{"id":104315,"date":"2025-06-04T00:00:00","date_gmt":"2025-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=104315"},"modified":"2025-12-15T03:58:01","modified_gmt":"2025-12-15T03:58:01","slug":"abu-dhabi-trade-rises-in-1q","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/abu-dhabi-trade-rises-in-1q\/","title":{"rendered":"Abu Dhabi trade rises in 1Q"},"content":{"rendered":"<section id=\"104317\" 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=\"104317\">\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\/06\/04\/abu-dhabis-g42-among-key-backers-in-neuralink-series-e-round\/\">\r\n                            THIS MORNING: Abu Dhabi\u2019s G42 among key backers in Neuralink series E round                        <\/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\/06\/04\/abu-dhabis-g42-among-key-backers-in-neuralink-series-e-round\/\" 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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Abu Dhabi is out with its 1Q 2025 trade figures, Edge landed a AED 9 bn supply contract for Kuwait\u2019s Defense Ministry, and ADGM\u2019s latest data shows a jump in AUM and new licenses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- It\u2019s PMI day:<\/strong> S&P Global\u2019s purchasing managers\u2019 index for the UAE is set to be released shortly after we hit \u201csend\u201d on this morning\u2019s issue. We\u2019ll have the full rundown in Monday morning\u2019s edition of EnterpriseAM UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** A QUICK PROGRAMMING NOTE BEFORE WE DIVE IN-<\/strong> EnterpriseAM UAE is off tomorrow and after for the Eid Al Adha holiday, and will be back in your inboxes at the usual time on Monday. <\/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>G42 <\/strong><strong>joins Neuralink\u2019s USD 650 mn funding round: <\/strong>Elon Musk\u2019s Neuralink raised USD 650 mn in a series E round with Abu Dhabi AI giant G42 among its key backers, alongside ARK Invest, Founders Fund, Sequoia, and others, according to a <a target=\"_blank\" href=\"https:\/\/neuralink.com\/blog\/neuralink-raises-650m-series-e\/\" style=\"\" rel=\"noopener\">statement<\/a>. The funding will support expanded patient access and further development of its brain-computer interface technology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE is set to host Neuralink\u2019s first international human trials under the UAE-PRIME program, in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61090e9f-001a-43dd-8d7e-c222e63839e8\/uae-eyes-musk-backed-tech\" style=\"\" rel=\"noopener\">partnership<\/a> with Cleveland Clinic Abu Dhabi and the Department of Health. The trials will implant Neuralink\u2019s chip in quadriplegic patients, aiming to restore motor and communication functions by enabling brain-controlled interaction with digital devices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>Huda <\/strong><strong>Beauty is once again fully-founder owned: <\/strong>Founder and Co-CEO of <a target=\"_blank\" href=\"https:\/\/hudabeauty.com\/\" style=\"\" rel=\"noopener\">Huda Beauty<\/a> Huda Kattan bought back <a target=\"_blank\" href=\"https:\/\/www.tsgconsumer.com\/\" style=\"\" rel=\"noopener\">TSG Consumer Partners<\/a> \u2019 minority stake in the company for an undisclosed sum, reclaiming full control of the globally renowned beauty brand, according to <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/huda-beauty-reclaims-full-ownership-as-an-independent-beauty-brand-302471853.html\" style=\"\" rel=\"noopener\">a press release<\/a>. We reported in February that HUDA Beauty plans <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bd23cc5-b111-4fe9-aa8d-b64f45deb578\/%253cmark%253ehuda-beauty%253c%2Fmark%253e-spins-off-fragrance-line-kayali-to-co-founder-mona-kattan\" style=\"\" rel=\"noopener\">to spin off its fragrance arm<\/a>, giving Kattan runway to buy back the US PE firm\u2019s stake, which was acquired in 2017.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- Former <\/strong><strong>Lebanese<\/strong><strong> Prime Minister Saad Hariri is launching an Abu Dhabi-based<\/strong> <strong>investment firm<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-03\/ex-lebanese-pm-sets-up-abu-dhabi-investment-firm-targeting-ai\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter. <a target=\"_blank\" href=\"https:\/\/newreg.adgm.com\/s\/public-registrar?entityid=001NM00000FCa0gYAD\" style=\"\" rel=\"noopener\">Genesis SPV<\/a> will invest across global tech while prioritizing AI ventures and Hariri is listed as its sole shareholder.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Hariri has maintained close ties to the UAE\u2019s National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan since his move to Abu Dhabi in 2022, as the emirate looks to become a global leader in AI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Rising ins. premiums are changing how UAE consumers spend: <\/strong>Soaring ins. costs are prompting UAE residents to reassess their spending habits and prioritize long-term financial stability, <a target=\"_blank\" href=\"https:\/\/gulfbusiness.com\/rise-in-insurance-premiums-hit-uae-consumer-spend\/\" style=\"\" rel=\"noopener\">Gulf Business<\/a> reports, citing a new NielsenIQ (NIQ) survey. Over half of consumers surveyed reported recent increases in ins. premiums, with more than 80% expecting further hikes, particularly in auto ins. The shift has fueled stronger interest in cost-saving features, such as no-claims discounts, loyalty rewards, and reduced-coverage policies, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Ins. premiums in the UAE have surged in recent months, with motor ins. rates up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8119e07c-76e2-4739-a487-69649b72ab7f\/this-morning:-bank-assets-rose-to-aed-4.6-tn-in-2024-%2B-abu-dhabi-inflation-fell-in-january\" style=\"\" rel=\"noopener\">15-20% y-o-y<\/a> and home ins. premiums rising <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4df2ed4-1449-414b-b848-1c2042665207\" style=\"\" rel=\"noopener\">10-15%<\/a> in the wake of last year\u2019s record floods. Industry experts have pointed to reinsurer pressure and elevated climate-related claims as key drivers, warning of continued double-digit hikes across most categories.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Consumers want predictability: <\/strong>The NIQ survey found that 76% of UAE consumers are interested in multi-year fixed-rate auto ins. policies to protect against future price shocks. Another 70% said they are willing to pay a premium for products that offer durability and longevity, underscoring a shift toward more strategic, stability-driven spending. <\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong>Dubai <\/strong><strong>Future District Fund (DFDF) supported 190 startups with <\/strong><strong>USD 1.7 bn<\/strong><strong> in capital<\/strong><strong> commitments across 2024<\/strong>, according to a DIFC <a target=\"_blank\" href=\"https:\/\/www.difc.com\/whats-on\/news\/dubai-future-district-fund-drives-capital-commitments\" style=\"\" rel=\"noopener\">statement<\/a>. Support came in the form of direct investments as well as fund initiatives. Among DFDF\u2019s key focus areas for 2025 are expanding capital deployment and channeling funds to build economic resilience.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Planning to get around during Eid Al Adha? Here\u2019s what you need to know<\/strong>, according to the Dubai\u2019s Roads and Transport Authority (<a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/rta-announces-service-hours-during-eid-al+adha-holiday-1446+h\" style=\"\" rel=\"noopener\">RTA<\/a>).<\/p>\n<ul>\n<li><strong>Dubai Metro + Tram: <\/strong>The metro\u2019s red and green lines will operate from 5am to 1am daily between today until Saturday, while the tram will run from 6am to 1am on the same dates.<\/li>\n<li><strong>Public buses: <\/strong>Bus Route E100 from Al Ghubaiba will be suspended from today until Sunday, but you can use the E101 from Ibn Battuta or E102 from Al Jafiliya to Zayed Intl. Airport as alternatives. The S\u2019hail app has updated holiday schedules.<\/li>\n<li><strong>Marine transport: <\/strong>Service timings are available <a target=\"_blank\" href=\"https:\/\/rta.ink\/4ieNSa0\" style=\"\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parking\u2019s on pause:<\/strong> Public charges will be suspended from Thursday until Sunday, except at multi-level terminals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>RTA to revam<\/strong><strong>p Wasl Road:<\/strong> The RTA launched a project to expand Al Wasl Road from its intersection with Umm Suqeim Street over a strait spanning 15km with two three-lane carriageways, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/ar\/news\/2025\/june\/03-06\/rta\" style=\"\" rel=\"noopener\">statement<\/a>. The project features plans to develop six intersections and implement five tunnels spanning 3.85 km. The revamp project is slated to cut journey time by half and boost capacity to 12k vehicles per hour in both directions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project is part of a larger Dubai street makeover project,<\/strong> with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/374842a7-6448-49b1-a9ca-32d917b5e837\/tsmc-is-reviving-potential-plans-for-a-usd-multi-bn-advanced-chip-factory-in-the-uae\" style=\"\" rel=\"noopener\">RTA planning on<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/374842a7-6448-49b1-a9ca-32d917b5e837\/tsmc-is-reviving-potential-plans-for-a-usd-multi-bn-advanced-chip-factory-in-the-uae\" style=\"\" rel=\"noopener\">upgrading<\/a> the section of Umm Suqeim Street between Jumeirah Street and Al Khail Road, as well as upgrading key intersections along Al Qudra Road.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The annual midday break for outdoor workers is coming into effect from 15 June<\/strong><strong> through to 15 September<\/strong>, with workers taking a break from 12:30 pm until 3pm, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk01z89-mohre-implement-midday-break-for-21st-consecutive\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Employers found in violation of the rule face fines of AED 5k per worker, and up to AED 50k for multiple violations. Companies are required to provide shaded areas, cooling equipment, and water to workers during the midday break. Exceptions exist for essential sectors such as water, electricity, traffic management, and road work. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Dubai <\/strong><strong>publishes unified<\/strong><strong> financial services guidebook: <\/strong>The Dubai Department of Economy and Tourism released the <a target=\"_blank\" href=\"https:\/\/www.investindubai.gov.ae\/insights-and-resources\/news-insights\/-\/media\/Files\/faqs\/financial-services-guidebook-2025-en1.pdf\" style=\"\" rel=\"noopener\">Dubai Financial Services Unified Guidebook<\/a>, developed in collaboration with the DFSA, DIFC, VARA, Nasdaq Dubai, Dubai Financial Market, and Al Tamimi & Co, according to a <a target=\"_blank\" href=\"https:\/\/www.dfsa.ae\/news\/dfsa-contributes-new-unified-guidebook-financial-services-dubai\" style=\"\" rel=\"noopener\">press release<\/a>. The guidebook consolidates information on regulatory frameworks, licensing, and jurisdictional boundaries for financial services firms considering operations in the emirate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No one story is dominating the world\u2019s digital front pages this morning, but one <\/strong><strong>personality is \u2014 and I think you know who. <\/strong>On day 135 of Trump\u2019s second term, his administration is once again turning up the heat on trade partners, sending out letters this week to trade partners,demanding that they submit their best tariff offers by today \u2014 or risk the return of sweeping duties next month with the end of the 90-day trade war pause. So far, only a limited agreement with the UK has been reached, while talks with the EU, India, Vietnam, and other nations drag on. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-03\/us-sent-letters-to-trade-partners-ahead-of-deadline-for-talks?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/us-pushes-countries-best-offers-by-wednesday-tariff-deadline-looms-2025-06-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also headlining many of the world's press outlets is Elon Musk\u2019s chaotic split with this <\/strong><strong>former boss at the White House. <\/strong>Despite Musk\u2019s claims to be standing back from politics, it seems he can\u2019t quite resist the limelight, <a target=\"_blank\" href=\"https:\/\/x.com\/elonmusk\/status\/1929955052527202503\" style=\"\" rel=\"noopener\">taking to X to issue a fiery tirade<\/a> torching Trump\u2019s signature tax-and-spend bill as a \u201cdisgusting abomination\u201d and a \u201cpork-filled\u201d disaster. \u201cIt will massively increase the already gigantic budget deficit to USD 2.5 tn,\u201d Trump\u2019s former bn\u2019aire backer said, adding that it will lead to \u201ccrushingly unsustainable debt.\u201d (<a target=\"_blank\" href=\"https:\/\/apnews.com\/live\/donald-trump-news-updates-6-3-2025\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/jun\/03\/elon-musk-trump-tax-bill-disgusting-abomination\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/14de01cf-4a34-4d9c-92e4-dbd7e1981e52\" style=\"\" rel=\"noopener\">Financial Times<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104320\" 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=\"104320\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">TRADE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/abu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025\/\">\r\n                            Abu Dhabi\u2019s non-oil foreign trade up 25.7% y-o-y 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\/06\/04\/abu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Abu Dhabi\u2019s non-oil foreign trade up 25.7% y-o-y in 1Q 2025&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/abu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025\/\">\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\/06\/04\/abu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025\/&title=Abu Dhabi\u2019s non-oil foreign trade up 25.7% y-o-y in 1Q 2025\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Dhabi%E2%80%99s+non-oil+foreign+trade+up+25.7%25+y-o-y+in+1Q+2025+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F04%2Fabu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025%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\/06\/04\/abu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104321\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/abu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025\/574-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"574.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104320\" class=\"content-area-description single-story post-104320 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-abu-dhabi tag-enterpriseam-uae tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.b9b1fbc6-6ce9-4f61-a549-8fbdadf7f67b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi\u2019s no<\/strong><strong>n-oil foreign trade hit AED 89.6 bn in 1Q 2025,<\/strong><strong> marking a 25.7% y-o-y <\/strong><strong>increase<\/strong>, according to import and export data from January, February, and March (<a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/269.pdf\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/270.pdf\" style=\"\" rel=\"noopener\">here<\/a>, and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/271.pdf\" style=\"\" rel=\"noopener\">here<\/a>) from Abu Dhabi\u2019s statistics center. Imports for the quarter settled at AED 34 bn, while total exports \u2014 including re-exports \u2014 accounted for AED 55.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Abu Dhabi\u2019s non-oil foreign trade grew <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e907329e-00d9-4f35-af64-66056de80cec\/abu-dhabi%E2%80%99s-non-oil-foreign-trade-volume-reached-aed-306-bn-in-2024\" style=\"\" rel=\"noopener\">7.6% to AED 306 bn<\/a> in 2024. Imports fell 3% y-o-y to AED 35 bn, while exports and re-exports increased 30.2% y-o-y to AED 42.8 bn, widening its trade surplus to AED 7.8 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE ? Switzerland: <\/strong>Switzerland was the largest importer of non-oil goods in terms of value, amounting to AED 14.5 bn. The Swiss were followed by India with AED 6.4 bn and Saudi Arabia with AED 6.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Export values for major commodities in 1Q: <\/strong>The top export during the quarter was pearls, precious stones, and precious metals, valued at AED 22.7 bn. This was followed by ordinary metals and their derivatives landing at AED 6 bn, then by plastics, rubber and its derivatives at AED 4.4 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the imports side:<\/strong> Audio and video recording equipment look the lead valued at AED 8 bn, followed by base metals at AED 7.9 bn and transport equipment at AED 5.8 bn. China was the nation\u2019s top importer, with goods imported worth AED 4.6 bn, while KSA trickled behind at AED 3.7 bn, followed by the US at AED 3.6 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104322\" 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=\"104322\">\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\">FINANCIAL SERVICES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/adgm-sees-33-surge-in-aum-67-jump-in-new-licenses-in-1q\/\">\r\n                            ADGM sees 33% surge in AUM, 67% jump in new licenses in 1Q                        <\/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\/06\/04\/adgm-sees-33-surge-in-aum-67-jump-in-new-licenses-in-1q\/\" 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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A total of 119 fund and asset managers were managing 184 funds out of ADGM by the end of the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The number of new licenses issued to operate in the ADGM rose 67% y-o-y in 1Q. <\/strong>The total number of operational entities within the financial center rose 43% to 2.8k by the end of 1Q, and the number of financial service providers located in the financial center jumped 26% to 367 in the same period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADGM<\/strong><strong> issued 3.5k new work permits to businesses establishing themselves on Al Reem<\/strong><strong> Island in 1Q<\/strong>, where a total of 1.1k new entities are now operating under ADGM\u2019s expanded jurisdiction. This includes 600 new businesses, and more than 500 companies that migrated to an ADGM license.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Legal clarity can go a long way in attracting investors:<\/strong> ADGM has been attracting investors through an autonomous legal system based on the English common law, which offers legal clarity and familiarity to international firms, the press release notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026as can financial incentives: <\/strong>ADGM cut commercial licence fees for non-financial and retail businesses by at least 50% in January, replacing its tiered model with a flat AED 1k fee to make setup easier for SMEs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some of the names that have recently opened shop in the ADGM include<\/strong> global law firm <a target=\"_blank\" href=\"https:\/\/www.skadden.com\/\" style=\"\" rel=\"noopener\">Skadden<\/a>, PE firm <a target=\"_blank\" href=\"https:\/\/www.investindustrial.com\/\" style=\"\" rel=\"noopener\">Investindustrial<\/a>, <a target=\"_blank\" href=\"https:\/\/www.newvest.com\/\" style=\"\" rel=\"noopener\">NewVest<\/a>, global alternative asset manager <a target=\"_blank\" href=\"https:\/\/www.arcapita.com\/\" style=\"\" rel=\"noopener\">Arcapita<\/a>, <a target=\"_blank\" href=\"https:\/\/www.polencapital.com\/\" style=\"\" rel=\"noopener\">Polen Capital<\/a>, sustainable finance player <a target=\"_blank\" href=\"https:\/\/www.olivegaea.com\/\" style=\"\" rel=\"noopener\">Olive Gaea<\/a>, <a target=\"_blank\" href=\"https:\/\/ton.org\/\" style=\"\" rel=\"noopener\">The Open Network<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.aquila-group.com\/\" style=\"\" rel=\"noopener\">Aquila Group<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Swiss digital asset firm Bitcoin Suisse <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b34fa62-d590-4f56-a25f-4e94f4b467f9\/deutsche-bank-%2B-bitcoin-suisse-receive%253cmark%253e-adgm%253c%2Fmark%253e-permits\" style=\"\" rel=\"noopener\">last month<\/a> secured preliminary approval from the ADGM Financial Services Regulatory Authority for its Middle East subsidiary BTCSto offer virtual asset trading, crypto securities, derivatives, and custody services in ADGM. Deutsche Bank also secured financial service permission from the authority to conduct regulated activities including arranging credit and investment transactions, as well as advising on investment or credit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New moves in play that could impact businesses in the ADGM:<\/strong> The financial hub\u2019s Registration Authority last month proposed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44656c3a-9727-455f-89f0-ac584a43b0fd\/new-rules-for-legal,-tax,-and-csp-firms-at%253cmark%253e-adgm%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">stricter rules for legal, tax, and company service providers<\/a>, including tougher licensing criteria, mandatory professional indemnity ins. of USD 2 mn, and clearer separation of services to avoid conflict of interests and maintain confidentiality. These changes aim to raise professional standards, but we are yet to see how they will impact ADGM\u2019s business attractiveness in the months ahead.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-services\/\">financial services<\/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=\"104324\" 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=\"104324\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/esg-unifies-real-estate-ops\/\">\r\n                            IHC\u2019s Emirates Stallions Group consolidates real estate arm under new holding company                        <\/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\/06\/04\/esg-unifies-real-estate-ops\/\" 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 new entity brings together its firms <a target=\"_blank\" href=\"https:\/\/rdcuae.com\/\" style=\"\" rel=\"noopener\">Royal Development Company<\/a>, which has managed upwards of 60 projects in more than 15 countries, and <a target=\"_blank\" href=\"https:\/\/www.rapmuae.com\/\" style=\"\" rel=\"noopener\">Royal Architect Project Management<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What it does: <\/strong>Royal Development Holding will expand ESG\u2019s footprint across 20+ global markets, offering end-to-end development capabilities. The new platform is positioned as a boutique developer building lifestyle and sustainability-driven communities. Tariq Nazzal (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/tariq-nazzal-19ba9634?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) will serve as general manager.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The launch supports ESG\u2019s growth strategy by listing its real estate development and project management companies under the new entity. ESG recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fe61e9df-200f-4d3e-aaeb-abd1084cd82f\/ihc,-blackrock,-lunate-partner-on-usd-1-bn-reins.-platform\" style=\"\" rel=\"noopener\">opened a new branch<\/a> in Saudi Arabia and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b34fa62-d590-4f56-a25f-4e94f4b467f9\/deutsche-bank-%2B-bitcoin-suisse-receive-adgm-permits\" style=\"\" rel=\"noopener\">acquired warehouse space<\/a> in the kingdom, as it looked to capitalize on an uptick in demand on the back of the country\u2019s ongoing infrastructure push.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, its parent IHC has also been busy<\/strong>, launching a wave of new verticals this year, including a global AI-powered reinsurer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fe61e9df-200f-4d3e-aaeb-abd1084cd82f\/%253cmark%253eihc%253c%2Fmark%253e,-blackrock,-lunate-partner-on-usd-1-bn-reins.-platform\" style=\"\" rel=\"noopener\">with BlackRock and Lunate<\/a>, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf77f2a2-ef14-4eb6-bb6e-f1ec65427413\/adq,-and%253cmark%253e-ihc%253c%2Fmark%253e-launch-a-platform-to-speed-up-large-scale-infrastructure-projects\" style=\"\" rel=\"noopener\">Gridora infrastructure platform<\/a> with ADQ and Modon, and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0105708b-2063-4650-be0d-8dcdd50be427\/make-it-in-the-emirates:-day-three-brings-defense,-maritime,-and-tech-partnerships\" style=\"\" rel=\"noopener\">UAE-built global AI marketplace<\/a>. In 2024, it also rolled out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0b9e6c2-32b1-4ebd-9731-4e0de46bdeab\/IHC%20establishes%20new%20trading%20holdco%20dubbed%20Rorix%20Holdings\" style=\"\" rel=\"noopener\">Rorix Holdings<\/a>, focused on finance and trade facilitation, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d6306190-3d8d-4978-8256-05e11406e561\/new-ihc-holdco%253cmark%253e-2pointzero-%253c%2Fmark%253elaunches,-holds-aed-100-bn-portfolio\" style=\"\" rel=\"noopener\">2PointZero<\/a>, a AED 100 bn umbrella entity housing Chimera, Lunate, Citadel, Sagasse, Beltone, and others.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-stallions-group\/\">Emirates Stallions Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-holding-company\/\">International Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"104326 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=\"104326\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/104326-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104326\" class=\"content-area-description single-story post-104326 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104327\" 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=\"104327\">\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\">DEFENSE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/edge-signs-aed-9-bn-missile-boats-contract-with-kuwaits-defense-ministry\/\">\r\n                            Edge signs AED 9 bn missile boats contract with Kuwait\u2019s Defense Ministry                        <\/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\/06\/04\/edge-signs-aed-9-bn-missile-boats-contract-with-kuwaits-defense-ministry\/\" 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 agreement came during an official visit by Vice President Sheikh Mansour bin Zayed Al Nahyan to Kuwait yesterday, and will be the largest shipbuilding export in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what: <\/strong>Edge will act as the prime contractor, handling design, construction, trials, delivery, as well as integrated logistics support, in-service support, and ammunition supply. Edge\u2019s naval unit <a target=\"_blank\" href=\"https:\/\/adsb.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Ship Building<\/a> is the build subcontractor for the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FALAJ3-class? <\/strong>The FALAJ3-class is already in service with the UAE Navy, with the first vessel commissioned in early 2025. These boats offer advanced combat systems and capabilities that serve littoral defense missions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the latest in a series of agreements Edge signed with international partners this year<\/strong>, having recently partnered with Hungary\u2019s 4iG Space and Defence Technologies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/32ce03db-4fa6-4c91-a371-8b70351db0a6\/mashreq-taps-goldman-sachs-for-portfolio-services-for-its-wealth-management-clients-%2B-uae-and-google-cloud-to-establish-the-global-cyber-security-center-of-excellence\" style=\"\" rel=\"noopener\">in April<\/a> to co-develop unmanned aerial systems and space observation technologies, as well as with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da48496a-83be-4a7f-8858-91fa5174b7fb\/make-it-in-the-emirates:-final-day-delivers-more-financing-for-industrials-%2B-ev,-healthcare,-and-oil-and-gas-partnerships\" style=\"\" rel=\"noopener\">South African firm<\/a> to develop land systems equipment, and with European ship building group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/51ff4286-b82c-428c-a36a-c0803e25177e\/edge-and-cmn-naval-establish-eur-7-bn-shipbuilding-venture-in-abu-dhabi\" style=\"\" rel=\"noopener\">CMN Naval<\/a> on a shipbuilding JV. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kuwait\/\">Kuwait<\/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=\"104329\" 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=\"104329\">\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\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\">\r\n                            Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/&title=Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Alterra+backs+Italy%E2%80%99s+Absolute+Energy+with+EUR+50+mn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F04%2Falterra-backs-italys-absolute-energy-with-eur-50-mn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104330\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/1602-jpg-82\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1602.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104329\" class=\"content-area-description single-story post-104329 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-alterra tag-climate-finance tag-enterpriseam-uae tag-italy tag-renewables tag-solar-energy 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\/6\/.4d6e5043-2839-4263-8ffe-98ab98c2efcb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE-backed climate fund Alterra committed EUR 50 mn to Italian<\/strong><strong> renewables platform Absolute Energy<\/strong> via the Alterra Acceleration Fund, according to a <a target=\"_blank\" href=\"https:\/\/www.alterra.ae\/news\/alterra-backs-absolute-energy-to-develop-gigawatt-scale-renewable-energy-capacity-in-italy\" style=\"\" rel=\"noopener\">press release<\/a>. Absolute Energy specializes in small to medium-scale solar projects in Italy, which has a national target of upping its solar capacity to 46 GW by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The co-investment \u2014 made alongside US-based infrastructure firm I Squared Capital \u2014 will support the development of an initial 1.4 GW worth of solar and battery storage capacity across Italy, as well as Absolute Energy\u2019s broader development pipeline of over 6 GW. The move is predicted to avoid 380k metric tons of CO2 emissions annually in its initial phase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This marks the third co-investment for Alterra<\/strong>, which deployed USD 100 mn into Indian renewables firm Evren in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f5097ddf-dd17-436b-ac41-3a7e0e15c1ba\/\" style=\"\" rel=\"noopener\">April<\/a> \u2014 Alterra\u2019s first Global South Investment \u2014 alongside Brookfield and other co-investors. The fund, unveiled <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/903e6d02-4d23-4ff4-8e58-9ea7d4ce54df\/picking-up-where-cop27-left-off\" style=\"\" rel=\"noopener\">during COP28<\/a> and set to mobilize USD 250 bn in green investments by 2030, also deployed USD 100 mn to back French renewables developer Neoen, Alterra CEO Majid Al Suwaidi told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/uae-climate-fund-altrra-backs-absolute-energy-italy-renewables-project-2025-06-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The acceleration fund was struggling to deploy capital, amid what CEO Majid Al Suwaidi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2d5725bc-9608-4d77-8452-2272de9f9858\" style=\"\" rel=\"noopener\">described last year<\/a> as a lack of viable projects in the energy transition space. Alterra committed USD 6.5 bn to seven investment strategies managed by BlackRock, Brookfield Asset Management, and TPG, though the actual funds deployed are significantly less.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/alterra\/\">Alterra<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/climate-finance\/\">climate finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104331\" 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=\"104331\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/xrg-goes-global-under-five-year-plan\/\">\r\n                            XRG greenlights five-year growth plan across gas, chemicals, and energy platforms                        <\/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\/06\/04\/xrg-goes-global-under-five-year-plan\/\" 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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Back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3b5485f-2ceb-4eca-8651-21db2acc63c5\/this-morning:-adnoc%25e2%2580%2599s-xrg-plans-significant-investment-in-natural-gas-assets-in-the-us-%2B-eight-ipos-this-year%3F\" style=\"\" rel=\"noopener\">in March<\/a> XRG said it would make a \u201cvery large and significant investment,\u201d in the US and last month it was reported that XRG would <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36572208-fb61-4a1c-88b2-1484835f43d5\/\" style=\"\" rel=\"noopener\">soon begin deploying capital<\/a> \u2014 including in the US \u2014 after fine-tuning its internal strategy. The five-year strategy also builds on recent agreements in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6be1b3d5-6066-43b3-95f1-8d964408cdeb\/\" style=\"\" rel=\"noopener\">US<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/966537ba-477e-4d02-853c-48ac28ba0227\/\" style=\"\" rel=\"noopener\">Mozambique<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/940c83d7-18df-4abd-9d4c-d3c67e3e77ba\/\" style=\"\" rel=\"noopener\">Egypt<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fb45eafb-e921-4f73-adda-81b96c4d448f\/\" style=\"\" rel=\"noopener\">Turkmenistan<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is also moving to establish itself as one of the top three chemicals players<\/strong>, with the proposed formation of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/\" style=\"\" rel=\"noopener\">Borouge Group International<\/a> and the planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0abfec09-0af5-46a2-881e-323b858e62ee\/\" style=\"\" rel=\"noopener\">acquisition of a 91.3% stake in Covestro<\/a>, anchoring its chemicals portfolio. The platform will focus on polyolefins, performance materials, and new speciality chemicals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the energy front<\/strong>, XRG will scale up investments to capitalize on AI-driven power demand growth, particularly in the US, while advancing low-carbon opportunities in biofuels, CCS, and hydrogen. The board directed immediate execution of the plan, prioritizing the disciplined capital deployment, platform integration, and the full value chain expansion.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/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\/lng\/\">LNG<\/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\/xrg\/\">XRG<\/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=\"104333\" 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=\"104333\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/qora71-kicks-off-lead-investing-with-seed-round-into-evoost-ai\/\">\r\n                            Qora71 kicks off lead investing with seed round into eVoost AI                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/qora71-kicks-off-lead-investing-with-seed-round-into-evoost-ai\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n     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alt=\"\" data-attachment-id=\"104334\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/qora71-kicks-off-lead-investing-with-seed-round-into-evoost-ai\/2057-jpg-27\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2057.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2057.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2057.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2057.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104333\" class=\"content-area-description single-story post-104333 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-evoost-ai tag-proptech tag-qora71 tag-startup-watch tag-startups 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\/6\/.5372d991-b204-4308-82c2-f4c6b09774ba.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu <\/strong><strong>Dhabi-based proptech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/evoost.ai\/\" style=\"\" rel=\"noopener\">eVoost AI<\/a><\/strong><strong> has secured seed funding<\/strong><strong> from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.qora71.com\/\" style=\"\" rel=\"noopener\">Qora71<\/a><\/strong>, marking the syndicate\u2019s first lead investment, according to LinkedIn posts (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/moghamra_launching-moghamra-exclusives-a-new-series-activity-7335621277086273536--K5K?utm_source=share&utm_medium=member_desktop&rcm=ACoAADox4C4BEF2M1OJkaewcVSH_nzAS8pYnVQA\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/fwdstart_abu-dhabi-basedevoost-aihas-raised-seed-activity-7335635389623263232-pzW-?utm_source=share&utm_medium=member_desktop&rcm=ACoAADox4C4BEF2M1OJkaewcVSH_nzAS8pYnVQA\" style=\"\" rel=\"noopener\">here<\/a>). eVoost AI was founded by Cristian Pastrana (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/cgpastrana\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) in 2024 and uses emotional profiling and behavioral segmentation to provide real estate buyers with AI-driven virtual agents to offer personalized property recommendations and real-time analytics. The capital will be used to expand eVoot\u2019s AI-native real estate sales infrastructure globally.  <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And for Qora71? <\/strong>While Qora71 did not specify the size of the round, it will now support eVoost through its network of 114 angels to help the startup sign additional projects, Qora71 founder Youssef Salem (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/youssefsamysalem\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) told EnterpriseAM UAE. eVoost\u2019s substantial signed GMV value at seed stage, their exclusive-contracts business model, and the founding team\u2019s strong track record were behind Qora71\u2019s investment, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>eVoost has signed USD 1.9 bn in GMV<\/strong>, entered late-stage negotiations for an additional USD 1.5 bn, and activated 197 units across five projects. Its current rollout includes a partnership with an Emirati developer to manage digital sales funnels across the US, Europe, and Latin America.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qora71 has been actively investing in proptech<\/strong>, having recently led the pre-seed round of <a target=\"_blank\" href=\"https:\/\/roomz-eg.com\/\" style=\"\" rel=\"noopener\">Roomz<\/a>, and previously backed <a target=\"_blank\" href=\"https:\/\/partment.co\/\" style=\"\" rel=\"noopener\">Partment<\/a> and <a target=\"_blank\" href=\"https:\/\/www.hotdesk.com\/\" style=\"\" rel=\"noopener\">Hotdesk<\/a>, with more proptech investments in the pipeline, Salem added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evoost-ai\/\">eVoost AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/proptech\/\">proptech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/qora71\/\">Qora71<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104335\" 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=\"104335\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/new-cfo-at-agthia\/\">\r\n                            Agthia taps FMCG veteran and Flora Food Group exec as Group CFO                        <\/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\/06\/04\/new-cfo-at-agthia\/\" 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\/06\/04\/new-cfo-at-agthia\/')\">\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\/06\/04\/new-cfo-at-agthia\/\">\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=New CFO at Agthia&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/new-cfo-at-agthia\/\">\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\/06\/04\/new-cfo-at-agthia\/&title=New CFO at Agthia\">\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=New+CFO+at+Agthia+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F04%2Fnew-cfo-at-agthia%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\/06\/04\/new-cfo-at-agthia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/309.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104336\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/new-cfo-at-agthia\/309-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/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\/6\/309.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/309.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104335\" class=\"content-area-description single-story post-104335 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-agthia tag-enterpriseam-uae tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.0be58acd-b2e5-46f0-8410-f5a7a4e7a768.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agthia <\/strong><strong>Group<\/strong> has appointed <strong>Jeroen Nijs<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jeroen-nijs\/?originalSubdomain=nl\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new <strong>group <\/strong><strong>CFO<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/281.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. Nijs brings over 25 years of experience working with fast-moving consumer goods players including with Mondel\u0113z, Danone, and PepsiCo. He most recently served as Global Deputy CFO at Flora Food Group, where he led performance improvement and AI-driven revenue initiatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Agthia was on the lookout for a new CFO: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8af82e58-7f23-4d91-9297-6b09f9cb524f\/mashreq-appoints-new-director---head-of-debt-capital-markets-and-syndicate\" style=\"\" rel=\"noopener\">In January<\/a>, the company named Hala Hobeiche Katounas (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hala-hobeiche-katounas-8070442\/?original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2F&originalSubdomain=ca\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as acting CFO following the departure of Sherif Elfaham (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sherif-e-b88a8b2\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>). Katounas will now resume her position as head of M&A, the statement said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agthia\/\">Agthia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104337\" 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=\"104337\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/kuwait-investment-authority-latest-to-join-mgx-backed-aip\/\">\r\n                            Kuwait Investment Authority latest to join MGX-backed AIP                        <\/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 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                      <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/307.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104338\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/kuwait-investment-authority-latest-to-join-mgx-backed-aip\/307-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/307.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"307.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/307.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/307.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104337\" class=\"content-area-description single-story post-104337 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-artificial-intelligence tag-aviation tag-banking tag-central-bank-of-the-uae tag-crypto tag-energy tag-enterpriseam-uae tag-entertainment tag-fintech tag-healthcare tag-jafza tag-jebel-ali-free-zone tag-logistics tag-m42 tag-manufacturing tag-mgx tag-rakez tag-real-estate tag-ripple tag-sustainable-aviation-fuels tag-uae-india-relations tag-uae-kenya-relations tag-virtual-assets-regulatory-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.63b57216-7dbb-4969-8d22-7e0344b94956.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Kuwait\u2019s KIA<\/strong><strong> joins MGX\u2019s AI infrastructure fund<\/strong>: The <a target=\"_blank\" href=\"https:\/\/www.kia.gov.kw\/\" style=\"\" rel=\"noopener\">Kuwait Investment<\/a><a target=\"_blank\" href=\"https:\/\/www.kia.gov.kw\/\" style=\"\" rel=\"noopener\">Authority<\/a> (KIA) has joined the AI Infrastructure Partnership (AIP) as its first non-founding financial anchor investor, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/technology\/mgx-blackrock-global-infrastructure-partners-and-microsoft-welcome-kuwait-investment-authority-to-ai-infrastructure-partnership\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/15281c45-4a21-43a3-b3c6-4f3c8781c388\/big-moves-from-g42-and%253cmark%253e-mgx%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">AI Infrastructure Partnership<\/a> is an AI infrastructure fund founded by Abu Dhabi-based investment firm MGX, BlackRock, Global Infrastructure Partners, and Microsoft, and also includes <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ade7a113-6ab8-4af2-98d4-28a55a8851b6\/this-morning:-cbuae-holds-rates-steady-following-the-fed%25e2%2580%2599s-move-%2B-xai,-nvidia-join-mgx-backed-ai-infrastructure-partnership\" style=\"\" rel=\"noopener\">Nvidia and Elon Musk\u2019s xAI<\/a> among its partners. The group is looking to raise USD 30 bn from investors and deploy up to USD 100 bn, including from debt, into AI data centers and related infrastructure systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Aerospace MRO provider DTX launches: <\/strong>Dubai-based commercial maintenance, repair, and operation (MRO) provider <a target=\"_blank\" href=\"https:\/\/dtx.aero\/\" style=\"\" rel=\"noopener\">DTX Group<\/a> has launched its operations, according to a DTX <a target=\"_blank\" href=\"https:\/\/dtx.aero\/?p=4121\" style=\"\" rel=\"noopener\">statement<\/a>. The group currently operates a parts trading business in the USA and two MRO facilities in Brazil. DTX is on track to roll out a new regional MRO facility 3Q 2025, with additional expansion targeted in Africa and Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>DTX Group, headed up by Hussein Lookmanjee, was formerly the international arm of Drayton Aerospace. Lookmanjee is now the sole owner of DTX Group, having fully divested from Drayton after British private equity firm Lion Capital bought his remaining equity, and Drayton Aerospace\u2019s entities outside of China fall under DTX\u2019s remit now.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Emirates and Air China agreed to cooperate more across their respective cargo<\/strong> <strong>operations<\/strong> as well as develop a mutual codeshare on select routes, building on the pair's existing interline agreement, according to a <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-and-air-china-ink-memorandum-of-understanding-to-explore-enhanced-partnership\/\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement \u2014 signed on the sidelines of the World Air Transport Summit \u2014 aims to streamline travel links between the two countries as the airlines seek to evaluate how to coordinate flight schedules as well as adjust minimum connecting times.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Emirates <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42c6de1e-3ebe-4e54-b965-998965735bc8\/you-can-now-major-in-ai-at-mbzuai-%2B-g42-partners-on-ai-adoption-in-private-and-public-sectors\" style=\"\" rel=\"noopener\">is kicking off flights<\/a> to Shenzhen in mid-2025, as part of plans to increase its air traffic <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f05cdc9f-f3aa-4cc0-9006-ea1dfd75edf0\/adipec-%2B-uae-gov%25e2%2580%2599t-annual-meetings-kick-off\" style=\"\" rel=\"noopener\">to China by 40%<\/a> on the back of rising demand, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/13e33818-bff3-4a14-b025-a7ff9a7a1c05\/dfm,-taiwan-stock-exchange-eye-stock-market-cooperation\" style=\"\" rel=\"noopener\">plans to also launch<\/a> daily non-stop flights to Hangzhou effective 30 July. The airline already travels to Beijing, Guangzhou and Shanghai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wasco <\/strong><strong>Energy opens modular fabrication yard in Jafza: <\/strong>Malaysia-listed Wasco Berhad\u2019s energy services arm, Wasco Energy, has opened a new 25k sqm fabrication yard in Dubai\u2019s Jebel Ali Freezone (Jafza) to expand its modular engineering and infrastructure capabilities across the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/wascoenergy_modularengineering-energyinfrastructure-wascoenergy-activity-7335596557263675396-bQgD?utm_source=share&utm_medium=member_desktop&rcm=ACoAAECGRDUBHEJxU_12ypcWhtFbUb7ztXVT0mY\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The facility has an annual production capacity of 10k tons and will produce pre-assembled units and rack modules, gas compressor packages, substations, and e-houses for onshore and offshore projects. The site complements Wasco\u2019s existing fabrication hubs in Indonesia and Malaysia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENTERTAINMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE <\/strong><strong>grants music rights license to Music Nation: <\/strong>The Economy Ministry has issued its second collective music management license to music rights management organization Music Nation, authorizing it to manage music rights distribution and enforce compliance nationwide, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjzgk19-ministry-economy-awards-second-collective-music\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The license aligns with a push to strengthen the UAE\u2019s creative economy and comes as Dubai recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c58aa6c8-304e-4678-a5f3-d9848b0d1b77\/this-morning:-gcc-us-summit-in-saudi-arabia-next-week%3F-%2B-fed-kicks-off-interest-rate-meeting-today\" style=\"\" rel=\"noopener\">maintained its top position<\/a> as a greenfield FDI destination for creative projects. The ministry granted its first license to the Emirates Music Rights Association in <a target=\"_blank\" href=\"https:\/\/www.moec.gov.ae\/en\/-\/ministry-of-economy-licenses-emirati-musicians-association-to-safeguard-the-rights-of-creators-and-musicians-enhancing-competitiveness-of-uae-s-creative-economy\" style=\"\" rel=\"noopener\">April<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WEALTH MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India\u2019s <\/strong><strong>Spark <\/strong><strong>Global PWM expands to DIFC:<\/strong> Indian private wealth manager <a target=\"_blank\" href=\"https:\/\/sparkcapital.in\/\" style=\"\" rel=\"noopener\">Spark Capital<\/a> PMW has launched operations in the Dubai International Financial Center (DIFC) via its subsidiary Spark Global PWM Private Limited, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/spark-capital-pwm-establishes-strategic-presence-in-dubai-international-financial-centre-to-serve-global-investors-tq6wunir\" style=\"\" rel=\"noopener\">press release<\/a>. The move aims to deliver wealth management solutions to a wider range of clientele in the region and the office will be the headquarters of its regional operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes as part of a wider expansion drive<\/strong>, with the firm\u2019s assets under management and advisory surging from USD 360.2 mn in April 2023 to USD 3.6 bn in May 2025. Its team also was bolstered from 60 professionals to 400 strong.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s <\/strong><strong>Mawarid Finance + Bahraini AFS team up in credit card services:<\/strong> Dubai-based <a target=\"_blank\" href=\"https:\/\/mawarid.ae\/index.html\" style=\"\" rel=\"noopener\">Mawarid Finance<\/a> launched an application in partnership with Bahraini <a target=\"_blank\" href=\"https:\/\/www.afs.com.bh\/en\" style=\"\" rel=\"noopener\">Arab Financial Services<\/a> (AFS) on a new digital payment solutions application, according to an AFS <a target=\"_blank\" href=\"https:\/\/www.afs.com.bh\/en\/news\/afs-and-mawarid-finance-credit-card-digital-launch\" style=\"\" rel=\"noopener\">statement<\/a>. The move makes it easier to issue credit cards, track transactions, and manage accounts in real time via a phone application, eliminating the need for bank visits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait\u2019s <\/strong><strong>Aqarat taps Darwish Engineering for Sharjah residential project:<\/strong> Kuwait Real Estate Company (Aqarat), in partnership with IFA Hotels and Resorts, awarded an AED 198 mn infrastructure contract to UAE-based Darwish Engineering for its AED 3.5 bn Tay Hills residential project in Sharjah, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/kuwait-real-estate-and-ifa-sign-aed-198mln-agreement-with-darwish-engineering-fnhmhlzx\" 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>More on Al Tay Hills: <\/strong>The three-phase development spans 6 mn sq ft in the Al Tay area on the Sharjah-Dubai border. It will feature 1.1k villas and townhouses, three community malls, a 2.5-km green spine, and 11 km of walking and cycling paths. Aqarat subsidiary Nakheel Village Real Estate Company is overseeing execution, and the first phase is slated for handover in 1Q 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CRYPTO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Emirates Coin Investment (<\/strong><strong>EmCoin)<\/strong><strong> can now provide regulated virtual asset services<\/strong> after it was licensed by the Securities and Commodities Authority (SCA), according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-coin-investment-llc-obtained-the-first-virtual-asset-license-in-the-uae-from-sca-yz38wido\" style=\"\" rel=\"noopener\">press release<\/a>. The move makes it the first UAE firm licensed by the SCA to offer the services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More in the pipeline:<\/strong> EmCoin is set to launch an investment platform that will integrate digital assets and traditional finance into a single, regulated mobile application, allowing users to trade virtual assets, invest in equities and commodities, and access managed portfolios. It is also collaborating with the SCA to introduce regulated Initial Coin Offerings, which will open up new avenues for raising capital and potential investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Ripple\u2019s <\/strong><strong>stablecoin receives DFSA approval: <\/strong>Blockchain firm Ripple\u2019s RLUSD stablecoin has received the stamp of approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Center effective immediately, according to a <a target=\"_blank\" href=\"https:\/\/www.dfsa.ae\/news\/notice-crypto-token-recognition-ripple-rlusd\" style=\"\" rel=\"noopener\">DFSA notice<\/a>. RLUSD is targeted towards enterprises rather than retail users, and aims to improve the speed and efficiency of cross-border payments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ripple effect: <\/strong>The move comes as Ripple continues to expand its footprint, having received approval from the DFSA to provide regulated crypto payments and services <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e609bb0d-3e51-4482-94c6-e3d412f17b7d\/adtic-invests-usd-120-mn-in-hotel-in-egypt%25e2%2580%2599s-giza-pyramids-area\" style=\"\" rel=\"noopener\">in March<\/a>. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/186b30f8-234c-451d-ae62-51b3f8a2cb3a\/nsf-sets-up-shop-in-dubai\" style=\"\" rel=\"noopener\">recently partnered<\/a> with UAE-based digital bank Zand Bank and fintech Mamo to run blockchain-settled global transfers, and teamed up with Ctrl Alt to support Dubai Land Department\u2019s real estate tokenization project, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Central Bank of the UAE (CBUAE) and the Central Bank of Kenya (CBK) signed two<\/strong><strong> MoUs<\/strong> to reduce reliance on foreign currencies in bilateral trade, speed up settlements, and lower transaction costs, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/262.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The first MoU will see the two cooperate to promote the use of local currencies in cross-border commercial transactions. The second MoU focuses on boosting cooperation in payment infrastructure, including instant payment systems and national card switches. Both agreements aim to pave the way for more bilateral investment and commercial activity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Emirates <\/strong><strong>SkyCargo launches dedicated engine transport solution: <\/strong>Emirates SkyCargo has introduced Aircraft Engines, a new cargo product tailored for the transport of high-value, time-sensitive aviation parts, according to a company <a target=\"_blank\" href=\"https:\/\/www.skycargo.com\/media-centre\/emirates-skycargo-launches-dedicated-solution-for-the-carriage-of-aircraft-engines-under-new-vertical-aerospace-and-engineering\/\" style=\"\" rel=\"noopener\">statement<\/a>. The offering provides specialist handling, certified loadmasters, shock-absorbing dollies, priority loading, and real-time tracking via Emirates\u2019 control tower. The service is part of the carrier\u2019s newly launched Aerospace and Engineering vertical, targeting customers in the aviation, defence, and space sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>AD Ports Group has opened the first phase of the Tbilisi Intermodal Hub in<\/strong><strong> Georgia<\/strong>, the company said in a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/06\/03\/ad-ports-group-inaugurates-tbilisi-intermodal-hub-in-georgia\" style=\"\" rel=\"noopener\">press release<\/a>. The first phase is a dry port and inland container depot to handle cargo delivered by rail and truck to the hub \u2014 located between Georgia\u2019s key Black Sea ports and major land crossings with Armenia and Azerbaijan, and set to be both a domestic logistics platform and a regional gateway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next steps: <\/strong>Phases two and three will see the Tbilisi Intermodal Hub expand the cargo it handles and process to include containerized vehicles and break-bulk commodities like minerals, fertilizers, and ores, supporting trade flows between China, the South Caucasus, and Europe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>AD Ports acquired a 60% stake in Georgia\u2019s Tbilisi Dry Port to develop the Tbilisi Intermodal Hub in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03841eef-5a1a-420f-8ded-0a17b164fe80\/ad-port-acquires-majority-stake-in-georgia%25e2%2580%2599s%253cmark%253e-tbilisi%253c%2Fmark%253e-dry-port\" style=\"\" rel=\"noopener\">last March<\/a>. The remaining 40% is owned by and 40% by Inveco LLC and Wilhelmsen. The hub is designed to scale up capacity from 96k TEUs today to 200k TEUs by 2026, and will feature a container freight station, warehouses, and an additional railway.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"104339\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/global-growth-is-stalling\/\">\r\n                            Global growth is stalling as tariffs and uncertainty rise -OECD                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/global-growth-is-stalling\/1363-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1363.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1363.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1363.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1363.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104339\" class=\"content-area-description single-story post-104339 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-donald-trump tag-economy tag-enterpriseam-uae tag-financial-markets tag-gdp tag-inflation tag-oecd 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\/6\/.76f74415-9aaa-4718-8ab4-8506edecc06e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Global economic growth is losing steam<\/strong>, and is expected to decelerate to 2.9% in 2025 and 2026, down from 3.3% in 2024, the Organization for Economic Cooperation and Development (OECD) warned in its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/265.pdf\" style=\"\" rel=\"noopener\">Economic Outlook (pdf)<\/a>. The figures for this year and next would mark the first time since the pandemic that global growth would come in below 3%, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b8a50672-f0d9-4da4-a36c-e5487a0114ce\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The slowdown will be led by the world\u2019s largest economies:<\/strong> US growth is forecasted to fall sharply to 1.6% in 2025 and 1.5% in 2026 from 2.8% in 2024, while China could see a slowdown from 5.0% to 4.7% and then 4.3%. In contrast, the eurozone will inch forward, with growth picking up slightly to 1.0% in 2025 and 1.2% in 2026, from just 0.8% in 2024. Despite this, \u201c[weakened] economic prospects will be felt around the world, with almost no exception,\u201d the OECD said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The OECD attributed the downshift to tighter financial conditions, elevated trade barriers, and falling investment confidence.<\/strong> \u201cThe global economy has shifted from a period of resilient growth and declining inflation to a more uncertain path,\u201d Secretary-General Mathias Cormann said in an accompanying <a target=\"_blank\" href=\"https:\/\/www.oecd.org\/en\/about\/news\/press-releases\/2025\/06\/global-economic-outlook-shifts-as-trade-policy-uncertainty-weakens-growth.html\" 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>In our neck of the woods:<\/strong> The OECD sees Saudi Arabia\u2019s real GDP growing 1.8% in 2025 and 2.5% in 2026, up from 1.2% in 2024, outpacing the US, Germany, the UK, and France, while falling below average growth for G20 countries (forecasted to remain stable at 2.9% this year and next). Inflation is seen by the OECD rising slightly by 0.2 percentage points y-o-y to 1.9% in 2025, before easing to 1.8% in 2026, ranking among the top three lowest inflation rates among G20 countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump tariffs bite: <\/strong>The OECD cited President Donald Trump\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff9aa495-0d2a-4657-a240-60a00ce75f89\/this-morning:-low-economic-risk-this-year,-fitch-says-%2B-dubai%25e2%2580%2599s-first-ever-tokenized-real-estate-asset-was-fully-funded-in-the-first-day\" style=\"\" rel=\"noopener\">recently enacted tariffs<\/a> as a major drag and risk for economies. The effective tariff rate has jumped from 2.5% to over 15% \u2014 the highest since WWII \u2014 and could keep US inflation elevated around 4% into 2025, the FT reports. That\u2019s likely to delay any rate cuts from the Federal Reserve; however, policy rate cuts could follow in countries more shielded from trade tensions if inflation stays under control.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global inflation is easing, but slowly:<\/strong> Inflation across G20 economies is expected to decline to 3.6% in 2025 and 3.2% in 2026. However, trade tensions could keep price pressures stubborn in some countries, although this will be tempered somewhat by lower commodity prices, the OECD said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade recovery remains sluggish: <\/strong>Global trade growth is seen slowing to 2.8% this year and just 2.2% in 2026 \u2014 far below historical averages, the FT reports. Any further retaliatory moves in response to tariffs would also weigh on trade flows through supply chain disruptions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s needed? <\/strong>The OECD called for renewed global cooperation to \u201c[preserve] the economic benefits of rules-based global trade\u201d and urged governments to enact structural reforms that could jumpstart investment, which has stagnated since the 2008 financial crisis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Asian markets are firmly in the green this morning, led by South Korean markets, which are up on the back of the country electing the opposition party leader as president. The Kospi index rose to its highest level since last August, according to CNBC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Wall Street futures indicate another day of markets opening in the red, despite consecutive days of gains buoyed by tech stocks. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,691<\/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: +2.9%)<\/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>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\">5,522<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +7.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,500<\/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% (YTD: +8.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>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\">4.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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\">10,832<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -10.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">32,355<\/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: +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>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5970<\/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: +1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8787<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +9.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5376<\/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: +9.8%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 65.63<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.72<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3383.50<\/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 105,449.20<\/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: +12.8%)<\/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>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\">AED 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\">+0.3% (YTD: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">143.67<\/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\">+0.1% (YTD: +2.7%)<\/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>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\">17.69<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.7% (YTD: +2.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.7% yesterday<\/strong> on turnover of AED 626.1 mn. The index is up 7% 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>Amlak Finance (+14.3%), Al Mazaya Holding Company (+14.0%) and Shuaa (+5.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Emirates Investment Bank (-6.3%), Agility The Public Warehousing Company (-3.2%) and Al Salam Sudan (-2.9%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.5% on turnover of AED 1.3 bn . Meanwhile, Nasdaq Dubai was up 0.8%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Arab Bank (UAB) invited its existing shareholders to subscribe to a rights issue as it looks to increase its capital<\/strong> from AED 2.06 bn to AED 3.09 bn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/297.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX. Some 1.03 bn new shares will be issued at a price of AED 1 each, for the AED 1.03 bn rights issue which the firm signed off on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6aa938bf-a669-45c7-a73e-0c835ee1b67c\/global-dividends-reached-usd-1.8-tn-last-year\" style=\"\" rel=\"noopener\">back in March<\/a> as it looks to shore up its financial position and boost its growth plans. UAE\u2019s general assembly and the Securities and Commodities Authority (SCA) approved the move. Shareholders have until 17 June to subscribe and the rights will be deposited into a clearing or brokerage account. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>First Abu Dhabi Bank was appointed as the lead manager and bookrunner for the issue, with Al Tamini & Co serving as counsel.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oecd\/\">OECD<\/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=\"104341\" 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=\"104341\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/uae-signs-cooperation-mous-with-kuwait-talks-cooperation-with-belgium\/\">\r\n                            UAE signs cooperation MoUs with Kuwait, talks cooperation with Belgium                        <\/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\/06\/04\/uae-signs-cooperation-mous-with-kuwait-talks-cooperation-with-belgium\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The agreements came during an official visit to Kuwait by Vice President and Deputy Prime Minister Mansour bin Zayed Al Nahyan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE Deputy Prime Minister Sheikh Abdullah bin Zayed Al Nahyan met with Belgium\u2019s<\/strong><strong> Deputy Prime Minister and Foreign Minister Maxime Pr\u00e9vot<\/strong> in Abu Dhabi to discuss strengthening collaboration across economic, trade, and investment sectors, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk01ze3-abdullah-bin-zayed-receives-belgiums-deputy-primehttps:\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two leaders also exchanged views on international issues.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-belgium-relations\/\">UAE-Belgium relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-kuwait-relations\/\">UAE-Kuwait 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=\"104343\" 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\/06\/04\/104343-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104343\" class=\"content-area-description single-story post-104343 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: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>10 June (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-global-cyprus\/\" style=\"\">Investopia Global - Mediterranean<\/a><\/span><span>, Cyprus.<\/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 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>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 style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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 style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17-18 June (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-18 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/hosted-by-abu-dhabi-projects-and-infrastructure-centre-inaugural-abu-dhabi-infrastructure-summit-to-take-place\/\" style=\"\">Abu Dhabi Infrastructure Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Energy 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 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\/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 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.terrapinn.com\/exhibition\/middle-east-rail\/index.stm\" style=\"\">Middle East Rail<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27 June (Friday): Islamic New Year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2H 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Closing of XRG's acquisition of Covestro<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 July (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/apnews.com\/article\/brazil-brics-summit-rio-ea1ad30cd114143d91840a37f96725ee\" style=\"\">BRICS Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29-30 July (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-6 September (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifashionweek.org\/\" style=\"\">Dubai Fashion Week<\/a><\/span><span style=\"font-weight:400;\">, Dubai Design District. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-10 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digihealth.ai\/\" style=\"\">DigiHealth exhibition<\/a><\/span><span style=\"font-weight:400;\">, World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-<\/span><span>19<\/span><span> 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>22-24 October (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sharjah24.ae\/en\/Articles\/2025\/05\/31\/ZX47\" style=\"\">World Investment Conference<\/a><\/span><span style=\"font-weight:400;\">, Expo Centre Sharjah. <\/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>7-14<\/span><span> December (Sunday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/asianparalympic.org\/asian-youth-para-games\/\" style=\"\">Asian Youth Para Games<\/a><\/span><span style=\"font-weight:400;\">, APC headquarters, Dubai.<\/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 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\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>Edge lands AED 9 bn contract with Kuwait | ESG unifies real estate ops | XRG goes global<\/p>\n","protected":false},"featured_media":104316,"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-104315","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"078897a7-f2f9-4dd1-a958-485e96ae41d0","teaser":"Edge lands AED 9 bn contract with Kuwait | ESG unifies real estate ops | XRG goes global","photo_url":"https:\/\/ent.news\/2024\/4\/519.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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