6%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, rose 0.4% on turnover of AED 587.2 mn. Meanwhile, Nasdaq Dubai was up 0.1%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103600\" 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\/13\/103600-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103600\" class=\"content-area-description single-story post-103600 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>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>13-15 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldpolicesummit.com\/\" style=\"\">World Police Summit<\/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>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>13-15 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.integrateme.com\/\" style=\"\">Integrate 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 style=\"font-weight:400;\">13-20 May (Tuesday-Tuesday): Dubai Holding REIT subscription period.<\/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:\/\/satexpome.com\/\" style=\"\">SATExpo 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>14-15 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/hodlsummit.com\/\" style=\"\">HODL Summit<\/a><\/span><span>, Madinat Jumeirah, Dubai.<\/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 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/ar\/article\/bjjdmx9-%D8%AF%D8%A8%D9%8A-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D9%87%D9%86%D8%AF-%D8%B4%D8%B1%D9%83%D8%A7%D8%A1-%D8%A7%D9%84%D8%AA%D9%82%D8%AF%D9%85\" style=\"\">The India-UAE Partners in Progress Conclave 2025<\/a><\/span><span style=\"font-weight:400;\">, Taj Exotica, Palm Jumeirah, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-18 May (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conference.glafamily.com\/\" style=\"\">The GLA Global Logistics Conference<\/a><\/span><span style=\"font-weight:400;\">, Grand Hyatt Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 May<\/span><span> (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-europe-3rd-edition\/\" style=\"\">Investopia<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-europe-3rd-edition\/\" style=\"\">Europe<\/a><\/span><span>, Palazzo Mezzanotte, <\/span><span>Milan<\/span><span style=\"font-weight:400;\">, Italy.<\/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 style=\"font-weight:400;\">21 May (Wednesday): Dubai Holding REIT final offer price and allocation of units announcement. <\/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 style=\"font-weight:400;\">28 May (Wednesday): The Dubai Residential REIT will ring the bell. <\/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>Trump lands in Riyadh today | Abu Dhabi gears up for local debt issuance | Ethmar buys into Arqaam Capital<\/p>\n","protected":false},"featured_media":103571,"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-103570","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1adb86e7-0083-4775-b851-08b65a9e25f9","teaser":"Trump lands in Riyadh today | Abu Dhabi gears up for local debt issuance | Ethmar buys into Arqaam Capital","photo_url":"https:\/\/ent.news\/2024\/9\/179.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) 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