{"id":103903,"date":"2025-05-22T00:00:00","date_gmt":"2025-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=103903"},"modified":"2025-12-15T03:50:27","modified_gmt":"2025-12-15T03:50:27","slug":"dubai-holding-reit-raises-aed-2-1-bn-plus-bns-worth-of-localization-agreements-at-make-it-in-the-emirates","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/dubai-holding-reit-raises-aed-2-1-bn-plus-bns-worth-of-localization-agreements-at-make-it-in-the-emirates\/","title":{"rendered":"Dubai Holding REIT raises AED 2.1 bn. PLUS: Bns worth of localization agreements at Make It in the Emirates"},"content":{"rendered":"<section id=\"103905\" 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=\"103905\">\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\/22\/this-morning-india-restricts-gold-and-silver-imports-from-the-uae-make-it-in-the-emirates-wraps-today\/\">\r\n                            THIS MORNING: India restricts gold and silver imports from the UAE + Make It in the Emirates wraps today                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/this-morning-india-restricts-gold-and-silver-imports-from-the-uae-make-it-in-the-emirates-wraps-today\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We have the rundown of the highlights from day three in the news well, below, along with the latest on <strong>Dubai Holding\u2019s residential REIT IPO,<\/strong> which raised AED 2.1 bn, <strong>new industrial zones in Kezad and Rakez<\/strong>, and the lowdown on <strong>Dubai\u2019s Virtual Assets Regulatory Authority\u2019s new (stricter) rules for crypto firms<\/strong>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5WEATHER<\/strong><strong>- <\/strong><strong>It\u2019s another scorching hot day<\/strong>, with <strong>Dubai <\/strong>seeing highs of 41\u00b0C, cooling to 30\u00b0C over night, while<strong> Abu Dhabi <\/strong>is set to hit 35\u00b0C with a nighttime low of 29\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- Another hurdle for gold exports to India: <\/strong>India is enforcing stricter oversight over imports of raw, semi-finished, and powered gold and silver from the UAE, <a target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/restrictions-on-dubai-gold-india-tightens-gold-and-silver-imports-from-uae-to-curb-misuse-of-trade-loopholes\/articleshow\/121286114.cms\" style=\"\" rel=\"noopener\">Times<\/a><a target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/restrictions-on-dubai-gold-india-tightens-gold-and-silver-imports-from-uae-to-curb-misuse-of-trade-loopholes\/articleshow\/121286114.cms\" style=\"\" rel=\"noopener\">of India<\/a> reports. Only vetted agencies, approved jewellers, and holders of official tariff quotas will be allowed to bring in shipments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now? <\/strong>The move comes after importers allegedly mislabeled 99% pure gold as platinum alloy to benefit from lower customs duties. In response, Indian authorities introduced a harmonized system code for high-purity platinum to close the loophole.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/43973ea1-4e08-43f2-a53a-2f0d62dfc05c\/this-morning:-indian-importers-cease-imports-of-silver-and-platinum-from-the-uae-%2B-chilean-president-to-visit-the-uae-next-week\" style=\"\" rel=\"noopener\">Last July<\/a>, the Indian government slashed import duties on gold and silver from 15% to 6%, below the tax agreed between the UAE and India under their economic partnership agreement, making it less appealing to importers. The country has also terminated its no-duty imports of platinum from the UAE. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5f7d1a8d-adae-4ac3-b010-c86899e440a2\/india-to-review-trade-agreement-with-the-uae-to-revisit-duties-and-rules-of-origin-%2B-esg-summit-kicks-off-in-dubai\" style=\"\" rel=\"noopener\">In August<\/a>, India formally requested a CEPA review meeting with the UAE, citing growing concerns over rules of origin, concessional tariff abuse, and insufficient value addition in UAE exports of gold or silver.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- M<\/strong><strong>ubadala Energy<\/strong><strong> is willing to supply all its natural gas from its South Andaman<\/strong><strong> block <\/strong><strong>to Indonesia if given an attractive price<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/mubadala-energy-ready-sell-south-andaman-gas-indonesia-if-price-is-right-2025-05-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing Mubadala Energy Indonesia president director Abdulla Bu Ali\u2019s comments to reporters. The country is trying to meet growing domestic demand, but most LNG producers have prioritized exports due to restrictive local price caps.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala is still considering exports as well, but more competitive gas prices would make domestic supply more enticing<\/strong>, Bu Ali added. Indonesia currently caps its domestic gas prices for some industries and power plants at USD 6.5-7 per mn British thermal units (mmBtu), which is low relative to Asia\u2019s spot LNG prices of USD 11.75 per mmBtu last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Mubadala is already supplying a portion of its resources to Indonesia: <\/strong>Mubadala signed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/566c33d9-fc16-4095-ba6a-1b441f03fafd\/mubadala-to-supply-pupuk-with-gas-in-2028\" style=\"\" rel=\"noopener\">initial agreement<\/a> earlier this week to provide 200 mn standard cubic feet per day (mcf\/d) of gas to Indonesian state fertilizer producer Pupuk Indonesia from its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96715b67-b664-4127-8363-7503397f58c5\/mubadala-reveals-gas-discovery-offshore-indonesia\" style=\"\" rel=\"noopener\">Tangkulo-1 well<\/a>. The company wrapped up its drilling campaign in South Andaman in September and is also developing the Central Andaman oil and gas block with the UK\u2019s Harbour Energy after signing a development contract with Indonesia\u2019s government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3-<\/strong><strong> Inves<\/strong><strong>tment firm Actis is in talks to invest in data centers in Saudi Arabia and<\/strong><strong> the <\/strong><strong>UAE, <\/strong>Actis\u2019 Head of the Middle East and Africa division Sherif Elkholy told Ashraq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/technology\/83556\/actis-%D8%AA%D8%AC%D8%B1%D9%8A-%D9%85%D8%AD%D8%A7%D8%AF%D8%AB%D8%A7%D8%AA-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A8%D9%85%D8%B1%D8%A7%D9%83%D8%B2-%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">watch, runtime: 7:19<\/a>). \u201cThe UAE and Saudi Arabia markets are very attractive for us and present several opportunities that we are currently assessing,\u201d Elkholy said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm is eyeing investments across various sectors in the GCC<\/strong>, including renewables, with its existing portfolio in the region valued at around USD 500 mn. ElKholy added that Actis is pursuing an expansionary strategy in Africa and the Middle East, with plans to scale up its presence in key markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Actis is reportedly considering investing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0b5b7f9f-1f51-4f84-bc5e-927009778822\/this-morning:-uae-listed-stocks-top-usd-1-tn-in-market-value-%2B-masdar,-nmdc-energy-eye-expansion\" style=\"\" rel=\"noopener\">hundreds of mns of USD<\/a> in growth capital behind its stakes in the UAE companies, including <a target=\"_blank\" href=\"https:\/\/www.act.is\/2022\/07\/29\/actis-agrees-to-acquire-a-controlling-stake-in-leading-mea-commercial-and-industrial-renewables-platform-yellow-door-energy\/\" style=\"\" rel=\"noopener\">Yellow Door Energy<\/a> and Emirates District Cooling (<a target=\"_blank\" href=\"https:\/\/www.act.is\/about-us\/portfolio\/emicool\/\" style=\"\" rel=\"noopener\">Emicool<\/a>). The firm acquired controlling stakes in both companies back in 2022.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he <\/strong><strong>UAE\u2019s e-commerce market hit<\/strong><strong> USD 8.8 bn in 2024 and is projected to exceed <\/strong><strong>USD <\/strong><strong>13.8 bn <\/strong><strong>by 2029<\/strong>, according to EZDubai and Euromonitor International\u2019s latest E-Commerce in the MENA Region 2024 <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1789.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. Growth is being driven by a tech-savvy population, expanding digital infrastructure, and rising digital wallet adoption. Buy now, pay later services are also gaining traction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top sellers: <\/strong>Top-selling categories in 2024 included apparel and footwear (USD 2.6 bn), consumer electronics (USD 2.1 bn), and home care (USD 1.1 bn), with no-charge deliveries and returns cited as major purchasing drivers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MENA e-commerce market grew 13% y-o-y to<\/strong><strong> USD 34.5 bn in 2024<\/strong>, and is forecast to reach USD 57.8 bn by 2029, led by strong demand in the UAE, Saudi Arabia, Oman and Algeria.<\/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 final 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- <\/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 third and final day <\/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>#3-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/cryptoexpodubai.com\/dubai\" style=\"\" rel=\"noopener\">Crypto Expo Dubai<\/a><\/strong><strong> is on its second and final day <\/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\">\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>Another dramatic White House meeting unfolded yesterday<\/strong>, as President Trump <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-south-africa-oval-office-drama-0080e7c7288860bd0511b8cc4efd06f6\" style=\"\" rel=\"noopener\">dimmed<\/a><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-south-africa-oval-office-drama-0080e7c7288860bd0511b8cc4efd06f6\" style=\"\" rel=\"noopener\">the lights<\/a> in the Oval Office to watch a video of what he claimed was evidence of genocide and \u201chorrible death\u201d of white farmers in South Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>His guest \u2014 South Africa\u2019s Cyril Ramaphosa \u2014 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/05\/21\/2025\/south-africas-ramaphosa-readies-for-trump-talks\" style=\"\" rel=\"noopener\">rejected the claims<\/a><\/strong> made in the video and a stack of papers Trump shuffled through, albeit in a calm, less confrontational manner than the full-display tussle with Ukraine\u2019s Zelenskyy last February. Ramaphosa tried to get the conversation back on track to focus on trade relations with the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF THE US-<\/strong> <strong>The Trump administration <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/21\/trump-qatar-boeing-jet.html\" style=\"\" rel=\"noopener\">formally accepted<\/a><\/strong><strong> Qatar\u2019s USD 400 mn <\/strong><strong>Being 747 jet<\/strong>, gifted to be used as the President\u2019s Air Force One. He will not be using it any time soon, though \u2014 <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/politics\/national-security\/turning-qatari-747-air-force-one-cost-1-billion-take-years-experts-say-rcna206582\" style=\"\" rel=\"noopener\">experts put the cost<\/a> of installing the necessary systems at over USD 1 bn, with the process taking years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cI am sorry I don\u2019t have a plane to give you<\/strong>,\u201d Ramaphosa said when Trump was asked about the jet by reporters during the meeting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- <\/strong>Pressure on Israel is mounting after the military <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/05\/21\/middleeast\/diplomats-israeli-fire-west-bank-intl\" style=\"\" rel=\"noopener\">fired shots at a delegation<\/a><a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/05\/21\/middleeast\/diplomats-israeli-fire-west-bank-intl\" style=\"\" rel=\"noopener\">of Arab and European diplomats<\/a> near the Jenin refugee camp in the West Bank, triggering wide international backlash. Meanwhile, Israeli PM Netanyahu said <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/05\/21\/middleeast\/mohammed-sinwar-probably-killed-israel-claims-latam-intl\" style=\"\" rel=\"noopener\">Israel \u201cprobably\u201d killed<\/a> Hamas\u2019 de factor leader Mohammed Sinwar, and vowed to establish complete control over Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN TECH-<\/strong> <strong>OpenAI will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/05\/21\/technology\/openai-jony-ive-deal.html\" style=\"\" rel=\"noopener\">fully acquire AI startup IO<\/a><\/strong><strong> \u2014 <\/strong>founded a year ago by ex-Apple executive John Ivy \u2014 for USD 6.5 bn, its largest transaction to date. Ivy and his team will <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-21\/openai-to-buy-apple-veteran-jony-ive-s-ai-device-startup-in-6-5-billion-deal\" style=\"\" rel=\"noopener\">join OpenAI to work on \u201ca new family of products\u201d<\/a> designed to bring artificial general intelligence into physical, everyday-use gadgets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- US export controls on semiconductors <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/05\/21\/2025\/nvidia-ceo-says-us-chip-export-controls-on-china-are-a-failure\" style=\"\" rel=\"noopener\">\u201cbackfired,\u201d<\/a><\/strong> Nvidia CEO Jensen Huang said yesterday, adding they encouraged China\u2019s companies to accelerate development. <strong>More on this in today\u2019s Planet Finance, below. <\/strong><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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              <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103908\" 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=\"103908\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/dubai-holding-raises-aed-2-1-bn-from-residential-reit-ipo\/\">\r\n                            Dubai Holding raises AED 2.1 bn from residential REIT IPO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div 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            \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\/22\/dubai-holding-raises-aed-2-1-bn-from-residential-reit-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1908.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103909\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/dubai-holding-raises-aed-2-1-bn-from-residential-reit-ipo\/1908-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1908.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1908.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1908.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1908.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103908\" class=\"content-area-description single-story post-103908 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-capital-markets tag-dfm tag-dubai-holding tag-enterpriseam-uae tag-ipo tag-ipo-watch tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.ee4aba8c-1fad-45d1-b5f1-3fb0d6244037.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai Residen<\/strong><strong>tial REIT raised AED 2.1 bn (USD 584 mn) from its IPO<\/strong>, after pricing its IPO at the top of the range at AED 1.10 per unit following huge demand from investors, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1867.pdf\" style=\"\" rel=\"noopener\">statement (pdf).<\/a> This gives the REIT a market cap of AED 14.3 bn (USD 3.9 bn) ahead of its upcoming debut on the Dubai Financial Market (DFM). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IPO was over 26x oversubscribed<\/strong>, with total demand from both retail and institutional investors crossing AED 56 bn (USD 15 bn), prompting the fund manager to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cbfd0257-ee01-4c95-9e10-2ddf8df65061\/%25d8%25af%25d8%25a8%25d9%258a-%25d8%25a7%25d9%2584%25d9%2582%25d8%25a7%25d8%25a8%25d8%25b6%25d8%25a9-%25d8%25aa%25d8%25b1%25d9%2581%25d8%25b9-%25d8%25ad%25d8%25ac%25d9%2585-%25d8%25b7%25d8%25b1%25d8%25ad-%25d8%25b5%25d9%2586%25d8%25af%25d9%2588%25d9%2582%25d9%2587%25d8%25a7-%25d8%25a7%25d9%2584%25d8%25b3%25d9%2583%25d9%2586%25d9%258a-%25d9%2584%25d9%2584%25d8%25a7%25d8%25b3%25d8%25aa%25d8%25ab%25d9%2585%25d8%25a7%25d8%25b1-%25d8%25a7%25d9%2584%25d8%25b9%25d9%2582%25d8%25a7%25d8%25b1%25d9%258a-%25d9%2586%25d8%25b8%25d8%25b1%25d8%25a7-%25d9%2584%25d9%2582%25d9%2588%25d8%25a9-%25d8%25a7%25d9%2584%25d8%25b7%25d9%2584%25d8%25a8\" style=\"\" rel=\"noopener\">upsize the offering to 15%<\/a>, up from 12.5% of the REIT\u2019s total unit capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The REIT will begin trading on the DFM on 28 May. The selling shareholder will be subject to a 180-day lock-up period from the first day of trading.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Emirates NBD Capital, Morgan Stanley and Citigroup are quarterbacking the transaction as joint global coordinators, with Abu Dhabi Commercial Bank, Arqaam Capital and First Abu Dhabi Bank acting as joint bookrunners on the transaction. Deloitte & Touche is auditor, while Ibrahim & Partners is legal counsel. Receiving agents include Emirates NBD Bank, Mashreq Bank, First Abu Dhabi Bank, and Emirates Islamic Bank, among others<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN THE UAE PIPELINE:<\/strong><\/p>\n<ul>\n<li><strong>Dubai Holding<\/strong> is said to be mulling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">a second IPO<\/a> for a portfolio of commercial real estate assets, including malls, hotels, and theme parks.<\/li>\n<li>ADQ-backed <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f2f7e8b6-e565-454f-8666-c712bcb4a127\/this-morning:%253cmark%253e-etihad-airways%253c%2Fmark%253e-ready-for-an-ipo-but-does-not-need-the-cash,-ceo-says-%2B-adia-eyes-sale-of-50%2525-stake-in-ifco\" style=\"\" rel=\"noopener\">Etihad Airways<\/a><\/strong> is also planning to hit the ADX;<\/li>\n<li>Family-owned property developer <strong>Arabian Construction Company<\/strong> (ACC) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2891ea32-f405-482f-853e-21ad2ee3d140\/arabian-construction-company-taps-hsbc,-fab-for-its-upcoming%253cmark%253e-ipo%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">reportedly enlisted<\/a> HSBC and First Abu Dhabi Bank to advise on its upcoming IPO due in 2H;<\/li>\n<li><strong>Dubizzle<\/strong> and <strong>Property Finder<\/strong> are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c8aa0268-2c28-4080-9810-353b4fc0ef1a\/dubizzle,-property-finder-are-gauging-investor-interest-ahead-of-potential-ipos\" style=\"\" rel=\"noopener\">gauging investor appetite<\/a> ahead of potential listings;<\/li>\n<li>Abu Dhabi conglomerate International Holding Company\u2019s investment arm <strong>2PointZero<\/strong> is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">gearing up<\/a> for an IPO on the ADX;<\/li>\n<li><strong>Abu Dhabi Investment Group (ADIG)<\/strong> is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">eyeing listings<\/a> for its financial unit and energy subsidiary this year;<\/li>\n<li>Hospitality group <strong>Five Holdings<\/strong> also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">tapped<\/a> advisors for a potential listing;<\/li>\n<li><strong>Amanat Holdings<\/strong> is planning to list its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e11209cb-2436-465a-8a18-8f9e15410aac\/%253cmark%253eamanat%253c%2Fmark%253e-holdings-to-discuss-potential-ipo-of-education-unit-today\" style=\"\" rel=\"noopener\">education<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare<\/a> units;<\/li>\n<li>PIF-backed California firm <strong>CloudKitchens<\/strong> is reportedly eyeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49566b5f-4bd3-4d45-a0a7-fa957002224e\/this-morning:-fuel-prices-are-up-slightly-in-may-%2B-two-new-potential-ipos-in-the-cards\" style=\"\" rel=\"noopener\">an IPO<\/a> in Saudi and\/or the UAE for its Middle East unit, while Dubai-based grocery ecommerce platform <strong>Kibsons International<\/strong> plans to IPO in the next few years;<\/li>\n<li>Shisha producer <strong>Advanced Inhalation Ritual<\/strong> is also rumored to potentially IPO.<\/li>\n<\/ul>\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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-holding\/\">Dubai Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It\u2019s the third day of Make It in the Emirates<\/strong>, and we have bns of AED in new agreements from the likes of Adnoc, Tawazun Council, NMDC Energy, and the International Holding Company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL AND GAS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc inks AED 6 bn local manufacturing agreements: <\/strong>Abu Dhabi National Oil Company (Adnoc) has signed AED 6 bn in framework agreements with 12 UAE-based manufacturers to locally produce pressure vessels and cables, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjsbcjd-adnoc-signs-aed6-billion-framework-agreements\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreements fall under the UAE\u2019s in-country value (ICV) program and are expected to create up to 1.3k skilled private-sector jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s involved? <\/strong>The nine companies set to manufacture ten types of pressure vessels are <a target=\"_blank\" href=\"https:\/\/www.adosuae.com\/locations\/ados-engineering-industries\/\" style=\"\" rel=\"noopener\">Abu Dhabi Oilfield Services Engineering Industries<\/a>, <a target=\"_blank\" href=\"https:\/\/www.euromechanical.com\/\" style=\"\" rel=\"noopener\">Euro Mechanical<\/a>, <a target=\"_blank\" href=\"https:\/\/www.arabian-industries.net\/\" style=\"\" rel=\"noopener\">Arabian Industries<\/a>, <a target=\"_blank\" href=\"https:\/\/bergengg.com\/\" style=\"\" rel=\"noopener\">Berg Industries<\/a>, equipment manufacturer <a target=\"_blank\" href=\"https:\/\/www.metalfabme.com\/\" style=\"\" rel=\"noopener\">MetalFab Middle East<\/a>, <a target=\"_blank\" href=\"https:\/\/micodapsi.com\/\" style=\"\" rel=\"noopener\">Micoda Process Systems International Company<\/a>, pressure vessel manufacturer <a target=\"_blank\" href=\"https:\/\/www.nash-eng.com\/\" style=\"\" rel=\"noopener\">Nash Engineering<\/a>, <a target=\"_blank\" href=\"https:\/\/www.polarspec.com\/\" style=\"\" rel=\"noopener\">Polar Specialized Industries<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.umworks.ae\/\" style=\"\" rel=\"noopener\">United Metal Works<\/a>. Three cable manufacturers \u2014 <a target=\"_blank\" href=\"https:\/\/ducab.com\/\" style=\"\" rel=\"noopener\">Dubai Cable<\/a> (Ducab), <a target=\"_blank\" href=\"https:\/\/markcables.com\/\" style=\"\" rel=\"noopener\">Mark Cables<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.nci.ae\/\" style=\"\" rel=\"noopener\">National Cables Industry<\/a> \u2014 will produce four types of cables. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026and where? <\/strong>Production will span industrial zones in Abu Dhabi, Dubai, Sharjah, and Umm Al Quwain, including ICAD, Kezad, Dubai Industrial Park, and Jafza. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Adnoc plans to procure AED 90 bn worth of locally manufactured products by 2030, as part of a broader push to inject <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f485310-a3c9-4c1e-a02e-cba776c56e64\/adnoc-sets-up-low-carbon-energy-and-chemicals-investment-unit\" style=\"\" rel=\"noopener\">AED 200 bn<\/a> into the national economy over the next five years. Its ICV program \u2014 which incentivizes supply chain localization and foreign investment \u2014 has already contributed AED 242 bn to the UAE economy since 2018 and supported the hiring of 17k Emiratis in the private sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>NMDC Energy signs<\/strong><strong> pipeline MoUs with Al Gharbia, Jiangsu Juxin: <\/strong>NMDC Energy signed an MoU with Abu Dhabi-based pipe company Al Gharbia to expand pipeline manufacturing in the UAE, aiming to meet growing local and regional demand, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1830.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. Meanwhile, its parent company NMDC Group inked a separate MoU with China\u2019s Jiangsu Juxin Petroleum Steel Pipe to explore establishing fabrication facilities in the UAE for pipes used in the dredging sector, according to another bourse <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1831.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tawazun and Thales to localize surveillance radar production: <\/strong>Tawazun Council and Thales have signed an agreement to manufacture ground master air surveillance radars in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.tawazun.gov.ae\/en\/tawazun-council-and-thales-sign-agreement-to-establish-ground-master-air-surveillance-radar-production-facility-in-uae\/\" style=\"\" rel=\"noopener\">press release<\/a>. Ground master surveillance radars are typically used to monitor activity around critical infrastructure areas like airports, oil refiners, and military bases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline and details: <\/strong>The radar production facility, which will assemble, test, and qualify radars, is set to begin operations by 2027. The partnership includes plans to qualify UAE suppliers to strengthen the national industrial base.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The two companies agreed to support 20 local suppliers through a AED 600 mn package<\/strong>, with a focus on suppliers working in printed circuit board assembly, electromechanical systems, pre-assembled cabling, and precision machining, according to a separate <a target=\"_blank\" href=\"https:\/\/www.tawazun.gov.ae\/en\/tawazun-council-and-thales-sign-agreement-to-support-emirati-suppliers-with-aed-600-million-work-packages-under-the-go-to-uae-program\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Edge<\/strong><strong> subsidiary taps<\/strong><strong> South African firm for specialized vehicle production<\/strong><strong>:<\/strong> Edge Group advanced equipment supplier subsidiary Trust inked an MoU with South Africa-based secure vehicle producer ADG Mobility to cooperate in the development of specialized protected vehicles in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-signs-mou-adg-mobility-manufacture-specialised-land-systems-equipment-uae\" style=\"\" rel=\"noopener\">press release<\/a>. Under the MoU, the pair will establish a framework to design, develop, and manufacture specialized ground systems equipment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- NMDC Energy and China\u2019s Hilong sign MoU to explore UAE and Saudi ventures: <\/strong>NMDC\u2019s engineering, procurement, and construction unit NDMC Energy inked an MoU with Chinese R&D-focused manufacturing firm Shanghai Hilong Shine New Materials (Hilong) to explore joint ventures in the UAE and Saudi Arabia, with a focus on industrial coatings and anti-corrosion materials, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1787.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Hilong focuses on oil country tubular goods, pipeline coating technologies, and concrete weight coating. No financial terms or timelines have been disclosed yet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>EEF <\/strong><strong>partners with UCS on zero-waste construction system:<\/strong> Dubai Investments subsidiary Emirates Extrusion Factory (EEF) has signed an MoU with UCS Green Solutions Building and Construction Materials Trading to manufacture a green curtain wall system, which is designed to eliminate material waste during construction, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1815.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. EEF will serve as the exclusive manufacturer of the system, developed by UCS.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Liwa <\/strong><strong>Shipbuilding to deliver six landing craft for KFS: <\/strong>Abu Dhabi-based <a target=\"_blank\" href=\"https:\/\/www.liwasb.com\/\" style=\"\" rel=\"noopener\">Liwa<\/a><a target=\"_blank\" href=\"https:\/\/www.liwasb.com\/\" style=\"\" rel=\"noopener\">Shipbuildin<\/a><a target=\"_blank\" href=\"https:\/\/www.liwasb.com\/\" style=\"\" rel=\"noopener\">g<\/a> has signed a AED 120 mn agreement with local ship operator <a target=\"_blank\" href=\"https:\/\/khalidfarajshipping.com\/\" style=\"\" rel=\"noopener\">Khaled Faraj Shipping (KFS)<\/a> to build six large landing craft, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/business\/uae-economy\/59271\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. The vessels will support KFS\u2019 regional and international logistics expansion, adding to its fleet of over 90 vessels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EVs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E <\/strong><strong>Daddy partners with Robust on EV battery production:<\/strong> Electric mobility firm <a target=\"_blank\" href=\"https:\/\/edaddy.io\/\" style=\"\" rel=\"noopener\">E Daddy<\/a> has partnered with battery manufacturer <a target=\"_blank\" href=\"https:\/\/robustess.com\/\" style=\"\" rel=\"noopener\">Robust<\/a> to produce battery packs for its E Daddy X7 electric delivery bike, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/edaddyuae_edaddyuae-robust-makeitintheemirates2025-activity-7330997804443537408-8ybV\/?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAABPFz-8BzdZrMQ8YHG8rCA0g-NKFv9i4utk\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>G42 <\/strong><strong>and WWT roll out AI accelerator Forge42: <\/strong>State-owned AI firm G42 and US-based World Wide Technology (WWT) have formed Forge42, a joint venture focusing on AI solutions for manufacturing, energy, logistics, healthcare, and finance, according to a <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/resources\/news\/g42-and-wwt-launch-forge42-accelerate-made-emirates-ai-innovation\" style=\"\" rel=\"noopener\">press release<\/a>. The firm will offer infrastructure for prototyping, testing, manufacturing, and deploying AI technologies, with plans to collaborate with Nvidia, AMD, Dell, and Microsoft to provide sovereign access to advanced computing resources, secure data systems, and modular testing infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the latest development in a busy week for G42<\/strong>, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/48aec70d-223d-4066-b0b3-64f51ee35758\/more-ai-cooperation-with-france\" style=\"\" rel=\"noopener\">has just announced<\/a> a new partnership to develop an AI stack with Paris-based Mistral AI, signed an agreement with Italy\u2019s iGenus to develop a <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\">supercomputer in Italy<\/a>, and is set to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3261fa8a-9604-492d-88c8-a0108899f5fa\/uae,-us-ink-usd-200-bn-investment-agreements-in-ai,-critical-minerals,-and-energy\" style=\"\" rel=\"noopener\">5 GW US-UAE data center<\/a> in Abu Dhabi with US partners. The latter project, announced during US President Donald Trump\u2019s recent visit, may receive a portion of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fa15ce7-3901-47ed-8ad9-331af1353929\/uae-could-be-in-line-for-more%253cmark%253e-nvidia%253c%2Fmark%253e-chips-%2B-openai-mulls-uae-data-center\" style=\"\" rel=\"noopener\">500k Nvidia chips<\/a> allocated annually to the Emirates under a US export agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>IHC <\/strong><strong>launches UAE-built global AI marketplace:<\/strong> International Holding Company (IHC) launched a new AI marketplace designed to give developers direct, on-demand access to GPUs, large language models, and AI infrastructure, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1822.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The platform aims to lower entry barriers for AI development, with an \u201cAI marketplace agent\u201d supporting over 5k languages and is accessible via text, voice, or video. More details on the platform\u2019s capabilities and international partnerships are expected in the coming weeks, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Adio <\/strong><strong>and e& enterprises partner up on Industry 4.0 initiative:<\/strong> e& enterprise will provide Abu Dhabi manufacturers with access to proof-of-concept technologies, workshops, and training programs on industrial sustainability, AI ethics, and data management to help boost sustainable manufacturing in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/adio-partners-with-e-and-enterprise-to-accelerate-industrial-transformation-in-abu-dhabi-mrahwrki\" style=\"\" rel=\"noopener\">press release<\/a>. Companies will receive access to materiality assessments, AI maturity evaluations, a discounted digital platform for sustainability reporting, and discounted in-depth AI assessments. A digital platform will ease sustainability reporting.<\/p>\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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge\/\">EDGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evs\/\">EVs<\/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\/kezad\/\">Kezad<\/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\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-marine-dredging-company\/\">National Marine Dredging Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc-energy\/\">NMDC Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/waste-management\/\">waste management<\/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=\"103912 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=\"103912\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/103912-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103912\" class=\"content-area-description single-story post-103912 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\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=\"103913\" 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=\"103913\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/new-industrial-zones-in-kezad-and-rakez\/\">\r\n                            New industrial zones in Kezad and Rakez                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/new-industrial-zones-in-kezad-and-rakez\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1852.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103914\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/new-industrial-zones-in-kezad-and-rakez\/1852-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1852.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1852.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1852.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1852.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103913\" class=\"content-area-description single-story post-103913 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-abu-dhabi tag-enterpriseam-uae tag-kezad tag-manufacturing tag-nwtn tag-rakez tag-ras-al-khaimah 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\/.9720769e-bf20-4227-a705-b0effa22ef1c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>NWTN to build AI-powered industrial park in Kezad:<\/strong> UAE-based mobility firm NWTN will break ground on an industrial park in Abu Dhabi\u2019s Khalifa Economic Zones Abu Dhabi (Kezad) in 2H 2025, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/nwtn-announces-ai-industrial-park-project-in-abu-dhabi-302461927.html\" style=\"\" rel=\"noopener\">press release<\/a>. The project marks the company\u2019s move beyond EV manufacturing toward a broader intelligent mobility and AI hardware production footprint.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 130k sqm facility will be split across two zones<\/strong>: a Global Logistic Park in the freezone will include vehicle and parts warehouses, re-export operations, and light processing units, while an AI Smart Manufacturing Park in the mainland zone will feature a semi-knocked-down EV assembly plant, smart hardware production lines, and scalable infrastructure for future full-vehicle manufacturing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The project is part of NWTN\u2019s wider push to localize manufacturing, build out autonomous and AI-enabled systems, and develop blockchain-based product platforms. It also plans to use Kezad\u2019s logistics infrastructure to support faster distribution across the GCC, Mena, and Southern Europe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come?<\/strong> NWTN is currently seeking partnerships with regional tech firms, investors, and distributors to support the buildout, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>Ra<\/strong><strong>kez to build a new Industrial City:<\/strong> The Ras Al Khaimah Economic Zones Authority (Rakez) inked a AED 1.1 bn agreement with THI Investments to develop an industrial park for advanced technology firms within the zone, according to a <a target=\"_blank\" href=\"https:\/\/rakez.com\/en\/media-centre\/news-detail\/articleid\/1592\/rakez-underscores-a-strategic-role-in-uaes-industrial-growth-at-make-it-in-the-emirates-2025\" style=\"\" rel=\"noopener\">press release<\/a>. The new park \u2014 spanning some 130k sqm \u2014 is forecasted to generate some 2.5k jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Rakez will get a new AED 30 mn luxury vehicle facility:<\/strong> The zone also signed an agreement with Faraday Future Middle East to develop a AED 30 mn luxury vehicle assembly factory in the zone. The facility will span some 10k sqm and create 200 jobs. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kezad\/\">Kezad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nwtn\/\">NWTN<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103915\" 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=\"103915\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/dubais-vara-sets-stricter-standards-for-the-emirates-crypto-sector\/\">\r\n                            Dubai\u2019s Vara sets stricter standards for the emirate\u2019s crypto sector                        <\/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\/22\/dubais-vara-sets-stricter-standards-for-the-emirates-crypto-sector\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Dubai\u2019s Vara sets stricter standards for the emirate\u2019s crypto sector&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/dubais-vara-sets-stricter-standards-for-the-emirates-crypto-sector\/\">\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\/22\/dubais-vara-sets-stricter-standards-for-the-emirates-crypto-sector\/&title=Dubai\u2019s Vara sets stricter standards for the emirate\u2019s crypto sector\">\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=Dubai%E2%80%99s+Vara+sets+stricter+standards+for+the+emirate%E2%80%99s+crypto+sector+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F22%2Fdubais-vara-sets-stricter-standards-for-the-emirates-crypto-sector%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\/22\/dubais-vara-sets-stricter-standards-for-the-emirates-crypto-sector\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103916\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/dubais-vara-sets-stricter-standards-for-the-emirates-crypto-sector\/1368-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1368.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103915\" class=\"content-area-description single-story post-103915 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-crypto tag-dubai tag-regulation-watch tag-virtual-assets-regulatory-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.75c1ac49-4109-422a-8f55-1050531af3a2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai\u2019s<\/strong> <strong>Vara <\/strong><strong>issues updated crypto rulebooks:<\/strong> Dubai\u2019s Virtual Assets Regulatory Authority (Vara) has released the second edition of its <a target=\"_blank\" href=\"https:\/\/rulebooks.vara.ae\/rulebook\/va-activity-and-other-rulebooks\" style=\"\" rel=\"noopener\">rulebook<\/a> governing virtual asset (VA) activities, aiming to tighten oversight and harmonize compliance standards across the emirate\u2019s digital asset ecosystem, according to a <a target=\"_blank\" href=\"https:\/\/www.vara.ae\/en\/news\/vara-issues-updated-activity-rulebooks-to-strengthen-market-integrity-and-risk-oversight\/\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.vara.ae\/en\/news\/vara-issues-updated-activity-rulebooks-to-strengthen-market-integrity-and-risk-oversight\/\" style=\"\" rel=\"noopener\">release<\/a>. <strong>We break down the key regulatory changes, along with the expected market impact<\/strong>, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tighter rules and unified standards:<\/strong> The updated framework introduces stricter controls on margin trading, token distribution, and collateral wallet arrangements. It also standardizes compliance requirements across advisory, custody, exchange, lending, borrowing, and investment services \u2014 a shift designed to \u201cpromote greater market discipline, risk transparency, and operational resilience\u201d across the VA ecosystem, Mazen Boustany, partner at Baker McKenzie in the UAE, told EnterpriseAM UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Licenses for margin trading + custody services: <\/strong>Virtual asset service providers (VASPs) may now offer margin trading services only with explicit authorization from Vara, and that approval must be clearly stated in their license. Firms must also ensure they maintain sufficient assets to fully cover client obligations at all times. PLUS: Vara will also only allow custody services to offer collateral wallet services with its explicit approval. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stricter oversight over non-Vara licensed players: <\/strong>Non-Vara license crypto players cannot distribute stablecoins or \u201casset-referenced tokens\u201d \u2014 which are pegged to real-world assets \u2014 and can only distribute other tokens \u2014 like non-transferable or redeemable closed-loop tokens \u2014 through a Vara-licensed distributor like a broker-dealer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transition period: <\/strong>All VASPs operating in Dubai must bring their operations in line with the updated rulebooks by 19 June. Vara has set a 30-day transition period and will provide entity-specific guidance to support licensed firms during implementation, it said in its statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market impact? Bigger compliance burdens, but stronger investor confidence: <\/strong>While the updated rulebooks will likely raise the compliance burden on regulated entities, Boustany says the long-term benefits are clear \u2014 enhancing the credibility of both Vara as a regulator and the VASPs it licenses. \u201cThis will assuage investors and make them confident in dealing with Vara regulated VASPs [...] at a time when VAs are making big forays as an asset class, [especially] after the relaxing of US regulations in relation to crypto-assets under the Trump administration,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong>Vara\u2019s updated rulebooks come amid a broader infrastructure push to formalize crypto adoption in the UAE.<\/strong> Dubai Finance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c163438b-290f-4c7d-8d02-d952225e5ce0\/this-morning:-trump-lands-in-saudi-arabia-today-%2B-us-approves-potential-usd-1.3-bn-arms-sale-to-the-uae\" style=\"\" rel=\"noopener\">recently<\/a> signed an MoU with <a target=\"_blank\" href=\"http:\/\/crypto.com\" style=\"\" rel=\"noopener\">Crypto.com<\/a> to enable stablecoin payments for government services, while the company is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36572208-fb61-4a1c-88b2-1484835f43d5\/this-morning:-us-looks-to-fast-track-foreign-investments,-including-from-the-gulf-%2B-new-planned-hospitals-in-dubai\" style=\"\" rel=\"noopener\">piloting<\/a> crypto payments at Emarat fuel stations \u2014 a first for the MENA region. At the federal level, the Central Bank of the UAE recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f737df16-f75e-4e8a-ae5f-4fa069d5cccb\/aed-pegged-stablecoin-is-one-step-closer-to-becoming-real\" style=\"\" rel=\"noopener\">greenlit<\/a> AE Coin, the UAE\u2019s first AED-pegged stablecoin. Other issuers \u2014 including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7bbea612-b8eb-4e78-87db-532f614427af\/phoenix-group-and-tether-to-launch-aed-pegged%253cmark%253e-stablecoin%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Phoenix Group, Tether,<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/72308412-6ef3-4cc5-b051-e35c453f7849\/abu-dhabi-powerhouses-plan-aed-backed%253cmark%253e-stablecoin%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">First Abu Dhabi Bank, ADQ, and International Holding Company<\/a> \u2014 are also exploring AED-backed stablecoins backed by UAE-based reserves pending final regulatory clearance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADGM\u2019s Financial Services Regulatory Authority also issued a new regulatory framework<\/strong> for stablecoins <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61b36c93-cd65-448d-93fa-5ac588daaaca\/fsra-issues%253cmark%253e-stablecoin%253c%2Fmark%253e-framework\" style=\"\" rel=\"noopener\">in December<\/a>, setting out detailed requirements for issuance, reserves, redemption rights, and disclosures.<\/p>\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\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/virtual-assets-regulatory-authority\/\">Virtual Assets Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"103917\" 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=\"103917\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/\">\r\n                            Tarjama&amp; secures USD 15 mn in Series A round to expand Arabic.AI                        <\/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\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/\" 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\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/')\">\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\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/\">\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=Tarjama&#038; secures USD 15 mn in Series A round to expand Arabic.AI&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/\">\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\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/&title=Tarjama&#038; secures USD 15 mn in Series A round to expand Arabic.AI\">\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=Tarjama%26%23038%3B+secures+USD+15+mn+in+Series+A+round+to+expand+Arabic.AI+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F22%2Ftarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai%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\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1849.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103918\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/tarjama-secures-usd-15-mn-in-series-a-round-to-expand-arabic-ai\/1849-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1849.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1849.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1849.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1849.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103917\" class=\"content-area-description single-story post-103917 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-artificial-intelligence tag-dubai-international-financial-center tag-enterpriseam-uae tag-standard-chartered tag-startup-watch tag-startups tag-tarjama 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\/.2edb7a3d-d0fc-4fb7-9e92-0e1eeb8d5780.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Tarjama<\/strong><strong>&<\/strong><strong> raises USD 15 mn to scale <\/strong><strong><a target=\"_blank\" href=\"http:\/\/arabic.ai\" style=\"\" rel=\"noopener\">Arabi<\/a><\/strong><strong>c<\/strong><strong><a target=\"_blank\" href=\"http:\/\/arabic.ai\" style=\"\" rel=\"noopener\">.AI<\/a><\/strong><strong>: <\/strong>UAE-based AI language and translation solutions firm <a target=\"_blank\" href=\"https:\/\/tarjama.com\/\" style=\"\" rel=\"noopener\">Tarjama&<\/a> has secured USD 15 mn in a Series A round to support the rollout of its <a target=\"_blank\" href=\"http:\/\/arabic.ai\" style=\"\" rel=\"noopener\">Arabic.AI<\/a> agentic suite, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1765.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. MENA venture capital giant Global Ventures led the round, with participation from Wamda Capital, TA Ventures, Phaze Capital, Golden Gate Ventures, and Endeavor Catalyst.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where is the money going? <\/strong>The funding will be used to expand Tarjama&\u2019s proprietary Arabic-first AI platform Arabic.AI, which includes Pronoia V2, a large language model (LLM) purpose-built for Arabic and MENA-specific enterprise-use. The capital will also go toward doubling its research and engineering teams, expanding its sovereign infrastructure, and launching an AI academy to train enterprise and government leaders in agentic AI technologies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Tarjama&: <\/strong>Founded in 2009 by Nour Al Hassan (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/nour-al-hassan-106778138\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Tarjama has scaled profitably across more than 30 markets, processed over 2 bn words in more than 50 languages and 22 Arabic dialects, and built deep data and tech moats, including proprietary datasets critical to LLM training. <strong>We <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c1050413-8c78-45cd-8c32-d3c2a3ad087d\/my-morning-routine:%253cmark%253e-nour-al-hassan%253c%2Fmark%253e,-founder-and-ceo-of-tarjama&\" style=\"\" rel=\"noopener\">interviewed<\/a><\/strong><strong> Nour for our My Morning Routine column last year<\/strong>, where she talked to us about her goals for Arabic-focused language services and the startup\u2019s LLM plans.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER STARTUP NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SC <\/strong><strong>Ventures<\/strong><strong> and DIFC Innovation Hub launch National Venture Studio: <\/strong><a target=\"_blank\" href=\"https:\/\/scventures.io\/\" style=\"\" rel=\"noopener\">SC Ventures<\/a>, the ventures and fintech investment arm of <a target=\"_blank\" href=\"https:\/\/www.sc.com\/\" style=\"\" rel=\"noopener\">Standard Chartered<\/a>, has partnered with the DIFC Innovation Hub to establish the National Venture Studio, a platform aimed at supporting venture creation across the region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/sc-ventures-partners-with-difc-innovation-hub-to-launch-national-venture-studio-dysdl9ll\" style=\"\" rel=\"noopener\">press release<\/a>. SC Ventures will bring its venture building as a service model to the table, with target clients including individuals, corporates, and public sector bodies seeking tech-enabled solutions to local and global issues.<\/p>\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\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/standard-chartered\/\">Standard Chartered<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tarjama\/\">Tarjama&amp;<\/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=\"103919\" 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=\"103919\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/\">\r\n                            Etihad Airways\u2019 1Q 2025 bottom line jumps in 1Q 2025 + ICD records strong 2024                        <\/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\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/\" 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\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/')\">\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\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/\">\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=Etihad Airways\u2019 1Q 2025 bottom line jumps in 1Q 2025 + ICD records strong 2024&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/\">\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\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/&title=Etihad Airways\u2019 1Q 2025 bottom line jumps in 1Q 2025 + ICD records strong 2024\">\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=Etihad+Airways%E2%80%99+1Q+2025+bottom+line+jumps+in+1Q+2025+%2B+ICD+records+strong+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F22%2Fetihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024%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\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/820.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103920\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/etihad-airways-1q-2025-bottom-line-jumps-in-1q-2025-icd-records-strong-2024\/820-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/820.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"820.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/820.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/820.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103919\" class=\"content-area-description single-story post-103919 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-aviation tag-earnings-watch tag-enterpriseam-uae tag-etihad-airways tag-investment-corporation-of-dubai 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\/.25d17a77-ff8b-4b4c-818e-a5dc6c9e73f2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Etihad <\/strong><strong>Airways reported a 30% y-o-y increase in net income to AED<\/strong><strong> 685 mn in 1Q <\/strong><strong>2025<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-airways-reports-record-results-of-aed-685-million-and-highest-customer-satisfaction-scores-for-q1-2025\" style=\"\" rel=\"noopener\">earnings release<\/a>. Total revenues rose 15% y-o-y to AED 6.6 bn, driven by strong performance across both passenger and cargo operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Passenger revenue climbed 16% y-o-y to AED 5.5 bn, supported by increased capacity, network expansion, and higher flight frequencies.<\/strong> The airline carried 5 mn passengers during the quarter, up 16% from the same period last year. Cargo revenues also rose 8% y-o-y to AED 958 mn, despite a 4% decline in volumes, as improved yields helped offset the drop.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the operations side<\/strong>, Etihad ended the quarter with 98 aircraft in service, including the return of its sixth A380 and the delivery of a new A350-1000. Passenger load factor improved by one percentage point to 87%. The firm just recently said it will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3261fa8a-9604-492d-88c8-a0108899f5fa\/uae,-us-ink-usd-200-bn-investment-agreements-in-ai,-critical-minerals,-and-energy\" style=\"\" rel=\"noopener\">invest USD 14.5 bn<\/a> to acquire 28 Boeing 787 and 777X aircraft during US President Donald Trump\u2019s visit to Abu Dhabi, as it looks to meet its target of a 170-aircraft fleet by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Etihad is set to launch 16 new routes in 2025 and will roll out upgraded First Class services starting August, part of broader efforts to expand its premium offering and support network growth. The firm has also been gearing up for an IPO. <\/p>\n<p class=\"tag-border-left\">MORE EARNINGS FROM ICD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investment<\/strong><strong> Corporation of Dubai\u2019s (ICD) net income rose 11.1% y-o-y to AED 67.5 bn in<\/strong><strong> 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1786.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The fund\u2019s revenues increased by 12.7% y-o-y to AED 349.6 bn during the same period, while its total assets climbed 11% y-o-y to AED 1.5 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Banking and financial services accounted for 70% of assets and generated 27% of revenue, while transportation accounted for 17% of assets but contributed 45% of revenue. Oil and gas represented 3% of assets and brought in 19% of revenue, while other segments held 10% of assets and contributed 9% of revenue, according to ICD\u2019s <a target=\"_blank\" href=\"https:\/\/icd.gov.ae\/group-performance\/#financial_statements\" style=\"\" rel=\"noopener\">financial highlights and analysis<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> ICD is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4d0b51bd-2112-439e-9961-4d250c1169be\/state-backed-alec-engineering-targets-usd-500-mn-ipo-in-mid-2025\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4d0b51bd-2112-439e-9961-4d250c1169be\/state-backed-alec-engineering-targets-usd-500-mn-ipo-in-mid-2025\" style=\"\" rel=\"noopener\">preparing to launch an IPO<\/a> of construction giant Alec Engineering & Contracting that could raise up to USD 500 mn. Alec <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2feb924-f76a-4703-af1e-485f9061c6b2\/icd-backed-alec-taps-banks-ahead-of-planned-ipo\" style=\"\" rel=\"noopener\">tapped<\/a> Emirates NBD Capital and JPMorgan Chase to work on the offering and Moelis is advising ICD.<\/p>\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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-corporation-of-dubai\/\">Investment Corporation of Dubai<\/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=\"103921\" 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=\"103921\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/standard-chartered-expands-uae-private-bank\/\">\r\n                            Standard Chartered names EMEA market head in UAE expansion                        <\/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\/22\/standard-chartered-expands-uae-private-bank\/\" 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\/22\/standard-chartered-expands-uae-private-bank\/')\">\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\/22\/standard-chartered-expands-uae-private-bank\/\">\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=Standard Chartered expands UAE private bank&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/standard-chartered-expands-uae-private-bank\/\">\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\/22\/standard-chartered-expands-uae-private-bank\/&title=Standard Chartered expands UAE private bank\">\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=Standard+Chartered+expands+UAE+private+bank+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F22%2Fstandard-chartered-expands-uae-private-bank%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\/22\/standard-chartered-expands-uae-private-bank\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/486.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103922\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/standard-chartered-expands-uae-private-bank\/486-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/486.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"486.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/486.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/486.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103921\" class=\"content-area-description single-story post-103921 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-moves tag-standard-chartered 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\/.09585904-35e7-4a93-85f8-eda1dcc1157a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Standard <\/strong><strong>Chartered <\/strong>has appointed <strong>Yahya Ismail <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/yahya-ismail-03853b172\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>market head for <\/strong><strong>Europe, th<\/strong><strong>e Middle East, and Africa<\/strong> within its Global Private Bank, as part of an expansion of its private banking team in the UAE, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/standard-chartered-expands-uae-private-banking-team-2025-05-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement. Ismail was previously a managing director at Julius Baer for nine years, and also worked at ABN AMRO and Mashreq. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes as global wealth managers ramp up regional hiring<\/strong>, with JPMorgan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab46f094-d768-4059-a860-9779ab12d8f7\/this-morning:-banks-to-raise-minimum-balance-requirement-as-of-next-month\" style=\"\" rel=\"noopener\">planning<\/a> to add over 100 staff members across its Middle East operations, after establishing a private banking team in Dubai <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/97acbe04-a33b-42ae-8723-1517917ddf1e\/%253cmark%253ejp-morgan%253c%2Fmark%253e-sets-up-dubai-private-banking-team\" style=\"\" rel=\"noopener\">last September<\/a>.<\/p>\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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/standard-chartered\/\">Standard Chartered<\/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=\"103923\" 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=\"103923\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/uae-ai-ambitions-back-in-the-headlines\/\">\r\n                            Falcon Arabic puts UAE AI back in the headlines                        <\/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\/22\/uae-ai-ambitions-back-in-the-headlines\/\" 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\/22\/uae-ai-ambitions-back-in-the-headlines\/')\">\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\/22\/uae-ai-ambitions-back-in-the-headlines\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE AI ambitions back in the headlines&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/uae-ai-ambitions-back-in-the-headlines\/\">\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\/22\/uae-ai-ambitions-back-in-the-headlines\/&title=UAE AI ambitions back in the headlines\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+AI+ambitions+back+in+the+headlines+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F22%2Fuae-ai-ambitions-back-in-the-headlines%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\/22\/uae-ai-ambitions-back-in-the-headlines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1845.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103924\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/uae-ai-ambitions-back-in-the-headlines\/1845-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1845.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1845.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1845.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1845.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103923\" class=\"content-area-description single-story post-103923 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-artificial-intelligence tag-enterpriseam-uae tag-g42 tag-infrastructure tag-mgx tag-tech tag-uae-in-the-news 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\/.2ce04cbd-9c09-4908-95d9-f8b8c8b6f0e2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE\u2019s AI ambitions are back in the international spotlight<\/strong>, with the launch of a new Arabic-language model and ongoing infrastructure investments drawing attention from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-21\/uae-releases-falcon-arabic-ai-model-to-outcompete-mideast-rivals\" style=\"\" rel=\"noopener\">Bloomberg<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-launches-arabic-language-ai-model-gulf-race-gathers-pace-2025-05-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. They both spotlight Abu Dhabi\u2019s Technology Innovation Institute (TII) release of Falcon Arabic, a large language model trained on native datasets spanning Modern Standard Arabic and regional dialects. The rollout also included Falcon H1, a smaller model TII says outperforms comparable systems from Meta and Alibaba.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TII is hoping the new models will help reclaim momentum <\/strong>after the Falcon series \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c1ac7854-6645-47a9-a65f-6ab0c0fb8a3f\/this-morning:-tii-rolls-out-new-llm-%25252B-drone-deliveries-kick-off-in-dubai-silicon-oasis\" style=\"\" rel=\"noopener\">once top-ranked on Hugging Face<\/a> \u2014 dropped out of the platform\u2019s top 500.<\/p>\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\/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\/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-in-the-news\/\">UAE IN THE NEWS<\/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=\"103925\" 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=\"103925\">\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\/22\/deutsche-bank-bitcoin-suisse-receive-adgm-permits\/\">\r\n                            Deutsche Bank + Bitcoin Suisse receive ADGM permits                        <\/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\/22\/deutsche-bank-bitcoin-suisse-receive-adgm-permits\/\" 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 approval allows the subsidiary to pursue a full license to offer virtual asset trading, crypto securities, derivatives, and custody services in ADGM. The firm will work with ADGM to obtain full licensing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s Bitcoin Suisse? <\/strong>The company holds over USD 6 bn in digital assets under custody and more than USD USD 2.6 bn in institutional staking services. It is one of the world\u2019s largest providers of digital asset custody and institutional staking solutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Deutsche Bank gets greenlight from FRSA: <\/strong>Deutsche Bank has secured financial service permission from ADGM\u2019s Financial Services Regulatory Authority, allowing it to conduct regulated activities including arranging credit and investment transactions, as well as advising on investment or credit, the bank announced in a <a target=\"_blank\" href=\"https:\/\/country.db.com\/news\/detail\/20250521-deutsche-bank-expands-its-uae-presence-with-a-new-adgm-license?language_id=1\" 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\">\n<p class=\"tag-border-left\">PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al <\/strong><strong>Ansari<\/strong><strong> Exchange, UnionPay launch instant remittance to China: <\/strong>Al Ansari Exchange agreed to launch UnionPay International\u2019s MoneyExpress service in the UAE, Al Ansari said in a <a target=\"_blank\" href=\"https:\/\/alansariexchange.com\/news\/al-ansari-exchange-and-unionpay-international-launch-real-time-remittance-service-to-china-via-moneyexpress\/\" style=\"\" rel=\"noopener\">press release<\/a>. The real-time remittance service will enable instant transfers from the UAE to China. The service credits UnionPay cards in RMB without intermediary or bank fees. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE <\/strong><strong>Media Council taps Presight to launch AI media content review platform: <\/strong>The UAE Media Council inked an agreement with G42-backed Presight to develop a unified media AI and analytics platform, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1772.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The platform will analyze and validate media content \u2014 including books, films, and artworks \u2014 before publication to ensure compliance with UAE laws and standards. The system aggregates data from multiple media licensing agencies into a centralized platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This follows another media move from Presight<\/strong>, after the UAE National Media Office awarded it a contract <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/186b30f8-234c-451d-ae62-51b3f8a2cb3a\/nsf-sets-up-shop-in-dubai\" style=\"\" rel=\"noopener\">this week<\/a> to build an AI-powered platform to centralize and analyze media data. The project will deploy AI tools to assess public sentiment, identify emerging narratives, and propose messaging frameworks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ESG <\/strong><strong>expands to Saudi Arabia:<\/strong> Emirates Stallions Group (ESG), a subsidiary of International Holding Company, has acquired a 16-year usufruct agreement for 13k sqm of warehouse space in Saudi Arabia through its subsidiary Vision Furniture & Decoration Factory, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/1779.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 agreement, signed with the Saudi Authority for Industrial Cities and Technology Zones, covers two facilities covering 6k and 7.4k sqm. The warehouses are set to be operational by 3Q 2025 and will be used to produce and store furniture, and comes as the firm looks to meet growing demand in Saudi Arabia, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meraas<\/strong> <strong>awards AED 690 mn contract to Bhatia: <\/strong>Dubai real estate developer <a target=\"_blank\" href=\"https:\/\/meraas.com\/en\" style=\"\" rel=\"noopener\">Meraas<\/a>, part of <a target=\"_blank\" href=\"https:\/\/www.dubaiholding.com\/en\/who-we-are\/our-companies\/dubai-holding-real-estate\" style=\"\" rel=\"noopener\">Dubai Holding Real Estate<\/a>, has awarded <a target=\"_blank\" href=\"https:\/\/www.bhatiacompany.com\/\" style=\"\" rel=\"noopener\">Bhatia General Contracting<\/a> a AED 690 mn contract for phase four of the Nad Al Sheba Gardens development, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/meraas-awards-contract-valued-at-over-aed-690mln-for-new-phase-of-nad-al-sheba-gardens-helbmsqf\" style=\"\" rel=\"noopener\">press release<\/a>. The latest phase of the development is slated for handover in 1Q 2027, and the contract\u2019s scope includes the building of 188 units, including 96 villas, 92 townhouses, and two pool houses, as well as other amenities.<\/p>\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\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-ansari-financial-services\/\">Al Ansari Financial Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-holding\/\">Dubai Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-stallions-group\/\">Emirates Stallions Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-services-regulatory-authority\/\">Financial Services Regulatory Authority<\/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\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc-energy\/\">NMDC Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/presight\/\">Presight<\/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\/remittances\/\">remittances<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-china-relations\/\">UAE-China 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=\"103927\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"103927\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/nvidias-top-executive-urges-us-policymakers-to-rethink-chip-restrictions\/\">\r\n                            Nvidia CEO says export controls failed and fueled China\u2019s rise                        <\/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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<\/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\/22\/nvidias-top-executive-urges-us-policymakers-to-rethink-chip-restrictions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1866.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"103928\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/nvidias-top-executive-urges-us-policymakers-to-rethink-chip-restrictions\/1866-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1866.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1866.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1866.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1866.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103927\" class=\"content-area-description single-story post-103927 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-nvidia tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.9925f0bc-b332-47b6-b709-150b899162b4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US chip export controls helped, instead of hindering, China\u2019s growing chip dominance, says <\/strong><strong>Nvidia CEO Jensen Huang.<\/strong> The head of one of the world\u2019s most valuable companies doubled down on criticism of US chip export restrictions, calling the policy a \u201cfailure\u201d that has cost American firms bns of USD and accelerated China\u2019s domestic chipmaking efforts during a speech at Computex 2025 in Taipei (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=TLzna9__DnI\" style=\"\" rel=\"noopener\">watch, runtime: 1:42:51<\/a>). Huang argued that the curbs undermined US competitiveness, adding that if the US doesn\u2019t sell, \u201cthe competition will come.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nvidia itself has had the hard end of much of the restrictions<\/strong>, having taken a USD 5.5 bn hit after the Trump administration expanded controls to cover its H20 chip \u2014 a downgraded model initially designed to comply with earlier rules, according to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a3fce85c-8651-4fec-ab6a-c876ec01a547\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cFundamentally flawed\u201d assumptions drove the policy<\/strong>, according to Huang, who said said the now-scrapped \u201cAI diffusion rule\u201d \u2014 which imposed a three-tier licensing system blocking China from accessing US-made chips \u2014 ultimately cost US companies bns of USD in lost sales, including for Nvidia and AMD, and turbocharged China\u2019s domestic chipmaking push.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese manufacturers filled the vacuum as Nvidia\u2019s share of the Chinese AI chip <\/strong><strong>market dropped <\/strong>from 95% to 50% since 2022, according to Huang. He pointed to Huawei as one of its several fast-moving rivals, adding, \u201clocal companies are very determined, and export controls gave them the spirit, and government support accelerated their development.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, what\u2019s next? <\/strong>The Trump administration is reportedly working on a new global licensing system based on government-to-government agreements, replacing the Biden-era AI diffusion rule \u2014 a move that has drawn support from Huang.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the red in early trading this morning. <\/strong>Japan\u2019s Nikkei is down 0.8%, Korea\u2019s Kospi is looking at losses of 1.3%, the Hang Seng is also in the red, down 0.5%, while the Shanghai Composite is flat. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,666<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +2.6%)<\/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\">5,438<\/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\">-0.5% (YTD: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,502<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +8.1%)<\/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>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% 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\">4.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,304<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2% (YTD: -6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,837<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +7.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&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\">5,845<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.6% (YTD: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,786<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,454<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +11.5%)<\/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 64.63<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.37<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3,342<\/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%<\/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 108,273<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.6% (YTD: +15.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & 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\">143.3<\/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: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">20.87<\/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\">+15.4% (YTD: +20.3%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.5% yesterday<\/strong> on turnover of AED 588.4 mn. The index is up 5.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Dubai Refreshment Company (+14.7%), Dubai Ins. Co (+12.0%) and Emaar Development (+1.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Dubai National Ins. and Reins. (-8.7%), Agility The Public Warehousing Company (-5.1%) and Takaful Emarat (-3.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index fell 0.4% on turnover of AED 1.5 bn. Meanwhile, Nasdaq Dubai was down 0.6%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nvidia\/\">Nvidia<\/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=\"103929\" 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=\"103929\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/22\/uae-bahrain-talk-transport-logistics-cooperation\/\">\r\n                            UAE, Bahrain talk transport, logistics cooperation                        <\/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\/22\/uae-bahrain-talk-transport-logistics-cooperation\/\" 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 talks focused on implementing their transport MoU through technical knowledge sharing, legislative cooperation, workforce development, and collaboration in projects in sustainable mobility, autonomous driving, and digital transformation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ports, logistics + infrastructure in focus: <\/strong>The two leaders also explored joint infrastructure projects, including improving port competitiveness and aligning maritime capabilities with global trends.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-bahrain-relations\/\">UAE-Bahrain 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=\"103931\" 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\/22\/103931-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-103931\" class=\"content-area-description single-story post-103931 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>20-22 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>21-22 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 style=\"font-weight:400;\">, Jumeirah Emirates Towers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 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: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 (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>28-29 January (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adgm.com\/media\/announcements\/abu-dhabi-to-host-the-27th-annual-iba-arbitration-day-conference\" style=\"\">IBA Arbitration Day Conference,<\/a><\/span><span> Abu Dhabi.<\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Stricter crypto rules in Dubai<\/p>\n","protected":false},"featured_media":103904,"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-103903","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0d4a7624-b720-4e47-b2af-804b14b03cd8","teaser":"Plus: Stricter crypto rules in Dubai","photo_url":"https:\/\/ent.news\/2024\/8\/2335.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dubai Holding REIT raises AED 2.1 bn. 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