{"id":104759,"date":"2025-06-19T00:00:00","date_gmt":"2025-06-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=104759"},"modified":"2025-12-15T04:05:53","modified_gmt":"2025-12-15T04:05:53","slug":"sp-global-ratings-assigns-the-uae-an-aa-rating-with-a-stable-outlook","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/sp-global-ratings-assigns-the-uae-an-aa-rating-with-a-stable-outlook\/","title":{"rendered":"S&#038;P Global Ratings assigns the UAE an AA rating with a stable outlook"},"content":{"rendered":"<section id=\"104761\" 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=\"104761\">\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\/19\/this-morning-cbuae-holds-rates-steady-again-al-habtoor-to-list-hotel-management-arm-on-the-dfm\/\">\r\n                            THIS MORNING: CBUAE holds rates steady again + Al Habtoor to list hotel management arm on the DFM                        <\/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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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1512.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1512.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1512.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1512.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104761\" class=\"content-area-description single-story post-104761 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-al-habtoor tag-central-bank-of-the-uae tag-department-of-municipalities-and-transport tag-dubai-multi-commodities-center tag-emerging-markets tag-enterpriseam-uae tag-interest-rates tag-ipo tag-oil-and-gas tag-real-estate tag-us-federal-reserve tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.9eaefead-3508-4f57-a791-72706cb0169b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy almost-FRIDAY. <\/strong>We have a very macro-focused issue for you this morning as the news cycle slows from earlier this week. <strong>S&amp;P Global assigned its first sovereign credit rating<\/strong> <strong>to the whole of the UAE<\/strong>, while separately <strong>laying out the risks of the war on the GCC\u2019s funding flows<\/strong> and banking sector. <strong>PLUS:<\/strong> UBS\u2019 Global Wealth Report shows the UAE was the second-fastest growing destination for USD m\u2019naires last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>AND- The Central Bank of the UAE kept interest rates unchanged for the fourth time in a <\/strong><strong>row<\/strong>, in line with the US Federal Reserve\u2019s move in its meeting yesterday, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1072.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The base rate applicable to the overnight deposit facility remains at 4.4%, while the rate applicable to borrowing short-term liquidity was kept at 50 bps above the base rate for all standing credit facilities. <strong>We have more on the Fed\u2019s decision in Planet Finance, below.<\/strong><\/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>WEATHER- <\/strong><strong>Dubai <\/strong>will see an afternoon high of 41\u00b0C \u2014 though it will feel like 56\u00b0C \u2014 before cooling down to an overnight low of 31\u00b0C. <strong>Abu Dhabi<\/strong> will be slightly milder, with a daytime peak of 35\u00b0C and overnight lows of 31\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> Al Habt<\/strong><strong>oor plans to list its hospitality division on the DFM: <\/strong>Al Habtoor Group is planning an initial public offering (IPO) of its hotel management arm, Habtoor Hospitality, on the Dubai Financial Market (DFM), <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/business\/local\/2025-06-18-1.1953409\" style=\"\" rel=\"noopener\">Emarat Al Youm<\/a> quotes the group\u2019s founder and chairman, Khalaf Al Habtoor, as saying. The group said it was considering an IPO for its hotel management unit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c1f7eb5c-7dfc-41bc-816e-6e95d6ce4731\/%253cmark%253eal%253c%2Fmark%253e%253cmark%253e-habtoor%253c%2Fmark%253e-group-mulls-an-ipo-for-its-subsidiary%253cmark%253e-habtoor%253c%2Fmark%253e-hospitality\" style=\"\" rel=\"noopener\">in February<\/a>, and reports of a listing were also circulating as far back as 2012 but it was ultimately postponed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details like the size of the listing will come after the summer<\/strong>, Al Habtoor said, with no information yet on the expected size of the listing. The group may also consider a listing on other exchanges later on.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The portfolio: <\/strong>Al Habtoor Hospitality\u2019s offerings in Dubai include Hilton Dubai Al Habtoor City, Waldorf Astoria Palm Jumeirah, Metropolitan Hotel, and V Hotel by Hilton, among others. The operator\u2019s international offerings include properties in Budapest, London, Vienna, and the US.<\/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- The <\/strong><strong>UAE and Saudi Arabia are on track to be reclassified as developed markets<\/strong> and removed from the Emerging-Markets Bond Index (EMBI) on the back of financial and economic progress characterized by low sovereign risk, tight price spreads, and market maturity, Mashal Al Faras, the head of Middle East, Africa, and Asia at Janus Henderson, told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/uae-saudi-arabia-likely-to-be-reclassified-as-developed-markets\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/73ec25e9-9b9f-4550-bd76-0f61e55baadc\/%2525d9%252585%2525d8%2525b9-%2525d8%2525a7%2525d8%2525b3%2525d8%2525aa%2525d8%2525a8%2525d8%2525b9%2525d8%2525a7%2525d8%2525af%2525d9%252587%2525d9%252585%2525d8%2525a7-%2525d9%252585%2525d9%252586%25253cmark%25253e-%2525d9%252585%2525d8%2525a4%2525d8%2525b4%2525d8%2525b1%25253c%252Fmark%25253e%25253cmark%25253e-%2525d8%2525a7%2525d9%252584%2525d8%2525a3%2525d8%2525b3%2525d9%252588%2525d8%2525a7%2525d9%252582%25253c%252Fmark%25253e%25253cmark%25253e-%2525d8%2525a7%2525d9%252584%2525d9%252586%2525d8%2525a7%2525d8%2525b4%2525d8%2525a6%2525d8%2525a9%25253c%252Fmark%25253e..-%2525d8%2525ac%2525d9%25258a%2525d9%252587-%2525d8%2525a8%2525d9%25258a-%2525d9%252585%2525d9%252588%2525d8%2525b1%2525d8%2525ba%2525d8%2525a7%2525d9%252586-%2525d9%25258a%2525d8%2525b5%2525d9%252586%2525d9%252581-%2525d9%252582%2525d8%2525b7%2525d8%2525b1-%2525d9%252588%2525d8%2525a7%2525d9%252584%2525d9%252583%2525d9%252588%2525d9%25258a%2525d8%2525aa-%2525d9%252583%2525d8%2525a3%2525d8%2525b3%2525d9%252588%2525d8%2525a7%2525d9%252582-%2525d9%252585%2525d8%2525aa%2525d9%252582%2525d8%2525af%2525d9%252585%2525d8%2525a9\" style=\"\" rel=\"noopener\">Earlier this year<\/a>, JPMorgan reclassified Qatar and Kuwait as developed markets, seeing the two also move from their emerging-markets bond index (EMBI). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>JPMorgan said earlier this year that the UAE's cost of living ratio has exceeded the EM index threshold for two years in a row \u2014 and, if it does so for a third consecutive year, the country would no longer be eligible for the EMBI series, triggering a review and a potential reclassification as a developed market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What this means: <\/strong>Reclassifying the UAE and Saudi Arabia will attract a broader segment of investors and support their global standing, Al Faras said. It would also better reflect their economic standing and market maturity, he added. <\/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>#3- <\/strong><strong>DMT <\/strong><strong>rolls out AI-powered building permit platform:<\/strong> Abu Dhabi now has a digital platform for building permits called Binaa, which reduces permit processing times by 70% , according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/department-of-municipalities-and-transport-launches-binaa-digital-platform-to-enhance-building-permit-processes-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The AI-powered platform automates plan reviews, and features building information modeling and virtual and augmented reality for enhanced inspections, the statement said. will receive support from the Abu Dhabi Civil Defense Authority, TAQA, and e&amp;. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Binaa\u2019s first phase will focus on new private villa projects, which represent approximately 20k permit applications annually.<\/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>CBUAE <\/strong><strong>to offer AED 29.4 bn in M-bills at next auction: <\/strong>The Central Bank of the UAE (CBUAE) will offer up to AED 29.4 bn in monetary bills at its upcoming auction on Monday, 23 June, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1004.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The offering includes a 28-day tap issuance worth up to AED 4.1 bn, and new issuances of AED 2.1 bn with an 84 day-tenor, AED 3.2 bn with a 168-day tenor, and AED 20 bn with a 336-days tenor. All bills will settle on 25 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decoding central bank speak:<\/strong> M-bills are short-term, zero-coupon securities issued in AED with typical maturities of one to 12 months. They are sold via competitive tenders to licensed dealers and are not listed for public trading. A tap issuance allows the CBUAE to reopen an existing line to manage liquidity without launching a new series.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Real estate transactions in <\/strong><strong>Dubai<\/strong><strong> worth over AED 10 mn rose 31% y-o-y in 1Q 202<\/strong><strong>5<\/strong>, according to Savills\u2019 <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1028.pdf\" style=\"\" rel=\"noopener\">Dubai Prime Residential 2025 report (pdf)<\/a>. The segment has grown tenfold since 2020, with transactions over AED 10 mn rising from 469 pre-pandemic to 4.7k last year. Villas made up 70% of the sales and off-plan transactions accounted for 69% of the total, while areas like Palm Jumeirah and District One saw the most high value transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Savills expects the market to grow another 8-10% in 2025, buoyed by wealth migration, new master planned communities, and Dubai\u2019s continued ranking as a global hub for lifestyle-led residences. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Dubai Multi Commodities Center (<\/strong><strong>DMCC) <\/strong><strong>recorded a 7% increase in US <\/strong><strong>companies joining its business district over the past year<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/june\/18-06\/dmcc-announces-7-percent-growth-in-us-companies\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The freezone now hosts approximately 45% of the estimated 1.5k American businesses operating in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- GCC markets top Dubai Chamber members' 1Q 2025 export destinations: <\/strong>Dubai Commerce of Chamber members recorded AED 85.9 bn in exports and re-exports during 1Q 2025, representing 16.8% y-o-y growth, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk8e1gc-gcc-tops-export-destinations-for-dubai-chamber\" style=\"\" rel=\"noopener\">Wam<\/a> reports. GCC countries accounted for 47.2% of total trade volume, valued at AED 40.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Middle Eastern markets outside the GCC ranked second with a 29.1% share valued at AED 25 bn, followed by Africa at AED 9.1 bn, or 10.6%. The Asia-Pacific region contributed 9.4% (AED 8 bn), while Europe accounted for AED 2.4 bn (2.8%). North and Latin American markets represented less than 1% combined.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On day six of the war between Israel and Iran, concern is rising that the US is preparing <\/strong><strong>to join the war.<\/strong> Adding to the speculation, US President Donald Trump said that he had not made a final decision on whether he will strike the country, telling reporters, \u201cI may do it, I may not.\u201d Iranian Supreme Leader Ayatollah Ali Khamenei made his first appearance since Friday to respond to an increasingly hawkish Trump, warning the US president that their involvement in the conflict would \u201cundoubtedly be accompanied by irreparable damage.\u201d (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e243d1cc-5c21-41cb-a39e-280e86c1f7d1\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-iran-nuclear-us-strike-israel-eeaad923bb2df019b05f31f2e11d486c\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/06\/18\/world\/israel-iran-trump\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While over in the business press, all eyes were on the US Federal Reserve<\/strong>, which decided to hold interest rates steady for the fourth meeting running despite increasing pressure from the Trump administration to change course. Chair Jerome Powell doubled down on the reserve\u2019s position that they will wait to assess the full impact of the tariffs on US imports before \u201cconsidering any adjustments to our policy stance.\u201d <strong>We have more on the Fed\u2019s decision in this morning\u2019s Planet Finance section, below.<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-18\/fed-officials-hold-rates-again-still-see-two-cuts-by-year-end?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e82bb1c0-c0dc-4677-98d0-fba8cd678dba\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/the-fed-waits-out-the-tariff-economy-fb1b794a?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brent crude<\/strong><strong>'s premium to Dubai soars:<\/strong> Brent crude\u2019s premium to Middle Eastern benchmark Dubai widened above USD 3\/bbl yesterday \u2014 its highest since September 2023 \u2014 amid fears of supply disruptions following the escalation of the conflict between Iran and Israel, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/brent-crudes-premium-dubai-climbs-highest-since-september-2023-2025-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing LSEG data and market sources. The Brent-Dubai Exchange Futures for Swaps (EFS) for August settled at a USD 3.33 premium, the newswire added, citing three oil brokers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EFS spread is also widening due to expectations of higher Opec exports<\/strong>, and the overnight jump in Brent Crude on Tuesday, LSEG senior oil analyst Emirl Jamil told the newswire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brent\u2019s first-month futures contract is now trading at its highest premium to the six-month contract in nearly two years.<\/strong> This market structure \u2014 where near-term prices are higher than later prices, known as backwardation \u2014 reflects concerns about supply tightness. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai crude has also gained ground<\/strong>, with prices reaching their highest premium in more than two months this week, while shipping costs to move oil from the Middle East to Asia have risen. Potential disruptions to the Strait of Hormuz, through which around 20% of the world\u2019s seaborne oil passes, remains a key concern for market participants. <\/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\/al-habtoor\/\">Al Habtoor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/department-of-municipalities-and-transport\/\">Department of Municipalities and Transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n     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story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"104764\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/sp-global-ratings-assigns-the-uae-a-long-term-credit-rating-of-aa-emirates-nbd-gives-its-two-cents-on-the-uaes-economy\/\">\r\n                            S&amp;P Global Ratings assigns the UAE a long-term credit rating of AA + Emirates NBD gives its two cents on the UAE\u2019s economy                        <\/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 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            <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1059.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104765\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/sp-global-ratings-assigns-the-uae-a-long-term-credit-rating-of-aa-emirates-nbd-gives-its-two-cents-on-the-uaes-economy\/1059-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1059.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1059.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1059.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1059.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104764\" class=\"content-area-description single-story post-104764 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-emirates-nbd tag-enterpriseam-uae tag-gdp tag-inflation tag-sp-global 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\/.8b5134b9-fb5d-471a-a991-9176b4f24222.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>S&P Global Ratings assigned the UAE a long-term credit rating of \u201cAA,\u201d an<\/strong><strong>d <\/strong><strong>\u201cA-1+\u201d on its short-term foreign and local currency sovereign credit ratings with a stable outlook<\/strong>, with the agency pointing to the country\u2019s \u201cstrong fiscal and external positions,\u201d S&P said in a <a target=\"_blank\" href=\"https:\/\/disclosure.spglobal.com\/ratings\/en\/regulatory\/article\/-\/view\/type\/HTML\/id\/3390067?utm_source=undefined&utm_medium=undefined&utm_campaign=undefined&utm_content=undefined&utm_term=undefined&kw=%2525257bkeyword%2525257d&gclid=undefined%25253futm_source%25253dundefined?utm_source=undefined\" style=\"\" rel=\"noopener\">note<\/a> on its website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the first time that S&P has issued a consolidated sovereign credit rating for the UAE as a whole<\/strong>, as opposed to issuing separate ratings for individual emirates, according to <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2604891\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale behind the rating: <\/strong>The strength of the UAE government\u2019s net asset position provides a buffer against the effects of fluctuations in oil prices amid rising geopolitical tension in the region, and will help it maintain its economic growth prospects, government revenues, and positive external account. Meanwhile, policy measures such as expenditure restraint and diversification efforts have helped the government secure revenues from streams other than hydrocarbons, the agency wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&P expects the UAE\u2019s GDP growth to hover around 4% over 2025-2028,<\/strong> which it attributes to \u201cbuoyant non-oil sector activity and increasing oil production,\u201d the ratings agency said. The agency sees crude oil production reaching about 3.5 mn barrels per day in 2028, up from just under 3 mn in 2024 \u2014 which, coupled with increased LNG production capacity, will help boost growth over the next few years. Meanwhile, non-oil growth will be aided by \u201cpublic investment and government efforts to diversify the economy, combined with increasing trade and foreign investment,\u201d the agency wrote. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is also projected to see fiscal surpluses averaging 3.2% of GDP until 2028 <\/strong>\u2014 but the surplus will halve relative to what was seen between 2021-2024, according to S&P. Lower oil prices and higher government spending is expected to lower the surplus to 2% of GDP this year, and that it will average 3.8% over 2026-2028, bringing it below the 6.4% average for 2021-2024. Sharjah \u2014 unlike Dubai, Abu Dhabi, and Ras Al Khaimah \u2014 is expected to see a fiscal deficit of 5% of its GDP over the next four years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel-Iran escalations come with downside risks for the UAE<\/strong>, with the conflict potentially causing disruption to \u201ckey transportation routes, fluctuating energy prices, reduced tourism, capital outflows, higher security spending, and weaker consumer and investment confidence,\u201d according to S&P. An unexpected decline in the UAE's per capita wealth or interest burdens rising for the consolidated government because of higher borrowing also present potential downside risks that could lower the UAE\u2019s credit rating.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the upside<\/strong>, the agency could raise the UAE\u2019s ratings if it sees \u201csignificant improvements in the availability and timeliness of UAE-wide and emirate-specific data disclosures, particularly on fiscal assets, contingent liabilities, and external accounts. Measures to improve the effectiveness of monetary policy, such as establishing deep domestic capital markets, could also be positive for the ratings,\u201d S&P wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER MACRO NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD sees the UAE\u2019s GDP growth coming in at 4.8% this year<\/strong>, up 0.8 percentage points from last year, before slowing slightly to 4.6% in 2026, the bank said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1036.pdf\" style=\"\" rel=\"noopener\">forecast update (pdf)<\/a> for the month. The accelerated growth will be driven by increased activity in the hydrocarbon sector following recent OPEC+ production hikes, the bank said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil growth is expected to increase to 5%<\/strong> \u2014 up from just under 1% last year. Meanwhile, non-oil growth is expected to slow slightly to 4.7% this year, down from 5% in 2024. The sectors driving growth are expected to include transport & storage, construction, and financial services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD expects the UAE to see a current account surplus equivalent to 8.1% of <\/strong><strong>GDP<\/strong>, down from 9.1% last year, on the back of lower oil prices. The bank expects oil to come in at an average of USD 68 per barrel in 2025, down from USD 80 in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, the current account balance is expected to accelerate to 9% of GDP in 2026<\/strong> \u201cas both oil production and global oil prices are likely to be higher.\u201d Lower oil prices are also expected to bring down the UAE\u2019s fiscal surplus to 1.8% of GDP, down from 3.4% in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for inflation,<\/strong> Emirates NBD sees an average monthly CPI inflation rate of 2.5% y-o-y in Dubai, in what would mark the lowest inflation figure from the emirate since 2021. <\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/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=\"104766\" 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=\"104766\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/gcc-could-see-external-funding-outflows-due-to-the-israel-iran-conflict-but-the-uae-is-likely-to-weather-the-storm-sp-global\/\">\r\n                            GCC could see external funding outflows due to the Israel-Iran conflict, but the UAE is likely to weather the storm -S&amp;P Global                        <\/a>\r\n                    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href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/gcc-could-see-external-funding-outflows-due-to-the-israel-iran-conflict-but-the-uae-is-likely-to-weather-the-storm-sp-global\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1075.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104767\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/gcc-could-see-external-funding-outflows-due-to-the-israel-iran-conflict-but-the-uae-is-likely-to-weather-the-storm-sp-global\/1075-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1075.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1075.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1075.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1075.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104766\" class=\"content-area-description single-story post-104766 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-banking tag-economy tag-sp-global tag-war-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.4dd5de80-eadc-4b1c-8169-a9b67deca21c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>S&amp;P Glob<\/strong><strong>al believes regional sovereigns and banks are in a good position <\/strong><strong>to co<\/strong><strong>pe with the Israel-Iran escalations<\/strong>, with the agency laying out different scenarios for the conflict and how it could affect different players in the region, it wrote in a <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/250616-israel-iran-escalation-stresses-geopolitical-risk-scenarios-for-regional-sovereigns-and-banks-101629022\" style=\"\" rel=\"noopener\">note<\/a> on its website. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">S&amp;P sees four primary risks affecting regional credit conditions: <\/strong><span style=\"background-color: transparent;\">Regional sovereigns and lenders could be affected by issues that include \u201cbroader confidence factors\u201d \u2014 which could hamper economic growth, funding costs, and banking system liquidity and asset quality \u2014 as well as surges in the prices of energy, production, and transportation, weaker tourism and capital outflows, and other security-related expenditure, the agency wrote.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outflows can be severe for the region:<\/strong> External funding outflows are expected to reach around USD 240 bn \u2014 equivalent to \u201cabout 30% of the cumulative external liabilities of tested systems.\u201d However, S&amp;P believes banks in the region have the necessary external liquidity to cover these outflows in most cases, provided their external assets can be liquidated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is among the most likely to weather the outflow storm:<\/strong> UAE banks have the strongest net external asset position in the region at large, which makes them the most resilient in the face of potential capital outflows. However, escalatory attacks between Israel and Iran are expected to affect business confidence in the GCC region at large, according to S&amp;P. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key risks for GCC banking systems include:<\/strong><\/p>\n<ul>\n<li><strong>Outflows of foreign funding<\/strong>, which would entail non-resident investors exiting the GCC region as tensions escalate;<\/li>\n<li><strong>Outflows of local funding<\/strong>, which could materialize only in the case of a broader regional conflict or in S&amp;P\u2019s \u201csevere stress scenario\u201d of a wider conflict involving regional and non-regional allies;<\/li>\n<li><strong>\u201cA spike in default rates among banks' corporate and retail clients,\u201d <\/strong>which would come if there were disruptions to oil exports as part of the geopolitical instability.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local private sector deposit outflows are expected to happen only under the agency\u2019s most severe scenario of a wider conflict<\/strong>, and in the event of an exit of expats and residents. In that scenario, S&amp;P expects 20% outflows of private sector deposits, which is based on historical data from the 1990-1991 Gulf War as a precedent. Meanwhile, the agency does not expect to see outflows of government or public sector deposits, saying that previous episodes of heightened geopolitical risk saw intervention from governmental and public entities to support banks amid capital outflows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even in the worst case scenario, banks in the GCC are equipped to cope with the losses:<\/strong> Banks are expected to experience some USD 290 bn in local private sector deposits under the worst case scenario posed by S&amp;P, which the agency thinks banks can cope with. If there is less liquidity than originally assumed, central banks are likely to step in to support, the agency said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another risk for the UAE and the wider region is the potential b<\/strong><strong>lockage of the Strait of Hormuz<\/strong>, which S&amp;P Global said would \u201cdisrupt regional cargo flows, particularly through Jebel Ali port in Dubai\u2014a key hub in regional supply chains.\u201d <\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/war-watch\/\">War Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104768\" 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=\"104768\">\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\">FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/uae-posts-second-fastest-growth-in-mnaires-globally-in-2024\/\">\r\n                            UAE posts second-fastest growth in m\u2019naires globally in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/uae-posts-second-fastest-growth-in-mnaires-globally-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The rate of m\u2019naires arriving in the UAE was outpaced only by Turkey, which saw an 8.4% increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Wealth in the UAE remains heavily concentrated in financial and real estate assets, with 62% held in financial instruments and 48% in property and land, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/markets\/uaes-dollar-millionaires-another-7000-join-resident-base-in-2024-says-ubs-1.500167869\" style=\"\" rel=\"noopener\">Gulf News<\/a> cites the report as saying. Debt levels remain low at just 9% among investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bigger picture: <\/strong>The UAE\u2019s total m\u2019naire population now stands at 240.3k, with combined wealth holdings of USD 785 mn. The Emirates ranks second regionally to Saudi Arabia, which saw a 4.8% increase last year, adding 15k m\u2019naires to reach 339k. Like Emiratis, Saudis hold the bulk of their wealth in financial assets (58%) and maintain even lower debt levels at 5.7%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE also posted one of the strongest long-term wealth gains globally<\/strong>, with median wealth up more than 23% since 2020, the news outlet cites head of UBS\u2019 Wealth Management Middle East Niels Zilkens as saying. However, real median wealth dipped nearly 3% in 2024, reflecting inflation-adjusted declines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead<\/strong>, UBS expects both Gulf markets to enter \u201ca pivotal phase of generational transition,\u201d with around USD 122 bn in wealth transfers projected over the coming years, according to Zilkens.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Globally, private wealth rose 4.6% in 2024<\/strong>, buoyed by equity market gains and a stable USD. The US led the charge, adding over 379k m\u2019naires \u2014 more than 1k per day \u2014 and now accounts for nearly 40% of all m\u2019naires worldwide, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/us-added-over-1000-new-millionaires-day-last-year-ubs-report-says-2025-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. UBS forecasts that the US and China will lead continued wealth growth through to 2029.<\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104770 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=\"104770\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/104770-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104770\" class=\"content-area-description single-story post-104770 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=\"104771\" 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=\"104771\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/traders-are-driving-the-uae-hedge-fund-boom\/\">\r\n                            Traders are driving the UAE hedge fund boom                        <\/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\/19\/traders-are-driving-the-uae-hedge-fund-boom\/\" 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\/19\/traders-are-driving-the-uae-hedge-fund-boom\/')\">\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\/19\/traders-are-driving-the-uae-hedge-fund-boom\/\">\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=Traders are driving the UAE hedge fund boom&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/traders-are-driving-the-uae-hedge-fund-boom\/\">\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\/19\/traders-are-driving-the-uae-hedge-fund-boom\/&title=Traders are driving the UAE hedge fund boom\">\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=Traders+are+driving+the+UAE+hedge+fund+boom+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F19%2Ftraders-are-driving-the-uae-hedge-fund-boom%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\/19\/traders-are-driving-the-uae-hedge-fund-boom\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2409.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104772\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/traders-are-driving-the-uae-hedge-fund-boom\/2409-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2409.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2409.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2409.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2409.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104771\" class=\"content-area-description single-story post-104771 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-abu-dhabi tag-adnoc tag-dubai tag-enterpriseam-uae tag-investment tag-lng tag-oil-and-gas 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\/.89ac290d-1fa4-44bf-aba9-1f2f3b1ad04a.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.bloomberg.com\/news\/articles\/2025-06-18\/uae-hedge-fund-traders-are-pushing-firms-into-dubai-abu-dhabi\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong> <strong> i<\/strong><strong>s out with a deep dive on the UAE\u2019s rise as a global hedge fund <\/strong><strong>ma<\/strong><strong>gnet <\/strong>\u2014 and it\u2019s not just capital doing the pulling. A wave of relocations is being driven by traders themselves, with firms like Dymon Asia, Millennium Management, Point72, and Brevan Howard expanding in Dubai and Abu Dhabi to keep their talent happy. Zero income tax, a globally connected time zone, and expat-friendly policies have helped tip the scales, as well as increasingly stringent regulatory and tax environments in other finance centers like the UK and Singapore.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Investors are no longer conflating the UAE with the broader Middle East<\/strong><span style=\"background-color: transparent;\">, and despite the current escalating regional conflicts, the \u201cperceived risk to most is greater than what major investors and funds actually factor into decision-making,\u201d said Dubai-based headhunter Rahnpreet Sandhu.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>A push from regional oil giants into<\/strong><strong> LNG dominance also received ink fro<\/strong><strong>m the <\/strong><strong>international press<\/strong>, with <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-18\/middle-east-oil-companies-bring-their-billions-in-search-of-lng-riches\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reporting on Gulf players\u2019, including the UAE\u2019s Adnoc and Saudi\u2019s Aramco, expansion into liquified natural gas markets. LNG\u2019s position as a transition fuel in the renewables drive and its quick growth are behind moves like Adnoc\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/792c8a71-2969-4df8-bbd6-277a8c4cb207\/xrg-leads-consortium-bidding-for-australian-oil-and-gas-firm%253cmark%253e-santos%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 18.7 bn bid for Australia\u2019s Santos<\/a>, the business news information service said. Economic diversification efforts and strong margins in the LNG sector were also cited as being behind Gulf plays into the field, previously dominated by US firms.<\/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\/dubai\/\">Dubai<\/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\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"104773\" 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=\"104773\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/\">\r\n                            New leadership at Emirates Investment Bank and HSA + Rakbank departure                        <\/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\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/\" 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\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/')\">\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\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New leadership at Emirates Investment Bank and HSA + Rakbank departure&url=https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/\">\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\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/&title=New leadership at Emirates Investment Bank and HSA + Rakbank departure\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+leadership+at+Emirates+Investment+Bank+and+HSA+%2B+Rakbank+departure+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F06%2F19%2Fnew-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure%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\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1057.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104774\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/new-leadership-at-emirates-investment-bank-and-hsa-rakbank-departure\/1057-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1057.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1057.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1057.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1057.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104773\" class=\"content-area-description single-story post-104773 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-moves tag-rakbank 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\/.5f3953bc-b924-4d40-8a0b-0a5a73b9c58d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates<\/strong> <strong>Investment Bank has named Kishore Venkat (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kishore-venkat-5b816059?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as its interim CEO<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1033.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The appointment has been effective since 17 June and was confirmed by the Central Bank of the UAE. This follows the resignation of the previous CEO Gaurav Bipinchandra Shah at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3b55933e-6ae1-46a9-895d-95197a1ba343\/emirates-investment-bank%25e2%2580%2599s-ceo-resigns\" style=\"\" rel=\"noopener\">end of April<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Business <\/strong><strong style=\"background-color: transparent;\">conglomerate Hayel Saeed Anam &amp; Co. (HSA) appointed <\/strong><strong style=\"background-color: transparent;\">Dirhem<\/strong><strong style=\"background-color: transparent;\"> Saeed<\/strong><span style=\"background-color: transparent;\"> <\/span><strong style=\"background-color: transparent;\">as chairman of the board<\/strong><span style=\"background-color: transparent;\">, according to a <\/span><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/hsa-group_hsagroup-leadership-activity-7341035396849356801-vzY3?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAADAUJZ8Br23Kv54kDyrvxGUyLkbiQlSEyyw\" rel=\"noopener\">statement<\/a><span style=\"background-color: transparent;\">. Dirhem was previously the board\u2019s vice chairman, and succeeds former chairman Abdul Jabbar Saeed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mohamed <\/strong><strong>Abdelfattah<\/strong><strong> resigned as group company secretary of the National Bank<\/strong> <strong>of Ras Al Khaimah (Rakbank)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1022.pdf\" style=\"\" rel=\"noopener\">bourse disclosure (pdf)<\/a>. The resignation has been in effect since 2 June, and the disclosure did not specify a successor or a reason for the departure.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/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=\"104775\" 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=\"104775\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/meraas-hands-naresco-aed-450-mn-contract-for-dubais-city-walk\/\">\r\n                            Meraas hands Naresco AED 450 mn contract for Dubai\u2019s City Walk                        <\/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        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           \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/meraas-hands-naresco-aed-450-mn-contract-for-dubais-city-walk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1055.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104776\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/meraas-hands-naresco-aed-450-mn-contract-for-dubais-city-walk\/1055-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1055.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1055.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1055.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1055.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104775\" class=\"content-area-description single-story post-104775 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi tag-also-on-our-radar tag-aviation tag-construction tag-dubai-chambers tag-dubai-holding tag-dubai-international-airport tag-emirates-nbd tag-empower tag-enterpriseam-uae tag-healthcare tag-infrastructure tag-meraas 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\/.97ea446c-f378-4472-9027-003dd7de3bf2.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Meraas taps Naresco for City Walk residential development: <\/strong>Dubai Holding Real Estate\u2019s subsidiary <a target=\"_blank\" href=\"https:\/\/meraas.com\/en\" style=\"\" rel=\"noopener\">Meraas<\/a> has awarded <a target=\"_blank\" href=\"https:\/\/naresco.ae\/\" style=\"\" rel=\"noopener\">Naresco Contracting<\/a> an AED 450 mn contract for the main construction works of Central Park Plaza residential development \u2014 the final phase of Dubai\u2019s City Walk project, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/meraas-awards-construction-contract-worth-more-than-aed450mln-for-central-park-plaza-at-city-walk-b8cr7roj\" 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 style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The project will deliver 212 apartments, townhouses, and penthouses across two towers, with handover expected in 3Q 2027. The towers will be part of City Walk\u2019s wider community development with sports, retail, and wellness facilities, and an outdoor events area.<\/span><\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Serco <\/strong><strong>secures AED 495 mn contract extension with Dubai Airports:<\/strong> British multinational Serco secured an extended guest services contract worth AED 495 mn with Dubai Airports until December 2030, according to a <a target=\"_blank\" href=\"https:\/\/www.serco.com\/me\/media-and-news\/2025\/serco-secures-aed-495-million-contract-extension-with-dubai-airports-to-deliver-world-class-guest-experience-services\" style=\"\" rel=\"noopener\">press release<\/a>. The five-year extension follows a previous six-year partnership between the two.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Serco\u2019s role: <\/strong>Serco will continue managing passenger experience operations at both Dubai International Airport (DXB) and Al Maktoum International (DWC). Services include passenger processing, VIP lounge hosting, traffic marshaling, and chauffeur operations.<\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Empower awards contract for new district cooling plant in Dubai:<\/strong> Emirates Central Cooling Systems Corporation (Empower) awarded an excavation and foundation works contract for a new district cooling plant in Al Sufouh 2 in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1001.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>, which did not disclose the identity of the firm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline and details: <\/strong>Excavation work began this month, with full construction scheduled to start in 4Q 2025. The plant, with a capacity of 23.4k RT, will be the first in a series of three future plant rooms that Empower plans to build in the area. It will serve multiple buildings, including the Innovation Hub business park.<\/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>Abu <\/strong><strong>Dhabi tapped as WHO virus research partner:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.adphc.gov.ae\/en\" style=\"\" rel=\"noopener\">Abu Dhabi Public Health Center<\/a> (ADPHC) has been designated as the World Health Organization\u2019s first collaborating center in the Middle East for research and capacity building in emerging respiratory viruses and associated infections, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/abu-dhabi-public-health-centre-designated-as-first-world-health-organization-collaboration-centre-in-middle-east-for-emerging-respiratory-virus-research\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The designation is effective through 2028, adding ADPHC to a global network supporting WHO-led research. <\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong> <strong>International Chamber expands into Canada: <\/strong>Dubai International Chamber has launched its first representative office in North America, setting up shop in Toronto as part of its global push to deepen trade and investment ties, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk8zgzb-dubai-international-chamber-establishes-new\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The new office will act as a launchpad for Canadian firms into Dubai and vice versa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Canada? \u2026and why now? <\/strong>Non-oil trade between the two countries hit AED 10.2 bn in 2024, and by year-end, 4.1k Canadian companies were active members of the Dubai Chamber of Commerce\u2014 up 29% y-o-y. Some 289 new firms have also joined in the first quarter of this year.<\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Galadari secures funding for sports complex from Emirates NBD: <\/strong><a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=emirates+nbd+uae&amp;sca_esv=c00251c694cd13aa&amp;rlz=1C1GCEB_enEG1149EG1149&amp;sxsrf=AE3TifMX7bizYmxidq-5JEnHF44yOkYfWg%3A1750256533095&amp;ei=lctSaPfLBe7W7M8Pl6TTsAc&amp;ved=0ahUKEwi36q7XlfuNAxVuK_sDHRfSFHYQ4dUDCBA&amp;uact=5&amp;oq=emirates+nbd+uae&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiEGVtaXJhdGVzIG5iZCB1YWUyCxAAGIAEGJECGIoFMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAESO4GUJwBWJMGcAF4AZABAJgBmQKgAYYFqgEFMC4yLjG4AQPIAQD4AQGYAgSgAr0FwgIHECMYsAMYJ8ICChAAGLADGNYEGEfCAgoQIxiABBgnGIoFwgIEECMYJ8ICChAAGIAEGEMYigXCAgoQABiABBgUGIcCwgILEC4YgAQYxwEYrwGYAwCIBgGQBgqSBwUxLjIuMaAHtheyBwUwLjIuMbgHrQXCBwUyLTEuM8gHLw&amp;sclient=gws-wiz-serp\" style=\"\" rel=\"noopener\">Emirates<\/a><a target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=emirates+nbd+uae&amp;sca_esv=c00251c694cd13aa&amp;rlz=1C1GCEB_enEG1149EG1149&amp;sxsrf=AE3TifMX7bizYmxidq-5JEnHF44yOkYfWg%3A1750256533095&amp;ei=lctSaPfLBe7W7M8Pl6TTsAc&amp;ved=0ahUKEwi36q7XlfuNAxVuK_sDHRfSFHYQ4dUDCBA&amp;uact=5&amp;oq=emirates+nbd+uae&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiEGVtaXJhdGVzIG5iZCB1YWUyCxAAGIAEGJECGIoFMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAEMgUQABiABDILEAAYgAQYkQIYigUyBRAAGIAESO4GUJwBWJMGcAF4AZABAJgBmQKgAYYFqgEFMC4yLjG4AQPIAQD4AQGYAgSgAr0FwgIHECMYsAMYJ8ICChAAGLADGNYEGEfCAgoQIxiABBgnGIoFwgIEECMYJ8ICChAAGIAEGEMYigXCAgoQABiABBgUGIcCwgILEC4YgAQYxwEYrwGYAwCIBgGQBgqSBwUxLjIuMaAHtheyBwUwLjIuMbgHrQXCBwUyLTEuM8gHLw&amp;sclient=gws-wiz-serp\" style=\"\" rel=\"noopener\">NBD<\/a> has closed a green term loan facility with <a target=\"_blank\" href=\"https:\/\/galadaribrothers.com\/\" style=\"\" rel=\"noopener\">Galadari Sports<\/a> to finance a new sustainable sports complex in Al Quoz in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\/media-center\/emirates-nbd-and-galadari-sports-complete-new-green-term-loan-facility?utm_websource=legacy-beta\" style=\"\" rel=\"noopener\">press release<\/a>. The facility will include gyms, squash and padel courts, swimming pools, and will be powered by solar panels and water recycling systems. As part of the bank\u2019s sustainable financing framework, the project will have to adhere to environmental standards and impact reporting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another one? <\/strong>Galadari Sports is part of Dubai-based conglomerate Galadari Brothers, which recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/167448cf-4be5-42cb-9aa0-098a81cf97e4\/mashreq-facilitates-the-first-sustainability-linked-financing-for%253cmark%253e-galadari%253c%2Fmark%253e-brothers\" style=\"\" rel=\"noopener\">received sustainability-linked financing (SLF)<\/a> from our friends at Mashreq.<\/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\/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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-chambers\/\">Dubai Chambers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-holding\/\">Dubai Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-airport\/\">Dubai International Airport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/empower\/\">Empower<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/meraas\/\">Meraas<\/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=\"104777\" 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=\"104777\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/fed-stays-the-course-on-its-wait-and-see-approach-amid-rising-economic-uncertainty\/\">\r\n                            The Federal Reserve held rates steady as economic uncertainty rises in light of Trump\u2019s tariff agenda                        <\/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\/19\/fed-stays-the-course-on-its-wait-and-see-approach-amid-rising-economic-uncertainty\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1053.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104778\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/fed-stays-the-course-on-its-wait-and-see-approach-amid-rising-economic-uncertainty\/1053-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1053.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1053.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1053.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1053.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104777\" class=\"content-area-description single-story post-104777 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-inflation tag-interest-rates tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.b4c3edc5-5740-466c-8beb-702f9e973816.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The US Federal Res<\/strong><strong>erve held its benchmark rates unchanged at 4.25-4.<\/strong><strong>50% for the fourth straight meeting<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1072.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1072.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. Solid market conditions, low levels of unemployment, and a solid pace of economic growth, were cited as reasons in a statement, which noted inflation is still \u201csomewhat elevated.\u201d The last time the Fed cut interest rates was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/f203e9f5-2ccd-41fb-8579-4e4d81199fc9\/%253cmark%253efed%253c%2Fmark%253e-cuts-rates-by-another-25-bps,-signals-slower-easing-cycle-next-year\" style=\"\" rel=\"noopener\">in December<\/a>, when it cut rates by 25 bps.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Incoming economic uncertainty? <\/strong><span style=\"background-color: transparent;\">Persistent concerns about an incoming uptick in inflation and unemployment on the back of US President Donald Trump\u2019s tariff agenda, the effects of which are expected to be felt soon, are also factors in the decision, according to statements from Fed Chair Jerome Powell cited by <\/span><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/fed-set-hold-rates-steady-middle-east-crisis-tariffs-cloud-outlook-2025-06-18\/\" rel=\"noopener\">Reuters<\/a><span style=\"background-color: transparent;\">. Economic projections released alongside the decision show the Fed now expects weaker economic growth \u2014 downgraded to 1.4%, from 1.7% earlier \u2014 and higher unemployment.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As expected: <\/strong>A <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/fed-keep-rates-hold-least-until-september-inflation-risks-linger-2025-06-10\/\" style=\"\" rel=\"noopener\">Reuters poll<\/a> from 105 economists had seen all but two predict the Fed to leave interest rates where they have been since the start of the year. Recent labor statistics from the US Treasury also made the case for keeping benchmark rates unchanged, as officials stay the course on a \u201cwait-and-see approach [that] has served them well up until this point,\u201d Deutsche Bank AG economist Brett Ryan told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-17\/fed-meeting-june-2025-officials-to-hold-interest-rates-on-uncertainty\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>The S&amp;P 500 fell following the Fed\u2019s announcement, while the Nasdaq inched up 0.1%. Meanwhile, the yield on the 10-year US Treasury note ended the day nearly flat.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Someone won\u2019t be happy: <\/strong>US President Donald Trump has openly called on the Fed to slash rates by a full percentage point. This time he\u2019s been complaining of the cost of high interest rates on fiscal buffers as the US government faces refinancing a huge swathe of maturing debt, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-17\/trump-s-latest-attack-on-the-fed-zooms-in-on-surging-debt-costs\" style=\"\" rel=\"noopener\">Bloomb<\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-17\/trump-s-latest-attack-on-the-fed-zooms-in-on-surging-debt-costs\" style=\"\" rel=\"noopener\">erg<\/a> reported earlier this week. Treasury stats showed the government paid USD 776 bn over the past eight months in interest fees for its debt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most Fed policymakers still expect two rate cuts this year<\/strong>, though division is rising as a minority see no rate cuts needed this year, while others see a need for more than two. Powell downplayed this to say \u201cno one holds these rate paths with a lot of conviction.\u201d <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the red following the Fed\u2019s move<\/strong>, with Japan\u2019s Nikkei leading losses at 0.7%, South Korea\u2019s Kospi falling around 0.3%, and Hong Kong\u2019s Hang Seng losing nearly 0.5%. <strong>Over on Wall Street<\/strong>, futures also point to a weaker open. <\/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\">9,496<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,306<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2% (YTD: +2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,311<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9% (YTD: +3.5%)<\/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-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% 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\">10,591<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2% (YTD: -12.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,839<\/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: +3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5981<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.0% (YTD: +1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8843<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +8.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5267<\/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: +7.6%)<\/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>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 76.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.99<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.6%<\/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>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 3386.40<\/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>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 104,702.00<\/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: +12.0%)<\/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>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 3.56<\/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\">-2.2% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">144.18<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +3.0%)<\/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>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">20.14<\/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\">-6.8% (YTD: +16.1%)<\/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 0.4% yesterday<\/strong> on turnover of AED 1.3 bn. The index is up 0.8% 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>GFH Financial Group (+9.2%), E7 Group PJSC Warrants (+7.5%) and Presight AI Holding (+4.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Abu Dhabi National Co. for Building Materials (-9.4%), Al Khaleej Investment (-8.3%) and Sharjah Cement and Industrial Development (-4.4%). <\/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 1.2% on turnover of AED 624.1 mn. Meanwhile, Nasdaq Dubai was down 0.9%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agility Public Warehousing Company\u2019s stake in Agility <\/strong><strong>Global will be reduced to 25% <\/strong>following a share buyback program, a distribution of 20% of shares in Agility Global as in-kind dividends, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1003.pdf\" style=\"\" rel=\"noopener\">bourse disclosure (pdf)<\/a>. The company also approved an additional USD 110 mn loan from a subsidiary to Agility Public Warehousing Company, which will settle the loan partially when Agility Global buys 615 mn shares (5.9% of share capital) at AED 0.5-5 per share from an APWC subsidiary. The ADX had earlier approved a share repurchase program of up to 1.04 bn shares of its ADX-listed shares, which is set to begin on 26 June, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/1002.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"104779\" 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=\"104779\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/uae-pakistan-ink-a-government-modernization-mou-cooperation-on-development-with-czech-and-renewables-with-serbia\/\">\r\n                            UAE, Pakistan ink a government modernization MoU + Cooperation on development with Czech, and renewables with Serbia                        <\/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\/19\/uae-pakistan-ink-a-government-modernization-mou-cooperation-on-development-with-czech-and-renewables-with-serbia\/\" 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         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href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/uae-pakistan-ink-a-government-modernization-mou-cooperation-on-development-with-czech-and-renewables-with-serbia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1051.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"104780\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/uae-pakistan-ink-a-government-modernization-mou-cooperation-on-development-with-czech-and-renewables-with-serbia\/1051-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1051.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1051.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1051.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1051.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104779\" class=\"content-area-description single-story post-104779 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-czech-republic tag-diplomacy tag-enterpriseam-uae tag-pakistan tag-uae-pakistan-relations tag-uae-russia-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\/.b0438104-07f5-40c6-9bfe-b39dd0bcad00.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and Pakistan have inked an MoU focused on government modernization<\/strong>, aimed at advancing institutional reform, data-driven policymaking, and capacity building in Pakistan, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9\/%D8%AD%D9%83%D9%88%D9%85%D8%AA%D8%A7-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A8%D8%A7%D9%83%D8%B3%D8%AA%D8%A7%D9%86-%D8%AA%D8%B7%D9%84%D9%82%D8%A7%D9%86-%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D9%81%D9%8A-%D8%AA%D8%AD%D8%AF%D9%8A%D8%AB-%D8%A7%D9%84%D8%B9%D9%85%D9%84-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A-kwf7vcz5\" style=\"\" rel=\"noopener\">press release<\/a>. Under the MoU, both sides will collaborate on civil service development, public sector reform, urban planning, and science and tech integration, among other areas. The partnership will include knowledge-sharing programs, advisory support, and digitization initiatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">PLUS- <\/strong><strong style=\"background-color: transparent;\">UAE deepens ties with the Czech Republic: <\/strong><span style=\"background-color: transparent;\">UAE State Minister for International Cooperation Reem bint Ebrahim Al Hashimy discussed with Czech Foreign Minister Jan Lipavsk\u00fd and Health Minister Vlastimil V\u00e1lek bilateral initiatives and trilateral cooperation with African countries, state news agency <\/span><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk6lqvb-uae-czech-republic-enhance-cooperation-during\" rel=\"noopener\">Wam<\/a><span style=\"background-color: transparent;\"> reports. The two sides agreed to work together on healthcare capacity-building in Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong>UAE <\/strong><strong>and Serbia presidents discuss bilateral cooperation in Abu Dhabi: <\/strong>President Sheikh Mohamed bin Zayed Al Nahyan met with Serbian President Aleksandar Vu\u010di\u0107 to discuss strengthening bilateral relations, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk8zhdr-uae-serbian-presidents-discuss-strengthening\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The leaders discussed expanding cooperation in renewable energy and food security, while reviewing the implementation of the Comprehensive Economic Partnership Agreement that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6716a2a0-6c66-4911-b07a-8c974e46a928\/dubai%25e2%2580%2599s-bybit-sets-up-eu-hq-in-vienna\" style=\"\" rel=\"noopener\">recently<\/a> took effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>UAE<\/strong><strong> President + Putin <\/strong><strong>discuss<\/strong><strong> regional escalation: <\/strong>President Sheikh Mohamed bin Zayed and Russian President Vladimir Putin held a call to review bilateral ties and discuss the escalating regional security situation, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bk8zhjm-uae-russian-presidents-hold-phone-call-discussing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The leaders stressed the need for de-escalation and backed diplomatic solutions to ongoing regional conflicts.<\/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\/czech-republic\/\">Czech Republic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-russia-relations\/\">UAE-Russia 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=\"104781\" 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\/19\/104781-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-104781\" class=\"content-area-description single-story post-104781 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JUNE <\/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 holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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>24-25 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ktuniexpo.com\/\" style=\"\">The KT UniExpo<\/a><\/span><span style=\"font-weight:400;\">, The H 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;\">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<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bk8zh7y-investopia-host-inaugural-global-talks-tashkent\" style=\"\">Investopia Global Talks<\/a><\/span><span>, Tashkent.<\/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>Nearly 6% rise in m\u2019naires in 2024 | UAE can weather funding outflows | Fed holds rates, CBUAE follows suit<\/p>\n","protected":false},"featured_media":104760,"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-104759","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8400eacb-2e40-4375-b9b5-626ef861dbce","teaser":"Nearly 6% rise in m\u2019naires in 2024 | UAE can weather 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