{"id":105635,"date":"2025-07-17T00:00:00","date_gmt":"2025-07-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=105635"},"modified":"2025-12-15T04:22:36","modified_gmt":"2025-12-15T04:22:36","slug":"masdar-offloads-stake-in-sharjah-waste-to-energy-plant-plus-new-usd-1-bn-fund-in-abu-dhabi","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/masdar-offloads-stake-in-sharjah-waste-to-energy-plant-plus-new-usd-1-bn-fund-in-abu-dhabi\/","title":{"rendered":"Masdar offloads stake in Sharjah waste-to-energy plant. PLUS: New USD 1 bn fund in Abu Dhabi"},"content":{"rendered":"<section id=\"105637\" 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=\"105637\">\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\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/\">\r\n                            THIS MORNING: To fire or not to fire Jay Powell? + Local airlines act fast to fill gap left by Wizz Air                        <\/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\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/\" 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\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/')\">\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\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/\">\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=THIS MORNING: To fire or not to fire Jay Powell? + Local airlines act fast to fill gap left by Wizz Air&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/\">\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\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/&title=THIS MORNING: To fire or not to fire Jay Powell? + Local airlines act fast to fill gap left by Wizz Air\">\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=THIS+MORNING%3A+To+fire+or+not+to+fire+Jay+Powell%3F+%2B+Local+airlines+act+fast+to+fill+gap+left+by+Wizz+Air+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fthis-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air%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\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1136.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105638\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/this-morning-to-fire-or-not-to-fire-jay-powell-local-airlines-act-fast-to-fill-gap-left-by-wizz-air\/1136-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1136.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1136.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1136.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1136.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105637\" class=\"content-area-description single-story post-105637 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-investment-authority tag-adnoc tag-air-arabia tag-budget-watch tag-central-bank-of-the-uae tag-federal-tax-authority tag-investment tag-ma tag-oil-and-gas tag-opec tag-opec-2 tag-tax tag-what-were-tracking-today tag-wizz-air 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\/.17bc6f5b-b30d-4c23-a464-1be553c1df0e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people. <\/strong>It\u2019s almost the end of what\u2019s been a busy week on both the domestic and global fronts. Today\u2019s issue brings more M&amp;A, investment, and debt updates, along with new legislative amendments to Dubai\u2019s Conciliation Law. Let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>BUT FIRST- In case you missed it:<\/strong> Donald Trump rattled markets and sent the greenback down nearly 1% for a time yesterday as he stepped up his campaign against Federal Reserve chair Jay Powell<strong>. <\/strong>US media reported that the US president had earlier this week brandished a letter firing Powell and asked the lawmakers he was meeting with whether he should send it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Trump has waged a blunt campaign against Powell for months now, pressuring him to cut interest rates and suggesting he\u2019s open to firing Powell if the chairman doesn\u2019t come to heel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where things stand now: <\/strong>\u201cWe\u2019re not planning on doing anything,\u201d Trump said overnight. \u201cI don\u2019t rule out anything, but I think it\u2019s highly unlikely, unless he has to leave for fraud, and it\u2019s possible there\u2019s fraud.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wait, fraud? Powell? <\/strong>The guy\u2019s a straight-shooter\u2019s straight-shooter, but that hasn\u2019t stopped Republicans from trying to trump-up (pun intended) charges against him. Trump\u2019s winged monkeys are angling to use an over-budget, USD 2.5 bn project to renovate the Fed\u2019s HQ against Powell. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHY IT MATTERS- The news raised fresh doubts about whether the Fed would, under the <\/strong><strong>next Trump-appointed Fed boss, continue to set monetary policy independent of political interference.<\/strong> It's not a stretch to say the independence of the Fed is one of the cornerstones of the global financial system. An independent Fed can make politically unpopular decisions \u2014 to, say, control inflation \u2014 without pressure from elected officials seeking short-term gains in popularity. Over the long term, an independent Fed is better able to deliver price stability and drive economic growth \u2014 that\u2019s fundamentally what preserves confidence in both US financial markets and the greenback: global investors know that (today, at least) monetary policy is being set for economic reasons, not political ones. <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/trump-central-bank-political-pressure-powell-investors-9798c6a8\" style=\"\" rel=\"noopener\">Go deeper with the Wall Street Journal here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Can Trump really fire Powell?<\/strong> Maybe. A law on the books since 1913 gives the president the power to fire the Fed chairman, but only for \u201ccause\u201d \u2014 and what constitutes \u201ccause\u201d is largely undefined. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re going to cross the Rubicon one sooner or later: <\/strong>Powell\u2019s term is up in May 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Go deeper:<\/strong> The news is all over global front pages this morning, with each of the following outlets running multiple stories and explainers: <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/federal-reserve-building-renovations-trump-powell-70cfb70f2c09105c2a144179d5d92e69\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/whats-known-about-whether-trump-can-fire-powell-fed-2025-04-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-16\/trump-now-says-firing-powell-unlikely-whipsawing-markets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/47f3fc7d-7952-456e-b64a-a05304d912d0\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/federal-reserve-reonovations-oust-jerome-powell-6bdf82c8\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER-<\/strong><strong> Brace yourselves for more potential dust and rain today: <\/strong>Blowing dust in most parts of the country yesterday could continue today, along with potential for light rainfall in some areas, the National Center of Meteorology said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1120.pdf\" style=\"\" rel=\"noopener\">forecast (pdf).<\/a> The mercury is expected to hit 44\u00b0C in <strong>Dubai <\/strong>today, cooling to 35\u00b0C overnight. <strong>Abu Dhabi<\/strong> will see a high of 45\u00b0C, with lows of 34\u00b0C. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Filling the Wizz Air-shaped hole: <\/strong>UAE-based budget carrier Air Arabia Abu Dhabi \u2014 Wizz Air\u2019s long-standing rival \u2014 is expanding its total operational capacity in 2025 by 40% y-o-y to address \u201crising demand for air travel to and from Abu Dhabi,\u201d CEO Adel Al Ali said in a <a target=\"_blank\" href=\"https:\/\/press.airarabia.com\/air-arabia-abu-dhabi-to-increase-operational-capacity-by-40-in-2025\/\" style=\"\" rel=\"noopener\">statement<\/a>. The airline \u2014 a JV between Etihad and Air Arabia \u2014 added two Airbus A320s to its fleet, bringing its total to 12 aircraft with plans to add two more by year-end. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it's \u201ctoo early\u201d to tell whether Air Arabia Abu Dhabi will absorb Wizz Air\u2019s airport <\/strong><strong>slots<\/strong>, even with its planned capacity expansion, CEO of Etihad Airways Antonoaldo Neves told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/aviation\/2025\/07\/16\/etihad-chief-says-too-early-to-say-if-air-arabia-will-pick-up-wizz-air-slots\/\" style=\"\" rel=\"noopener\">The National<\/a>. The Abu Dhabi budget airline still \u201crequires airplanes [\u2026] and pilots and they need to study that,\u201d Neves said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad is sweeping in too: <\/strong>Etihad Airways <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/773aaa2c-fded-44b9-be6f-94ed130a9443\/india%25e2%2580%2599s-shapoorji-pallonji-completes-first-dubai-residential-project\" style=\"\" rel=\"noopener\">announced plans<\/a> to launch several new routes to the Caucus, Central Asia, and KSA just a day after Wizz Air said it would <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/07ee1b1c-0591-4042-815c-26b64591c909\" style=\"\" rel=\"noopener\">suspend operations in the emirate<\/a>. \u201cThese destinations were part of our 2030 plan,\u201d Neves said. \u201cWhere there is a space in the market, someone is going to fill it in, and we have the agility to fill it. We saw a market [window] and we took it,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Up to 450 jobs are now in limbo: <\/strong>While Wizz Air offered a transfer to roles in Europe for affected staff, this won\u2019t be viable for all employees, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-16\/wizz-exit-from-abu-dhabi-leaves-hundreds-of-staff-in-limbo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> cites CEO Jozsef Varadi as saying on a video call with staff. There could be \u201cimpossible cases,\u201d he said, citing visa and passport constraints, though the company pledged to support staff on a case-by-case basis.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> #2-<\/strong> <strong>Adnoc <\/strong><strong>to transfer OMV stake to new investment arm: <\/strong>Abu Dhabi National Oil Company (Adnoc) plans to transfer its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a018d651-e120-4aa7-9039-d221628ca749\/adnoc-acquires-24.9%2525-stake-in-austrian%253cmark%253e-omv%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">24.9% stake in Austrian energy firm OMV<\/a> to its investment arm, XRG, pending regulatory approvals, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2025\/adnoc-announces-transfer-of-249-omv-shareholding-to-xrg\" style=\"\" rel=\"noopener\">press release<\/a>. The move is part of its plan to consolidate international assets under XRG \u2014 which will also hold the company\u2019s proposed 46.94% stake in the upcoming Borouge Group International, once the transaction is completed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>XRG in brief: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f485310-a3c9-4c1e-a02e-cba776c56e64\/adnoc-sets-up-low-carbon-energy-and-chemicals-investment-unit\" style=\"\" rel=\"noopener\">Launched last year<\/a>, XRG is Adnoc\u2019s global investment platform focused on low-carbon energy and chemicals, with over USD 80 bn in assets. It plans to double that over the next decade, with its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4c7f9522-c8fb-4161-874d-eb71e33f32b8\/%253cmark%253exrg%253c%2Fmark%253e-goes-global-under-five-year-plan\" style=\"\" rel=\"noopener\">five-year strategy<\/a>. XRG plans to expand upstream M&amp;A in the US and Canada, as well as grow its chemicals portfolio via Borouge and planned takeovers of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0abfec09-0af5-46a2-881e-323b858e62ee\/adnoc-gets-the-all-clear-from-eu-antitrust-regulators-for-covestro-takeover\" style=\"\" rel=\"noopener\">Covestro<\/a> and Australia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a72e344d-52b7-4b9f-9620-241d8962df3b\/%253cmark%253exrg%253c%2Fmark%253e-led-consortium-kicks-off-due-diligence-for-santos-takeover\" style=\"\" rel=\"noopener\">Santos<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Adnoc and Austria\u2019s OMV finalized <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/eff352d5-e2bb-4fd0-a455-eebe4ea26f4e\/adnoc,-omv-agree-terms-of-petrochemicals-units-merger\" style=\"\" rel=\"noopener\">an agreement in March<\/a> to merge their polyolefins businesses into Borouge International, creating a USD 60 bn global player headquartered in Austria with a regional HQ in the UAE. Adnoc acquired its 24.9% stake in OMV from Mubadala <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a018d651-e120-4aa7-9039-d221628ca749\/adnoc-acquires-24.9%2525-stake-in-austrian%253cmark%253e-omv%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">last year<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>Stonepe<\/strong><strong>ak to secure EUR 2.4 bn debt package to fund IFCO stake acquisition <\/strong><strong>from Adia:<\/strong> Stonepeak is set to receive a EUR 2.4 bn debt package from a group of banks to finance its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c76aa748-04d6-4c0a-8370-36b31bbcf62f\/adia-to-sell-50%2525-stake-in-ifco-to%253cmark%253e-stonepeak%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">acquisition<\/a> of a 50% stake in German reusable packaging firm IFCO Group from a subsidiary of the Abu Dhabi Investment Authority (Adia), sources familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-15\/banks-ready-2-4-billion-debt-package-for-stonepeak-s-ifco-deal?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The financing is expected to refinance IFCO\u2019s existing EUR 1.6 bn loan portfolio and provide an additional EUR 800 mn in fresh funding. Bank of America is among the banks involved, with Morgan Stanley and Citigroup also expected to participate, the sources said.The debt is anticipated to hit the market soon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Adia\u2019s subsidiary and Stonepeak inked an agreement to sell its 50% stake in IFCO last week, with the transaction expected to close in 4Q 2025. Triton, a European mid-market investment firm and current shareholder in IFCO, will retain its stake in the firm. Following the transaction, Triton and Stonepeak will hold equal ownership and joint governance of the company.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>The <\/strong><strong>Central Bank of the UAE <\/strong><strong>(CBUAE) will offer up to AED 27.8 bn in monetary b<\/strong><strong>ills (M-bills) at its upcoming auction on Monday, 21 July<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1102.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The auction has four tap issuances, including two worth AED 4 bn with 28-day and 56-day tenors, a AED 4.3 bn one with a 140-day tenor, and a AED 15.5 bn issuance with a 308-day tenor. All bills will settle on 23 July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decoding central bank speak: <\/strong>M-bills are short-term, zero-coupon instruments issued in AED with typical maturities between one and 12 months. They are auctioned via competitive bidding to licensed dealers and are not publicly traded. Tap issuances allow CBUAE to reopen existing series to manage liquidity without issuing new instruments.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- UAE<\/strong> <strong>new federal budget revamp eyes priority sectors: <\/strong>The Finance Ministry\u2019s next federal budget cycle for 2027-2029, which it has just launched, will focus on the education, healthcare, core government services, and social welfare sectors, according to <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/july\/16-07\/ministry-of-finance-launches\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The new budget will also prioritize operational efficiency and AI integration. The 2027-2029 framework follows four consecutive cycles during which the total federal budget reached around AED 900 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Public finances heading into the next cycle:<\/strong> Public debt levels remained stable, standing at AED 62.1 bn in June. At the end of last year federal government assets had reached AED 464.4 bn.<\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Late to your first corporate tax filing? Act fast for a waiver: <\/strong>The Federal Tax Authority (FTA) is reminding businesses that to qualify for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4052aa40-6022-4dc1-9401-fba0cb51a032\/wto-ministerial-signs-off-on-trade-services-agreement\" style=\"\" rel=\"noopener\">AED 10k late registration penalty waiver for corporate tax<\/a>, they must file their tax return or annual declaration within seven months of the end of their first tax period, it said in an <a target=\"_blank\" href=\"https:\/\/x.com\/uaetax\/status\/1945121371790422017\" style=\"\" rel=\"noopener\">X post<\/a>. The waiver applies only to the first tax period, and covers both taxable persons and certain exempt persons required to register.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast fact: <\/strong>Around 38k additional entities have registered since the waiver initiative launched in April 2025, bringing total corporate tax registrants to 576k.<\/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>Israel ramped up its bombing campaign in Syria yesterday, attacking the m<\/strong><strong>ilitary headquarters in Damascus<\/strong> and hitting near the presidential palace in a major escalation. The attacks killed at least three people and injured more than 30. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strikes came amid an <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d49304fb-dde3-4ef7-adb9-bc729c32275a\/this-morning:-more-share-sales-coming-up-in-2h?-+-president-mohamed-bin-zayed-al-nahyan-heads-to-turkey-on-a-working-visit\" style=\"\" rel=\"noopener\">intensification of violence<\/a><\/strong><strong> in the southern city of Sweida<\/strong> in Syria between Druze militants, Bedouin groups, and Syrian security forces who were sent to quell the fighting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Syrian Interior Ministry announced a ceasefire<\/strong> later in the evening, while US Secretary of State Marco Rubio said in an <a target=\"_blank\" href=\"https:\/\/x.com\/marcorubio\/status\/1945554584878911761?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1945554584878911761%7Ctwgr%5E4991ca651bb445439d32e6afc5f73118353a6195%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fisrael-strikes-syrian-military-targets-2025-07-16%2F\" style=\"\" rel=\"noopener\">X post<\/a> that all parties have agreed on steps that will \u201cbring this troubling and horrifying situation to an end tonight.\u201d Syrian government forces were already moving out of Sweida last night. Several Arab countries later welcomed the news and condemned Israel's attacks on Damascus, including <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2025\/7\/16\/16-7-2025-uae-syria\" style=\"\" rel=\"noopener\">the UAE<\/a> and <a target=\"_blank\" href=\"https:\/\/x.com\/MofaQatar_EN\/status\/1945551681862664446?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1945551681862664446%7Ctwgr%5E4991ca651bb445439d32e6afc5f73118353a6195%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fisrael-strikes-syrian-military-targets-2025-07-16%2F\" style=\"\" rel=\"noopener\">Qatar<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story is getting a lot of ink: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/israel-strikes-syrian-military-targets-2025-07-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-16\/israel-steps-up-strikes-on-syria-hitting-military-headquarters?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4305ea3a-09b6-4cef-8b04-99f1eb6106ce\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/jul\/16\/israel-strikes-syria-defence-ministry-in-third-day-of-attacks-on-the-country\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/israel-strikes-syria-damascus-9d3cd029?mod=hp_lead_pos8\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>UAE\u2019s crude <\/strong><strong>output climbed to<\/strong><strong> 2.99 mn b<\/strong><strong>bl\/d by 2Q from 2.94 mn bbl\/d in 1Q<\/strong><strong>, reflecting a <\/strong><strong>50k bbl\/d jump<\/strong>, according to Opec\u2019s monthly oil <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1086.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. Total Opec production jumped from 26.8 mn bbl\/d to 27.02 over the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- A hike is on the way: <\/strong>The oil group agreed to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/29f0c837-99c9-4a5c-a51e-caee02773f9d\" style=\"\" rel=\"noopener\">raise production<\/a> by 548k barrels per day in August, accelerating its plan to return supply to the market and surpassing expectations for the size of the hike. The August hike is larger than previous monthly increments of 411k bbl \/ d for May, June and July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The group expects oil demand growth to remain around 1.3 mn bbl\/d in <\/strong><strong>2025<\/strong>, in line with last month\u2019s expectations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The International Energy Agency\u2019s forecast is less bullish on oil demand<\/strong>, forecasting demand growth of just 700k bbl\/d in 2025 \u2014 its lowest rate since 2009 excluding the pandemic years, according to the International Energy Agency\u2019s (IEA) <a target=\"_blank\" href=\"https:\/\/www.iea.org\/reports\/oil-market-report-july-2025\" style=\"\" rel=\"noopener\">monthly report<\/a>. The forecast follows a softer-than-expected second quarter in 2025, where annual demand growth slowed to just 550k bbl\/d, down from 1.1 mn in the first quarter. Demand is expected to jump by some 720k bbl\/d in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Production rose by some 950k bbl\/d m-o-m in June to hit 105.6 mn bbl\/d<\/strong>, driven largely by increased production from Saudi Arabia and other Opec+ producers. For the full year, world supply is expected to climb by 2.1 mn bbl\/d, reaching 105.1 mn bbl\/d. The trend is expected to persist into 2026, with another 1.3 mn bbl\/d of growth projected\u2014mostly from non-OPEC+ sources.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/air-arabia\/\">Air Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1111.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105640\" class=\"content-area-description single-story post-105640 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam-uae tag-ma tag-masdar tag-tadweer 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\/.3b098d21-e80c-486f-a64f-ba5568fb05e0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Masdar has offloaded<\/strong><strong> its stake in the Sharjah Waste-to-Energy (WtE) plant to Tadweer <\/strong><strong>Group <\/strong>pending closing conditions, as the renewables giant shifts its focus to its international renewables portfolio, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/tadweer-group-acquires-waste-to-energy-stake-from-masdar\" style=\"\" rel=\"noopener\">statement<\/a>. Tadweer will now become a partner in the JV operating the plant with Bee\u2019ah Group. No financial details were disclosed for the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The rationale:<\/strong><span style=\"background-color: transparent;\"> Masdar wants to shift its focus to its core business and its goal of expanding its global renewables portfolio to 100 GW by 2030, the statement adds.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant:<\/strong> The <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/renewables\/our-projects\/sharjah-waste-to-energy-project\" style=\"\" rel=\"noopener\">project<\/a>, launched in 2022, was the first commercial-scale waste-to-energy plant in the Middle East. It processes some 300k tons of waste annually and has a capacity of 30 MW. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next steps: <\/strong>Bee\u2019ah and Tadweer will jointly own and operate the plant and advance plans to expand the project\u2019s capacity, the statement adds. Masdar and Bee\u2019ah <a target=\"_blank\" href=\"https:\/\/www.beeahgroup.com\/beeah-and-masdar-announce-phase-two-expansion-of-sharjah-waste-to-energy-plant-doubling-capacity-and-clean-energy-contributions\/\" style=\"\" rel=\"noopener\">agreed<\/a> earlier this year to double the plant's capacity to 60 MW, where it will double the processing capacity to 600k tons and offset some 1 mn tonnes of CO2 emissions annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweer is gobbling up waste:<\/strong> The firm, which launched an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc0c4fd2-6eb2-405f-9062-5198fb4e8593\/\" style=\"\" rel=\"noopener\">AI-integrated waste management platform<\/a> in Abu Dhabi to address the full waste lifecycle earlier this year, is exploring a pilot program with the Climate Change and Environment Ministry to pay consumers for discarded devices to encourage <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/29f0c837-99c9-4a5c-a51e-caee02773f9d\" style=\"\" rel=\"noopener\">recycling electronic waste<\/a>. It also signed an agreement with China\u2019s SFECO Group to explore the development of a facility in Abu Dhabi to convert <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bcb684a7-5d4f-4326-9c30-23aa9021ff3c\" style=\"\" rel=\"noopener\">industrial solid waste<\/a> into sustainable building materials.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/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\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tadweer\/\">Tadweer<\/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=\"105642\" 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=\"105642\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/ihc-eyes-sme-space-with-acquisition-of-efunder-medad-acquires-usd-100-mn-stake-in-nwtn\/\">\r\n                            IHC eyes SME space with acquisition of eFunder + Medad acquires USD 100 mn stake in NWTN                        <\/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\/17\/ihc-eyes-sme-space-with-acquisition-of-efunder-medad-acquires-usd-100-mn-stake-in-nwtn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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              <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2057.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105643\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/ihc-eyes-sme-space-with-acquisition-of-efunder-medad-acquires-usd-100-mn-stake-in-nwtn\/2057-jpg-34\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2057.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2057.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2057.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2057.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105642\" class=\"content-area-description single-story post-105642 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-international-holding-company tag-ma tag-ma-watch tag-nwtn tag-smes tag-tech tag-transport 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\/.285bb84b-5789-4237-a607-c71e6f011ac8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Two major Emirati conglomerates \u2014 International Holding Company and <\/strong><strong>tech-focused Medad \u2014 are expanding their portfolio <\/strong>with fresh acquisitions in the tech space. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">#1- <\/strong><strong style=\"background-color: transparent;\">NWTN secures USD 100 mn investment from Medad unit: <\/strong><span style=\"background-color: transparent;\">UAE-based EV manufacturer NWTN signed a USD 100 mn share purchase agreement with Seet, a subsidiary of Emirati conglomerate <\/span><a target=\"_blank\" href=\"https:\/\/medadholding.com\/\" rel=\"noopener\">Medad Holding<\/a><span style=\"background-color: transparent;\">, according to a <\/span><a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/uae-investment-institution-acquires-strategic-stake-in-nwtn-to-advance-we-the-uae-2031-vision-302506839.html\" rel=\"noopener\">statement<\/a><span style=\"background-color: transparent;\">. The agreement will see Seet acquire newly issued shares, and become NWTN\u2019s largest shareholder.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The game plan: <\/strong>Seet will support NWTN in rolling out urban mobility and technology solutions tied to AI, clean energy, and blockchain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- IHC acquires and rebrands UAE SME financing platform eFunder:<\/strong> Abu Dhabi's International Holding Company (IHC) completed its acquisition of eFunder, a UAE-based private financing platform for small and medium enterprises (SMEs), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1020.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Zelo provides invoice financing, converting approved receivables into working capital, and has deployed more than USD 200 mn in funding since its 2020 launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next steps: <\/strong>The platform has been rebranded as Zelo and is licensed by the ADGM\u2019s Financial Services Regulatory Authority. Its co-founders, Dhanush Arjun (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/dhanush-arjun-b2231114\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Deepak Sekar (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/deepak-sekar-35bb95a\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), will continue to oversee operations, as IHC looks to expand Zelo\u2019s reach and scale it across MENA\u2019s SME ecosystem.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-holding-company\/\">International Holding Company<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nwtn\/\">NWTN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/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=\"105644 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=\"105644\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/105644-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105644\" class=\"content-area-description single-story post-105644 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105645\" 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=\"105645\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/uks-gemcorp-to-raise-usd-1-bn-africa-fund-from-abu-dhabi\/\">\r\n                            UK-based Gemcorp targets Africa investments in USD 1 bn Abu Dhabi fund                        <\/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\/17\/uks-gemcorp-to-raise-usd-1-bn-africa-fund-from-abu-dhabi\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n      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href=\"https:\/\/api.whatsapp.com\/send?text=UK%E2%80%99s+Gemcorp+to+raise+USD+1+bn+Africa+fund+from+Abu+Dhabi+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fuks-gemcorp-to-raise-usd-1-bn-africa-fund-from-abu-dhabi%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/uks-gemcorp-to-raise-usd-1-bn-africa-fund-from-abu-dhabi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105646\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/uks-gemcorp-to-raise-usd-1-bn-africa-fund-from-abu-dhabi\/1113-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1113.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1113.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105645\" class=\"content-area-description single-story post-105645 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi tag-investment tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.464cdbd7-262c-4371-b087-ddb455b5e4f4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UK-based asset manager Gemcorp is raising a USD 1 bn private credit fund <\/strong><strong>from <\/strong><strong>its Abu Dhabi office<\/strong> to finance agreements in Africa, partner Asad Hajiyev told <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/07\/16\/2025\/gemcorp-capital-targets-1-billion-for-africa-fund?utm_medium=gulf&amp;utm_campaign=flagshipnumbered3&amp;utm_source=newsletterlink\" style=\"\" rel=\"noopener\">Semafor<\/a>. The fund will target investments ranging between USD 20-100 mn across sectors including energy, agriculture, and commodities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Why Abu Dhabi? <\/strong><span style=\"background-color: transparent;\">\u201cThere is a huge amount of capital\u201d in Abu Dhabi looking for transactions in Africa in Abu Dhabi, Hajiyev said. The new vehicle would double Gemcorp\u2019s Gulf AUM target and deepen its regional footprint, as the firm builds out a multi-hub strategy across the Gulf.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Africa was flagged as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/46ed584f-78c1-4787-8ca7-fcea37690afc\/the-uae-drew-usd-46-bn-in-fdi-in-2024,-cracking-top-10\" style=\"\" rel=\"noopener\">key destination for UAE outbound investment in 2024<\/a>, as agreement flows into Asia dipped. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gemcorp? <\/strong>Founded in 2013, the firm has deployed over USD 8 bn in higher-risk <a target=\"_blank\" href=\"http:\/\/markets.it\" style=\"\" rel=\"noopener\">markets<\/a><a target=\"_blank\" href=\"http:\/\/markets.it\" style=\"\" rel=\"noopener\">.<\/a> It operates an Abu Dhabi office for fundraising, a Dubai office for investor relations, and another in Riyadh for transaction origination. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hiring pause: <\/strong>After securing its ADGM license <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3049a148-2d24-4f71-9ad0-530fd19b5aa9\/mashreq-launches-digital-platform-for-kuwaiti-corporates\" style=\"\" rel=\"noopener\">last year<\/a>, Gemcorp <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8dcfa86d-6c4f-42e8-a876-49f89eb35c70\" style=\"\" rel=\"noopener\">initially planned<\/a> to hire 15 staff in its first year. That rollout is now on hold, with four staff currently in place, as the firm prioritizes raising capital, Hajiyev said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewhere in the region: <\/strong>Gemcorp is also raising a separate USD 1 bn fund with Saudi Arabia\u2019s Investment Ministry, targeting agreements in mining, technology, and social infrastructure. Most of its 24 transactions currently under review in the region are based in the kingdom, Hajiyev said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105647\" 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=\"105647\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/\">\r\n                            DIB joins USD 1.85 bn syndicated loan for PIF-backed Olam Agri                        <\/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\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/\" 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\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/')\">\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\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/\">\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=DIB joins USD 1.85 bn syndicated loan for PIF-backed Olam Agri&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/\">\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\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/&title=DIB joins USD 1.85 bn syndicated loan for PIF-backed Olam Agri\">\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=DIB+joins+USD+1.85+bn+syndicated+loan+for+PIF-backed+Olam+Agri+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fdib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri%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\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2063.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105648\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/dib-joins-usd-1-85-bn-syndicated-loan-for-pif-backed-olam-agri\/2063-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2063.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2063.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2063.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2063.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105647\" class=\"content-area-description single-story post-105647 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-dubai-islamic-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.6984fc0d-b9b4-4abf-ba7c-22df0b9a672c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DIB backs Islamic portion of int\u2019l syndicated loan for Olam Agri:<\/strong> Dubai Islamic Bank (DIB) has backed a USD 1.85 bn dual-tranche syndicated facility for Singapore-based agribusiness <a target=\"_blank\" href=\"https:\/\/www.olamagri.com\/\" style=\"\" rel=\"noopener\">Olam Agri<\/a>, it said in a <a target=\"_blank\" href=\"https:\/\/www.dib.ae\/about-us\/news\/dib-strengthens-global-agri-financing-with-participation-in-landmark-us?type=news\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.dib.ae\/about-us\/news\/dib-strengthens-global-agri-financing-with-participation-in-landmark-us?type=news\" style=\"\" rel=\"noopener\">release<\/a>. The DFM-listed lender acted as a senior mandated lead arranger and investment agent for the facility\u2019s USD 250 mn Islamic tranche. The loan carries a three-year tenor, and will be used for general corporate purposes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Why it matters: <\/strong><span style=\"background-color: transparent;\">The move marks DIB\u2019s first financing with Olam Agri and adds to its growing portfolio of cross-border Islamic syndications. \u201cThis transaction is a clear reflection of the growing global demand for Islamic liquidity, not as an alternative, but as a core instrument for financing the real economy,\u201d said Ali Ahmad Said, DIB\u2019s chief of investment banking.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Olam:<\/strong> Olam Agri is majority-owned by the Saudi Agricultural and Livestock Investment Company, a vehicle owned by Saudi Arabia\u2019s Public Investment fund, with Singapore\u2019s Olam Group retaining a minority stake. The company operates across grains, edible oils, rice, animal protein, and cotton, and handled over 45 mn metric tons in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE\u2019s debt market was active in 1H: <\/strong>Debt market activity in the UAE edged higher in the first half of the year, hitting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9572dd1-cbbb-4ee6-8cfa-91fde289aabd\/uae%253cmark%253e-debt%253c%2Fmark%253e-issuances-grew-in-1h-2025-despite-regional-slowdown\" style=\"\" rel=\"noopener\">USD 32.9 bn, up 3.8% y-o-y<\/a>, even as most GCC countries saw double-digit declines. The y-o-y growth was largely driven by corporate players, particularly banks.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105649\" 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=\"105649\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/\">\r\n                            Sky AD breaks ground on EGP 80 bn Ras El Hekma project                        <\/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\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/\" 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\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/')\">\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\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/\">\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=Sky AD breaks ground on EGP 80 bn Ras El Hekma project&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/\">\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\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/&title=Sky AD breaks ground on EGP 80 bn Ras El Hekma project\">\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=Sky+AD+breaks+ground+on+EGP+80+bn+Ras+El+Hekma+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fsky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project%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\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1050.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105650\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/1050-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1050.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1050.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1050.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1050.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105649\" class=\"content-area-description single-story post-105649 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-egypt tag-enterpriseam-uae tag-hospitality tag-ras-el-hekma 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\/.2a650e0c-f670-4011-b8ff-b10d161ffbf8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Sky AD has<\/strong><strong> launched its largest-ever Egypt project:<\/strong> Emirati real estate developer Sky Abu Dhabi (Sky AD) has broken ground on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bdb707b-60b2-4193-b0d7-4eea0d548499\/sky-ad-to-develop-a-430-feddan-plot-in-ras-el-hekma.-plus:-news-from-giza-systems,-premium-healthcare,-jinbei-royal,-scatec,-abu-auf\" style=\"\" rel=\"noopener\">its EGP 80 bn (c. AED 6 bn) project<\/a> in Ras El Hekma \u2014 dubbed Sky North \u2014 the property developer said during a presser attended by EnterpriseAM earlier this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What we know:<\/strong><span style=\"background-color: transparent;\"> The project will be carried out across five phases, with delivery beginning in four years, CEO Abdelrahman Agami said. Construction is expected to cost EGP 60 bn (AED 4.5 bn), with the company targeting contractual sales of EGP 240 bn (AED 17.8 bn).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sky North will include a year-round hospitality and commercial component<\/strong>, with the company currently in talks with international hotel brands to operate a hotel and manage serviced apartments. The commercial area will also house global names in entertainment and dining, Agami said. It will also build what is set to be the North Coast\u2019s largest lagoon \u2014 a 50-feddan water body that will operate year-round thanks to specialized heating technology, Agami said. The project will be designed with permanent or long-term residency in mind, offering a full suite of lifestyle and entertainment services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is Sky AD\u2019s biggest project in Egypt since it entered the market in 2021<\/strong>, Agami said, adding that it comes in addition to four active developments in the new capital and New Cairo, with a combined investment portfolio of around EGP 19 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Targeting foreign demand:<\/strong> Roughly 50% of Sky AD\u2019s sales in Egypt to date have gone to non-residents \u2014 including buyers from the Gulf, foreign nationals, and Egyptians living abroad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking west:<\/strong> Sky AD is eyeing a plot in West Cairo for a new mixed-use development, Agami told EnterpriseAM. He declined to share further details but noted it would be the company\u2019s first project in that part of the capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0126828b-cefb-47f2-99e2-f21420679026\/%253cmark%253emodon%253c%2Fmark%253e-holding-appointed-as-master-developer-for-egypt%25e2%2580%2599s-ras-el-hekma-as-megaproject-kicks-into-gear\" style=\"\" rel=\"noopener\">USD 35 bn Ras El Hekma megaproject<\/a> in Egypt is backed by Abu Dhabi sovereign wealth fund ADQ, with Emirati developer Modon responsible for developing the first 50 mn phase of the 170 mn sqm project.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-el-hekma\/\">Ras el Hekma<\/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=\"105651\" 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=\"105651\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/dubai-amends-conciliation-law\/\">\r\n                            Dubai amends conciliation law                        <\/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\/17\/dubai-amends-conciliation-law\/\" 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\/17\/dubai-amends-conciliation-law\/')\">\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\/17\/dubai-amends-conciliation-law\/\">\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=Dubai amends conciliation law&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/dubai-amends-conciliation-law\/\">\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\/17\/dubai-amends-conciliation-law\/&title=Dubai amends conciliation law\">\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=Dubai+amends+conciliation+law+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fdubai-amends-conciliation-law%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\/17\/dubai-amends-conciliation-law\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1078.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105652\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/dubai-amends-conciliation-law\/1078-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1078.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1078.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1078.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1078.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105651\" class=\"content-area-description single-story post-105651 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-dubai tag-law tag-legislation tag-legislation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.e8209b5e-41e8-4ace-9160-1945e4aa5c80.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai introduces changes to conciliation law:<\/strong> Dubai Ruler and Prime Minister Mohammed bin Rashid Al Maktoum has issued amendments to Dubai's conciliation law to clarify the scope of reconciliation matters and set out new rules for the process of conciliation, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/july\/16-07\/mohammed-bin-rashid-issues-law-amending\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The amendments, part of efforts to modernize and improve efficiency in Dubai\u2019s judicial system, are set to go into effect after publication in the official gazette.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The amendments clarifies which cases require mandatory <\/strong><strong style=\"background-color: transparent;\">conciliation<\/strong><span style=\"background-color: transparent;\">, including personal status disputes and those referred by the Dubai Courts president and the Center for Amicable Settlement of Disputes (CASD). The <\/span><a target=\"_blank\" href=\"https:\/\/dlp.dubai.gov.ae\/Legislation%20Reference\/2021\/Law%20No.%20(18)%20of%202021%20Regulating%20Conciliation.html\" rel=\"noopener\">previous version of the law<\/a><span style=\"background-color: transparent;\"> did not explicitly mention personal status disputes.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CASD does not cover urgent cases<\/strong> and those relating to guardianship, inheritance, marriage, and ones outside of Dubai Courts\u2019 jurisdiction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who does what? <\/strong>A conciliator under a judge\u2019s supervision will review disputes registered in Dubai Courts\u2019 e-system and submit it to CASD. For personal status disputes, the Family Guidance and Reconciliation Committee will provide conciliation efforts \u2014 with the two bodies now able to get specialized opinions from experts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not happy with the decision? You have five business days to challenge it<\/strong>, if you have reasonable grounds to prove you were subject to fraud or deception during the process, and the judge should issue a ruling within five business days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the amendments?<\/strong> The changes aim to speed up dispute resolution, improve confidentiality, and reinforce enforceability in Dubai's conciliation process, Baker McKenzie arbitration and dispute resolution partner Sally Kotb told EnterpriseAM. Individuals and families will benefit from quicker, less costly, and more private resolution in personal matters, while businesses, especially SMEs, can gain from a clearer law environment, according to Kotb.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More clarity, more investment<\/strong><strong>:<\/strong> The amendments will align the UAE with international arbitration standards, which in turn will bolster investments, Kotb added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105653\" 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=\"105653\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/gensler-taps-new-co-md-for-mideast\/\">\r\n                            Gensler taps new co-MD for Mideast                        <\/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\/17\/gensler-taps-new-co-md-for-mideast\/\" 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\/17\/gensler-taps-new-co-md-for-mideast\/')\">\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\/17\/gensler-taps-new-co-md-for-mideast\/\">\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=Gensler taps new co-MD for Mideast&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/gensler-taps-new-co-md-for-mideast\/\">\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\/17\/gensler-taps-new-co-md-for-mideast\/&title=Gensler taps new co-MD for Mideast\">\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=Gensler+taps+new+co-MD+for+Mideast+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fgensler-taps-new-co-md-for-mideast%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\/17\/gensler-taps-new-co-md-for-mideast\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1109.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105654\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/gensler-taps-new-co-md-for-mideast\/1109-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1109.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1109.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1109.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1109.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105653\" class=\"content-area-description single-story post-105653 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-dubai tag-enterpriseam-uae tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.073eb351-9588-4c1e-be2b-17314c485bdc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gensler <\/strong><strong>appoints new co-head for Middle East operations: <\/strong>International design and architecture firm <a target=\"_blank\" href=\"https:\/\/www.gensler.com\/\" style=\"\" rel=\"noopener\">Gensler<\/a> has named Todd Pilgreen (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/toddpilgreen?originalSubdomain=cn\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as co-managing director, effective as of yesterday, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/gensler-middle-east-announces-new-leadership-to-steer-the-regions-next-chapter-gldmn0nr\" style=\"\" rel=\"noopener\">press release<\/a>. Pilgreen replaces outgoing director Tim Martin and will co-lead the regional practice alongside <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ff7bad1-01f0-4ea8-abfb-71a6db8d41b8\/royal-jet-appoints-new-ceo-%2B-gensler-gets-co-md-for-mideast\" style=\"\" rel=\"noopener\">Tariq Shaikh<\/a> who is based in Riyadh. Pilgreen has over three decades of international design leadership and previously co-led Gensler\u2019s Shanghai office.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/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=\"105655\" 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=\"105655\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/ripple-joins-dlds-real-estate-tokenization-project\/\">\r\n                            Ripple joins DLD\u2019s real estate tokenization project                        <\/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\/17\/ripple-joins-dlds-real-estate-tokenization-project\/\" 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\/17\/ripple-joins-dlds-real-estate-tokenization-project\/')\">\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\/17\/ripple-joins-dlds-real-estate-tokenization-project\/\">\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=Ripple joins DLD\u2019s real estate tokenization project&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/ripple-joins-dlds-real-estate-tokenization-project\/\">\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\/17\/ripple-joins-dlds-real-estate-tokenization-project\/&title=Ripple joins DLD\u2019s real estate tokenization project\">\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=Ripple+joins+DLD%E2%80%99s+real+estate+tokenization+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fripple-joins-dlds-real-estate-tokenization-project%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\/17\/ripple-joins-dlds-real-estate-tokenization-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105656\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/ripple-joins-dlds-real-estate-tokenization-project\/1368-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1368.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1368.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105655\" class=\"content-area-description single-story post-105655 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-construction tag-crypto tag-dp-world tag-dubai-land-department tag-enterpriseam-uae tag-food-and-beverage tag-logistics tag-ma tag-ripple tag-uae-india-relations tag-virtual-assets-regulatory-authority 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\/.76c16beb-476e-4946-819a-a92c7eeda17f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CRYPTO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ripple <\/strong><strong>to power tokenized property deeds in Dubai with Ctrl Alt: <\/strong>Crypto solutions firm Ripple has partnered with Ctrl Alt to provide custody infrastructure for the Dubai Land Department\u2019s (DLD) real estate tokenization project, according to a <a target=\"_blank\" href=\"https:\/\/ripple.com\/ripple-press\/ripple-expands-global-custody-footprint-into-middle-east-with-ctrl-alt\/\" style=\"\" rel=\"noopener\">press release<\/a>. Under the agreement, Ripple\u2019s institutional-grade technology will securely store tokenized title deeds on the XRP Ledger.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> DLD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6321492a-6735-4ce5-855d-b4cb9f396665\/dld-rolls-out-pilot-phase-of-real-estate-tokenization\" style=\"\" rel=\"noopener\">launched<\/a> the pilot phase of its real estate tokenization project in March, becoming the first real estate registry in the Middle East to tokenize property title deeds. The project is expected to drive AED 60 bn in tokenized property transactions by 2033. It tapped tokenization infrastructure firm Ctrl Alt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44e35dd6-d29d-4625-a7b6-d46b0b48a139\/dld-taps-ctrl-alt-for-real-estate-tokenization-project\" style=\"\" rel=\"noopener\">in May<\/a> to manage the minting of property title deed tokens.<\/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\">REGULATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>EC <\/strong><strong>issues new regulations for Sharjah\u2019s health sector:<\/strong> Sharjah Executive Council (SEC) will create a new comprehensive system to regulate the licensing of healthcare facilities and professionals through the Sharjah Health Authority, according to a <a target=\"_blank\" href=\"https:\/\/ec.shj.ae\/en\/news\/sec-issues-decision-to-regulate-health-activities-and-professions\/\" style=\"\" rel=\"noopener\">statement<\/a>. Key provisions include establishing the conditions and procedures for issuing licenses. The decision also details administrative penalties, committees for complaints and grievances, and fee structures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who it applies to: <\/strong>These regulations will apply to all medical professionals and all private and government-run health facilities \u2014 including those located within freezones \u2014 with the exception of federal establishments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yemen\u2019s HSA Group expands UAE footprint with GFC acquisition:<\/strong> <a target=\"_blank\" href=\"https:\/\/hsagroup.com\/explore-hsa-business\/our-companies\/commercial-companies\/frimex-investment-llc.aspx\" style=\"\" rel=\"noopener\">Frimex Investment<\/a>, part of Yemen\u2019s <a target=\"_blank\" href=\"https:\/\/www.hsagroup.com\/\" style=\"\" rel=\"noopener\">HSA Group<\/a> conglomerate, has finalized an agreement to acquire UAE\u2019s fast-moving consumer goods firm <a target=\"_blank\" href=\"https:\/\/www.gfcintl.com\/\" style=\"\" rel=\"noopener\">GFC General Trading<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/hsa-group_milestone-business-investment-activity-7350819458308849665-yxF_?utm_source=share&utm_medium=member_desktop&rcm=ACoAAC2ztkwBFYbzqAQ6m5yG4em39cMkRLOAbjA\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GFC + Frimex: <\/strong>Founded in 2003, GFC is a player in the UAE\u2019s chilled and fresh food distribution market, supplying more than 600 retail outlets daily \u2014 including Adnoc, Emarat, Enoc. Fremix operates across the FMCG, packaging, distribution, real estate, and private equity sectors.<\/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\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Emirates<\/strong> <strong>courier starts delivery in Australia:<\/strong> Emirates\u2019 new delivery solutions firm Emirates Courier Express is expanding into Australia, with plans to directly deliver parcels in Brisbane, Melbourne, Perth, and Sydney in Australia through 70 flights, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/july\/16-07\/emirates-courier-express-expands-to-australia\" style=\"\" rel=\"noopener\">press release<\/a>. Parcels will be picked up and delivered within a few days as Emirates looks to tap into underserved Australian markets, currently affected by logistical challenges, unstable delivery costs, and slow shipping times.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s new?<\/strong> Emirates Courier Express will bypass traditional hub-and-spoke models by using its direct Dubai connections to reduce time lost in transit and parcel handling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The parcel delivery service had <\/strong><strong><a target=\"_blank\" href=\"-adnoc-shortlisted-for-acquisition-of-shell%e2%80%99s-downstream-assets-in-south-africa-+-wood-resets-the-clock-on-sidara%e2%80%99s-takeover-bid\" style=\"\" rel=\"noopener\">planned to expand<\/a><\/strong><a target=\"_blank\" href=\"-adnoc-shortlisted-for-acquisition-of-shell%e2%80%99s-downstream-assets-in-south-africa-+-wood-resets-the-clock-on-sidara%e2%80%99s-takeover-bid\" style=\"\" rel=\"noopener\"><\/a> <strong><a target=\"_blank\" href=\"-adnoc-shortlisted-for-acquisition-of-shell%e2%80%99s-downstream-assets-in-south-africa-+-wood-resets-the-clock-on-sidara%e2%80%99s-takeover-bid\" style=\"\" rel=\"noopener\">into Australian, Asia<\/a><\/strong><strong><a target=\"_blank\" href=\"-adnoc-shortlisted-for-acquisition-of-shell%e2%80%99s-downstream-assets-in-south-africa-+-wood-resets-the-clock-on-sidara%e2%80%99s-takeover-bid\" style=\"\" rel=\"noopener\">n and US markets<\/a><\/strong><strong> this year<\/strong>, with plans to tap into India within the \u201cnext few months.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>DP World, India in<\/strong><strong>k MoU on autonomous freight rail: <\/strong>State ports operator DP World, India\u2019s Deendayal Port Authority, and Polish transport solutions provider Nevomo have inked an MoU to mull the deployment of autonomous magnetic rail freight movement solutions in India, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-deendayal-port-authority-and-nevomo-sign-mou-to-explore-autonomous-magnetic-rail-freight-movement-in-india\/\" style=\"\" rel=\"noopener\">statement<\/a>. They will assess the feasibility of its implementation at DP World\u2019s Kandla terminal at Deendayal Port. No investment ticket or timeline for the project have been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Under the agreement, the three firms will test Nevomo\u2019s MagRail technology for the self-driven movement of rail-based cargo and freight. The pilot project will be implemented on some 750 meters at the port to install autonomous and electric-powered wagons.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first UAE-Nevomo tie-up:<\/strong> National railway network operator Etihad Rail inked an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fcb8d6de-872c-408a-85fb-94e35e09535d\/hafeet%253cmark%253e-rail%253c%2Fmark%253e-and-etihad%253cmark%253e-rail%253c%2Fmark%253e-ink-a-slew-of-agreements-at-global%253cmark%253e-rail%253c%2Fmark%253e-summit\" style=\"\" rel=\"noopener\">last October with Nevomo<\/a> to explore the potential for integrating autonomous solutions into the railway sector. <\/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>Ethiopian <\/strong><strong>Airlines touches down in Abu Dhabi: <\/strong>Ethiopian Airlines has launched a new daily passenger flight between Addis Ababa and Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/aviation\/ethiopian-airlines-launches-passenger-service-to-abu-dhabi-ib4eyh1v\" style=\"\" rel=\"noopener\">press release<\/a>. The carrier now flies to four UAE airports \u2014 Dubai International Airport, Al Maktoum International Airport, Sharjah International Airport, and Abu Dhabi\u2019s Zayed International.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Etihad Airways and Ethiopian Airlines activated a codeshare agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/df27cd5b-15aa-45b0-bdac-6003b9c91fab\/another-uk-school-comes-to-the-emirates\" style=\"\" rel=\"noopener\">in June<\/a>, expanding connectivity between Africa and the Middle East, Australia, and Asia. Ethiopian Airlines already launched an Addis Ababa-Abu Dhabi service on 15 July, while Etihad will run daily flights to the Ethiopian capital starting 8 October.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-land-department\/\">Dubai Land Department<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ripple\/\">Ripple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/virtual-assets-regulatory-authority\/\">Virtual Assets Regulatory Authority<\/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=\"105657\" 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=\"105657\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/trumps-tariffs-start-to-bite-driving-us-inflation-up-in-june\/\">\r\n                            US Inflation accelerates to 2.7% in June, analysts point to tariffs                        <\/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\/17\/trumps-tariffs-start-to-bite-driving-us-inflation-up-in-june\/\" 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 jump suggests that US tariffs are starting to leave their mark on the consumer price index (CPI). Meanwhile, core CPI was up 2.9% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Tariffs are getting all the blame<\/strong><span style=\"background-color: transparent;\">. Prices for goods exposed to tariffs \u2014 including toys and appliances \u2014 rose at the fastest rates seen in years, according to the Bureau of Labor Statistics. The tariff impact is still modest, as businesses have likely absorbed a large portion of the costs so far, Cornell University Economics Professor Eswar Prasad told the <\/span><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/65b1fb44-6391-4f74-82db-2d7eb6aaafa9\" rel=\"noopener\">Financial Times<\/a><span style=\"background-color: transparent;\">. This will likely change if Trump moves ahead with additional tariff threats, leading to higher costs passed to customers, Prasad says.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global impact? <\/strong>Trump\u2019s tariffs may impact consumers beyond the US market, as global brands are considering spreading costs across markets, Proxima Executive VP Simon Geale told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82e32f7c-47e2-4e96-bb53-a58377e18aa9\" style=\"\" rel=\"noopener\">FT<\/a>. Smart sourcing and cost savings strategies may not be enough to soften the impact of tariffs on US consumers if prices rise beyond 5%, Geale added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most trading partners opted for negotiating their way around the problem<\/strong>, with only China and Canada opting for retaliatory tariffs. Meanwhile, the EU steered clear from open confrontation with Trump, welcoming a backchannel opened by US Treasury Secretary Bessent, as well as adding military support for Ukraine to ongoing negotiations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- Appeasing can be a slippery slope<\/strong>: The EU Trade Commissioner cautioned that a 30% US tariff could halt transatlantic trade, leaving the bloc with \u201cnothing to lose\u201d and likely provoking retaliation. This creates a difficult strategic choice, as avoiding retaliation in the short term may lead to ceding long-term dominance of global supply chains to the US, head of global economy at Chatham House Creon Butler said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US coffers are swelling in the meanwhile: <\/strong>Customs revenues soared to a record USD 64 bn in 2Q 2025, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82e32f7c-47e2-4e96-bb53-a58377e18aa9\" style=\"\" rel=\"noopener\">funneling an additional USD 47 bn<\/a> into the US treasury compared to the same period last year.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly in the red<\/strong> <strong>this morning<\/strong>, led by Japan\u2019s Nikkei inching down 0.3% after trade figures showed Japanese exports fell for the second month straight. Wall Street futures are also indicating a lower opening ahead.<\/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\">10,176<\/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: +8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,974<\/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: +15.8%)<\/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>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\">4,973<\/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: +19.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% 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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,039<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -8.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">33,474<\/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: +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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,264<\/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: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,927<\/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: +9.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,298<\/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: +8.2%)<\/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>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 68.68<\/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-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 3.56<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1%<\/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>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 3,355<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 119,974<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% (YTD: +28.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.62<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">145.49<\/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: +4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">17.16<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: -1.1%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 1.0% yesterday <\/strong>on turnover of AED 419.6 mn. The index is up 15.8% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Dubai National Ins. and Reinsurance (+8.8%), Dubai Refreshment Company (+7.7%) and Al Ramz Corporation Investment and Development (+4.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Ithmaar Holding (-7.0%), Al Firdous Holdings (-3.5%) and International Financial Advisors (-3.1%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, rose 0.3% on turnover of AED 1.7 bn. Meanwhile, Nasdaq Dubai was up 0.8%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tariff\/\">Tariff<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"105659\" 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=\"105659\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/more-cooperation-on-industrials-and-tourism-with-turkey-and-tajikistan\/\">\r\n                            More cooperation on industrials and tourism with Turkey and Tajikistan                        <\/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\/17\/more-cooperation-on-industrials-and-tourism-with-turkey-and-tajikistan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n    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href=\"https:\/\/api.whatsapp.com\/send?text=More+cooperation+on+industrials+and+tourism+with+Turkey+and+Tajikistan+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F17%2Fmore-cooperation-on-industrials-and-tourism-with-turkey-and-tajikistan%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\/17\/more-cooperation-on-industrials-and-tourism-with-turkey-and-tajikistan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1133.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"105660\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/more-cooperation-on-industrials-and-tourism-with-turkey-and-tajikistan\/1133-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1133.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1133.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1133.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1133.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105659\" class=\"content-area-description single-story post-105659 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-uae-turkey-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\/.ce0d7d99-0889-49b6-a106-06432b6d663f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More cooperation with Turkey\u2026: <\/strong>The UAE and Turkey inked several MoUs to boost cooperation in food and agriculture, tourism, pharma, and industrials, during President Mohamed bin Zayed Al Nahyan\u2019s visit to the country yesterday, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkpnmn5-uae-turkish-presidents-witness-exchange-agreements\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026and Tajikistan: <\/strong>The UAE and Tajikistan are set to deepen their economic partnership across various sectors, following a meeting between Economy Minister Abdulla Bin Touq Al Marri and Tajikistan's Economic Development and Trade Minister Zavqi Zavqizoda, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/mineconomtajikistan\/posts\/pfbid02nniJYrQyfCUhvetPimJQvugcVEzkfvGqnmpJ2DXSL6vYnPXpyu292CXNkBB2oMvtl?__cft__[0]=AZX8_7S_4VAiqkUxHtUcO-_dWacV22Mc7vumtYPvJ-ADZq6InRz3mBn8qqB_6u9WSk16suvlUFPrdy03pYr2aGlrq01sIEUYFyZl_n4UP42PZqDkg5NdwXr686-vW5FcXTGxQNQDh_yBKGItWaogGM8usmo899iFjtywwpJhvHppxi6w7a4SXeANV2q8CHo76G0W-0FYVNCCFpJ_j0KFOd0-&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">statement<\/a> from the Tajik ministry. The two nations have already doubled their trade volume in 1H 2025 compared to the same period last year and are actively seeking to strengthen trade ties in the coming years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Both sides have identified green energy, industry, agriculture, tourism, aviation, and logistics as priority sectors to explore untapped trade and investment windows. During the meeting, Zavqizoda urged Al Marri to intensify the UAE\u2019s investment efforts in the Central Asian country, specifically pressing for a quick finalization of the investment agreement with the Abu Dhabi Development Fund for Rogun Hydropower Plant, according to the news agency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>T<\/strong><strong>he <\/strong><strong>UAE is launching a desalination water plant and pipeline to supply southern Gaz<\/strong><strong>a with clean water supplies<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkp2717-operation-chivalrous-knight-launches-largest-water\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Once completed, the pipeline \u2014 315 mm wide and spanning over 6.7 km \u2014 will connect a desalination plant on the Egyptian border with the Gaza Strip\u2019s Khan Younis and Rafah governorates, where displaced Palestinians are sheltering amid Israel\u2019s onslaught on Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project aims to provide <\/strong><strong>600k <\/strong><strong>people in<\/strong><strong> southern Gaza with 15 liters of desalinated <\/strong><strong>water per person daily<\/strong>, in an effort to alleviate the humanitarian crisis that ensued as 80% of its water infrastructure was destroyed by Israeli bombardment.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-turkey-relations\/\">UAE-Turkey 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=\"105661\" 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\/17\/105661-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-105661\" class=\"content-area-description single-story post-105661 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 style=\"font-weight:400;\">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 style=\"font-weight:400;\">8-15 August (Friday-Friday): Expected trading window for Al Mal Capital REIT\u2019s new units 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: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>8-19 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/upc28dubai.post\/\" style=\"\">Universal Postal Congress<\/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>23-24 September (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menaevshow.com\/#:~:text=Welcome%20to%20MENA%20EV%20Show,Focus%20Sectors\" style=\"\">MENA EV Show<\/a><\/span><span style=\"font-weight:400;\">, The Agenda, Dubai Media City. <\/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 (Tuesday-Thursday): <\/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 style=\"font-weight:400;\">15-18 October (Wednesday-Saturday): Middle East Electric Vehicle Show, Expo Center Sharjah. <br \/><\/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<\/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;\">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<\/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;\">JANUARY 2026 <\/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 January: Client asset regime changes in Dubai International Financial Center take effect. <\/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;\">9-11 January (Friday-Sunday): 1 Bn Followers Summit, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY 2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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><\/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 in 2026: <\/span><\/p>\n<ul>\n<li><span>31 March - 2 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bkogr9j-dubai-press-club-organise-arab-media-summit-2026\" style=\"\">Arab Media Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai.  <\/span><\/li>\n<li><span>13-15 April ( Monday-Wednesday) : <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/dubai-to-host-third-edition-of-international-glass-manufacturing-show-in-april-2026-bjw53wgq\" style=\"\">The International Glass Manufacturing Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/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 <\/span><\/li>\n<li><span style=\"font-weight:400;\">Dubai Future Finance Week<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bk8zh7y-investopia-host-inaugural-global-talks-tashkent\" style=\"\">Investopia Global Talks<\/a><\/span><span style=\"font-weight:400;\">, Tashkent<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in October 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi Space Week, Abu Dhabi.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi\u2019s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime between 2027 and 2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai.<\/span><\/li>\n<li><span style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus:  IHC acquires SME financing player + NWTN secures USD 100 mn investment<\/p>\n","protected":false},"featured_media":105636,"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-105635","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"efb9053f-c1fa-4308-8632-cfa42151617b","teaser":"Plus:  IHC acquires SME financing player + NWTN secures USD 100 mn investment","photo_url":"https:\/\/ent.news\/2024\/1\/905.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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