{"id":103858,"date":"2025-05-21T00:00:00","date_gmt":"2025-05-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=103858"},"modified":"2025-12-15T03:49:35","modified_gmt":"2025-12-15T03:49:35","slug":"corporate-tax-relief-for-foreign-investors-dubai-inflation-dips-as-property-prices-moderate","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/corporate-tax-relief-for-foreign-investors-dubai-inflation-dips-as-property-prices-moderate\/","title":{"rendered":"Corporate tax relief for foreign investors + Dubai inflation dips as property prices moderate"},"content":{"rendered":"<section id=\"103860\" 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=\"103860\">\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\/21\/this-morning-banks-to-raise-minimum-balance-requirement-as-of-next-month\/\">\r\n                            THIS MORNING: Banks to raise minimum balance requirement as of next month                        <\/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\/21\/this-morning-banks-to-raise-minimum-balance-requirement-as-of-next-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1865.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103861\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/this-morning-banks-to-raise-minimum-balance-requirement-as-of-next-month\/1865-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1865.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1865.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1865.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1865.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103860\" class=\"content-area-description single-story post-103860 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-banking tag-dubai-land-department tag-emiratisation tag-enterpriseam-uae tag-human-resources-and-emiratisation-ministry tag-jp-morgan tag-mubadala tag-roads-and-transport-authority tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.97746889-481f-45b5-9657-2ee65adea564.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy hump day. <\/strong>We have another raft of agreements from Make it in the Emirates forum, so today\u2019s issue is heavy on news on the manufacturing, logistics, and supply chain fronts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- We have fresh Dubai inflation figures for April<\/strong>, which showed signs of a sustained moderation of property price growth, and <strong>new corporate tax relief measures<\/strong> for foreign investors. <strong>Plus:<\/strong> <strong>Lunate<\/strong> and <strong>Brookfield<\/strong> are setting up a <strong>USD 1 bn real estate investment JV<\/strong>, focused on the UAE and KSA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5WEATHER<\/strong><strong>- Temperatures are once again on the rise<\/strong> along with humidity levels, with <strong>Dubai<\/strong> seeing highs of 41\u00b0C, before dropping to 29\u00b0C overnight. Meanwhile, <strong>Abu Dhabi <\/strong>will see a peak of 35\u00b0C and a low of 27\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #1-<\/strong> <strong>UAE <\/strong><strong>banks to raise minimum balance requirement from Sunday, 1 June: <\/strong>Several major banks in the UAE will increase the minimum balance for current accounts to AED 5k, up from AED 3k, starting Sunday, 1 June, under updated Central Bank regulations tied to personal loans, <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/business\/local\/2025-05-20-1.1946091\" style=\"\" rel=\"noopener\">Emarat Al Youm<\/a> reports. At least one bank has already applied the change, the local news outlet says, with others expected to follow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What this means: <\/strong>Customers who do not meet the new threshold will be charged an AED 25 monthly fee \u2014 or up to AED 100-105, depending on the account type \u2014 unless they qualify for an exemption. Exemptions apply to those maintaining a total balance of AED 20k, earning a salary of at least AED 15k, or holding an active loan, overdraft, or credit card.<\/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=\"wwtt3\"><\/a> <strong>#2-<\/strong><strong> JPMorgan to grow Middle East headcount by 100+: <\/strong>JPMorgan plans to add over 100 staff across its Middle East operations in the coming years, bringing its regional headcount to 500, up from 370 today, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-20\/jpmorgan-to-add-more-than-100-staffers-in-mideast-hiring-spree\" style=\"\" rel=\"noopener\">Bloomberg<\/a> cites CEO of Asset and Wealth Management Mary Callahan Erdoes as saying at the Qatar Economic Forum. The bank has operated in the Middle East for over a century and currently has offices in Abu Dhabi, Dubai, Doha, and Riyadh. The expansion comes as Wall Street banks ramp up their presence in the Gulf to tap into large-scale economic diversification efforts.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Dubai<\/strong><strong> is getting a PropTech Hub<\/strong> <strong>aimed at supporting startups<\/strong> and doubling the emirate\u2019s property technology market to AED 4.5 bn within five years, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/may\/19-05\/hamdan-bin-mohammed-directs-the-launch-of-dubai-proptech-hub\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The hub is projected to draw AED 1 bn in investment, support more than 200 proptech firms, and bring in 20 investment funds by 2030. It will offer AI-focused infrastructure, startup incubators, and shared digital workspaces. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The Dubai Land Department has been taking steps to deepen its involvement in the proptech ecosystem. <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a66907af-29cb-4a28-b4dd-74bd0fad7bd0\/more-support-for%253cmark%253e-proptech%253c%2Fmark%253e-%2B-crypto-payments-for-real-estate%3F\" style=\"\" rel=\"noopener\">In February<\/a>, it teamed up with the Dubai Integrated Economic Zones Authority to support R&amp;D and startup activity, focusing on proptech. Later <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9339983-f4db-4a2e-b41f-bfad7086d9ce\/e&amp;-taps-samsung-for-ai,-digital-transformation-cooperation\" style=\"\" rel=\"noopener\">in March<\/a>, it partnered with Reach to launch Reach Middle East, aimed at backing early-stage proptech firms with funding, data analytics, and investor access.  <\/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-<\/strong><strong> RTA to cut travel<\/strong><strong> time by 83% between Al Ain Road and Nad Al Sheba:<\/strong> Dubai\u2019s Roads and Transport Authority (RTA) is set to build a 700m dual-lane bridge in Nad Al Sheba to serve the nearly 30k residents living within the area, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/may\/19-05\/rta-constructs-700-metre-bridge-connecting-dubai-al-ain-road-to-nad-al-sheba\" style=\"\" rel=\"noopener\">statement<\/a>. The bridge will have a capacity of 2.6k vehicles per hour, and will offer a direct link for inbound traffic coming from Dubai-Al Ain Road towards Al Ain that will aim to cap the journey time to Nad Al Sheba by 83%. Construction is expected to begin in 4Q of this year, with completion slated for 4Q 2026.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1-<\/strong> <strong>Mubadala Inv<\/strong><strong>estment Company\u2019s holdings of listed US companies fell 14.1% q-o-q to <\/strong><strong>USD 17.6 bn in 1Q 2025<\/strong>, thanks largely to a USD 2.7 bn paper loss on its majority stake in semiconductor manufacturer GlobalFoundries \u2014 whose share price has dropped by nearly 50% since peaking in March 2022, according to a Securities and Exchange Commission <a target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1704268\/000101143825000304\/xslForm13F_X02\/primary_doc.xml\" style=\"\" rel=\"noopener\">filing<\/a> picked up by <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/markets\/2025\/05\/mubadala-us-portfolio-suffers-from-globalfoundries-slump\/\" style=\"\" rel=\"noopener\">Arabian Gulf Business Insight<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala was both an active buyer and seller of US equities during the quarter:<\/strong> The fund added stakes in 18 new companies like Bristol-Myers Squibb and Expedia, fully exited nine (including Pfizer, Citigroup, and Match Group), bumped up 13 existing positions (Gap, Western Union, Jones Lang Lasalle), and trimmed 14 others (Coca-Cola, Carnival Corp). Its Bitcoin ETF position also dipped to USD 408.5 mn from USD 437 mn at the end of 2024, even as Mubadala boosted its shares by 500k to 8.7 mn during the quarter, due to a slump in BTC prices during the quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: 600;\">IN CONTEXT- Mubadala\u2019s approach to US equities is notably conservative compared to Saudi Arabia\u2019s Public Investment Fund (PIF),&nbsp;<\/span>which maintains significant nine-figure stakes in 34 companies, including call options. In contrast, Mubadala tends to focus on smaller, straightforward equity positions outside of its GlobalFoundries investment. Of Mubadala\u2019s 53 US-listed investments, only six exceed USD 10 mn in value. Excluding GlobalFoundries and its Bitcoin ETF holdings, the median value of the remaining investments is approximately USD 3.4 mn, according to AGBI\u2019s calculations.<strong><\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>The <\/strong><strong>number <\/strong><strong>of registered industrial facilities in Ajman rose by 7.5% y-o-y in 1Q 2025<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjrpwj1-ajman-sees-75-growth-industrial-facilities\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The manufacturing sector now accounts for 18.8% of the emirate\u2019s GDP, Ajman Chamber board member Maher Taresh Al Alili said. <\/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\"><strong>#1- VFS Global just opened the world\u2019s largest visa application center in Dubai\u2019s Wafi <\/strong><strong>City<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1713.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The 150k sq ft hub has capacity to handle 10k applications daily and serves 37 client governments and has over 200 submission counters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Emiratization <\/strong><strong>checks begin on 1 July: <\/strong>The Human Resources and Emiratization Ministry will begin verifying private sector companies\u2019 compliance with mid-year Emiratization targets starting 1 July, it said in a <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/20\/5\/2025\/mohre-urges-private-sector-companies-to-meet-emiratisation-targets-for-the-first-half-of-2025-before-30-june.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. A digital inspection system will be used to flag fake Emiratization practices. Inspectors will also confirm that Emirati employees are registered with the social security fund and that firms are consistently paying required contributions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Companies with 50 or more employees must reach a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6f4d64b0-3ef4-4bf7-a2f9-6a8922e47d1b\/new-year,-new-laws,-taxes,-fees,-and-regulations\" style=\"\" rel=\"noopener\">7% Emiratization rate<\/a> \u2014 meaning 7% of their employees must be Emiratis \u2014 in skilled roles by 30 June, as part of the national mandate to hit 10% by the end of 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are carrots and sticks: <\/strong>Firms that fall short face monthly fines for each unfilled Emirati role, while those exceeding targets may receive up to 80% discounts on MoHRE service fees and priority access to government procurement.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.miite.ae\/\" style=\"\" rel=\"noopener\">Make it in the Emirates Forum<\/a><\/strong> <strong> is on its third 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>#2- 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> is on its second and final day<\/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>#3- <\/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> is on its second day, and runs through tomorrow <\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/cryptoexpodubai.com\/dubai\" style=\"\" rel=\"noopener\">Crypto Expo Dubai<\/a><\/strong><strong> will be held today and tomorrow<\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aws.amazon.com\/events\/summits\/dubai\/\" style=\"\" rel=\"noopener\">AW<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/aws.amazon.com\/events\/summits\/dubai\/\" style=\"\" rel=\"noopener\">S Summit<\/a><\/strong><strong> is happening today <\/strong>at the Dubai World Trade Center. The event will feature tech showcases, workshops, and breakout sessions focused on AI and machine learning tools. Players such as Emirates Airlines, Dubai Health Authority, Rakbank, MBZUAI, and e&amp; will be in attendance.<\/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>In a rare public rebuke by Israel\u2019s allies<\/strong>, the British government announced it <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/05\/20\/israel-gaza-war-aid\/\" style=\"\" rel=\"noopener\">will not move<\/a><a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/05\/20\/israel-gaza-war-aid\/\" style=\"\" rel=\"noopener\">forward<\/a> with discussions on free trade with Tel Aviv. The statement cited \u201cegregious policies\u2019 by PM Netanyahu, including the weeks-long blockade of aid and escalation of military offensive in the Gaza Strip, as well as the situation in the West Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EU followed with an announcement that it intends to<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0dc7feeb-0136-4229-8154-442daeb973fe\" style=\"\" rel=\"noopener\">review its trade agreement with<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0dc7feeb-0136-4229-8154-442daeb973fe\" style=\"\" rel=\"noopener\">Israel<\/a><\/strong>, a move supported by a majority of member states due to the \u201ccatastrophic\u201d situation in Gaza. The looming famine has not yet been improved by Israel\u2019s easing of the blockade, as the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-strikes-kill-dozens-gaza-criticism-israel-grows-2025-05-20\/\" style=\"\" rel=\"noopener\">United Nations said yesterday<\/a> no aid has been distributed yet despite some 100 trucks entering the enclave.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel agreed to let the UAE deliver humanitarian aid<\/strong> following a phone call between President Sheikh Mohamed bin Zayed Al Nahyan and Israeli Foreign Affairs Minister Gideon Sa'ar last night, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/15ktwqy-%D8%A7%D8%AA%D8%B5%D8%A7%D9%84-%D9%87%D8%A7%D8%AA%D9%81%D9%8A-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%B4%D9%8A%D8%AE-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A8%D9%86-%D8%B2%D8%A7%D9%8A%D8%AF-%D9%88%D9%88%D8%B2%D9%8A%D8%B1-%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The aid will come in the form of food and supplies to allow bakeries to operate in Gaza, aimed at addressing the needs of 15k civilians in the first phase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, the global backlash is apparently not deterring Israel<\/strong>: US intelligence shows Tel Aviv is making preparations to strike Iranian nuclear facilities, <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/05\/20\/politics\/intelligence-israel-possible-strike-iran-nuclear-facilities\" style=\"\" rel=\"noopener\">unnamed US officials told CNN<\/a>. The potential strike would be a huge break with US President Trump\u2019s policy of negotiating an agreement with Tehran.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN THE US- <\/strong>Elon Musk \u2014 one of the biggest backers of the US Republican Party \u2014 signalled yesterday he will <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/05\/20\/2025\/trump-mega-donor-elon-musk-says-he-will-cut-political-spending-focus-on-tesla\" style=\"\" rel=\"noopener\">pull back from political spending<\/a> and focus on Tesla. The EV maker saw a dip in sales amid a backlash to Musk\u2019s close involvement in White House policymaking under President Trump.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also worth reading this morning-<\/strong><\/p>\n<ul>\n<li><strong>Google is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b9d13cc7-f0f0-4d0d-9dfd-7d387ac2cdf9\" style=\"\" rel=\"noopener\">adding \u201cAI mode\u201d<\/a><\/strong> to its search engine and Chrome browser for all US users. The new feature will offer a conversational chatbot \u2014 similar to ChatGPT and Copilot \u2014 rather than a list of links.<\/li>\n<li><strong>Turkey arrested <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/909f8d0d-75a1-4a4f-b3a5-3e53290797f5\" style=\"\" rel=\"noopener\">22 Istanbul municipality employees<\/a><\/strong> on corruption charges yesterday, the latest development after the arrest of mayor Ekrem \u0130mamo\u011flu back in March.<\/li>\n<li>Qatar\u2019s PM Sheikh Mohammed bin Abdulrahman al-Thani <strong>denied that Doha\u2019s USD 400 <\/strong><strong>mn jet offered to Trump is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/20\/qatari-pm-denies-jumbo-jet-gift-to-trump-is-bribery.html\" style=\"\" rel=\"noopener\">an attempt to curry favor<\/a><\/strong>, calling it \u201ca ministry of defense to department of defense transaction.\u201d<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"103863\">\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\">TAX<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/corporate-tax-relief-for-foreign-holdings\/\">\r\n                            Finance Ministry extends tax relief to foreign-owned companies                        <\/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    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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2663.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103864\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/corporate-tax-relief-for-foreign-holdings\/2663-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2663.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2663.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2663.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2663.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103863\" class=\"content-area-description single-story post-103863 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-corporate-tax tag-finance-ministry tag-tax wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.79087e8e-5a7e-44ea-b5f4-bd54b7422d0b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>MoF expands tax exemption to foreign-owned entities tied to exempt <\/strong><strong>persons:<\/strong> The Finance Ministry (MoF) has issued a new cabinet decision expanding corporate tax exemptions to include foreign entities wholly owned by exempt entities \u2014 such as government entities, government-controlled entities, qualifying investment funds, and public pension or social security funds \u2014 provided they meet relevant conditions, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjrpwxy-ministry-finance-announces-issuance-cabinet\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Previously<\/strong><span style=\"background-color: transparent;\">, <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1066e4e4-7333-467d-8019-fc8eb09c88b4\/finance-ministry-eases%253cmark%253e-corporate-tax%253c%2Fmark%253e-requirements-for-investors\" rel=\"noopener\">exemptions<\/a><span style=\"background-color: transparent;\"> were limited to UAE-incorporated entities, excluding foreign companies even if fully owned by exempt persons or operating through UAE branches.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> The update removes this restriction to ensure equal tax treatment between domestic and foreign structures under common exempt ownership. It also reinforces the UAE\u2019s position as a holding company hub and brings its framework further in line with international tax standards, according to Wam.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- The move follows a string of tax relief measures rolled out <\/strong>since the UAE\u2019s 9% federal corporate tax came into effect in <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/ministry-of-finance-announces-new-decisions-relating-to-corporate-tax-for-free-zones\/\" style=\"\" rel=\"noopener\">June 2023<\/a>. These included the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1066e4e4-7333-467d-8019-fc8eb09c88b4\/finance-ministry-eases%253cmark%253e-corporate-tax%253c%2Fmark%253e-requirements-for-investors\" style=\"\" rel=\"noopener\">exemptions<\/a> for Qualifying Investment Funds and Qualifying Limited Partnerships, grace periods to fix ownership breaches, and partial taxation of real estate income exceeding set thresholds. Further <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2db0a5ff-1013-46db-8db7-b8835cc6d844\/finance-ministry-eases%253cmark%253e-corporate-tax%253c%2Fmark%253e-compliance-requirements\" style=\"\" rel=\"noopener\">amendments<\/a> eased compliance for domestic entities, foreign partnerships, and family foundations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors have been a focus: <\/strong>Recent rules allow foreign partnerships to qualify for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2db0a5ff-1013-46db-8db7-b8835cc6d844\/finance-ministry-eases%253cmark%253e-corporate-tax%253c%2Fmark%253e-compliance-requirements\" style=\"\" rel=\"noopener\">tax transparency<\/a> if holding the same status in their home country. Non-resident investors generally remain exempt unless a nexus is created through dividend distributions or other trigger events. Some foreign-owned investment entities have also been exempted from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff639880-d828-4a88-974f-316b283fbdb2\/new%253cmark%253e-tax%253c%2Fmark%253e-relief-package-exempts-investment-firms,-smaller-multinationals-from-top-up%253cmark%253e-tax%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">15% minimum top-up tax<\/a>, with carve-outs linked to payroll and asset-based substance tests.<\/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\/corporate-tax\/\">corporate tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103865\" 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=\"103865\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/dubai-annual-inflation-dips-again-in-april-as-analysts-slash-inflation-forecasts-amid-oil-price-pressure\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103866\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/dubai-annual-inflation-dips-again-in-april-as-analysts-slash-inflation-forecasts-amid-oil-price-pressure\/2050-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2050.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103865\" class=\"content-area-description single-story post-103865 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-dubai tag-economy tag-enterpriseam-uae tag-food-and-beverage tag-inflation tag-real-estate tag-transport 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\/.f0817a5b-3787-48c1-809a-f9077a6d89de.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai\u2019s annual<\/strong><strong> inflation continued to dip in April, coming in at 2.31% y-o-y, <\/strong>compared to 2.79% in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6835fc84-600f-4a5d-b3c4-af983a73b353\/dubai%253cmark%253e-inflation%253c%2Fmark%253e-hits-five-month-low-as-monthly-deflation-returns\" style=\"\" rel=\"noopener\">March<\/a>, and extending a softening trend since January\u2019s peak of 3.22%, according to the <a target=\"_blank\" href=\"https:\/\/www.dsc.gov.ae\/Report\/Annual%20Percentage%20Change%202025-%20base2021.pdf\" style=\"\" rel=\"noopener\">Dubai Statistics Center (pdf)<\/a>. The decline was mostly due to a \u201cmeaningfully lower petrol price offsetting still elevated upwards pressure on housing,\u201d <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1725.pdf\" style=\"\" rel=\"noopener\">Emirates NBD<\/a> said in its research note.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Prices for housing, water, electricity, gas, and other fuels \u2014 the largest component in the inflation basket \u2014 remained elevated, rising 7.02% in April, slightly down from 7.16% in March but on a downward trajectory since the beginning of the year, moderating to a seven-month low. Furnishing, household equipment and routine household maintenance, along with restaurants and accommodation and recreation, sports, and culture, also recorded slight price growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1720.png?ssl=1\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Fuel prices were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/97c65e82-2275-45d6-a1ff-0ee76501b21c\/this-morning:-hello,-2q-%2B-trump-to-visit-the-uae-in-may\" style=\"\" rel=\"noopener\">slashed<\/a> around 5-6% in April, and while they saw a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49566b5f-4bd3-4d45-a0a7-fa957002224e\/this-morning:%253cmark%253e-fuel%253c%2Fmark%253e-prices-are-up-slightly-in-may-%2B-two-new-potential-ipos-in-the-cards\" style=\"\" rel=\"noopener\">slight uptick<\/a> in May, Super 98 is still 22.8% lower than last year, so fuel is expected to keep inflation moderate this month, Emirates NBD said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Segments seeing deflation: <\/strong>Transport prices, making up just over 9% of the index, slipped further to -7.64 y-o-y in April, compared to -3.34% y-o-y in March. Food and beverages, clothing and footwear, and information and communication, were among the sectors that saw deflation. \u201cThe deceleration was driven by base effects and a sharp drop in transport prices,\u201d National Bank of Kuwait\u2019s Issa Hijazeen told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a monthly basis<\/strong>, prices grew 0.29%, returning back to inflation territory after March saw the first instance of monthly deflation since July 2024, according to monthly figures from the statistics center\u2019s <a target=\"_blank\" href=\"https:\/\/www.dsc.gov.ae\/Report\/Monthly%20Percentage%20Change%202025-%20base2021.pdf\" style=\"\" rel=\"noopener\">monthly inflation report (pdf)<\/a>. A rebound in the prices of restaurant and hotel segments and food prices, led the uptick in monthly inflation, Hijazeen said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Emirates NBD has revised downwards its forecast for inflation to 2.5%, from 2.8% earlier, due to the downward pressure on oil prices expected throughout the year and as other components of the basket show weak price growth, according to the note. Hijazeen agrees, saying that \u201cDubai\u2019s inflation is expected to moderate further, supported by easing housing rents and a potential decline in fuel prices.\u201d The Central Bank of the UAE (CBUAE) had pencilled in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e95173c0-b4ed-49cf-8c38-460f770da475\/cbuae,-icaew-are-upbeat-on-the-uae%25e2%2580%2599s-growth-this-year\" style=\"\" rel=\"noopener\">2.0% inflation rate<\/a> for the country this year, almost matching the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/261164f9-698a-4536-8e53-af67349d9b67\/imf-maintains-the-uae%25e2%2580%2599s-gdp-growth-forecast-at-4%2525\" style=\"\" rel=\"noopener\">IMF recent estimate<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/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=\"103867 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=\"103867\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/103867-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103867\" class=\"content-area-description single-story post-103867 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=\"103868\" 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=\"103868\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/lunate-and-brookfield-launch-a-usd-1-bn-jv-to-invest-in-real-estate\/\">\r\n                            Lunate and Brookfield launch a USD 1 bn JV to invest in real estate                        <\/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\/21\/lunate-and-brookfield-launch-a-usd-1-bn-jv-to-invest-in-real-estate\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Lunate+and+Brookfield+launch+a+USD+1+bn+JV+to+invest+in+real+estate+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F21%2Flunate-and-brookfield-launch-a-usd-1-bn-jv-to-invest-in-real-estate%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\/21\/lunate-and-brookfield-launch-a-usd-1-bn-jv-to-invest-in-real-estate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103869\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/lunate-and-brookfield-launch-a-usd-1-bn-jv-to-invest-in-real-estate\/682-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"682.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/682.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103868\" class=\"content-area-description single-story post-103868 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-investment tag-investment-watch tag-lunate 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\/.8b365ed0-b2f8-45b7-82e5-1815960b9b0a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Lunate a<\/strong><strong>nd Brookfield form a USD 1 bn JV to invest in real estate:<\/strong> Abu Dhabi-based asset manager Lunate and Brookfield Asset Management are launching a USD 1 bn joint venture (JV) focused on residential real estate in the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/lunate.com\/en\/news-insights\/announcements\/brookfield-lunate-launch-1b-residential-joint-venture\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The new venture will focus on developing high-quality build-to-sell and opportunistic buy-to-sell residential assets, <\/strong><span style=\"background-color: transparent;\">across the UAE, Saudi Arabia, and other Middle East markets. The JV will establish a dedicated team to oversee these developments.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lunate will contribute \u201ca significant cornerstone investment to the JV\u201d <\/strong>and will tap into its regional network to support fundraising and commercialization, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not the first time the two firms have linked up:<\/strong> In April 2024, Lunate acquired a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/993cfa06-6832-4ab3-9cb3-ee96efb7c09a\/lunate,-olayan-take-49%2525-stake-in-dubai%25e2%2580%2599s-largest-office-tower\" style=\"\" rel=\"noopener\">24.5% stake<\/a> in ICD Brookfield Place from Brookfield. While financial terms were not disclosed, Bloomberg previously valued the tower at USD 1.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brookfield wants to ramp up its real estate investments in Dubai:<\/strong> It is reportedly considering developing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a0b6a8d6-5a9d-4cd6-b5ce-ec5d24cfc7d2\/this-morning:-masdar-in-talks-with-enel-for-energy-storage-in-italy-%2B%253cmark%253e-brookfield%253c%2Fmark%253e,-temasek,-and-blackstone-eye-dubai-real-estate-amid-soaring-demand\" style=\"\" rel=\"noopener\">mixed-use community<\/a> project following the success of ICD Brookfield Place. The firm\u2019s JV with Dubai Holding, Merex Investment, plans to <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\">redevelop<\/a> La Mer North into an ultra-luxury residential community featuring 225 homes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story also got ink from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-20\/brookfield-lunate-earmark-1-billion-for-mideast-real-estate\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lunate\/\">Lunate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"103870\" 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=\"103870\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/make-it-in-the-emirates-forum-yields-satellite-manufacturing-raw-material-supply-agreements\/\">\r\n                            Make it in the Emirates forum yields satellite manufacturing + raw material supply agreements                        <\/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\/21\/make-it-in-the-emirates-forum-yields-satellite-manufacturing-raw-material-supply-agreements\/\" 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 first day also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7794446a-66d4-4638-8b02-670be1a24a45\" style=\"\" rel=\"noopener\">brought in a slew of agreements<\/a> in manufacturing across several sectors like oilfield services, pharma, and agritech.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a larger push: <\/strong>The UAE is set to pump AED 40 bn (c. USD 10.9 bn) into its industrial base over the next five years, in a bid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1f34c802-87d4-4709-8f0b-0e9312ec8162\" style=\"\" rel=\"noopener\">to grow the sector and localize supply chains<\/a>.<\/p>\n<p class=\"tag-border-left\">SATELLITE MANUFACTURING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Space42 <\/strong><strong>and Adio partner to localize commercial SAR satellite productio<\/strong><strong>n in Abu <\/strong><strong>Dhabi:<\/strong> The Abu Dhabi Investment Office (Adio) has partnered up with spacetech firm Space42 to establish Space42 Space Systems, a facility that will design, assemble, and test SAR satellites for Earth Observation (EO), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1652.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The modular facility will be operated by Space42 and will manage the full assembly, integration, and testing lifecycle, from design to launch readiness. The facility localizes production of advanced EO satellites, marking the first time such capabilities are developed commercially in the region. It will allow the Emirates to independently access and export research and intelligence picked up by the satellite, and will serve as a base to scale up space infrastructure from Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sound smart:<\/strong> SAR satellites provide high-resolution imagery in all weather and light conditions and are used for national security, environmental monitoring, and disaster response.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Space42 has been active this week:<\/strong> Its subsidiary Mira Aerospace opened a high altitude platform station manufacturing facility in Abu Dhabi\u2019s Hameem area <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/079a640a-3f0f-4ee6-a04a-eaa1c89e8bd1\/orbitworks-joins-uae-eo-push\" style=\"\" rel=\"noopener\">this week<\/a>, with production slated for the second half of the year, Space42 Managing Director Karim Sabbagh told <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjrpx9l-space42-first-high-altitude-platform-prototypes\" style=\"\" rel=\"noopener\">Wam<\/a>. The 4.4k sqm plant aims to produce over 20 high-altitude drones annually. Space42 invested USD 10 mn of its own capital into the facility, CEO Khalid Al Marzouqi said in an interview with CNBC Arabia <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/138192\/2025\/20\/05\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D9%85%D9%8A%D8%B1%D8%A7-%D8%A3%D9%8A%D8%B1%D9%88%D8%B3%D8%A8%D9%8A%D8%B3-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%AD%D8%AC%D9%85-%D8%A7%D9%84%D9%85%D8%B5%D9%86%D8%B9-%D9%81%D9%8A-%D8%AD%D9%85%D9%8A%D9%85-%D8%A8%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-4400-%D9%85%D8%AA%D8%B1-%D9%85%D8%B1%D8%A8%D8%B9-%D9%88%D9%86%D8%AE%D8%B7%D8%B7-%D9%84%D8%AA%D9%88%D8%B3%D8%B9%D8%AA%D9%87-%D9%85%D8%B9-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%B7%D9%84%D8%A8\" style=\"\" rel=\"noopener\">(watch, runtime: 3:24)<\/a>. The company plans to prioritize supplying the UAE market before expanding globally. Al Marzouqi said there is potential for a 50% capacity expansion in the next few years, contingent on domestic and international demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Space42 plans to launch partial satellite manufacturing in the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/630bfc13-16b1-48ff-b562-99af112e1f8e\/this-morning:%253cmark%253e-emirates-nbd%253c%2Fmark%253e-is-prepping-an-at1-issuance-%2B-flydubai,-etihad-airways-eye-aircraft-acquisitions\" style=\"\" rel=\"noopener\">this year<\/a>, with full-scale production starting in 2026. The company also partnered with SAR satellite specialist ICEYE <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\">earlier this year<\/a> to support technology transfer and knowledge sharing, and inked an MoU with Edge\u2019s space unit Fada <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> to establish a joint venture focused on developing the Emirates\u2019 first sovereign Earth Observation ecosystem.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is on a satellite manufacturing streak:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/079a640a-3f0f-4ee6-a04a-eaa1c89e8bd1\/orbitworks-joins-uae-eo-push\" style=\"\" rel=\"noopener\">Orbitworks<\/a>, a joint venture between Abu Dhabi\u2019s Marlan and US-based Loft Orbital, is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/079a640a-3f0f-4ee6-a04a-eaa1c89e8bd1\/orbitworks-joins-uae-eo-push\" style=\"\" rel=\"noopener\">developing a 10-satellite Earth observation constellation<\/a> equipped with onboard AI. The satellites will be manufactured and integrated at the company\u2019s 50k sqft facility in Abu Dhabi\u2019s Kezad. <\/p>\n<p class=\"tag-border-left\">RAW MATERIALS + CHEMICALS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>H.B. <\/strong><strong>Fuller sets up shop in Rakez: <\/strong>Global adhesives giant H.B. Fuller has opened a new 15k sqm facility in the Ras Al Khaimah Economic Zone (Rakez), marking a key step in its Middle East expansion, according to a <a target=\"_blank\" href=\"https:\/\/rakez.com\/en\/media-centre\/news-detail\/articleid\/1591\/hb-fuller-opens-strategic-manufacturing-hub-in-ras-al-khaimah-to-serve-mena-region\" style=\"\" rel=\"noopener\">press release<\/a>. Located in the Al Hamra Industrial Zone of Rakez, the plant will manufacture high-performance adhesives and sealants for construction applications, with built-in flexibility for future scaling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast fact: <\/strong>The manufacturing sector now contributes around 30% of Ras Al Khaimah\u2019s GDP, according to Rakez Group CEO Ramy Jallad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Borouge<\/strong> <strong>taps Rox Motor to develop EV materials: <\/strong>Abu Dhabi-based <a target=\"_blank\" href=\"https:\/\/www.borouge.com\/en\/Pages\/home.aspx\" style=\"\" rel=\"noopener\">Borouge<\/a> has inked an agreement with Chinese luxury EV player <a target=\"_blank\" href=\"https:\/\/www.roxmotor.com\/\" style=\"\" rel=\"noopener\">Rox Motor<\/a> to co-develop lightweight, recyclable polyolefin materials for sustainable vehicles, according to a <a target=\"_blank\" href=\"https:\/\/www.borouge.com\/en\/media\/Pages\/News\/ROX-Motor-and-Borouge-Sign-Strategic-Partnership.aspx\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong>The materials will be used in both exterior and interior auto components to boost energy efficiency and performance in various conditions, including desert terrain and urban environments. Borough will supply the polyolefins.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Adnoc Refining<\/strong><strong> will supply Emirates Global Aluminum (EGA) with up to 1.5 mn<\/strong><strong> tons of calcined petroleum coke (petcoke) <\/strong>under a AED 1.8 bn, five-year agreement, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2025\/adnoc-and-ega-sign-500-million-deal-to-localize-supply-of-key-raw-material-in-aluminum-production\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Petcoke? <\/strong>Petcoke is a primary raw material used in the aluminum production process, and Adnoc Refining will supply a minimum of 30% of EGA's annual calcined petcoke requirements from its Ruwais refinery to help boost aluminum exports and reduce reliance on imports.<\/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>ALSO- Schneider Electric will deploy smart manufacturing solutions to help local<\/strong><strong> industries improve operational efficiency, reduce emissions, and integrate into global supply chains <\/strong>under an agreement with the Abu Dhabi Investment Office (Adio), according to a <a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/News\/Abu-Dhabi-Investment-Office-and-Schneider\" style=\"\" rel=\"noopener\">press release<\/a>. The company will deploy energy management systems to accelerate the industrial sector\u2019s energy transition, and will also develop programs alongside Adio to train Emirati talent in digital and industrial skills, with co-funded training for graduates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Schneider Electric and Adio will also assist manufacturers in adopting smart<\/strong><strong> factory technologies<\/strong> through Industrial Technology Transformation Index assessments and proofs-of-concept.<\/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\/adnoc-logistics-and-services\/\">Adnoc Logistics and Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-seer-marine\/\">Al Seer Marine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/borouge\/\">Borouge<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/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\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakez\/\">Rakez<\/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\/ras-al-khaimah-economic-zone\/\">Ras Al Khaimah Economic Zone<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/yas-holding\/\">Yas Holding<\/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=\"103872\" 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=\"103872\">\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\">TRADE &amp; LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/more-supply-chain-and-logistics-agreements-from-make-it-in-the-emirates\/\">\r\n                            More supply chain and logistics 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 href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/more-supply-chain-and-logistics-agreements-from-make-it-in-the-emirates\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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<li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+supply+chain+and+logistics+agreements+from+Make+it+in+the+Emirates+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F21%2Fmore-supply-chain-and-logistics-agreements-from-make-it-in-the-emirates%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\/21\/more-supply-chain-and-logistics-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\/1700.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103873\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/more-supply-chain-and-logistics-agreements-from-make-it-in-the-emirates\/1700-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1700.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1700.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1700.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1700.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103872\" class=\"content-area-description single-story post-103872 post type-post status-publish format-standard has-post-thumbnail hentry category-trade-logistics tag-ad-ports tag-adnoc tag-airbus tag-aviation tag-burjeel-holdings tag-energy tag-ghitha-holding tag-healthcare tag-industry-and-advanced-technology-ministry tag-logistics tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.9aaddc16-93fc-4790-a4f3-3d7908660f23.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The secon<\/strong><strong>d day of Abu Dhabi\u2019s Make it in the Emirates Forum also saw the formation of a new healthcare logistics JV<\/strong>, along with plenty of aviation and marine services agreements.<\/p>\n<p class=\"tag-border-left\"> HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports Group and Burjeel Holdings have partnered up to launch a new healthcare <\/strong><strong>logistics joint venture<\/strong> (JV) dubbed Docktour on the sidelines of Abu Dhabi\u2019s Make it in the Emirates Forum, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/05\/20\/ad-ports-group-and-burjeel-holdings-launch-docktour-at-make-it-in-the-emirates\" style=\"\" rel=\"noopener\">statement<\/a>. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1bb1e7cf-0e15-4a85-9955-ff5a5ce00703\" style=\"\" rel=\"noopener\">pair agreed<\/a> to explore the formation of the new JV for the delivery of medical supplies, equipment and pharma goods across Africa earlier this month.The investment ticket and ownership breakdown was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the cards:<\/strong> The platform aims to modernize medical supply chains, support the development of modular healthcare units \u2014 including container-based hospitals and clinics \u2014as well as construct full-service medical infrastructure in Africa. Docktour also looks to set up a series of medical offices across AD Ports\u2019 existing areas of operation in the continent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what?<\/strong> The new JV will collaborate with Burjeel Holding\u2019s operations and management subsidiary Operonix \u2014 an overseer of several large-scale healthcare projects across Africa. AD Ports will leverage its extensive logistics network in the region to facilitate inland transport and provide specialized warehousing and distribution centers as part of the JV. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A growing market<\/strong>: AD Ports retains an extensive operational portfolio across Africa, including in Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b60fa050-d099-457f-b0e1-32d3a6121196\/%253cmark%253ead-ports%253c%2Fmark%253e-goes-big-in-egypt\" style=\"\" rel=\"noopener\">Port Said<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6be91c44-beff-4338-9bab-ea9fd03954c8\/adp-inks-usd-200-mn-egypt-terminal-agreement.-plus:-news-from-real-estate,-financial-services,-energy,-trade,-and-tourism,-and-more\" style=\"\" rel=\"noopener\">Safaga Terminal<\/a>, Angola\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c4ba9b8c-761f-4e66-8039-e84b067f0065\/%253cmark%253ead-ports%253c%2Fmark%253e-selects-dar-al-handasah-and-mar-construction-to-oversee-construction-at-angola%25e2%2580%2599s-luanda-terminal\" style=\"\" rel=\"noopener\">Lunada Terminal<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d542e405-8e69-4d69-b8c8-8a7aed234ac9\/ad-ports-%2B-cma-cgm-to-develop-new-congo-brazzaville-terminal\" style=\"\" rel=\"noopener\">Congo-Brazzaville<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2cd830d0-e88c-4a55-a7d1-c693631c4fb2\/uae%25e2%2580%2599s-east-africa-gateway-snaps-up-95%2525-stake-in-tanzanian-container-terminal\" style=\"\" rel=\"noopener\">Tanzania<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the local side:<\/strong> The firm will engage with regional health authorities, governments. and humanitarian agencies to deliver critical care during emergencies. Docktour will also support local capacity-building efforts with clinical training programmes and the implementation of data-driven inventory management to minimize delays.<\/p>\n<p class=\"tag-border-left\"> ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Serh<\/strong><strong> Group to deliver equipment<\/strong><strong> to Adnoc: <\/strong>Abu Dhabi National Oil Company (Adnoc) inked an AED 2 bn strategic agreement with Serh Group for the supply of equipment and machinery to support its energy sector projects, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/hamdan-bin-zayed-attends-4th-make-it-in-the-emirates\/\" style=\"\" rel=\"noopener\">statement<\/a>. The equipment will be delivered over a five-year period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s Serh Group?<\/strong> The company is the rebranded oil and gas and logistics services firm <a target=\"_blank\" href=\"https:\/\/adts.ae\/en\" style=\"\" rel=\"noopener\">Al Dhafra Technical Services<\/a>. The company was created through a merger between Delma Cooperative Society and Al Dhafra Cooperative Society. <\/p>\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Airbus to source parts locally:<\/strong> Airbus Defence and Space will source supplies from Edge Group\u2019s subsidiary EPI to manufacture and assemble mobile cargo compartment removable tanks (CCRTs), according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/tawazuncouncil_tawazun-council-and-airbus-announced-during-activity-7330509370079731712-dWEY?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAACYqwTIBgHbxmYBbybv2Ft9Z0HNjwtCXARc\" style=\"\" rel=\"noopener\">statement<\/a>. The tanks will streamline aerial refueling, ground support, and extended-range missions, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bjrpoz3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%AA%D9%88%D8%A7%D8%B2%D9%86-%D9%88%D8%A5%D9%8A%D8%B1%D8%A8%D8%A7%D8%B5-%D9%8A%D8%B9%D8%B2%D8%B2%D8%A7%D9%86-%D8%B4%D8%B1%D8%A7%D9%83%D8%AA%D9%87%D9%85%D8%A7-%D8%A8%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%AA%D8%B5%D9%86%D9%8A%D8%B9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The Industry and Advanced Technology Ministry (MoIAT) will develop<\/strong><strong> a program with Airbus Africa and Middle East to boost industrial capability<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/uae-ministry-of-industry-and-advanced-technology-and-airbus-partner-to-boost-local-aerospace-capabilities-xbiw5ut8\" style=\"\" rel=\"noopener\">statement<\/a>. Under the agreement, the pair will develop a long-term collaboration framework which aligns with domestic industrial needs \u2014 focusing on supplier development, skill exchange, and the amalgamation of local firms into Airbus\u2019 value chain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Sanad <\/strong><strong>acquires Trent 700 engines from Etihad:<\/strong> Mubadala-owned Sanad acquired a batch of Rolls-Royce Trent 700 engines from Etihad Airways, as the carrier retires its A330ceo fleet, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjrpwuu-sanad-etihad-strengthen-aviation-supply-chain-with\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The Trent 700 powers the Airbus A330. Sanad is currently the only independent maintenance, repair, and overhaul (MRO) provider with a long-term partnership with Rolls-Royce for this engine type.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Sanad has been expanding its engine asset base amid rising demand for mid-life platforms and ongoing supply chain delays in new aircraft deliveries. It opened new MRO facilities in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/39c7449c-f20c-4450-9962-a925e14abb1f\/idex-and-navdex-2025-day-2:-bns-worth-of-agreements-signed\" style=\"\" rel=\"noopener\">February<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/167d04c0-aec5-4659-bc95-ec809ebdade3\/masdar-finalizes-its-stake-acquisition-in-epge-solar\" style=\"\" rel=\"noopener\">December<\/a>, following an August partnership with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/28bfb3be-c609-4673-899f-32a9a106c9c9\/%253cmark%253esanad%253c%2Fmark%253e-to-provide-mro-services-on-airbus-engines\" style=\"\" rel=\"noopener\">Airbus<\/a> to provide engine servicing. Sanad currently supports about 25% of the global Trent 700 fleet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- ADNOC L&amp;S to trial Regent transport operations:<\/strong> Adnoc Logistics and Services is running a proof-of-concept trial to evaluate using US-based <a target=\"_blank\" href=\"https:\/\/www.regentcraft.com\/\" style=\"\" rel=\"noopener\">Regent<\/a> \u2019s Viceroy electric seaglider to shuttle staff between land and offshore energy sites, according to a <a target=\"_blank\" href=\"https:\/\/adnocls.ae\/en\/news-and-media\/press-releases\/2025\/seagliders-for-offshore-transportation\" style=\"\" rel=\"noopener\">statement<\/a>. The US-built craft can carry 12 people or 1.6 tonnes of cargo at up to 300 km\/h for routes over 300km and uses a hybrid mode of floating, foiling and flying. The craft cut operational costs by up to 80% when compared with helicopters, and following a trial they would be deployed across Adnoc L&amp;S\u2019 offshore logistics operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local build, local ops: <\/strong>Regent will manufacture the seaglider in the UAE and provide maintenance services from the country as well. The trial will be run by a UAE-based operator. <\/p>\n<p class=\"tag-border-left\"> MARINE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IHC marine solutions subsidiary <\/strong><strong>Al <\/strong><strong>Seer<\/strong><strong> Marine inked a AED 47.6 mn contract to provide<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.albwardydamen.com\/\" style=\"\" rel=\"noopener\">Albwardy Damen<\/a><\/strong> <strong> with interceptor vessels<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1638.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The vessels are set to be delivered within 42 months and will be used as offshore patrol vessels. The boats will be fully designed and built in the UAE. Al Seer recently inked an AED 1.3 bn contract with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c6edd3aa-2241-43a5-a6d1-8057b5431b35\/singapore-based-usd-54-bn-firm-seviora-opens-office-in-abu-dhabi-%2B-adgm-to-develop-tokenization-framework\" style=\"\" rel=\"noopener\">Tawazun Council<\/a> to provide it with naval vessels, and secured two AED 275.2 mn medium-range tankers from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9433bcbb-a898-4f62-96d8-805c2cd7e8d1\/more-direct-flights-to-china-%2B-ihc-eyes-lunate%25e2%2580%2599s-ghaf-benefits-scheme\" style=\"\" rel=\"noopener\">K Shipbuilding Korea<\/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\/ad-ports\/\">AD Ports<\/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\/airbus\/\">Airbus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/burjeel-holdings\/\">Burjeel Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ghitha-holding\/\">Ghitha Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103874\" 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=\"103874\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/mubadala-to-supply-pupuk-with-gas-in-2028\/\">\r\n                            Mubadala to supply Pupuk with gas in 2028                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/mubadala-to-supply-pupuk-with-gas-in-2028\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Some 115 mn mcf\/d will go towards Pupuk\u2019s methanol plant while the remaining 85 mn will be allocated to its ammonia plant. <\/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 timeline: <\/strong><span style=\"background-color: transparent;\">The supply will reach Pupuk\u2019s projects once production at Mubadala\u2019s South Andaman Block kicks off. The facility\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96715b67-b664-4127-8363-7503397f58c5\/mubadala-reveals-gas-discovery-offshore-indonesia\" rel=\"noopener\">Tangkulo-1<\/a><span style=\"background-color: transparent;\"> well is expected to begin production in late 2028 and has more than 2 tn cubic ft (tcf) of gas-in-place potential. Located in the same block, the Layaran-1 well has potential for over 6 tcf of gas-in-place.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Mubadala <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e79f6613-61d3-44f6-a8f9-c03f5aa97f55\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with Indonesia\u2019s Perusahaan Listrik Negara in December to explore power generation from the South Andaman blocks to address Indonesia\u2019s energy demand and for infrastructure development. The company wrapped up its drilling campaign in South Andaman in September and is also developing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6775b33a-ffcc-4393-a8eb-c02bd472f2f3\/mubadala-energy,-harbour-energy-to-develop-central%253cmark%253e-andaman%253c%2Fmark%253e-oil-and-gas-block\" style=\"\" rel=\"noopener\">Central Andaman<\/a> oil and gas block with the UK\u2019s Harbour Energy after signing a development contract with Indonesia\u2019s government.<\/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\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala-energy\/\">Mubadala Energy<\/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=\"103876\" 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=\"103876\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/more-ai-cooperation-with-france\/\">\r\n                            G42 partners with France\u2019s Mistral AI on full-stack AI development                        <\/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\/21\/more-ai-cooperation-with-france\/\" 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\/21\/more-ai-cooperation-with-france\/')\">\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\/21\/more-ai-cooperation-with-france\/\">\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=More AI cooperation with France&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/more-ai-cooperation-with-france\/\">\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\/21\/more-ai-cooperation-with-france\/&title=More AI cooperation with France\">\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=More+AI+cooperation+with+France+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F21%2Fmore-ai-cooperation-with-france%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\/21\/more-ai-cooperation-with-france\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1702.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103877\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/more-ai-cooperation-with-france\/1702-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1702.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1702.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1702.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1702.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103876\" class=\"content-area-description single-story post-103876 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-artificial-intelligence tag-data-center tag-enterpriseam-uae tag-g42 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\/.a937d646-d8da-498e-ae93-5c8c218ed256.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>G42, Mistral AI partner to co-develop next-gen AI stack: <\/strong>State AI firm G42 signed a strategic partnership with Paris-based Mistral AI to co-develop next-generation AI models and infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/resources\/news\/g42-and-mistral-ai-unite-build-next-gen-ai-platforms-and-infrastructures\" style=\"\" rel=\"noopener\">press release<\/a>.The partnership will span the full AI value chain \u2014 from model training and agent development to infrastructure and sector-specific applications \u2014 across Europe, the Middle East, and the Global South.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The agreement will see G42 subsidiaries Core42 and Inception work with Mistral AI to integrate their platforms with a focus on technical autonomy and IP governance. The two firms will also promote each other\u2019s AI offerings in home and international markets. Mistral will also explore collaboration with Mohamed bin Zayed University of AI on frontier model research and talent development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- The UAE is backing France\u2019s new AI data hub: <\/strong><span style=\"background-color: transparent;\">Mistral AI is <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e054972b-bc3f-451b-8965-125be14f5b06\/mgx,-nvidia,-france-to-build-europe%25e2%2580%2599s-biggest-ai-hub\" rel=\"noopener\">working with<\/a><span style=\"background-color: transparent;\"> Abu Dhabi\u2019s MGX, Nvidia, and French partners to develop a 1.4 GW AI data center campus near Paris. The project \u2014 backed by Bpifrance, EDF, Bouygues SA, and Ecole Polytechnique \u2014 is set to go live in phases from 2028, supporting the full AI lifecycle with sovereign cloud and low-carbon compute. It forms part of the UAE\u2019s pledge to <\/span><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\" rel=\"noopener\">invest USD 30-50 bn<\/a><span style=\"background-color: transparent;\"> in French AI and data infrastructure.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- G42\u2019s European footprint is growing elsewhere:<\/strong> The company also announced a partnership <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c847763-bbd7-40ae-aeb2-e0971a5e3fb3\/%253cmark%253eg42%253c%2Fmark%253e-to-help-develop-supercomputer-in-italy\" style=\"\" rel=\"noopener\">earlier this week<\/a> with Italian AI firm iGenius to develop Europe\u2019s largest AI compute deployment \u2014 the Colosseum supercomputer \u2014 in Puglia, with Core42 leading operations.<\/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\/g42\/\">G42<\/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=\"103878\" 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=\"103878\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/abu-dhabi-chamber-names-heads-of-family-business-council-omv-chief-to-step-down-as-of-mid-2026\/\">\r\n                            Abu Dhabi Chamber names heads of Family Business Council + OMV chief to step down as of mid-2026                        <\/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  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          <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/abu-dhabi-chamber-names-heads-of-family-business-council-omv-chief-to-step-down-as-of-mid-2026\/&title=Abu Dhabi Chamber names heads of Family Business Council + OMV chief to step down as of mid-2026\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Dhabi+Chamber+names+heads+of+Family+Business+Council+%2B+OMV+chief+to+step+down+as+of+mid-2026+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F21%2Fabu-dhabi-chamber-names-heads-of-family-business-council-omv-chief-to-step-down-as-of-mid-2026%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1696.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1696.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1696.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1696.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103878\" class=\"content-area-description single-story post-103878 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-borouge tag-enterpriseam-uae tag-moves 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\/.71966b87-4c6b-4c67-aa61-c6051b8a9572.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADCCI <\/strong><strong>hires leads for Abu Dhabi Family Business Council:<\/strong> The Abu Dhabi Chamber of Commerce and Industry (ADCCI) appointed Khaled Al Fahim as chairman and Masood Al Masaood as vice chairman of the newly launched Abu Dhabi Family Business Council, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/abu-dhabi-chamber-appoints-new-leaders-to-strengthen-family-business-council-fqhzpza9\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Backgrounds: <\/strong><span style=\"background-color: transparent;\">Al Fahim, who is a board member at ADCCI and chair of Arady Properties and Ajyad Capital, brings over 20 years of experience in governance, restructuring, and family business leadership. Al Masaood is currently treasurer at ADCCI and vice chairman of Al Masaood Oil and Gas. He is also founder and chairman of Emirates Angels Investors Association.<\/span><\/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>The CEO of Austrian oil and gas firm OMV \u2014 which <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">agreed to merge<\/a><\/strong><strong> its poly<\/strong><strong>olefins business with Adnoc in March \u2014 Alfred Stern said he will not be re-running for a second term<\/strong> at the helm of the business once his term ends on 31 August, 2026, according to a <a target=\"_blank\" href=\"https:\/\/www.omv.com\/en\/media\/press-releases\/2025\/250525-ad-hoc-chairman-and-ceo-alfred-stern-is-not-available-for-another-board-mandate\" style=\"\" rel=\"noopener\">statement<\/a>. Stern oversaw the merger, which is set to be complete in 1Q 2026 and will create Borouge International, a USD 60 bn global polyolefins player set to be the world\u2019s fourth largest. He was CEO for four years, and is credited for the company\u2019s shift away from fossil fuels and towards sustainable fuels and chemicals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>His exit is viewed as \u201cnegative news,\u201d<\/strong> Erste Group said in a research note, though it is viewed to be unrelated to the merger transaction. It is not clear who will be heading the merged entity or who will lead OMV followign his exit. <\/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\/borouge\/\">Borouge<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103880\" 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=\"103880\">\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\/21\/ad-ports-explores-green-energy-storage-jv-with-rotterdams-advario\/\">\r\n                            AD Ports explores green energy storage JV with Rotterdam\u2019s Advario                        <\/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\/21\/ad-ports-explores-green-energy-storage-jv-with-rotterdams-advario\/\" 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 proposed JV would be 51% owned by AD Ports and 49% by Advario.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The venture would focus on storage for clean energy carriers such as ammonia and methanol, and bulk chemicals, pipelines, and other critical infrastructure. Initial plans would include Advario building bulk storage tanks at Khalifa Port and related infrastructure for clients in Kezad.<\/span><\/p>\n<p class=\"tag-border-left\"> RENEWABLES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Innovest<\/strong> <strong>+ Oxon launch USD 400 mn green fuel investment program: <\/strong>Abu Dhabi investment firm <a target=\"_blank\" href=\"https:\/\/innovestholdings.com\/\" style=\"\" rel=\"noopener\">Innovest Holding<\/a> and US-based clean fuel firm <a target=\"_blank\" href=\"https:\/\/www.oxon-tech.com\/\" style=\"\" rel=\"noopener\">Oxon Technologies<\/a> are partnering on a clean fuel investment program to be implemented in the UAE and the US, according to a <a target=\"_blank\" href=\"https:\/\/www.einpresswire.com\/article\/813995123\/oxon-technologies-announces-400-million-clean-fuels-investment-program-with-the-united-arab-emirates\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnership: <\/strong>The ten-year program, backed by USD 400 mn in investments, will see Innovest buy Oxon Tech\u2019s products to export from the UAE. The two sides will also construct two fuel enhancement industrial centers: a manufacturing plant in the US will produce Oxon Tech\u2019s products and be operational by late 2027, while the UAE Center for Clean Fuel Excellence will kick off work to develop new clean fuel formulations in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>EPointZero<\/strong> <strong>buys 1 GWh battery storage system: <\/strong><a target=\"_blank\" href=\"https:\/\/www.2pointzero.com\/companies\/epointzero\" style=\"\" rel=\"noopener\">EPointZero<\/a>, the decarbonization arm of investment platform 2PointZero, acquired a 1 GWh electrostatic energy storage system from renewables outfit Enercap built by supercapacitor-based energy storage manufacturer <a target=\"_blank\" href=\"https:\/\/apexintl.com\/\" style=\"\" rel=\"noopener\">Apex Energy<\/a>, 2PointZero said in a <a target=\"_blank\" href=\"https:\/\/www.2pointzero.com\/news\/epointzero-signs-landmark-1-gigawatt-hour-deal-with-enercap-by-apex-energy-making-this-one-of-the-largest-transactions-in-energy-storage-globally\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The system will be deployed across UAE electrical grids. Enercap\u2019s platform is built on a supercapacitor architecture that offers electrostatic, non-chemical energy storage. The company says that this locally designed and manufactured system is the first large-scale system of its kind globally.<\/p>\n<p class=\"tag-border-left\"> M&amp;A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Al Ain Farms Group consolidates five major food brands:<\/strong><strong>: <\/strong>Five major local brands \u2014 Al Ain Farms, Marmum Dairy, Al Ajban Chicken, Golden Eggs, and Saha Arabian Farms \u2014 have consolidated under Al Ain Farms Group, according to a <a target=\"_blank\" href=\"https:\/\/ghitha.com\/index.php\/Website\/news_read_more\/55\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/ghitha.com\/index.php\/Website\/news_read_more\/55\" style=\"\" rel=\"noopener\">release<\/a>. Backed by Ghitha Holding and Yas Holding, the move is part of a broader push to strengthen national food security and reduce import dependency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to expect: <\/strong>AAFG will operate as a vertically integrated protein and beverages platform, with a five-year roadmap focused on scaling production, expanding R&amp;D, and advancing sustainability across its operations. Planned initiatives include investments in camel milk innovation, no-sugar and no-lactose products, alternative proteins, and sustainable packaging. The group also aims to expand its regional footprint.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The group has big ambitions: <\/strong>AAFG plans to double its annual egg production to 800 mn by the end of 2026 \u2014 positioning it as the largest table egg producer in the GCC \u2014 and increase poultry output from 13 to 19 mn kg per year, CEO Hassan Safi told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/al-ain-farms-egg-production-reduced-prices\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. While fresh exports aren\u2019t a current focus, but AAFG is exploring opportunities to replicate its integrated production model in underdeveloped markets, Safi said, adding that feasibility studies are already underway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>AquaChemie <\/strong><strong>acquires Abu Dhabi chemical plant for AED 100 mn: <\/strong>Jebel Ali-based <a target=\"_blank\" href=\"https:\/\/aquachemie.com\/\" style=\"\" rel=\"noopener\">AquaChemie<\/a> is acquiring Global Chemicals Company, an ICAD-based facility specializing in sulfur trioxide manufacturing and sulphonation, for over AED 100 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/aquachemie-acquires-global-chemical-company-to-advance-uaes-manufacturing-vision-t6pz4a0b\" style=\"\" rel=\"noopener\">press release<\/a>. The 26k sqm site also houses liquid synthesis and blending operations for oilfield chemicals such as corrosion inhibitors, demulsifiers, surfactants, and H2S scavengers \u2014 many of which are typically imported. A research and development center is also in the works.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>AquaChemie recently expanded into chemical manufacturing, adding to its storage and support services. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf5380bf-1849-4d7d-8384-acde84b95834\/difc-and-keyper-roll-out-api-powered-real-estate-data-platform\" style=\"\" rel=\"noopener\">In February<\/a>, it launched AquaChemie Global Chemicals, a USD 25 mn facility in Khalifa Economic Zone Abu Dhabi, aimed at localizing production for Adnoc, oilfield service providers, and sectors like coatings and construction.<\/p>\n<p class=\"tag-border-left\"> COMMODITIES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al <\/strong><strong>Dahra and Getreide AG partner on Ukraine grain supply: <\/strong>ADQ-backed agribusiness Al Dahra has inked an agreement with Ukraine's Getreide AG to establish direct grain supply operations from Ukraine, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/56028\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. Al Dahra will get direct access to Ukraine\u2019s grain market through the agreement, which promises an initial supply of between 100k and 150k metric tons of grains, and the potential to up this to 500k metric tons. Al Dahra and Getreide AG are targeting operational integration by July of this year, before the start of the 2025 harvest season.<\/p>\n<p class=\"tag-border-left\"> STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Emirates <\/strong><strong>Development Bank (EDB) has rolled out a startup accelerator focused on <\/strong><strong>industrial startups and SMEs, dubbed the Make it in the Emirates Accelerator<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/moiat-and-edb-unveil-make-it-in-the-emirates-accelerator-to-power-the-next-vave-of-industrial-startups-tvbzhyww\" style=\"\" rel=\"noopener\">press release<\/a>. Developed with the Industry and Advanced Technology Ministry, the accelerator will offer technical expertise, market access, and mentorship. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- RIIG rebrands + secures UAE funding for AI health tech and ins. automation:<\/strong> American cybersecurity firm <a target=\"_blank\" href=\"https:\/\/www.riigtech.com\/\" style=\"\" rel=\"noopener\">Riggleman Information &amp; Intelligence Group<\/a> (RIIG) rebranded as HOOTL (Humans Out of the Loop) following a \u201csignificant\u201d funding round led by UAE investors, according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250518622401\/en\/RIIG-Expands-Presence-in-Middle-East-With-New-Round-of-Funding?utm_campaign=shareaholic&amp;utm_medium=linkedin&amp;utm_source=socialnetwork\" style=\"\" rel=\"noopener\">press release<\/a>. The undisclosed investment will support its shift to AI-driven health technology and ins. automation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HOOTL will set up shop with a UAE office<\/strong>, with plans to strike partnerships with local public, private, and academic players. The company has already discussed collaborations with UAE leaders and a regional tech group, focusing on AI, healthcare innovation, and digital infrastructure, the statement said, without disclosing names.<\/p>\n<p class=\"tag-border-left\"> TELECOMS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e&amp;<\/strong><strong> UAE has rolled out the Middle East's first commercial 5G network slicing product for<\/strong><strong> businesses<\/strong>, operating on a standalone 5G network, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjrpwv2-uae-unleashes-region%E2%80%99s-first-slicing-technology\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Network slicing enables businesses to prioritize low-latency connectivity or IoT solutions for smart infrastructure. <\/p>\n<p class=\"tag-border-left\"> BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UBS <\/strong><strong>to open office in Abu Dhabi: <\/strong>Swiss banking group UBS is opening a new office in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-20\/ubs-to-open-abu-dhabi-office-as-more-clients-move-to-mideast\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing comments made by the bank\u2019s EMEA president Beatriz Martin Jimenez at the Qatar Economic Forum. It already operates branches in Dubai. She pointed to the region\u2019s appeal for wealthy individuals relocating from high-tax jurisdictions like the UK. <\/p>\n<p class=\"tag-border-left\"> FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Swiss <\/strong><strong>Tradition set up shop in ADGM:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.tradition.com\/\" style=\"\" rel=\"noopener\">Tradition<\/a>, the interdealer broking arm of Compagnie Financi\u00e8re Tradition, has opened an office in the ADGM after securing a Financial Services Permission from ADGM\u2019s Financial Services Regulatory Authority, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjrpwxx-tradition-interdealer-broker-opens-office-adgm\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The firm provides brokerage services for over-the-counter derivatives, commodities, and financial instruments to clients.<\/p>\n<p class=\"tag-border-left\"> REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AHS launches AED 2.8 bn development: <\/strong>Luxury real estate developer AHS Properties has launched its AED 2.8 bn waterfront development Casa AHS along Dubai Water Canal, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ahs-to-launch-750mln-casa-ahs-on-dubai-water-canal-bxtnkn1z\" style=\"\" rel=\"noopener\">press release<\/a>. The project will feature 32 residential units designed to cater to high-end buyers, ranging from 5.1k sq ft to 29.7k sq ft, as well as amenities including private garages and EV charging stations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the pipeline: <\/strong>AHS plans to deploy USD 5 bn in gross development value this year, the statement read.<\/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\/2pointzero\/\">2PointZero<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-dahra-group\/\">Al Dahra Group<\/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\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e-uae\/\">e&amp; 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Recent inflows pushed EM ETFs into the green YTD for the first time since April, with USD 1.8 bn worth of inflows pushing the collection of ETFs to a net positive of USD 880.4 mn<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">\u201cAfter years of being unloved and overlooked, EM equities are seeing significant<\/strong><strong style=\"background-color: transparent;\"> demand<\/strong><span style=\"background-color: transparent;\"> as allocators step up their need for geographical diversification,\u201d said Global X portfolio manager Malcom Dorson. <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e559318-6cba-4c04-b732-c0076a82984f\/moody%25e2%2580%2599s-strips-us-of-last-aaa-credit-rating-on-rising-debt-concerns\" rel=\"noopener\">Moody\u2019s downgrading the US\u2019 sovereign credit rating by one notch to AA1<\/a><span style=\"background-color: transparent;\"> has added \u201cfuel to the fire, and we think this rally is sustainable,\u201d he added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growing risk appetite drove the Avantis Emerging Markets Equity EFT to record inflows <\/strong><strong>upwards of USD 1 bn last week<\/strong> \u2014 marking its best ever week and accounting for more than half of EM ETFs listed stateside.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But zooming into which EM assets have become the most attractive, China is the clear <\/strong><strong>front runner<\/strong>, with inflows reaching USD 669.1 mn last week following a temporary trade war truce between the US and the world\u2019s factory. With trade war concerns at bay \u2014 for now at least \u2014 traders are now pricing in a much lower possibility of a coming global recession, which is good news for emerging market stocks.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning. <\/strong>The Shanghai Composite is up 0.1%, the Hang Seng and Kospi are both in the green, looking at gains of 0.4% and 0.7%, respectively. Meanwhile, Japan\u2019s Nikkei is down 0.2%. <\/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\">9,707<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +3.1%)<\/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>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\">5,467<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,527<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +8.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% 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\">4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,438<\/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: -5.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,629<\/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\">+0.9% (YTD: +6.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,940<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,781<\/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\">+0.9% (YTD: +7.4%)<\/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>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\">5,455<\/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: +11.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 65.38<\/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 3.43<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,307<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 106,085<\/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: +13.4%)<\/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>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-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>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\">143.0<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">18.09<\/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: +4.3%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.4% yesterday<\/strong> on turnover of AED 1.4 bn. The index is up 3.1% 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>Abu Dhabi National Takaful Co (+13.1%), Hayah Ins. (+6.4%) and Rak Co for White Cement &amp; Construction Materials (+3.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Aram Group (-2.9%), Gulf Cement Co (-2.9%) and Presight AI Holding (-2.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.4% on turnover of AED 613.9 mn. Meanwhile, Nasdaq Dubai rose 0.4%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etfs\/\">ETFs<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103884\" 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\/21\/103884-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103884\" class=\"content-area-description single-story post-103884 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>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>20-21 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=\"\">Crypto Expo 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>, Jumeirah Emirates Towers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 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>1-6 September<\/span><span> (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifashionweek.org\/\" style=\"\">Dubai Fashion Week<\/a><\/span><span style=\"font-weight:400;\">, Dubai Design District. <\/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 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 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>Lunate, Brookfield launch real estate JV | G42, Mistral partner on AI | Logistics, manufacturing, supply chain agreements from Make it in the Emirates<\/p>\n","protected":false},"featured_media":103859,"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-103858","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3e408925-9f49-44da-ba1f-e10c3a86aee2","teaser":"Lunate, Brookfield launch real estate JV | G42, Mistral partner on AI | Logistics, manufacturing, supply chain agreements from Make it in the Emirates","photo_url":"https:\/\/ent.news\/2024\/10\/550.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) 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