{"id":103809,"date":"2025-05-20T00:00:00","date_gmt":"2025-05-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=103809"},"modified":"2025-12-15T03:48:44","modified_gmt":"2025-12-15T03:48:44","slug":"dubai-holding-upsizes-reit-ipo-plus-slew-of-manufacturing-and-localization-agreements-from-make-it-in-the-emirates","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/dubai-holding-upsizes-reit-ipo-plus-slew-of-manufacturing-and-localization-agreements-from-make-it-in-the-emirates\/","title":{"rendered":"Dubai Holding upsizes REIT IPO. PLUS: Slew of manufacturing and localization agreements from Make It in the Emirates"},"content":{"rendered":"<section id=\"103811\" 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=\"103811\">\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\/20\/this-morning-emirates-nbd-to-set-up-unit-in-india-ex-magellan-trader-files-complaints-over-alleged-regulatory-breaches\/\">\r\n                            THIS MORNING: Emirates NBD to set up unit in India + Ex-Magellan trader files 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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>It\u2019s only the second day of the week and we already have an avalanche of news coming out of Make It in the Emirates, which kicked off yesterday in Abu Dhabi, and elsewhere. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Besides the slew of manufacturing agreements and programs launched on the first day of the forum<\/strong>, we also have news of Dubai Holding upsizing its residential REIT IPO on strong demand, MGX backing what is set to be Europe\u2019s biggest AI hub in France, and Taqa inking agreements for projects worth some AED 52 bn in Morocco. Let\u2019s dive in. <\/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 38\u00b0C today <\/strong>before cooling to 29\u00b0C overnight, though it will likely feel much warmer around 70% humidity, according to our favorite weather app. In <strong>Abu Dhabi<\/strong>, temperatures will peak at 35\u00b0C, with an overnight low of 28\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- The breakeven oil price for the UAE is USD 53, meaning that the UAE is in a \u201cvery <\/strong><strong>comfortable position\u201d <\/strong>amid oil market volatility caused by the introduction of US tariffs, Fitch Ratings\u2019 Paul Gamble said during a keynote speech at Arqaam Capital MENA Investor Conference. \u201cThere\u2019s no need for the government to adjust spending, and we think there are some real growth dynamics here, and strong growth momentum will still continue to form across the country,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate could see a \u201cmodest correction\u201d in prices owing to the amount of supply coming to the market<\/strong>, but the government is expected to be able to manage the supply effectively, Gamble said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- There is a wide consensus that real estate prices will cool down at some point in the next year or two: <\/strong>Knight Frank forecasts an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/effa129f-34c4-4be5-9b7a-39350354b277\/dubai-home-prices-to-rise-8%2525-next-year--%253cmark%253eknight-frank%253c%2Fmark%253e.\" style=\"\" rel=\"noopener\">8%<\/a> price increase in properties in 2025, down from double-digit growth in 2024, while Moody\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fda5172-163e-4828-a9f2-4089911ecf8f\/this-morning:-alpha-data-likely-to-price-ipo-at-top-of-range-%2B-is-sidara%25e2%2580%2599s-acquisition-of-wood-group-back-on-the-table%3F\" style=\"\" rel=\"noopener\">sees<\/a> a dip or stabilization over the next 12-18 months. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4aa2499-f4e4-475c-8998-b0ac70cc6faa\/s&amp;p-global-pushes-back-its-expectation-of-a-cooldown-in-the-property-market-on-persistent-demand\" style=\"\" rel=\"noopener\">S&amp;P Global<\/a> also warns that construction bottlenecks could delay completions and prolong tight conditions. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9a97e80-a536-4e08-8b2f-2397ba07ae44\/dubai-property-prices-surge-27.5%2525-as-supply-falls-short\" style=\"\" rel=\"noopener\">Just 58%<\/a> of projected units were delivered last year \u2014 the lowest rate in six years \u2014 and historical trends suggest a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ed6576fa-99a9-400c-92a0-2f1309bdf243\/dubai-home-prices-jumped-19.1%2525-in-2024-as-listings-fell-30%2525\" style=\"\" rel=\"noopener\">30% lag<\/a> between scheduled and actual handovers.<\/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- Emirates NBD gets preliminary approval for India expansion:<\/strong> India\u2019s central bank granted Emirates NBD \u201cin-principle\u201d to convert its three Indian branches \u2014 in Chennai, Gurugram, and Mumbai \u2014 into a wholly owned subsidiary, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1570.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. A full license will be issued once Emirates NBD meets the regulator\u2019s conditions.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>Ex<\/strong><strong>-Magellan trader files complaints over alleged regulatory breaches: <\/strong>Former Magellan Capital portfolio manager Britney Lam (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/britney-lam-cfa-19a8681\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) has filed complaints with the Dubai Financial Services Authority and the UK\u2019s Financial Conduct Authority (FCA) against the firm\u2019s Senior Executive Officer Ahmed Omar (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ahmedomar\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), alleging he concealed losses and blocked staff from escalating risk concerns to an external compliance officer, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-19\/dubai-hedge-fund-magellan-s-boss-faces-complaints-from-ex-trader\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing copies of the complaints it reviewed. Lam says she initially raised the issues in a whistle-blower letter to the board.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The development follows Lam\u2019s early exit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ad7361e-339d-4a5d-acfb-a2aff644d0ed\/adnoc-gas-taps-new-ceo-%2B%253cmark%253e-magellan%253c%2Fmark%253e-capital-loses-portfolio-manager--report\" style=\"\" rel=\"noopener\">last October<\/a><\/strong>, after having joined the Dubai-based hedge fund just five months earlier in May. Her departure came ahead of the fund\u2019s planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7c68199e-1476-4418-b998-894267a2ce1b\/%253cmark%253emagellan%253c%2Fmark%253e%253cmark%253e-capital%253c%2Fmark%253e-to-launch-usd-700-mn-hedge-fund\" style=\"\" rel=\"noopener\">USD 700 mn<\/a> launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Magellan\u2019s response:<\/strong> The firm says it has not been contacted by regulators and does not currently hold or manage client assets. It also denied being regulated by the UK\u2019s FCA.<\/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>#4- NMC administrators sue EY: <\/strong>UAE-based NMC Health\u2019s administrators Alvarez and Marsal are suing consultancy firm EY for failing to detect fraudulent activity during audits between 2012 and 2018, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/ey-negligently-missed-huge-fraud-collapsed-hospital-operator-3-bln-uk-trial-2025-05-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Bns in unreported borrowing was detected, the administrators say, though EY denies the allegations and points the finger at internal NMC failings and account manipulation instead.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The case: <\/strong>Alvarez and Marsal are seeking GBP 2.7 bn in damages from the auditor from the 12-week trial, which began yesterday in London.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>NMC has been looking to sell the business, after it orchestrated a strategic turnaround this year, reaching an out-of-court settlement on all of its disputes with Dubai Islamic Bank in March. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5f8d2c50-875c-49b6-b0ca-45aeb30d31a7\/%253cmark%253enmc%253c%2Fmark%253e%253cmark%253e-healthcare%253c%2Fmark%253e-is-eyeing-an-ipo-%2B-more-hedge-funds-plan-expansions-to-abu-dhabi\" style=\"\" rel=\"noopener\">tapped Rothschild &amp; Co<\/a> to advise on its strategic restructuring plans, including a potential sale of the business. The company was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f773400-17da-4579-996e-5609a1944099\/%253cmark%253enmc%253c%2Fmark%253e,-dubai-islamic-bank-bury-the-hatchet\" style=\"\" rel=\"noopener\">forced into administration<\/a> by a London Court in 2020 after a Muddy Waters report claimed that it inflated its assets and owed over USD 4 bn in hidden debt. PureHealth was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82201429-ff77-474e-b020-2a22bb868688\/this-morning:-purehealth-scraps%253cmark%253e-nmc-healthcare%253c%2Fmark%253e-acquisition%3F-%2B-eshraq-to-invest-in-shuaa%25e2%2580%2599s-bond-offering\" style=\"\" rel=\"noopener\">reportedly exploring<\/a> an acquisition of the healthcare network operator, but has since scrapped those plans. <\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Adnoc <\/strong><strong>awards AED 65.7 bn to homegrown suppliers in 1H 2025:<\/strong> Adnoc allocated AED 65.7 bn in contracts to nearly 400 local suppliers, contractors, and service providers during the first half of 2025 through its In-Country Value (ICV) program, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjqj1pc-400-uae-companies-benefit-from-aed657-billion\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Contracts span drilling, logistics, operational support, and engineering sectors, with beneficiaries including <a target=\"_blank\" href=\"https:\/\/www.nmdc-energy.com\/en\/\" style=\"\" rel=\"noopener\">NMDC Energy<\/a>, <a target=\"_blank\" href=\"https:\/\/www.target.ae\/\" style=\"\" rel=\"noopener\">Target Engineering<\/a>, and <a target=\"_blank\" href=\"https:\/\/gisco.ae\/\" style=\"\" rel=\"noopener\">GISCO<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc plans to channel AED 200 bn into the UAE economy through its ICV program by 2030<\/strong>, and the company also raised its local manufacturing target to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d786a7f0-2b82-4b0d-a6e8-3c31405c1f09\/make-it-in-the-emirates-kicks-off-with-a-bang\" style=\"\" rel=\"noopener\">AED 90<\/a> bn by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Abu <\/strong><strong>Dhabi\u2019s industrial sector recorded a 4.7% y-o-y uptick in new industrial licenses<\/strong><strong> during 1Q 2025<\/strong>, reaching 89 licenses, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjr4gwr-abu-dhabi-industrial-strategy-drives-23-sector\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The number of licenses transitioning from the under-construction to the production stage grew 65% to 33, up from 20 in the same period last year.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>You can now subscribe to monthly parking packages in Dubai:<\/strong> Dubai\u2019s public parking operator Parkin has launched monthly parking subscriptions across all areas under its management to eliminate daily payments, parking duration limits, and overstaying fines, according to a social media <a target=\"_blank\" href=\"https:\/\/x.com\/ParkinUAE\/status\/1924391810073342410\" style=\"\" rel=\"noopener\">post on X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The prices are:<\/strong><\/p>\n<ul>\n<li><strong>Silicon Oasis<\/strong> <strong>(Zone H): <\/strong>from <strong>AED 1.4k<\/strong> for three months;<\/li>\n<li><strong>Silicon Oasis (Limited Area):<\/strong> from AED 1k for three months;<\/li>\n<li><strong>Dubai Hills<\/strong>, from <strong>AED 500<\/strong> per month;<\/li>\n<li><strong>Wasl Communities<\/strong> (Zones W and WP),<strong> from AED 300<\/strong> per month;<\/li>\n<li><strong>Roadside and plot parking<\/strong> (Zones A, B, C, D), from <strong>AED 500<\/strong> per month;<\/li>\n<\/ul>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arqaamconference.com\/\" style=\"\" rel=\"noopener\">Arqaam Capital Annual MENA Investor Conference<\/a><\/strong><strong> is on its second and final day<\/strong> at the Four Seasons Hotel Abu Dhabi, bringing together over 500 senior executives, global investors, and policymakers. The two-day event will feature discussions on macroeconomic shifts, AI-driven industrial expansion, and the future of capital markets in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll be on the ground to bring you coverage of panel discussions and keynotes, and would love to meet up if you\u2019ll be there. <\/strong>Hit reply to this email to let us know. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.miite.ae\/\" style=\"\" rel=\"noopener\">Make it in the Emirates Forum<\/a><\/strong><strong> is also on its second day <\/strong>at the Adnec Center in Abu Dhabi. The three-day forum, which is organized by the Industry and Advanced Technology Ministry, brings together local and international decision-makers, government officials, private companies, investors, and financing institutions to support industrial growth and investment.<\/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:\/\/dubaibusinessforum.com\/\" style=\"\" rel=\"noopener\">The Dubai Business Forum Germany<\/a><\/strong><strong> is taking place today <\/strong>at the Hamburg Chamber of Commerce in Germany. The event aims to foster cooperation between German and Dubai firms, and will showcase investment prospects in Dubai across sectors including technology, finance, logistics, manufacturing, and sustainability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cityscape-events.com\/ireis\/en\/home.html\" style=\"\" rel=\"noopener\">International Real Estate Investment Summit (IREIS 2025)<\/a><\/strong> <strong> takes place today<\/strong> <strong>and tomorrow<\/strong> at Al Hamra International Exhibition and Conference Center in Ras Al Khaimah. The conference will feature keynote addresses, panel discussions, and networking sessions on market trends, capital flows, and the impact of major real estate projects in the emirate and the wider region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east\/index.stm\" style=\"\" rel=\"noopener\">Seamless Middle East<\/a><\/strong><strong> also kicks off today and run through until Thursday, 22 May<\/strong> at the Dubai World Trade Center. The event, targeting payment providers, merchants, and SMEs and focusing on the future of digital commerce, payments, and e-commerce, will feature discussions on fintech, digital transactions, and the evolution of the digital economy.<\/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><a target=\"_blank\" href=\"https:\/\/cryptoexpodubai.com\/dubai\" style=\"\" rel=\"noopener\">Crypto Expo Dubai<\/a><\/strong><strong> will be held on Wednesday, 21 May and Thursday, 22 May<\/strong> at the Dubai World Trade Center. The event will discuss topics including cryptocurrency regulations, blockchain advancements, digital assets, decentralized finance, and investment strategies.<\/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>Two stories are competing for top billing in the international business press this <\/strong><strong>morning:<\/strong> US President Donald Trump\u2019s announcement that Russia and Ukraine will begin \u201cimmediate\u201d ceasefire talks, and Israel saying that it plans to take over the entirety of the Gaza Strip. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russia and Ukraine will reportedly begin negotiations for a ceasefire and an end to the <\/strong><strong>war between the two countries \u201cimmediately,\u201d<\/strong> Trump said in a <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114535693441367601\" style=\"\" rel=\"noopener\">post on Truth Social<\/a> following what he says was a two-hour-long phone call with Russian President Vladimir Putin. It remains unclear who \u2014 if anyone \u2014 will mediate the talks, with Trump adding that \u201cthe conditions for [the ceasefire] will be negotiated between the two parties, as it can only be, because they know details of a negotiation that nobody else would be aware of.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No new US sanctions on Russia (for now):<\/strong> The EU is <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/europeans-pressure-russia-with-sanctions-germany-says-2025-05-19\/\" style=\"\" rel=\"noopener\">set to enact fresh sanctions<\/a> on Moscow to ramp up the pressure to end the war, but Trump is holding back from following suit, saying that increasing sanctions-related pressure on Russia could have an adverse outcome on the negotiations, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/china\/trump-speak-putin-end-war-ukraine-europeans-demand-ceasefire-2025-05-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The story is also getting ink from the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/trump-holds-call-with-russias-putin-on-ending-the-war-in-ukraine-d0d934af?mod=hp_lead_pos3\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-19\/trump-call-with-putin-underway-as-us-seeks-ceasefire-in-ukraine?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/59f2af2f-0e19-40b3-b9a8-5511a3f81e03\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In our neck of the woods:<\/strong> Israel is planning to take control of all of Gaza, Israeli Prime Minister Benjamin Netanyahu said yesterday as he announced an upcoming \u201cunprecedented attack\u201d on what he says are Hamas targets. The IDF ordered Palestinians in Khan Younis and two other areas to evacuate the area yesterday, with Netanyahu saying Israel is looking for a \u201ccomplete victory.\u201d Meanwhile, his Finance Minister Bezalel Smotrich said yesterday that the military\u2019s new \u201coperational method is completely different: not raids, but rather occupation, cleansing and holding the territory until Hamas is destroyed.\u201d The IDF will \u201c[destroy] everything that is left\u201d of Gaza, Smotrich said. The story is getting ink from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-19\/netanyahu-says-israel-to-take-over-all-gaza-restart-aid-flows\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-kills-20-palestinians-airstrikes-after-agreeing-let-some-aid-into-gaza-2025-05-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8f1f3372-ecfc-46ed-9003-14b240613388\" style=\"\" rel=\"noopener\">the Financial Times<\/a>. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<span style=\"background-color: transparent;\">&nbsp;<\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.samenacouncil.org\/ls2025\/\" style=\"\" rel=\"noopener\">SAMENA<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.samenacouncil.org\/ls2025\/\" style=\"\" rel=\"noopener\">Council Leaders' Summit<\/a><\/strong><strong> will take place on Monday, 26 May<\/strong> at Madinat Jumeirah in Dubai. The event will gather telecom and ICT decision-makers from across South Asia, the Middle East, North Africa, Central Asia, Europe, North America, and ASEAN markets. The summit will also host global industry bodies including the <a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=ITU&amp;rlz=1C1GCEU_enEG1162&amp;oq=ITU+&amp;gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQABiABDIHCAIQABiABDIHCAMQABiABDIHCAQQABiABDIHCAUQABiABDIHCAYQABiABDIHCAcQABiABDIHCAgQLhiABDIHCAkQABiABNIBCDEwOTBqMGo0qAIAsAIB&amp;sourceid=chrome&amp;ie=UTF-8\" style=\"\" rel=\"noopener\">ITU<\/a>, the <a target=\"_blank\" href=\"https:\/\/dco.org\/\" style=\"\" rel=\"noopener\">Digital Cooperation Organization<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.gsma.com\/\" style=\"\" rel=\"noopener\">GSM Association<\/a>. This year\u2019s edition runs under the theme Intelligent and Sustainable Transformation of Digital Economies, with discussions centered on 5G and AI integration, infrastructure expansion in underserved areas, and regional policy coordination to accelerate digital growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n     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              <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103814\" 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=\"103814\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/dubai-holding-upsizes-residential-reit-ipo-on-strong-demand\/\">\r\n                            Dubai Holding upsizes residential REIT IPO on strong demand                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div 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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1908.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1908.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103814\" class=\"content-area-description single-story post-103814 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-dubai-holding tag-enterpriseam-uae tag-ipo tag-ipo-watch tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.45becde7-9856-49ed-817e-9cee9e970f9b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Du<\/strong><strong>bai Holding increased the size of the IPO of its Dubai Residential REIT<\/strong>, after books were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/203ecbbb-299c-402d-8d13-60bfa3d6feb1\/%253cmark%253edubai%253c%2Fmark%253e-holding%25e2%2580%2599s-aed-1.8-bn%253cmark%253e-reit%253c%2Fmark%253e-ipo-sells-out-within-minutes\" style=\"\" rel=\"noopener\">fully covered within minutes<\/a> of opening last week, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1530.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The developer is now offering a 15% stake in its REIT, up from an initial 12.5% stake, with 325 mn new units added to the IPO. This could hand it proceeds of up to AED 2.2 bn, up from AED 1.8 bn earlier, making it the largest IPO in the UAE so far this year (and the first on the DFM). It would also give it an implied market cap of up to AED 14.3 bn. <\/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 decision to boost the size of the IPO was <\/strong><strong style=\"background-color: transparent;\">\u201cdriven by the strong demand from domestic and international investors and oversubscription across all tranches<\/strong><span style=\"background-color: transparent;\">,\u201d the statement said. The new units will be limited to institutional accounts.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>This is a closed-ended real estate investment fund, which means no additional units can be offered to investors post the initial offering. DHAM Investments, a subsidiary of Dubai Holding, will retain an 85% majority stake in the REIT following its listing 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>Refresher: <\/strong>The offering\u2019s price range remains unchanged at AED 1.07-1.10 per unit. The real estate investment fund\u2019s market cap will remain capped at AED 14.3 bn at listing, given that no new units were issued. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Both retail and institutional investors (including foreign and domestic) have until later today to get their orders in, with pricing set to be finalized tomorrow through a bookbuild. Units of the REIT are due to ring the opening bell on the DFM on Wednesday, 28 May. The selling shareholder will be under a 180-day lock-up period from the first day of trading, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Emirates NBD Capital, Morgan Stanley and Citigroup are quarterbacking the transaction as joint global coordinators, with Abu Dhabi Commercial Bank, Arqaam Capital and First Abu Dhabi Bank acting as joint bookrunners on the transaction. Deloitte &amp; Touche is auditor, while Ibrahim &amp; Partners is legal counsel. Receiving agents include Emirates NBD Bank, Mashreq Bank, First Abu Dhabi Bank, and Emirates Islamic Bank, among others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN THE UAE PIPELINE:<\/strong><\/p>\n<ul>\n<li>Dubai Holding is said to be mulling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">a second IPO<\/a> for a portfolio of commercial real estate assets, including malls, hotels, and theme parks.<\/li>\n<li>ADQ-backed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f2f7e8b6-e565-454f-8666-c712bcb4a127\/this-morning:%253cmark%253e-etihad-airways%253c%2Fmark%253e-ready-for-an-ipo-but-does-not-need-the-cash,-ceo-says-%2B-adia-eyes-sale-of-50%2525-stake-in-ifco\" style=\"\" rel=\"noopener\">Etihad Airways<\/a> is also planning to hit the ADX;<\/li>\n<li>Family-owned property developer Arabian Construction Company (ACC) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2891ea32-f405-482f-853e-21ad2ee3d140\/arabian-construction-company-taps-hsbc,-fab-for-its-upcoming%253cmark%253e-ipo%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">reportedly enlisted<\/a> HSBC and First Abu Dhabi Bank to advise on its upcoming IPO due in 2H;<\/li>\n<li>Dubizzle and Property Finder are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c8aa0268-2c28-4080-9810-353b4fc0ef1a\/dubizzle,-property-finder-are-gauging-investor-interest-ahead-of-potential-ipos\" style=\"\" rel=\"noopener\">gauging investor appetite<\/a> ahead of potential listings;<\/li>\n<li>Abu Dhabi conglomerate International Holding Company\u2019s investment arm 2PointZero is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">gearing up<\/a> for an IPO on the ADX;<\/li>\n<li>Abu Dhabi Investment Group (ADIG) is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">eyeing listings<\/a> for its financial unit and energy subsidiary this year;<\/li>\n<li>Hospitality group Five Holdings also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">tapped<\/a> advisors for a potential listing;<\/li>\n<li>Amanat Holdings is planning to list its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e11209cb-2436-465a-8a18-8f9e15410aac\/%253cmark%253eamanat%253c%2Fmark%253e-holdings-to-discuss-potential-ipo-of-education-unit-today\" style=\"\" rel=\"noopener\">education<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare<\/a> units;<\/li>\n<li>PIF-backed California firm CloudKitchens is reportedly eyeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49566b5f-4bd3-4d45-a0a7-fa957002224e\/this-morning:-fuel-prices-are-up-slightly-in-may-%2B-two-new-potential-ipos-in-the-cards\" style=\"\" rel=\"noopener\">an IPO<\/a> in Saudi and\/or the UAE for its Middle East unit, while Dubai-based grocery ecommerce platform Kibsons International plans to IPO in the next few years;<\/li>\n<li>Shisha producer Advanced Inhalation Ritual is also rumored to potentially IPO.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-holding\/\">Dubai Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"103816\" 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=\"103816\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/mgx-nvidia-france-to-build-europes-biggest-ai-hub\/\">\r\n                            MGX, Nvidia, France to build Europe\u2019s biggest AI hub                        <\/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\/20\/mgx-nvidia-france-to-build-europes-biggest-ai-hub\/\" 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\/20\/mgx-nvidia-france-to-build-europes-biggest-ai-hub\/')\">\n                    Copy Link        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            <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/mgx-nvidia-france-to-build-europes-biggest-ai-hub\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1587.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103817\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/mgx-nvidia-france-to-build-europes-biggest-ai-hub\/1587-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1587.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1587.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1587.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1587.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103816\" class=\"content-area-description single-story post-103816 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-artificial-intelligence tag-data-center tag-enterpriseam-uae tag-infrastructure tag-investment tag-mgx tag-tech tag-uae-france-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.2c55d649-b4c9-43fc-89df-ed723bbf99d3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Abu Dhabi\u2019s MGX and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nvidia.com\/en-us\/\" style=\"\" rel=\"noopener\">Nvidia<\/a><\/strong><strong> have partnered with French AI leaders<\/strong><strong> to build <\/strong><strong>Europe\u2019s largest AI data center campus near Paris<\/strong>, with a planned capacity of 1.4 GW, MGX said in a <a target=\"_blank\" href=\"https:\/\/www.mgx.ae\/en\/news\/mgx-bpifrance-mistral-ai-and-nvidia-launch-joint-venture-build-europes-largest-ai-campus\" style=\"\" rel=\"noopener\">statement<\/a>. The project will include French state-owned investment firm Bpifrance, Paris-based AI firm <a target=\"_blank\" href=\"https:\/\/mistral.ai\/\" style=\"\" rel=\"noopener\">Mistral AI<\/a>, and other key players such as <a target=\"_blank\" href=\"https:\/\/www.edf.fr\/en\/the-edf-group\" style=\"\" rel=\"noopener\">EDF Group<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bouygues.com\/\" style=\"\" rel=\"noopener\">Bouygues SA<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.polytechnique.edu\/\" style=\"\" rel=\"noopener\">Ecole Polytechnique<\/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;\">More detail:<\/strong><span style=\"background-color: transparent;\"> The 1.4 GW AI Campus will support the entire AI lifecycle \u2014 from training to deployment \u2014 with exascale compute, sovereign cloud, and low-carbon data centers, according to an <\/span><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/technology\/mgx-partners-with-bpifrance-mistral-ai-and-nvidia-to-build-europes-largest-ai-campus-in-france\/\" rel=\"noopener\">Abu Dhabi Media Office<\/a><span style=\"background-color: transparent;\"> statement. Construction will begin in 2H 2026, with operations for the first phase targeted for 2028. The key partners will collaborate with the Mohamed Bin Zayed University of AI on research and talent development.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big picture:<\/strong> The project, which will require some EUR 8.5 bn in investments, according to a statement from French President Emmanual Macron cited by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-19\/nvidia-uae-s-mgx-pledge-to-build-europe-s-largest-data-center?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, comes as part of the agreement inked between the UAE and France in February, when the Emirates signaled plans to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/964d2ba1-4872-423a-a2af-0a770161b4e3\/this-morning:-mgx-to-invest-in-french-ai-%2B-anthropic%3F\" style=\"\" rel=\"noopener\">invest USD 30-50 bn<\/a> in French AI and data infrastructure. The move supports France\u2019s ambition to achieve \u201cAI sovereignty\u201d and further strengthens cross-border AI cooperation between Abu Dhabi and global tech hubs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Casting the net wide:<\/strong> MGX has also backed OpenAI and xAI, and is helping <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/83962672-34d6-4fa0-9c03-2159613a897a\/inside-trump%25e2%2580%2599s-usd-500-bn-ai-project%253cmark%253e-stargate%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">fund the USD 100 bn \u201cStargate\u201d<\/a> AI initiative in the US. It is also considering a role in a 5 GW data center complex in Abu Dhabi announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d9ad766-614b-4147-a0a1-401a806c3fd8\/more-details-on-the-us-uae-mega-ai-campus\" style=\"\" rel=\"noopener\">earlier this week<\/a>. <\/p>\n<p class=\"tag-border-left\">IN OTHER TECH NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sophos <\/strong><strong>to open UAE data center on AWS:<\/strong> British cybersecurity firm Sophos will roll out a UAE-based data center by late 2025, which will be hosted on Amazon Web Services (AWS), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1551.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The data center will provide local data hosting to facilitate compliance with national and sector-specific regulations, supporting the government, healthcare, and finance sectors. The center will reduce latency and increase cloud service speed, including for the Sophos Central platform. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Sophos: <\/strong><a target=\"_blank\" href=\"https:\/\/www.sophos.com\/en-us\" style=\"\" rel=\"noopener\">Sophos<\/a> provides cybersecurity solutions that include 24\/7 threat monitoring, prevention, detection, and response. The portfolio includes endpoint, network, email, and cloud security products, managed detection and response, and security advisory services. Sophos has been operating in the region for 15 years, serving small- and medium-sized enterprises and national infrastructure entities through a regional team and Sophos X-Ops, a 24\/7 threat intelligence unit. Cloud-based solutions use AI and local infrastructure.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/data-center\/\">Data center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mgx\/\">MGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-france-relations\/\">UAE-France relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103818 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"103818\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/103818-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103818\" class=\"content-area-description single-story post-103818 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=\"103819\" 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=\"103819\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/desalination-renewables-power-transmission-and-more-in-taqas-pipeline-in-morocco\/\">\r\n                            Desalination, renewables, power transmission and more in Taqa\u2019s pipeline in Morocco                        <\/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\/20\/desalination-renewables-power-transmission-and-more-in-taqas-pipeline-in-morocco\/\" 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 agreements, signed with Moroccan electricity and water utility the Office National de l\u2019Electricit\u00e9 et de l\u2019Eau potable (ONEE), will cost some AED 52 bn in investments to develop. <\/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 projects include:<\/strong><\/p>\n<ul>\n<li>2.5 mn cubic feet a day worth of <strong>desalination projects<\/strong>, set to be powered by ancillary sources developed by Taqa;<\/li>\n<li>2.2 mn cubic meters worth of <strong>water transmission networks<\/strong>;<\/li>\n<li><strong>Acquisition<\/strong> of an existing <strong>400 MW combined cycle gas power power plant in Tahaddart<\/strong>, and the potential <strong>development of 1.1 GW worth of CCGT power projects<\/strong>; <\/li>\n<li>Developing 3 GW <strong>high voltage direct current transmission<\/strong> <strong>infrastructure<\/strong> connecting Morocco\u2019s south to its center; <\/li>\n<li>and 1.2 GW worth of new <strong>renewable energy projects<\/strong>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership breakdown: <\/strong>Taqa and Nareva will hold equal stakes in the projects, with the Mohammed VI Investment Fund and other Moroccan public entities owning 15%, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1605.pdf\" style=\"\" rel=\"noopener\">statement from Taqa Morocco (pdf).<\/a> The consortium will fund the projects through domestic and international financing, ONEE said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1606.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>Refresher:<\/strong> Taqa Morocco, which is listed on the Casablanca Stock Exchange, produces nearly 34% of the Kingdom\u2019s power needs through its Jorf Lasfar power complex, which has around 2 GW power capacity. The UAE and Morocco had <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2023\/12\/4\/4-12-2023-uae-moroco2\" style=\"\" rel=\"noopener\">inked several agreements<\/a> in 2023, during King Mohammed VI\u2019s visit, including in the energy sector. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taqa\/\">Taqa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103821\" 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=\"103821\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/uae-banks-line-up-aed-40-bn-for-industrials-aed-1-bn-for-smes\/\">\r\n                            UAE banks line up AED 40 bn for industrials, AED 1 bn for SMEs                        <\/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\/20\/uae-banks-line-up-aed-40-bn-for-industrials-aed-1-bn-for-smes\/\" 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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USD 10.9 bn) into its industrial base over <\/strong><strong>the <\/strong><strong>next five years<\/strong>, which aims to grow the sector and localize supply chains, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/fourth-edition-of-make-it-in-the-emirates-opens-in-abu-dhabi-in-presence-of-his-highness-sheikh-hamid-bin-zayed-cj75ivrs\" style=\"\" rel=\"noopener\">press release<\/a> citing statements made by Industry and Advanced Technology Minister Sultan Al Jaber during the <a target=\"_blank\" href=\"https:\/\/www.miite.ae\/\" style=\"\" rel=\"noopener\">Make it in the Emirates<\/a> forum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Banks are backing industrial financing: <\/strong><span style=\"background-color: transparent;\">The financing \u2014 to be led by national institutions including our friends at Mashreq, Emirates Development Bank, First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and Wio Bank \u2014 targets manufacturers across strategic sectors like chemicals, metals, food, construction, pharma, plastics, and machinery. \u201cEvery investment in the industrial sector has a multiplier effect \u2014 stimulating growth in related sectors,\u201d Al Jaber added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Product localization expansion plan<\/strong>: The UAE will also localize 4.8k products and raise potential procurements to AED 168 bn over the next decade. <\/p>\n<p class=\"tag-border-left\">SME FUND- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And a AED 1 bn fund for SMEs: <\/strong>The Emirates is also launching the Emirates Growth Fund (EGF) for SMEs, an AED 1 bn fund operating under <a target=\"_blank\" href=\"https:\/\/edb.gov.ae\/\" style=\"\" rel=\"noopener\">Emirates Development Bank<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1567.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. EGF offers flexible capital from AED 10 mn to AED 50 mn per company. It targets SMEs that have outgrown early-stage funding but require long-term capital and operational guidance to grow and expand \u2014 with a focus on sectors like manufacturing, healthcare, food security, and tech. The fund\u2019s active minority investments ensure founders retain operational control while reviving support in governance, growth strategy, and operational optimization. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It has already started deploying:<\/strong> EGF\u2019s first investment is in healthcare, with a minority stake acquired in Tarmeem Healthcare Holding, which operates Tarmeem Orthopedic &amp; Spine Specialty Hospital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Regionally, the UAE has integrated supply chains with an AED 18.4 bn (USD 5 bn) joint industrial investment plan alongside Egypt, Jordan, Morocco, Qatar, Bahrain, and Turkey through the Integrated Industrial Coalition initiated in Abu Dhabi in 2022.<\/p>\n<p class=\"tag-border-left\">EXPORTS FUND- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And another AED 1 bn for exporting firms: <\/strong>The Abu Dhabi Exports Office (ADEX) and Emirates Development Bank (EDB) will partner up to provide AED 1 bn in joint financing support for local private firms working in exporting and manufacturing, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bjr49pn-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D8%B1%D9%87%D9%85-%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D8%A8%D9%8A%D9%86-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D9%84%D9%84%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Available funds will go towards boosting working capital and supporting global expansion.<\/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-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-development-bank\/\">Emirates Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/industry-and-advanced-technology-ministry\/\">Industry and Advanced Technology Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/smes\/\">SMEs<\/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=\"103823\" 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=\"103823\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/a-slew-of-manufacturing-and-localization-agreements-from-make-it-in-the-emirates\/\">\r\n                            A slew of manufacturing and localization agreements from Make it in the Emirates                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/a-slew-of-manufacturing-and-localization-agreements-from-make-it-in-the-emirates\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1591.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103824\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/a-slew-of-manufacturing-and-localization-agreements-from-make-it-in-the-emirates\/1591-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1591.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1591.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1591.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1591.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103823\" class=\"content-area-description single-story post-103823 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-abu-dhabi-investment-office tag-adnoc tag-agriculture tag-automotive tag-china tag-emirates-global-aluminium tag-enterpriseam-uae tag-food tag-julphar tag-kezad tag-manufacturing tag-national-marine-dredging-company tag-oil-and-gas tag-pharmaceuticals 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\/.8dab741a-b1bf-46a7-a0d7-3cb1833e3d1c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The first day of Abu Dhabi\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.miite.ae\/\" style=\"\" rel=\"noopener\">Make it in<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.miite.ae\/\" style=\"\" rel=\"noopener\">the Emirates Forum<\/a><\/strong><strong> brought<\/strong><strong> in a slew of agreements<\/strong> in manufacturing, across sectors like oilfield services, pharma, and agritech.<\/p>\n<p class=\"tag-border-left\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New automotive manufacturing program in Abu Dhabi: <\/strong>The Abu Dhabi Investment Office (ADIO) launched an automotive program aiming to establish an end-to-end automotive ecosystem in the emirate, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-investment-office-launches-programme-to-establish-an-end-to-end-automotive-ecosystem\/\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative aims to contribute AED 100 bn to Abu Dhabi\u2019s GDP by 2045, attract over AED 8 bn in FDI, and create 7k high-skilled jobs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The program is backed by AED bns from global investors<\/strong>, the statement said. Among those already committing investments: South Korea\u2019s Genesis and Chinese EV maker ROX Motors inked manufacturing agreements with W Motors in Abu Dhabi, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">AIH Group, one of the world\u2019s largest automotive assembly providers, is also technical lead for high-volume production under the program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The program will cover initial stages including manufacturing, research and development, supplying, and original equipment manufacturing, as well as product launches, auctions, and luxury restoration, in a bid to position Abu Dhabi as a regional hub for smart mobility and automotive innovation.<\/p>\n<p class=\"tag-border-left\">OIL AND MINERALS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Adnoc and Tub<\/strong><strong>acex to localize oilfield tech: <\/strong>Abu Dhabi National Oil Company (Adnoc) inked an MoU with advanced tubular solutions provider Tubacex to localize oilfield tech and boost the UAE\u2019s industrial supply chain, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2025\/adnoc-and-tubacex-sign-agreement-to-localize-oilfield-technology-in-the-uae\" style=\"\" rel=\"noopener\">statement<\/a>. Under the agreement, Andoc received perpetual and exclusive rights to use Tubacex\u2019s premium tubular joint connection tech \u2014 dubbed Sentinel Prime \u2014 for developing oil and gas wells.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> Oil Country Tubular Goods \u2014 otherwise known as Tubulars \u2014 are specialized steel pipes employed in the drilling and completion of oil and gas wells. The high-pressure and high-temperature environment they operate under indicates that the components must meet a high standard for durability and reliability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tubacex will also set up a research and development hub in Abu Dhabi<\/strong><strong>. <\/strong>The facility is set to offer advanced engineering services and train highly skilled technicians. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- EGA and Sunstone boost anode manufacturing:<\/strong> Emirates Global Aluminium (EGA) and China-based independent pre-baked anode producer Sunstone agreed to develop an anode manufacturing facility in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-and-sunstone-sign-a-joint-development-agreement-at-make-it-in-the-emirates-forum-to-progress-an-anode-manufacturing-project-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">statement<\/a>. The new plant \u2014 set to be located in the Khalifa Economic Zone Abu Dhabi (Kezad) \u2014 is slated to have a capacity of 300k tonnes of anodes annually. Construction is scheduled to launch during 2026 \u2014 with operations expected to begin in 2028. EGA is looking to replace its anode imports, striving to instead become the second country in the world, after China, to export anodes globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company already manufactures some 1.35 mn tonnes of anodes every year at its plants in Jebel Ali and Al Taweelah<\/strong>, with the remainder of its needs \u2014 for aluminum smelting \u2014 covered by imports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership breakdown: <\/strong>EGA will hold a 45% stake in the joint venture developing the project, while Sunstone owns a 55% stake. The two firms have already conducted a feasibility study for the project.<\/p>\n<p class=\"tag-border-left\">PHARMA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Julphar<\/strong><strong> to ramp up pharma production: <\/strong>Emirati pharma manufacturer Julphar is set to pour AED 300 mn over the next five years into the UAE\u2019s pharma sector to expand manufacturing and localize advanced technologies, CEO Basel Ziyadeh told <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjr4h8i-julphar-plans-invest-aed300-million-over-next-five\" style=\"\" rel=\"noopener\">Wam<\/a> on the sidelines of the forum. The move seeks to streamline the local supply chain to boost non-oil pharma exports from the Emirates. Julphar currently exports over 80% of its production to nearly 40 global markets. It invested around AED 100 mn over the past three years to strengthen its manufacturing infrastructure and capacity.<\/p>\n<p class=\"tag-border-left\">AGRITECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s SVG and Silal to launch AED 120 mn agritech hub<\/strong>: Abu Dhabi-based agri-food firm Silal signed a strategic partnership agreement with China\u2019s Shouguang Vegetable Industry Group (SVG) to develop a 100k sqm agritech facility in Al Ain, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/he-dr-sultan-ahmed-al-jaber-and-he-dr-amna-bint-abdullah-al-dahak-witness-signing-of-silal-and-chinas-svg-wbox0tuc\" style=\"\" rel=\"noopener\">press release<\/a>. The AED 120 mn investment aims to establish a regional powerhouse in sustainable agriculture, powered by AI, robotics, and solar energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The facility will include seedling cultivation, high-tech greenhouses, post-harvest processing centers, solar energy systems, and AI research labs. It will focus on growing high-yield produce with reduced water and fertilizer usage. The model could be replicated across the Middle East, officials say.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The new facility builds on previous Silal and SVG partnerships on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c641d63c-c5ad-4644-acf8-11160247166e\/%253cmark%253e%253c%2Fmark%253emubadala%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einvestment%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etrims%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eglobalfoundries%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253estake%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eby%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e4%253cmark%253e%253c%2Fmark%253e.%253cmark%253e%253c%2Fmark%253e1%253cmark%253e%253c%2Fmark%253e%2525%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e3q%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e2024%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">on two major initiatives<\/a> to boost the emirates\u2019 agricultural product supply capacity.<\/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>NMDC eyes UAE valve facility in JV with Chinese manufacturer:<\/strong> Abu Dhabi-based NMDC LTS, the logistics arm of Abu Dhabi-based National Marine Dredging Company (NMC), signed an MoU with China\u2019s Jiangsu Huaying Valves to explore a potential joint venture to establish a valve manufacturing and distribution facility in the UAE, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1571.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The facility will supply valves for the energy sector and NMDC said it will unveil additional partnerships soon.<\/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\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-global-aluminium\/\">Emirates Global Aluminium<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/julphar\/\">Julphar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kezad\/\">Kezad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-marine-dredging-company\/\">National Marine Dredging Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pharmaceuticals\/\">pharmaceuticals<\/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=\"103825\" 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=\"103825\">\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\">SPACE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/orbitworks-joins-uae-eo-push\/\">\r\n                            Orbitworks to build AI-powered EO satellite fleet in Abu Dhabi                        <\/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\/20\/orbitworks-joins-uae-eo-push\/\" 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\/20\/orbitworks-joins-uae-eo-push\/')\">\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\/20\/orbitworks-joins-uae-eo-push\/\">\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=Orbitworks joins UAE EO push&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/orbitworks-joins-uae-eo-push\/\">\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\/20\/orbitworks-joins-uae-eo-push\/&title=Orbitworks joins UAE EO push\">\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=Orbitworks+joins+UAE+EO+push+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F20%2Forbitworks-joins-uae-eo-push%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\/20\/orbitworks-joins-uae-eo-push\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1599.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103826\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/orbitworks-joins-uae-eo-push\/1599-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1599.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1599.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1599.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1599.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103825\" class=\"content-area-description single-story post-103825 post type-post status-publish format-standard has-post-thumbnail hentry category-space tag-enterpriseam-uae tag-international-holding-company tag-kezad tag-manufacturing tag-orbitworks tag-space tag-space42 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\/.b474a3e4-b418-4991-bc92-1615e617854a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Satellite <\/strong><strong>manufacturer Orbitworks, a JV between Abu Dhabi-based<\/strong><strong> Marlan and US-based startup Loft Orbital, is developing a<\/strong> <strong>10-satellite Earth <\/strong><strong>observation (EO)<\/strong> <strong>constellation<\/strong> powered by onboard AI, according to a <a target=\"_blank\" href=\"https:\/\/www.orbitworks.space\/orbitworks-unveils-altair-uaes-first-homegrown-ai-enabled-satellite-constellation\/\" style=\"\" rel=\"noopener\">statement<\/a>. The satellites will be fully built and integrated at Orbitworks\u2019 50k sqft facility in Kezad in Abu Dhabi, which ranks among the largest commercial satellite production sites globally with an annual capacity of 50 satellites. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REFRESHER- <\/strong><span style=\"background-color: transparent;\">Orbitworks was launched in <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f7540776-e401-4fc3-9ac4-29422071b029\/ihc-backed-marlan-sets-up-middle-east%25e2%2580%2599s-first-mass-satellite-manufacturer-with-loft-orbital\" rel=\"noopener\">August 2024<\/a><span style=\"background-color: transparent;\"> as the first joint venture in the Middle East focused on mass satellite manufacturing. It is a partnership between Abu Dhabi-based deeptech investor Marlan \u2014 backed by International Holding Company (IHC) \u2014 and US-based startup Loft Orbital. IHC has committed USD 100 mn, with Marlan holding a majority stake, while Loft Orbital is supplying the production, operational, and technical framework. The JV aims to serve both domestic and international markets.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The constellation will support a range of civilian and strategic applications, including national security, agriculture, disaster response, smart city planning, and maritime monitoring. Each Altair satellite will carry multi-sensor payloads and edge computing for real-time in-orbit data processing. The fleet is based on Loft Orbital\u2019s Longbow platform, a modular, flight-proven design that has supported over 600 missions. The satellites will be engineered to perform orbital maneuvers and operate for up to eight years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>Production starts this July, with the satellites set for launch in 2H 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s EO ambitions extend beyond Orbitworks: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5333b5b4-90fa-4b73-a9bd-9156076c1875\/space42,-edge%25e2%2580%2599s-fada-to-build-uae%25e2%2580%2599s-first-sovereign-eo-hub\" style=\"\" rel=\"noopener\">In February<\/a>, Space42 and Edge\u2019s space unit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c7ebdc52-2664-479b-8309-aa4126b84400\/edge-group-launches-new-satellite-making,-cybertech-firm\" style=\"\" rel=\"noopener\">Fada<\/a> signed an MoU to create a JV aimed at building the country\u2019s first sovereign EO ecosystem. The new venture will operate multi-sensor, dual-use satellites for government and commercial use, with plans to export EO solutions to emerging markets. Partial satellite manufacturing is expected this year, with full-scale production by 2026, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/630bfc13-16b1-48ff-b562-99af112e1f8e\/this-morning:-emirates-nbd-is-prepping-an-at1-issuance-%2B-flydubai,-etihad-airways-eye-aircraft-acquisitions\" style=\"\" rel=\"noopener\">said<\/a> Hasan Al Hosani, CEO of Space42 subsidiary Bayanat Smart Solutions.<\/p>\n<p class=\"tag-border-left\">OTHER SPACE NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Space<\/strong><strong>42 also extending its reach elsewhere: <\/strong>The firm\u2019s subsidiary Mira Aerospace has opened MENA\u2019s first High Altitude Platform Stations (HAPS) manufacturing facility in Abu Dhabi, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1542.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The 4.5k sqm center will produce over 20 HAPS unmanned aerial vehicles (UAV) annually, supporting civil, environmental, and defense applications. It will also drive advanced R&amp;D and support the commercialization of HAPS technology, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The launch comes as Mira ramps up its HAPS efforts: <\/strong>Last October, it developed two advanced payloads \u2014 one for environmental monitoring, disaster management, and urban planning and another for direct-to-device telecommunications and data relay. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49a1079b-adbe-40aa-afaa-e70e3fe1a26e\/idex-and-navdex-2025-day-3:-contracts-signed-in-defense-tech,-cybersecurity,-and-more\" style=\"\" rel=\"noopener\">In February<\/a>, Mira partnered with XRange to establish a permanent testing site for high-altitude UAV trials. Space42 also claims to be the first globally to demonstrate 5G connectivity from the stratosphere using heavier-than-air HAPS.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes as Space42 moves to scale vertically integrated manufacturing and data infrastructu<\/strong>re. It is also targeting synthetic aperture radar (SAR) satellite production via a joint venture with Finnish SAR firm ICEYE, established <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b093c01e-5234-49b0-89ca-26c64a605074\/more-asset-managers-head-to-adgm\" style=\"\" rel=\"noopener\">in December<\/a>. Space42 recently launched two satellites \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7069d71e-02d8-46d8-8679-5cd2cad07301\/uae-gets-its-first-low-orbit-radar-imaging-satellite\" style=\"\" rel=\"noopener\">Foresight-1<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/103e6026-be48-49da-a6ab-85d58b9c4cf7\" style=\"\" rel=\"noopener\">Thuraya 4<\/a> \u2014 and kicked off the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/915f7855-701f-4c7d-8e36-094bddb1eaa5\/enec-expands-into-nuclear-consulting\" style=\"\" rel=\"noopener\">second phase of its Foresight constellation<\/a>, with plans to deploy eight SAR satellites over the next three years.<\/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\/international-holding-company\/\">International Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kezad\/\">Kezad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/orbitworks\/\">Orbitworks<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space\/\">space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space42\/\">Space42<\/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=\"103827\" 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=\"103827\">\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\">HEALTHCARE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/mubadala-launches-pharma-unit-mubadala-bio\/\">\r\n                            Mubadala launches pharma unit, Mubadala Bio                        <\/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\/20\/mubadala-launches-pharma-unit-mubadala-bio\/\" 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\/20\/mubadala-launches-pharma-unit-mubadala-bio\/')\">\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\/20\/mubadala-launches-pharma-unit-mubadala-bio\/\">\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 launches pharma unit, Mubadala Bio&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/mubadala-launches-pharma-unit-mubadala-bio\/\">\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\/20\/mubadala-launches-pharma-unit-mubadala-bio\/&title=Mubadala launches pharma unit, Mubadala Bio\">\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+launches+pharma+unit%2C+Mubadala+Bio+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F20%2Fmubadala-launches-pharma-unit-mubadala-bio%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\/20\/mubadala-launches-pharma-unit-mubadala-bio\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1595.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103828\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/mubadala-launches-pharma-unit-mubadala-bio\/1595-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1595.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1595.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1595.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1595.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103827\" class=\"content-area-description single-story post-103827 post type-post status-publish format-standard has-post-thumbnail hentry category-healthcare tag-enterpriseam-uae tag-healthcare tag-investment tag-mubadala tag-pharmaceuticals 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\/.b8de121f-2a76-4992-8335-e7ef6c4ef5df.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubad<\/strong><strong>ala Investment Company launched Mubadala Bio, a new pharma <\/strong><strong>company<\/strong> focused on boosting the UAE\u2019s drug manufacturing capabilities and improving access to essential medicines and medical devices, according to a <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-bio-to-transform-life-sciences-in-the-uae-and-beyond\" style=\"\" rel=\"noopener\">press release<\/a>. The firm will focus on developing and manufacturing products aimed at disease prevention, diagnostics, treatment, and long-term care, that address both regional and global health challenges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Mubadala Bio\u2019s portfolio includes 10 facilities across Asia, Africa, and Europe, including six in the UAE. <\/strong><span style=\"background-color: transparent;\">These sites collectively have the capacity to produce over 2.5 bn tablets and capsules, and 120 mn units of IV solutions and injectables per year. The total facility footprint is 110k sqm, serving more than 100 countries.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, Mubadala Bio plans to form strategic partnerships with leading global pharma firms and academic institutions<\/strong>, in a bid to accelerate growth in the biopharma sector, expand local manufacturing, and develop national talent. The company is debuting publicly at the Make it in the Emirates Forum 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Mubadala has been ramping up its investments in healthcare and pharma. In December 2024, it acquired an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af986379-2d06-4ad2-9258-c0e54ed1f74a\/%253cmark%253emubadala%253c%2Fmark%253e-bags-more-healthcare-firms-%2B%253cmark%253emubadala%253c%2Fmark%253e-backed-firm-snaps-up-german-real-estate-assets\" style=\"\" rel=\"noopener\">80% stake<\/a> in Abu Dhabi based healthcare logistics firm Global Medical Supply Chain and pharma firm Al Ittihad Drug Store. It also took a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d9d99b28-e73e-439a-b9d2-ca8fb30b2e65\/%253cmark%253emubadala%253c%2Fmark%253e-subsidiaries-acquire-stakes-in-silver-rock,-zelis\" style=\"\" rel=\"noopener\">minority stake<\/a> in US-based healthcare tech firm Zelis and invested an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/79120814-b4a4-4d24-ae42-4a65b2d12ef1\/%253cmark%253emubadala%253c%2Fmark%253e-invests-in-indian-healthcare-network-%2B-globalpharma-to-manufacture-saudi-meds-in-the-uae\" style=\"\" rel=\"noopener\">undisclosed amount<\/a> in India\u2019s Manipal Health Enterprises in February 2024.<\/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\/healthcare\/\">Healthcare<\/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\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pharmaceuticals\/\">pharmaceuticals<\/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=\"103829\" 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=\"103829\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/\">\r\n                            IFC backs UAE\u2019s VUZ as it scales immersive media                        <\/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\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/\" 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\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/')\">\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\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/\">\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=IFC backs UAE\u2019s VUZ as it scales immersive media&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/\">\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\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/&title=IFC backs UAE\u2019s VUZ as it scales immersive media\">\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=IFC+backs+UAE%E2%80%99s+VUZ+as+it+scales+immersive+media+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F20%2Fifc-backs-uaes-vuz-as-it-scales-immersive-media%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\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103830\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/ifc-backs-uaes-vuz-as-it-scales-immersive-media\/998-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"998.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103829\" class=\"content-area-description single-story post-103829 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-media tag-startup-watch tag-startups tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.09cad73f-fe75-4a0c-bd93-dfea64defc15.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>IFC <\/strong><strong>leads USD 12 mn pre-Series C round in media startup<\/strong><strong> VUZ: <\/strong>The International Finance Corporation (IFC), a member of the World Bank Group, led a USD 12 mn pre-Series C funding round in UAE-based immersive media platform <a target=\"_blank\" href=\"https:\/\/vuz.com\/news\" style=\"\" rel=\"noopener\">VUZ<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/global-investment-giant-ifc-world-bank-invests-in-vuz-12mln-pre-series-c-the-worlds-leading-immersive-media-company-pbz2u6pb\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/global-investment-giant-ifc-world-bank-invests-in-vuz-12mln-pre-series-c-the-worlds-leading-immersive-media-company-pbz2u6pb\" style=\"\" rel=\"noopener\">release<\/a>. The round also saw participation from <a target=\"_blank\" href=\"https:\/\/www.aljaziracapital.com.sa\/en\/\" style=\"\" rel=\"noopener\">Al Jazira Capital<\/a>, CrossWork VC\u2019s <a target=\"_blank\" href=\"https:\/\/www.successfund.com\/home\" style=\"\" rel=\"noopener\">Success Fund<\/a>, and several Saudi family offices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Looking forward: <\/strong><span style=\"background-color: transparent;\">VUZ, which offers 360\u00b0 and immersive video content, plans to use the funds to expand its presence in the UAE and Saudi Arabia, and scale operations in Africa, Asia, and the US.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VUZ raking in the views: <\/strong>The platform now has over 15 mn users and 3 bn screen views, with recent traction in markets like Egypt, Kenya, Nigeria, and Indonesia, <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2025\/05\/18\/vuz-gets-12m-to-scale-immersive-video-experiences-across-emerging-markets-and-the-u-s\/\" style=\"\" rel=\"noopener\">TechCrunch<\/a> reports. VUZ says it reached EBITDA profitability in 2024 and is targeting 5 bn lifetime views by 2026.<\/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\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103831\" 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=\"103831\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/nsf-sets-up-shop-in-dubai\/\">\r\n                            NSF sets up shop in Dubai                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/nsf-sets-up-shop-in-dubai\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/nsf-sets-up-shop-in-dubai\/')\">\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\/20\/nsf-sets-up-shop-in-dubai\/\">\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=NSF sets up shop in Dubai&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/nsf-sets-up-shop-in-dubai\/\">\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\/20\/nsf-sets-up-shop-in-dubai\/&title=NSF sets up shop in Dubai\">\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=NSF+sets+up+shop+in+Dubai+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F20%2Fnsf-sets-up-shop-in-dubai%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\/20\/nsf-sets-up-shop-in-dubai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1620.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103832\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/nsf-sets-up-shop-in-dubai\/1620-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1620.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1620.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1620.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1620.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103831\" class=\"content-area-description single-story post-103831 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ad-ports tag-also-on-our-radar tag-artificial-intelligence tag-blockchain tag-dispute-watch tag-dubai-financial-services-authority tag-dubai-land-department tag-edge-group tag-enterpriseam-uae tag-infrastructure tag-logistics tag-payments tag-presight-holdings tag-ras-al-khaimah tag-real-estate tag-ripple tag-startups tag-trade tag-us-uae-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.ff13ba03-b9c1-46f0-a12e-49917db6de74.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NSF <\/strong><strong>sets up shop for MENA operations with Dubai headquarters: <\/strong>Global public health and safety organization NSF has launched a Middle East and North Africa headquarters in Dubai Science Park, according to a <a target=\"_blank\" href=\"https:\/\/www.nsf.org\/news\/nsf-middle-east-new-dubai-headquarters\" style=\"\" rel=\"noopener\">press release<\/a>. The facility will focus on testing, auditing, and certification services for the water industry.<\/p>\n<p class=\"tag-border-left\">PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zand<\/strong> <strong>+ Mamo tap Ripple for blockchain cross-border payments: <\/strong>UAE-based digital bank <a target=\"_blank\" href=\"https:\/\/www.zand.ae\/en\" style=\"\" rel=\"noopener\">Zand Bank<\/a> and fintech <a target=\"_blank\" href=\"https:\/\/www.mamopay.com\/?utm_medium=autoset&amp;utm_source=google.com\" style=\"\" rel=\"noopener\">Mamo<\/a> have partnered with blockchain firm Ripple to run faster, blockchain-settled global transfers, Ripple announced in a <a target=\"_blank\" href=\"https:\/\/ripple.com\/ripple-press\/zand-bank-and-mamo-newest-ripple-payments-customers-in-uae\/\" style=\"\" rel=\"noopener\">press release<\/a>. Zand is wiring Ripple into its AI stack and custodial services and plans to roll out an AED-backed stablecoin, while Mamo will use Ripple to scale cross-border payment offerings to both consumers and businesses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e609bb0d-3e51-4482-94c6-e3d412f17b7d\/adtic-invests-usd-120-mn-in-hotel-in-egypt%25e2%2580%2599s-giza-pyramids-area\" style=\"\" rel=\"noopener\">In March<\/a>, Ripple became the first Dubai Financial Services Authority-licensed firm to receive approval to provide regulated crypto payments and services in the Dubai International Financial Center.<\/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>NMO taps Presight to build AI-powered media data hub: <\/strong>The UAE\u2019s National Media Office (NMO) has awarded a contract to Abu Dhabi\u2019s Presight Holdings to develop an AI-powered platform aimed at optimizing the country\u2019s media ecosystem, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1555.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan: <\/strong>The project will build a cloud-based data lake that consolidates media insights across institutions into a unified data hub. Presight will also use AI to analyze public sentiment, detect emerging narratives, and recommend evidence-based messaging frameworks. Real-time analytics will give the NMO a clearer picture of public opinion and help align messaging with strategic priorities.<\/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>Edge <\/strong><strong>launches AI accelerator to fast track tech integration: <\/strong>State defense conglomerate Edge Group has launched a new center of excellence, dubbed the Group AI Accelerator, to speed up the use of AI-driven projects across its engineering and business operations, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/edge-launches-group-ai-accelerator-to-drive-excellence-in-ai-enhanced-solutions-enofha7o\" style=\"\" rel=\"noopener\">press release<\/a>. The initiative falls under Edge\u2019s Technology and Innovation Cluster and supports its broader push to localize advanced technology capabilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The facility will host skunkworks projects focused on machine learning and AI-enabled engineering. A steering committee of local and international experts will oversee two working groups \u2014 one for research and development, and the other for digital transformation and advanced training.<\/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>AD Po<\/strong><strong>rts subsidiary Noatum Logistics has inaugurated its first robotically assisted <\/strong><strong>refrigerated warehouse in Lisbon<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/05\/19\/ad-ports-groups-noatum-logistics-opens-first-robotically-assisted-cold-chain-facility-in-portugal\" style=\"\" rel=\"noopener\">statement<\/a>. The 12k sqm reefer cold storage facility \u2014 located in Lisbon\u2019s North Logistics Platform \u2014 boasts robotic stacking technology that aims to boost the warehouse\u2019s operational efficiency. The warehouse will feature temperature-controlled storage as well as robotic cross-docking, picking, labelling, customs, weighing, and more. The move aims to address the growing demand for cold chain refrigeration in Portugal and tap the wider West Mediterranean region.<\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RAK<\/strong><strong>, Miami to boost economic and urban cooperation:<\/strong> Ras Al Khaimah and Miami, Florida, have signed an MoU to expand cooperation on city planning and public security, business promotion and tourism, smart city technology, innovation and startups, and sustainable development, according to a RAK Media Office <a target=\"_blank\" href=\"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/ruler-attends-signing-of-mou-between-ras-al-khaimah-and-miami-to-enhance-cooperation-across-sectors\/\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement, which is in line with the UN Sustainable Development Goals, also covers transport, public accountability, health and social inclusion, logistics and airport services, culture and education, and the creative economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The agreement follows the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3261fa8a-9604-492d-88c8-a0108899f5fa\/uae,-us-ink-usd-200-bn-investment-agreements-in-ai,-critical-minerals,-and-energy\" style=\"\" rel=\"noopener\">USD 200 bn in agreements<\/a> worth of agreements signed between the UAE and the US during President Donald Trump\u2019s visit to the UAE 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\/ad-ports\/\">AD Ports<\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/blockchain\/\">Blockchain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-financial-services-authority\/\">Dubai Financial Services Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-land-department\/\">Dubai Land Department<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/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\/payments\/\">payments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/presight-holdings\/\">Presight Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ripple\/\">Ripple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n      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class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/big-tech-is-no-longer-leading-the-2025-market-rally\/\">\r\n                            Big Tech\u2019s dominance fades as other sectors fuel the 2025 rebound                        <\/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\/20\/big-tech-is-no-longer-leading-the-2025-market-rally\/\" target=\"_blank\">\n           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data-attachment-id=\"103834\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/big-tech-is-no-longer-leading-the-2025-market-rally\/1583-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1583.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1583.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1583.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1583.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103833\" class=\"content-area-description single-story post-103833 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-equities tag-financial-markets tag-planet-finance tag-sp-500 tag-tariffs tag-us 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\/.3a83c9bd-2fd0-4107-bf50-4e600908afc4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street\u2019s Magnificent 7 are losing their shine<\/strong>, with the indices that track tech heavyweights Apple, Alphabet, Amazon, Tesla, Meta, Microsoft, and Nvidia now lagging behind the S&amp;P 500 throughout the year so far, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-18\/big-tech-goes-from-stock-market-s-safest-bet-to-biggest-question?srnd=phx-alternative-investments\" style=\"\" rel=\"noopener\">Bloomberg<\/a> notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">It\u2019s only the second time in a decade that tech\u2019s powerhouses have underperformed the <\/strong><strong style=\"background-color: transparent;\">broader market during the year<\/strong><span style=\"background-color: transparent;\">, a sharp turnaround from 2024 when tech and telecom stocks led the S&amp;P 500 to a historic 23% annual gain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BY THE NUMBERS- <\/strong>The now not-so-magnificent tech stocks are collectively down 4.4% since the start of the year, while the broader index has recently emerged back in the green at 1.4% following the announcement of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6785b59-0af4-4c18-a25d-3be7c44d1796\/temporary-respite-as-us-%253cmark%253echina%253c%2Fmark%253e-trade-war-eases-with-90-day-truce\" style=\"\" rel=\"noopener\">temporary US-China trade war truce<\/a> earlier this month. This is in stark contrast to the decade-long view, which saw the S&amp;P 500\u2019s 181% gains dwarfed by Big Tech\u2019s 2179% gains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors are now looking toward other sectors<\/strong>, including industry, utilities, and finance, which are fueling investors' interest this year. The move signals a sea change in approach as investors start to focus more on company fundamentals than macro uncertainty. \u201cThe market is starting to look back more at individual stocks and companies and financial strength and innovation,\u201d RGA Investments CIO Rick Gardner told Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But some still see an approaching Big Tech comeback in the cards<\/strong>, including Gardner who has been building up his stock portfolio on the assumption of a recovery. Hedge funds are also slowly returning, with Goldman Sachs\u2019 prime brokerage reporting the fastest US equity buying since April 9 \u2014 the day markets surged on Trump\u2019s tariff reprieve \u2014 which was led by tech stocks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not all of tech\u2019s biggest names are having a bad year<\/strong>, with Meta up 9.4% YTD and Microsoft gaining 8.9% since the start of the year, boosted by solid earnings and limited China exposure. Despite initial concerns, Nvidia is flat for the year ahead of its next earnings release on 28 May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taking the Maginificent 7 down a peg or two could be good for the market overall<\/strong>, with the S&amp;P 500\u2019s ability to climb despite Big Tech losses a sign of a healthier and more sustainable market, according to Principal Asset Management CIO George Maris. \u201cYou probably have a healthier, more fundamentally-oriented market if you have greater participation across the investment universe,\u201d he explained.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the green in early trading this morning. <\/strong>Japan\u2019s Nikkei is up 0.6%, Korea\u2019s Kospi is looking at gains of 0.1%, the Shanghai Composite and the Hang Seng are both in the green, up 0.3% and 1%, respectively. <\/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\">9,666<\/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: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,491<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +6.4%)<\/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\">4,508<\/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: +8.3%)<\/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\">4.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,405<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,356<\/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\">-1.1% (YTD: +5.4%)<\/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>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\">5,964<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +1.4%)<\/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>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\">8,699<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,427<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: +11.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 65.54<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.12<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3,230<\/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%<\/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 105,313<\/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: +12.5%)<\/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>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 3.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">+0.3% (YTD: +2.4%)<\/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>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\">18.14<\/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\">+5.2% (YTD: +4.6%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.7% yesterday<\/strong> on turnover of AED 716.6 mn. The index is up 6.4% 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>Chimera S&amp;P UAE Shariah ETF (+3.6%), Emirates NBD (+3.5%) and Commercial Bank of Dubai (+2.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Agility The Public Warehousing Company (-7.0%), Ekttitab Holding Company (-4.4%) and Shuaa Capital (-3.3%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.1% on turnover of AED 1.3 bn. Meanwhile, Nasdaq Dubai was up 0.5%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Logistics and Services appointed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alramz.ae\/\" style=\"\" rel=\"noopener\">Al Ramz Capital<\/a><\/strong><strong> as its liquidity provider<\/strong> for shares on the ADX under a one-year contract, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1568.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-500\/\">S&amp;P 500<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tariffs\/\">tariffs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us\/\">US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103835\" 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=\"103835\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/us-uae-defense-partnership-prioritizes-joint-rd-missile-defense-and-disaster-response\/\">\r\n                            US-UAE defense partnership prioritizes joint R&amp;D, missile defense, and disaster response                        <\/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\/20\/us-uae-defense-partnership-prioritizes-joint-rd-missile-defense-and-disaster-response\/\" 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 partnership includes collaboration on a phased framework to improve bilateral force readiness, interoperability, and innovation-driven initiatives. The US Defense Innovation Unit will partner with the UAE\u2019s Tawazun Council, the nation\u2019s defense acquisitions authority, to advance joint research, development, and industrial investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND-<\/strong> A separate agreement integrates the UAE into the US National Guard Partnership Program via the Texas National Guard, focusing on air and missile defense, cybersecurity, disaster response, and operational planning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> US President Donald Trump secured USD 200 bn in commercial agreements between the US and the UAE during his <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3261fa8a-9604-492d-88c8-a0108899f5fa\/uae,-us-ink-usd-200-bn-investment-agreements-in-ai,-critical-minerals,-and-energy\" style=\"\" rel=\"noopener\">visit<\/a> to the Emirates, which also saw Tawazun collaborate with US defense conglomerate RTX on a USD 4 bn gallium smelter project in the US.<\/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\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense-ministry\/\">Defense Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/military\/\">military<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us-uae-relations\/\">US-UAE relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103837\" 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\/20\/103837-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103837\" class=\"content-area-description single-story post-103837 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 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>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>21-23 May (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/may\/18-05\/dubai-to-make-presence-felt-at-gitex-europe-x-ai\" style=\"\">Dubai participates at GITEX EUROPE x Ai Everything 2025<\/a><\/span><span style=\"font-weight:400;\">, Messe Berlin, Germany.<\/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>26<\/span><span style=\"font-weight:400;\"> May (Monday): The SAMENA Council Leaders' Summit, 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;\">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:700\">Check out our full calendar on the web<\/span><span style=\"font-weight:400;\"> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/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>24-25 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/rta-opens-registration-for-the-dubai-world-congress-for-self-driving-transport-2025?lang=en\" style=\"\">Dubai World Congress for Self-Driving Transport<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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>14-16 October (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/initiatives.weforum.org\/future-of-growth-initiative\/gfc\" style=\"\">Global Future Councils<\/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>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>12-17<\/span><span> November (Wednesday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/robocupap.org\/\" style=\"\">RoboCup Asia-Pacific<\/a><\/span><span>,<\/span><span style=\"font-weight:400;\"> Khalifa University, Abu Dhabi. <\/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 style=\"font-weight:400;\">United Nations Water Conference 2026, UAE<\/span><\/li>\n<li><span style=\"font-weight:400;\">The first edition of Dubai Future Finance Week.<\/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>AED 40 bn to go towards industrials | Taqa to develop AED 52 bn projects in Morocco | Mubadala launches pharma unit<\/p>\n","protected":false},"featured_media":103810,"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-103809","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"429ea84c-8cef-41d6-91cb-43a003e49735","teaser":"AED 40 bn to go towards industrials | Taqa to develop AED 52 bn projects in Morocco | Mubadala launches pharma unit","photo_url":"https:\/\/ent.news\/2024\/4\/212.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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