{"id":104504,"date":"2025-06-12T00:00:00","date_gmt":"2025-06-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=104504"},"modified":"2025-12-15T04:01:24","modified_gmt":"2025-12-15T04:01:24","slug":"g42s-khazna-partners-up-with-nvidia-to-build-data-centers-in-the-region","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/g42s-khazna-partners-up-with-nvidia-to-build-data-centers-in-the-region\/","title":{"rendered":"G42\u2019s Khazna partners up with Nvidia to build data centers in the region"},"content":{"rendered":"<section id=\"104506\" 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=\"104506\">\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\/12\/this-morning-pakistani-pm-arrives-in-the-uae-mgx-to-invest-in-openais-upcoming-funding-round\/\">\r\n                            THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI\u2019s upcoming funding 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\/12\/this-morning-pakistani-pm-arrives-in-the-uae-mgx-to-invest-in-openais-upcoming-funding-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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Services to streamline Borouge\u2019s exports, and more details on a potential grid link with India. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- THE BIG STORY here at home is the <\/strong><strong>W<\/strong><strong>orld Bank maintaining its GDP growth forec<\/strong><strong>ast for the UAE<\/strong> at 4.6% in 2025 and 4.9% in 2026 in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/544.pdf\" style=\"\" rel=\"noopener\">Global Economic Prospects report (pdf)<\/a>, keeping it unchanged from its previous forecast back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/47aa8f7c-030c-4855-8d94-e9ae5ee7d7fd\/%253cmark%253eworld-bank%253c%2Fmark%253e-upgrades-growth-forecast-for-the-uae,-citing-increased-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\">April<\/a>. The World Bank had previously forecast 4.0% growth for the UAE in 2025 and 4.1% for 2026 back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc47cf12-966a-41ad-838d-787534b911d2\/world-bank-slightly-cuts-uae%25e2%2580%2599s-growth-forecast-for-2025\" style=\"\" rel=\"noopener\">January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A few sectors are expected to lead the way for GDP growth:<\/strong> Growth in the UAE and in the GCC at large is expected to be boosted by expanding non-oil activity, namely in the manufacturing, construction, and services sectors, the report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How this compares to <\/strong><strong>others:<\/strong> The forecast <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/296987da-1f7a-4b05-804f-da96e37797e0\/bmi-downgrades-uae%25e2%2580%2599s-growth-forecast,-citing-weaker-oil-prices-and-global-demand\" style=\"\" rel=\"noopener\">matches<\/a> that of Fitch Ratings\u2019 BMI, and is more optimistic than the IMF\u2019s forecast of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/261164f9-698a-4536-8e53-af67349d9b67\/%253cmark%253eimf%253c%2Fmark%253e-maintains-the-uae%25e2%2580%2599s-gdp-growth-forecast-at-4%2525\" style=\"\" rel=\"noopener\">4%<\/a> growth for 2025 and 5% for 2026 \u2014 making it among the fastest growing in the GCC this year. Non-oil GDP was projected to grow by 4.5%, driven by tourism, construction, public spending, and financial services. The UAE Central Bank is even more hopeful, penciling in a forecast of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e95173c0-b4ed-49cf-8c38-460f770da475\/cbuae,-icaew-are-upbeat-on%253cmark%253e-the%253c%2Fmark%253e%253cmark%253e-uae%253c%2Fmark%253e%25e2%2580%2599s-growth-this-year\" style=\"\" rel=\"noopener\">4.7%<\/a> GDP growth, while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9119f717-0e56-4ed0-be91-b8ae612622e3\/s&amp;p-global-sees-the-uae%25e2%2580%2599s-economy-growing-by-5.1%2525-in-2025\" style=\"\" rel=\"noopener\">S&amp;P Global<\/a> had previously forecast 5.1% growth this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have more on the World Bank\u2019s global forecast<\/strong>, and its expectations for the region, in this morning\u2019s Planet Finance, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER<\/strong><strong>-<\/strong><strong> It\u2019s getting hotter and hotter: Dubai <\/strong>is set to see a high of 42\u00b0C today, and an overnight low of 31\u00b0C. <strong>Abu Dhab<\/strong>i will see a high of 37\u00b0C and an overnight low of 30\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> #1- <\/strong><strong>EU <\/strong><strong>moves to delist UAE from money laundering blacklist:<\/strong> The European Commission has proposed removing the UAE from its list of high-risk jurisdictions for money laundering and terrorism financing, citing alignment with international and Financial Action Task Force (FATF) standards, according to a <a target=\"_blank\" href=\"https:\/\/finance.ec.europa.eu\/news\/commission-updates-list-high-risk-countries-strengthen-international-fight-against-financial-crime-2025-06-10_en\" style=\"\" rel=\"noopener\">statement<\/a>. The decision still requires a sign-off from EU member states and the European Parliament, which blocked the proposal to take the UAE off the list last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diplomatic pressure pays off: <\/strong>The move follows the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1123bce8-716d-4051-8a96-1306e3c898ca\/turkey-is-pulling-the-brakes-on-its-sukuk-sale-to-adq\" style=\"\" rel=\"noopener\">removal from the FATF gray list<\/a> last year and comes after the two sides launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bdc0391a-4132-41fa-80a3-2f82bb46cf91\/eu,-uae-begin-bilateral-trade-talks\" style=\"\" rel=\"noopener\">trade talks<\/a>, expected to conclude within <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d864cb3-ab38-4023-ae55-7b970d209fce\/this-morning:-mubadala-to-invest-in-telegram%25e2%2580%2599s-usd-1.5-bn-bond-issuance%3F-%2B-uae-firms-eye-russian-business-of-unicredit\" style=\"\" rel=\"noopener\">three to six months<\/a>. At Davos <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5b065290-6c63-4725-a6ff-b607afd985d9\/uae-economy-minister-denies-plans-for-income-tax-%2B-dubai-retailer-bfl-considers-ipo-to-fund-growth\" style=\"\" rel=\"noopener\">in January<\/a>, Economy Minister Abdulla Bin Touq Al Marri criticized the EU for keeping the UAE on its blacklist despite FATF clearance, and said diplomatic efforts to reverse the designation were ongoing.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> #2- <\/strong><strong>Adnoc eyes s<\/strong><strong>ome BP assets:<\/strong> State-owned energy giant Adnoc has been internally studying a potential acquisition of some of British Petroleum\u2019s (BP) assets and has held initial talks with bankers over their acquisition, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-11\/abu-dhabi-oil-giant-is-said-to-evaluate-deal-for-some-bp-assets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The company is also weighing the option of partnering with another bidder to split certain assets, the people said. The talks remain exploratory, and Adnoc could ultimately decide not to move forward with the bid, the people added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Adnoc eyeing?<\/strong> The firm is mainly interested in BP\u2019s LNG and gas fields, and not its oil production or refining operations, reflecting the company\u2019s shift towards cleaner energy alternatives. This means that the company is unlikely to pursue a full takeover of BP, despite its market cap declining by a third in just over a year to under USD 80 bn. A potential agreement could be executed through Adnoc\u2019s new international investment arm XRG, the people said. BP\u2019s fuel retailing business is also on the radar. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#3- MGX to invest in OpenAI\u2019s upcoming funding round? <\/strong>OpenAI is reportedly in talks with Abu Dhabi\u2019s MGX and Saudi sovereign wealth fund PIF, along with Indian conglomerate Reliance Industries, over its planned USD 40 bn funding round, <a target=\"_blank\" href=\"https:\/\/www.theinformation.com\/articles\/openai-discussed-raising-money-saudi-arabia-indian-investors\" style=\"\" rel=\"noopener\">The Information<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>MGX is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ece1565-0c5b-4100-b2f2-1d2bcdfaf4b2\/this-morning:-dae-settles-with-axa-over-jets-in-russia%3F-%2B-dragon-oil,-enoc-eye-expansions\" style=\"\" rel=\"noopener\">already an investor in OpenAI<\/a>, having participated in its USD 6.6 bn funding round last year. It is also contributing to the initial USD 100 bn phase of the Stargate AI infrastructure fund alongside Softbank and Oracle. MGX also backed Elon Musk\u2019s xAI. Over in France, it\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e054972b-bc3f-451b-8965-125be14f5b06\/%253cmark%253emgx%253c%2Fmark%253e,-nvidia,-france-to-build-europe%25e2%2580%2599s-biggest-ai-hub\" style=\"\" rel=\"noopener\">helping build<\/a> what is set to become Europe\u2019s largest AI data center campus. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Major hospital hack still unresolved: <\/strong>American Hospital Dubai has been targeted by a ransomware group, which claims to have stolen 450 mn patient records, including credit card info and treatment plans, <a target=\"_blank\" href=\"https:\/\/cybernews.com\/security\/gunra-ransomware-american-hospital-dubai-breach\/\" style=\"\" rel=\"noopener\">Cyber News<\/a> reports. The ransomware group was threatening to leak the information on 8 June if demands weren\u2019t met. Patient-facing systems remain offline, with no public update on negotiations, and the hospital has not yet commented. <\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Property <\/strong><strong>payments to count toward credit scores this year:<\/strong> The Etihad Credit Bureau will begin factoring in property-related payments \u2014 including rent, service charges, and off-plan installments \u2014 into residents\u2019 credit scores \u201csometime this year,\u201d <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/banking\/uae-credit-score-missed-property-related-payments-to-be-included-says-etihad-credit-bureau-chief-1.500159350\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports, citing statements from Director-General Marwan Ahmad Lutfi. The rollout will start with rental payments, followed by service charges for owners, and finally off-plan payment obligations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>\u201cIf someone\u2019s not making a payment on their property service charges, it should go into part of their credit behavior. This is how it is in mature consumer markets,\u201d Lutfi said. The bureau is coordinating with land departments and regulators across the Emirates and is also reviewing whether individuals are involved in related rental disputes or court proceedings.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Residential <\/strong><strong>property prices in Dubai rose 12% y-o-y in 1Q 2025<\/strong>, driven by a 19.7% surge in villa prices and an 8.5% increase in apartments, according to new data from the Dubai Statistics Center <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/568.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/570.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a>. On a quarterly basis, prices rose 3.3%, with villa prices up 2.4% and apartments gaining 3.8%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Fitch Ratings <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2502ccbf-2ec1-455c-96dd-44ad9103570b\/fitch-forecasts-15%2525-correction-for-dubai-home-prices\" style=\"\" rel=\"noopener\">expects<\/a> a moderate correction of Dubai home prices starting in 2H 2025 after a multi-year rally that saw prices rise roughly 60% since 2022. The agency sees a possible decline of up to 15% concentrated outside prime areas, as new supply \u2014 expected to exceed 250k units by 2027 \u2014 outpaces population growth. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fda5172-163e-4828-a9f2-4089911ecf8f\/this-morning:-alpha-data-likely-to-price-ipo-at-top-of-range-%2B-is-sidara%25e2%2580%2599s-acquisition-of-wood-group-back-on-the-table%3F\" style=\"\" rel=\"noopener\">Moody\u2019s<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7b280c3a-a456-4de8-8c77-81b983ff0318\/dubai-residential-prices-to-stabilize-in-2025--deloitte\" style=\"\" rel=\"noopener\">Deloitte<\/a> also anticipate slowing growth or stabilization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the commercial side<\/strong>, prices rose 8.4% y-o-y, according to separate data <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/567.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/569.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a>, led by strong gains in shops (+22.5%) and offices (+11.6%), while hospitality-related assets were mixed; hotel apartment prices rose 3.6%, while hotel room prices dropped 1.0%. On a quarterly basis, the overall commercial index fell 0.8%. Office prices were down 4.8% and hospitality assets fell by 1.1%, though shops saw a 9.7% uptick.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>Pakistan<\/strong><strong>i <\/strong><strong>Prime Minister Shehbaz Sharif is in the UAE for a one-day trip to Abu Dhab<\/strong><strong>i<\/strong>, where he will hold high-level talks aimed at deepening economic and strategic ties between Pakistan and the Emirates, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/ForeignOfficePk\/status\/1932708261100204105\" style=\"\" rel=\"noopener\">statement<\/a> from Pakistan\u2019s Foreign Ministry. He is accompanied by Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, along with senior federal ministers. Sharif last visited the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/201c7067-8ee1-4e7d-92f9-7914aa07acd0\/plenty-of-cooperation-discussed-with-officials-at-the-world-government-summit\" style=\"\" rel=\"noopener\">in February<\/a> to meet with the president and attend the World Governments Summit in Dubai.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our corner of the world is once again topping the global press\u2019 digital front pages with <\/strong><strong>the US pulling embassy staff from the region amid rising tensions with Iran<\/strong>, after nuclear talks between the two nations appeared to break down ahead of the Trump administration\u2019s 60-day deadline to come to an agreement ends today. All non-essential embassy staff in Baghdad were ordered to leave, while non-essential staff and family members were given the green light to leave Bahrain and Kuwait. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThey are being moved out because it could be a dangerous place<\/strong>,\u201d Trump told reporters yesterday in comments that expressed his pessimism that Iran would agree to stop enriching uranium. In reference to repeated threats that the US could bomb Iran if the talks fall apart, Iranian Defence Minister Aziz Nasirzadeh warned that Tehran would respond to any strikes with attacks on US bases in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Escalation fears drove Brent crude prices up over 5% and past the USD 70 a barrel mark <\/strong><strong>during trading<\/strong>, before paring back gains to end the day 4.3% up at USD 69.77 a barrel. Safe-haven asset gold also saw an uptick in investor appetite, rising 1.3% to USD 3385.90 per troy ounce. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-11\/us-orders-partial-evacuation-of-iraq-embassy-as-tensions-rise?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5df91895-5de2-4d4e-a2d2-b41bc1c2bda3\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-embassy-iraq-preparing-ordered-evacuation-due-heightened-security-risks-2025-06-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/state-department-embassy-baghdad-f892ebd6a50850ef5650f31819541bff\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/national-security\/u-s-moves-to-withdraw-some-middle-east-personnel-as-tensions-rise-99f9f93a\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/06\/11\/state-department-embassy-baghdad\/e8d1a6a6-46ec-11f0-9210-87ee82efcc80_story.html\" style=\"\" rel=\"noopener\">Washington Post<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec still ex<\/strong><strong>pects oil to dominate the energy mix past mid-century:<\/strong> Oil cartel Opec expects global crude consumption to exceed 120 mn bbl\/d by 2050 as the world\u2019s population expands and total energy demand rises by 24%, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-demand-growth-continue-no-peak-sight-opec-secretary-general-says-2025-06-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing statements by Opec\u2019s Secretary General Haitham Al Ghais at the Global Energy Show in Canada. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mind the investment gap:<\/strong> Opec pegs the financing bill for energy investments at some USD 17.4 tn over the next 25 years, noting that it has long flagged the dangers of underinvestment given its bullish demand outlook. Al Ghais warned that failing to inject enough capital into upstream projects risks supply shortfalls, volatility, and broader energy security risks.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bp\/\">BP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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<\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104509\" 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=\"104509\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/g42s-khazna-partners-up-with-nvidia-to-build-data-centers-in-the-region\/\">\r\n                            G42\u2019s Khazna partners up with Nvidia to build data centers in the region                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104510\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/g42s-khazna-partners-up-with-nvidia-to-build-data-centers-in-the-region\/1125-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1125.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1125.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1125.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1125.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104509\" class=\"content-area-description single-story post-104509 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-artificial-intelligence tag-enterpriseam-uae tag-g42 tag-khazna tag-tech 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\/.45c3774a-3421-47ba-8a38-b2d12ec94900.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Khazna<\/strong><strong>, Nvidia to build AI clusters across MEA:<\/strong> Dubai\u2019s Khazna Data Centers is partnering with Nvidia to develop data centers across the Middle East and Africa (MEA), starting with next-gen data halls in the UAE built to support Nvidia\u2019s Blackwell architecture, according to a <a target=\"_blank\" href=\"https:\/\/www.khazna.ae\/news\/khazna-data-centers-and-nvidia-collaborate-to-accelerate-ai-infrastructure-development-across-the-mea-region\/\" 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 style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The plan includes AI clusters with a capacity of up to 250 MW, with all future builds set to follow Nvidia-certified blueprints. Many of the clusters are set to be located within the planned 5 GW UAE-US AI campus announced during US President Donald Trump\u2019s recent visit.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The 5 GW AI campus is the centerpiece of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3261fa8a-9604-492d-88c8-a0108899f5fa\/uae,-us-ink-usd-200-bn-investment-agreements-in-ai,-critical-minerals,-and-energy\" style=\"\" rel=\"noopener\">USD 200 bn US-UAE investment pact<\/a> covering AI, critical minerals, and energy. The facility is set to be the largest data infrastructure site outside the US, and will host <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d9ad766-614b-4147-a0a1-401a806c3fd8\/more-details-on-the-us-uae-mega%253cmark%253e-ai-campus%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">American-managed services<\/a> and serve as a regional AI hub. The first phase of the complex \u2014 Stargate UAE, which is backed by Khazna majority stakeholder G42 \u2014 is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e9721a7-9b81-43d6-8010-2cba5e142991\/g42-to-develop%253cmark%253e-stargate%253c%2Fmark%253e-uae-alongside-us-ai-powerhouses\" style=\"\" rel=\"noopener\">set to come online in 2026<\/a>, with plans for it to be equipped with Nvidia Grace Blackwell GB300 systems (potentially requiring around 100k chips). The agreement, however, remains \u201cfar from complete,\u201d with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/240384c8-59b5-4cfd-ad47-1671897dec8b\/uae-usd-ai-megaproject-stalling%3F\" style=\"\" rel=\"noopener\">security concerns<\/a> over Chinese tech access stalling progress.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has been working hard to access more Nvidia chips: <\/strong>The UAE and the US reportedly reached an export agreement that could allow the UAE to receive <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d9ad766-614b-4147-a0a1-401a806c3fd8\/more-details-on-the-us-uae-mega-ai-campus\" style=\"\" rel=\"noopener\">up to 500k Nvidia chips annually<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Khazna has been expanding data center capacity both at home and abroad: <\/strong>The firm is targeting 1 GW of capacity across Saudi Arabia, Egypt, Turkey, Kenya, France, and Italy. In Turkey, it is building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b4fc2d35-7bb9-49a8-ba34-ee4eb8a5ab65\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-100-mw%253cmark%253e-data%253c%2Fmark%253e-center-in-t%25c3%25bcrkiye-as-part-of-regional-expansion-drive\" style=\"\" rel=\"noopener\">100 MW AI-ready data center<\/a> in Ankara. In the UAE, it\u2019s developing three new AI-optimized facilities \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93acae81-1742-4d34-b853-4512e6a248f9\/uae%253cmark%253e-data%253c%2Fmark%253e-center-infrastructure-gets-a-boost-courtesy-of%253cmark%253e-khazna%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">two 30 MW data centers<\/a> in Mafraq and Masdar city, and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-the-uae%25e2%2580%2599s-largest%253cmark%253e-data%253c%2Fmark%253e-center\" style=\"\" rel=\"noopener\">100 MW site<\/a> in Ajman \u2014 all due by end-2026. The company is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5529d572-6a93-473b-aa84-d0c46e3062e3\/this-morning:%253cmark%253e-khazna-data-centers%253c%2Fmark%253e-eyes-ksa-expansion-%2B-shurooq-expands-tourism,-hospitality-portfolio-with-two-new-projects\" style=\"\" rel=\"noopener\">advancing builds in Saudi<\/a> and finalizing plans for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/khazna-to-build-the-uae%25e2%2580%2599s-largest-data-center\" style=\"\" rel=\"noopener\">USD 250 mn data center<\/a> in Egypt. Khazna is currently valued at USD 5.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story also got ink<\/strong> from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-11\/nvidia-teams-up-with-g42-for-uae-data-centers-in-mideast-ai-push\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/g42\/\">G42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/khazna\/\">Khazna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104511\" 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=\"104511\">\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\">TRADE AND LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/\">\r\n                            Adnoc L&amp;S forms USD 531 mn petrochemical exports partnership with Borouge                        <\/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\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/\" 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\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/')\">\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\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/\">\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=Adnoc L&#038;S forms USD 531 mn petrochemical exports partnership with Borouge&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/\">\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\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/&title=Adnoc L&#038;S forms USD 531 mn petrochemical exports partnership with Borouge\">\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=Adnoc+L%26%23038%3BS+forms+USD+531+mn+petrochemical+exports+partnership+with+Borouge+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F12%2Fadnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge%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\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/606.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104512\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/adnoc-ls-forms-usd-531-mn-petrochemical-exports-partnership-with-borouge\/606-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/606.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"606.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/606.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/606.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104511\" class=\"content-area-description single-story post-104511 post type-post status-publish format-standard has-post-thumbnail hentry category-trade-and-logistics tag-adnoc tag-adnoc-logistics-and-services tag-borouge tag-enterpriseam-uae tag-petrochemicals 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\/.8ba36c6b-3e3c-4709-b7d3-3a5bb2937b60.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Borouge taps Adnoc L&amp;S to boost petrochemical exports:<\/strong> Adnoc Logistics &amp; Service (Adnoc L&amp;S) has entered into a 15-year partnership with Adnoc petrochemicals JV Borouge to expand the production and export of petrochemicals from the Emirates, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/539.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/539.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/539.pdf\" style=\"\" rel=\"noopener\">.<\/a> The agreement is expected to generate USD 531 mn (c. AED 2 bn) in value as well as USD 50 mn (c. AED 183.6 mn) in cost savings and efficiencies in the first five years, the statements said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What\u2019s in the cards:<\/strong><span style=\"background-color: transparent;\"> Adnoc L&amp;S will oversee the transportation of up to 70% of Borouge\u2019s annual production \u2014 offering its port management, container handling, and feeder container ship services for Borouge\u2019s Al Ruwais Industrial City container terminal. Adnoc L&amp;S is set to dispatch at least two container feeder ships to convey output from Al Ruwais to the ports of Jebel Ali and Khalifa Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes as Borouge plans to boost production:<\/strong> In a bid to maximize output of its polyolefin complex, the firm is pursuing its Borouge 4 mega project, which is expected to boost production capacity by 1.4 mn tonnes per year by the end of 2026. Borouge <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aa69bc5d-2fbe-4f85-87db-041da1f29eb5\/adnoc%25e2%2580%2599s%253cmark%253e-borouge%253c%2Fmark%253e-looks-to-boost-production-capacity-to-6.6-mn-tonnes-by-2028\" style=\"\" rel=\"noopener\">inked two contracts<\/a> for expansion projects, which, combined with the Borouge 4 mega project, aim to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aa69bc5d-2fbe-4f85-87db-041da1f29eb5\/adnoc%25e2%2580%2599s%253cmark%253e-borouge%253c%2Fmark%253e-looks-to-boost-production-capacity-to-6.6-mn-tonnes-by-2028\" style=\"\" rel=\"noopener\">boost its production capacity<\/a> to over 6.6 mn tonnes per annum (tpa) by 2028. The projects are poised to generate between AED 600 mn and AED 730 mn in annual EBITDA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Adnoc and Austria\u2019s OMV finalized <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">terms of an agreement to merge<\/a> their polyolefins businesses after years of negotiations in March. The move created Borouge International \u2014 a USD 60 bn global polyolefins player set to be the world\u2019s fourth largest. The merged business, based in Austria with a regional HQ in the UAE, will have a capacity of 13.6 mn tonnes per year across Europe, the Middle East, and North America.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics-and-services\/\">Adnoc Logistics and Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/borouge\/\">Borouge<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/petrochemicals\/\">petrochemicals<\/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=\"104513 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=\"104513\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/104513-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104513\" class=\"content-area-description single-story post-104513 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104514\" 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=\"104514\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/uaes-10-largest-banks-see-combined-net-income-rise-8-4-q-o-q-to-aed-22-2-bn-in-1q\/\">\r\n                            UAE\u2019s 10 largest banks see combined net income rise 8.4% q-o-q to AED 22.2 bn 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\/12\/uaes-10-largest-banks-see-combined-net-income-rise-8-4-q-o-q-to-aed-22-2-bn-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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Marsal\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/590.pdf\" style=\"\" rel=\"noopener\">UAE Banking Pulse report (pdf)<\/a>. Growth was supported by a 59.3% q-o-q reduction in impairment charges and an 18% quarterly rise in net fee and commission income, the report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- <\/strong><span style=\"background-color: transparent;\">The Central Bank of the UAE cut rates by 50 bps last <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/587da6dc-6c89-4449-87cf-f24013502d3d\/fed-kicks-off-easing-cycle-with-a-bang\" rel=\"noopener\">September<\/a><span style=\"background-color: transparent;\">, and 25 bps in <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c22a2bd-d0a6-4fe1-9209-e5df1448126c\/fed-trims-rate-cuts-by-a-further-25-bps-as-central-bankers-brace-for-an-uncertain-time-for-monetary-policy\" rel=\"noopener\">November<\/a><span style=\"background-color: transparent;\"> and <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f203e9f5-2ccd-41fb-8579-4e4d81199fc9\/%253cmark%253efed%253c%2Fmark%253e-cuts-rates-by-another-25-bps,-signals-slower-easing-cycle-next-year\" rel=\"noopener\">December<\/a><span style=\"background-color: transparent;\"> in line with the US Federal Reserve.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Net interest margins fell by 15 bps q-o-q to 2.5% <\/strong>despite strong lending activity against the backdrop of rate cuts. Net loans and advances were up 3.6% q-o-q, primarily driven by corporate and wholesale lending, which rose 5.1% on a quarterly basis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks\u2019 deposits outpaced lending<\/strong>, increasing by 5.8% q-o-q, while the loan-to-deposit ratio fell to 74.7%, \u201creflecting improved sector liquidity.\u201d This came in tandem with a 7.8% quarterly decline in operating expenses, which \u201ccontributed meaningfully to profitability.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, the cost of funds rose by 52 bps to 3.9%, which helped offer \u201csome margin protection.\u201d <\/strong>The cost of risk (CoR) declined by 45 bps q-o-q to 0.3%, while non-performing loan (NPL) ratio also declined to 3.2%, driven by recoveries and a stronger loan book profile.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Profitability metrics were up<\/strong>, with return on equity climbing to 18.6% and return on assets improving to 2.1%. This came despite a 2.1% decline in net interest income (NII) during the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The banks in question:<\/strong> The UAE\u2019s 10 largest listed banks analyzed in A&amp;M\u2019s UAE Banking Pulse are First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Dubai Islamic Bank (DIB), our friends at Mashreq, Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai, National Bank of Fujairah, National Bank of Ras Al Khaimah, and Sharjah Islamic Bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among the major banks,<\/strong> Abu Dhabi Islamic Bank (Adib) and Dubai Islamic Bank (DIB) reported high growth in net L&amp;A by 5.3% and 4.8% q-o-q, respectively, followed by Emirates NBD with 3.8% quarterly growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A&amp;M remains optimistic:<\/strong> \u201cDespite flat operating income and the decline in NII due to prior rate cuts, the sector remained relatively resilient, supported by efficiency gains and healthy balance sheet growth. Overall, the Q1\u201925 pulse reflects a positive trajectory for Middle East banks, marked by solid profitability, expanding loan books, and improving return ratios, setting a strong tone for the year ahead,\u201d A&amp;M Managing Director, Financial Services Asad Ahmed said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The combined net income of the UAE\u2019s 10 largest listed banks rose 8% y-o-y to AED 82.9 bn in 2024, according to Alvarez &amp; Marsal\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/ecb15e6d-c555-4eba-b544-e1bb3c762a15\" style=\"\" rel=\"noopener\">report<\/a> for FY 2024. Growth was supported by a 6.7% increase in net interest income to AED 97.6 bn \u2014 its slowest pace in three years \u2014 alongside a 22% rise in net fees and commission income and lower impairment charges.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/commercial-bank-of-dubai\/\">Commercial Bank of Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-bank-of-fujairah\/\">National Bank of Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-bank-of-ras-al-khaimah\/\">National Bank of Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-islamic-bank\/\">Sharjah Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104516\" 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=\"104516\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/new-emiratization-targets-for-ins-sector-abu-dhabi-eases-off-plan-sales-and-purchase-agreement-regulations-for-developers\/\">\r\n                            New Emiratization targets for ins. sector + Abu Dhabi eases off-plan sales and purchase agreement regulations for developers                        <\/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\" 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href=\"https:\/\/api.whatsapp.com\/send?text=New+Emiratization+targets+for+ins.+sector+%2B+Abu+Dhabi+eases+off-plan+sales+and+purchase+agreement+regulations+for+developers+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F12%2Fnew-emiratization-targets-for-ins-sector-abu-dhabi-eases-off-plan-sales-and-purchase-agreement-regulations-for-developers%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\/12\/new-emiratization-targets-for-ins-sector-abu-dhabi-eases-off-plan-sales-and-purchase-agreement-regulations-for-developers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/322.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104517\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/new-emiratization-targets-for-ins-sector-abu-dhabi-eases-off-plan-sales-and-purchase-agreement-regulations-for-developers\/322-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/322.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"322.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/322.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/322.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104516\" class=\"content-area-description single-story post-104516 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-emiratization tag-enterpriseam-uae tag-human-resources-and-emiratisation-ministry tag-insurance tag-real-estate tag-regulation-watch 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\/.aa0b6a56-0b5b-4ca9-9bf2-6ef257c580b5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>New <\/strong><strong>Emiratization targets for ins. sector: <\/strong>The UAE has approved a new Emiratization strategy for the ins. sector for 2027-2030, setting an Emiratization target of between 50-60% depending on company size by 2030, according to an <a target=\"_blank\" href=\"https:\/\/x.com\/fnc_uae\/status\/1932786476292481095\" style=\"\" rel=\"noopener\">X post<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The plan also mandates 45% Emiratization in critical roles and 30% in top leadership.<\/strong><span style=\"background-color: transparent;\"> Smaller firms (with two to 19 staff) must hire at least one Emirati annually, while larger ones (20+ staff) must meet a 30% quota in professional roles.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move follows steady progress: <\/strong>Emiratis now make up 22.1% of the ins. sector\u2019s workforce, up from 13.3% in 2022. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Human Resources and Emiratization Ministry will begin mid-year compliance inspections <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab46f094-d768-4059-a860-9779ab12d8f7\/this-morning:-banks-to-raise-minimum-balance-requirement-as-of-next-month\" style=\"\" rel=\"noopener\">on 1 July<\/a> using a digital monitoring system. The Central Bank of the UAE will continue enforcing quotas through a points-based framework, with fines of AED 60k for each unmet Emiratization point.<\/p>\n<p class=\"tag-border-left\">Off-plan regulations eased for Abu Dhabi developers- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu <\/strong><strong>Dhabi updates real estate regulations: <\/strong>Abu Dhabi\u2019s Department of Municipalities and Transport (DMT) has issued new amendments to its real estate framework, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/department-of-municipalities-and-transport-issues-updates-regarding-real-estate-sector-in-the-emirate\/\" style=\"\" rel=\"noopener\">statement<\/a>. The reforms expand the authority of the Abu Dhabi Real Estate Center (Adrec) and introduce tighter oversight to improve market governance and protect investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s new: <\/strong>Developers can now unilaterally terminate off-plan sale and purchase agreements if buyers default, without going to court \u2014 provided they follow set procedures and secure Adrec approval. The update also:<\/p>\n<ul>\n<li>Broadens the definition of real estate activities to include <strong>development, sale, regulation, management, and related roles<\/strong>, bringing currently unregulated professions under formal oversight;<\/li>\n<li><strong>Replaces owners\u2019 associations with advisory-only owners\u2019 committees<\/strong>, while licensed firms handle operational property management;<\/li>\n<li>Introduces <strong>a new schedule of violations and fines<\/strong>, to be issued by the DMT chairman following executive council approval.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emiratization\/\">Emiratization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/human-resources-and-emiratisation-ministry\/\">Human Resources and Emiratisation Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/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=\"104518\" 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=\"104518\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/more-details-on-the-potential-usd-5-1-bn-uae-india-grid-link\/\">\r\n                            More details on the potential USD 5.1 bn UAE-India grid link                        <\/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\/12\/more-details-on-the-potential-usd-5-1-bn-uae-india-grid-link\/\" 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 <a target=\"_blank\" href=\"https:\/\/energy.economictimes.indiatimes.com\/news\/power\/india-invests-90000-crore-in-undersea-power-transmission-lines-to-uae-and-saudi-arabia\/121751496\" style=\"\" rel=\"noopener\">2 GW<\/a> line is part of Indian PM Modi\u2019s \u201c <a target=\"_blank\" href=\"https:\/\/www.investindia.gov.in\/blogs\/one-sun-one-world-one-grid-empowering-sustainability\" style=\"\" rel=\"noopener\">One Sun, One World, One Grid<\/a> \u201d initiative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">This has been in the works for a while:<\/strong><span style=\"background-color: transparent;\"> The two countries held talks to connect their grids to allow trade in renewable energy <\/span><a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/india-uae-hold-talks-to-link-grids-through-subsea-cables\/articleshow\/101027556.cms\" rel=\"noopener\">two years ago<\/a><span style=\"background-color: transparent;\">. The link is <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d85cc856-a2d2-4a38-b24a-325a3b835f51\/this-morning:-uae-eyes-usd-6-bn-india%253cmark%253e-grid%253c%2Fmark%253e-link-to-export-surplus-clean-power-%2B-the-uae-now-has-130.5k-m%25e2%2580%2599naires\" rel=\"noopener\">part of a broader strategy<\/a><span style=\"background-color: transparent;\"> to monetize the Emirates\u2019 growing spare generation capacity \u2014 currently around 50% \u2014 driven by major solar and nuclear investments.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi is getting one too<\/strong>: A similar 2 GW line connecting India and Saudi Arabia is also in the pipeline. The 1.7k km project comes with an estimated price tag of some USD 5.5 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming out:<\/strong> India currently trades some <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/india-saudi-arabia-mull-high-voltage-connect-at-the-bottom-of-arabian-sea\/articleshow\/120523803.cms\" style=\"\" rel=\"noopener\">4.1 GW<\/a> of electricity with its neighbors \u2014 Nepal, Bangladesh, Bhutan, and Myanmar.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/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-india-relations\/\">UAE-India 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=\"104520\" 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=\"104520\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/dhl-to-invest-over-eur-500-mn-in-the-middle-east-with-a-focus-on-the-uae-and-saudi\/\">\r\n                            DHL to invest over EUR 500 mn in the Middle East with a focus on the UAE and Saudi                        <\/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\/12\/dhl-to-invest-over-eur-500-mn-in-the-middle-east-with-a-focus-on-the-uae-and-saudi\/\" 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 investment spans the company\u2019s four divisions: DHL Express, DHL Global Forwarding, DHL Supply Chain, and DHL eCommerce.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What they said: <\/strong><span style=\"background-color: transparent;\">\"Our investment reflects the region's increasing strategic importance in connecting Asia, Europe, and Africa, and our commitment to supporting its transformation into a catalyst for regional and global trade,\u201d John Pearson, CEO of DHL Express said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown by division:<\/strong><\/p>\n<ul>\n<li><strong>DHL Express:<\/strong> Upgrades to hub and gateway infrastructure, paired with enhanced air fleet capacity, aim to drive greater service efficiency and faster deliveries;<\/li>\n<li><strong>DHL Global Forwarding:<\/strong> Plans include fleet expansion (including electric trucks) and partnerships to boost connectivity such as the recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1f468b10-a5bb-4fbd-93b9-cf3d8f3a69e2\/dhl-will-use-etihad-rail-for-freight-operations-in-the-uae\" style=\"\" rel=\"noopener\">partnership<\/a> with Etihad Rail to boost connectivity;<\/li>\n<li><strong>DHL Supply Chain:<\/strong> The division will scale up warehousing capacity in the UAE and Saudi, modernize equipment, and deploy advanced technologies to boost efficiency. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The logistics giant \u2764\ufe0f the UAE and Saudi:<\/strong> DHL Supply Chain scaled its UAE operations in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82a7f47e-79d4-4487-8093-e4e82bca86d8\/al-seer-marine-secures-usd-80-mn-financing-from-china%25e2%2580%2599s-bocom\" style=\"\" rel=\"noopener\">October<\/a>, while DHL Global Forwarding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4a8e362c-ab7c-40de-a663-f20a1e649c71\/%253cmark%253edhl%253c%2Fmark%253e-global-forwarding-takes-full-control-of-danzas-aei-emirates\" style=\"\" rel=\"noopener\">acquired<\/a> Danzas AEI Emirates, gaining 1.1k employees and 20 logistics facilities. In Saudi Arabia, DHL Supply Chain and Aramco <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/02d6c74a-94b5-4b06-a152-15284b5d293e\/aramco-and%253cmark%253e-dhl%253c%2Fmark%253e-form-supply-chain-jv\" style=\"\" rel=\"noopener\">formed<\/a> a JV (ASMO), securing SAR 300 mn in agreements to develop the kingdom\u2019s supply chain sector. DHL Global Forwarding also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/4409e1ea-5993-4780-b8ab-065e88fe1d4e\/hyperview-%2B%253cmark%253e-dhl%253c%2Fmark%253e-to-pilot-hydrogen-powered-trucks-in-jubail\" style=\"\" rel=\"noopener\">partnered<\/a> with Hyperview Saudi to pilot hydrogen-powered trucks in Jubail.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dhl\/\">DHL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/middle-east\/\">Middle East<\/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=\"104522\" 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=\"104522\">\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\">A MESSAGE FROM MASHREQ<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/islamic-banking-in-the-age-of-open-finance\/\">\r\n                            Islamic banking in the age of open finance                        <\/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\/12\/islamic-banking-in-the-age-of-open-finance\/\" 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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With Open Finance poised to transform how customers interact with banks, institutions that are ahead in digital infrastructure will be the ones to watch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Open Finance is a revolutionary shift,<\/strong> allowing customers to view all their banking relationships\u2014across institutions\u2014in one consolidated platform. For banks, this means unprecedented transparency. Customers will be able to compare offers in real time: profit rates, turnaround times, and product availability. And this is a fast-approaching reality. The question is \u2013 are banks ready to face and embrace it?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At Mashreq, we\u2019ve made significant investments<\/strong> to ensure we\u2019re not just ready\u2014we\u2019re ahead of the market. Our customers can already access a full suite of Islamic financial products digitally: opening accounts, credit cards, mortgage financing, investments, sukuk applications, even accessing international trading markets. That gives us a unique edge once Open Finance platforms go live. We'll be the first stop for any customer seeking fast, compliant, and digitally enabled Islamic finance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The coming wave isn't just about openness\u2014it's also about inclusivity.<\/strong> Take sukuk investments: traditionally reserved for high-net-worth individuals with minimum requirements of USD 250k, we're soon going to introduce fractional sukuk, enabling access with as little as USD 1k. This is how you democratize finance. Customers will be able to participate through their smartphones, breaking down barriers that once excluded the many in favor of the few. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We're also expanding access to global and local equity markets<\/strong>\u2014NASDAQ, S&P, DFM, ADX\u2014right from our Islamic banking platform. Soon, customers will be able to invest in gold, tokenize assets, and even engage in peer-to-peer finance\u2014all Sharia-compliant, all facilitated through our digital ecosystem.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Is this going to challenge traditional banking models? Absolutely. But that\u2019s exactly the point. Those still adapting to digital banking will find themselves scrambling to catch up. Open Finance won\u2019t just reward innovation\u2014it will expose complacency. The banks that thrive will be those who see transparency as a competitive advantage, not a liability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ibrahim Al Mheiri <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Head of Islamic Banking at Mashreq <\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/a-message-from-mashreq\/\">A MESSAGE FROM MASHREQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/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=\"104524\" 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=\"104524\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/ad-ports-kezad-expands-al-mamourah-project-with-business-district\/\">\r\n                            AD Ports\u2019 Kezad expands Al Ma\u2019mourah project with business district                        <\/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\/12\/ad-ports-kezad-expands-al-mamourah-project-with-business-district\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" 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href=\"https:\/\/api.whatsapp.com\/send?text=AD+Ports%E2%80%99+Kezad+expands+Al+Ma%E2%80%99mourah+project+with+business+district+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F12%2Fad-ports-kezad-expands-al-mamourah-project-with-business-district%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\/12\/ad-ports-kezad-expands-al-mamourah-project-with-business-district\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/600.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104525\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/ad-ports-kezad-expands-al-mamourah-project-with-business-district\/600-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/600.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"600.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/600.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/600.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104524\" class=\"content-area-description single-story post-104524 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi tag-ad-ports-group tag-also-on-our-radar tag-artificial-intelligence tag-debt tag-dubai tag-easylease tag-edge tag-edge-group tag-emaar tag-emirates-islamic-bank tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-gaming tag-imdaad tag-international-holding-company tag-investment tag-kezad tag-logistics tag-ma tag-moodys tag-real-estate tag-sp-global tag-technology-innovation-institute tag-uae-india-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.d88598c4-b241-484c-8dd5-f9893057b816.mp3\"><\/audio><\/figure><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>Kezad <\/strong><strong>launches new business district in Al Ma\u2019mourah:<\/strong> AD Ports Group subsidiary Kezad Group has unveiled plans for a 3 sq km mixed-use commercial hub \u2014 dubbed Kezad Business District (KBD) \u2014 along the E11 corridor between Abu Dhabi and Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/06\/11\/kezad-group-announces-the-development-of-kezad-business-district\" style=\"\" rel=\"noopener\">statement<\/a>. The project is part of the wider 410 sq km Kezad Al Ma\u2019mourah master plan and is being developed in phases, with infrastructure works already underway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What\u2019s planned: <\/strong><span style=\"background-color: transparent;\">The first phase includes a 21k sqm office tower, as well as sports and F&amp;B facilities adjacent to the Kezad One HQ. Kezad says KBD is positioned to host regional HQs, R&amp;D, training facilities, and service providers, benefiting from direct access to Khalifa Port, Zayed International Airport, Etihad Rail, and major highway networks.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The new district comes amid a broader buildout at Al Ma\u2019mourah, where more than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ac759090-c672-43bf-b255-de26ca3568e0\/kezad-to-deliver-aed-621-mn-worth-of-new-warehouse-space-by-2025\" style=\"\" rel=\"noopener\">97.5k sqm<\/a> of new warehousing is under development as part of Kezad\u2019s wider logistics growth plans. The district also neighbors the 3.3 sq km <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a202ee8b-50c1-45d1-aaaf-64c07ba144e2\" style=\"\" rel=\"noopener\">Abu Dhabi Food Hub and Global Auto Hub<\/a>, both under construction. Other recent Al Ma\u2019mourah projects include <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\">Broaden Energy\u2019s AED 455 mn hydrogen-powered facility<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a8ff7c2a-fa7f-4125-8c3b-2736bcc99d80\/new-sharjah-decree-regulates-water-sports-in-the-emirate-%2B-7x-spins-out-logistics-subsidiary\" style=\"\" rel=\"noopener\">two Sam Force community retail centers<\/a>.<\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>&amp;P Global Ratings upgraded Emaar Properties' long-term issuer credit rating t<\/strong><strong>o BBB+ from<\/strong><strong> BBB<\/strong>, with a stable outlook, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/543.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Emaar\u2019s senior unsecured debt rating received the same upgrade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>S&amp;P\u2019s upgrade reflected Emaar's robust financial fundamentals, bolstered by the real estate developer\u2019s AED 110 bn development backlog as of the end of last year and its AED 65.4 bn worth of UAE presales in 2024. Key financial strengths include a netcash position, low leverage, and strong EBITDA margins, as well as strong hospitality and real estate segments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Moody's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/50e65fbe-c094-46e2-82d8-78250097a75f\/mubadala,-taqa-complete-acquisition-of-majority-stakes-in-uzbekistan-power-plant\" style=\"\" rel=\"noopener\">also recently raised<\/a> Emaar\u2019s rating to Baa1 from Baa2 with a stable outlook. <\/p>\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>#1- <\/strong><strong>CMA<\/strong><strong> + NG9 Group to make film and TV projects in Abu Dhabi: <\/strong>The Abu Dhabi Creative Media Authority (CMA) partnered up with UAE-based consortium NG9 Group \u2014 made up of Nirvana Holding, Gewan Holding, and 9Yards Group \u2014 on film production in the emirate, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/arts-culture\/creative-media-authority-signs-aed55m-partnership-with-ng9-holding-to-enhance-local-film-and-tv-production-sector-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The initial phase will see the partners co-produce two feature films and a 10-episode television series with a combined budget of AED 55 m.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>CMA will provide location support, talent development, and casting assistance, while NG9 Group will offer discounted rates on hotels, flights, and transport for Abu Dhabi Film Commission-backed productions. The projects will be distributed globally, with filming set to begin in September using local crews and talent. The film commission recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f757a25-17c5-4ca4-8b15-67a185a4209a\/this-morning:-major-roads-in-dubai-will-close-starting-at-4pm-today\" style=\"\" rel=\"noopener\">raised its rebate<\/a> for film and TV production to 50% to boost local production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>TCSJohnHuxley <\/strong><strong>secures UAE gaming license:<\/strong> UK-based live gaming equipment manufacturer TCSJohnHuxley obtained a gaming-related vendor license from the UAE's General Commercial Gaming Regulatory Authority (GCGRA), authorizing the company to supply its live gaming products to licensed operators across the country, according to a <a target=\"_blank\" href=\"https:\/\/focusgn.com\/tcsjohnhuxley-secures-gcgra-gaming-related-vendor-licence-in-the-uae\" 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>Vendor license?<\/strong> The GCGRA awarded the UAE\u2019s first gaming-related vendor license to Australia\u2019s Aristocrat <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/591afdbb-9797-451a-b290-1d9d66006798\/investcorp-capital-expands-us-industrial-real-estate-portfolio-with-new-acquisitions\" style=\"\" rel=\"noopener\">last year<\/a>, whilst Wynn Resorts was the first to get a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/591afdbb-9797-451a-b290-1d9d66006798\/investcorp-capital-expands-us-industrial-real-estate-portfolio-with-new-acquisitions\" style=\"\" rel=\"noopener\">commercial gaming operator\u2019s license<\/a> a few weeks before.<\/p>\n<p class=\"tag-border-left\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge <\/strong><strong>Group + FAB partner on supply chain finance, AI treasury solutions: <\/strong>Edge Group has joined forces with First Abu Dhabi Bank (FAB) to implement two financial initiatives \u2014 FAB's Supply Chain Finance (SCF) solution and its AI-powered Treasury Management System (TMS) \u2014 according to a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-and-fab-sign-strategic-agreement-build-resilient-financial-ecosystem\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The SCF solution will provide Edge's local and international suppliers with early, low-cost financing to enhance trust and operational continuity. Meanwhile, FAB\u2019s TMS platform will automate Edge's treasury operations, optimize liquidity, and mitigate interest rate and foreign exchange risks while improving financial planning and funding efficiency.<\/p>\n<p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Hudson <\/strong><strong>Bay Capital Management sets up second UAE office: <\/strong>US investment management firm Hudson Bay Capital Management is establishing an office in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-11\/hedge-fund-hudson-bay-expands-in-uae-with-abu-dhabi-office-after-dubai\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The new office is expected to open before year-end and marks the firm\u2019s expansion in the Emirates beyond Dubai, where it currently has 10 employees. Hedge funds operating out of both financial hubs remain somewhat of a rarity, Bloomberg noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Siraj Holding<\/strong><strong> + AWR Lloyd launch advisory JV: <\/strong>Abu Dhabi-based investment firm <a target=\"_blank\" href=\"https:\/\/www.sirajholding.ae\/\" style=\"\" rel=\"noopener\">Siraj<\/a><a target=\"_blank\" href=\"https:\/\/www.sirajholding.ae\/\" style=\"\" rel=\"noopener\">Holding<\/a> and Asia-Pacific strategy consultancy <a target=\"_blank\" href=\"https:\/\/www.awrlloyd.com\/\" style=\"\" rel=\"noopener\">AWR LIoyd<\/a> have launched a JV \u2014 AWR Lloyd Gulf Partners \u2014 to offer advisory services in the Middle East, Turkey, and Africa, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/strategy-consultancy-business-to-be-launched-for-the-middle-east-turkey-and-africa-by-siraj-holding-and-awr-lloyd-rhyscwc0\" style=\"\" rel=\"noopener\">press release<\/a>. The new headquarters in Abu Dhabi target corporates and public sector clients.<\/p>\n<p><strong>The JV will focus on sectors including energy, infrastructure, real estate, and tech. <\/strong>It will offer services such as new market entry, shareholder value strategy, restructuring, ESG, and sustainable transformation, as well as M&amp;A due diligence, and investment and equity transactions advisory. <\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE <\/strong><strong>to get world\u2019s first machine economy freezone: <\/strong><a target=\"_blank\" href=\"https:\/\/www.peaq.xyz\/\" style=\"\" rel=\"noopener\">P<\/a><a target=\"_blank\" href=\"https:\/\/www.peaq.xyz\/\" style=\"\" rel=\"noopener\">eaq<\/a>, an open-source software network and blockchain tech firm, and Abu Dhabi-based venture studio <a target=\"_blank\" href=\"https:\/\/www.pulsargroup.com\/\" style=\"\" rel=\"noopener\">Pulsar Group<\/a> have partnered to launch the world\u2019s first machine economy freezone (MEFZ) in Abu Dhabi and Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.peaq.xyz\/blog\/welcome-to-the-worlds-first-machine-economy-free-zone-in-the-uae\" style=\"\" rel=\"noopener\">statement<\/a>. As part of the rollout, peaq will relocate its global HQ to the UAE. The term machine economy usually encompasses sectors like artificial intelligence, blockchain, IoT, and emerging digital and automated technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> MEFZ will act as a sandbox to test regulatory initiatives related to machine tokenization and automation, and will also allow Emirati partners to test their technologies in the zone. It will partner with institutions and investment bodies, and establish an innovation hub focused on decentralized physical infrastructure networks (DePINs). It will pilot a universal basic ownership (UBO) model which aims to allow people to co-own and see returns from automated technologies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">_SubHed_! <strong>UTILITIES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Imdaad <\/strong><strong>+ InterWater partner up on water recycling initiative:<\/strong> Dubai facilities management company Imdaad signed a three-year agreement with InterWater International to implement a large-scale reverse osmosis water (RO) treatment system, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/imdaad-and-interwater-collaborate-on-cutting-edge-water-treatment-project-in-dubai-yzl5q9kl\" style=\"\" rel=\"noopener\">press release<\/a>. The water purification project will see InterWater build RO facilities across Imdaad\u2019s treatment plants, and process 3k cubic meters of treated water daily.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> InterWater will deploy its mobile containerized ultrafiltration and reverse osmosis technology, providing round-the-clock operational support. Imdaad will maintain consistent wastewater supply and monitor daily output quality. The treated water will serve industrial applications including district cooling systems and construction operations.<\/p>\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>Islamic<\/strong><strong> Bank has partnered with Swiss-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.leonteq.com\/?language_id=1\" style=\"\" rel=\"noopener\">Leonteq<\/a><\/strong><strong> to co-design<\/strong><strong> a<\/strong><strong>nd distribute Shariah-compliant structured products<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-islamic-partners-with-leonteq-to-unveil-innovative-shariah-compliant-structured-products-g3dlfemv\" style=\"\" rel=\"noopener\">press release<\/a>. The bank will collaborate on designing products under Leonteq\u2019s newly launched Shariah-compliant certificate program, while Leonteq will oversee issuance and Shariah-compliant hedging. The tie-up is aimed at high-net-worth clients looking for market-lined returns with capital protection and tailored risk exposure. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports-group\/\">AD Ports Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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  <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104526\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"104526\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/world-bank-sees-global-growth-slowing-to-a-near-two-decade-low-in-2025\/\">\r\n                            World Bank sees global growth slowing to a near two decade low in 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104527\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/world-bank-sees-global-growth-slowing-to-a-near-two-decade-low-in-2025\/1292-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1292.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1292.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1292.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1292.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104526\" class=\"content-area-description single-story post-104526 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-economy tag-enterpriseam-uae tag-financial-markets tag-planet-finance tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.172730b5-96a3-4b2d-b398-8dcf91128acf.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Global growth to slow down to lowest rate since 2008 on the back of trade <\/strong><strong>conflicts:<\/strong> The World Bank expects GDP growth to weaken to 2.3% in 2025 on a global level, in what would mark the slowest rate of growth in almost 17 years, without counting outright global recessions, the bank wrote in its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/544.pdf\" style=\"\" rel=\"noopener\">Global Economic Prospects report (pdf)<\/a>. The forecast for 2025 represents a drop of 0.4 percentage points from the bank\u2019s previous forecast in January, while its forecast of 2.4% growth in 2026 is 0.3 percentage points lower than the bank\u2019s prediction at the start of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The rationale: <\/strong><span style=\"background-color: transparent;\">The bank sees global growth deteriorating on the back of a \u201csubstantial rise in trade barriers and the pervasive effects of an uncertain global policy environment,\u201d with the outlook largely depending on how trade policy evolves globally. \u201cGrowth could turn out to be lower if trade restrictions escalate or if policy uncertainty persists, which could also result in a build-up of financial stress,\u201d the report reads.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The risks don\u2019t end there:<\/strong> Other risks to growth include \u201cadverse global spillovers, worsening conflicts, and extreme weather events,\u201d as well as the possibility of lower-than-expected growth in major economies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some hope?<\/strong> However, the outlook could improve should major economies sign \u201clasting agreements that address trade tensions,\u201d the bank said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><b>^^This is already happening:<\/b> The US and China <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ea217a64-6b69-4caa-a311-77a5090b06c3\/dfm-introduces-new-rules-for-margin-trading-%2B-adgm-expects-continued-growth-in-registered-firms\" style=\"\" rel=\"noopener\">have finally reached a trade agreement<\/a> that could end a long and heated tit-for-tat that started with the US\u2019 imposition of a 145% tariff on Chinese imports, though few details have emerged and the final agreement still requires sign-offs from the countries\u2019 leaders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US is now expected to see its GDP growth slow to 1.4% in 2025,<\/strong> before seeing a slight uptick to 1.6% in 2026. The forecast for 2025 is 0.9 percentage points lower than it was in the bank\u2019s forecast in January, while that of 2026 is 0.4 percentage points lower than the previous forecast. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bank also trimmed the Euro Area\u2019s growth forecast,<\/strong> expecting growth to slow to 0.7% in 2025 (0.3 percentage points lower than the previous forecast) before rising slightly to 0.8% in 2026 (0.4 percentage points lower than the previous forecast). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for China,<\/strong> the World Bank kept its forecast for the country unchanged at 4.5% growth in 2025, and 4.0% in 2026, \u201cas the impact of higher trade barriers and weaker external demand is assumed to be offset by the boost from additional fiscal policy support,\u201d it wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REGIONALLY- Growth in the MENA region is expected to strengthen to 2.7% in 2025<\/strong> \u2014 up 0.1 percentage points from its previous forecast in April \u2014 before strengthening further to 3.9% in 2026-27, on the back of \u201can expansion of oil activity in oil exporters, which more than offsets the adverse effects of weakening external demand and lower oil prices.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growth in GCC economies is expected to increase to 3.2% in 2025 (unchanged from its April forecast)<\/strong>, 4.5% in 2026, and 4.8% in 2027. \u201cThe phase-out of OPEC+ oil production cuts starting in April 2025 is expected to lead to rising oil production, despite projected lower oil prices amid weakening global demand,\u201d according to the report. <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed this morning<\/strong>, with Hong Kong\u2019s Hang Seng index and Japan\u2019s Nikkei leading losses. South Korea\u2019s Kospi, on the other hand, is up 0.3%. Over on Wall Street, futures are subdued despite news of a trade agreement between the US and China and positive May inflation data. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,805<\/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: +4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,596<\/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: +8.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,581<\/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: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,005<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: -8.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">32,935<\/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: +10.7%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6022<\/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>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\">8864<\/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: +8.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5393<\/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: +10.2%)<\/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>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 69.77<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+4.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.52<\/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%<\/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 3385.90<\/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\">+1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 108,919.50<\/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\">-0.9% (YTD: +16.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">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\">0.0% (YTD: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">144.09<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +3.0%)<\/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>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\">17.26<\/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\">+1.8% (YTD: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.1% yesterday<\/strong> on turnover of AED 447.7 mn. The index is up 8.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Emirates Reem Investments Company (+9.3%), Dubai National Ins. and Reins. (+8.8%) and Union Properties (+5.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>International Financial Advisors (-10.0%), Gulf Navigation Holding (-6.3%) and Al Salam Sudan (-4.2%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.1% on turnover of AED 1.8 bn. Meanwhile, Nasdaq Dubai was up 0.2%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IFA Hotels nears multi-mn debt settlement:<\/strong> IFA Hotels &amp; Resorts Dubai is in line for a KWD 14.7 mn (AED 176.1 mn) debt write-down under a settlement offer that has received initial approval from its parent company DFM-listed Kuwaiti conglomerate International Financial Advisors Holding (IFA), according to a bourse <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/585.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The plan also covers KWD 2.69 mn (AED 32.25 mn) owed by the firm\u2019s Kuwait-based hotel arm, with both debts set to be cleared through a capital increase in IFA Hotels and Resorts. The transaction remains subject to procedural steps tied to the capital hike. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104528\" 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=\"104528\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/uae-fm-meets-us-marco-rubio-in-washington\/\">\r\n                            UAE FM meets US\u2019 Marco Rubio in Washington                        <\/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\/12\/uae-fm-meets-us-marco-rubio-in-washington\/\" 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 high-level talks in Washington DC focused on expanding cooperation on the economy, advanced technology, artificial intelligence, and trade, and follow on from President Trump's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f0dcc45e-2072-4556-8166-fcb97b57deac\/what-to-expect-from-trump%25e2%2580%2599s-gulf-visit-this-week\" style=\"\" rel=\"noopener\">May visit<\/a> to Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">UAE <\/strong><strong style=\"background-color: transparent;\">president meets Qatari PM in Abu Dhabi:<\/strong><span style=\"background-color: transparent;\"> President Sheikh Mohamed bin Zayed Al Nahyan held discussions with Qatar's Prime Minister and Foreign Minister Mohammed bin Abdulrahman bin Jassim Al Thani at Qasr Al Bahr, <\/span><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk480vb-uae-president-receives-qatari-prime-minister-and\" rel=\"noopener\">Wam<\/a><span style=\"background-color: transparent;\"> reports. The leaders reviewed regional and international developments of mutual interest.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, Greece officials meet at Cyprus investment conference: <\/strong>UAE Economy Minister Abdulla bin Touq Al Marri met with senior officials from Cyprus and Greece during the first Investopia-Mediterranean forum in Cyprus, <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4581953\/%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A8%D9%86-%D8%B7%D9%88%D9%82-%D9%8A%D8%A8%D8%AD%D8%AB-%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%88%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D9%8A-%D9%85%D8%B9-%D9%82%D8%A8%D8%B1%D8%B5\" style=\"\" rel=\"noopener\">Al Etihad<\/a> reports. Talks focused on advancing economic cooperation in renewable energy, digital infrastructure, and tourism. The minister held separate discussions with Cyprus' energy, foreign affairs and tourism ministers, to discuss expanding their bilateral economic, business, and investment relations.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-us-ties\/\">UAE-US Ties<\/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=\"104530\" 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\/12\/104530-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104530\" class=\"content-area-description single-story post-104530 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>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>11-14 June (Wednesday-Saturday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/vivatechnology.com\/\" style=\"\">Viva Technology<\/a><\/span><span style=\"font-weight:400;\">, Paris.<\/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>17-19 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructegypt.com\/\" style=\"\">Big 5 Construct Egypt<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center Cairo, Egypt.<\/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>8-19 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldhealthexpo.com\/events\/healthcare\/tech\/en\/home.html\" style=\"\">WHX-Tech Expo<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 September (Friday-Sunday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.realestateshow.ae\/\" style=\"\">International Real Estate and Investment Show<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-17 September (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">24-25 September (Wednesday-Thursday): Mohammed Bin Rashid Leadership Forum, Mohammed Bin Rashid Center for Leadership Development, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/rta-opens-registration-for-the-dubai-world-congress-for-self-driving-transport-2025?lang=en\" style=\"\">Dubai World Congress for Self-Driving Transport<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-2 October (Thursday-Friday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wges.ae\/\" style=\"\">World Green Economy Summit (WGES)<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 September - 2 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wetex.ae\/en\/about\" style=\"\">The Water, Energy, Technology, and Environment Exhibition (WETEX)<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-16 October (Friday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.visitdubai.com\/en\/whats-on\/dhf\" style=\"\">Dubai Home Festival<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 October (Tuesday-Thursday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.icrp.org\/page.asp?id=659\" style=\"\">International Symposium on the System of Radiological Protection<\/a><\/span><span style=\"font-weight:400;\">, the Ritz-Carlton Abu Dhabi, Grand Canal. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-15 October (Thursday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/iucncongress2025.org\/\" style=\"\">IUCN World Conservation Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 October (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/initiatives.weforum.org\/future-of-growth-initiative\/gfc\" style=\"\">Global Future Councils<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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 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\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>Adnoc L&#038;S to streamline Borouge\u2019s petrochem exports | New Emiratization targets for ins | DHL eyes investments in the UAE<\/p>\n","protected":false},"featured_media":104505,"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-104504","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"bfcdcc94-61e9-4ddd-a74f-40c54213b0ed","teaser":"Adnoc L&S to streamline Borouge\u2019s petrochem exports | New Emiratization targets for ins | DHL eyes investments in the UAE","photo_url":"https:\/\/ent.news\/2025\/5\/1095.jpg"},"yoast_head":"<!-- This site is optimized with 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