{"id":104555,"date":"2025-06-13T00:00:00","date_gmt":"2025-06-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=104555"},"modified":"2025-12-15T04:02:20","modified_gmt":"2025-12-15T04:02:20","slug":"regional-tensions-rise-as-israel-strikes-iran-plus-new-oil-production-concessions-awarded","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/regional-tensions-rise-as-israel-strikes-iran-plus-new-oil-production-concessions-awarded\/","title":{"rendered":"Regional tensions rise as Israel strikes Iran. Plus: New oil production concessions awarded"},"content":{"rendered":"<section id=\"104557\" 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=\"104557\">\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\/13\/this-morning-israel-strikes-iran-in-biggest-attack-on-the-country-since-iraq-war-president-heads-to-g7-summit-this-sunday\/\">\r\n                            THIS MORNING: Israel strikes Iran in biggest attack on the country since Iraq war + President heads to G7 summit this Sunday                        <\/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\/13\/this-morning-israel-strikes-iran-in-biggest-attack-on-the-country-since-iraq-war-president-heads-to-g7-summit-this-sunday\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We have the details in the Big Story Abroad, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home: <\/strong>We have fresh details on government spending and revenues in 2024, as well as three oil production concessions awarded to Adnoc and other international partners. Plus: Plenty of investment news from Dubai-based Stake, Shaiva Group, and Taranis Capital. Let\u2019s dive in. <\/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> Don't forget to hydrate:<\/strong> <strong>Dubai<\/strong> will be seeing an afternoon high of 45\u00b0C today, and an overnight low of 31\u00b0C. In <strong>Abu Dhabi<\/strong>, the mercury will peak at 37\u00b0C, though it will feel like 41\u00b0C, before cooling to 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>Sidara\u2019s Wood takeover deadline pushed again: <\/strong>The deadline for Dubai-based Sidara to submit a takeover bid for UK-listed engineering firm Wood Group has been extended again to 30 June, according to a <a target=\"_blank\" href=\"https:\/\/www.woodplc.com\/news\/latest-press-releases\/2025\/extension-of-pusu-deadline-12-Jun\" style=\"\" rel=\"noopener\">statement<\/a>. The extension allows time to resolve outstanding pre-conditions tied to debt restructuring and liquidity arrangements, Wood said. The delay also gives Wood time to finalize its overdue 2024 financial audit, which prompted a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eb133b89-f5ca-493d-8038-443ccae9d33d\/bilateral-chip-agreement-with-the-us-could-be-on-the-table-during-talks-with-trump-in-mid-may\" style=\"\" rel=\"noopener\">temporary suspension<\/a> of its shares on the London Stock Exchange in April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Wood Group has been the subject of an on-again, off-again takeover interest from Sidara for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de98445d-93db-4679-a8ea-e4fb0f1e69be\/%253cmark%253esidara%253c%2Fmark%253e-gets-access-to-due-diligence-on-wood-group\" style=\"\" rel=\"noopener\">over a year<\/a>. The most recent proposal \u2014 a GBP 0.35 per share allcash offer valued at USD 318.4 mn \u2014 includes a USD 450 mn debt package and has been described by Wood\u2019s board as a \u201cbetter option\u201d for shareholders. Previous takeover proposals had valued Wood at GBP 1.59 bn, though valuations subsequently fell following financial governance issues.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>The <\/strong><strong>US Senate <\/strong><strong>rejected resolutions that would have blocked over USD 3 bn in arms<\/strong><strong> sales to <\/strong><strong>the UAE and Qatar<\/strong>, with votes split largely along party lines, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/us-senate-rejects-bids-block-arms-sales-qatar-uae-2025-06-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The agreements include a USD 1.6 bn package to the UAE covering helicopters and other equipment, and a USD 1.9 bn sale of armed drones to Qatar. Opponents cited concerns over Gulf-linked gifts and Emirati links to Trump-affiliated crypto ventures (read: <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4a8ff03d-06a2-4635-972e-9bf37aff1f4c\/dwf-labs-expands-into-the-us-and-buys-usd-25-mn-worth-of-world-liberty-financial-tokens\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eb133b89-f5ca-493d-8038-443ccae9d33d\/bilateral-chip-agreement-with-the-us-could-be-on-the-table-during-talks-with-trump-in-mid-may\" style=\"\" rel=\"noopener\">here<\/a>), while those voting against the resolutions described both countries as reliable US security partners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Announced in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c163438b-290f-4c7d-8d02-d952225e5ce0\/this-morning:-trump-lands-in-saudi-arabia-today-%2B-us-approves-potential-usd-1.3-bn-arms-sale-to-the-uae\" style=\"\" rel=\"noopener\">May<\/a>, the UAE agreement includes six CH-47F Chinook helicopters and F-16 parts for use in counterterrorism, disaster relief, and humanitarian operations. The sale follows the UAE\u2019s designation last year as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab224c54-36be-4410-91a0-a4a56e60a948\/us,-uae-agree-on-ai-framework,-pledge-defense,-space-cooperation\" style=\"\" rel=\"noopener\">major defense partner of the US<\/a> \u2014 a status previously granted only to India.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026 Gulf-linked gifts? <\/strong>During his <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f0dcc45e-2072-4556-8166-fcb97b57deac\/what-to-expect-from%253cmark%253e-trump%253c%2Fmark%253e%25e2%2580%2599s-gulf-visit-this-week\" style=\"\" rel=\"noopener\">Gulf visit<\/a>, the Trump administration <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/db679325-93a7-4a2b-9e03-a4ea424f94dc\/this-morning:-india-restricts-gold-and-silver-imports-from-the-uae-%2B-make-it-in-the-emirates-wraps-today\" style=\"\" rel=\"noopener\">formally accepted<\/a> a USD 400 mn Boeing 747 jet from Qatar, gifted for use as a future Air Force One aircraft. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>Bybit and Bitget to<\/strong><strong> relocate Singapore team to Dubai amid regulatory<\/strong><strong> crackdown:<\/strong> Singapore-based crypto exchanges like Bitget and Bybit are considering relocating employees to Dubai after Singapore's Monetary Authority (MAS) ordered crypto firms offering offshore services to cease operations by 30 June, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-11\/singapore-order-leads-unlicensed-crypto-exchanges-to-weigh-exit\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing sources familiar with the matter. Neither of the exchanges hold local licenses in Singapore, and both already operate in Dubai.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>Circle <\/strong><strong>eyes UAE remittance market: <\/strong>Stablecoin issuer Circle is in early talks with UAE-based remittance firms to integrate its USDC stablecoin into local money transfer networks, company president Heath Tarbert told <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/banking-finance\/2025\/06\/stablecoin-issuer-circle-targets-uaes-47bn-remittance-corridor\/\" style=\"\" rel=\"noopener\">Arabian Gulf Business Insight<\/a>. The move follows Circle\u2019s IPO on the New York Stock Exchange, which valued the firm at USD 21 bn, and is part of a broader push to expand in high-volume remittance corridors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>Circle says USDC, which has a USD 60 bn market capitalization, could dramatically reduce settlement times and costs \u2014 as much as \u201c30 to 100x\u201d cheaper than traditional methods \u2014 by replacing bank-led clearing with near-instant blockchain transfers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the UAE? <\/strong>The UAE ranks among the busiest global remittance hubs, with USD 44 bn sent home annually by the country\u2019s 9 mn expatriates, and USDC already accounts for over half of crypto transactions in the UAE. Circle secured in-principle approval to operate as a money-services provider in ADGM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8d1844e-38d8-46b9-8e36-8356a77e41c4\/almaden-to-invest-usd-240-mn-to-develop-a-solar-glass-plant-in-kizad\" style=\"\" rel=\"noopener\">in April<\/a>, after receiving Dubai International Financial Center recognition for USDC and EURC as accepted digital tokens <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/20ce997d-cec7-4965-8f12-9a1ac287d64e\/burjeel-secures-aed-225-mn-contracts-for-uae,-sudan-and-chad-healthcare-facilities\" style=\"\" rel=\"noopener\">earlier in February<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong> GCC <\/strong><strong>banks with Turkish subsidiaries are expected to benefit from<\/strong><strong> improved op<\/strong><strong>erating conditions in Turkey,<\/strong> with easing inflation projected to curb the subsidiaries\u2019 net monetary losses in 2025-2026, <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/banks\/gcc-banks-with-turkish-subs-to-benefit-from-improved-macro-conditions-11-06-2025\" style=\"\" rel=\"noopener\">Fitch Ratings<\/a> wrote in a note on its website. GCC banks have sustained net monetary losses since 2022, reporting more than USD 7 bn in losses \u2014 equivalent to about 5% of aggregated equity by the end of 2024, as cumulative Turkish inflation exceeded 100% over the previous three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish subsidiaries of GCC banks saw net monetary losses of USD 2.5 bn in 2024,<\/strong> down slightly from net losses of USD 2.7 bn in 2023, as inflation averaged 60% over the last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the improved operating conditions, GCC banks\u2019 Turkish exposures are seen as a c<\/strong><strong>redit-negative<\/strong>, with Fitch deducting one notch from the \u201cdomestic operating environment scores for the Viability Ratings (VRs) of Burgan Bank, Emirates NBD, QNB and KFH to reflect exposures to weaker international markets,\u201d the note reads.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SHUTTING DOWN THE RUMOR MILL-<\/strong><strong> Kuwai<\/strong><strong>t\u2019s GFH quashes market chatter<\/strong><strong> of potential Shuaa tie-up:<\/strong> Kuwait-listed Bahraini investment bank <a target=\"_blank\" href=\"https:\/\/gfh.com\/\" style=\"\" rel=\"noopener\">GFH Financial Group<\/a> shut down rumours about a potential merger with Dubai-based investment platform <a target=\"_blank\" href=\"https:\/\/www.shuaa.com\/\" style=\"\" rel=\"noopener\">Shuaa Capital<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/639.pdf\" style=\"\" rel=\"noopener\">bourse disclosure (pdf)<\/a>. The firm said the pair were not engaged in any talks, negotiations or agreements on the matter, and that the information was \u201cincorrect.\u201d The statement came out following unverified chatter online, which had been circulating on social media for days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Based on somewhat of a true story:<\/strong> The two firms briefly <a target=\"_blank\" href=\"https:\/\/www.meed.com\/gfh-pulls-out-of-shuaa-merger-talks\/\" style=\"\" rel=\"noopener\">explored a merger back in 2017<\/a>, but those talks were dropped, after failing to both agree on acquisition terms and secure initial regulatory approvals, and have not since reopened.<\/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\"><strong>Fancy visiting Armenia this summer? <\/strong>The country will implement no-visa travel for citizens and residents of Gulf Cooperation Council (GCC) countries effective 1 July, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/armenia-announces-visa-free-travel-for-gcc-nationals-and-residents-starting-july-1-2025-f5tiyl6m\" style=\"\" rel=\"noopener\">press release<\/a>. The policy allows stays of up to 90 days within any 180-day period for tourism, leisure, or business purposes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The visa waiver applies to passport holders from all six GCC states (the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain, and Oman) and extends to foreign residents holding valid GCC residency permits with at least six months' validity. Armenia previously introduced individual visa exemptions for UAE in 2017, as well as for other GCC countries.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dwtc.com\/en\/events\/china-home-life-2025\/\" style=\"\" rel=\"noopener\">The China Home L<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dwtc.com\/en\/events\/china-home-life-2025\/\" style=\"\" rel=\"noopener\">ife Expo<\/a><\/strong><strong> is on its final day <\/strong>at the Dubai World Trade Center. The event will showcase a wide range of Chinese consumer products including building materials, textiles, consumer materials, and will connect manufacturers and buyers from across the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dwtc.com\/en\/events\/international-appliance-and-electronics-show-2025\/\" style=\"\" rel=\"noopener\">The International Appliances and Electronics Show<\/a><\/strong><strong> is also wrapping up today <\/strong>at the Dubai World Trade Center. The exhibition showcases the latest advancements in home appliances and consumer electronics, featuring product launches, technology showcases, and networking chances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Economy Minister Abdulla bin Touq Al Marri is currently leading a UAE delegation of over 50 <\/strong><strong>representatives <\/strong>from government institutions, businesses, and startups to tech conference and exhibition <a target=\"_blank\" href=\"https:\/\/vivatechnology.com\/\" style=\"\" rel=\"noopener\">Viva Technology<\/a> in Paris that runs until Saturday. The event will bring together 3.2k investors and 13.5k startups. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE is heavily involved in France\u2019s tech sector.<\/strong> Abu Dhabi\u2019s MGX and <a target=\"_blank\" href=\"https:\/\/www.nvidia.com\/en-us\/\" style=\"\" rel=\"noopener\">Nvidia<\/a> have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e054972b-bc3f-451b-8965-125be14f5b06\/mgx,-nvidia,%253cmark%253e-france%253c%2Fmark%253e-to-build-europe%25e2%2580%2599s-biggest-ai-hub\" style=\"\" rel=\"noopener\">partnered<\/a> with French AI leaders to build Europe\u2019s largest AI data center campus near Paris, after the Emirates signaled plans to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/964d2ba1-4872-423a-a2af-0a770161b4e3\/this-morning:-mgx-to-invest-in-french-ai-%2B-anthropic%3F\" style=\"\" rel=\"noopener\">invest USD 30-50 bn<\/a> in French AI and data infrastructure.<\/p>\n<p class=\"tag-border-left\">HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE's <\/strong><strong>president to attend G7 summit:<\/strong> President Sheikh Mohamed bin Zayed Al Nahyan will be attending the <a target=\"_blank\" href=\"https:\/\/g7.canada.ca\/en\/\" style=\"\" rel=\"noopener\">G7 summit<\/a> due to be held in Canada from Sunday, 15 June until Tuesday, after receiving an invitation from Canada's Prime Minister Mark Carney, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15m5323-uae-president-receives-invitation-participate\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The summit is set to discuss international peace and security, the digital transition, and global economic growth.<\/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\"> <a id=\"wwtt4\"><\/a><strong> THIS JUST IN-<\/strong> <strong>Israel attacked Tehran<\/strong> just a few hours ago in a major escalation of regional tensions, which Israeli Prime Minister Benjamin Netanyahu said targeted the country\u2019s nuclear and military sites. This comes days before another planned round of nuclear talks between Iran and the US was set to take place in Oman, after the US sent Iran a proposal that involves restrictions on its nuclear program, including on enriching uranium. The head of Iran\u2019s paramilitary Revolutionary Guard, General Hossein Salami, along with other officials and nuclear scientists, are suspected to have been killed in the attack, according to Iranian state TV. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israeli Defense Minister Israel Katz declared a special state of emergency<\/strong> and said Israel\u2019s strike was \u201cpreemptive\u201d and that he expects retaliation from Iran. Netanyahu said the operation \u201cwill continue for as many days as it takes to remove this threat.\u201d The US said it was not involved in the attack. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> Oil futures soared 10% on the news, with Brent Crude futures climbing to USD 76.48 a barrel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story is grabbing headlines everywhere:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/06\/12\/israels-defense-minister-announces-special-situation-after-israeli-attack-on-iran.html\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/06\/12\/israels-defense-minister-announces-special-situation-after-israeli-attack-on-iran.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-strikes-iran-no-us-involvement-us-officials-say-2025-06-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/46b1a363-c805-4800-abbf-6b47b9602ef2\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/iran-explosions-israel-tehran-00234a06e5128a8aceb406b140297299\" style=\"\" rel=\"noopener\">AP<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewhere, an Air India crash in Ahmedabad, India killed over 240 passengers<\/strong> after crashing before heading on its way to London. The Boeing 787 crash \u2014 which is the deadliest aviation crash in more than a decade \u2014 left only one known survivor. Boeing\u2019s shares fell 4.8% yesterday. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-12\/air-india-boeing-787-from-ahmedabad-to-london-gatwick-crashes?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/plane-crashes-indias-ahmedabad-airport-tv-channels-report-2025-06-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0f1196c5-c656-4804-b84d-cc5225b4939f\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/india-plane-crash-cad8dad5cd0e92795b03d357404af5f8\" style=\"\" rel=\"noopener\">AP<\/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.<span style=\"background-color: transparent;\">&nbsp;<\/span><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\"><a id=\"wwtt5\"><\/a> <strong>Fitch Ratings re<\/strong><strong>vised its 2025 outlook for the global oil and gas sector to deteriorating<\/strong> <strong>from neutral<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/corporate-finance\/fitch-ratings-changes-global-oil-gas-sector-outlook-to-deteriorating-11-06-2025\" style=\"\" rel=\"noopener\">statement<\/a>. The agency pointed to reduced economic prospects following US tariffs, a quicker-than-expected rollback of Opec+ voluntary cuts, and accelerating output from non-Opec+ producers as key reasons for the downgrade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ratings agency slashed its oil price assumption for 2025 to USD 65\/bbl<\/strong>, down from USD 70 in April, though it left its medium-term and mid-cycle price forecasts unchanged. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geopolitical risk remains a wild card for oil markets<\/strong>, Fitch said. The agency flagged the potential risk of price spikes from further sanctions targeting Russia, Iran, or Venezuela, as well as the conflict between Israel and Iran. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch now expects global oil demand to grow by 800k bbl\/d in 2025<\/strong>, down from earlier projections of over 1 mn bbl\/d. Opec+\u2019s spare capacity stood at 5.7 mn bbl\/d as of May, highlighting that the market will remain oversupplied this year due to faster supply growth, the agency added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the <\/strong><strong>natgas<\/strong><strong> front:<\/strong> Fitch expects prices to remain supportive for producers, helping offset some of the revenue pressure from lower oil prices. US oil producers are slashing capex and output plans in response to price signals, with natural gas-focused upstream players set to benefit as lower oil output will reduce associated gas production, potentially supporting natural gas prices.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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                 <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104560\" 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=\"104560\">\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\">BUDGET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/govt-assets-revenues-and-expenditures-rose-in-2024\/\">\r\n                            Gov\u2019t assets, revenues, and expenditures rose in 2024          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data-image-title=\"660.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/660.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/660.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104560\" class=\"content-area-description single-story post-104560 post type-post status-publish format-standard has-post-thumbnail hentry category-budget-watch tag-budget-watch tag-economy tag-enterpriseam-uae tag-federal-national-council 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\/.b633284f-d01d-4a8b-8390-9341a349587b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t revenues and spending were up last year<\/strong><strong>: <\/strong>The Federal National Council (FNC) approved the Union\u2019s final consolidated financial statements for FY 2024, providing additional insights over the UAE\u2019s main sources of operational revenues as well as the government\u2019s total expenditures during the period, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bk4t8ur-%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%AD%D8%B3%D8%A7%D8%A8-%D8%A7%D9%84%D8%AE%D8%AA%D8%A7%D9%85%D9%8A\" style=\"\" rel=\"noopener\">Wam<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The UAE federal government\u2019s consolidated revenues <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7c2b49e5-a121-4043-b625-233e9520bf9b\/gov%25e2%2580%2599t-revenues-reached-aed-533.3-bn-in-2024\" style=\"\" rel=\"noopener\">came in<\/a> at some AED 533.4 bn in 2024, marking a 2.4% decrease from the previous year, when revenues came in at AED 546.6 bn. Tax revenues were the main driver of the government\u2019s overall revenues for the year, reaching AED 366.4 bn \u2014 representing 66% of the UAE\u2019s total revenues in 2024. Tax revenues were up by 15.5% from 2023, when they came in at AED 307 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Last year\u2019s <\/strong><strong>operating<\/strong><strong> revenues <\/strong><strong>\u2014 coming in at AED 74.5 bn, according to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/business\/local\/2025-06-11-1.1951788\" style=\"\" rel=\"noopener\">Emarat Al Youm<\/a><\/strong><strong> \u2014<\/strong><strong> were up 12.5% y-o-y.<\/strong> The first included returns from investments, deposits, and dividends from government-owned companies (comprising AED 8 bn), and interest from deposits and treasury bills (AED 4.5 bn), Wam quotes Financial Affairs Minister Mohamed bin Hadi Al Hussaini as saying. The second group included revenues from federal services fees, the most notable of which included certificate attestation fees (AED 1.1 bn), wireless device permit fees (AED 1.1 bn), commercial agency and business activity licensing fees (AED 850 mn), medical treatment fees (AED 650 mn), and medical institutions licensing and practice permits (AED 508 mn), among others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Actual expenditures totaled AED 63.7 bn<\/strong>, distributed across various sectors that included \u2014 but were not limited to \u2014 salaries and wages (AED 24 bn), defense and security (AED 15.6 bn), and social affairs (AED 10.6 bn). Healthcare spending also exceeded AED 7 bn, while around AED 9.5 bn was allocated to education. Expenditures were also up 9.5% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The federal government\u2019s total assets amounted to around AED 446.4 bn by the end o<\/strong><strong>f the <\/strong><strong>year<\/strong>, up 14% y-o-y. This included government investments worth AED 240.1 bn distributed among major national institutions such as the Emirates Investment Authority (AED 165.5 bn), the Central Bank of the UAE (AED 37.4 bn), Emirates Development Bank (AED 6.4 bn), Etihad Rail (AED 6.5 bn), as well as investments in bonds (AED 20.9 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government plans to spend more this year:<\/strong> The Federal National Council approved the UAE's largest national budget to date back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b98258ac-1eee-4b07-926c-f6ee18144d97\/fnc-approves-bumper-federal%253cmark%253e-budget%253c%2Fmark%253e-for-2025\" style=\"\" rel=\"noopener\">November<\/a>, totaling AED 71.5 bn for both revenues and expenditures for 2025, while also integrating the Union General budget with the budgets of independent federal entities.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/budget-watch\/\">BUDGET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/federal-national-council\/\">Federal National Council<\/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=\"104562\" 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=\"104562\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/abu-dhabis-scfea-awards-three-adnoc-led-production-concessions\/\">\r\n                            Abu Dhabi\u2019s SCFEA awards three Adnoc-led production concessions                        <\/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\/13\/abu-dhabis-scfea-awards-three-adnoc-led-production-concessions\/\" 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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Adnoc will hold a 60% stake, with the remaining 40% awarded to Japan\u2019s JODCO Exploration, a subsidiary of Inpex Corporation. Inpex has operated the block since 2018, uncovering multiple oil, condensate, and gas reservoirs via wells drilled from 2021, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/646.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second agreement covers offshore block 2<\/strong>, awarded to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2019\/adnoc-awards-eni-and-pttep-consortium-two-offshore-exploration-blocks\" style=\"\" rel=\"noopener\">consortium<\/a> comprising Adnoc with a 60% stake, Eni Abu Dhabi with a 28% stake, and PTTEP MENA with 12%. The block lies west of the Ghasha field and focuses on conventional gas resources. Eni, leading exploration, <a target=\"_blank\" href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2022\/07\/first-offshore-exploration-well-in-abu-dhabi-results-in-another-significant-gas-discovery.html\" style=\"\" rel=\"noopener\">struck<\/a> between 1.5-2 tn cubic feet of raw gas in the first well in 2022, with additional deeper-reservoir findings boosting estimates to up to 3.5 tcf. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For offshore block 5, located near the Zakum field and targeting conventional oil, Adnoc<\/strong><strong> will hold a 60% share<\/strong>, while Pakistan International Oil Limited (PIOL) will own the remaining 40%. Pakistani Oil and Gas Development Company \u2014 part of a Pakistani consortium that formed PIOL \u2014 wrapped up the drilling of two appraisal wells in the block in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/26582194-9872-4af0-bb25-ca0a46e1d82c\/\" style=\"\" rel=\"noopener\">November last year<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is Adnoc locked in at 60%? <\/strong>In Abu Dhabi, rights to explore for and produce oil and gas are typically granted through concessions to Adnoc and selected international partners \u2014 either directly to the concession holders, who are bound by a JV agreement, or to jointly owned project companies. Adnoc retains at least a 60% interest in each concession, while international partners can hold up to 40%, ensuring national control over resources, according to legal solutions firm <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/645.pdf\" style=\"\" rel=\"noopener\">LexisNexis (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Block after block:<\/strong> Last month, Scfea <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/806a2311-dc35-476d-9cd6-8216da1f3d23\/\" style=\"\" rel=\"noopener\">awarded<\/a> an oil exploration concession to US-based hydrocarbon exploration firm EOG Resources for the unconventional Onshore Block 3 \u2014 spanning some 3.6 sq km in Al Dhafra \u2014 with Adnoc overseeing activities as well as retaining the option to join a subsequent production concession. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104564 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=\"104564\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/104564-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104564\" class=\"content-area-description single-story post-104564 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104565\" 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=\"104565\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/icbc-lists-usd-1-72-bn-green-bond-on-nasdaq-dubai\/\">\r\n                            ICBC lists USD 1.72 bn green bond on Nasdaq Dubai                        <\/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\/13\/icbc-lists-usd-1-72-bn-green-bond-on-nasdaq-dubai\/\" 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 listing makes ICBC the largest green bond issuer on Nasdaq Dubai, with its total green bond listings on the stock exchange hitting USD 5.6 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The Chinese state-owned lender sold CNY 3 bn (c. USD 418.1 mn) worth of green bonds maturing in 2028 and carrying a 2% interest rate through its Dubai branch. ICBC\u2019s Hong Kong branch issued USD 1 bn in floating-rate notes, while its Singapore branch issued USD 300 mn at a fixed rate of c. 4.13%, both of which will also mature in 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming out:<\/strong> The value of debt instruments listed on Nasdaq Dubai climbed to USD 136 bn following the new listings, including USD 40 bn in bonds and USD 17 bn in green bonds, according to the release. Total ESG-linked issuances on the exchange have now topped USD 29 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More where that came from: <\/strong>The UAE and Saudi Arabia are expected to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fb22ebb7-827e-4a0e-ad74-3be8162f6ab8\/uae,-saudi-arabia-to-lead-the-region%252525e2%25252580%25252599s-sustainable-bond-issuances-in-2025\" style=\"\" rel=\"noopener\">lead sustainable bond issuances<\/a> in the region this year, with total volumes forecast at USD 18-23 bn. Notable transactions so far this year include Aldar Properties securing the region\u2019s largest sustainable loan for a real estate developer, with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf812b33-406d-4fb4-92aa-11d04f183746\/aldar-secures-largest%253cmark%253e-sustainability%253c%2Fmark%253e-loan-for-a-mena-developer,-less-than-one-week-after-hybrid-issuance\" style=\"\" rel=\"noopener\">AED 9 bn<\/a> sustainability-linked revolving credit facility, and DP World listing the MENA\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf031f3b-8360-46e6-9e63-f1d7cfeb1580\/dp-world-lists-mena%25e2%2580%2599s-first-corporate-blue%253cmark%253e-bond%253c%2Fmark%253e-on-nasdaq-dubai\" style=\"\" rel=\"noopener\">first corporate blue bond<\/a> on Nasdaq Dubai with a value of USD 100 mn. Ittihad International Investment also secured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6a468aa0-3cef-4447-a89c-16494f044497\/ittihad-closes-usd-450-mn%253cmark%253e-sustainability%253c%2Fmark%253e-linked-revolving-credit-facility\" style=\"\" rel=\"noopener\">USD 450 mn<\/a> sustainability-linked revolving credit facility (RCF), whilst Dubai Islamic Bank (DIB) launched a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc0c4fd2-6eb2-405f-9062-5198fb4e8593\/mashreq-launches-mashreq-biz,-an-sme-focused-online-banking-platform\" style=\"\" rel=\"noopener\">sustainability-linked finance facilities framework<\/a>, the first of its kind for any Islamic bank globally.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nasdaq-dubai\/\">Nasdaq Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-china-relations\/\">UAE-China relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104567\" 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=\"104567\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/investment-platform-stake-launches-real-estate-development-fund-in-saudi\/\">\r\n                            Investment platform Stake launches real estate development fund in 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\/13\/investment-platform-stake-launches-real-estate-development-fund-in-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 fund is being rolled out through its app, opening up Riyadh-based investments for both local and international investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s involved?<\/strong> The fund is being launched in partnership with Tharawat Financial, who will act as fund manager, Rasf Investment (developer), and Mawan Real Estate (project manager).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The fund will offer investments in a mixed-use development spanning 60k sqm in Riyadh\u2019s upscale Al Malqa district. The site will include a hotel, serviced apartments, commercial office space, and retail outlets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Stake previously said it plans to invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9e30df94-df1b-4d0c-a0eb-5d675a82c68f\/dubai-based-stake-to-invest-sar-1-bn-in-the-kingdom-during-1h-2025\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9e30df94-df1b-4d0c-a0eb-5d675a82c68f\/dubai-based-stake-to-invest-sar-1-bn-in-the-kingdom-during-1h-2025\" style=\"\" rel=\"noopener\">SAR 1 bn<\/a> in Saudi real estate in 1H 2025. Reports indicated the platform was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f28f0907-2c3e-43d6-b26e-33959619cbbd\/al-yamamah-steel-lands-sar-95-mn-steel-supply-contract\" style=\"\" rel=\"noopener\">in talks<\/a> with Al Rajhi Seventh to acquire a commercial property in North Riyadh as the fund\u2019s initial asset. Stake has also partnered with Mulkia Investment to manage future funds in the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since launching in 2021, Stake has facilitated over AED 1 bn in property transactions <\/strong>and more than 250k investments across over 420 properties in Dubai, <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/resources\/stake-surpasses-aed1bn-in-real-estate-transactions-across-dubai-riyadh\" style=\"\" rel=\"noopener\">Arabian Business<\/a> reports. The platform enables fractional real estate ownership starting from AED 500 and is the first Capital Market Authority-regulated tool that allows international investors to access the Saudi real estate market. It is backed by major institutional investors including Mubadala Investment Company, Aramco\u2019s Wa\u2019ed Ventures, Al Jomaih Holding Group, and Middle East Venture Partners (MEVP).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead<\/strong>, Stake plans to introduce more investment products across Dubai and Riyadh in the coming six months, with an eye on scaling investor participation, according to Co-CEO Rami Tabbara.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/stake\/\">Stake<\/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=\"104569\" 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=\"104569\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/shaiva-taranis-invest-big-in-indias-telangana\/\">\r\n                            UAE\u2019s Shaiva Group and Taranis Capital invest AED 902 mn in five Telangana-based companies                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/shaiva-taranis-invest-big-in-indias-telangana\/\" 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\/13\/shaiva-taranis-invest-big-in-indias-telangana\/')\">\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\/13\/shaiva-taranis-invest-big-in-indias-telangana\/\">\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=Shaiva, Taranis invest big in India\u2019s Telangana&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/shaiva-taranis-invest-big-in-indias-telangana\/\">\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\/13\/shaiva-taranis-invest-big-in-indias-telangana\/&title=Shaiva, Taranis invest big in India\u2019s Telangana\">\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=Shaiva%2C+Taranis+invest+big+in+India%E2%80%99s+Telangana+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F13%2Fshaiva-taranis-invest-big-in-indias-telangana%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\/13\/shaiva-taranis-invest-big-in-indias-telangana\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104570\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/shaiva-taranis-invest-big-in-indias-telangana\/998-jpg-40\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"998.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104569\" class=\"content-area-description single-story post-104569 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-biotech tag-enterpriseam-uae tag-fintech tag-investment-watch tag-manufacturing 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\/.215a7f73-3436-4012-b9ec-b9675e0cc900.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE\u2019s Shaiva and Taranis invest over AED <\/strong><strong>900 mn in India:<\/strong> UAE-based tech and real estate holding company <a target=\"_blank\" href=\"http:\/\/shaivagroup.com\/\" style=\"\" rel=\"noopener\">Shaiva Group<\/a> and fintech-focused investment firm <a target=\"_blank\" href=\"https:\/\/taraniscapital.com\/\" style=\"\" rel=\"noopener\">Taranis Capital<\/a> have committed INR 21.3 bn (c. AED 909 mn) to five companies based in India\u2019s Telangana state, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/healthcare\/biotech\/uae-based-shaiva-group-taranis-capital-to-invest-rs-2125-cr-in-telangana\/articleshow\/121756320.cms?from=mdr\" style=\"\" rel=\"noopener\">The Economic Times<\/a> reports, citing a state government release. The investments are expected to create over 5k jobs within the state, though it\u2019s not clear how much each firm will be investing in the Indian companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment targets:<\/strong> <\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/www.revelationsbio.com\/\" style=\"\" rel=\"noopener\">Revelations Biotech<\/a> will receive INR 13.6 bn (c. AED 582.3 mn);<\/li>\n<li>Pathogen-detecting firm <a target=\"_blank\" href=\"http:\/\/manakin.bio\/\" style=\"\" rel=\"noopener\">Manakin Bio<\/a> is set to receive INR 3.4 bn (c. AED 145.6 mn);<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/savart.com\/\" style=\"\" rel=\"noopener\">Svobodha Infinity Investment Advisors<\/a> will receive INR 800 mn (c. AED 34.3 mn);<\/li>\n<li>Manufacturing firm <a target=\"_blank\" href=\"https:\/\/www.exigentdt.com\/\" style=\"\" rel=\"noopener\">Exigent Drilling Technology<\/a> will receive INR 900 mn (c. AED 38.5 mn);<\/li>\n<li>Digital consulting company Yentra Tech Controls will receive approximately INR 2.6 bn (c. AED 109.2 mn).<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More ahead: <\/strong>Telangana IT Minister Duddilla Sridhar Babu said the firms have also expressed interest in investing an additional INR 240 bn (c. AED 10.3 bn) over the next three years in biotech, AI, data centers, defense, energy, fintech, and public infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Taranis: <\/strong>Taranis Capital focuses on ethical fintech investments, backing companies with strong governance standards, fair labor practices, and high social responsibility, according to its website. Alongside capital, the firm provides hands-on advisory in areas like marketing, global expansion, and product development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Shaiva: <\/strong>Led by Amit Varma (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/amit-j-varma\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Sumit Arigapudi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sumitarigapudi\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Shaiva Group is a holding company that specializes in technology and real estate, and offers platform integration, design services, and real estate advisory.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/biotech\/\">biotech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/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\/manufacturing\/\">MANUFACTURING<\/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=\"104571\" 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=\"104571\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/\">\r\n                            Hamad Al Mazrouei tapped as undersecretary for Abu Dhabi\u2019s Department of Economic Development                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/\" 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\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/')\">\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\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/\">\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=Hamad Al Mazrouei tapped as undersecretary for Abu Dhabi\u2019s Department of Economic Development&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/\">\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\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/&title=Hamad Al Mazrouei tapped as undersecretary for Abu Dhabi\u2019s Department of Economic Development\">\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=Hamad+Al+Mazrouei+tapped+as+undersecretary+for+Abu+Dhabi%E2%80%99s+Department+of+Economic+Development+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F13%2Fhamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development%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\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/684.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104572\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/hamad-al-mazrouei-tapped-as-undersecretary-for-abu-dhabis-department-of-economic-development\/684-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/684.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"684.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/684.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/684.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104571\" class=\"content-area-description single-story post-104571 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-abu-dhabi tag-aviation tag-department-of-economic-development tag-enterpriseam-uae tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.fe6e0be5-dd94-4e5d-baec-8954bc7d6617.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan issued a resolution appointing <strong>Hamad Sayah Al Mazrouei<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hamad-sayah-al-mazrouei-03a76738\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>undersecretary<\/strong> of <strong>Abu Dhabi\u2019s Department of Economic Development<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk5evr2-khaled-bin-mohamed-bin-zayed-issues-resolution\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Al Mazrouei is currently CEO of the Registration Authority at the ADGM, where he previously also headed up the Human Resources department.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/department-of-economic-development\/\">Department of Economic Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104573\" 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=\"104573\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/luxury-brands-are-turning-their-focus-to-abu-dhabi\/\">\r\n                            Luxury brands are turning their focus to Abu Dhabi                        <\/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\/13\/luxury-brands-are-turning-their-focus-to-abu-dhabi\/\" 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\/13\/luxury-brands-are-turning-their-focus-to-abu-dhabi\/')\">\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\/13\/luxury-brands-are-turning-their-focus-to-abu-dhabi\/\">\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=Luxury brands are turning their focus to Abu Dhabi&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/luxury-brands-are-turning-their-focus-to-abu-dhabi\/\">\n                    X                    <!-- <img decoding=\"async\" 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data-image-title=\"574.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104573\" class=\"content-area-description single-story post-104573 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-abu-dhabi tag-enterpriseam-uae tag-retail tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.1b21e8a2-cfc6-41a0-813e-a90ec666da52.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.voguebusiness.com\/story\/consumers\/why-abu-dhabi-is-the-middle-easts-next-luxury-power-player\" style=\"\" rel=\"noopener\">Vogue Business<\/a><\/strong> <strong> is spotlighting Abu Dhabi\u2019s growing appeal as a luxury retail and<\/strong> <strong>cultural destination<\/strong>, as global brands including Louis Vuitton, Piaget, Valentino, and Prada increase their presence in the capital through temporary exhibitions and brand activations \u2014 many backed by the Abu Dhabi Investment Office (ADIO). \u201cAbu Dhabi is entering a defining era for luxury,\u201d said head of Abu Dhabi Retail Noora Al Foulathi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why not Dubai? <\/strong>\u201cIt\u2019s less rushed, more curated, and that appeals to a luxury audience that values authenticity and cultural grounding,\u201d said Mariam Al Badr, VP of brand, marketing, and communications at Abu Dhabi Airports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Retail and infrastructure are expanding in parallel:<\/strong> Zayed International Airport\u2019s new terminal now houses brands such as Herm\u00e8s and Bottega Veneta, and Al Maryah Island\u2019s lifestyle and retail hub, The Galleria, has added 82 new stores over the past 18 months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come:<\/strong> Abu Dhabi\u2019s profile in regional retail is set to rise further, with Shoptalk launching its first luxury-focused event, Shoptalk Luxe, in the city in 2026, while brands like Piaget are also eyeing deeper engagement in the capital to tap into client demand.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104575\" 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=\"104575\">\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\/13\/edge-italys-leonardo-to-build-tech-center-in-abu-dhabi\/\">\r\n                            Edge, Italy\u2019s Leonardo to build tech center in Abu Dhabi                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/686.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104576\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/edge-italys-leonardo-to-build-tech-center-in-abu-dhabi\/686-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/686.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"686.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/686.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/686.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104575\" class=\"content-area-description single-story post-104575 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-artificial-intelligence tag-cntxt-ai tag-defense tag-dubai tag-easylease tag-edge-group tag-enterpriseam-uae tag-fintech tag-healthcare tag-investments tag-ma tag-real-estate tag-tech tag-technology-innovation-institute 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\/.6cc9bfaf-3280-486c-9361-2710817a2271.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">DEFENSE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge<\/strong><strong> and Leo<\/strong><strong>nardo to launch a JV:<\/strong> <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/\" style=\"\" rel=\"noopener\">Edge Group<\/a> and Italian multinational company <a target=\"_blank\" href=\"https:\/\/www.leonardo.com\/en\/home\" style=\"\" rel=\"noopener\">Leonardo<\/a>, which specializes in aerospace, defence and security, inked an MoU to establish a joint venture to build a tech center in Abu Dhabi, Edge announced in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/665.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The advanced tech center will serve as a global hub for advanced defense technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The tie-up will focus on systems for naval, air, missile, and counter-drone platforms, and integrate technologies such as naval C2 and BMD systems, C-UAS, maritime airborne capabilities, optronics, and high-performance computing for missile applications.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Edge and Leonardo signed a collaboration agreement at IDEX 2025 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/39c7449c-f20c-4450-9962-a925e14abb1f\/idex-and-navdex-2025-day-2:-bns-worth-of-agreements-signed\" style=\"\" rel=\"noopener\">in February<\/a>, targeting joint development across air, naval, cyber, and counter-drone systems.<\/p>\n<p class=\"tag-border-left\">TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- TII\u2019s Falcon-HI available with Nvidia NIM:<\/strong> Abu Dhabi\u2019s Technology Innovation Institute (TII) is rolling out its Falcon-H1 model as a production-ready Nvidia NIM, unlocking fast deployment for enterprises building agentic systems and multilingual assistants, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/tii-announces-falcon-h1-model-availability-as-nvidia-nim-to-deliver-sovereign-ai-at-scale-rk19mvu7\" style=\"\" rel=\"noopener\">press release<\/a>. TII launched Falcon-H1 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/98ec2236-dd5d-45b7-b575-ef94fbf20630\/uae-ai-ambitions-back-in-the-headlines\" style=\"\" rel=\"noopener\">in May<\/a> along with Falcon Arabic, a large language model trained on native datasets spanning Modern Standard Arabic and regional dialects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>What is Nvidia NIM? Short for Nvidia inference microservice, Nvidia NIM is a containerized deployment format that lets developers plug large AI models directly into production on Nvidia-related infrastructure. It handles heavy lifting tasks like auto-scaling, hardware optimization, and latency management, and can expedite weeks of development work into minutes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Dubai\u2019s <\/strong><strong>Yango taps Serbia\u2019s data center for servers: <\/strong>Dubai-based tech company <a target=\"_blank\" href=\"https:\/\/yango.com\/en_int\/?srsltid=AfmBOorZkbfoH-H764evXWMxd0JfoeCf620YNULvXSh1OzGxrjHHUGXE\" style=\"\" rel=\"noopener\">Yango<\/a><a target=\"_blank\" href=\"https:\/\/yango.com\/en_int\/?srsltid=AfmBOorZkbfoH-H764evXWMxd0JfoeCf620YNULvXSh1OzGxrjHHUGXE\" style=\"\" rel=\"noopener\">Group<\/a> has signed an MoU to host its own server infrastructure at Serbia\u2019s <a target=\"_blank\" href=\"https:\/\/ite.gov.rs\/tekst\/en\/1134\/government-data-centre.php#:~:text=The%20Government%20Data%20Centre%20in%20Kragujevac%20meets%20the%20highest%20standards,availability%20(TIER%204)%20and%20a\" style=\"\" rel=\"noopener\">State Data Center<\/a> in Kragujevac, with the site expected to go live later this year, <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/technology\/uae-based-yango-group-to-open-flagship-data-centre-hub-in-serbia-to-boost-its-global-infrastructure\" style=\"\" rel=\"noopener\">Arabian Business<\/a> reports. The center will be Yango\u2019s main infrastructure site, and its service will go online through a single-tenant framework \u2014 meaning that Yango\u2019s servers will be isolated from others in the facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Serbia? <\/strong>The group cited Serbia\u2019s geographic location, energy and cost efficiency, and data center-friendly regulatory environment as main factors in selecting Kragujevac. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>EasyLease forms AI m<\/strong><strong>obility partnership with <\/strong><strong><a target=\"_blank\" href=\"http:\/\/bigbear.ai\/\" style=\"\" rel=\"noopener\">BigBear.ai<\/a><\/strong><strong> and Vigilix:<\/strong> International Holding Company\u2019s mobility solutions subsidiary EasyLease partnered up with NYSE-listed AI solutions company <strong><a target=\"_blank\" href=\"http:\/\/bigbear.ai\/\" style=\"\" rel=\"noopener\">BigBear.ai<\/a><\/strong> and UAE-based firm Vigilix to develop AI-powered solutions for mobility, asset management, logistics, and smart infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/545.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong><strong><a target=\"_blank\" href=\"http:\/\/bigbear.ai\/\" style=\"\" rel=\"noopener\">BigBear.ai<\/a><\/strong> will customize and localize its AI solutions for the sectors, whilst Vigilix will head up the regional expertise and strategy, and ADX-listed EasyLease will provide operational leadership.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong><strong> to see emirates\u2019 first proton therapy center by 2028: <\/strong>The Dubai Health Authority approved Yas Healthcare\u2019s plan to establish the country\u2019s first dedicated proton therapy center in the emirate, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/june\/12-06\/dha-grants-initial-approval-to-yas-healthcare\" style=\"\" rel=\"noopener\">statement<\/a>. Yas Healthcare, a subsidiary of Das Holding, will lead the project, and the National Cancer Centre Singapore will be a technical and clinical consultant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details: <\/strong>Construction on the facility is set to begin in 2026 and wrap up by late 2028. It will offer advanced, low-toxicity cancer treatment that spares healthy cells, and is particularly good for treating children and complex tumor cases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Hoko <\/strong><strong>acquires Everdome to boost AI-content venture: <\/strong>UAE-based creative agency Hoko has acquired Emirati metaverse company Everdome to support the rollout of HumAIn Assets, its new platform combining AI, human creativity, and Web3 tools for content production, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/648.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Under the agreement, Everdome\u2019s token and leadership team will integrate into the venture, which is currently in its testing phase. The transaction value wasn\u2019t disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Harish <\/strong><strong>Fabiani secures Dubai business center for AED 115 mn: <\/strong>Spanish-Indian entrepreneur Harish Fabiani acquired Richman House Business Center and 20k sq ft of commercial space in Dubai\u2019s Business Bay for AED 115 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/harish-fabiani-acquires-richman-house-business-centre-and-aed-115mln-office-space-in-the-opus-business-bay-y14s9rg2\" 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 next steps: <\/strong>The acquisition marks Fabiani\u2019s entry into business center operations, and the entrepreneur is set to launch his flexible workspace platform under the Richman House brand. The building contains 60 office spaces and adds to Fabiani\u2019s Emirati portfolio, which includes the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/167d04c0-aec5-4659-bc95-ec809ebdade3\/masdar-finalizes-its-stake-acquisition-in-epge-solar\" style=\"\" rel=\"noopener\">Thuraya Telecom Tower in Dubai<\/a> \u2014 currently undergoing expansion upgrades following its December acquisition. Fabiani previously said he was aiming to double his portfolio to AED 1 bn over the next year and was looking to a commercial REIT listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Lottery.com<\/strong><strong> to acquire UAE-based Nook for USD 2.5 mn: <\/strong>US-based <a target=\"_blank\" href=\"http:\/\/lottery.com\" style=\"\" rel=\"noopener\">Lottery.com<\/a> has signed an amended stock purchase agreement to acquire 90% of Dubai-based Nook Holdings for USD 2.5 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/06\/lotterycom-acquires-majority-stake-nook-holdings-rebrand-sportscom-hub\" style=\"\" rel=\"noopener\">press release<\/a>. The transaction is expected to close by 30 June. The move will see Nook, which offers business support services for sports-focused firms, rebranded under the sports.com platform and serve as the group\u2019s launchpad for the Middle East.<\/p>\n<p class=\"tag-border-left\">AI- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s <\/strong><strong>Cntxt + Actualize to launch Arabic-speaking voice agent:<\/strong> UAE-based AI infrastructure and data governance firm Cntxt AI and voice automation platform Actualize have partnered to roll out an Arabic-language voice agent that understands and interacts in regional dialects in real time, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/cntxt-ai-actualize-rqngpb1u\" style=\"\" rel=\"noopener\">press release<\/a>. The product is already live for public testing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works: <\/strong>The voice agent combines Cntxt\u2019s <a target=\"_blank\" href=\"https:\/\/munsit.cntxt.tech\/\" style=\"\" rel=\"noopener\">Munsit<\/a> Arabic speech-to-text engine with Actualize\u2019s automation backend, and will put to use in situations like auto-confirming bookings, call routing, order and payment follow-ups, government portals, and real-time transcription. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Cntxt AI also signed an MoU with autonomous AI agent platform Beam AI in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bbdd97f9-949e-4d4e-b98e-bd1f80265455\/mashreq-is-now-the-first-uae-bank-to-offer-instant-payments-for-smes\" style=\"\" rel=\"noopener\">late May<\/a> to provide AI agent solutions for GCC governments and corporations.<\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s Haitong initiates coverage on Adnoc listed firms:<\/strong> China-based financial institution Haitong International has initiated coverage of all six Adnoc-affiliated companies on the Abu Dhabi Securities Exchange, and rated each one \u201coutperform,\u201d state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk5evo5-haitong-international-initiates-coverage-all-six\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The UAE\u2019s energy system growth, AI adoption, robust domestic consumption, and decarbonization momentum, and strong company assets, were cited as reasons behind the rating.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The six firms covered: <\/strong>Haitong expects Adnoc Distribution, Adnoc Drilling, Adnoc Gas, Adnoc Logistics and Services, Borouge, and Fertiglobe to outperform industry peers over the next 12-18 months, and assigned an average price upside of 26% from current levels.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UEM <\/strong><strong>Edgenta forms Dubai property management JV:<\/strong> Malaysia\u2019s UEM Edgenta Berhad\u2019s subsidiary has established a joint venture with Dubai's 21 Estates Group to provide property management services in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.marketscreener.com\/quote\/stock\/UEM-EDGENTA-6491244\/news\/UEM-Edgenta-Forms-Joint-Venture-with-21-Estates-to-Expand-Property-Management-Presence-in-Dubai-50223549\/\" style=\"\" rel=\"noopener\">press release<\/a>. The new company, named DuaSatu, will focus on master developments in Dubai, including Expo City Dubai properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>UEM\u2019s Dubai-based property management subsidiary, Kaizen, signed the agreement with 21 Estates, an Expo City Dubai subsidiary. Services will include owners' association management, leasing, and real estate advisory for Dubai projects with potential global expansion.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cntxt-ai\/\">Cntxt AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/easylease\/\">EasyLease<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investments\/\">investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/technology-innovation-institute\/\">Technology Innovation Institute<\/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=\"104577\" 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=\"104577\">\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\/13\/pe-and-vc-activity-in-mena-took-a-hit-last-year-but-momentum-looks-strong-for-2025-pitchbook\/\">\r\n                            PE and VC activity in MENA took a hit last year, but momentum looks strong for 2025 -Pitchbook                        <\/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\/13\/pe-and-vc-activity-in-mena-took-a-hit-last-year-but-momentum-looks-strong-for-2025-pitchbook\/\" 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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Exits remained on the low side, with combined PE and VC-backed exit value in MENA dropping 42% y-o-y, while volume was down 16%. IPO appetite also waned, though select names braved public markets, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/256b38fb-8dec-4f61-9e6b-8760d56b0f4f\/%253cmark%253earabian-mills%253c%2Fmark%253e-dips-on-tadawul-debut\" style=\"\" rel=\"noopener\">Arabian Mills in Saudi<\/a> and the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/910a3721-dd94-4e53-ab0a-159ddc23236b\/this-morning:%253cmark%253e-nmdc-energy%253c%2Fmark%253e-to-debut-on-the-adx-%2B-joby-aviation-applies-for-operational-license-in-uae\" style=\"\" rel=\"noopener\">NMDC Energy<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c446c1d-1831-4124-a0f9-dc6291fcfa36\/%253cmark%253etalabat%253c%2Fmark%253e-shares-fall-after-strong-ipo\" style=\"\" rel=\"noopener\">Talabat<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total private market fundraising also fell last year to USD 13.4 bn across 56 funds<\/strong>, with PE commanding the lion\u2019s share.<\/p>\n<p class=\"tag-border-left\">PRIVATE EQUITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total PE transaction value hit USD 13.7 bn across 147 plays in 2024<\/strong>, crossing the USD 10 bn mark for the fifth year in a row despite shedding 19.2% y-o-y in value. Of this, USD 3.7 bn across 43 buyouts were recorded in 4Q alone, with transaction value climbing nearly 30% q-o-q. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fewer fund closures, bigger checks: <\/strong>Private equity funds in the region pulled in USD 9.5 bn last year, a three-fold increase compared to the previous year, despite a sharp drop in the number of fund closures. Mubadala Capital\u2019s <a target=\"_blank\" href=\"https:\/\/www.mubadalacapital.ae\/en\/news\/mubadala-capital-closes-private-equity-fund-iv-total-commitments-31-billion-surpassing-initial\" style=\"\" rel=\"noopener\">USD 3.1 bn<\/a> MIC Capital Partners IV fund and the USD 5.2 bn Future Fund Oman headlined the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PE exits plunged 46.1% to their weakest level since 2019 at USD 7.4 bn, but things picked up in 4Q<\/strong>, with exits during the quarter accounting for nearly 72% of full-year exit value, which could signal some momentum in the exit pipeline this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tech continued to draw outsized attention: <\/strong>IT-related PE investments rose 14.7% y-o-y to USD 1.4 bn, buoyed by standout transactions like Arcapita and DGPays\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/637f9d04-42c2-47e5-9c77-7e68f0d63faf\/mashreq-completes-sale-of-65%2525-stake-in%253cmark%253e-neopay%253c%2Fmark%253e-for-usd-385-mn\" style=\"\" rel=\"noopener\">USD 385 mn<\/a> acquisition of Mashreq\u2019s NeoPay. Oman also emerged as a bright spot, notching two of the region\u2019s largest transactions, including Apollo\u2019s <a target=\"_blank\" href=\"https:\/\/www.apollo.com\/insights-news\/pressreleases\/2024\/08\/apollo-and-vale-enter-into-joint-venture-partnership-related-to-the-vale-oman-distribution-center-2925570\" style=\"\" rel=\"noopener\">USD 600 mn<\/a> acquisition of 50% of Vale Oman Distribution Center. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cross-border interest propped up the numbers: <\/strong>MENA-based investors were involved in USD 56.7 bn worth of European PE transactions last year, marking an all-time high, led by Adnoc\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/391980ae-10bd-456a-960e-8d7f2721b73c\/irh-acquires-majority-interest-in-congo-tin-mine-firm-for-usd-367-mn\" style=\"\" rel=\"noopener\">USD 16.3 bn proposed takeover<\/a> of Germany\u2019s Covestro. The numbers point to MENA players\u2019 growing interest in broadening their geographical footprint, even as foreign limited partners (LPs) ramped up activity here. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s pulling the strings? <\/strong>Sovereign wealth funds, namely UAE\u2019s Mubadala Investment Company, the Abu Dhabi Investment Authority, and Saudi Arabia\u2019s Public Investment Fund (PIF) were among the most active regional players in non-MENA PE transactions over the last seven years. Bahrain\u2019s Investcorp and Tunisia\u2019s Africinvest rounded out the top five. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sector-focused strategies also gained traction<\/strong>, with our friends at EFG Hermes closing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7294831-9f92-4268-a757-8a1c9eccb0ec\" style=\"\" rel=\"noopener\">USD 300 mn<\/a> Saudi Education Fund targeting private schools, and real estate funds bouncing back with USD 1.2 bn raised led by Cenomi Centers and GIB Capital\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6b124f7c-fb84-4970-8e02-98d9e8ac0840\/cenomi-centers-%2B-gib-capital-line-up-sar-1-bn-shariah-compliant%253cmark%253e-real-estate-fund%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">SAR 1 bn<\/a> Real Estate Fund. The trend signals a shift toward fewer, larger vehicles with clearer mandates, as the region positions itself to absorb and deploy capital at scale. <\/p>\n<p class=\"tag-border-left\">VENTURE CAPITAL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On an annual basis, VC activity declined 33% y-o-y to USD 2.8 bn across 678<\/strong><strong> transactions<\/strong>, amid a tougher funding environment and more cautious investor sentiment. The UAE led regional activity, accounting for over 30% of transactions, while Saudi Arabia posted a 41.6% increase in transaction count to 143 in 2024. Meanwhile, regional VC fundraising rose 49.7% y-o-y to USD 1.8 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Similar to the PE side of things, 4Q marked a positive end to a lackluster year:<\/strong> Mena-based VCs closed USD 1.2 bn in transaction value during 4Q 2024 \u2014 the highest quarterly total since 4Q 2023 \u2014 according to PitchBook\u2019s 2025 Mena Private Capital Market Review. A major contributor was the USD 500 mn round raised by Turkish martech platform Insider, led by US-based General Atlantic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who are the most active players?<\/strong> Since 2018, the most active global VC investors in Mena include 500 Global (232 deals), Flat6Labs (111), and Wamda Capital (73). Mena-based investors have also been active abroad: VentureSouq (272), Kube VC (259), and Morningstar Ventures (201) have been among the most prominent in international VC transactions. In 2024, MENA investors participated in a record USD 41.2 bn in North American VC transaction value. <\/p>\n<p class=\"tag-border-left\"> LOOKING AHEAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 2025 outlook for PE in MENA is broadly bullish<\/strong>, underpinned by deepening regional capital markets, expanding multi-asset strategies, and an ongoing push by governments to position the region as a global investment magnet. Still, geopolitics could throw a wrench in momentum potentially weighing on global risk appetite. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private market fundraising more generally in the region is projected to surge over USD 20 bn in 2025<\/strong>, supported by the growth of fund managers seeking several asset classes, expanding regional tech hubs, and the greater use of private capital markets. The region\u2019s favorable tax and business policies are projected to attract capital, with fundraising set to be driven by local and international LPs and sizable government capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets and Wall Street futures both reacted negatively<\/strong> to news of renewed regional tensions, with most Asian markets in the red and futures down despite Oracle\u2019s strong full-year earnings propping up the S&P 500 earlier in the day. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,694<\/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\">-1.1% (YTD: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,467<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.3% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,478<\/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\">-2.3% (YTD: +7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 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\">4.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,841<\/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\">-1.5% (YTD: -10.1%)<\/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>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\">32,512<\/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% (YTD: +9.3%)<\/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>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,045<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,885<\/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: +8.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,361<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +9.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 69.36<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.54<\/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\">+1.4%<\/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 3,416  <\/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-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 106,148<\/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\">-2.5% (YTD: +12.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">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&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">144.25<\/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: +3.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">USD 18.02<\/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\">+4.4% (YTD: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 1.1% yesterday<\/strong> on turnover of AED 1.9 bn. The index is up 2.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Abu Dhabi Ship Building Co. (+3.7%), E7 Group PJSC Warrants (+3.7%) and Abu Dhabi National Co. for Building Materials (+2.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Aram Group (-5.7%), Waha Capital Company (-5.1%) and Eshraq Investments (-5.1%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 2.3% on turnover of AED 1.0 bn. Meanwhile, Nasdaq Dubai was down 2.3%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>REIT\u2019s shareholders approved a final dividend of USD 7 mn for 2024<\/strong>, at a rate of USD 0.02193 per ordinary share, according to a <a target=\"_blank\" href=\"https:\/\/www.nasdaqdubai.com\/trading\/disclosures\/7faccb2e-596e-4322-bb63-87c6f7ea61c6\" style=\"\" rel=\"noopener\">disclosure<\/a> to Nasdaq Dubai. Dividends will be paid on or before 30 June to the shareholders on the register as of 4 June 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong> <strong>Investments will extend its partnership with xCube as its liquidity provider on<\/strong><strong> the DFM<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/668.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. Dubai Investments tapped xCube initially <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4761fc07-2f41-401b-bd67-dafc9921acbb\/expectations-of-only-one-rate-cut-this-year-rise-as-the-fed-wraps-two-day-meeting-today\" style=\"\" rel=\"noopener\">last June<\/a> and said the firm noted an uptick in trading volumes over the past year.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/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\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/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=\"104579\" 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=\"104579\">\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\/13\/uae-pakistan-talk-economic-diplomatic-ties\/\">\r\n                            UAE, Pakistan talk economic, diplomatic ties                        <\/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\/13\/uae-pakistan-talk-economic-diplomatic-ties\/\" 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/uae-pakistan-talk-economic-diplomatic-ties\/678-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/678.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"678.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/678.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/678.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104579\" class=\"content-area-description single-story post-104579 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-pakistan tag-uae-pakistan-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\/.91525db5-be39-431f-b739-c65a860c509f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>, Pakistan talk strengthening bilateral ties: <\/strong>UAE President Mohamed bin Zayed Al Nahyan met with Pakistani Prime Minister Shehbaz Sharif in Abu Dhabi, and discussed strengthening ties across economic, investment, and development sectors, as well as on regional and global peace efforts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharif praised the UAE\u2019s role in promoting global stability and diplomatic engagement<\/strong>, and thanked the country for its ongoing support to Pakistan, including development assistance.  <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pakistan\/\">Pakistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-pakistan-relations\/\">UAE-Pakistan 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=\"104581\" 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=\"104581\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/my-morning-routine-bilal-abou-diab-co-founder-and-ceo-at-vault-wealth\/\">\r\n                            My Morning Routine: Bilal Abou-Diab, co-founder and CEO at Vault Wealth                        <\/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\/13\/my-morning-routine-bilal-abou-diab-co-founder-and-ceo-at-vault-wealth\/\" 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\/13\/my-morning-routine-bilal-abou-diab-co-founder-and-ceo-at-vault-wealth\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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     <\/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\/13\/my-morning-routine-bilal-abou-diab-co-founder-and-ceo-at-vault-wealth\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/676.JPG?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104582\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/13\/my-morning-routine-bilal-abou-diab-co-founder-and-ceo-at-vault-wealth\/676-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/676.JPG?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"676.JPG\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/676.JPG?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/676.JPG?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104581\" class=\"content-area-description single-story post-104581 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam-uae tag-entrepreneurship tag-my-morning-routine tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.f591acc5-b29c-4c4f-8ac5-a7697be4dc77.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Bilal Abou-Diab, co-founder and CEO at Vault Wealth: <\/strong>Each week, My Morning Routine looks at how a successful member of the business community starts their day \u2014 and then throws in a couple of business questions for fun. Speaking to us this week is Bilal Abou-Diab (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/bilal-abou-diab-cfa?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), co-founder and CEO at Vault Wealth. Edited excerpts from our conversation below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m Bilal Abou-Diab, co-founder and CEO at Vault.<\/strong> I\u2019ve been in the UAE since 2010, and I\u2019ve built my entire career in financial services, mostly at HSBC where I managed a team and advised high-net-worth clients, and oversaw roughly half a bn USD in assets. I\u2019m a CFA charterholder, and somewhere along the way, I became a husband, a father, and a man who\u2019s very serious about his Google Calendar color codes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We started Vault three years ago with my co-founder Sami Abdul-Hadi (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sami-abdul-hadi\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>).<\/strong> I didn\u2019t grow up dreaming of becoming a startup founder. Honestly, entrepreneurship wasn\u2019t on my radar. I spent over eight years in HSBC, and I thought I\u2019d stay there. Both of us were working in wealth management, and over time we became deeply aware of a structural problem in the way financial advice was being delivered in the region. Vault was born to solve this problem: to help people allocate their savings in a way that actually aligns with their goals, not someone else\u2019s sales quota.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We asked ourselves: If we could solve this problem from scratch, how would we do it?<\/strong> What started as a thought experiment snowballed into a business. We built a plan, got backing, got licensed, and slowly brought it to life. We built Vault to be the kind of company we wish had existed when we were clients ourselves.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vault is a wealth platform that combines the best of human advisors with the best of digital experience.<\/strong> What makes us different is that our structure and incentives are actually aligned with the client. That\u2019s what sets us apart. We aren\u2019t pushing products. We\u2019re offering plans.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s an important part of our mission: empathy.<\/strong> When you\u2019ve worked hard to build wealth, managing it becomes more complicated, not less. We believe people with wealth deserve thoughtful, unbiased guidance \u2014 just like anyone else \u2014 and that belief drives everything we do.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fintech is evolving quickly, and the thing I find most exciting is the rise of specialist platforms.<\/strong> In the past, you relied on one massive bank to do everything for you: savings, loans, trading, ins., investments. But now, tech has made it easier for people to pick best-in-class tools for each need. You\u2019ll go to one platform for your mortgage, another for your card, another for your investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At Vault, I\u2019m involved across almost every function.<\/strong> Advisory is core \u2014 I work closely with our client advisory team and meet directly with clients as well. I also collaborate with marketing, product, investor relations, compliance, and operations. Every month has its own focus, and I try to stay close to the things that matter most. But we have incredible people leading each area, so my job is often to connect the dots and remove roadblocks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hardest part of founder life is context-switching.<\/strong> One hour I\u2019m deep in a strategy discussion, the next I\u2019m reviewing legal documents, and then I\u2019m suddenly fielding a call about a product glitch. It\u2019s a mental workout. You need systems to stay focused.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My mornings start early, thanks to my two daughters.<\/strong> I usually spend some time with them, do the school drop-off, then head into the office. Once I\u2019m at work, I focus on planning the day: Which tasks will add the most value? What meetings are essential? What can be moved? I live by my calendar. It\u2019s not just for calls, I block out time for emails, projects, and even 15-minute admin tasks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I color-code everything in Google Calendar<\/strong>, including a color for things I probably shouldn\u2019t have spent time on (that\u2019s yellow \u2014 I used to see a lot of yellow; now, thankfully, much less). It\u2019s helped me cut down distractions and spend more time where it counts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When it comes to catching up on the news, I\u2019m a podcast person. I use commute time to stay current.<\/strong> My favorites \u2014 Odd Lots from Bloomberg, FT News Briefing, and Ones and Tooze by Adam Tooze are regulars. For written content, I use Superhuman, which filters all my news subscriptions into one folder so I can catch up without being buried in email clutter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I also try to walk whenever I can.<\/strong> I use an Oura Ring to track activity, and one of my hacks is to turn one-on-one meetings with team members into walking meetings. It helps with health, focus, and energy, all at once.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no such thing as a \u201ctypical\u201d workday for me, but there is structure.<\/strong> I have regular cadences with each team \u2014 some weekly, some bi-weekly, some every two days. Then everything else goes on the calendar: tasks, deliverables, even family time. That balance matters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When I do have downtime, you\u2019ll probably find me at the beach. <\/strong>I love the sea \u2014 it\u2019s one of the reasons I love the UAE so much. I might also spend time with my family. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for books, I\u2019ve been deep into history lately.<\/strong> The Silk Roads: A New History of the World by Peter Frankopan is one I highly recommend \u2014 it\u2019s sweeping and brilliant. Another one is Destiny Disrupted: A History of the World Through Islamic Eyes by Tamim Ansary. For finance, I mostly stick to newsletters and CFA Institute material these days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One piece of advice I always go back to is something my father always says:<\/strong> \u201cYou have two ears and one mouth.\u201d I try to live by that. Listening to partners, our community, our clients, really allows us to add much more value than speaking sometimes. The more you listen, the more you understand, and the better decisions you make.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/entrepreneurship\/\">Entrepreneurship<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104583\" 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\/13\/104583-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104583\" class=\"content-area-description single-story post-104583 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>15-17 June (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/g7.canada.ca\/en\/\" style=\"\">G7 summit<\/a><\/span><span>, Canada. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 June (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gsefworld.org\/\" style=\"\">Global South Economic Forum (GSEF)<\/a><\/span><span>, Anwar Gargash Diplomatic Academy, Abu Dhabi.<\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Stake launches fund in KSA + the latest on gov\u2019t spending and revenues in 2024<\/p>\n","protected":false},"featured_media":104556,"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-104555","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"25930572-2ef1-47c9-a73c-dcb459e202b2","teaser":"Plus: Stake launches fund in KSA + the latest on gov\u2019t spending and revenues in 2024","photo_url":"https:\/\/ent.news\/2024\/4\/544.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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