{"id":105172,"date":"2025-07-03T00:00:00","date_gmt":"2025-07-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=105172"},"modified":"2025-12-15T04:14:08","modified_gmt":"2025-12-15T04:14:08","slug":"mashreq-to-set-up-shop-in-indias-gift-city-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/mashreq-to-set-up-shop-in-indias-gift-city-this-year\/","title":{"rendered":"Mashreq to set up shop in India\u2019s GIFT City this year"},"content":{"rendered":"<section id=\"105174\" 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=\"105174\">\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\/07\/03\/this-morning-more-pe-giants-eye-abu-dhabi-indias-rbl-bank-denies-reports-of-emirates-nbd-acquisition-talks\/\">\r\n                            THIS MORNING: More PE giants eye Abu Dhabi + India\u2019s RBL Bank denies reports of Emirates NBD acquisition talks                        <\/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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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105175\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/this-morning-more-pe-giants-eye-abu-dhabi-indias-rbl-bank-denies-reports-of-emirates-nbd-acquisition-talks\/1336-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1336.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1336.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105174\" class=\"content-area-description single-story post-105174 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-aviation tag-aviation tag-education tag-emirates-nbd tag-enterpriseam-uae tag-investment tag-ma tag-uae-india-relations tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.f93aece0-432f-429c-b582-38930d00793b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>We have a brisk issue for you this morning, filled with plenty of India-related news \u2014 including our friends at Mashreq receiving in-principle approval to set up a unit in India\u2019s financial hub, GIFT City, and Indian firms setting up shop in Dubai to boost steel cooperation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: <\/strong>A new real estate program targets first-time home buyers (and new investors) in Dubai, and the General Civil Aviation Authority is out with regulations allowing helicopters and eVTOLs to share the same infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>The mercury will reach 41\u00b0C in Dubai today, before cooling to 30\u00b0C overnight. Abu Dhabi will see a high of 34\u00b0C \u2014 though it will feel more like 42\u00b0C \u2014 and an overnight low of 32\u00b0C. <\/p>\n<p class=\"tag-border-left\"> FROM THE RUMOR MILL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>India\u2019s <\/strong><strong>RBL Bank has denied reports of a minority stake sale to Dubai-based <\/strong><strong>Emirates NBD<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.cnbctv18.com\/market\/rbl-bank-share-price-emirates-nbd-eyes-minority-stake-report-denied-2025-returns-citi-target-raised-19630148.htm\" style=\"\" rel=\"noopener\">CNBCTV18<\/a> reports, citing a company statement. The <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/rbl-bank-shares-rally-3-as-dubai-based-emirates-nbd-bank-eyes-up-to-20-stake\/articleshow\/122197763.cms?from=mdr\" style=\"\" rel=\"noopener\">Economic Times<\/a> reported on Tuesday that Emirates NBD was in advanced negotiations to acquire a minority stake in RBL Bank. RBL Bank denied the report, describing it as \u201cincorrect and speculative in nature,\u201d CNBCTV18 reports, citing the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is not the first time <\/strong><strong>Emirates NBD<\/strong><strong>has been tied to a potential acquisition of a stake in an Indian bank. <\/strong>It was reportedly in talks in May to acquire a majority stake in IDBI Bank, and was said to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b2bdb852-0cea-4b57-abce-258ebff26f86\/fuel-prices-hiked-in-august-%2B-is-adia-closer-to-acquiring-a-stake-in-haldiram%3F\" style=\"\" rel=\"noopener\">shortlisted<\/a> among the final bidders for the stake in August. India\u2019s central bank also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/12047409-0932-4f7f-92c8-e10c9c723ec7\/this-morning:-emirates-nbd-to-set-up-unit-in-india-%2B-ex-magellan-trader-files-complaints-over-alleged-regulatory-breaches\" style=\"\" rel=\"noopener\">granted<\/a> the bank in-principle regulatory approval to set up a wholly-owned subsidiary. Last year, the Dubai-based bank was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0a44230e-5076-4ea8-a0c7-bf24675b79d3\/adq-mulls-acquisition-of-turkey%25e2%2580%2599s-odeabank-%2B-emirates-nbd-closer-to-acquiring-stake-in-yes-bank%3F\" style=\"\" rel=\"noopener\">looking to buy a stake<\/a> in Yes Bank. <\/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=\"wwtt2\"><\/a> <strong>#1- <\/strong><strong>Three<\/strong> <strong>international universities are coming to Dubai next academic yea<\/strong><strong>r<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/july\/02-07\/dubai-strengthens-its-position-as-a-global\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. Lebanon\u2019s American University of Beirut and Saudi Arabia\u2019s Fakeeh College for Medical Sciences will open their campuses in the coming academic year, as other major universities continue discussions to open their own campuses and others pending final approval, the statement said. The Indian Institute of Management Ahmedabad \u2014 a management school ranking 27th on the QS World University Rankings for business schools \u2014 will also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e9adaa33-455c-4636-a328-1f60f341d7b7\/uae-and%253cmark%253e-indian%253c%2Fmark%253e-firms-ink-mous-on-trade,-logistics,-education,-medicine\" style=\"\" rel=\"noopener\">offer a one-year MBA at its Dubai International Academic City campus<\/a> in September while its own campus is being built. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai already hosts 41 international education providers<\/strong>, two of which are ranked among the top 100 by QS. The three new campuses aim to bolster the city\u2019s reputation as a global education hub, according to the press release. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a><strong> #2- More private equity firms eye Abu Dhabi: <\/strong>Private market firms including Sweden\u2019s EQT, with upwards of USD 300 bn in assets under management, France\u2019s Eurazeo, managing USD 40 bn, and UK-based Pollen Street Capital, overseeing USD 7 bn, are looking to set up shop in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-02\/eqt-eurazeo-lead-700-billion-wave-of-firms-expanding-in-uae\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing sources familiar with the matter. They join a long list of firms \u2014 including Brookfield, KKR, and Brevan Howard Asset Management \u2014 drawn by access to USD 3 tn in sovereign and private wealth, a low tax environment, and time zone advantages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> EQT plans to set up shop and start working on transactions in the region, while Eurazeo is also planning to invest locally as well as fundraise after it sets up shop this year. HarbourVest Partners, which manages some USD 147 bn in assets, is also looking to set up shop in Abu Dhabi. <\/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>Archer <\/strong><strong>begins eVTOL test flights in Abu Dhabi:<\/strong> Archer Aviation\u2019s Midnight electric vertical take-off and landing (eVTOL) aircraft completed its first test flight at Al Bateen Executive Airport, the company said in a <a target=\"_blank\" href=\"https:\/\/www.investors.archer.com\/news\/news-details\/2025\/Archer-Begins-Test-Flights-in-Abu-Dhabi\/default.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The trials aim to assess performance in high heat, humidity, and dust ahead of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6a565b6-4782-4bfc-a388-ce574901a40e\/this-morning:-us-energy-secretary-visits-adnoc-hq,-explores-more-us-uae-cooperation\" style=\"\" rel=\"noopener\">planned commercial launch<\/a>, and are part of Archer\u2019s Launch Edition program <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3078d3e3-eefc-4b9f-9fdf-e8a56c370306\/more-firms-set-up-shop-in-difc-%2B-jafza-earmarks-aed-90-mn-to-expand-logistics-park\" style=\"\" rel=\"noopener\">with Abu Dhabi Aviation<\/a> to roll out air taxi services in the emirate, potentially <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/964d2ba1-4872-423a-a2af-0a770161b4e3\/this-morning:-mgx-to-invest-in-french-ai-%2B-anthropic%3F\" style=\"\" rel=\"noopener\">this year<\/a>. More regional testing is expected as certification progresses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been a busy week for air taxis:<\/strong> Joby Aviation and Dubai\u2019s Roads and Transport Authority carried out the region\u2019s first Joby air taxi test flight <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3f81505-aec8-4afc-ae40-057116745b35\/this-morning:-fuel-prices-up-in-july-%2B-joby-aviation-completes-first-air-taxi-test-flight-in-dubai\" style=\"\" rel=\"noopener\">earlier this week<\/a>, targeting a 2026 commercial debut. <\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>UAE ranked second in Kearney\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kearney.com\/service\/global-business-policy-council\/foreign-direct-investment-confidence-index\/2025-full-report\" style=\"\" rel=\"noopener\">2025 Emerging Markets Foreign Direct<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kearney.com\/service\/global-business-policy-council\/foreign-direct-investment-confidence-index\/2025-full-report\" style=\"\" rel=\"noopener\">Investm<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kearney.com\/service\/global-business-policy-council\/foreign-direct-investment-confidence-index\/2025-full-report\" style=\"\" rel=\"noopener\">ent Confidence Index<\/a><\/strong> <strong> with a score of 1.86<\/strong>, trailing only China (1.97) and ranking ahead of Saudi Arabia (1.76), Brazil (1.59), and India (1.53). The ranking reflects strong investor confidence in the UAE\u2019s macroeconomic outlook and its investments in infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE also placed ninth in Kearney\u2019s overall global index<\/strong> \u2014 making it one of only two emerging markets to make the top 10 alongside China \u2014 though it slipped one place since last year. It recorded a 42% net investor optimism score, the second-highest worldwide after the US and up 4% y-o-y, driven by its perceived policy stability and business-friendly environment.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Drone operations<\/strong><strong> shift to centralized digital platform: <\/strong>The UAE's General Civil Aviation Authority (GCAA) will no longer be providing direct drone services, after directing all applications to the official <a target=\"_blank\" href=\"http:\/\/drones.gov.ae\" style=\"\" rel=\"noopener\">UAE drones portal<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/159.png\" style=\"\" rel=\"noopener\">notice (pdf)<\/a> on its website. The portal facilitates pilot registration, real-time airspace monitoring, mission planning, post-flight reports, and instant approvals for controlled airspace operations, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/uae-gcaa-not-operating-drone-services?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The website lists three certified training providers, links for commercial and recreational drone use, and usage guidelines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regulatory context:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90387f2a-46a4-419b-aab4-2d3faa00f188\/this-morning:-emirates-nbd-reportedly-eyes-acquisition-of-egypt%25e2%2580%2599s-banque-du-caire-%2B-maf-shutters-carrefour-stores-in-oman\" style=\"\" rel=\"noopener\">Earlier this year<\/a> the UAE partially lifted its drone ban on recreational drone use \u2014 except in Dubai where the Dubai Civil Aviation Authority has jurisdiction \u2014 allowing drones to operate under strict safety conditions. The GCAA later rolled out new regulations on standards for drone service providers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/09d823b1-9a32-464b-ae4c-c89f82555fbf\/this-morning:-what-will-russians-in-the-uae-do-if-the-war-ends%3F-%2B-uae-official-to-seek-more-access-to-us-advanced-tech-next-week\" style=\"\" rel=\"noopener\">in March<\/a>, while cybersecurity guidelines came in <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bjpxls2-uae-cybersecurity-council-develops-national-drone\" style=\"\" rel=\"noopener\">May<\/a>. Abu Dhabi Mobility later introduced the new unified platform for drones in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5dd28e7f-bc36-46ed-b693-90c25f6b43b8\/abu-dhabi-launches-unified-drone-platform-%2B-more-real-estate-developments-and-expansions\" style=\"\" rel=\"noopener\">January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- You can n<\/strong><strong>ow <\/strong><strong>use your Amex card for taxi payments<\/strong>, after American Express Middle East partnered with five Dubai taxi operators to enable card payments for 13k RTA-licensed taxis, <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/banking-finance\/dubai-taxis-now-accept-american-express-payments\" style=\"\" rel=\"noopener\">Arabian Business<\/a> reports. The participating companies are National Taxi, Arabia Taxi, Kabi Taxi, Dubai Taxi, and Metro Taxi, and the payment option will be available to both local and international cardholders.<\/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>It\u2019s somewhat of a mixed bag in the foreign press this morning<\/strong>, with US President Donald Trump\u2019s \u201cbig, beautiful bill\u201d \u2014 which includes a trove of tax cuts, immigration measures, and a phase-out of clean energy subsidies \u2014 still getting plenty of play as the House races to vote ahead of Trump\u2019s Friday deadline. House Speaker Mike Johnson said he expects the vote to take place later today, though many are still unhappy with the USD 3.4 tn deficit it adds to the US\u2019 ballooning debt, while others are concerned about cuts to healthcare programs. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-big-beautiful-bill-live-updates-2025-07-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-02\/gop-resistance-softens-as-trump-presses-house-on-tax-package?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/house-republicans-threaten-to-sink-trumps-megabill-66cd241d?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c13e38c0-90c0-4647-8e2e-520fd923bbd8\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In other US news, the country struck a trade agreement with Vietnam <\/strong>ahead of the resumption of sweeping reciprocal tariffs next week as the 90-day pause expires. Vietnam will drop levies on US products, while a 20% tariff will be placed on Vietnamese exports to the US, with a 40% levy on goods that are transshipped through the country, Trump said in a social media post. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-02\/trump-says-he-made-trade-deal-with-vietnam-details-to-follow?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/07\/02\/trump-trade-vietnam-deal.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/69260592-2c59-4750-a6a9-229fe0f84145\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/trump-says-he-has-struck-trade-deal-with-vietnam-2025-07-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> <strong>)<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO GETTING PLENTY OF ATTENTION- The high-profile Sean Diddy trial has wrapped<\/strong> with the jury finding him guilty of only two of five charges, including a racketeering charge and [redacted] trafficking. He will remain in jail and is set to see a maximum of 10 years in prison. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/litigation\/sean-diddy-combs-jury-resume-deliberations-after-partial-verdict-2025-07-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/music\/2025\/jul\/02\/diddy-trial-verdict-sean-combs\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/69fb4238-7ac6-4cd2-bad5-400416828f1c\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/07\/02\/arts\/sean-combs-diddy-trial-jury\" style=\"\" rel=\"noopener\">NYT<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" 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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/mashreq-to-open-a-branch-in-indias-gift-city-this-year\/\">\r\n                            Mashreq to open a branch in India's GIFT City this year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105178\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/mashreq-to-open-a-branch-in-indias-gift-city-this-year\/1978-jpg-51\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1978.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1978.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105177\" class=\"content-area-description single-story post-105177 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-banking tag-mashreq tag-uae-india-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.23cd2eed-72b1-496f-a010-8a5ac9877abf.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our friends at Mashreq are preparing to open their first branch in India\u2019s Gujarat <\/strong><strong>International Finance Tec-City (GIFT City)<\/strong> \u2014 the Asian country\u2019s equivalent of DIFC and ADGM \u2014 in 4Q 2025, Mashreq India\u2019s CEO Tushar Vikram told EnterpriseAM UAE. The lender just became the first in the UAE to secure in-principle approval to establish an International Financial Services Center Banking Unit (IBU) in the city, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/178.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The bank<\/strong><span style=\"background-color: transparent;\"> <\/span><strong style=\"background-color: transparent;\">is in the final stages of securing a full license<\/strong><span style=\"background-color: transparent;\"> from India\u2019s special economic zones regulator the International Financial Services Centres Authority, after having also secured approvals from the Central Bank of the UAE. It has also already identified a location for the branch and is now recruiting key staff, according to the statement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The branch will offer services<\/strong> including foreign currency loans, trade finance, and treasury and risk management products, the statement added. The branch will benefit from the incentives on offer at the city, which include tax exemptions that will allow the lender to offer competitive financing structures, it said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This would make Mashreq the second Middle Eastern lender in the low-tax zone after Qatar National Bank<\/strong>, joining a growing list of global banks using the hub for cross-border financing and acquisition lending. First Abu Dhabi Bank is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2d70d2c-d156-4b87-baea-ad0a17273bdf\/this-morning:-trump-lands-in-abu-dhabi-today,-with-chip-agreement-and-usd-1.4-tn-in-investments-on-the-cards\" style=\"\" rel=\"noopener\">also eyeing expansion<\/a> there. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq is going big on India: <\/strong>The bank\u2019s post in India is currently their largest offshore hub, housing a quarter of all its international assets, Vikram said. The bank\u2019s India branch raised a USD 150 mn AT1 bond last year to support its growth plans, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is also ramping up investments there:<\/strong> In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a215e435-aa1d-44b4-8096-5504c17bf479\/adia-to-invest-usd-4-5-bn-in-india%25e2%2580%2599s%253cmark%253e-gift%253c%2Fmark%253e-city\" style=\"\" rel=\"noopener\">February 2024<\/a>, the Abu Dhabi Investment Authority received regulatory approval to establish a local subsidiary and launch a USD 4-5 bn fund in GIFT City. In October, the UAE and India also announced a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ce81d8f0-1590-4fd5-ad8f-01b0541f4500\/uae-%2B-india-ink-pact-on-trans-continental-food-trade-route\" style=\"\" rel=\"noopener\">USD 2 bn<\/a> food corridor initiative and agreed to set up joint investment offices in both countries. The two sides were also in talks to raise UAE foreign direct investment in India to USD 100 bn, up from around USD 75 bn in existing commitments. This all comes as the two countries aim to bring bilateral non-oil trade to USD 100 bn by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More Indian firms are pouring investments in the UAE \u2014 and vice versa. <\/strong>This puts Mashreq in a strategic position to \u201cplay on both sides,\u201d Vikram said. Mashreq is the largest AED-clearing bank in India, so the lender plays a big role in facilitating growing trade relations between the countries, he added. The bank is sector-agnostic, but some strategic sectors that are a good fit for Mashreq India include oil and gas, metals and mining, pharma, auto, chemicals, and retail, Vikram said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq is also banking on the growth and expansion of Indian firms and banks. <\/strong>India is the fastest growing country in the world right now, with GDP expected to grow 7% y-o-y in 2025, and this is reflected in the ambitions of local entities, Vikram said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq\u2019s global network is a big part of its success in India:<\/strong> \u201cWe are seeing a lot of interest in India, and we as a bank bring our distribution reach in the Middle East and the GCC to Indian firms and banks,\u201d Vikram said. The bank\u2019s corporate banking and FI businesses have a healthy pipeline for the next quarter, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- The bank is also considering introducing gold leasing sometime this year or next year<\/strong>, he added. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105179\" 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=\"105179\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/dubai-launches-first-time-home-buyer-scheme-with-priority-access-and-mortgage-perks\/\">\r\n                            Dubai launches first-time buyer scheme with priority access and mortgage perks                        <\/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\/07\/03\/dubai-launches-first-time-home-buyer-scheme-with-priority-access-and-mortgage-perks\/\" 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 program is a joint effort between the Dubai Land Department (DLD) and the Economy and Tourism Department.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Who\u2019s eligible? <\/strong><span style=\"background-color: transparent;\">UAE residents aged 18 and above with valid Emirates IDs who have never owned a property in the country can register, with no restrictions based on nationality.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works: <\/strong>Interested buyers can register via the DLD website or the Dubai REST app by submitting their budget, property preferences, and contact details, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/property\/dubai-incentives-property-first-time-buyers?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. Registered users will be matched with developers and banks offering eligible units \u2014 including those priced below AED 5 mn \u2014 along with financing options. Properties can be leased or resold without restriction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s onboard? <\/strong>Participating developers include Emaar, Meraas, Nakheel, Damac, Azizi, Beyond Developments, Binghatti Holding, Danube properties, Dubai Properties, Ellington Properties, Majid Al Futtaim Group, Palma Holding, and Wasl. Meanwhile, our friends at Mashreq, as well as Emirates NBD, Emirates Islamic, Dubai Islamic Bank, and Commercial Bank of Dubai are providing mortgage support. Property platforms including Bayut, Property Finder, and Dubizzle are also involved. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>Dubai officials hope the program will help boost the number of new investors, currently averaging around 10k per month. It's part of a broader strategy to reach <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/08809a4e-19dd-4865-86b0-6f6c5bd02838\/dubai-sets-out-new-strategies,-targets-for%253cmark%253e-real%253c%2Fmark%253e%253cmark%253e-estate%253c%2Fmark%253e,-education,-and-payments\" style=\"\" rel=\"noopener\">AED 1 tn in real estate transactions<\/a> by 2033 and support population growth targets, with Dubai aiming to grow to 5.8 mn residents by 2040.<\/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\/department-of-economy-and-tourism\/\">Department of Economy and Tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-land-department\/\">Dubai Land Department<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105181 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=\"105181\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/105181-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105181\" class=\"content-area-description single-story post-105181 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=\"105182\" 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=\"105182\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/\">\r\n                            UAE sets rules for hybrid eVTOL-helicopter operations                        <\/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\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/\" 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\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/')\">\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\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/\">\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=UAE sets rules for hybrid eVTOL-helicopter operations&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/\">\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\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/&title=UAE sets rules for hybrid eVTOL-helicopter operations\">\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=UAE+sets+rules+for+hybrid+eVTOL-helicopter+operations+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F03%2Fuae-sets-rules-for-hybrid-evtol-helicopter-operations%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\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/25.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105183\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/uae-sets-rules-for-hybrid-evtol-helicopter-operations\/25-jpg-27\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/25.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"25.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/25.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/25.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105182\" class=\"content-area-description single-story post-105182 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-aviation tag-enterpriseam-uae tag-evtol tag-general-civil-aviation-authority tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.47cf4f0f-de72-4c6c-9b1b-6aef8469fb84.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>GCAA <\/strong><strong>approves world's first dual-use air mobility regulations:<\/strong> The General Civil Aviation Authority (GCAA) established the first <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/183.pdf\" style=\"\" rel=\"noopener\">global regulatory framework (pdf)<\/a> allowing electric vertical take-off and landing (eVTOL) aircraft and helicopters to share the same infrastructure, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkhbjp5-gcaa-issues-first-regulatory-framework-for-hybrid\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The GCAA\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e2520f4-35fc-467d-93d0-6b2c272a96c2\/abu-dhabi-cruise-terminal-in-zayed-port-will-see-the-uae%25e2%2580%2599s-first-hybrid-heliport\" style=\"\" rel=\"noopener\">proposed regulations<\/a> for eVTOL infrastructure were expected this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Behind the move: <\/strong><span style=\"background-color: transparent;\">The hybrid model reduces infrastructure costs by eliminating the need for separate eVTOL facilities, and looks to accelerate deployment timelines by using existing helipad networks.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The process: <\/strong>Approved heliport and vertiport operators must contact the GCAA to be certified for hybrid operations and provide a safety assessment, compliance register, and a workflow to implement the necessary changes. The ports will need to be up to specification requirements prior to any application.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is on an eVTOL roll<\/strong>, with Joby Aviation and Dubai\u2019s Roads and Transport Authority completing the region\u2019s first Joby air taxi test flight <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3f81505-aec8-4afc-ae40-057116745b35\/this-morning:-fuel-prices-up-in-july-%2B-joby-aviation-completes-first-air-taxi%253cmark%253e-test%253c%2Fmark%253e%253cmark%253e-flight%253c%2Fmark%253e-in-dubai\" style=\"\" rel=\"noopener\">earlier this week<\/a>. The Abu Dhabi Investment Office, along with Chinese autonomous aerial vehicle firm EHang and Multi Level Group, also tested their passenger eVTOL aircraft <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c871d423-4204-4f84-b2f6-695c0bb428e6\/this-morning:-g7-summit-kicks-off-against-the-backdrop-of-escalating-middle-east-tensions\" style=\"\" rel=\"noopener\">last month<\/a>, and Archer Aviation completed the first test flight for its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6a565b6-4782-4bfc-a388-ce574901a40e\/this-morning:-us-energy-secretary-visits-adnoc-hq,-explores-more-us-uae-cooperation\" style=\"\" rel=\"noopener\">Midnight eVTOL<\/a> aircraft set to launch in Abu Dhabi soon. The GCAA granted design approval for the country\u2019s first hybrid heliport at the Abu Dhabi Cruise Terminal in Zayed Port back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e2520f4-35fc-467d-93d0-6b2c272a96c2\/abu-dhabi-cruise-terminal-in-zayed-port-will-see-the-uae%25e2%2580%2599s-first-hybrid-heliport\" style=\"\" rel=\"noopener\">April<\/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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evtol\/\">eVTOL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/general-civil-aviation-authority\/\">General Civil Aviation Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105184\" 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=\"105184\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/abu-dhabi-and-dubai-take-top-global-spots-in-data-center-growth-rankings\/\">\r\n                            Abu Dhabi and Dubai take top global spots in data center growth rankings                        <\/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\/07\/03\/abu-dhabi-and-dubai-take-top-global-spots-in-data-center-growth-rankings\/\" 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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Wakefield\u2019s <a target=\"_blank\" href=\"https:\/\/cushwake.ae\/en\/thoughtleadership\/abu-dhabi-and-dubai-take-top-global-rankings-in-data-center-growth\" style=\"\" rel=\"noopener\">2025 Global Data Center Market Comparison<\/a>. Rapid infrastructure rollout, competitive infrastructure costs, fast-track approvals, and accelerating demand tied to AI and cloud expansion have put the emirates in the top spots, the report said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">How fast are we talking? <\/strong><span style=\"background-color: transparent;\">While global markets struggle with grid delays, the UAE is accelerating delivery. Dubai\u2019s Electricity and Water Authority connects commercial projects up to 150 kW within five days. Abu Dhabi\u2019s Transco and Taqa are coordinating inter-emirate grid links, with Taqa <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d6166ee8-3690-4d0a-a331-a810ea773f9d\/%253cmark%253etaqa%253c%2Fmark%253e-commits-80%2525-of-planned-capex-by-2030-to-energy-transformation\" rel=\"noopener\">planning<\/a><span style=\"background-color: transparent;\"> USD 10.9 bn in upgrades. A zero-VAT regime for most data center activities also adds to investor appeal.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Anchor tenants are also driving scale: <\/strong>The availability of land, infrastructure, and power is attracting global hyperscalers to the emirate. Microsoft leads a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/04d4976c-6911-4104-a142-38d63750542a\/du-to-build-aed-2-bn-hyperscale-data-center,-with%253cmark%253e-microsoft%253c%2Fmark%253e-as-its-main-tenant\" style=\"\" rel=\"noopener\">USD 540 mn du-developed facility in Dubai<\/a>, while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d9ad766-614b-4147-a0a1-401a806c3fd8\/more-details-on-the-us-uae-mega%253cmark%253e-ai-campus%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">OpenAI and Oracle<\/a> are anchor tenants at Stargate UAE in Abu Dhabi. Other hyperscalers including Amazon Web Services, Alibaba, Equinix, and Khazna are scaling up, while enterprise demand is rising \u2014 with Emirates Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/542ffd68-6f4c-4b5e-8a8d-94876ff3ade6\/mubadala,-silver-lake-take-nyse-listed-endeavor-private\" style=\"\" rel=\"noopener\">relocating its infrastructure<\/a> to a solar-powered site at Mohammed bin Rashid Solar Park.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global partnerships and access also helps ease supply chain woes: <\/strong>Despite global bottlenecks in GPUs, cooling systems, and transformers, Emirati projects are advancing quickly, with several expected online within a year of announcement. Efficient customs and strategic public-private partnerships, like Microsoft\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab8a12c3-4caf-4243-940c-f007b4d33c7a\/%253cmark%253emicrosoft%253c%2Fmark%253e-writes-usd-1.5-bn-ticket-for-g42\" style=\"\" rel=\"noopener\">USD 1.5 bn<\/a> investment in G42, are helping to mitigate the procurement and supply chain delays normally affecting the industry, Cushman &amp; Wakefield said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The UAE and the US reportedly reached an export agreement allowing the UAE to receive <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d9ad766-614b-4147-a0a1-401a806c3fd8\/more-details-on-the-us-uae-mega-ai-campus\" style=\"\" rel=\"noopener\">up to 500k Nvidia chips annually<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>The UAE hosts over 250 MW of live capacity, with an additional 500 MW in development. Abu Dhabi accounts for 40% of that pipeline, including 150 MW set to go live by end-2025. Khazna Data Centers \u2014 valued at USD 5.5 bn \u2014 holds over half of the current market share.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capital inflows are accelerating:<\/strong> The UAE data center market is projected to grow from USD 1.3 bn in 2024 to over USD 3.3 bn by 2030. Notable investments include:<\/p>\n<ul>\n<li>A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44c96927-5ba4-4733-b42d-c16c83034156\/adq-and-ecp-partner-on%253cmark%253e-usd-25-bn%253c%2Fmark%253e-venture-for-us-data-centers\" style=\"\" rel=\"noopener\">USD 25 bn<\/a> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44c96927-5ba4-4733-b42d-c16c83034156\/adq-and-ecp-partner-on%253cmark%253e-usd-25-bn%253c%2Fmark%253e-venture-for-us-data-centers\" style=\"\" rel=\"noopener\">ADQ-Energy Capital Partners platform<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44c96927-5ba4-4733-b42d-c16c83034156\/adq-and-ecp-partner-on%253cmark%253e-usd-25-bn%253c%2Fmark%253e-venture-for-us-data-centers\" style=\"\" rel=\"noopener\"><\/a> targeting data center power;<\/li>\n<li>A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/15281c45-4a21-43a3-b3c6-4f3c8781c388\/big-moves-from-g42-and%253cmark%253e-mgx%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 30 bn<\/a> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/15281c45-4a21-43a3-b3c6-4f3c8781c388\/big-moves-from-g42-and%253cmark%253e-mgx%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">MGX-Microsoft-BlackRock AI infrastructure consortium<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/15281c45-4a21-43a3-b3c6-4f3c8781c388\/big-moves-from-g42-and%253cmark%253e-mgx%253c%2Fmark%253e\" style=\"\" rel=\"noopener\"><\/a> ;<\/li>\n<li><strong>Stargate UAE<\/strong>, a 5 GW G42-led campus backed by OpenAI, Oracle, Nvidia, and Cisco, with 1 GW expected online <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e9721a7-9b81-43d6-8010-2cba5e142991\/g42-to-develop%253cmark%253e-stargate%253c%2Fmark%253e-uae-alongside-us-ai-powerhouses\" style=\"\" rel=\"noopener\">by 2026<\/a>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Khazna is pushing expansion at home: <\/strong>The operator is building three AI-optimized facilities in the UAE \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93acae81-1742-4d34-b853-4512e6a248f9\/uae%253cmark%253e-data%253c%2Fmark%253e-center-infrastructure-gets-a-boost-courtesy-of%253cmark%253e-khazna%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">two 30 MW data centers<\/a> in Mafraq and Masdar City, and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-the-uae%25e2%2580%2599s-largest%253cmark%253e-data%253c%2Fmark%253e-center\" style=\"\" rel=\"noopener\">100 MW site<\/a> in Ajman \u2014 all scheduled for completion by end-2026. Khazna is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4e08f167-15b5-4427-8ab1-5ffb2b15bc3f\/g42%25e2%2580%2599s%253cmark%253e-khazna%253c%2Fmark%253e-partners-up-with-nvidia-to-build-data-centers-in-the-region\" style=\"\" rel=\"noopener\">partnering with Nvidia<\/a> to deploy up to 250 MW of AI clusters across the Middle East and Africa, starting with UAE facilities based on Nvidia\u2019s Blackwell architecture. <\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/data-center\/\">Data center<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/khazna-data-centers\/\">Khazna Data Centers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105186\" 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=\"105186\">\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\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/\">\r\n                            G42 CEO Peng Xiao appointed chairman of Cleveland Clinic Abu Dhabi                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=G42 CEO Peng Xiao appointed chairman of Cleveland Clinic Abu Dhabi&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/\">\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\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/&title=G42 CEO Peng Xiao appointed chairman of Cleveland Clinic Abu Dhabi\">\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=G42+CEO+Peng+Xiao+appointed+chairman+of+Cleveland+Clinic+Abu+Dhabi+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F03%2Fg42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi%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\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/189.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105187\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/g42-ceo-peng-xiao-appointed-chairman-of-cleveland-clinic-abu-dhabi\/189-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/189.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"189.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/189.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/189.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105186\" class=\"content-area-description single-story post-105186 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-abu-dhabi tag-cleveland-clinic-abu-dhabi tag-enterpriseam-uae tag-g42 tag-healthcare tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.21b076a7-e21f-4bda-8233-dda442516400.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M42\u2019s <\/strong><strong>Cleveland <\/strong><strong>Clinic Abu Dhabi has named G42 CEO Peng Xiao (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/reachpeng?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as its new <\/strong><strong>chairman<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.clevelandclinicabudhabi.ae\/en\/media-center\/news\/peng-xiao-appointed-chairman-of-the-board-of-directors-of-ccad\" style=\"\" rel=\"noopener\">press release<\/a>. The appointment aligns with the hospital\u2019s growing integration of AI and precision medicine in its operations, the statement read. Peng\u2019s leadership is expected to accelerate integration of advanced tech to improve complex-care outcomes. Xiao will take over from Hasan Jasem Al Nowais (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hasan-jasem-al-nowais-77a83039\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who is currently group CEO and managing director at M42.<\/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\/cleveland-clinic-abu-dhabi\/\">Cleveland Clinic Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/g42\/\">G42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105188\" 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=\"105188\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/\">\r\n                            Late-stage funding squeeze clouds startup-to-IPO pipeline in the region -Bloomberg                        <\/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\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/\" 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\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/')\">\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\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/\">\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=Late-stage funding squeeze clouds startup-to-IPO pipeline in the region -Bloomberg&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/\">\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\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/&title=Late-stage funding squeeze clouds startup-to-IPO pipeline in the region -Bloomberg\">\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=Late-stage+funding+squeeze+clouds+startup-to-IPO+pipeline+in+the+region+-Bloomberg+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F03%2Flate-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg%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\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105189\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/late-stage-funding-squeeze-clouds-startup-to-ipo-pipeline-in-the-region-bloomberg\/998-jpg-41\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"998.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105188\" class=\"content-area-description single-story post-105188 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-enterpriseam-uae tag-investment tag-startups 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\/7\/.806bd762-6edb-4c90-aabb-bb3906407e4e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scale-up capital lacking in the region<\/strong><strong>:<\/strong> Despite a solid 1Q for venture activity, the Middle East\u2019s startup ecosystem is grappling with a late-stage capital gap, especially at Series B and beyond, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-02\/uae-saudi-arabia-trillion-dollar-pools-of-capital-mask-gulf-vc-paradox\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing data from Magnitt. While sovereign-backed funds like Mubadala Ventures and Dubai Future District Fund support early-stage funding rounds, regional late-stage funding remains thin compared to global markets \u2014 with rare exceptions like Tabby, which raised USD 160 mn in a Series E round <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0cca997-c7f8-4cde-9cbf-e0ec8afaba31\/%253cmark%253etabby%253c%2Fmark%253e-raises-usd-160-mn-in-series-e-round,-valuation-doubles-to-usd-3.3-bn\" style=\"\" rel=\"noopener\">in February<\/a>, more than doubling its valuation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Companies are looking abroad: <\/strong><span style=\"background-color: transparent;\">Property Finder, one of Dubai\u2019s most established startups, had to secure its Series B from Sweden\u2019s VNV Global and later raised a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/00ac6f64-4db0-4918-98a0-9685f822e30e\/property-finder-secures-usd-90-mn-to-buy-out-beco-capital\" rel=\"noopener\">USD 90 mn debt round<\/a><span style=\"background-color: transparent;\"> led by US-based Francisco Partners.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IPO pipeline under pressure: <\/strong>\u201cWhen UAE-founded companies raise abroad, we risk losing not just the funding, but the IP, the jobs, and the eventual listings,\u201d said Emirates Growth Fund Vice Chair and MD Najla Al Midfa, who also stressed the need for local funding for scale-stage firms. Just 6.5% of funded startups in the region have gone public in the last decade, raising concerns over the region\u2019s long-term exit track. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/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=\"105190\" 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=\"105190\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/flydubai-breaks-ground-on-usd-190-mn-mro-hub-in-dubai-south\/\">\r\n                            Flydubai breaks ground on USD 190 mn MRO hub in Dubai South                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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        <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/flydubai-breaks-ground-on-usd-190-mn-mro-hub-in-dubai-south\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2202.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105191\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/flydubai-breaks-ground-on-usd-190-mn-mro-hub-in-dubai-south\/2202-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2202.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2202.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2202.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2202.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105190\" class=\"content-area-description single-story post-105190 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-islamic-bank tag-adnoc tag-air-arabia tag-ajman-bank tag-also-on-our-radar tag-aviation tag-banking tag-construction tag-dhl tag-dubai tag-enterpriseam-uae tag-etihad-airways tag-logistics tag-ma tag-meydan tag-oil-and-gas tag-rakez tag-ras-al-khaimah-economic-zone tag-real-estate tag-sidara tag-space 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\/7\/.fa3d64d7-c573-4437-ba56-77fba6318209.mp3\"><\/audio><\/figure><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>Budget carrier flydubai broke ground on its USD 190 mn aircraft<\/strong><strong> maintenance, <\/strong><strong>repair, and overhaul (MRO) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/62b9be16-13e3-4d81-9168-4b43ebf4918f\/bulgarian-drone-manufacturer-dronamics-to-establish-jv-with-uae%25e2%2580%2599s-sdf-%2B-plans-to-provide-cargo-drones-to-aramex-in-2024.-plus:-more-from-flydubai\" style=\"\" rel=\"noopener\">facility in Dubai South<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/news.flydubai.com\/flydubai-breaks-ground-on-new-aircraft-maintenance-centre-at-dubai-south\" style=\"\" rel=\"noopener\">statement<\/a>. The facility \u2014 scheduled for completion in 4Q 2026 \u2014 will span 32.6k sqm and host an aircraft hangar, support workshops, and office buildings. The facility is set to bring \u201csignificant reductions in operational costs,\u201d COO Mick Hills said. \u201cHaving our own in-country MRO facility will ensure a quicker turnaround of our fleet maintenance while adhering to the highest quality standards,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Part of a larger strategy:<\/strong><span style=\"background-color: transparent;\"> Flydubai has been on a quest to secure catered MRO services for its growing operations in order to cut down on costs and reduce schedule disruptions due to repairs. <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4e756585-aac3-4620-a9d4-bfac501b3265\/%253cmark%253emro%253c%2Fmark%253e-middle-east-sees-the-signing-of-several-aviation-agreements\" rel=\"noopener\">In February<\/a><span style=\"background-color: transparent;\">, the airline inked a services agreement with Boeing that will see the latter provide tailored parts packages, including quick engine change kits for the airline\u2019s 737 Max fleet.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Flydubai secured an agreement with Mohammed bin Rashid Aerospace Hub (MBRAH) in Dubai South to set up the purpose-built MRO facility back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/62b9be16-13e3-4d81-9168-4b43ebf4918f\/bulgarian-drone-manufacturer-dronamics-to-establish-jv-with-uae%25e2%2580%2599s-sdf-%2B-plans-to-provide-cargo-drones-to-aramex-in-2024.-plus:-more-from-flydubai\" style=\"\" rel=\"noopener\">in November<\/a>. MBRAH launched the first phase of its Aerospace Supply Chain zone in Dubai South <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cde0299b-2ffb-4f7b-8792-170fa6c9de79\/%253cmark%253edubai-south%253c%2Fmark%253e-breaks-ground-on-aerospace-supply-chain-zone\" style=\"\" rel=\"noopener\">in April<\/a>, featuring 11 separate facilities tailored to support engine shops, solution workshops, and landing gear MRO services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Air <\/strong><strong>Arabia will launch a daily direct service between Sharjah and Prague starting 20 December<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/press.airarabia.com\/air-arabia-adds-prague-to-its-expanding-european-network\/\" style=\"\" rel=\"noopener\">press release<\/a>. The route connects Sharjah International Airport with V\u00e1clav Havel Airport Prague.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Etihad <\/strong><strong>Airways is expanding its network with three new seasonal routes<\/strong>, with plans to fly to Kazan in Russia from December, Salalah in Oman from next May, and Krakow in Poland from June 2026, according to a <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-airways-expands-global-network-with-new-routes-to-krakow-and-salalah\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<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>Dar tapped as engineer for Paris airport expansion: <\/strong>Sidara-owned Dar will oversee a five-year modernization program at Paris-Beauvais Airport under a contract with project commissioner SPV Bellova, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dar-appointed-as-independent-engineer-to-facilitate-the-modernization-and-expansion-of-paris-beauvais-airport-g1im1njf\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The project will include airside and landside upgrades, parking expansions, building renovations and equipment installations. The engineering firm's French subsidiary, Dar France, will audit designs, monitor construction quality and work on resolving any outstanding issues through to the end of the liability period.<\/p>\n<p class=\"tag-border-left\">M&amp;A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Knowledge <\/strong><strong>Grou<\/strong><strong>p acquires Biz Group: <\/strong>Abu Dhabi\u2019s Knowledge Group, part of Nema Education, has acquired UAE-based Biz Group to scale up regional learning and consulting services, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/199.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The transaction boosts Knowledge Group\u2019s capabilities in digital learning, AI integration, and VR-powered training. No rebranding will take place post-acquisition for business continuity purposes, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biz Group? <\/strong><a target=\"_blank\" href=\"https:\/\/www.learningwithbiz.com\/\" style=\"\" rel=\"noopener\">Biz Group<\/a> has over 30 years of experience providing corporate training to both public and private sector clients, and has worked with firms in the UAE, Saudi Arabia, as well as in the wider MENA region.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reef launches AED 450 mn Dubai residential project:<\/strong> Reef Luxury Developments has launched Reef 998, a AED 450 mn residential project in Dubai Land Residence Complex, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/181.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The 355.7k sq ft development on Hamdan Bin Zayed Road will include 323 residences, along with lifestyle amenities, and is slated for handover in 2Q 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A few AED bn to go: <\/strong>The developer is planning <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d948be30-b5e6-46ce-a41c-f75b1b25b220\/dubai-developers-plan-over-aed-16.7-bn-in-investments\" style=\"\" rel=\"noopener\">to deploy AED 14 bn<\/a> over 30 upcoming projects by this December. The firm already launched its AED 175 mn Reef 1000 project, as well as its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d9688c2f-3cae-4aea-a0e8-3364681489eb\/homegrown-flexible-staffing-solutions-provider-orgam-secures-usd-3-mn-investment-from-tenami-capital\" style=\"\" rel=\"noopener\">AED 300 mn Reef 999<\/a> development in Al Furjan earlier this year.<\/p>\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- ADIB to ease business banking for Rakez tenants:<\/strong> Ras Al Khaimah Economic Zone (Rakez) inked an MoU with Abu Dhabi Islamic Bank (ADIB) to facilitate opening bank accounts for its clients, according to a <a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\/news\/2025\/jul\/rakez-and-adib-sign-strategic-partnership?utm_source=social\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership provides access to business accounts, digital banking solutions, and financing options tailored for SMEs and startups. The bank will offer dedicated support to Rakez clients during account setup and ongoing operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Ajman <\/strong><strong>Bank launched its <\/strong><strong>first in-house point of sale (POS) and payment processing <\/strong><strong>solution for business clients<\/strong>, in partnership with Dubai-based fintech VaultsPay, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/ajman-bank_ajman-bank-has-launched-its-first-ever-pos-activity-7346118379247652865-gjEy?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAECGRDUBHEJxU_12ypcWhtFbUb7ztXVT0mY\" style=\"\" rel=\"noopener\">statement<\/a>. The system offers instant settlement, real-time processing, and fraud protection \u2014 and supports credit, debit, and prepaid card transactions, according to a separate <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ajman-bank-and-vaultspay-partner-to-launch-co-branded-payment-processing-solution-and-instant-settlement-for-business-clients-nuxv0l7l\" style=\"\" rel=\"noopener\">press release<\/a>. VaultsPay, licensed by the Central Bank of the UAE (CBUAE), will provide the back-end infrastructure for the co-branded platform.<\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- C<\/strong><strong>ompanies registered in Meydan Freezone will get preferential shipping ra<\/strong><strong>tes and dedicated assistance for DHL\u2019s services<\/strong> under an agreement with DHL, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/empowering-business-growth-dhl-express-uae-and-meydan-free-zone-announce-strategic-logistics-partnership-uoj0x8c1\" style=\"\" rel=\"noopener\">press release<\/a>. The tie-up looks to boost SME growth, particularly in the e-commerce, manufacturing, healthcare, and retail sectors, by facilitating cross-border trade, faster customs clearance, and automated tracking.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sanad expands Leap engine overhaul capacity with GE and Safran: <\/strong>Mubadala-owned aerospace engineering and leasing solutions firm <a target=\"_blank\" href=\"https:\/\/www.sanad.ae\/\" style=\"\" rel=\"noopener\">Sanad<\/a> will expand its existing maintenance agreement with <a target=\"_blank\" href=\"https:\/\/www.geaerospace.com\/\" style=\"\" rel=\"noopener\">GE Aerospace<\/a> and <a target=\"_blank\" href=\"https:\/\/www.safran-group.com\/group\/profile\/aircraft-propulsion?gad_source=1&amp;gad_campaignid=21279969557&amp;gbraid=0AAAAADilpojpF9XRSdNZpup5h501sODoR&amp;gclid=CjwKCAjwsZPDBhBWEiwADuO6y5euWHMD0d3liQSVyyHeyBiGF4Bm4DFJMJDgHmsJLP0NHa-ugOIQohoCj8AQAvD_BwE\" style=\"\" rel=\"noopener\">Safran Aircraft Engines<\/a> to offer full maintenance, repair and overhaul (MRO) capabilities for LEAP-1A and LEAP-1B engines at its Abu Dhabi facilities, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/179.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The expansion will see Sanad invest in tooling, equipment and infrastructure upgrades, and create 140 new jobs focusing on local talent. <\/p>\n<p class=\"tag-border-left\">OIL AND GAS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spain\u2019s Ampo to provide valves on Adnoc\u2019s USD 3.6 bn Meram:<\/strong> Spain\u2019s <a target=\"_blank\" href=\"https:\/\/www.ampo.com\/\" style=\"\" rel=\"noopener\">Ampo Poyam<\/a><a target=\"_blank\" href=\"https:\/\/www.ampo.com\/\" style=\"\" rel=\"noopener\">Valves<\/a> will supply 116 cryogenic valves for Adnoc\u2019s USD 3.6 bn maximizing ethane recovery and monetization (MERAM) project, with delivery scheduled for this year and the next, Ampo said in a <a target=\"_blank\" href=\"https:\/\/www.ampo.com\/new\/ampo-poyam-valves-will-supply-cryogenic-valves-for-adnocs-strategic-meram-project-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">press release<\/a>. The order includes large-format valves for use in extreme low-temperature conditions at the Habshan 5 gas plant to help extract ethane from natural gas.<\/p>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:14pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>SOUND SMART- <\/strong>A cryogenic valve is specifically engineered to safely operate in low-temperature applications such as liquified natural gas (LNG). <\/p>\n<p class=\"tag-border-left\">SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aspire <\/strong><strong>Space partners with Leap71 on UAE-based launch systems:<\/strong> Luxembourg-founded Aspire Space partnered with Dubai-based engineering firm Leap 71 to develop a large reusable space launch vehicle capable of delivering up to 15 metric tons to low Earth orbit, according to a <a target=\"_blank\" href=\"https:\/\/leap71.com\/2025\/06\/26\/aspire-space-x-leap-71-partnership\/\" style=\"\" rel=\"noopener\">statement<\/a>. The first launch is slated for 2030, with hot-fire testing of the propulsion system set to begin in 3Q 2026. Leap71 will design the propulsion stack using its proprietary AI model Noyron. Aspire is also relocating its core operations to the UAE as part of the agreement. <\/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-islamic-bank\/\">Abu Dhabi Islamic Bank<\/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\/air-arabia\/\">Air Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ajman-bank\/\">Ajman Bank<\/a>\n                <!-- <span 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        <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105192\" 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=\"105192\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/investment-landscape-shaped-by-mega-forces-in-2025-midyear-outlook-blackrock\/\">\r\n                            Investment landscape shaped by \u201cmega forces\u201d in 2025 midyear outlook  -BlackRock                        <\/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\/07\/03\/investment-landscape-shaped-by-mega-forces-in-2025-midyear-outlook-blackrock\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Investment+landscape+shaped+by+%E2%80%9Cmega+forces%E2%80%9D+in+2025+midyear+outlook++-BlackRock+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F03%2Finvestment-landscape-shaped-by-mega-forces-in-2025-midyear-outlook-blackrock%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\/07\/03\/investment-landscape-shaped-by-mega-forces-in-2025-midyear-outlook-blackrock\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1274.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105193\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/investment-landscape-shaped-by-mega-forces-in-2025-midyear-outlook-blackrock\/1274-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1274.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1274.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1274.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1274.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105192\" class=\"content-area-description single-story post-105192 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-blackrock tag-enterpriseam-uae tag-financial-markets 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\/7\/.a8d6d9b0-4748-495a-844a-d2c1c6d2ec27.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment landscape for 2025 is entering a new phase shaped by \u201cmega forces\u201d like <\/strong><strong>AI, the energy transition, and geopolitical fragmentation<\/strong>, according to BlackRock Investment Institute's <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/174.pdf\" style=\"\" rel=\"noopener\">2025 Midyear Global Outlook (pdf)<\/a>. As inflation and fiscal discipline become less reliable, BlackRock advises focusing on regions and sectors most exposed to structural shifts, naming the Middle East, US, and India as key markets to watch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Middle East is a key player in this global transformation:<\/strong> BlackRock highlights Saudi Arabia, the UAE, and Qatar as countries successfully positioning themselves at the intersection of AI, energy, and geopolitics. The region is attracting investment through mega infrastructure projects, green hydrogen plans, and local AI hubs. For example, the Kingdom\u2019s national AI strategy is targeting USD 20 bn in investment by 2030, while Abu Dhabi\u2019s sovereign funds are pouring USD 10 bn into local chip plants and data centers. The UAE is also expanding high-tech freezones, while Qatar is aiming for 50% non-oil GDP by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A tactical approach is driving decisions: <\/strong>With long-term macro anchors weakening, BlackRock remains overweight on US equities, supported by strong earnings and AI momentum, while maintaining a neutral stance on China and Europe. Japan stands out with positive momentum driven by shareholder-friendly reforms and the return of inflation. The firm also sees local currency-denominated emerging market bonds becoming \u201cmore attractive in a whole portfolio context,\u201d according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI is powering US market strength:<\/strong> BlackRock views the evolution of AI happening in three phases \u2014 buildout, adoption, and transformation \u2014 with the current phase focused on infrastructure buildout, which is boosting capital expenditures among major tech firms. Companies tied to semiconductors, power utilities, and data infrastructure are positioned to benefit the most. US technology companies are also leading in earnings growth, reinforcing BlackRock\u2019s overweight position in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infrastructure is at the center of these trends:<\/strong> Infrastructure links many of the key global forces, including supply chain realignment, rising energy demand, and decarbonization. BlackRock sees infrastructure investment as a growing segment of the market that supports long-term capital allocation. In the Middle East, capital is flowing both from sovereigns and global investors into infrastructure, as the region pushes more towards economic diversification. Private infrastructure assets under management have already surpassed USD 1 tn and are projected to exceed USD 2 tn by 2028, with activity led by Europe and North America.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private capital is becoming more important in funding transformation:<\/strong> With governments facing tighter fiscal constraints, private markets are stepping in to fill the funding gap for infrastructure, AI, and energy transition projects. BlackRock sees this not as a temporary fix, but a structural shift in how capital is raised. Companies are staying private longer, increasingly relying on private credit and equity instead of going public. The average age of firms at IPO has nearly doubled over the past two decades.<\/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 broadly trading in the red this morning<\/strong>, with South Korea\u2019s Kospi index bucking the trend to trade up around 0.6%. Investors are looking at another day of mixed signals, as US President Donald Trump announced a trade agreement with Vietnam yesterday, but the 90-day pause on reciprocal tariffs for several US trade partners is due to expire next Wednesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Wall Street futures are trading flat<\/strong>, suggesting the S&P 500, Dow Jones, and Nasdaq are due for a muted open later today. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\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\">9,920<\/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: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,669<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,678<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +12.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,130<\/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: -7.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">32,821<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +10.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,227<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +5.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,775<\/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: +7.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,319<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +8.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 68.89<\/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 <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.50<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,358<\/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>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 109,193<\/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\">+3.2% (YTD: +15.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.59<\/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: +0.7%)<\/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>S&P MENA bond & sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">145.93<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +4.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">16.64<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: -4.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.4% yesterday<\/strong> on turnover of AED 674.7 mn. The index is up 10.0% 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>National Cement Company (+12.7%), Al Mazaya Holding Company (+10.5%) and Orascom Construction (+10.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Al Mal Capital REIT (-10.0%), National Industries Group Holding (-9.7%) and Dubai National Ins. and Reinsurance PJSC (-8.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index fell 0.1% on turnover of AED 1.1 bn. Meanwhile, Nasdaq Dubai was down 0.2%.<\/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\/blackrock\/\">BlackRock<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105194\" 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=\"105194\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/uae-india-eye-metals-steel-cooperation\/\">\r\n                            UAE, India eye expanding metal industry ties                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/uae-india-eye-metals-steel-cooperation\/\" 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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Kumaraswamy met UAE\u2019s Economy Minister Abdulla Bin Touq Al Marri and Ras Al Khaimah Ruler Saqr Al Qasimi to discuss expanding trade and collaboration in the metals industry, according to an Indian government <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2141264\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2141264\" style=\"\" rel=\"noopener\">statement<\/a> and an <a target=\"_blank\" href=\"https:\/\/x.com\/cgidubai\/status\/1939731487919632878\" style=\"\" rel=\"noopener\">X pos<\/a><a target=\"_blank\" href=\"https:\/\/x.com\/cgidubai\/status\/1939731487919632878\" style=\"\" rel=\"noopener\">t<\/a>. Kumaraswamy proposed joint development of high-grade steel and aluminum with the support of UAE\u2019s clean energy ecosystem, advanced infrastructure, and strategic trade location. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">IN CONTEXT- <\/strong><strong style=\"background-color: transparent;\">India has a target to produce 300 mn tons of steel by 203<\/strong><strong style=\"background-color: transparent;\">0<\/strong><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Indian public sector entities such as Steel Authority of India Limited (SAIL), NMDC, and Metallurgical &amp; Engineering Consultants (MECON) recently set up offices in Dubai to boost cooperation. SAIL is exploring long-term supply agreements to provide Indian steel to the UAE market, while MECON is looking to tap into oil and gas, steel plants, and infrastructure projects in the Gulf. NMDC, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/731d817e-9a9d-4711-ba6f-c90eb12c2d51\/first-private-developer-select-enters-palm-jebel-ali-%2B-gems-launches-school-in-a-box-venture\" style=\"\" rel=\"noopener\">launched a local office<\/a> earlier this week is looking to develop mining supply chains with UAE companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, Greece discuss expanding cooperation in tech, energy, and AI: <\/strong>President Sheikh Mohamed bin Zayed Al Nahyan and Greek Prime Minister Kyriakos Mitsotakis held a phone call to discuss advancing bilateral cooperation, focusing on economic cooperation, AI, renewable energy, food security, and sustainability, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkhbjux-uae-president-greek-prime-minister-discuss\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/steel\/\">Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-greece-relations\/\">UAE-Greece relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105196\" 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\/07\/03\/105196-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105196\" class=\"content-area-description single-story post-105196 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;\">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>10-11 September (Wednesday-Thursday): Mena <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/pppmenaforum.com\/\" style=\"\">Public-Private Partnership Forum<\/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>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 October (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/familyofficesummit.ae\/dubai\/\" style=\"\">Family Office Summit<\/a><\/span><span style=\"font-weight:400;\">, Park Hyatt, Dubai.<\/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>11-17 November (Tuesday-Monday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubai2025.icom.museum\/programme\" style=\"\">International Council of Museums (ICOM) General Conference<\/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>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>29-30 December (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bkfj93s-dubai-host-world-sports-summit-december\" style=\"\">World Sports Summit<\/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;\">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 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;\">Signposted to happen sometime in 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">1 January: Client asset regime changes in Dubai International Financial Center take effect. <\/span><\/li>\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 style=\"font-weight:400;\">, 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;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai.<\/span><\/li>\n<li><span style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Steel cooperation with India. First-time home buyer scheme in Dubai. eVTOL infrastructure regs are out. PE firms eye Abu Dhabi.<\/p>\n","protected":false},"featured_media":105173,"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-105172","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"43d2bfed-1c90-40ed-978b-ed1f4fd34019","teaser":"Plus: Steel cooperation with India. First-time home buyer scheme in Dubai. eVTOL infrastructure regs are out. 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