{"id":104180,"date":"2025-05-30T00:00:00","date_gmt":"2025-05-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=104180"},"modified":"2025-12-15T03:55:25","modified_gmt":"2025-12-15T03:55:25","slug":"adnoc-drilling-marks-entry-into-oman-and-kuwait-with-acquisition-of-slb-unit-plus-dubai-property-price-correction-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/adnoc-drilling-marks-entry-into-oman-and-kuwait-with-acquisition-of-slb-unit-plus-dubai-property-price-correction-this-year\/","title":{"rendered":"Adnoc Drilling marks entry into Oman and Kuwait with acquisition of SLB unit. PLUS: Dubai property price correction this year?"},"content":{"rendered":"<section id=\"104182\" 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=\"104182\">\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\/30\/this-morning-low-economic-risk-this-year-fitch-says-dubais-first-ever-tokenized-real-estate-asset-was-fully-funded-in-the-first-day\/\">\r\n                            THIS MORNING: Low economic risk this year, Fitch says + Dubai\u2019s first ever tokenized real estate asset was fully funded in the first day                        <\/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\/30\/this-morning-low-economic-risk-this-year-fitch-says-dubais-first-ever-tokenized-real-estate-asset-was-fully-funded-in-the-first-day\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/this-morning-low-economic-risk-this-year-fitch-says-dubais-first-ever-tokenized-real-estate-asset-was-fully-funded-in-the-first-day\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/885.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104183\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/this-morning-low-economic-risk-this-year-fitch-says-dubais-first-ever-tokenized-real-estate-asset-was-fully-funded-in-the-first-day\/885-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/885.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"885.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/885.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/885.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104182\" class=\"content-area-description single-story post-104182 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-dp-world tag-dubai tag-dubai-land-department tag-energy tag-enterpriseam-uae tag-fitch-ratings tag-infrastructure tag-oil-and-gas tag-opec tag-opec-2 tag-prypco tag-real-estate tag-roads-and-transport-authority tag-sobha-realty tag-trade tag-uae-us-relations tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.7ff60c3c-bb02-4628-b665-9072d10ee022.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy FRIDAY. <\/strong>We wrap the week with a busy issue, led by Adnoc Drilling\u2019s acquisition of SLB\u2019s Omani and Kuwaiti drilling business, marking its entry into the two Gulf countries. Also: Azerbaijan\u2019s state oil fund invested in Adnoc Gas Pipeline Assets, Amea Power and Spain Cox formed a new JV, and Fitch expects a 15% Dubai real estate price correction in 2H 2025. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Private <\/strong><strong>sector Eid holiday confirmed:<\/strong> Private sector employees in the UAE will receive a paid holiday from Thursday, 5 to Sunday, 8 June 2025 for Arafat Day and Eid Al Adha, the <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/29\/5\/2025\/eid-al-adha-holiday-announced-for-private-sector-from-5-june-to-8-june.aspx\" style=\"\" rel=\"noopener\">Human Resources and Emiratization Ministry<\/a> confirmed. The public sector was recently confirmed to have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d864cb3-ab38-4023-ae55-7b970d209fce\/this-morning:-mubadala-to-invest-in-telegram%25e2%2580%2599s-usd-1.5-bn-bond-issuance%3F-%2B-uae-firms-eye-russian-business-of-unicredit\" style=\"\" rel=\"noopener\">the same days off<\/a> for the holidays.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?WEATHER<\/strong><strong>- It\u2019s another hot day today<\/strong>, with Dubai set to see highs of 41\u00b0C and lows of 29\u00b0C over night, while Abu Dhabi will peak at 36\u00b0C with overnight lows of 31\u00b0C. Add in around 70% humidity and it\u2019ll feel even hotter across both Emirates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Temperatures are expected to ease over the weekend<\/strong>, though increasing winds and blowing dust may reduce visibility, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2463.pdf\" style=\"\" rel=\"noopener\">National Center of<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2463.pdf\" style=\"\" rel=\"noopener\">Meteorology (pdf)<\/a>..<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #1- <\/strong><strong>The<\/strong> <strong>UAE\u2019s<\/strong><strong> political and economic risk will stay low in 2025<\/strong> <strong>thanks to its sta<\/strong><strong>ble domestic <\/strong><strong>environment and economic strength<\/strong>, according to a recent report from <a target=\"_blank\" href=\"https:\/\/www.fitchsolutions.com\/bmi\/political-risk\/political-risk-uae-will-remain-low-23-05-2025?fSWebArticleValidation=true&amp;mkt_tok=NzMyLUNLSC03NjcAAAGauYOEn57tBS0YkyY6O7-ZTUDTpBkrEdqQVTdcizNHGbmNjUj2HxzsRxt7IDE-fgLSihxh_RtN0hzR1VM-7QqUv72CE1c9hMdGjId-F-VeWQQadPUbBQ?fSWebArticleValidation=true&amp;mkt_tok=NzMyLUNLSC03NjcAAAGauegIX5zp7IkEdkMLw16sZb0PiDKtNTekhs0Qg-o9GnlZBMsZ0w1vTNMYT5xdZL_2CSnT6x8J-RyAdut7DVKN6MdeJ0JXzOTTRglZYSnATRhTX8t54w\" style=\"\" rel=\"noopener\">BMI<\/a>, which gave the country a score of 32.7 in its proprietary Political Risk Index. Abu Dhabi's foreign policy \u2014 built on economic goals and deescalation \u2014 shields it from broader fallout, alongside its improved ties with Tehran and a neutral stance on the Red Sea conflict, though a flare-up between Iran and the US or Israel could still pose a risk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Washington's latest tariffs aren\u2019t expected to shake Abu Dhabi\u2019s relationship with the US<\/strong>, and Trump\u2019s return is unlikely to affect bilateral military and economic ties. The UAE\u2019s role in the Abraham Accords, its investment footprint in the US, and its historical reliance on American security all help lock in the alliance. Tariffs may create some economic headwinds, but BMI says they\u2019ll be \u201cmanageable\u201d even if oil prices remain under pressure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ties with China could grow, but to a limited extent:<\/strong> BMI also sees space for the UAE to grow ties with Chinese firms amid US-China tensions, pointing to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b457fc31-b3bf-442f-83e1-48860f857967\/this-morning:-ad-ports,-masdar-eye-debt-issuances-despite-global-market-turmoil-%2B-gov%25e2%2580%2599t-departments-will-be-assessed-on-ai\" style=\"\" rel=\"noopener\">China National Offshore Oil Corporation\u2019s LNG offtake<\/a> from Adnoc. However, reliance on US defense and tech cooperation will limit just how far the country can push that relationship. G42 has already distanced itself from China-based firms in favor of deeper ties with Microsoft. The tariffs could also push the UAE closer to other partners as talks on a UAE-EU freetrade pact continue.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>The Abu Dh<\/strong><strong>abi Department of Energy rolled out a new strategic framework f<\/strong><strong>or the energy <\/strong><strong>and water sector that aims to attract up to AED 400 bn in FDI <\/strong>by 2050, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjx2t4g-abu-dhabi-department-energy-unveils-strategic\" style=\"\" rel=\"noopener\">Wam<\/a> reported. The roadmap also aims to raise local content in core supply chains to 65%, along with a target of 100% Emiratization of critical roles across the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strategy rests on four main objectives<\/strong>: Ensuring a secure and sustainable supply of energy and water, optimizing efficiency in supply and demand, supporting decarbonization through cost-effective solutions, and boosting the economic value of both energy and water resources. Other initiatives in the framework include expanded AI investments, digital transformation, international partnerships, and regulatory reforms to draw in private capital and international investors.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3-<\/strong> <strong>Dubai\u2019s <\/strong><strong>first ever tokenized <\/strong><strong>real estate asset was fully funded within 24 h<\/strong><strong>ours of <\/strong><strong>launch<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/prypco-mints-first-tokenised-property-fully-funded-in-just-one-day-gogycrea\" style=\"\" rel=\"noopener\">statement<\/a> from Prypco, the proptech firm offering the investment platform for Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44e35dd6-d29d-4625-a7b6-d46b0b48a139\/dld-taps-ctrl-alt-for-real-estate-tokenization-project\" style=\"\" rel=\"noopener\">real estate tokenization project<\/a>, which launched earlier this week. The offering drew 224 investors from over 40 nationalities \u2014 70% of whom were first-time buyers in Dubai property \u2014 highlighting strong appetite for the new fractional model, the statement said. Average ticket sizes came in at AED 10.7k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the asset? <\/strong>A Damac Maison Prive unit, according to a <a target=\"_blank\" href=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D4D22AQHqxhpKOF11Ug\/feedshare-shrink_1280\/B4DZcavEsHGYAk-\/0\/1748500239511?e=1751500800&amp;v=beta&amp;t=Cup9O7OuDEuIydqfUef5Oiohx0w6C1qFPXDhYyKy4vA\" style=\"\" rel=\"noopener\">photo<\/a> circulating on LinkedIn of the first property token ownership certificate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Damac revealed in January plans to tokenize at least USD 1 bn worth of assets in partnership with blockchain startup Mantra. Prypco is also led by Amira Sajwani, who is also the managing director of sales and development at Damac.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The new UAE-Oman trade zone is already getting interest from UAE firms:<\/strong> Several UAE-based firms have inked a letter of interest (LOI) to explore areas of investment in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e27ba81c-4113-4f72-8dfc-d0ecd2143dbd\/dp-world-to-develop-new-economic-zone-at-omani-border\" style=\"\" rel=\"noopener\">Al Rawda Special Economic Zone<\/a> \u2014 an industrial and logistics zone being developed between the UAE and Oman, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2025-05-27\/%D8%AF%D9%8A-%D8%A8%D9%8A-%D9%88%D8%B1%D9%84%D8%AF-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D9%83%D8%B4%D9%81-%D9%81%D8%B1%D8%B5%D8%A7%D9%8B-%D9%81%D9%8A-%D8%A7%D9%84%D8%B1%D9%88%D8%B6%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-5934781\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. Companies range from logistics players such as <a target=\"_blank\" href=\"https:\/\/indulogistics.com\" style=\"\" rel=\"noopener\">Indu Logistics<\/a>, <a target=\"_blank\" href=\"https:\/\/www.orientalme.com\" style=\"\" rel=\"noopener\">Oriental General Trading<\/a>, and <a target=\"_blank\" href=\"https:\/\/palmongroup.com\" style=\"\" rel=\"noopener\">Palmon Group<\/a> to manufacturers, including <a target=\"_blank\" href=\"https:\/\/shop.albayader.com\/?srsltid=AfmBOoqQgvyAHhwDeZrVJjNFs-URj6dUGo92iacHAUAIHKQcXMoFK0Od\" style=\"\" rel=\"noopener\">Al Bayader<\/a>, <a target=\"_blank\" href=\"https:\/\/camtechvalve.com\" style=\"\" rel=\"noopener\">Camtech Manufacturing<\/a>, <a target=\"_blank\" href=\"https:\/\/www.conares.com\" style=\"\" rel=\"noopener\">Conares<\/a>, and <a target=\"_blank\" href=\"https:\/\/neweast.ae\" style=\"\" rel=\"noopener\">New East<\/a>. Retail players like <a target=\"_blank\" href=\"https:\/\/www.apparelgroup.com\/en\/\" style=\"\" rel=\"noopener\">Apparel Group<\/a> and <a target=\"_blank\" href=\"https:\/\/www.spinneys.com\/en-ae\/?gad_source=1&amp;gad_campaignid=18378695226&amp;gbraid=0AAAAABhy6IuQKqI6oCIZ45x73Sc88NEK9&amp;gclid=CjwKCAjw6NrBBhB6EiwAvnT_rlM984Ajy8OW1gwG61lbVszYEZpnYOyEBLxtl68kLlzCC5IOjt1BbBoC-mkQAvD_BwE\" style=\"\" rel=\"noopener\">Spinneys<\/a> \u2014 were also among those expressing interest. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> DP World and Oman\u2019s Public Authority for Special Economic Zones <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e27ba81c-4113-4f72-8dfc-d0ecd2143dbd\/dp-world-to-develop-new-economic-zone-at-omani-border\" style=\"\" rel=\"noopener\">signed an agreement<\/a> to develop and operate the first phase of the Al Rawdah Special Economic Zone in Mahadha in Oman earlier this week. In the rollout of its first phase, the zone will focus on vehicle sector manufacturing, textiles, clothing, steel, and logistics. The first phase of the project is expected to see nearly USD 2 bn in investments.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Gridora <\/strong><strong>inks MoU to fast-track AED 35 bn Abu Dhabi transport projects:<\/strong> Abu Dhabi-based infrastructure platform Gridora has signed its first MoU with the Abu Dhabi Projects and Infrastructure Center to accelerate the rollout of transport infrastructure projects worth at least AED 35 bn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2492.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The two will now establish a working committee to identify pilot projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf77f2a2-ef14-4eb6-bb6e-f1ec65427413\/%253cmark%253e%253c%2Fmark%253eadq%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eihc%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elaunch%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eplatform%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253espeed%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eup%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elarge%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253escale%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253einfrastructure%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eprojects%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Gridora was launched last month<\/a> by ADQ, Modon Holding, and IHC to expedite procurement and execution processes as well as increase public-private partnerships.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Sobha Realty eyes Texas for US expansion debut:<\/strong> Dubai real estate developer Sobha Realty is entering the US market with initial focus on Dallas, Houston, and Austin, Chairman Ravi Menon told <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/real-estate\/exclusive-dubai-real-estate-giant-sobha-realty-eyes-3-texas-cities-for-major-u-s-expansion\" style=\"\" rel=\"noopener\">Arabian Business<\/a>. Sobha would manage the entire development cycle and manufacture critical components in-house, but did not disclose an investment figure for the expansion.<\/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 Dubai Chamber of Commerce is on a trade mission<\/strong> <strong>to the Philippines<\/strong><strong> and Thailand that wraps today<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjswrtb-dubai-chamber-commerce-organises-trade-mission-the\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The delegation includes representatives of companies operating in sectors like food and beverages, automotive, and electronics, who are participating in meetings and sessions with their counterparts in Thailand and the Philippines to explore collaboration prospects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adnecalain.ae\/en\/eventlisting\/emirates-agriculture-conference-and-exhibition-2025\" style=\"\" rel=\"noopener\">Emirates Agriculture Conference and Exhibition 2025<\/a><\/strong><strong> is on its third day today, and runs until Saturday <\/strong>at the Dubai World Trade Center, bringing together policymakers, researchers, and industry leaders to explore the future of sustainable farming in the UAE. The event tackles themes including climate-smart agriculture, water scarcity, food security, and agritech innovation. The event also features a market selling locally-made produce and exhibitions for agricultural technology.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One big story is dominating headlines this morning, and that\u2019s US President Donald<\/strong><strong> Trump\u2019s reciprocal tariffs getting reinstated<\/strong> after a federal appeals court granted the Trump administration a temporary reprieve from an earlier ruling blocking the duties, saying that Trump had exceeded his authority in imposing them. The new tariffs \u2014 which do not include sector-specific ones \u2014 are now back on the table, and await a response from the plaintiffs next week and from the administration on 9 June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Markets largely shrugged off the news<\/strong>, with the S&amp;P 500 up narrowly, though the USD lost some ground against the JPY and CHF. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-29\/trump-team-weighs-pivot-supreme-court-appeal-after-tariff-blow?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/view-markets-cheer-court-ruling-block-trump-tariffs-2025-05-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/29\/blocked-trump-tariffs-trade-court-appeal.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/trump-administration-races-to-stop-bombshell-tariff-ruling-4501e4fe\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The US said that Israel has signed off on a Gaza ceasefire proposal<\/strong>, while Hamas is currently studying it, though senior Hamas officials have said the proposal does not meet its demands on aid or withdrawal of troops. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/gaza-aid-system-under-pressure-thousands-seek-food-2025-05-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+ to set 2<\/strong><strong>027 output baselines: <\/strong>The 22-member group will set up a mechanism for determining oil production baselines for 2027, tasking the Opec Secretariat with assessing each member country\u2019s maximum production capacity, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/pr-detail\/564-28-may-2025.html\" style=\"\" rel=\"noopener\">statement<\/a>. The baseline figures are expected to serve as a reference point for output policy once the current set of production cuts expire, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-may-discuss-2027-baselines-agree-july-hike-this-week-sources-say-2025-05-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Baselines and quotas have been a source of tension among the group<\/strong>, with countries including the UAE and Iraq increasing their production capacity, further pressing the case for higher quotas, while some African members have seen capacity declines and risk being sidelined, Reuters added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Opec+ is set to meet tomorrow to discuss a further output hike for July. The next Opec+ Ministerial Meeting is scheduled for 30 November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Trading activity in the UAE\u2019s Murban crude futures contracts reached a<\/strong><strong> record high this <\/strong><strong>month<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-29\/uae-s-flagship-crude-oil-sees-record-volume-as-opec-adds-supply?srnd=phx-economics-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported. Open interest across the full curve in Murban futures climbed to an all-time high of 81k lots earlier in May, Bloomberg added, citing <a target=\"_blank\" href=\"https:\/\/www.ice.com\/index\" style=\"\" rel=\"noopener\">ICE Futures Abu Dhabi<\/a> data. About two-thirds of the 34 cargo deliveries recorded so far this month in the S&amp;P Global Commodity Insights pricing window were Murban, up from around half of the 32 trades logged in April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The spike in activity comes amid broader market weakness in light crude grades<\/strong>, driven by higher UAE supply after Opec+ <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/074b3f33-57bb-4f94-9170-2de99fefdb12\/this-morning:%253cmark%253e-opec%253c%2Fmark%253e%2B-to-hike-production-next-month-%2B-emergency-gaza-focused-arab-league-summit-kicks-off-in-egypt-today\" style=\"\" rel=\"noopener\">upped its production quota<\/a>, along with refinery outages that dented demand, Energy Aspect\u2019s oil analyst Richard Jones told Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Murban continues to develop into one of the most relevant benchmarks in global crude pricing<\/strong>, ICE oil markets head Jeff Barbuto told Bloomberg. It is traded against Brent, US oil contracts as WTI, and Dubai crude as the market adapts to shifting dynamics in supply and demand.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-land-department\/\">Dubai Land Department<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n 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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/adnoc-drilling-is-now-in-oman-and-kuwait\/\">\r\n                            Adnoc Drilling to acquire 70% of SLB\u2019s Omani and Kuwaiti rigs business                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104186\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/adnoc-drilling-is-now-in-oman-and-kuwait\/309-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/309.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"309.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/309.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/309.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104185\" class=\"content-area-description single-story post-104185 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adnoc-drilling tag-enterpriseam-uae tag-investcorp-capital tag-investment-corporation-of-dubai tag-ma-watch tag-oil-and-gas wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.4ba27a0c-1111-4cd9-849f-fa5bd85d8a4b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc Drilling inked a USD 112 mn agreement to acquire a 70% s<\/strong><strong>take in the land drilling business <\/strong><strong>of US oil and gas wells drilling company Schlumberger Middle East (SLB) <\/strong><strong>in Kuwait and Oman<\/strong> with a mechanism in place to acquire SLB\u2019s remaining 30% stake over time, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2478.pdf\" style=\"\" rel=\"noopener\">a joint statement (pdf)<\/a>. The transaction is expected to close in 1Q 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">This marks Adnoc Drilling's first inorganic expansion outside the UAE<\/strong><span style=\"background-color: transparent;\">, underscoring the company\u2019s ambition to evolve from a domestic giant into a regional player in the integrated drilling services market. The move comes as part of a broader strategy to diversify geographically and capitalize on a growing GCC energy services market. It follows the company's <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49e0450c-39e4-41d8-8e41-4a8c4e939356\/adnoc-drilling-closes-turnwell-jv-agreement-with%253cmark%253e-slb%253c%2Fmark%253e-and-patterson-uti\" rel=\"noopener\">USD 1.7 bn Enersol JV with SLB and Patterson<\/a><span style=\"background-color: transparent;\"> to tap into unconventional resources.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The transaction establishes a joint venture with SLB and grants the state-owned oil company immediate operational control of eight active rigs \u2014 two in Kuwait and six in Oman \u2014 already under long-term contracts with national oil companies. The rigs are fully operational, and the contracts extend into 2028, contributing an estimated USD 120 mn this year in revenue and EBITDA margins of over 38%. The agreement was made at an implied valuation of 4x EBITDA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The JV will be a \u201chighly complementary and value-accretive addition<\/strong><strong>\u201d<\/strong> to Adnoc Drilling\u2019s portfolio, CEO Abdulrahman Abdulla Al Seiari said. The new agreements will boost revenues to over USD 5 bn by 2026, CFO Yousef Salem told Asharq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/84744\/%D8%A3%D8%AF%D9%86%D9%88%D9%83-%D9%84%D9%84%D8%AD%D9%81%D8%B1-%D8%AA%D8%AA%D9%88%D9%82%D8%B9-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D9%81%D9%8A-2026\/\" style=\"\" rel=\"noopener\">watch, runtime: 1:46<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Payment terms:<\/strong> Adnoc will pay an earn-out of USD 21 mn linked to the overall business performance, and USD 91 mn excluding potential earn-out, with the company planning to finance the transaction through its existing debt capacity. The final purchase price is subject to adjustments based on the net debt position (total debt minus cash) at the time of closing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big goals ahead:<\/strong> Adnoc Drilling expects to operate more than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be961d13-b087-4ffa-abcb-3d0ed90dc48d\/\" style=\"\" rel=\"noopener\">151 rigs by 2028<\/a>. The company has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/345af0b4-6835-4fee-b87f-a71f56cca44c\/adnoc-drilling-lands-usd-1.15-bn-offshore-rig-contract\" style=\"\" rel=\"noopener\">eyeing drilling businesses<\/a> in Kuwait and Oman for a while since it was pre-qualified for operations in the two countries. The company had also earmarked USD 350 mn for acquisitions through its JV with Alpha Dhabi, Enersol, in 2H 2025 as part of USD 1 bn in planned capital expenditure for inorganic growth, which will include some USD 150 mn in acquisitions of rigs overseas in Kuwait and Oman, and another USD 500 mn for rigs and equipment inside the UAE, Salem told us previously.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> Adnoc Drilling\u2019s shares were up 1.7% to AED 5.3 at yesterday\u2019s close.<\/p>\n<p class=\"tag-border-left\">OTHER M&amp;A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investcorp <\/strong><strong>Capital exits USD 550 mn in US multifamily assets:<\/strong> ADX-listed alternative asset manager Investcorp Capital has exited 12 US multifamily real estate assets across five states for a total of USD 550 mn, the company said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2465.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The portfolio, which included a 432-unit apartment community in Atlanta, was sold at a premium despite softer market conditions. The assets were 94% occupied on average and located in key rental markets in Atlanta, Philadelphia, Missouri, and Florida.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sale marks another sale by Investcorp Capital as it aims to realize gains while reallocating capital into new assets.<\/strong> It follows the company\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4edac6ff-1e64-41ef-b755-d1aaffdb0cad\/%253cmark%253einvestcorp-capital%253c%2Fmark%253e-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\" style=\"\" rel=\"noopener\">USD 360 mn<\/a> exit from its US industrial portfolio in April and its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c71ef361-da40-4d67-9ac6-40045d130d0f\/%253cmark%253einvestcorp-capital%253c%2Fmark%253e-exits-indian-fashion-retailer-citykart\" style=\"\" rel=\"noopener\">full divestment<\/a> earlier this week from Indian budget fashion chain Citykart, which delivered a 4x return. More exits are expected from its Indian portfolio, and it also expanded into the Italian market through a takeover of payments firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a44da383-2d54-420d-b34a-1f89d52d0eb6\/investcorp-capital-to-invest-in-italian-payments-firm-epipoli\" style=\"\" rel=\"noopener\">Epipoli<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- ICD offloads its stake in Corporaci\u00f3n Am\u00e9rica Italia:<\/strong> Dubai\u2019s investment arm, the Investment Corporation of Dubai (ICD), sold its 25% stake in airport operator Corporaci\u00f3n Am\u00e9rica Italia (CAI) to the Corporaci\u00f3n Am\u00e9rica Airports (CAAP), according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20250529915807\/en\/CAAP-Increases-Stake-in-Toscana-Aeroporti\" style=\"\" rel=\"noopener\">press release<\/a>. CAAP now fully owns CAI following this transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The transaction took place through a share swap agreement, with CAAP providing over 1.9 mn newly issued shares to ICD as consideration for the 25% interest in CAI<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-drilling\/\">Adnoc Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investcorp-capital\/\">Investcorp Capital<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104187\" 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=\"104187\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/\">\r\n                            Azerbaijan\u2019s state Oil fund invests USD 50 mn in Adnoc\u2019s gas pipeline unit                        <\/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\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/\" 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\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/')\">\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\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/\">\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=Azerbaijan\u2019s state oil fund invests USD 50 mn in Adnoc\u2019s gas pipeline unit&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/\">\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\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/&title=Azerbaijan\u2019s state oil fund invests USD 50 mn in Adnoc\u2019s gas pipeline unit\">\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=Azerbaijan%E2%80%99s+state+oil+fund+invests+USD+50+mn+in+Adnoc%E2%80%99s+gas+pipeline+unit+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F30%2Fazerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit%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\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1576.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104188\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/1576-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1576.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1576.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1576.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1576.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104187\" class=\"content-area-description single-story post-104187 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-adnoc tag-enterpriseam-uae tag-investment-watch tag-lunate tag-oil-and-gas tag-uae-azerbaijan-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.5b287f12-22ac-4b57-b177-34c1b734a46b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>SOFAZ invests USD 50 mn in AGPA through Lunate:<\/strong> The State Oil Fund of the Republic of Azerbaijan (SOFAZ) invested USD 50 mn in Adnoc\u2019s gas pipeline unit, <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/our-operations\/pipeline-network\" style=\"\" rel=\"noopener\">Adnoc Gas Pipeline Assets<\/a> (AGPA), through a <a target=\"_blank\" href=\"https:\/\/lunate.com\/\" style=\"\" rel=\"noopener\">Lunate<\/a> -managed investment fund, according to a <a target=\"_blank\" href=\"https:\/\/lunate.com\/en\/news-insights\/announcements\/sofaz-invests-in-adnoc-gas-pipeline-infrastructure-through-lunate\" style=\"\" rel=\"noopener\">press release<\/a>. The gas pipeline infrastructure network is subject to a long-term usage agreement between AGPA and Adnoc.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">AGPA might see new investors come on board this year<\/strong><span style=\"background-color: transparent;\">, after US-based investment fund Global Infrastructure Partners (GIP), the unit\u2019s largest foreign stakeholder, was said to be <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/679f1d82-c0a2-46fc-9bf2-cdf14364c7a0\/gip,%253cmark%253e-snam%253c%2Fmark%253e-spa-mull-offloading-adnoc-gas-pipeline-assets\" rel=\"noopener\">working with advisors<\/a><span style=\"background-color: transparent;\"> to gauge interest in acquiring its holding in AGPA, with Lunate mentioned as a potential buyer. A GIP-led consortium had acquired 49% of the company back in 2020 in a transaction that valued the entire network, including debt, at almost USD 21 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lunate \u2665\ufe0f Adnoc:<\/strong> Abu Dhabi-based alternative asset manager Lunate was reportedly set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fed52016-865b-4599-bdcb-a747b86b9cfd\/%253cmark%253elunate%253c%2Fmark%253e-to-snap-up-6%2525-additional-stake-in-adnoc-gas-pipelines\" style=\"\" rel=\"noopener\">acquire a 6% stake<\/a> in the gas pipeline unit from Italian gas network operator Snam SpA through Lunate\u2019s Long-Term Capital Fund I. The value of the acquisition wasn\u2019t disclosed, but Italian investment bank Mediobanca estimated that the stake could be valued at USD 200 mn, with a book value of EUR 135 mn. It had previously acquired a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ad1607d0-1836-4a38-9afc-5a5f7132592a\/lunate-snags-40%2525-of-adnoc-oil-pipelines-from-blackrock-and%253cmark%253e-kkr%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">40% stake<\/a> in Adnoc\u2019s oil pipeline asset network from BlackRock and KKR &amp; Co back in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Adnoc Gas Pipelines:<\/strong> The Adnoc subsidiary\u2019s portfolio includes a network of 38 gas pipelines spanning 982 km across the UAE, including 12 pipelines dedicated to sales, 15 for gas injection, and 11 for natural gas liquids.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lunate\/\">Lunate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-azerbaijan-relations\/\">UAE-Azerbaijan 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=\"104189 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=\"104189\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/104189-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104189\" class=\"content-area-description single-story post-104189 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104190\" 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=\"104190\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/amea-power-spains-cox-launch-infrastructure-focused-jv\/\">\r\n                            Amea Power + Spain\u2019s Cox launch infrastructure-focused JV                        <\/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\/30\/amea-power-spains-cox-launch-infrastructure-focused-jv\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n 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JV&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/amea-power-spains-cox-launch-infrastructure-focused-jv\/\">\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\/30\/amea-power-spains-cox-launch-infrastructure-focused-jv\/&title=Amea Power + Spain\u2019s Cox launch infrastructure-focused JV\">\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=Amea+Power+%2B+Spain%E2%80%99s+Cox+launch+infrastructure-focused+JV+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F30%2Famea-power-spains-cox-launch-infrastructure-focused-jv%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\/30\/amea-power-spains-cox-launch-infrastructure-focused-jv\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2498.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104191\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/amea-power-spains-cox-launch-infrastructure-focused-jv\/2498-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2498.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2498.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2498.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2498.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104190\" class=\"content-area-description single-story post-104190 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-amea-power tag-energy tag-infrastructure 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\/.0f2bd380-071c-4dba-b518-c08dbbc88de7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Amea + Cox shake hands: <\/strong>Spain\u2019s Cox and renewables firm Amea Power have formed a JV to co-develop and manage water and energy infrastructure projects across the Middle East, Africa, and Asia, according to a <a target=\"_blank\" href=\"https:\/\/www.ameapower.com\/cox-and-amea-power-launch-water-alliance-ventures-a-joint-venture-to-accelerate-water-and-energy-infrastructure-projects-in-the-middle-east-africa-and-asia\/\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership aims to leverage both firms\u2019 technical and financial capabilities to address resource challenges in high-demand regions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- <\/strong><span style=\"background-color: transparent;\">Amea Power holds a 3.76% stake in Cox, acquired during the latter\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/75491928-87b4-4d6d-89a9-ad3ade577d01\/\" rel=\"noopener\">IPO<\/a><span style=\"background-color: transparent;\"> last November. Amea Power was lining up plans to invest at least USD 100 mn in a desalination project in Morocco through Cox <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc0356cd-b335-4b91-b1f8-4107e5f0bab9\/\" rel=\"noopener\">last December<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amea Power has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/98c96946-e3be-4263-a3dc-4eb227458b08\/\" style=\"\" rel=\"noopener\">invested<\/a><\/strong><strong> about USD 2.5 bn so far in Africa across 20 countries<\/strong>, USD 2 bn of which is in Egypt alone, with plans to expand its investments in Asia. The company also has plans to go public during the next two to three years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About<\/strong><strong> Cox<\/strong><strong>:<\/strong> Headquartered in Spain, Cox is a water and energy company with a current concession portfolio of 5 water assets for up to 945k cubic meters per day, six energy generation projects and two transmission line concessions, according to the press release. Cox operates under a concession-based business model, and is complemented by engineering, procurement, and operations &amp; maintenance services. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/amea-power\/\">AMEA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/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=\"104192\" 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=\"104192\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/\">\r\n                            Fitch forecasts 15% correction for Dubai home prices                        <\/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\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/\" 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\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/')\">\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\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/\">\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=Fitch forecasts 15% correction for Dubai home prices&url=https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/\">\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\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/&title=Fitch forecasts 15% correction for Dubai home prices\">\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=Fitch+forecasts+15%25+correction+for+Dubai+home+prices+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F05%2F30%2Ffitch-forecasts-15-correction-for-dubai-home-prices%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\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2063.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104193\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/fitch-forecasts-15-correction-for-dubai-home-prices\/2063-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2063.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2063.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2063.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2063.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104192\" class=\"content-area-description single-story post-104192 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-dubai tag-enterpriseam-uae tag-fitch-ratings 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\/.03b671df-a966-4336-903a-fdb3369bfdff.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fitch <\/strong><strong>forecasts Dubai home price correction: <\/strong>Fitch Ratings expects Dubai residential real estate prices to undergo a moderate correction in the second half of 2025 after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1db65421-378b-42de-b37d-2b095405d84e\/dubai-real-estate-transactions-hit-record-aed-761-bn-in-2024\" style=\"\" rel=\"noopener\">peaking in 2024<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/corporate-finance\/dubai-property-prices-to-drop-issuers-have-rating-buffers-28-05-2025\" style=\"\" rel=\"noopener\">research note<\/a>. The agency expects prices to decline, though not by more than 15%, and expects any declines to be absorbed by developers and banks to avoid rating downgrades. This is helped further by improved leverage from developers and lower levels of real estate financing among banks, which have improved capital cushions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">We\u2019ve been expecting this: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/12047409-0932-4f7f-92c8-e10c9c723ec7\/this-morning:-emirates-nbd-to-set-up-unit-in-india-%2B-ex-magellan-trader-files-complaints-over-alleged-regulatory-breaches\" rel=\"noopener\">This month<\/a><span style=\"background-color: transparent;\">, Fitch Ratings\u2019 Paul Gamble also forecast that real estate could see a \u201cmodest correction\u201d in prices owing to the amount of supply coming to the market, but the government is expected to be able to manage the supply effectively. Multiple other agencies have forecasted a moderation in price growth, including Knight Frank, which forecast an <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/effa129f-34c4-4be5-9b7a-39350354b277\/dubai-home-prices-to-rise-8%2525-next-year--%253cmark%253eknight-frank%253c%2Fmark%253e.\" rel=\"noopener\">8% price increase<\/a><span style=\"background-color: transparent;\"> in properties for 2025, down from double-digit growth in 2024. Moody\u2019s also <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fda5172-163e-4828-a9f2-4089911ecf8f\/this-morning:-alpha-data-likely-to-price-ipo-at-top-of-range-%2B-is-sidara%25e2%2580%2599s-acquisition-of-wood-group-back-on-the-table%3F\" rel=\"noopener\">expects<\/a><span style=\"background-color: transparent;\"> a price dip or stabilization over the coming 12-18 months.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Prices for residential units increased approximately 60% between 2022 and 1Q 2025<\/strong>. This demand stemmed from post-pandemic immigration and increased investor interest. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expect price corrections to affect properties outside of prime locati<\/strong><strong>ons<\/strong>, with those in prime locations usually showing more resilience during periods of correction, Fitch said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The record number of new projects in the pipeline since 2023-24 are expected to add about 250k units to supply.<\/strong> Deliveries will spike in 2026, with the 120k units planned for handover dwarfing the 30k units delivered in 2024 and 90k in 2025. Fitch expects new units to cause an average 16% annual increase in housing supply between 2025 and 2027, outpacing expected population growth of around 5%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New supply is expected to add pressure on rental yields<\/strong>, which have already declined 30 basis points between 2H 2024 and 1Q 2025 to 7.4%. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fitch-ratings\/\">Fitch Ratings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104194\" 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=\"104194\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/dfm-listed-firms-outpaced-abu-dhabis-in-terms-of-earnings-growth-in-1q-2025\/\">\r\n                            DFM-listed firms outpaced Abu Dhabi\u2019s in terms of earnings growth in 1Q 2025                        <\/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\/30\/dfm-listed-firms-outpaced-abu-dhabis-in-terms-of-earnings-growth-in-1q-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104195\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/dfm-listed-firms-outpaced-abu-dhabis-in-terms-of-earnings-growth-in-1q-2025\/1166-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1166.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104194\" class=\"content-area-description single-story post-104194 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-abu-dhabi tag-adx tag-capital-markets tag-dfm tag-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\/.a8cb5891-78ae-420f-a951-6d175c52d894.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai<\/strong><strong>-listed companies saw their net income jump 35.5% y-o-y to AED 29.2 <\/strong><strong>bn in 1Q <\/strong><strong>2025<\/strong>, outpacing Abu Dhabi, where ADX-listed firms posted a 10.2% y-o-y increase to AED 34.2 bn, according to Kamco Invest\u2019s latest corporate earnings reports from the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2469.pdf\" style=\"\" rel=\"noopener\">DFM (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2468.pdf\" style=\"\" rel=\"noopener\">ADX (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Main drivers: <\/strong><span style=\"background-color: transparent;\">In Dubai, the financial, real estate, and telecom sectors together contributed over 88% of the total earnings \u2014 a more diversified mix than in Abu Dhabi, where growth was more narrowly driven by the banking sector, as well as strong contributions from Emirates Telecom, Adnoc Gas, and Alpha Dhabi Holding.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s banking sector remained the single largest earnings contributor<\/strong>, with financials up 50.7% y-o-y to AED 19.5 bn. Gains at Commercial Bank of Dubai (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b75d138c-ec06-41ff-aada-746c917a0f48\/more-banks-report-1q-earnings\" style=\"\" rel=\"noopener\">+18.1%<\/a>), Dubai Islamic Bank (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3a9a4cca-6782-4ddd-8251-b1700fc3ea4e\/dib-and-palms-sports-saw-net-income-rise-in-1q-2025\" style=\"\" rel=\"noopener\">+9.2%<\/a>), and Emirates Islamic Bank (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/992ac2f5-fc0b-48e1-a3cd-8460f4afc43d\/%253cmark%253eemirates%253c%2Fmark%253e-nbd-beat-earnings-estimates-in-1q\" style=\"\" rel=\"noopener\">+24.4%<\/a>) helped offset a 7.3% drop at Emirates NBD to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/992ac2f5-fc0b-48e1-a3cd-8460f4afc43d\/%253cmark%253eemirates-nbd%253c%2Fmark%253e-beat-earnings-estimates-in-1q\" style=\"\" rel=\"noopener\">AED 6.2 bn<\/a>, which was weighed down by higher impairments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate earnings climbed 34% y-o-y to AED 6.1 bn<\/strong>, led by Emaar Properties (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be961d13-b087-4ffa-abcb-3d0ed90dc48d\/earnings-updates-keep-coming\" style=\"\" rel=\"noopener\">AED 3.7 bn, +27%<\/a>) and Emaar Development (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be961d13-b087-4ffa-abcb-3d0ed90dc48d\/earnings-updates-keep-coming\" style=\"\" rel=\"noopener\">AED 1.9 bn, +48.3%<\/a>). Tolling and parking revenues from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6c667112-b967-4316-974f-1a4874cfcf88\/more-1q-earnings-roll-in\" style=\"\" rel=\"noopener\">Salik<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42a292f7-63be-435c-a3b2-9e4276d514bd\/earnings-season-has-yet-to-let-up\" style=\"\" rel=\"noopener\">Parkin<\/a> helped bolster the industrial segment\u2019s revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s banking sector was its main driver of earnings growth<\/strong>, with financials rising 31.1% y-o-y to AED 12.6 bn, accounting for nearly 37% of ADX earnings. First Abu Dhabi Bank led with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c9072f46-5a20-4a7d-953f-473f15793120\/1q-earnings-continue-to-pour-in\" style=\"\" rel=\"noopener\">AED 5.1 bn (+23.5%)<\/a>, while Abu Dhabi Islamic Bank reported gains of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b75d138c-ec06-41ff-aada-746c917a0f48\/more-banks-report-1q-earnings\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b75d138c-ec06-41ff-aada-746c917a0f48\/more-banks-report-1q-earnings\" style=\"\" rel=\"noopener\">+20.6%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b75d138c-ec06-41ff-aada-746c917a0f48\/more-banks-report-1q-earnings\" style=\"\" rel=\"noopener\"><\/a> to AED 1.5 bn and Abu Dhabi Commercial Bank reported a 17.3% uptick to AED 2.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Telecom earnings rose 99.8% to AED 6.5 bn<\/strong>, thanks primarily to Emirates Telecom (e&amp;), which posted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c9072f46-5a20-4a7d-953f-473f15793120\/1q-earnings-continue-to-pour-in\" style=\"\" rel=\"noopener\">AED 5.4 bn, a 129.9% y-o-y increase<\/a>. Real estate also performed well, up 62.7% y-o-y to AED 1.6 bn, driven by Aldar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c9072f46-5a20-4a7d-953f-473f15793120\/1q-earnings-continue-to-pour-in\" style=\"\" rel=\"noopener\">25.7%<\/a> earnings increase. Energy earnings rose 11.2%, led by Adnoc Gas (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b112fda3-de7c-4782-8291-d2af11a012e8\/%253cmark%253eadnoc-gas%253c%2Fmark%253e,-du-turn-in-strong-1q-earnings-reports,-while-alpha-dhabi-sees-bottom-line-dip\" style=\"\" rel=\"noopener\">+7%<\/a>) and Adnoc Drilling (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be961d13-b087-4ffa-abcb-3d0ed90dc48d\/earnings-updates-keep-coming\" style=\"\" rel=\"noopener\">+24.2%<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But not all sectors fared well: <\/strong>In Dubai, utilities (-20.9%) and consumer discretionary (-52%) weighed on earnings, dragged down by Dewa and Talabat. In Abu Dhabi, industrials slumped 64%, tempering broader index gains.<\/p>\n<p class=\"tag-border-left\">THE REGIONAL PICTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC-listed companies saw aggregate earnings rise 2.0% y-o-y to USD 58.6 bn in 1Q 2025<\/strong>, driven by continued strength in banking, telecoms, and real estate, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2467.pdf\" style=\"\" rel=\"noopener\">GCC earnings report (pdf)<\/a>. Banking sector earnings hit USD 16 bn (+10% y-o-y) \u2014 a record high \u2014 led by strong growth in Saudi Arabia, Abu Dhabi, and Bahrain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Telecoms were the breakout sector,<\/strong> with earnings up 45.3% y-o-y to USD 3.5 bn, thanks to Emirates Telecom, STC, and Zain Group. Real estate followed with a 55.5% y-o-y gain to USD 2.9 bn, bolstered by strong contributions from UAE and Saudi developers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, the energy sector remained a drag<\/strong>, with earnings falling 5.7% y-o-y to USD 28.3 bn amid weaker oil prices and a 7.5% decline in Saudi Aramco\u2019s earnings. Stripping out Aramco, GCC earnings rose 10.7%, underscoring the resilience of the region\u2019s non-oil economy.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104196\" 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=\"104196\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/credit-demand-sustains-strong-growth-in-1q-2025-cbaue\/\">\r\n                            Credit demand sustains strong growth in 1Q 2025 -CBAUE                        <\/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\/30\/credit-demand-sustains-strong-growth-in-1q-2025-cbaue\/\" 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 survey, based on 290 responses from senior credit officers at licensed financial institutions across Abu Dhabi, Dubai, and the Northern Emirates, highlights rising credit activity across all emirates and sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Business loan demand gained more momentum in 1Q,<\/strong><span style=\"background-color: transparent;\"> with 58.3% of respondents reporting higher demand, while only 4.5% noted a decline. Abu Dhabi saw the strongest growth, with demand rising moderately across all emirates. The growth was fueled by \u201crobust economic conditions, working capital needs, and solid investment,\u201d according to the survey. <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de99c7ca-e5e5-427c-893c-647f2478599d\/this-morning:-cbuae-cuts%253cmark%253e-rates%253c%2Fmark%253e-by-25-bps-in-line-with-the-fed-%2B-adia-hits-usd-1-tn-aum-milestone\" rel=\"noopener\">Interest rates<\/a><span style=\"background-color: transparent;\"> were also a key driver of credit demand since they were cut in December.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All sectors witnessed an increase in loan demand<\/strong>, with large firms taking the lead, followed by SMEs and government-related entities (GREs). The retail and wholesale trade saw the highest growth rate, followed by construction, manufacturing, property development, and electricity, gas &amp; water sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead,<\/strong> business credit demand is expected to continue to see gains over 2Q 2025, led by large firms. \u201cAll economic sectors are expected to see higher demand growth, with the most significant increases in construction, retail and wholesale trade, manufacturing, and property development,\u201d according to the survey.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Personal loan demand also rose during 1Q,<\/strong> with Dubai taking the lead, boosted by strong economic conditions, rising incomes and a favorable interest rate influence. Housing loans, credit cards and personal loans saw the highest demand. \u201cFinancial institutions' willingness to extend personal loans has been primarily driven by a positive economic outlook, alongside improving bank asset quality and stable borrower creditworthiness,\u201d according to the survey. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Positive outlook: <\/strong>Financial institutions anticipate further growth in loan demand, with robust economic conditions and rising incomes expected to support future demand, particularly for credit cards, personal, housing, and car loans. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Premiums<\/strong> <strong>on riskier loans, maximum LTV\/LTI ratios, and non-interest fees &amp; charges for personal loans rose during the quarter<\/strong>, while the spread of loan rates over the cost of funds narrowed marginally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The share of rejected personal loan applications also saw a marginal increase during the quarter<\/strong>, as greater rejection rates in credit card applications and car loans outweighed the drop in housing-related loan rejections. Despite this, financial institutions showed an increased appetite for lending, supported by a strong economic outlook, improved asset quality, and stable borrower creditworthiness.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104199\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/mubadala-taqa-complete-acquisition-of-majority-stakes-in-uzbekistan-power-plant\/561-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/561.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"561.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/561.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/561.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104198\" class=\"content-area-description single-story post-104198 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-airports tag-abu-dhabi-investment-office tag-also-on-our-radar tag-aviation tag-decarbonization tag-dubai-aerospace-enterprise tag-dubai-holding tag-dubai-international-financial-center tag-emaar tag-emsteel tag-energy tag-infrastructure tag-kezad tag-ma tag-manufacturing tag-moodys tag-mubadala tag-real-estate tag-sustainability tag-taqa tag-trade tag-trading 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\/.9c634cf0-a3a4-44a5-a701-144b4765cc25.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala <\/strong><strong>and Taqa snap up stake in Uzbekistan power plant:<\/strong> Abu Dhabi sovereign wealth fund Mubadala and Abu Dhabi National Energy Company (Taqa) have completed the acquisition of an 875 MW gas-fired power plant at Uzbekistan\u2019s Talimarjan Power Complex, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2480.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 style=\"background-color: transparent;\">Ownership breakdown:<\/strong><span style=\"background-color: transparent;\"> The partners each hold 40% stakes in the TPP1 plant through the newly established Talimarjan Power Plant 1 \u2014 with Uzbekistan\u2019s JSC Talimarjan Issiqlik Elektr Stansiyasi (TIES) retaining the remaining 20% stake. Talimarjan Operations and Maintenance, an entity established to operate the plant, is under the same ownership structure. The plant operates under a 25-year Power Purchase Agreement with JSC Uzenergosotish, and comes amid the ongoing privatization of Uzbekistan\u2019s energy sector.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taqa is active in Uzbekistan:<\/strong> Taqa Water Solutions inked an MoU <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3a63422-e68c-48a6-b7d9-3c5c40601e3f\/taqa-agrees-aed-2-bn-water-treatment,-pipeline-project-in-uzbekistan\" style=\"\" rel=\"noopener\">earlier this year<\/a> with Uzbekistan\u2019s New Tashkent City Directorate to develop a 65 km raw water pipeline and a water treatment plant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER TAQA NEWS- <\/strong><strong>Taqa <\/strong><strong>distribution inked an MoU with Abu Dhabi Air<\/strong><strong>ports to explore joint work <\/strong><strong>on energy and water infrastructure across the capital\u2019s airports<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2505.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The partnership aims to bring public network standards and smart technologies to private utility operations, including maintenance tools and CRM systems. Taqa also recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bbdd97f9-949e-4d4e-b98e-bd1f80265455\/mashreq-is-now-the-first-uae-bank-to-offer-instant-payments-for-smes\" style=\"\" rel=\"noopener\">partnered with Emsteel<\/a> to provide utilities work across Abu Dhabi\u2019s industrial zones.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Emaar <\/strong><strong>earns Baa1 upgrade from Moody\u2019s: <\/strong>Moody\u2019s has upgraded Emaar Properties\u2019 long-term issuer rating to Baa1 from Baa2, with a stable outlook, according to a report seen by EnterpriseAM UAE. The upgrade reflects Emaar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be961d13-b087-4ffa-abcb-3d0ed90dc48d\/earnings-updates-keep-coming\" style=\"\" rel=\"noopener\">AED 127 bn sales backlog<\/a>, which it says provides strong revenue visibility over the next three years, alongside a growing recurring income portfolio expected to reach nearly AED 10 bn by 2027. Moody\u2019s also pointed to the company\u2019s conservative financial profile \u2014 marked by low leverage, ample liquidity, and strong interest coverage \u2014 as key credit strengths.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also upgraded: <\/strong>Emaar Sukuk Limited\u2019s backed senior unsecured bonds were raised to Baa1, and its medium-term note program to (P)Baa1, with a stable outlook maintained for both.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What could move the rating: <\/strong>Moody\u2019s flagged Emaar\u2019s concentrated exposure to Dubai\u2019s real estate market, intensifying competition, and execution risks linked to large-scale projects as potential constraints.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Meraas <\/strong><strong>awards AED 300 mn Elara contract to Al Sahel: <\/strong>Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED 300 mn to Al Sahel Contracting Company for Elara, which is phase seven of the Madinat Jumeirah Living (MJL) masterplan, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/meraas-awards-over-aed300mln-construction-contract-for-phase-7-of-madinat-jumeirah-living-elara-yaqoowhb\" style=\"\" rel=\"noopener\">press release<\/a>. The contract comes following Al Sahel\u2019s handover of the first four phases and near-completion of phase five.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s coming: <\/strong>Scheduled for delivery in 4Q 2026, Elara will comprise three residential towers offering 234 units, including one- to three-bedroom apartments and four-bedroom penthouses, along with amenities.<\/p>\n<p class=\"tag-border-left\">DECARBONIZATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emsteel + Finland decarbonization collaboration: <\/strong><a target=\"_blank\" href=\"https:\/\/www.emsteel.com\/\" style=\"\" rel=\"noopener\">Emsteel<\/a> has inked an agreement with Finland\u2019s decarbonization firm <a target=\"_blank\" href=\"https:\/\/www.magsort.com\/\" style=\"\" rel=\"noopener\">Magsort<\/a> to advance decarbonized cement production, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emsteel-leads-first-industrial-scale-use-of-decarbonised-cement-in-the-region-s55b2yxb\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership builds on a pilot completed <a target=\"_blank\" href=\"https:\/\/www.emsteel.com\/press\/emirates-steel-arkan-and-magsort-collaborate-in-the-first-industrial-pilot-project-to-reduce-cement-co2-footprint-up-to-15\/\" style=\"\" rel=\"noopener\">in February<\/a>, where the two companies processed 10k tonnes of steel slag at Emsteel\u2019s Al Ain site for cement production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The model uses waste from Emsteel\u2019s operations in Abu Dhabi as input for cement production<\/strong>, creating a circular system. A dedicated production line is being built at Al Ain plant to refine steel residue and produce low carbon cement at scale.<\/p>\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><a target=\"_blank\" href=\"https:\/\/deltacoatings.com\/\" style=\"\" rel=\"noopener\">Delta Coatings<\/a><\/strong><strong> has broken ground on a new global headquarters and manufacturing<\/strong><strong> hub <\/strong>at Dubai Industrial City, set to triple its current output and warehouse space, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/delta-coatings-breaks-ground-on-eco-friendly-hq-to-triple-production-and-power-next-gen-polyurea-coating-solutions-d1x47yxe\" style=\"\" rel=\"noopener\">press release<\/a>. The facility \u2014 scheduled for completion by December 2025 \u2014 will be partially powered by renewables and include a new R&amp;D lab focused on polyurea coatings for harsh climates, and training and service hub for Graco HPCF spray equipment. The site will feature warehouses with digital inventory systems, open-plan workspaces, and customer demo zones. <\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ta\u2019ziz taps Wood for methanol plant consultancy:<\/strong> Ta\u2019ziz \u2014 a joint venture between Adnoc and ADQ \u2014 awarded UK-based global consulting and engineering company Wood Group a project management consultancy contract for the UAE's first methanol production facility, according to a <a target=\"_blank\" href=\"https:\/\/www.woodplc.com\/news\/latest-press-releases\/2025\/wood-selected-as-consultancy-for-first-major-uae-methanol-plant\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The facility in Al Ruwais Industrial City will produce 1.8 mn tons of methanol annually using clean energy technology<\/strong>, making it one of the world's largest methanol plants. Construction is expected to wrap in 2028. Approximately 40 Wood consultants will support Ta\u2019ziz\u2019s engineering, procurement, and construction contractor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The same Wood?<\/strong> Wood Group has been the target of a proposed takeover by Dubai\u2019s Sidara for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de98445d-93db-4679-a8ea-e4fb0f1e69be\/%253cmark%253esidara%253c%2Fmark%253e-gets-access-to-due-diligence-on-wood-group\" style=\"\" rel=\"noopener\">past year<\/a> following a series of on and off bids. Sidara had until 15 May to submit a formal takeover offer, but the deadline was <a target=\"_blank\" href=\"https:\/\/www.woodplc.com\/news\/latest-press-releases\/2025\/extension-of-pusu-deadline-15-may\" style=\"\" rel=\"noopener\">extended<\/a> another time to 12 June as they continue to work on the offer\u2019s pre-conditions. <\/p>\n<p class=\"tag-border-left\">UTILITIES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Esyasoft to boost Abu Dhabi groundwater management: <\/strong>The Abu Dhabi Energy Department has signed an MoU with Dubai-based, IHC-backed tech firm Esyasoft to advance technical cooperation in groundwater management, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/37j0rqjw-%D8%AF%D8%A7%D8%A6%D8%B1%D8%A9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D9%88%D8%A2%D8%B3%D9%8A%D8%A7-%D8%B3%D9%88%D9%81%D8%AA-%D9%8A%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement will focus on deploying smart monitoring and analytics tools \u2014 including field sensors, cloud computing, data dashboards, and connected devices \u2014 to track and model underground and surface water more efficiently. <\/p>\n<p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu <\/strong><strong>Dhabi + GCFC sign MoU on climate finance: <\/strong>The Abu Dhabi Energy Department and Global Climate Finance Center (GCFC) have signed an MoU to support the implementation of Abu Dhabi\u2019s finance strategy, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjx2t4h-department-energy-abu-dhabi-global-climate-finance\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement enables capacity building, knowledge exchange, and financing for energy and water efficiency projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Areas of cooperation include developing financing instruments for energy and water infrastructure, capital structuring tools, technical support for regulators, developers, and financial institutions, investment-focused policy, and meetings for pipeline development. GCFC will also head up the Finance Track of the 2026 UN Water Conference.<\/p>\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>#<\/strong><strong>1- <\/strong><strong>Kerno <\/strong><strong>launches enterprise servers post-AED 100 mn investment: <\/strong>Emirati enterprise IT infrastructure manufacturer Kerno invested AED 100 mn in its first production-ready enterprise server units, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/kerno-announces-first-ai-server-operations-in-the-uae-with-aed-100mln-investment-during-make-it-in-the-emirates-bn8kwl4d\" style=\"\" rel=\"noopener\">press release<\/a>. Its OKAM servers, using Intel and AMD chipsets, target corporate data centers and cloud services, while its UQLEAD systems are used for AI model training and high-performance computing. The servers serve regional and international markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Adio<\/strong><strong>, Metal Park to launch advanced industries center in Kezad: <\/strong>The Abu Dhabi Investment Office (Adio) and local metal player Metal Park will set up a 5 mn sq ft \u201ccenter of excellence for advanced industries\u201d at Kezad, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9\/%D9%85%D9%83%D8%AA%D8%A8-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%88%D8%B4%D8%B1%D9%83%D8%A9-%D9%85%D9%8A%D8%AA%D8%A7%D9%84-%D8%A8%D8%A7%D8%B1%D9%83-%D9%8A%D8%AA%D8%B9%D8%A7%D9%88%D9%86%D8%A7%D9%86-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84%D8%AA%D9%85%D9%8A%D8%B2-%D9%84%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AA%D9%82%D8%AF%D9%85%D8%A9-wgpynqpv\" style=\"\" rel=\"noopener\">press release<\/a>. The hub will provide infrastructure and digital ecosystems to help companies prototype, test, and scale technologies including AI, robotics, and autonomous logistics. It is slated to open in 4Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The two sides also inked an <a target=\"_blank\" href=\"https:\/\/www.metalpark.net\/blog\/304\" style=\"\" rel=\"noopener\">earlier agreement<\/a> to build an Industry 4.0 Competence Center, also in Kezad, focused specifically on digitizing the metals manufacturing value chain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Metal Park launched phase one of its AED 110 mn storage facility in Kezad <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b05c8c07-35ad-4c88-9cf2-8876e94df9a4\/adnoc-taps-aiq-for-usd-340-mn-agentic-ai-deployment\" style=\"\" rel=\"noopener\">earlier this year<\/a>, with direct access to Khalifa Port, Etihad Rail, and major UAE highways.<\/p>\n<p class=\"tag-border-left\">RAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Itamin<\/strong><strong>as taps<\/strong><strong> Hafeet Rail to expand its regional iron exports:<\/strong> Hafeet Rail inked a cooperation agreement with Brazilian iron ore producer Itaminas Comerico de Minerios (Itaminas) to support iron and steel supply chains in Brazil, Oman, and the UAE, <a target=\"_blank\" href=\"https:\/\/timesofoman.com\/article\/158680-hafeet-rail-itaminas-sign-agreement-to-develop-sustainable-logistics-solutions-for-steel-industry\" style=\"\" rel=\"noopener\">Times of Oman<\/a> reports. The pair aim to establish a network for the transportation of iron ore through Hafeet\u2019s Rail infrastructure and Sohar Port. Iraminas is aiming to expand its exports to the region via Brazil\u2019s Sudeste Port \u2014 which currently boasts a 6.5 mn ton annual production capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The UAE\u2019s Etihad Rail, Mubadala, and Oman\u2019s Asyad Group launched a new entity \u2014 Hafeet Rail \u2014 to work on a railway connecting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/19df2c84-4ba2-47f4-8277-08b9127e2142\/today:-egypt-secures-agreements-to-liquefy-and-re-export-cypriot-gas-%2B-pif-to-up-logistics,-transport-investments-by-60%2525-in-2025\" style=\"\" rel=\"noopener\">the UAE to Oman<\/a>. The rail link is set to cut travel between Abu Dhabi and Sohar to 100 minutes, with freight trains moving at 120 km\/h and passenger trains carrying up to 400 people at 200 km\/h.<\/p>\n<p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tourmaline <\/strong><strong>opens DIFC office: <\/strong>US-based outsourced trading firm Tourmaline Partners has opened its first Middle East office in Dubai International Financial Center (DIFC) as part of its global expansion strategy, according to a DIFC <a target=\"_blank\" href=\"https:\/\/www.difc.com\/whats-on\/news\/tourmaline-partners-expands-global-footprint-with-dubai-international-financial-centre-office\" style=\"\" rel=\"noopener\">statement<\/a>. The new office will serve as a regional hub, offering buy-side firms tailored trading solutions across equities, derivatives, and ETFs. Kish Desai (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kishandesai?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), formerly based in the firm\u2019s London office, will serve as senior executive officer.<\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Azorra taps D<\/strong><strong>AE for 49 jets:<\/strong> US-based aircraft lessor Azzor will uptake 49 Embraer E-Jet aircrafts and two general electric CF-34 engines from homegrown Dubai Aerospace Enterprise (DAE), according to a <a target=\"_blank\" href=\"https:\/\/azorra.com\/2025\/05\/28\/azorra-agrees-to-acquire-aircraft-portfolios-from-dae\/\" style=\"\" rel=\"noopener\">statement<\/a>. The aircraft are earmarked for lease to 12 global customers, says the statement, without disclosing further details. DAE inked agreements to offload <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36b5686e-9508-47dd-b43e-72c5c85ad36c\/dubai-aerospace-enterprise-to-sell-75-aircraft\" style=\"\" rel=\"noopener\">75 air carriers to Azzora<\/a> and another undisclosed party this week \u2014 with the latter party slated to acquire 25 off-production jets.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-airports\/\">Abu Dhabi Airports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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                    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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\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emsteel\/\">Emsteel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/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\/ma\/\">M&amp;A<\/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\/moodys\/\">Moody\u2019s<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taqa\/\">Taqa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trading\/\">trading<\/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=\"104200\" 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=\"104200\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/ma-activity-surged-in-the-region-in-1q-2025\/\">\r\n                            M&amp;A activity surged in the region in 1Q 2025                        <\/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  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     <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/ma-activity-surged-in-the-region-in-1q-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1202.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104201\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/ma-activity-surged-in-the-region-in-1q-2025\/1202-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1202.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1202.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1202.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1202.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104200\" class=\"content-area-description single-story post-104200 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-ma 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\/.37e80b23-e74a-4d7a-ac67-d1fc8016ab52.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>MENA dealmaking surged in 1Q, with M&amp;As jumping 66% y-o-y in valu<\/strong><strong>e to USD 46 bn <\/strong>across 225 transactions (up 31% y-o-y) driven by \u201cregulatory reforms, policy shift and a favorable macroeconomic outlook,\u201d EY MENA Leader Brad Watson said in the firm\u2019s latest <a target=\"_blank\" href=\"https:\/\/www.ey.com\/en_ae\/newsroom\/2025\/05\/mena-region-recorded-225-m-a-deals-with-a-value-of-us46b-during-q1-2025#:~:text=According%20to%20the%20latest%20EY,%2427.6b%20in%20Q1%202024\" style=\"\" rel=\"noopener\">M&amp;A insights<\/a> report. The UAE dominated the region\u2019s M&amp;A league table as the top target country in 1Q with 63 transactions totaling USD 20.3 bn, followed by Kuwait (USD 2.3 bn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Cross-border activity hit a five-year high in 1Q<\/strong><span style=\"background-color: transparent;\">, driving the bulk of growth. M&amp;As with companies based in different countries accounted for 81% of the region\u2019s total transaction value and 52% of volume across 117 plays in the first three months of the year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The value of domestic transactions hit USD 8.7 bn, up 5x y-o-y. <\/strong>Transactions in the technology sector accounted for 37% of total domestic M&amp;As value, and 27% of their volume. G42\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/687f4e35-3585-46c7-9adc-a21f28150e5c\/e&amp;-sells-stake-in%253cmark%253e-khazna%253c%2Fmark%253e,-while-mgx-buys-in\" style=\"\" rel=\"noopener\">USD 2.2 bn acquisition<\/a> of a 40% stake in Khazna Data Centers was the region\u2019s largest domestic M&amp;A last quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quarter saw more M&amp;A capital outflows than inflows: <\/strong>Outbound M&amp;A activity hit USD 19.7 bn, representing 43% of total transaction value in the region. Saudi Arabia and the UAE alone made up 77% of outbound activity by volume and 94% by value. The UK was the region\u2019s top target country by dealcount in 1Q, while Canada and Peru led in outbound value, thanks to Adnoc and OMV\u2019s joint acquisition of Canada\u2019s Nova Chemicals for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/46ad08b5-3b9f-44ce-ab12-62c88fa77e81\/adnoc,-omv-want-to-acquire-mubadala%25e2%2580%2599s-nova-chemicals\" style=\"\" rel=\"noopener\">USD 6.3 bn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inbound M&amp;A value clocked in at USD 17.6 bn last quarter<\/strong>, representing a 7x y-o-y increase.The UAE captured the bulk of inbound funds into the region, accounting for 53% of all inbound transactions and nearly all of the total value (99%) fueled by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">the USD 60 bn merger<\/a> of Adnoc and Austrian energy giant OMV\u2019s polyolefin businesses. Austria topped the investor chart, making up 94% of the UAE\u2019s total inbound value. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Keep an eye on these sectors: <\/strong>The MENA M&amp;A pipeline looks strong for the rest of 2025, with more action expected in consumer, tech, and energy. And with AI set to shake up how value is created, it\u2019s expected that more investment will flow into the tech space, said Anil Menon, EY\u2019s head of M&amp;A and Equity Capital Markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ANOTHER AREA THAT COULD SEE MORE CONSOLIDATION-<\/strong> <strong>The banking sector in the GCC<\/strong>, according to Fitch Ratings, which expects sustained lower oil prices and weaker global demand to put pressure on GCC bank operating environments, \u201cleading to weaker profitability and acting as a catalyst for M&amp;A as banks seek to diversify their revenues and increase scale,\u201d the ratings agency said in a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/banks\/gcc-bank-consolidation-may-accelerate-due-to-lower-oil-prices-28-05-2025\" style=\"\" rel=\"noopener\">report<\/a>. Fitch argues that smaller banks may be on the M&amp;A radar, citing their \u201cweaker franchises, and often higher funding costs and thinner capital buffers.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most GCC banking sectors are \u201coverbanked,\u201d <\/strong>with a big number of banks operating relative to population size \u2014 more than 150 banks operate across the region, half of which are domestic commercial banks. A lot of the banks have common shareholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While the majority of GCC bank M&amp;As have been domestic, Fitch expects \u201ca gradual shift towards regional transactions<\/strong>, citing Kuwait Finance House\u2019s takeover of Ahli United Bank as an example. A few GCC banks have also expressed their interest in expanding beyond the region, but Fitch warns that this may entail additional risks, \u201cespecially for acquisitions in more macroeconomically volatile markets, such as Turkey and Egypt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE could see more consolidation of Islamic banks: <\/strong>\u201cThe UAE\u2019s ambitious domestic Islamic finance strategy may lead to further M&amp;A involving Islamic banks,\u201d Fitch said, also citing <a target=\"_blank\" href=\"https:\/\/www.dib.ae\/about-us\/news\/2020\/01\/22\/dib-completes-the-acquisition-of-noor-bank\" style=\"\" rel=\"noopener\">Dubai Islamic Bank\u2019s 2020 acquisition of Noor<\/a>. Other local Islamic banks have been acquired by Emirates NBD and Abu Dhabi Commercial Bank, with the aim of supporting financing and deposit growth.<\/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 this morning<\/strong> amid uncertainty over the fate of US tariffs, as well as inflationary pressures in Japan and fears of a slowing US economy. Japan\u2019s Nikkei led declines, while mainland China\u2019s CSI 300 was flat at the open. <strong>Over on Wall Street<\/strong>, futures are little changed following a good day for US indexes. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\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>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\">9,745<\/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: +3.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,493<\/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: +6.4%)<\/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\">4,545<\/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: -9.1%)<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% 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\">10,990<\/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: -8.8%)<\/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\">32,697<\/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: +9.9%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,912<\/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: +0.5%)<\/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>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\">8,716<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +6.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,371<\/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: +9.8%)<\/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 64.11<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/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 3.55<\/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\">+0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,339<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 106,305<\/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% (YTD: +12.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.65<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (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>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">143.3<\/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\">+0.1% (YTD: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">19.18<\/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: +11%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX remained flat yesterday<\/strong> on turnover of AED 1.7 bn. The index is up 3.5% 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>Sudatel Telecommunications Group (+12.5%), Emirates Ins. Co (+9.6%), and Abu Dhabi National Co. for Building Materials (+3.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Ins. House (-6.2%), Alef Education Holding (-2.5%) and National Corporation for Tourism &amp; Hotels (-2.2%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.6% on turnover of AED 844.3 mn. Meanwhile, Nasdaq Dubai was down 0.5%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/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=\"104202\" 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=\"104202\">\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\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/my-morning-routine-mark-chahwan-group-ceo-and-co-founder-at-sarwa\/\">\r\n                            My Morning Routine: Mark Chahwan, group CEO and co-founder at Sarwa                        <\/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\/30\/my-morning-routine-mark-chahwan-group-ceo-and-co-founder-at-sarwa\/\" 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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Speaking to us this week is Mark Chahwan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/markchahwan\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), group CEO and co-founder at <a target=\"_blank\" href=\"https:\/\/www.sarwa.co\/en\" style=\"\" rel=\"noopener\">Sarwa<\/a>. <strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">I'm Mark Chahwan, co-founder and group CEO of Sarwa.<\/strong><span style=\"background-color: transparent;\"> I grew up in between Montreal and Beirut. I studied finance at McGill University, and had a deep interest in investing early on. I worked in management consulting for a couple of years, and then started Sarwa with my best friends in 2017, where the mission is to help people invest and make money outside of their salary. Outside of Sarwa, I recently became a dad and I enjoy fitness and surfing.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We always hear \u201cdon't mix business and friends\u201d but for us, it\u2019s been the best thing. <\/strong>It\u2019s very scary to launch something on your own. When the idea of Sarwa came, I was in Montreal and a lot of people who would move to Dubai would ask me how they should invest their money. I found that people didn't know their options, whereas in Canada, we had investment platforms that were helping people get started. I felt that there was a gap, and we realized that the banks weren't doing a good job at making investing accessible.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We're not taught how to invest in school or about money in general.<\/strong> We felt like there was a big problem to solve, because people want to do things on their own and we want to allow them to control their own experience with investing to match their values and interests, as opposed to getting certain products pushed to them so a salesperson can meet their target. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Several things make us stand out.<\/strong> The first one is the simplicity of Sarwa, from the name to the educational content to the onboarding experience and design and language we use. I think it comes from the young team we have that wants to build something that reflects the expectations of today\u2019s world. The second one is choice. There\u2019s a lot available on the platform \u2014 people can buy and sell stocks, or crypto, or options, or they can have a higher yield savings account or invest in private companies. The kind of product offering that Sarwa has built is very extensive, so that you don't need to have many different apps. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re also profitable and count Mubadala among our backers<\/strong>, and I think that's something that a lot of people care about more as they grow their wealth, especially with situations like in Egypt, and Lebanon where there\u2019s been a lot of wealth destruction from poor governance. I think ultimately the value we bring in terms of educational content and community events also signals that we will go that extra mile to help people ultimately get better returns on their investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The worst thing you can do in times of volatility is to panic sell.<\/strong> Volatility is inevitable, and I view these moments as an opportunity for Sarwa to educate people about similar periods in the past and show them how resilient the stock market is. And I think it\u2019s working \u2014 in April, we've seen a record amount of deposits, because people have almost rewired their thinking from panic-driven selling to thinking we should actually buy while markets are falling and prices are down. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US equities are still doing really well in terms of inflows.<\/strong> We\u2019ve also seen increased investments in broad-based ETFs, which made a comeback in April, probably because there was confusion around which companies will be impacted by the volatility, so people started to diversify more than usual. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What also gained popularity is options trading<\/strong>, which is driven by a need for protection against sharp rises or sharp falls. Crypto and gold were also popular in May. There's a very good balance, which I really like at the moment, between risky assets and protection against downturns. That\u2019s really positive behavior, especially because a lot of our customers are super young. 80% are millennials and Gen Z, so they have a risk appetite, but they\u2019re doing it responsibly. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I'll typically gravitate towards one team a month. <\/strong>What's good is that we have identified a leader for each team so they\u2019re not relying on me to progress; it\u2019s more about where I can add value.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One thing that\u2019s a constant each week is that we have a Slack channel where we say what we're going to work on<\/strong> for the week ahead. I think that\u2019s important to make sure you\u2019re doing what you said you were going to do. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a good day, I aim to have some focus time, like a couple of hours in the morning<\/strong> \u2014 which is why I try not to book meetings early in the day \u2014 just to leave time for explorations, thinking about strategy, or a campaign or product, and about how to improve things. I\u2019m usually woken up by my son in the morning, I make coffee and then he follows me around the house. Typically, I like to read a bit \u2014 usually some fiction \u2013 or hit the gym. And sometimes, more so on the weekend, I\u2019ll go for a surf. There\u2019s Sunset Beach in the UAE, but I\u2019ll also take advantage of good surf spots outside of the UAE when I\u2019m traveling, like in Portugal now or back in Lebanon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My favorite book to recommend is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.amazon.com\/Antifragile-Things-That-Disorder-Incerto\/dp\/0812979680\" style=\"\" rel=\"noopener\">Antifragile<\/a><\/strong><strong> by Nassim Nicholas Taleb.<\/strong> It\u2019s a very complete book combining a lot of wisdom and philosophy from thousands of years. It has very useful insights on how to avoid some pitfalls. I\u2019ve been reading almost once a year for the last couple of years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a professional level, the short-term goal is to reach more than USD 1 bn in assets<\/strong>; we\u2019re at USD 600 mn as of April. I think a big part of our impact is in how much people are saving and how much is being put on the platform, so I think five years from now, that should reach USD 5-10 bn. Profitability was a big one that we reached last year, and now it's more about unlocking more ways to reinvest that income for customers, employees, and shareholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a personal level, my goal is to keep up with the growth of the company<\/strong>, because to have managed and started Sarwa with just a handful of people and an MVP, to now a very different company, it\u2019s important to scale the company while staying lean, and using technology and AI to do a better job at that. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A few pieces of advice I\u2019ve cherished: <\/strong>Give the benefit of the doubt \u2014 a colleague of mine told me this when it comes to seeing something you don\u2019t like, to look at why something may have happened before assuming the worst. Another one is to attack the problem, not the person. This is really important at a startup, because a lot of times, when someone isn\u2019t doing well, they just haven\u2019t been set up for success. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sarwa\/\">Sarwa<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104204\" 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\/30\/104204-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104204\" class=\"content-area-description single-story post-104204 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><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 style=\"font-weight:400;\">26-30 May (Monday-Friday): Dubai Chamber of Commerce is set to go on a trade mission to the Philippines and Thailand. <\/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;\">31 May (Saturday): Opec+ meeting, expected to decide on July output levels.<\/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>1 June<\/span><span> (Sunday): The International Businesswomen\u2019s Conference, Bab Al Qasr Hotel, 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;\">5 June (Thursday): Arafat Day, public holiday. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-9 June (Friday-Tuesday) Eid Al Adha, public holiday TBD. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 June (Wednesday\u2013Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/china-home-life-2025\/\" style=\"\">China Home Life Expo<\/a><\/span><span>, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 June (Wednesday\u2013Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/international-appliance-and-electronics-show-2025\/\" style=\"\">International Appliances and Electronics Show<\/a><\/span><span>, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 June (Thursday): Deadline for Sidara to submit a formal takeover bid to Wood Group. <\/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\u2013Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/middle-east-event-show-2025\/\" style=\"\">Middle East Event Show<\/a><\/span><span>, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span 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>, Abu Dhabi Energy Center.<\/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.dwtc.com\/en\/events\/ev-live-2025\/\" style=\"\">EVCharge Live Middle East<\/a><\/span><span>, Dubai World Trade Center.<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/solar-and-storage-live-2025\/\" style=\"\">Solar & Storage Live<\/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>24-25 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/mobility-live-middle-east-2025\/\" style=\"\">Mobility Live Middle East<\/a><\/span><span>, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>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>18-23<\/span><span> December (Thursday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/ar\/article\/15lb243-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%E2%80%9C%D8%A3%D9%84%D8%B9%D8%A7%D8%A8-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84-2025%E2%80%9D-%D8%AF%D9%8A%D8%B3%D9%85%D8%A8%D8%B1-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\" style=\"\">Games of the Future<\/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 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;\">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 style=\"font-weight:400;\"> 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\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: MENA\u2019s M&#038;A activity surged in 1Q<\/p>\n","protected":false},"featured_media":104181,"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-104180","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"564bacb0-1969-4602-b495-63437f103afc","teaser":"Plus: MENA\u2019s M&A activity surged in 1Q","photo_url":"https:\/\/ent.news\/2024\/2\/1893.jpg"},"yoast_head":"<!-- This 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