{"id":105315,"date":"2025-07-08T00:00:00","date_gmt":"2025-07-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=105315"},"modified":"2025-12-15T04:16:41","modified_gmt":"2025-12-15T04:16:41","slug":"rakbank-issues-at1-bonds-plus-emirates-driving-acquires-stake-in-mwasalat","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/rakbank-issues-at1-bonds-plus-emirates-driving-acquires-stake-in-mwasalat\/","title":{"rendered":"Rakbank issues AT1 bonds. PLUS: Emirates Driving acquires stake in Mwasalat"},"content":{"rendered":"<section id=\"105317\" 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=\"105317\">\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\/08\/this-morning-uae-rescues-22-people-aboard-a-commercial-vessel-hit-by-houthi-attacks-in-the-red-sea\/\">\r\n                            THIS MORNING: UAE rescues 22 people aboard a commercial vessel hit by Houthi attacks in the Red Sea                        <\/a>\r\n           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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105318\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/this-morning-uae-rescues-22-people-aboard-a-commercial-vessel-hit-by-houthi-attacks-in-the-red-sea\/1309-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1309.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105317\" class=\"content-area-description single-story post-105317 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adx tag-artificial-intelligence tag-debt tag-dfm tag-donald-trump tag-education tag-enterpriseam-uae tag-oil-and-gas tag-opec tag-opec-2 tag-startups tag-trade tag-us-uae-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\/.2bef22cc-ea17-40c8-ba88-6b152ab07d6a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We have a busy issue for you this morning, led by a slew of debt and M&A news.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">We have a new <strong>AT1 issuance<\/strong>, courtesy of the <strong>National Bank of Ras Al Khaimah<\/strong>, and another <strong>sustainable financing facility<\/strong> from our friends at <strong>Mashreq<\/strong>, this time for <strong>Arabian Gulf Steel Industries<\/strong>. <strong>Plus:<\/strong> <strong>Emirates Driving<\/strong> acquires a stake in <strong>Mwasalat<\/strong>, and <strong>Cond\u00e9 Nast<\/strong> brings <strong>Wired Middle East<\/strong> under its wing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>ALSO- Twenty-two people onboard a commercial vessel have been rescued by an AD <\/strong><strong>Ports-operated ship following a distress call<\/strong>, after it came under attack by the Houthis in the Red Sea, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkkaqcs-uae-rescues-crew-british-ship-attacked-red-sea\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The vessel \u2014 Magic Seas \u2014 was attacked by gunfire, rockets, and explosive-laden remote-controlled boats, and the Houthis claimed it had sunk following the attack, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/ship-risk-sinking-after-first-houthi-red-sea-attack-this-year-2025-07-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The incident marks the end of a period of calm<\/strong> following a series of Houthi attacks that had disrupted shipping last year, with this being the first known attack this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER<\/strong><strong>-<\/strong> <strong>Dubai <\/strong>will see a high of 40\u00b0C, cooling to 31\u00b0C overnight. In <strong>Abu Dhabi<\/strong>, the mercury will reach 35\u00b0C before cooling to 30\u00b0C after dark. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- The UAE and other Brics countries are working to forge a new intra-Brics tourism <\/strong><strong>agreement<\/strong>, UAE\u2019s Deputy Sherpa to Brics Khamis Al Shemaili told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/140005\/2025\/07\/07\/%D9%86%D8%A7%D8%A6%D8%A8-%D8%B4%D9%8A%D8%B1%D8%A8%D8%A7-%D8%AF%D9%88%D9%84%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%AF%D9%89-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-BRICS-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AD%D8%B1%D8%B5%D8%AA-%D8%B9%D9%84%D9%89-%D8%A5%D8%AF%D8%B1%D8%A7%D8%AC-%D9%85%D9%84%D9%81-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%A7%D9%84%D8%A8%D9%8A%D9%86%D9%8A%D8%A9-%D8%A8%D9%8A%D9%86-%D8%AF%D9%88%D9%84-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-BRICS-\" style=\"\" rel=\"noopener\">watch, runtime: 01:52<\/a>). The relevant authorities across member states will convene soon to lay the groundwork for a multilateral framework. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brics economies are expected to heavily influence global growth over the next 25 years<\/strong>, Foreign Trade Minister Thani Al Zeyoudi told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/139970\/2025\/06\/07\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A9-%D9%84%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA:-%D8%AF%D9%88%D9%84-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A8%D8%B1%D9%8A%D9%83%D8%B3-%D9%85%D9%86-%D8%A7%D9%84%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D9%84%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D8%A7%D8%B4%D8%A6%D8%A9\" style=\"\" rel=\"noopener\">watch, runtime: 03:19<\/a>). The UAE\u2019s non-oil trade with Brics now makes up 30% of its total, and a comprehensive economic partnership agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/60c104fb-5036-4ed3-b4b0-3c40bc0e4b0c\/this-morning:-amman-stock-exchange-joins-tabadul-%2B-uae-mercosur-trade-agreement-in-2025%3F\" style=\"\" rel=\"noopener\">with Mercosur<\/a> is set to be finalized within two months, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>UAE <\/strong><strong>launches new AI-driven federal planning cycle: <\/strong>The UAE kicked off a new strategic planning cycle for federal entities that shortens timelines and embeds artificial intelligence in decision-making, Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum announced in a <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/1941785116252025299\" style=\"\" rel=\"noopener\">post on X<\/a> that was picked up by <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkjpaf5-mohammed-bin-rashid-launches-new-strategic\" style=\"\" rel=\"noopener\">Wam<\/a>. The three-year cycle replaces the traditional five-year model and is designed to help ministries and agencies respond faster to global volatility. The new cycle involves 38 federal entities and prioritizes integrated planning across strategy, finance, and innovation teams.<\/p>\n<p class=\"tag-border-left\">UPDATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have more details on Terex\u2019s cross-border investment <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61b266cb-3e60-4e57-b102-24f18867ec9c\/terex-ventures-and-tokyo-ai-to-invest-usd-200-mn-in-the-ai-sectors-across-the-uae,-japan,-and-india\" style=\"\" rel=\"noopener\">initiative<\/a><\/strong><strong>: <\/strong>UAE startups will take part in Terex Ventures\u2019 USD 200 mn investment initiative to link investors with growth-stage AI firms, Terex CEO Priyanka Madnani told EnterpriseAM. Over 100 startups from the UAE, India, and Japan have expressed interest so far. These companies span a broad range of sectors including deeptech, generative AI, fintech, healthtech, fashion tech, and AI-powered enterprise solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who will fund these investments?<\/strong> The initiative will be funded in partnership with multiple stakeholders across the three countries. Strategic limited partners (LPs) include family offices, institutional investors, and high-net-worth individuals (HNWIs).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> \u201cThe first round of capital deployment is slated for 4Q 2025, with investments rolled out in tranches over a 36-month cycle,\u201d Madnani said. While the current geographic focus remains on the UAE, India, and Japan, Terex is also exploring expansion into Southeast Asia (Singapore, Indonesia) and Europe (Germany, Nordic countries) in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The initiative aims to help Indian and UAE startups entering the Japanese market <\/strong>through regulatory and compliance support, localization services, market mentoring and distribution access, and partnerships with Japanese firms, Madani told us. Terex Ventures is cooperating with an AI community in Japan, Tokyo AI, to share resources as part of the initiative and support the startup ecosystem across the UAE, India, and Japan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>ADX <\/strong><strong>sees increased activity in 1H 2025: <\/strong>The Abu Dhabi Securities Exchange (ADX) saw total trading value rise 33.5% y-o-y to AED 179.5 bn, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkkapn1-adx-sees-995-surge-foreign-net-investment\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Average daily trading value increased to AED 1.5 bn, up from AED 1.1 bn in 1H 2024. The exchange also saw foreign net investment reach AED 13.6 bn in 1H 2025, up 99.5% y-o-y, <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This follows a strong 1Q for foreign investment for the index<\/strong>, which saw net foreign inflows <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/56de2e55-5690-4747-b2aa-c3b10293b09d\/foreign-inflows-into-adx-hit-a-four-year-high-in-1q\" style=\"\" rel=\"noopener\">climb 151% y-o-y<\/a> in the first quarter of 2025 to reach AED 8.5 bn. Foreigners made up 42% of market activity during the period, with the uptick coming on the back of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90dc9423-f7d1-4126-972b-150b5162c5ef\/adx-launches-new-market-infrastructure-with-two-clearance-and-depository-subsidiaries\" style=\"\" rel=\"noopener\">modernization measures in Februar<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90dc9423-f7d1-4126-972b-150b5162c5ef\/adx-launches-new-market-infrastructure-with-two-clearance-and-depository-subsidiaries\" style=\"\" rel=\"noopener\">y<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90dc9423-f7d1-4126-972b-150b5162c5ef\/adx-launches-new-market-infrastructure-with-two-clearance-and-depository-subsidiaries\" style=\"\" rel=\"noopener\"><\/a> with the ADX improving the way trades are cleared, settled, and stored on the exchange. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite a sell-off in April that hit most indices following the announcement of the US\u2019 <\/strong><strong>tariff program<\/strong>, trading rebounded later in 2Q 2025 and is currently up 6.2% YTD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Fines for late contributions for GCC workers incoming: <\/strong>The General Pension and Social Security Authority (GPSSA) will start penalizing employers who delay contributions for employees who are GCC nationals under the unified protection extension system, effective from the start of this month, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkkapk6-gpssa-enforces-late-payment-penalties-gcc\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Contributions for the previous month\u2019s obligations must be paid between the first and 15th of each month. Payments received after this timeframe will be subject to a 0.1% daily penalty.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirati students looking to study abroad will have new restrictions: <\/strong>The Higher Education Ministry implemented new standards for Emirati students enrolling in foreign universities, according to a <a target=\"_blank\" href=\"https:\/\/www.mohesr.gov.ae\/En\/MediaCenter\/News\/Pages\/The-Education,-Human-Development-and-Community-Development-Council-Approves-Standards-Development-for-UAE-Nationals-Studyin.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. Institutions must rank among the top 50 globally in the student's chosen field, regardless of location.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For US and Australian universities<\/strong>, institutions must rank in the top 100 both in the field of study and overall. Students planning to attend a university in other English-speaking countries will need to pick one in the top 200 rankings in both categories, while those in non-English-speaking countries must rank in the top 300. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Mal Capital REIT\u2019s<\/strong><strong> follow-on <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/16befd33-ebf0-41cc-85cd-606f733f2ccc\/%252525253cmark%252525253e%25252525d8%25252525a7%25252525d9%2525252584%25252525d9%2525252585%25252525d8%25252525a7%25252525d9%2525252584-%25252525d9%2525252583%25252525d8%25252525a7%25252525d8%25252525a8%25252525d9%252525258a%25252525d8%25252525aa%25252525d8%25252525a7%25252525d9%2525252584-%25252525d8%25252525b1%25252525d9%252525258a%25252525d8%25252525aa%252525253c%2525252Fmark%252525253e-%25252525d9%252525258a%25252525d9%2525252582%25252525d8%25252525b1-%25252525d8%25252525b2%25252525d9%252525258a%25252525d8%25252525a7%25252525d8%25252525af%25252525d8%25252525a9-%25252525d8%25252525b1%25252525d8%25252525a3%25252525d8%25252525b3-%25252525d9%2525252585%25252525d8%25252525a7%25252525d9%2525252584%25252525d9%2525252587-%25252525d8%25252525a8%25252525d9%2525252582%25252525d9%252525258a%25252525d9%2525252585%25252525d8%25252525a9-%25252525d8%25252525aa%25252525d8%25252525b5%25252525d9%2525252584-%25252525d8%25252525a5%25252525d9%2525252584%25252525d9%2525252589-300-%25252525d9%2525252585%25252525d9%2525252584%25252525d9%252525258a%25252525d9%2525252588%25252525d9%2525252586-%25252525d8%25252525af%25252525d8%25252525b1%25252525d9%2525252587%25252525d9%2525252585\" style=\"\" rel=\"noopener\">public offering<\/a><\/strong><strong> on the DFM began subscriptio<\/strong><strong>ns yesterday<\/strong>, aiming to raise up to AED 242 mn by selling up to 220 mn new units priced at AED 1.125 each, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/380.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The offering is open to retail and institutional investors across the UAE and GCC and runs through till 25 July. The offering includes a green shoe option, which could see an additional 20 mn units offered if demand is high.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>Unit holders on record as of 26 June will receive priority allocation, while new investors are assured at least 2k units each, subject to availability. The new units are set to be allocated between 1-8 August, with trading expected to begin between 8-15 August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The REIT first announced the capital raise <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/16befd33-ebf0-41cc-85cd-606f733f2ccc\/%252525253cmark%252525253e%25252525d8%25252525a7%25252525d9%2525252584%25252525d9%2525252585%25252525d8%25252525a7%25252525d9%2525252584-%25252525d9%2525252583%25252525d8%25252525a7%25252525d8%25252525a8%25252525d9%252525258a%25252525d8%25252525aa%25252525d8%25252525a7%25252525d9%2525252584-%25252525d8%25252525b1%25252525d9%252525258a%25252525d8%25252525aa%252525253c%2525252Fmark%252525253e-%25252525d9%252525258a%25252525d9%2525252582%25252525d8%25252525b1-%25252525d8%25252525b2%25252525d9%252525258a%25252525d8%25252525a7%25252525d8%25252525af%25252525d8%25252525a9-%25252525d8%25252525b1%25252525d8%25252525a3%25252525d8%25252525b3-%25252525d9%2525252585%25252525d8%25252525a7%25252525d9%2525252584%25252525d9%2525252587-%25252525d8%25252525a8%25252525d9%2525252582%25252525d9%252525258a%25252525d9%2525252585%25252525d8%25252525a9-%25252525d8%25252525aa%25252525d8%25252525b5%25252525d9%2525252584-%25252525d8%25252525a5%25252525d9%2525252584%25252525d9%2525252589-300-%25252525d9%2525252585%25252525d9%2525252584%25252525d9%252525258a%25252525d9%2525252588%25252525d9%2525252586-%25252525d8%25252525af%25252525d8%25252525b1%25252525d9%2525252587%25252525d9%2525252585\" style=\"\" rel=\"noopener\">in May<\/a>, with plans to issue up to 300 mn units. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab175854-28fb-4ac4-8f3f-6887db1fcdba\/%253cmark%253eal-mal-capital%253c%2Fmark%253e-reit-to-kick-off-220-mn-capital-hike-in-july\" style=\"\" rel=\"noopener\">Last month<\/a>, it confirmed it would offer 200 mn units at AED 1.10 to raise AED 220 mn, boosting its capital to AED 713.9 mn from AED 513.2 mn, without the green shoe option. Proceeds will go toward acquiring income-generating assets in the healthcare, education, and industrial sectors, the statement said.<\/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>Most of the attention has returned to the revival of US President Donald Trump\u2019s tra<\/strong><strong>de war<\/strong>, as the US began sending countries letters, including Japan and South Korea \u2014 two of the US\u2019 biggest trade partners \u2014 with their reciprocal tariffs, with the two Asian countries getting hit with a 25% tariff as of 1 August. Others like Kazakhstan, Myanmar, and Laos were slapped with a 40% tariff. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The letters reportedly hinted at the potential for trade talks to resume<\/strong>, possibly even beyond the 1 August deadline, but also threatened a tariff hike in case tariffs are raised on US exports. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/eus-von-der-leyen-had-good-exchange-with-trump-over-phone-commission-says-2025-07-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/eus-von-der-leyen-had-good-exchange-with-trump-over-phone-commission-says-2025-07-07\/\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/613678ac-2e61-436b-9d0f-2a8f85a20dee\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/07\/07\/economy\/trump-letters-tariffs\" style=\"\" rel=\"noopener\">CNN<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Trump<\/strong> <strong>threatens 10% tariff on Brics-aligned nations: <\/strong>Trump said that countries aligned with the \u201canti-American policies of Brics\u201d will face an extra 10% in tariffs with \u201cno exceptions\u201d in a <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/114809574296066307\" style=\"\" rel=\"noopener\">post on Truth Social<\/a>. The warning followed a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/401.pdf\" style=\"\" rel=\"noopener\">joint statemen<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/401.pdf\" style=\"\" rel=\"noopener\">t (<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/401.pdf\" style=\"\" rel=\"noopener\">pdf)<\/a> by Brics leaders criticizing tariff hikes, deeming them a threat to global trade and inconsistent with World Trade Organization regulations. A source familiar with the matter later downplayed the threat, saying it\u2019s not a blanket threat against Brics nations, but on any of the countries agreeing policies deemed \u201canti-American.\u201d (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/leaders-growing-brics-group-gather-rio-summit-2025-07-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Israeli Prime Minister Benjamin Netanyahu was hosted by Trump <\/strong>at the White House, with talks focusing on the potential ceasefire Trump hinted could be reached this week. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/netanyahu-meet-trump-white-house-israel-hamas-discuss-ceasefire-2025-07-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The death toll from the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/29f0c837-99c9-4a5c-a51e-caee02773f9d\/this-morning:-brookfield-eyes-palm-hotel-+-no-golden-visas-for-crypto-investors\" style=\"\" rel=\"noopener\">floods in Texas<\/a><\/strong><strong> \u2014 now deemed one of the deadliest in the country\u2019s history \u2014 has exceeded 100<\/strong> as search efforts continue. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/live\/2025\/jul\/07\/texas-floods-rescue-teams-search-missing-more-heavy-rains-forecast-latest-news-updates\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/us-news\/climate-environment\/texas-braces-for-more-flash-floods-as-rescuers-search-for-survivors-a144ad31?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/07\/07\/us\/texas-floods\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman Sachs expects eight Opec+ members to increase oil production quotas by 550k <\/strong><strong>bbl \/ d in September<\/strong>, completing the reversal of the 2.2 mn bbl \/ d voluntary cuts, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/goldman-sachs-expects-opec-members-increase-oil-production-by-550000-bpd-2025-07-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a note from the bank. The move would bring the group\u2019s production to some 33 mn bbl \/ d by September, and would follow the group\u2019s decision to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/29f0c837-99c9-4a5c-a51e-caee02773f9d\/this-morning:-brookfield-eyes-palm-hotel-%2B-no-golden-visas-for-crypto-investors\" style=\"\" rel=\"noopener\">raise production by 548k barrels per day<\/a> in August. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bank kept its Brent crude forecast unchanged at USD 59 a barrel for 4Q this year and <\/strong><strong>USD 56\/bbl for next year. <\/strong>The forecast reflects a balancing act between lower-than-expected supply from producers like Russia and shrinking spare capacity \u2014 both supportive of prices \u2014 against downside pressures from a potential rollback of the 1.65 mn bbl \/ d Opec+ post-pandemic cuts and a 30% probability of a US recession. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman also flagged upside risks to demand<\/strong>, projecting global oil consumption to increase by 600k bbl \/ d this year and by 1 mn bbl \/ d next year. Key drivers include strong demand from China, sustained global economic momentum, and further depreciation of the greenback. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- 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\r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105320\" 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=\"105320\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/rakbank-raises-usd-300-mn-via-at1-issuance\/\">\r\n                            Rakbank raises USD 300 mn via AT1 issuance                        <\/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\" 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/rakbank-raises-usd-300-mn-via-at1-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1338.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105321\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/rakbank-raises-usd-300-mn-via-at1-issuance\/1338-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1338.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1338.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1338.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1338.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105320\" class=\"content-area-description single-story post-105320 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-enterpriseam-uae tag-national-bank-of-ras-al-khaimah tag-rakbank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.5d0364f7-8d82-43bc-b75b-e3ea0aedebbd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Rakbank<\/strong><strong> closes int\u2019l AT1 debt sale: <\/strong>ADX-listed and state-owned National Bank of Ras Al Khaimah (Rakbank) raised USD 300 mn through its debut additional tier one (AT1) capital issuance, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/rakbank-has-successfully-completed-its-first-additional-tier-1-at1-security-issuance-raising-300mln-vj75l0ii\" style=\"\" rel=\"noopener\">press release<\/a>. Strong investor demand allowed the bank to tighten the note\u2019s initial pricing by 37.5 bps, signaling solid investor confidence in its credit profile and outlook. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the bond:<\/strong> The perpetual notes, which are expected to qualify as part of its regulatory capital base, carry a 6.625% coupon and a six-year non-call period. The lender is rated <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/banks\/fitch-affirms-national-bank-of-ras-al-khaimah-at-bbb-stable-upgrades-vr-to-bbb-12-03-2025\" style=\"\" rel=\"noopener\">BBB+ with a stable outlook<\/a> by Fitch Ratings. The advisors on the issuance have yet to be made public. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>OUND SMART- <\/strong>AT1 bonds are a common way for banks to raise core tier-one capital without diluting shareholders by issuing new equity. Additional tier one certificates (or \"AT1 certificates\") are a type of subordinated debt, meaning they rank below other types of bank debt in the event of liquidation. This makes them riskier than senior debt, but still gives them priority over equity holders. AT1 certificates are \u201cperpetual,\u201d having no fixed maturity date. They pay interest similarly to bonds, but can often be converted into equity under certain conditions, which is why they are often referred to as CoCos, short for \u201ccontingent convertibles,\u201d in the industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proceeds will be used to shore up its capital buffers<\/strong>, support its lending activity, and fund the firm\u2019s growth plans. They will also help boost Rakbank\u2019s competitive position across its banking segments, the release read. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rakbank laid the groundwork for the issuance earlier this year. <\/strong>Shareholders approved regulatory capital instruments <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3820a32-c3bd-4d45-a900-3ab18875624f\/this-morning:-tabreed-eyes-multiply%25e2%2580%2599s-district-cooling-arm-%2B-goodbye,-bento\" style=\"\" rel=\"noopener\">back in March<\/a>, including up to USD 500 mn in AT1 and USD 300 mn in Tier 2 securities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many UAE banks have been improving their capital buffers:<\/strong> Our friends at Mashreq <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e9aaf172-8e96-4648-9d5d-0f441717bdb0\/mashreq%25e2%2580%2599s-usd-500-mn-bond-sale-meets-heavy-demand,-allows-lender-to-lock-in-the-lowest-coupon-by-a-uae-bank-in-past-three-years\" style=\"\" rel=\"noopener\">raised<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e9aaf172-8e96-4648-9d5d-0f441717bdb0\/mashreq%25e2%2580%2599s-usd-500-mn-bond-sale-meets-heavy-demand,-allows-lender-to-lock-in-the-lowest-coupon-by-a-uae-bank-in-past-three-years\" style=\"\" rel=\"noopener\">USD 500 mn<\/a> in AT1 bonds last year, followed by the National Bank of Fujairah, which raised <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc04d197-f1fa-4140-9b2d-573dd91e6def\/national-bank-of-fujairah-issues-usd-275-mn%253cmark%253e-at1%253c%2Fmark%253e-bonds\" style=\"\" rel=\"noopener\">USD 275 mn in AT1 bonds<\/a>, and Dubai Islamic Bank, which also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8809e604-4c8f-4e67-abb7-bc930e56b646\/dib-raises-usd-500-mn-in%253cmark%253e-at1%253c%2Fmark%253e-sukuk-issuance,-secures-lowest-reset-rate-for-an%253cmark%253e-at1%253c%2Fmark%253e-issuance-since-2009\" style=\"\" rel=\"noopener\">raised USD 500 mn through an AT1 sukuk issuance<\/a>. This year, Emirates NBD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54231ae0-9b41-4acd-b067-e5d12177f43d\/uae-banks-ramp-up-debt-issuances\" style=\"\" rel=\"noopener\">raised<\/a> USD 1 bn in AT1 bonds and <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market r<\/strong><strong>eax<\/strong><strong>:<\/strong> Rakbank\u2019s stock gained 2.6% to close at AED 7.2 apiece.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-bank-of-ras-al-khaimah\/\">National Bank of Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105322\" 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=\"105322\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/\">\r\n                            Mashreq extends sustainability-linked loan to Arabian Gulf Steel                        <\/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\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/\" 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\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/')\">\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\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/\">\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=Mashreq extends sustainability-linked loan to Arabian Gulf Steel&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/\">\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\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/&title=Mashreq extends sustainability-linked loan to Arabian Gulf Steel\">\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=Mashreq+extends+sustainability-linked+loan+to+Arabian+Gulf+Steel+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F08%2Fmashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel%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\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105323\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/mashreq-extends-sustainability-linked-loan-to-arabian-gulf-steel\/2659-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2659.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105322\" class=\"content-area-description single-story post-105322 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseam-uae tag-mashreq tag-steel tag-sustainability 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\/.06fe532f-f77e-4f2a-b886-8d7818819019.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our frie<\/strong><strong>nds at Mashreq added another notch to their sustainable financing <\/strong><strong>belt with a AED <\/strong><strong>126 mn sustainable financing facility <\/strong>to low-emission steel manufacturer <a target=\"_blank\" href=\"https:\/\/agsi.ae\/?gad_source=1&gad_campaignid=22434081726&gbraid=0AAAAA_RxeFt0G7CEkTFctxYHF5y6MHZUX&gclid=CjwKCAjw4K3DBhBqEiwAYtG_9OiCKhYjPyfHTT_zAqfb6N9KUHZc_mHZI2eOnvYltr6dsY5dg8lERxoCN_8QAvD_BwE\" style=\"\" rel=\"noopener\">Arabian Gulf Steel Industries (AGSI)<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mashreq-announces-aed-126mln-sustainable-financing-facility-for-one-of-the-uaes-leading-sustainable-steel-producers-arabian-gulf-steel-industries-ltw87r0u\" style=\"\" rel=\"noopener\">press release<\/a>. The move falls under Mashreq\u2019s wider push to mobilize USD 30 bn in sustainable financing by 2030 and marks the bank\u2019s third loan of its kind in less than a month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> \u201cSteelmaking remains one of the most resource-intensive industries globally, and AGSI is among the first in the UAE to secure a green facility that directly supports its decarbonization efforts,\u201d Faisal Alshimmari, head of ESG at Mashreq, said, adding that the transaction reflects a broader shift across the region\u2019s industrial sector, where companies are increasingly using finance as a strategic lever to hit sustainability targets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds:<\/strong> The Abu Dhabi-based steelmaker will use the capital to further decarbonize its operations and fast-track its rollout of green tech, with the aim of cutting emissions and costs in line with its plans to ramp up green steel production over the next five years. The company plans to produce 5 mn tonnes of green steel by 2030 and aims to cut emissions by 90% compared to traditional steelmaking, the release said, adding that the steel industry currently accounts for 7% of total global carbon emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The leading lender also inked a hybrid sustainability-linked facility with automotive firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f096278-84a3-463a-937f-4aaf6a0b4786\/gargash-lands-one-of-auto-sector%25e2%2580%2599s-largest-sustainability-linked-facilities-from%253cmark%253e-mashreq%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Gargash Group<\/a> earlier last week, estimated to be one of the largest in the automotive sector, after extending a green loan to UAE conglomerate <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/41ee719b-e687-4f26-bfb4-48c1e3d1ac9a\/%25253cmark%25253e%2525d8%2525a7%2525d9%252584%2525d9%252585%2525d8%2525b4%2525d8%2525b1%2525d9%252582%25253c%252Fmark%25253e-%2525d9%25258a%2525d8%2525b3%2525d9%252587%2525d9%252584-%2525d8%2525a3%2525d9%252588%2525d9%252584-%2525d8%2525aa%2525d9%252585%2525d9%252588%2525d9%25258a%2525d9%252584-%2525d8%2525a7%2525d8%2525b3%2525d8%2525aa%2525d8%2525af%2525d8%2525a7%2525d9%252585%2525d8%2525a9-%2525d9%252584%2525d9%252583%2525d9%252584%2525d8%2525af%2525d8%2525a7%2525d8%2525b1%2525d9%25258a-%2525d8%2525a5%2525d8%2525ae%2525d9%252588%2525d8%2525a7%2525d9%252586\" style=\"\" rel=\"noopener\">Galadari Brothers<\/a> late last month to support ESG-driven retrofits across its portfolio. The green loan to Galadari Brothers is also among the largest for an Emirati group. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/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\/steel\/\">Steel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/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=\"105324 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=\"105324\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/105324-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105324\" class=\"content-area-description single-story post-105324 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105325\" 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=\"105325\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/multiply-subsidiary-emirates-driving-company-is-acquiring-a-stake-in-fleet-operator-mwasalat-holding\/\">\r\n                            Multiply subsidiary Emirates Driving Company is acquiring a piece of fleet operator Mwasalat Holding                        <\/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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    <!-- <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\/08\/multiply-subsidiary-emirates-driving-company-is-acquiring-a-stake-in-fleet-operator-mwasalat-holding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/466.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105326\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/multiply-subsidiary-emirates-driving-company-is-acquiring-a-stake-in-fleet-operator-mwasalat-holding\/466-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/466.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"466.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/466.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/466.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105325\" class=\"content-area-description single-story post-105325 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-artificial-intelligence tag-emirates-driving tag-enterpriseam-uae tag-ma-watch tag-media tag-multiply-group tag-tech wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.8b4959e7-12a6-434a-9af1-ac762cc906da.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Multiply subsidiary and driving institute <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.edcad.ae\/en\" style=\"\" rel=\"noopener\">Emirates Driving Company (EDC)<\/a><\/strong><strong> has agreed to acquire a 22.5% stake in Abu Dhabi-based fleet operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mwasalat.ae\/\" style=\"\" rel=\"noopener\">Mwasalat H<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/mwasalat.ae\/\" style=\"\" rel=\"noopener\">olding<\/a><\/strong>, with the option to up that to 50.6% depending on certain conditions and regulatory approvals, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/392.pdf\" style=\"\" rel=\"noopener\">a disclosure (pdf)<\/a>. There\u2019s no publicly available information about the expected timeline for the transaction\u2019s completion or its value.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the second acquisition in 12 months: <\/strong>The training institute acquired a 51% stake in Excellence Premier Investment last year for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b097cc9-51f2-474c-b75e-dd5946ee2260\/%253cmark%253eemirates-driving%253c%2Fmark%253e-acquires-majority-stake-in-excellence-driving-center-owner\" style=\"\" rel=\"noopener\">AED 153 mn<\/a>. Excellence Premier operates delivery, limousine, and auto workshop services, with centers in 20 locations across Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition helps the firm expand its public transport services<\/strong>, and will lay the groundwork for collaboration in bus and taxi operations, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/388.pdf\" style=\"\" rel=\"noopener\">press release (<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/388.pdf\" style=\"\" rel=\"noopener\">pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It will also help boost Emirates Driving\u2019s profitability: <\/strong>Mwasalat generated over AED 650 mn in revenues last year, operating a fleet of public buses, taxis, school transport and corporate hire vehicles, the release read. EDC\u2019s net income <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1298ec79-cbbb-48e6-b13f-99d8cac882d7\/more-1q-earnings-%28plus:-emirates-reit-reports-2024-earnings%29\" style=\"\" rel=\"noopener\">came in at AED 68.8 mn<\/a> in 1Q 2025, marking a 7.6% increase compared to the same period last year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/389.pdf\" style=\"\" rel=\"noopener\">financial<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/389.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/389.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The company\u2019s revenues rose 85.4% y-o-y to AED 167.1 mn in 1Q.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> Emirates Driving's shares soared 10.4% yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER M&A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Global <\/strong><strong>media giant Cond\u00e9 Nast has acquired Wired Middle East<\/strong>, bringing it under its fully-owned regional portfolio, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/wired-middle-east-joins-conde-nast-owned-and-operated-portfolio-qsfgb3cz\" style=\"\" rel=\"noopener\">press release<\/a>. The tech, business, science, and culture-focused publication joins a regional portfolio that also includes Architectural Digest Middle East, Cond\u00e9 Nast Traveller Middle East, GQ Middle East, and Vogue Arabia. The statement didn\u2019t disclose the value of the acquisition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Strategic milestone:<\/strong> Wired Middle East was launched in 2019 by Dubai-based publisher Nervora, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2607199\/media\" style=\"\" rel=\"noopener\">Arab News<\/a> reports. The global media giant also recently took over GQ Middle East and Vogue Arabia from Nervora. Wired will continue publishing its print edition on a quarterly basis under Cond\u00e9 Nast\u2019s ownership, but will primarily serve as a digital-first platform for tech and science-focused regional stories.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">#<strong>2-<\/strong> <strong>UAE<\/strong><strong>-based pet care retailer The Pet Shop has acquired PetHaus<\/strong>, a Dubai-based pet retailer and service provider, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/the-petshop-completes-acquisition-of-pethaus-in-the-uae-byy0hsd3\" style=\"\" rel=\"noopener\">press release<\/a>. The acquisition includes PetHaus\u2019 two stores in City Land Mall and on Sheikh Zayed Road, which will continue operating under the PetHaus brand. The value of the acquisition was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About The Pet Shop:<\/strong> Founded in 2011 by Charlotte and Anders Jorgensen and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/911987c9-7a68-4de6-8c0e-ca1c07a01a2a\/aliph-capital-acquires-25%2525-stake-in-sanipex-group\" style=\"\" rel=\"noopener\">backed<\/a> by private equity firm Aliph Capital, <a target=\"_blank\" href=\"https:\/\/www.thepetshop.com\/\" style=\"\" rel=\"noopener\">The Pet Shop<\/a> is an omnichannel retailer with nine physical stores and an e-commerce platform serving all emirates, which distributes over 50 international brands.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-driving\/\">Emirates Driving<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/multiply-group\/\">Multiply Group<\/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=\"105327\" 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=\"105327\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/\">\r\n                            Abu Dhabi set for 11.9k new homes in 2025 as 1Q sales drop                        <\/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\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/\" 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\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/')\">\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\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/\">\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=Abu Dhabi set for 11.9k new homes in 2025 as 1Q sales drop&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/\">\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\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/&title=Abu Dhabi set for 11.9k new homes in 2025 as 1Q sales drop\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Dhabi+set+for+11.9k+new+homes+in+2025+as+1Q+sales+drop+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F08%2Fabu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop%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\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1288.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105328\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/abu-dhabi-set-for-11-9k-new-homes-in-2025-as-1q-sales-drop\/1288-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1288.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1288.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1288.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1288.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105327\" class=\"content-area-description single-story post-105327 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-abu-dhabi tag-enterpriseam-uae tag-real-estate 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\/.fe5d0fc7-4530-4694-9264-7992f02370d2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu <\/strong><strong>Dhabi is expected to deliver around 11.9k new residential units over the <\/strong><strong>rest <\/strong><strong>of 2025<\/strong>, though completions may fall short of projections, according to Cavendish Maxwell\u2019s latest Abu Dhabi Residential Market Performance <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/402.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. The capital\u2019s housing market had a sluggish start to the year, with sales activity plunging even as prices continued to rise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>O<\/strong><strong>nly 600 units were completed in 1Q<\/strong>, contributing to a drop in residential sales to just 1.3k transactions in 1Q 2025, down 56.4% y-o-y and 46.6% q-o-q. The slowdown was driven by a sharp decline in off-plan activity \u2014 by some 82% y-o-y \u2014 amid fewer new launches, alongside the seasonal impact of Ramadan and Eid. Ready sales fared slightly better at 900 transactions, down only 13.3% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Average ticket size for ready units rose to AED 2.5 mn<\/strong> \u2014 the highest in recent quarters. Still, the total value of residential sales declined 44.6% y-o-y to AED 3.7 bn, with ready properties accounting for AED 2.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apartments made up 65.7% of all transactions<\/strong>, though volumes fell 60.5% y-o-y and 53.1% q-o-q, and the segment\u2019s market share also saw a downturn. Both ready and off-plan segments declined, with the latter seeing the steeper drop. On the other hand, ready villa and townhouse sales rose 10.4% y-o-y, reflecting stronger demand from families and long-term residents.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite weaker volumes, prices continued to climb<\/strong><strong>: <\/strong>Apartment prices rose 12.3% y-o-y during the quarter, led by Al Reem Island and Yas Island, which saw prices rise by over 13%. Villa prices increased 12.5% y-o-y, with the strongest growth also seen on Yas Island, which saw prices rise by 15.5% y-o-y, and Saadiyat Island, up 10.6%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rental market also stayed strong<\/strong>, on the back of expat-driven population growth. Apartment rents rose 12.8% y-o-y and 3.2% q-o-q, with Yas Island and Al Reem Island leading y-o-y gains. Villa rents were up 4.3% y-o-y but remained largely flat q-o-q, with some seasonal declines in Saadiyat Island. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How mortgages fared: <\/strong>Total mortgage volumes dropped 44.5% y-o-y to 800, driven by reduced apartment financing. Villa and townhouse mortgages, however, surged 58.1% y-o-y, accounting for AED 1.3 bn of the AED 1.7 bn in residential lending and pointing to a shift toward higher-value, end-user purchases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Despite the muted start, the report projects stable momentum for the rest of 2025, supported by population growth, long-term visa programs, and government-backed economic diversification. Demand is set to outstrip supply, despite the 11.9k units expected to be delivered this year and 7k in 2026. Any recovery in off-plan sales \u201cwill depend on the scale and timing of new project launches,\u201d the report noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I<\/strong><strong>CYMI- <\/strong>Cavendish Maxwell\u2019s findings broadly align with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9cbe9809-b95c-4ebd-8a93-89751f28685a\/prices-up,-activity-down-in-abu-dhabi%25e2%2580%2599s-property-market\" style=\"\" rel=\"noopener\">EFG Hermes\u2019 1Q 2025 tracker<\/a>, which also reported a sharp decline in off-plan sales, continued price growth, and a firm rental market. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"105329\" 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=\"105329\">\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\/08\/new-regional-leadership-for-microsoft-barclays\/\">\r\n                            New regional leadership for Microsoft, Barclays                        <\/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\/08\/new-regional-leadership-for-microsoft-barclays\/\" 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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Kamel previously served as Microsoft\u2019s general manager for global partner solutions in Central and Eastern Europe, Middle East, and Africa. He replaces Naim Yazbeck (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/naim-yazbeck?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who has been promoted to president of its Middle East and Africa operations. He will lead the company's digital transformation efforts across the region, focusing on cloud infrastructure, AI adoption, and strategic partnerships. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Barclays names co-CEOs to lead Middle East operations: <\/strong><a target=\"_blank\" href=\"https:\/\/www.barclays.co.uk\/\" style=\"\" rel=\"noopener\">Barclays<\/a> has appointed Khaled El Dabag (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/khaled-eldabag-76558a\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Walid Mezher (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/walidmezher\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as joint CEOs for the Middle East, in a move demonstrating the region\u2019s growing importance alongside the bank\u2019s other key geographies in Asia Pacific, Europe, and the Americas, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-07\/barclays-bets-on-middle-east-and-elevates-two-co-ceos-for-region\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Both executives will remain based in Dubai and report to Barclays\u2019 investment bank management head Stephen Dainton (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/stephen-dainton-b8686a121?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Their backgrounds: <\/strong>El Dabag was managing director of investment banking for the lender, having joined from Goldman Sachs in 2014. Mezher is Barclays\u2019 head of markets for MENA and previously held roles in institutional sales, risk solutions, and debt capital markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Emirates Investment Bank CLO resigns:<\/strong> Raymond Mouracade, Emirates Investment Bank\u2019s chief legal officer and board secretary, has resigned from his position, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/424.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. His last working day will be on 1 October and the bank will propose a successor at a later date.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/microsoft\/\">Microsoft<\/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=\"105331\" 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=\"105331\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/biosapien-lands-more-funding-from-globinvest\/\">\r\n                            BioSapien lands more funding from Globinvest                        <\/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\/08\/biosapien-lands-more-funding-from-globinvest\/\" 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 round already included backing from Global Ventures, Golden Gate Ventures, and Dara Holdings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The startup, which has offices in Abu Dhabi and California, had previously extended its pre-series A round to USD 7 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/97545990-d29e-4c68-a284-d8474dd5d54b\/biotech-startup%253cmark%253e-biosapien%253c%2Fmark%253e-raises-usd-7-mn-after-extending-pre-series-a-funding\" style=\"\" rel=\"noopener\">in January<\/a>, with investors including Golden Gate Ventures. The funding was aimed at accelerating UAE-based clinical trials for MediChip \u2014 its 3D-printed cancer treatment platform that delivers slow-release chemotherapy directly to tumors \u2014 set to begin in 2Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>The company has made 12 senior hires across regulatory, pharmacology, and engineering roles as it gears up for first-in-human trials, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Drake and Scull <\/strong><strong>kicks <\/strong><strong>makes real estate debut with land acquisition: <\/strong>Engineering firm Drake and Scull International (DSI) is making its debut as a commercial property developer after acquiring land in Dubai\u2019s Majan to develop into a mixed-use commercial building, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/387.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The 156k sq ft commercial building, set to be completed by the end of 2026, marks the Dubai-based contractor\u2019s first fully self-owned development and comes as the company diversifies beyond infrastructure works.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A closer look: <\/strong>The building will be used for both business and retail purposes, and will include 67k sq ft of office space across nine floors and over 10k sq ft of retail space on the ground level. Bel-Yoahah Architectural and Engineering Consultants was tapped to handle design and supervision, and final approval for construction is being finalized. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RESEARCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Trends <\/strong><strong>sets up a virtual office in Paris:<\/strong> Abu Dhabi-based think tank <a target=\"_blank\" href=\"https:\/\/trendsresearch.org\/\" style=\"\" rel=\"noopener\">Trends Research and<\/a><a target=\"_blank\" href=\"https:\/\/trendsresearch.org\/\" style=\"\" rel=\"noopener\">Advisory<\/a> established its 13th global virtual office in Paris, expanding its <a target=\"_blank\" href=\"https:\/\/trendsresearch.org\/trends-external-offices\/\" style=\"\" rel=\"noopener\">digital research network<\/a> that already includes locations in Syria, Latin America, Canada, and China, among others, according to a <a target=\"_blank\" href=\"https:\/\/trendsresearch.org\/news\/trends-launches-its-virtual-office-in-paris-to-strengthen-global-knowledge-bridges\/#:~:text=TRENDS%20Research%20%26%20Advisory%20has%20launched,knowledge%2C%20particularly%20in%20foresight%20studies.\" style=\"\" rel=\"noopener\">press release<\/a>. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e43afaa3-5003-4a3c-b0fd-ef73359ea929\/adnoc-l&s-jv-places-usd-250-mn-order-for-ammonia-carriers\" style=\"\" rel=\"noopener\">Last year<\/a> the think tank said it planned to open new offices in Washington, Sao Paulo, Buenos Aires, Berlin, and Moscow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>The new French hub will facilitate knowledge exchange between Arabic and francophone institutions through virtual events and bilingual content production. It will also track French-language research on topics ranging from emerging technologies to geopolitical shifts while promoting translation initiatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Graphene <\/strong><strong>Innovations Manchester opens up UAE facility: <\/strong>UK-based deep-tech firm Graphene Innovations Manchester (GIM) launched GIM WildCat, a commercial development center at Sharjah Research, Technology, and Innovation Park, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/global-company-graphene-innovations-manchester-inaugurates-regional-expansion-and-commercialization-center-at-sharjah-innovation-park-sy1e33n6\" style=\"\" rel=\"noopener\">press release<\/a>. The facility will showcase graphene-based technologies, serve as an investor hub, and collaborate on R&D with other firms in the park. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sri <\/strong><strong>Lankan bank opens DIFC office:<\/strong> The Commercial Bank of Ceylon \u2014 the country\u2019s largest private sector bank \u2014 opened a representative office at the Dubai International Financial Center (DIFC), marking its first physical presence in the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.combank.lk\/news\/news-events\/combank-celebrates-opening-of-representative-office-in-difc\" style=\"\" rel=\"noopener\">press release<\/a>. The office will support trade, investment, and remittance flows between Sri Lanka and the region, with a focus on clients in Sri Lanka, Bangladesh, and the Maldives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The move follows regulatory approval from the Dubai Financial Services Authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/053c6728-cfb9-4fc9-b1fc-e0a89ac180c1\/e&-expands-to-the-americas-through-its-wholesale-unit\" style=\"\" rel=\"noopener\">earlier in May<\/a>. Commercial Bank is the first Sri Lankan bank to establish a presence in the DIFC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Abu <\/strong><strong>Dhabi Crown Prince meets Brazil\u2019s Embraer CEO: <\/strong>Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan held talks with Brazilian aerospace firm <a target=\"_blank\" href=\"https:\/\/embraer.com\/\" style=\"\" rel=\"noopener\">Embraer<\/a> \u2019s CEO Francisco Gomes Neto in Rio de Janeiro, on the sidelines of the Brics summit, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkkapk3-khaled-bin-mohamed-bin-zayed-meets-ceo-brazilian\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two discussed ways to improve research and development initiatives in aviation technology, as well as technical collaboration on aircraft maintenance. <\/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 begin daily flights between Sharjah International Airport and Munich <\/strong><strong>International Airport<\/strong> <strong>starting from 15<\/strong> <strong>December<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/press.airarabia.com\/munich-becomes-air-arabias-newest-european-destination-from-sharjah\/\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/air-arabia\/\">Air Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/biotech\/\">biotech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/drake-and-scull\/\">Drake and Scull<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-services\/\">financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-research-technology-and-innovation-park\/\">Sharjah Research Technology and Innovation Park<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105333\" 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=\"105333\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/brics-alternative-payment-system-stalls\/\">\r\n                            Brics reaffirms commitment to payment system despite slow progress                        <\/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\/08\/brics-alternative-payment-system-stalls\/\" 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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Leaders reaffirmed their commitment to continue talks on the initiative during the Brics summit in Brazil, but acknowledged the slow pace amid the challenges of a rapidly changing global trade environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Brics Pay is a financial system that, if developed, would allow Brics nations to trade directly with one another using their own local currencies, instead of relying on the USD. The system\u2019s goal is to create an independent financial network that is separate from the US-dominated Swift system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A window of opportunity: <\/strong>The USD has its worst start to a year since 1973, pressured by US President Donald Trump\u2019s trade policies and critiques of the Federal Reserve, creating a potential opening for alternatives. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, what\u2019s the hold-up? <\/strong>For one, the technical execution is complex, involving decisions on payment mechanisms, currencies, infrastructure, and cost-sharing. This is compounded by the unpreparedness of some member nations\u2019 central banks to integrate, alongside serious security concerns over a unified system. Some members have also questioned if the substantial setup and maintenance costs of this unified system are justified when compared to existing bilateral trade arrangements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Political realities aren\u2019t helping as well<\/strong>, with the bloc's recent expansion to 10 members complicating decision-making. Existing international sanctions on members like Russia and Iran, coupled with the use of several non-convertible currencies within the bloc also present additional obstacles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parallel discussions on investment and finance are taking place: <\/strong>Brics is also working on expanding local currency financing to reduce trade financing costs, Tatiana Rosito, secretary for international relations at Brazil\u2019s Finance Ministry, told Bloomberg. However, discussions around a new investment platform \u2014 reducing dependence on hard currency financing \u2014 have also stalled due to the complexity of the proposals and the need for further technical dialogue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US hangs more tariffs over the bloc: <\/strong>Trump threatened an additional 10% tariff on any country aligning with what he calls \u201cAnti-American\u201d Brics policies, rattling global trade with even more uncertainty. This follows his December threat of 100% tariffs if Brics nations ditched the USD in bilateral trade, a move that paradoxically spurred the bloc\u2019s interest in developing alternative local payment systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">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 modestly inching up in early trading<\/strong>, despite Trump\u2019s new tariff announcements. The Shanghai Composite and Hong Kong\u2019s Hang Seng are both up 0.2%, while Japan\u2019s Nikkei remained virtually unchanged. Meanwhile, Wall Street futures are mostly in the red.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,007<\/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: +6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,803<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +12.5%)<\/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>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\">4,794<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +15.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.4% 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\">11,345<\/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: -5.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">33,038<\/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: +11.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">6,230<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +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\">8,807<\/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: +7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,342<\/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\">+1.0% (YTD: +9.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 69.58<\/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\">+1.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.41<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>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 3,343<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 109,044<\/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: +15.6%)<\/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>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 3.53<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: -1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">145.82<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">17.79<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.8% (YTD: +2.5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.3% yesterday<\/strong> on turnover of AED 1.4 bn. The index is up 6.2% 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>Burjeel Holdings (+14.7%), Union Ins. Company (+13.5%) and Emirates Driving Company (+10.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>E7 Group PJSC Warrants (-9.9%), Al Wathba National Ins. Co (-6.3%) and United Arab Bank (-4.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.9% on turnover of AED 715.3 mn. Meanwhile, Nasdaq Dubai was up 0.6%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/brics\/\">Brics<\/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=\"105335\" 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=\"105335\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/\">\r\n                            President meets with Syrian counterpart for the second time this year + Economic cooperation with Cuba?                        <\/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\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/\" 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\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/')\">\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\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/\">\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=President meets with Syrian counterpart for the second time this year + Economic cooperation with Cuba?&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/\">\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\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/&title=President meets with Syrian counterpart for the second time this year + Economic cooperation with Cuba?\">\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=President+meets+with+Syrian+counterpart+for+the+second+time+this+year+%2B+Economic+cooperation+with+Cuba%3F+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F08%2Fpresident-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba%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\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/439.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105336\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/08\/president-meets-with-syrian-counterpart-for-the-second-time-this-year-economic-cooperation-with-cuba\/439-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/439.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"439.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/439.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/439.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105335\" class=\"content-area-description single-story post-105335 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-uae-syrian-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\/.e79217ff-409b-4e2e-8bc3-690595b657f3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>President Sheikh Mohamed bin Zayed Al Nahyan hosted Syrian President <\/strong><strong>Ahmad Al Sharaa at Qasr Al Shati yesterday <\/strong>in their second meeting in just a few months, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkkaq1b-uae-president-receives-syrian-president\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The leaders discussed bilateral relations and boosting economic cooperation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The meeting follows a previous visit <\/strong>in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/629b20df-f6bf-4ea8-9926-fa7f84978db5\/the-uae-continues-its-discussions-with-the-us-and-supports-mediation-with-iran\" style=\"\" rel=\"noopener\">April<\/a>, and increased interest in Syria from UAE businesses as the country begins to recover from years of US sanctions and from the impact of former president Bashar Al Assad\u2019s regime. State-owned logistics giant DP World was among the first to do business in the country after sanctions were lifted, with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36d641c3-9f92-4125-a03e-7735a5b392a7\/uae-eyes-investments-in%253cmark%253e-syria%253c%2Fmark%253e,-starting-with-dp-world,-following-lifting-of-sanctions\" style=\"\" rel=\"noopener\">USD 800 mn<\/a> agreement to develop and operate a multi-purpose terminal at Syria\u2019s Tartous port. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- UAE and Cuba expand economic ties through joint committee: <\/strong>The UAE and Cuba held their first Joint Economic Committee meeting in Dubai to strengthen trade and investment ties, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2607231\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a> reports. The session focused on biotechnology, renewable energy, tourism, agriculture, and healthcare cooperation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan:<\/strong> Key outcomes include plans for business forums, trade delegations, and SME partnerships. Both nations agreed to collaborate on food security, sustainable agriculture, and tourism promotion through joint events and data sharing.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-syrian-relations\/\">UAE-Syrian 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=\"105337\" 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\/08\/105337-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105337\" class=\"content-area-description single-story post-105337 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>7-25 July (Monday-Friday): Subscription window for Al Mal Capital REIT\u2019s follow-on offering on the DFM.<\/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;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-15 August (Friday-Friday) Expected trading window for <\/span><span>Al Mal Capital REIT\u2019s new units on the DFM<\/span><span>.<\/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 Center.<\/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 Center. <\/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 Center. <\/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 Center 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 Center, 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\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: Arabian Gulf Steel Industries gets sustainable loan from Mashreq<\/p>\n","protected":false},"featured_media":105316,"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-105315","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9e4cfaca-7601-401b-a61a-4562f7f61a89","teaser":"Plus: Arabian Gulf Steel Industries gets sustainable loan from Mashreq","photo_url":"https:\/\/ent.news\/2024\/11\/998.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rakbank 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