{"id":106038,"date":"2025-07-30T00:00:00","date_gmt":"2025-07-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=106038"},"modified":"2025-12-15T04:29:52","modified_gmt":"2025-12-15T04:29:52","slug":"arada-wraps-usd-450-mn-sukuk-plus-adgm-tightens-cyber-risk-rules","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/arada-wraps-usd-450-mn-sukuk-plus-adgm-tightens-cyber-risk-rules\/","title":{"rendered":"Arada wraps USD 450 mn sukuk. PLUS: ADGM tightens cyber risk rules"},"content":{"rendered":"<section id=\"106040\" 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=\"106040\">\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\/30\/this-morning-g42-in-line-for-compute-from-northern-data-dubai-land-department-eyes-wider-rollout-of-tokenization-program-this-fall\/\">\r\n                            THIS MORNING: G42 in line for compute from Northern Data? + Dubai Land Department eyes wider rollout of tokenization 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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy hump day. <\/strong>It\u2019s another busy newsday on the home front, with a new <strong>sukuk issuance<\/strong> from Sharjah developer <strong>Arada<\/strong>, <strong>Space42<\/strong> inking an agreement to map Africa with Microsoft and Esri, and <strong>ADGM<\/strong> issuing new <strong>cyber risk management rules<\/strong>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus:<\/strong> New data from Knight Frank on <strong>industrial and logistics space<\/strong> in <strong>Dubai<\/strong> shows a big dip in demand in 1H 2025, as rents continue to climb and supply remains limited. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s s<\/strong><strong>till <\/strong><strong>hot out there: <\/strong>Daytime highs will hit 42\u00b0C in <strong>Dubai&nbsp;<\/strong>before dipping to 34\u00b0C after dark. <strong>Abu Dhabi <\/strong>will see a daytime high of 44\u00b0C, with nighttime lows of 33\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- State AI firm G42\u2019s cloud computing arm Core42 is close to securing compu<\/strong><strong>te from Germany\u2019s Northern Data <\/strong>as it looks to expand in Europe, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-29\/abu-dhabi-s-g42-close-to-ai-compute-deal-with-northern-data?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The firm would get data center capacity and access to 23k Nvidia GPUs, the sources said, though the details of the agreement could still change. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Northern Data? <\/strong>The German firm operates data centers in the US, Sweden, Norway and Portugal, and was previously offering computing capacity to cryptocurrency miners but has more recently pivoted to AI powerhouses amid rising demand from that sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- G42 recently <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2ea4dc92-40b7-4ed2-a930-c413c47c600b\/%253cmark%253eg42%253c%2Fmark%253e-launches-uk-europe-unit\" style=\"\" rel=\"noopener\">launched<\/a><\/strong><strong> a UK and Europe-focused subsidiary<\/strong> headquartered in London, as it looks to expand its AI infrastructure footprint across the region.The firm already has big plans in Europe, including a planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c847763-bbd7-40ae-aeb2-e0971a5e3fb3\/g42-to-help-develop-supercomputer-in-italy\" style=\"\" rel=\"noopener\">USD 1 bn investment<\/a> to develop Europe\u2019s largest AI compute deployment in Italy\u2019s Puglia region, while G42-backed AI investor MGX is helping fund a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e054972b-bc3f-451b-8965-125be14f5b06\/mgx,-nvidia,%253cmark%253e-france%253c%2Fmark%253e-to-build-europe%25e2%2580%2599s-biggest-ai-hub\" style=\"\" rel=\"noopener\">1.4 GW AI campus<\/a> outside Paris.<\/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>DLD <\/strong><strong>eyes wider trading, digital currency payments for tokenization project: <\/strong>The Dubai Land Department (DLD) is preparing to expand its real estate tokenization project by allowing investors to participate using digital currencies, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2025-07-28\/%D8%AF%D8%A8%D9%8A-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%AA%D9%85%D9%84%D9%8A%D9%83-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B1%D9%85%D8%B2%D8%A9-%D8%A8%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%B1%D9%82%D9%85%D9%8A%D8%A9-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-2025-6019451\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> quotes DLD Real Estate Policy and Innovation Director Mahmoud Al Burai as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DLD aims to roll out the feature by the end of this year,<\/strong> and is working with Dubai\u2019s Virtual Assets Regulatory Authority, the Central Bank of the UAE, and the Dubai Future Foundation on a regulatory framework. The law already allows tokenized real estate purchases using crypto, provided the funds are converted into stablecoin and then into AED.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more: <\/strong>Secondary trading of tokenized shares will be available from September to investors in the project\u2019s pilot phase, which launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6321492a-6735-4ce5-855d-b4cb9f396665\/dld-rolls-out-pilot-phase-of%253cmark%253e-real-estate-tokenization%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">in March<\/a> but restricted resale activity. Dubai will also expand the model to off-plan properties and allow non-residents to participate globally.<\/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>Dubai<font face=\"Arial\">&nbsp;<\/font><\/strong><strong>Courts is now offering judicial services from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaihub.uk\/\" style=\"\" rel=\"noopener\">Dubai Hub London<\/a><\/strong>, marking the first time that the emirate\u2019s judicial authority is operational outside the UAE, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/DubaiCourts\/status\/1950077990517243930\" style=\"\" rel=\"noopener\">post on X<\/a>. The move aims to help businesses and investors looking to set up shop in the emirate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Launched in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bba0c65e-975d-4e7c-a631-2fbfc8ea2553\/barakah-nuclear-plant-to-get-fuel-assemblies-from-framatome\" style=\"\" rel=\"noopener\">mid-July<\/a> by Dubai Chambers as its first services center, the London location now hosts a suite of services from different entities, including the Dubai Land Department, the Economy and Tourism Department, and Dubai Courts \u2014 covering property registration, licensing, judicial, and administrative processes. More services are expected in future phases.<\/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>New <\/strong><strong>working group to bring investment to Ajman: <\/strong>Ajman Crown Prince Ammar bin Humaid Al Nuaimi has formed a working group of stakeholders from key investment entities in Ajman to attract funds to the emirate, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bkwstkr-ammar-bin-humaid-establishes-new-working-group\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The group will collaborate with both local and federal authorities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agenda:<\/strong> The group is tasked with identifying and promoting key markets and sectors \u2014 including infrastructure, tech, digitization, and manufacturing \u2014 to both regional and international investors. It will also develop legislative and regulatory initiatives to facilitate capital inflows from investors, and organize outreach programs and a marketing campaign.<\/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=\"wwtt4\"><\/a> <strong>#5- Abu Dhabi expands autonomous taxi rollout: <\/strong>Abu Dhabi Mobility has expanded its autonomous taxi services to include Al Reem and Al Maryah Islands, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/transport\/integrated-transport-centre-abu-dhabi-mobility-expands-operation-of-autonomous-taxis-to-al-reem-and-al-maryah-islands\/\" style=\"\" rel=\"noopener\">statement<\/a>. The project is set to be spearheaded by Abu Dhabi Mobility in collaboration with autonomous driving solutions firm WeRide, Uber, and local operator Tawasul Transport, operating under the nation\u2019s Smart and Autonomous Systems Council\u2019s (SASC) strategy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Autonomous taxis are already operational in <\/strong><strong>Al Saadiyat and Yas Islands, and routes to Zayed International Airport.<\/strong> The inclusion of Al Maryah and Al Reem expands autonomous taxi services to nearly half of Abu Dhabi\u2019s core areas \u2014 in line with the city's goal to transition 25% of trips in the country to rely on smart transportation by 2040.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt5\"><\/a> #1- <strong>Dubai&nbsp;<\/strong><strong>International Airport (<\/strong><strong>DXB<\/strong><strong>) <\/strong><strong>handled<\/strong><strong> 46 mn guest<\/strong><strong>s on 22k <\/strong><strong>flights<\/strong><strong> in 1H <\/strong><strong>2025<\/strong>, a 2.3% increase compared to 1H 2024, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/july\/29-07\/dxb-marks-busiest\" style=\"\" rel=\"noopener\">statement<\/a>. Some 22.5 mn passengers passed through the airport in 2Q 2025, up 3.1% growth y-o-y. During this period, DXB handled 1 mn tons of cargo, only marginally up 0.1%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The majority of passengers hailed from India<\/strong>, with 5.9 mn passengers passing through DXB, followed closely by Saudi Arabia with 3.6 mn, the UK with 3 mn, Pakistan with 2.1 mn, and 1.6 mn from the US. London emerged as the top destination, with 1.8 mn passengers heading there, followed by Riyadh with 1.5 mn and Mumbai with 1.2 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The airport will likely see more footfall in 2H<\/strong>: The airport\u2019s CEO, Paul Griffiths, now expects 96 mn passengers to come through for the year due to a late-summer rush as schools re-open, and on the back of Dubai Airshow in November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Slowing growth: <\/strong>After a few years of quick growth, averaging 57.7% annually between 2021 and 2023 \u2014 on the back of a post-pandemic surge \u2014 passenger growth has slowed down as global air travel returns to normal, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratesnbdresearch.com\/-\/media\/dubai-international-sees-record-h1-2025.pdf\" style=\"\" rel=\"noopener\">research note<\/a> from Emirates NBD. However, tourist arrivals in Dubai will continue to drive growth in numbers, with 8.7 mn overnight visitors recorded in 1H 2025, it said.<\/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>#2- The global ESG sukuk market is set to surpass USD 60 bn outstanding by the end of 2026<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/islamic-finance\/esg-sukuk-market-to-surpass-usd60-billion-by-end-2026-no-defaults-29-07-2025\" style=\"\" rel=\"noopener\">Fitch Ratings<\/a>. The market reached USD 50 bn in 1H 2025, up 12% y-o-y, with the GCC accounting for more than half of this and the UAE and Saudi Arabia being responsible for the majority of outstanding issuances within the GCC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook for the rest of the year: <\/strong>Fitch expects a seasonal slowdown in 3Q before a rebound for the final quarter of this year \u2014 in line with trends in the wider sukuk market. Potential headwinds including geopolitical risks, oil price volatility, and greenwashing concerns could affect issuance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The broader picture: <\/strong>Global sukuk issuance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/701e6eb1-fbf0-443b-96e4-10e13d472e4b\/Global%20sukuk%20issuance%20down%2015%25%20in%201H%20-S&amp;P%20Global\" style=\"\" rel=\"noopener\">fell 15% y-o-y to USD 101.3 bn<\/a> during the first six months of this year, according to an S&amp;P Global report. However, foreign currency sukuk saw a 9% uptick to USD 41.4 bn, and the agency expects sukuk to be a major source of financing for countries reliant on oil revenues next year.<\/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>There\u2019s <\/strong><strong>a new directory of family business advisors in Dubai: <\/strong>The Dubai Center for Family Businesses has launched a dedicated directory of family business advisors to make consulting services more accessible for family offices, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/july\/28-07\/dubai-centre-for-family-businesses-launches-first-family-business-advisors-directory-in-dubai\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The directory will allow family businesses to connect with 56 different advisors, with detailed profiles listed and categorized as either professionals with practical experience in family office advising, or certified consultants.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US Federal Reserve\u2019s Open Market Committee wraps up its two-day meeting tod<\/strong><strong>ay<\/strong>, which analysts expect will see the Fed staying the course and hold rates steady despite <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/76f13fc1-bceb-4d2f-a326-bd1bf256fc04\" style=\"\" rel=\"noopener\">continued pressure from US President Donald Trump<\/a>. The Fed is broadly expected to gradually begin reducing interest rates starting in September. <\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s relatively calm in the foreign press this morning<\/strong>, as we gear up for a much busier few days heading into the weekend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch out for:<\/strong> Today\u2019s <strong>Fed decision<\/strong> and indicators for future rates decisions; a slew of <strong>corporate earnings<\/strong>, including from Meta and Microsoft later today and Apple and Amazon tomorrow; and a potentially big day for <strong>markets<\/strong> on Friday, when higher US tariffs are set to take effect. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For now, the story getting the most attention in the foreign press:<\/strong> The US and China have wrapped their trade talks in Stockholm with no agreement in sight yet, though US President Donald Trump said Treasury Secretary Scott Bessent felt \u201cgood\u201d about the talks. Trump would have to give final approval on any agreement, Bessent confirmed. The 90-day pause on tariffs is set to expire on 12 August, after which Chinese exports could be subject to up to a 125% tariff \u2014 as floated by Trump earlier in the year. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-29\/us-china-agree-to-continue-talks-on-a-tariff-truce-extension?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/07\/29\/trump-china-trade-tariffs-bessent.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/us-china-tariff-truce-holds-now-us-says-trump-has-final-say-2025-07-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/jul\/29\/us-and-china-poised-to-extend-tariff-truce-after-failing-to-find-resolution-at-talks\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of tariffs: <\/strong>Procter &amp; Gamble is forecasting a USD 1 bn hit on the back of US tariffs, and said it would hike prices \u201cmoderately\u201d in the US as part of its long-term strategy. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5f7338a9-17ba-4f86-a5c7-25b7a1c3954c\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also getting ink: <\/strong>AI firm Anthropic is eyeing a USD 170 bn valuation with a USD 5 bn new funding round set to be led by Iconiq Capital, with potential investments from the the Qatar Investment Authority and Singapore\u2019s sovereign fund GIC. This comes shortly after a note to staff from Anthropic CEO Dario Amodei said he\u2019s looking towards the region for funding despite still holding it in contempt. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-29\/anthropic-nears-deal-to-raise-funding-at-170-billion-valuation\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2025\/07\/29\/anthropic-to-be-valued-at-170b-in-iconiq-led-funding.html\" style=\"\" rel=\"noopener\">CNBC<\/a>) <\/p>\n<p><strong>ALSO- The UK said it would recognize Palestine if Israel does not end the war by September<\/strong>, British Prime Minister Keir Starmer said yesterday, following in the footsteps of French President Emmanuel Macron, who said France will recognize the Palestinian state at the United Nations General Assembly in New York in September. (<a target=\"_blank\" href=\"https:\/\/www.dw.com\/en\/uk-to-recognize-palestine-state-unless-israel-stops-gaza-war\/a-73458881\" style=\"\" rel=\"noopener\">DW<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cpdjvn1eeplo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.npr.org\/2025\/07\/29\/nx-s1-5484001\/uk-palestinian-state-israel-hamas-gaza\" style=\"\" rel=\"noopener\">NPR<\/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 and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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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=\"106043\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/arada-wraps-up-usd-450-mn-sukuk-issuance\/\">\r\n                            Arada wraps up USD 450 mn sukuk issuance                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/arada-wraps-up-usd-450-mn-sukuk-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1763.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106044\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/arada-wraps-up-usd-450-mn-sukuk-issuance\/1763-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1763.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1763.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1763.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1763.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106043\" class=\"content-area-description single-story post-106043 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-arada-developments tag-debt tag-debt-watch tag-enterpriseam-uae tag-sukuk 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\/.dde6baa3-3b87-4c53-b7d9-85aa37631678.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Arad<\/strong><strong>a closes USD 450 mn sukuk issuance: <\/strong>Sharjah-based real estate developer Arada closed a Reg S USD 450 mn, 5-year sukuk issuance, which has been listed on the Nasdaq Dubai and the London Stock Exchange, according to a <a target=\"_blank\" href=\"https:\/\/www.arada.com\/en\/latest-news\/arada-returns-to-global-debt-markets-with-successful-closure-of-4-times-oversubscribed-450-million-sukuk\/\" style=\"\" rel=\"noopener\">statement<\/a>. Arada was reportedly looking to raise <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6923761b-b089-4310-961c-9296b7eb77d6\" style=\"\" rel=\"noopener\">USD 500 mn<\/a> from the sukuk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The issuance was priced with an annual investment yield of 7.150%, which is lower than the initial price guidance of 7.625 - 7.750%, and 317 basis points over US Treasury bonds. This represents the narrowest reoffer spread Arada has ever achieved. The issuance received a rating of BB- from Fitch and B1 from Moody's credit rating agency.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance was 4x oversubscribed:<\/strong> The subscription book came in at over USD 2 bn for the issuance, approximately 4x the offer size, with participation from regional and international investors including banks, asset managers, investment funds, and hedge funds from Europe, the Middle East, and Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arada last hit the sukuk market in 2024: <\/strong>The property developer completed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/70b6beba-645f-4eed-85e7-55b5cb586c5f\/uber-and-weride-are-bringing-robotaxis-to-the-uae\" style=\"\" rel=\"noopener\">USD 150 mn<\/a> tap into an existing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6e692480-3630-4006-8ff0-00014263c1ac\/arada-closes-usd-400-mn%253cmark%253e-sukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 400 mn sukuk issuance<\/a> on both the London Stock Exchange and Nasdaq Dubai in September of last year, bringing the total issuance to USD 550 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the new funds go? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/57967ae8-190f-43d5-a635-8c38e35e6be4\/this-morning:-us-to-ease-ai-exports%3F-%2B-no-more-otps-as-of-today,-cbuae-says\" style=\"\" rel=\"noopener\">Last week<\/a>, Arada said it was set to launch a tender offer to buy back up to USD 100 mn of its existing sukuk due in 2027. The offer had a purchase price of 102.75% of the nominal value and will remain open until Thursday, July 31. The remaining amount will be allocated for the company's general corporate purposes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Arab Bank, Arqaam Capital, Bank ABC, Rakbank, Sharjah Islamic Bank, and Warba Bank acted as joint lead managers and bookrunners. Our friends at Mashreq, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, and Standard Chartered Bank acted as joint global coordinators for the issuance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/arada-developments\/\">Arada Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/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=\"106045\" 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=\"106045\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/adgm-tightens-cyber-risk-rules\/\">\r\n                            ADGM tightens cyber risk rules                        <\/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\/30\/adgm-tightens-cyber-risk-rules\/\" 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\/30\/adgm-tightens-cyber-risk-rules\/')\">\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\/30\/adgm-tightens-cyber-risk-rules\/\">\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=ADGM tightens cyber risk rules&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/adgm-tightens-cyber-risk-rules\/\">\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\/30\/adgm-tightens-cyber-risk-rules\/&title=ADGM tightens cyber risk rules\">\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=ADGM+tightens+cyber+risk+rules+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F30%2Fadgm-tightens-cyber-risk-rules%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\/30\/adgm-tightens-cyber-risk-rules\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106046\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/adgm-tightens-cyber-risk-rules\/1135-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1135.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106045\" class=\"content-area-description single-story post-106045 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-adgm tag-financial-services-regulatory-authority tag-regulation-watch tag-tech wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.5103180c-4cbc-4619-bb2a-eaa8c7d6e6bc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADGM<\/strong> <strong>firms must now integrate cyber risk into their core risk systems: <\/strong>The Financial Services Regulatory Authority (FSRA) has issued a new cyber risk framework, mandating that all authorized persons and recognized bodies integrate cyber risk management into their overall enterprise risk frameworks, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1847.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The regulation will take effect from 31 January 2026, giving firms a six-month transition period to comply.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">We knew this was coming: <\/strong><span style=\"background-color: transparent;\">FRSA had first floated the proposal <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49566b5f-4bd3-4d45-a0a7-fa957002224e\/this-morning:-fuel-prices-are-up-slightly-in-may-%2B-two-new-potential-ipos-in-the-cards\" rel=\"noopener\">in May<\/a><span style=\"background-color: transparent;\">, publishing a consultation paper that laid out the planned amendments and opened the door for public feedback.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regulatory <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1846.pdf\" style=\"\" rel=\"noopener\">amendments (pdf)<\/a><\/strong><strong> introduces new compliance and incident response obligations<\/strong>, starting with a cyber risk management framework that firms will need to set up to assess cyber risks and determine response plans for day-to-day operations as well as cyber threats. The framework must be reviewed and updated on an annual basis, be proportionate to the scope and scale of the firm\u2019s activities, and be able to protect its ICT assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scoping out external partners: <\/strong>They\u2019ll also have to conduct due diligence on their IT and cybersecurity service providers, and ensure outsourcing arrangements do not weaken their ability to manage cyber threats. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Monitoring and reporting: <\/strong>Firms will have to make sure a system is in place to regularly test the resilience of their IT systems, and report material cyber incidents \u2014 where financial losses or operational disruptions and compromised data are involved \u2014 to the FRSA within 24 hours of identification. They\u2019ll also be obliged to keep an inventory of ICT assets, classified according to their level of confidentiality, along with an assessment of how at risk each asset is.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is responsible? <\/strong>Senior management and boards are now explicitly accountable for overseeing cyber risk and making sure the cyber risk management framework is properly implemented. They will also have to make sure they are aware of and trained for developments in the field of cybersecurity, maintain up-to-date anti-malware software, and ensure that only the lowest level of access is granted for tasks in order to mitigate risk as much as possible.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-services-regulatory-authority\/\">Financial Services Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"106047 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=\"106047\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/106047-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106047\" class=\"content-area-description single-story post-106047 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"106048\" 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=\"106048\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/demand-for-industrial-logistics-space-in-dubai-drops-by-a-third-in-1h-2025-as-rents-climb-amid-limited-stock\/\">\r\n                            Demand for industrial, logistics space in Dubai drops by a third in 1H 2025 as rents climb amid limited stock                        <\/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\/30\/demand-for-industrial-logistics-space-in-dubai-drops-by-a-third-in-1h-2025-as-rents-climb-amid-limited-stock\/\" 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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This follows a record 2024, which saw demand for 40.6 mn sq ft in industrial and logistics space throughout the year. <\/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 combination of increased rents and limited supply led many occupants to stay in their existing facilities<\/strong><span style=\"background-color: transparent;\"> and delay their expansion plans by two to four years, when more supply is set to come online, the report said. Rents in Al Quoz were still the highest across the emirate, with grade A rents coming in at AED 85 per sq ft \u2014 up 31% y-o-y. Dubai Investments Park follows with average rents of AED 60 per sq ft, up 33% y-o-y.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three core sectors continued to dominate demand in Dubai<\/strong>, with logistics accounting for 27% of required space during 1H 2025. The manufacturing sector was next with 17%, and retail and trading made up 14%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Abu Dha<\/strong><strong>bi<\/strong>, rents in certain areas saw significant upticks. Kezad Mussafah recorded average price rises of 57% y-o-y to AED 500 per sqm, while Abu Dhabi Airports Freezone held the top spot with AED 625 per sqm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tight market conditions in Dubai and Abu Dhabi are prompting firms to look to northern emirates like Umm Al Quwain instead<\/strong> \u2014 though perhaps this will not be a safe option for long, with rents there climbing 40% y-o-y on average. Firms are also increasingly opting for mid-sized units, which overtook larger spaces to become the most in-demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook: <\/strong>Dubai\u2019s supply shortage is expected to continue this year, with only 780k sq ft of new stock expected \u2014 almost half of which will come from Radius Group\u2019s planned 355k sq ft development in Dubai Investments Park 2. The medium-term outlook appears more positive, with 7.2 mn sq ft of industrial and logistics space currently under development through 2028. Market analysts expect the market to gradually transition from its current landlord-favorable conditions to a more balanced environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWhile the current tapering in demand reflects a recalibration after an extraordinary growth phase, the structural drivers for the sector remain intact,\u201d the report said. \u201cWe expect demand to remain resilient, albeit more selective, in the coming quarters as the market adjusts to a new equilibrium, underpinned by a shortage of stock.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two major projects are helping ease the 2026 pipeline<\/strong>, with the 550k sq ft Terralogix Phase 1 scheduled for completion in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e7c659e5-ba62-490a-ba82-e5355f8db985\/dutco-%2B-sweid-&amp;-sweid-to-build-dubai%25e2%2580%2599s-largest-private-owned-logistics-park\" style=\"\" rel=\"noopener\">3Q 2026<\/a>, and Aldar and DP World's joint National Industries Park development set to add 1.6 mn sq ft from mid-2026. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/knight-frank\/\">Knight Frank<\/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\/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=\"106050\" 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=\"106050\">\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\">SPACE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/\">\r\n                            Space42, Microsoft, Esri partner to map Africa using AI                        <\/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\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/\" 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\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/')\">\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\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/\">\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=Space42, Microsoft, Esri partner to map Africa using AI&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/\">\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\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/&title=Space42, Microsoft, Esri partner to map Africa using AI\">\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=Space42%2C+Microsoft%2C+Esri+partner+to+map+Africa+using+AI+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F30%2Fspace42-microsoft-esri-partner-to-map-africa-using-ai%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\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106051\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/space42-microsoft-esri-partner-to-map-africa-using-ai\/237-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"237.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106050\" class=\"content-area-description single-story post-106050 post type-post status-publish format-standard has-post-thumbnail hentry category-space tag-artificial-intelligence tag-enterpriseam-uae tag-microsoft tag-space tag-space42 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\/.bb7465ed-bf0d-4afa-9aee-c0342bd2de74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Space42 <\/strong><strong>partners with Microsoft + Esri on Africa mapping initiative:<\/strong> AI-powered space tech firm Space42 signed a five-year MoU with Microsoft and geographic information multinational Esri to create high-resolution base maps of Africa, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1851.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The Map Africa Initiative will cover all 54 African countries.<\/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 project looks to address data gaps in infrastructure, investment, and development planning<\/strong><span style=\"background-color: transparent;\"> to support economic growth. It also aims to strengthen spatial collaboration between the UAE and Africa, and comes as Emirati investment flows to the continent reached USD 44 bn last year \u2014 making the UAE Africa\u2019s biggest source of FDI, the statement read.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Four target sectors: <\/strong>The initiative will help the logistics and ports sector, renewable energy projects, and urban planners with planning and site selection. Meanwhile, governments will be able to monitor border security more effectively and better coordinate disaster response capabilities. National governments will be the first to get a data license, followed by local startups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is doing what:<\/strong> Space42 will manage fundraising and project execution, provide satellite data, and lead on the research and development side. Esri will oversee production workflows and local training programs, and Microsoft will provide cloud infrastructure for data processing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> National Mapping Agencies will license and maintain the data, which will be stored in G42 and Microsoft\u2019s data centers in Africa, long-term. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/microsoft\/\">Microsoft<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space\/\">space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space42\/\">Space42<\/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=\"106052 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=\"106052\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/106052-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106052\" class=\"content-area-description single-story post-106052 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.facebook.com\/HassanAllamProperties?_rdc=1&amp;_rdr#\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1488.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"106053\" 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=\"106053\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/mashreq-multiply-modon-aldar-dtc-and-al-seer-turn-in-earnings\/\">\r\n                            Mashreq, Multiply, Modon, Aldar, DTC, and Al Seer turn in earnings                        <\/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\/30\/mashreq-multiply-modon-aldar-dtc-and-al-seer-turn-in-earnings\/\" 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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discussion report (pdf)<\/a>. Net income after tax dipped 14% y-o-y to AED 3.5 bn. The group\u2019s core banking operations as well as its strategic investments and expansion across Oman, Turkey, and Pakistan continued to drive growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Non-interest income rose 17% y-o-y reaching AED 2.2 bn<\/strong><span style=\"background-color: transparent;\">, while investment income grew 55% to AED 213 mn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis<\/strong>, Mashreq\u2019s net income after tax fell 16% y-o-y to AED 1.7 bn, though net interest income ticked up 1% q-o-q to AED 2 bn, as prudent asset pricing offset cumulative rate cuts of 100 bps since 2024. Loans and advances grew 21% y-o-y with more lending for residential mortgages, construction, manufacturing, and financial institutions. Customer deposits saw a 15% y-o-y uptick to AED 117 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> Group CEO Ahmed Abdelaal said the strong results were attributed to \u201cstrong client activity, a diversified earnings profile, and our unwavering commitment to innovation, efficiency, and value creation.\u201d He referenced investments and upgrades in their technology infrastructure, balanced with \u201cstrict cost discipline\u201d as key parts of the bank\u2019s investment strategy. <\/p>\n<p class=\"tag-border-left\">MODON HOLDING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ<\/strong><strong>-backed developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.modon.com\/\" style=\"\" rel=\"noopener\">Modon Holding<\/a><\/strong><strong>\u2019s <\/strong><strong>net income more than doubled y-o-y in 2Q 2025 <\/strong><strong>to AED 881.1 mn<\/strong>, increasing by 167.9% y-o-y, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1813.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Revenues for the quarter also saw a 78% y-o-y jump to AED 2.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Modon\u2019s results for 1H were similarly strong<\/strong>, with revenues rising 199.1% to AED 6.5 bn over the period. Its bottom line saw a 75.7% dip y-o-y to AED 2.1 bn due to an acquisition gain in 1H 2024, though without the one-off gain, it came in at 4.2x higher than the year before. It also recorded AED 231.3 mn in investment gains, reversing an AED 243.2 mn loss the year before.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Income from its real estate segment led top line growth<\/strong>, with the firm booking AED 10 bn in sales in 1H 2025, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1821.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Robust operational efficiency across its core segments, which currently have an AED 33 bn backlog, helped its bottom line performance. Its asset and investment management sector saw a revenue boost from expansion in the UK as well as the launch of its infrastructure platform, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf77f2a2-ef14-4eb6-bb6e-f1ec65427413\/adq,-and-ihc-launch-a-platform-to-speed-up-large-scale-infrastructure-projects\" style=\"\" rel=\"noopener\">Gridora<\/a>, with ADQ and IHC.<\/p>\n<p class=\"tag-border-left\">ALDAR PROPERTIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate developer Aldar Properties reported AED 2.2 bn in 2Q 2025 net income, up <\/strong><strong>25% y-o-y<\/strong>, with revenues rising 46% y-o-y to AED 7.7 bn, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1822.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar\u2019s 1H 2025 net income rose 24% y-o-y to AED 4.1 bn on AED 15.5 bn in <\/strong><strong>revenues<\/strong>, up 42% y-o-y. The 1H performance was buoyed by sales rising 31% y-o-y to AED 18.3 bn, which Aldar attributed to \u201chigh demand for existing inventory and five new UAE launches: two projects on Fahid Island, Waldorf Astoria Residences Yas, Manart Living III, and the Wilds in Dubai.\u201d Aldar\u2019s development backlog is now sitting at a record AED 62.3 bn \u2014 AED 53.4 bn of which is in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sustained sales momentum at home + abroad:<\/strong> Aldar Development saw its revenues increase 54% y-o-y in 2Q 2025 to AED 5.6 bn, coming in just below its 1Q 2025 revenue figure of AED 5.7 bn. On a 1H basis, revenues were up 50% to AED 11.3 bn, which the company said was primarily \u201cdriven by successful execution of the revenue backlog from new and existing projects.\u201d Group-wide development sales grew 22% y-o-y to AED 9.4 bn in 2Q and 31% to AED 18.3 bn in 1H, with UAE sales hitting AED 9.0 bn during the second quarter and AED 17.5 bn across the first six months of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Aldar Investment contributed AED 1.9 bn in revenues during the quarter<\/strong>, and AED 3.8 bn during the six-month period. The performance was buoyed by strong occupancy rates across its portfolio and strategic acquisitions, with its assets now reaching AED 47 bn. <\/p>\n<p class=\"tag-border-left\">MULTIPLY GROUP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu <\/strong><strong>Dhabi-based investment firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/multiply.ae\/\" style=\"\" rel=\"noopener\">Multiply<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/multiply.ae\/\" style=\"\" rel=\"noopener\">Group<\/a><\/strong><strong>\u2019s net income dropped by 46.4% y-o-y to <\/strong><strong>AED 532.1 mn during the second quarter of this year<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1825.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. On the other hand, revenues rose 39.3% y-o-y to AED 503.3 mn in 2Q, driven by growth across the board from its verticals, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1828.pdf\" style=\"\" rel=\"noopener\">earnings report (pdf)<\/a>. The drop in 2Q\u2019s net income was largely due to an AED 132 mn loss from its JV with Kaylon Enerji, which saw foreign exchange losses following the revaluation of EUR-denominated loans as the EUR strengthened. Without this, EBITDA rose 38% y-o-y during the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Results for 1H told a more cheery story<\/strong>, with Multiply\u2019s bottom line reaching AED 742.3 mn, compared to a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/91f1abba-d020-41ec-802f-021644d17932\/more-2q-earnings\" style=\"\" rel=\"noopener\">net loss of AED 3.3 bn last year<\/a>. Revenues in 1H climbed 47.7% y-o-y to AED 1 bn. The swing to the black in 1H came as the firm recorded AED 185.6 mn in fair value gains from investments in financial assets, reversing an AED 4 bn loss the year before.<\/p>\n<p class=\"tag-border-left\">DUBAI TAXI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.dubaitaxi.ae\/en\" style=\"\" rel=\"noopener\">Duba<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaitaxi.ae\/en\" style=\"\" rel=\"noopener\">i<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaitaxi.ae\/en\" style=\"\" rel=\"noopener\">Taxi<\/a><\/strong><strong> recorded AED 105.4 mn in net income for 2Q, up 32.8% y-o-y<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1829.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Revenues for the period rose 17.7% y-o-y to AED 625.1 mn, driven by an uptick in the number of completed trips and fleet expansion, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1830.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Its bottom line grew 0.9% y-o-y in 1H 2025 to AED 189 mn, while revenues rose 11.4% to AED 1.2 bn during the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s board approved an interim dividend of AED 160.7 mn for 1H 2025<\/strong>, in line with its policy to distribute at least 85% of annual net income in semi-annual payouts. <\/p>\n<p class=\"tag-border-left\">AL SEER MARINE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IHC subsidiary<\/strong><strong> Al Seer Marine reported an 82% y-o-y <\/strong><strong>net<\/strong><strong> loss of AED 296 mn in 1H 2025 <\/strong>on the back of a dip in the fair value of its investments, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1827.pdf\" style=\"\" rel=\"noopener\">e<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1827.pdf\" style=\"\" rel=\"noopener\">arnings release (pdf)<\/a>. Its top line was up 20.2% y-o-y to AED 698 mn, driven by operational expansions and growth. The firm attributed the revenue boost to its diversification strategy across several sectors, including its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9433bcbb-a898-4f62-96d8-805c2cd7e8d1\" style=\"\" rel=\"noopener\">operation of six new MR tankers<\/a> and the development of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ee88800-6b80-4b14-98f6-dcce32349fcb\/%253cmark%253eal-seer%253c%2Fmark%253e-marine-forms-new-lpg-jv-asbi-shipping,-secures-charter-agreement-with-bgn\" style=\"\" rel=\"noopener\">a new JV<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-seer-marine\/\">Al Seer Marine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                        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href=\"https:\/\/enterpriseam.com\/uae\/tag\/multiply-group\/\">Multiply Group<\/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=\"106055\" 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=\"106055\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/ameas-cox-inks-eur-250-mn-agreement-for-desalination-and-wind-power-in-morocco-dib-emirates-nbd-lend-to-firms-overseas\/1452-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1452.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1452.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1452.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1452.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106055\" class=\"content-area-description single-story post-106055 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ad-ports tag-ad-ports-group tag-also-on-our-radar tag-amea-power tag-aviation tag-construction tag-crypto tag-debt tag-desalination tag-dubai-islamic-bank tag-emirates-nbd tag-energy tag-enterpriseam-uae tag-etihad-airways tag-logistics tag-national-bank-of-ras-al-khaimah tag-rakbank tag-real-estate tag-wind-power tag-yango 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\/.d7725811-6508-4c7c-b571-d5249cd0836e.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">UTILITIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Amea-backe<\/strong><strong>d Cox signs EUR 250 mn transaction for Morocco desalination <\/strong><strong>and <\/strong><strong>wind farm project: <\/strong>Amea Power-backed Spanish energy and water utility company Cox signed a EUR 250 mn agreement with Moroccan authorities to expand the country\u2019s Agadir desalination plant, according to a <a target=\"_blank\" href=\"https:\/\/grupocox.com\/en\/cox-secures-a-new-water-desalination-concession-in-morocco-of-125000-m%C2%B3-day-to-reach-400000-m%C2%B3-day-at-the-agadir-plant\/\" style=\"\" rel=\"noopener\">press release<\/a>. It\u2019s not clear whether Amea Power \u2014 which holds a 3.76% stake in Cox \u2014 is directly involved, but it said last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc0356cd-b335-4b91-b1f8-4107e5f0bab9\/\" style=\"\" rel=\"noopener\">December<\/a> that it was lining up plans to invest at least USD 100 mn in a desalination project in Morocco through Cox. The two also formed a JV in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/608404d7-f976-402e-9517-33a5eda618a0\/amea-power-%2B-spain%25e2%2580%2599s%253cmark%253e-cox%253c%2Fmark%253e-launch-infrastructure-focused-jv\" style=\"\" rel=\"noopener\">May<\/a> to co-develop and manage water and energy infrastructure projects across the Middle East, Africa, and Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details: <\/strong><span style=\"background-color: transparent;\">The project will increase capacity by 125k cubic meters per day, bringing total output to 400k cubic meters daily by 2027. The expansion will provide 2 mn people with drinking water and irrigation for 13.6k hectares of agricultural land in the water-scarce region. As part of the project, Cox will construct a 150 MW wind farm, set to be operational in 2027, to power the desalination operations.<\/span><\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong><strong> Municipality has signed an MoU with Dubal Holding's <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6d819a53-a364-4199-8c05-a1cff78cbb57\" style=\"\" rel=\"noopener\">subsidiary<\/a><\/strong><strong> BiOD Technology <\/strong><strong>to convert used cooking oils (UCO) and fats into biodiesel, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/july\/28-07\/dubai-municipality-and-biod-technology-sign-landmark-mou\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement allows BiOD to collect waste UCO, fats, oils, and grease across the emirate and process them into <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/engineering\/biodiesel-b100\" style=\"\" rel=\"noopener\">B100 biodiesel<\/a>, a cleaner-burning fuel. The initiative aims to reduce pollution in sewer systems and cut the cost of wastewater treatment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is B100?<\/strong> Biodiesel B100 is <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/engineering\/biodiesel-b100\" style=\"\" rel=\"noopener\">pure biodiesel<\/a> made from vegetable oils, recycled cooking oil, or animal fats. It's produced through transesterification, a chemical process that removes glycerin to create fatty acid methyl esters, which can be used in existing diesel engines as a renewable fuel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the Emirates\u2019 first: <\/strong>IFFCO Group\u2019s Noor Oil and Bee\u2019ah launched a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6213d04-6138-421d-9045-a9e136f2df1e\/\" style=\"\" rel=\"noopener\">recycling campaign<\/a> to recycle cooking oil into biodiesel last year. Emarat Petroleum and Lootah Biofuels also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/167d04c0-aec5-4659-bc95-ec809ebdade3\" style=\"\" rel=\"noopener\">signed an MoU<\/a> to conduct feasibility studies to look into a collection system through Emarat\u2019s retail stations to convert used cooking oil into biofuels and introduce Lootah\u2019s Biodiesel B5 at Emarat stations.<\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Emirates <\/strong><strong>NBD is providing Indian jewelry retailer Joyalukkas with a AED 500 mn <\/strong><strong>working capital facility to support its expansion plans<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-nbd-deepens-links-with-global-jewelry-retailer-joyalukkas-with-announcement-of-landmark-aed-500mln-working-capital-deal-l4hue0yn\" style=\"\" rel=\"noopener\">press release<\/a>. The financing will support the company\u2019s plans to expand in markets including the UK, US, Canada, and Australia. The revolving facility allows Joyalukkas flexible access to funds for inventory financing and operational liquidity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>DIB<\/strong> <strong>strikes Islamic finance agreement with Turkish carrier: <\/strong>Dubai Islamic Bank (DIB) has signed a 12-year Islamic finance lease agreement with national carrier Turkish Airlines to finance its purchase of a new Airbus A350-941, according to a <a target=\"_blank\" href=\"https:\/\/www.dib.ae\/about-us\/news\/2025\/07\/28\/dib-executes-the-first-islamic-finance-deal-with-turkish-airlines?type=news)\" style=\"\" rel=\"noopener\">press release<\/a>. This marks the first shariah-compliant finance agreement signed by Turkish Airlines and also DIB\u2019s first in the aviation industry.<\/p>\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yango<\/strong> <strong>opens another <\/strong><strong>office <\/strong><strong>in <\/strong><strong>C\u00f4te d\u2019Ivoire<\/strong><strong>:<\/strong> Dubai-based tech firm Yango Group opened a new office in Abidjan, C\u00f4te d\u2019Ivoire, which will serve as a continental HQ to coordinate the company's growing Africa operations, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-based-yango-group-accelerates-african-growth-expansion-with-new-regional-office-in-cote-divoire-ue6eoshd\" style=\"\" rel=\"noopener\">press release<\/a>. Yango\u2019s existing C\u00f4te d\u2019Ivoire office, which opened in 2018, was its first overseas office. It was followed by an expansion into 16 other African countries.<\/p>\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>Rakbank <\/strong><strong>offers crypto exchange: <\/strong>The National Bank of Ras Al Khaimah\u2019s (Rakbank) mobile app is now offering Bitpanda\u2019s crypto trading platform to retail customers, making it the first traditional UAE bank to do so, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/rakbank-becomes-the-first-uae-conventional-bank-to-facilitate-crypto-brokerage-service-frx7551b\" style=\"\" rel=\"noopener\">press release<\/a>. The app will enable access to Austrian digital asset trader Bitpanda\u2019s crypto trading platform, allowing investors to buy, sell, and swap AED-denominated cryptocurrencies. The service will initially be invitation-only with plans to roll out access in the coming months.<\/p>\n<p class=\"tag-border-left\">CONSTRUCTION-- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Developer <\/strong><strong>Expo City Dubai has tapped landscaping firm Proscape<\/strong><strong> to develop the Expo Valley nature reserve<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/july\/29-07\/a-milestone-in-delivering-sustainable-urban-living\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. Expo Valley, a gated community slated for a 2026 launch, will include a 10-hectare green reserve completed by 1.2k trees, a lake, and a wadi. <\/p>\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad receives first of 30 Airbus orders:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/\" style=\"\" rel=\"noopener\">Etihad Airways<\/a> \u2019 first Airbus A321LRs will enter commercial service on 1 August, initially flying between Abu Dhabi and Thailand's Phuket before expanding to other destinations including Bangkok, Chiang Mai, Copenhagen, Milan, Paris, and Zurich, according to a <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-airways-takes-delivery-of-its-first-airbus-a321lr-aircraft\" style=\"\" rel=\"noopener\">press release<\/a>. The aircraft, which arrived at Abu Dhabi International Airport on Friday, is part of a broader fleet expansion strategy that will see nine more A321LRs delivered this year. In total, the airline will add 30 of the aircraft to its fleet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>At the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/630bfc13-16b1-48ff-b562-99af112e1f8e\/this-morning:%253cmark%253e-emirates-nbd%253c%2Fmark%253e-is-prepping-an-at1-issuance-%2B-flydubai,-etihad-airways-eye-aircraft-acquisitions\" style=\"\" rel=\"noopener\">start of the year<\/a>, the airline had said it was planning to acquire up to 40 widebody aircraft as part of its five-year plan to double its fleet.<\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD <\/strong><strong>Ports Group's Noatum Maritime opened its first Shanghai office for maritime services<\/strong> \u2014 another step in its China expansion, after it opened its first international office <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd156457-f80b-4050-bc60-a03a81b31c47\/ad-ports-opens-china-office\" style=\"\" rel=\"noopener\">in Beijing<\/a> last week, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/07\/29\/noatum-maritime-expands-global-footprint-with-inauguration-of-shanghai-office\" style=\"\" rel=\"noopener\">press release<\/a>. The new facility will provide shipping agency and maritime logistics services to vessel operators and cargo owners. It will target the firm\u2019s growing client base in the region, with Shanghai being a key location in its global supply chain, the firm\u2019s maritime and shipping cluster CEO Ammar Al Shaiba said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports-group\/\">AD Ports Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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<!-- <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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/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\/national-bank-of-ras-al-khaimah\/\">National Bank of Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wind-power\/\">Wind power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/yango\/\">Yango<\/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=\"106057\" 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=\"106057\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/lower-than-expected-tariffs-and-weaker-usd-prop-up-imfs-global-growth-outlook\/\">\r\n                            Lower-than-expected tariffs and weaker USD prop up IMF\u2019s global growth outlook                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106058\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/30\/lower-than-expected-tariffs-and-weaker-usd-prop-up-imfs-global-growth-outlook\/1461-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1461.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1461.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1461.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1461.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106057\" class=\"content-area-description single-story post-106057 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.521e1506-e714-4835-986a-653cd0f7955e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The IMF revises global growth forecast upwards: <\/strong>The International Monetary Fund (IMF) now forecasts global growth to reach 3.0% in 2025, a 0.2 percentage point upgrade from its previous estimate in April, it said in its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1858.pdf\" style=\"\" rel=\"noopener\">World Economic Outlook report (pdf)<\/a>. The fund expects growth to slightly accelerate to 3.1% in 2026, revising up its previous estimate by 0.1 percentage point.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Behind the upgrade:<\/strong><span style=\"background-color: transparent;\"> The upward revision came on the back of stronger-than-expected front-loading of economic activity by firms and households in anticipation of higher tariffs, the fund said. The revision is also supported by lower average US tariff rates than were initially assumed in April. \u201cAt the time of the April forecast we had an effective tariff rate of 24%. We\u2019re now looking at an effective tariff rate of 17%, [...] still much higher than where we were in January,\u201d IMF\u2019s chief economist Pierre-Olivier Gourinchas told <\/span><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a92ec981-8a89-4caf-878d-6278186c9e31\" rel=\"noopener\">the Financial Times<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A weaker USD had also helped the outlook:<\/strong> The USD is down by some 9% in the year-to-date against a basket of currencies including the EUR and the GBP, mainly due to the trade war and attacks on the Federal Reserve, Gourinchas added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Major economies saw modest upgrades:<\/strong> The IMF now expects the US to grow 1.9% in 2025, a 0.1 percentage point upgrade from the previous forecast. Meanwhile, Japan\u2019s 2025 growth was revised up by 0.1 percentage point to 0.7%. The fund also upgraded its forecast for Canada\u2019s growth by 0.2 percentage points to 1.6% and for the UK by 0.1 percentage point to 1.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China and India also see stronger outlooks:<\/strong> China\u2019s 2025 outlook got a significant upgrade by 0.8 percentage points to 4.8%, reflecting stronger-than-expected activity in the first half of the year and a significant reduction in US-China tariffs. Meanwhile, India\u2019s growth forecast was revised slightly upward to 6.4% for both 2025 and 2026 due to a more benign external environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Across the Atlantic:<\/strong> Growth in the Eurozone is now projected at 1.0% in 2025, an upward revision of 0.2 percentage points, mainly driven by a strong GDP outturn in Ireland, which was boosted by front-loading of pharma exports to the US. The IMF projects 1.2% growth for the area in 2026, unchanged from April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade distortions cloud the picture:<\/strong> Global trade volumes are now expected to grow 2.6% in 2025, a 0.9 percentage point upgrade from April, due to the front-loading of trade flows ahead of anticipated restrictions. However, this effect is expected to fade, with a \"payback\" materializing through 2026, leading to a 0.6 percentage point downgrade in the 2026 trade volume forecast, where it\u2019s expected to log 1.9% increase, the fund said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A hazy horizon: <\/strong>The IMF warns that the outlook is marked by \"tenuous resilience amid persistent uncertainty,\" with risks tilted to the downside. An escalation of protectionist measures could dampen global growth. However, growth prospects could improve if trade negotiations lead to a predictable framework and a decline in tariffs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The inflation outlook:<\/strong> Global headline inflation is expected to continue its decline over the next two years, falling to 4.2% in 2025 and 3.6% in 2026. This forecast is \"virtually unchanged\" from the April report. However, the report notes cross-country differences, with inflation projected to remain above target in the US while being more subdued in other big economies.<\/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>It\u2019s another mixed morning for Asian markets<\/strong>, as investors await for updates on US-China trade talks. The Shanghai Composite is up 0.4%, while Hong Kong\u2019s Hang Seng is down 0.5%, and Japan\u2019s Nikkei is unchanged. US investors are also bracing for the Fed\u2019s decision today, leaving Wall Street futures unchanged.<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,342<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +9.8%)<\/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>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\">6,178<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +19.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,133<\/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: +23.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% 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\">4.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,824<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -10.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">34,086<\/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: +14.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">6,371<\/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: +8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,136<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +11.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,379<\/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: +9.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 72.51<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.5%<\/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>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 3.08<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,384<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 117,571<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +25.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.58<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&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\">146.42<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +4.6%)<\/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>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\">15.98<\/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\">+6.3% (YTD: -7.9%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.2% yesterday<\/strong> on turnover of AED 1.4 bn. The index is up 9.8% 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>Commercial Bank International (+12.2%), Americana Restaurants International (+1.8%) and Emirates Driving Company (+1.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Rapco Investment (-9.2%), E7 Group Warrants (-6.8%) and Aram Group (-4.5%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.2% on turnover of AED 770.6 mn. Meanwhile, Nasdaq Dubai was down 0.3%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"106059\" 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\/30\/106059-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106059\" class=\"content-area-description single-story post-106059 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;\">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>8-10 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-Friday): <\/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 style=\"font-weight:400;\">10-20 September (Wednesday-Saturday): IFMA Youth World Muay Thai Championship, Abu Dhabi.<\/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. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20 October (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reutersprofessional.com\/reuters-media\/next-gulf-landing-site\/p\/1\" style=\"\">Reuters NEXT Gulf Summit<\/a><\/span><span style=\"font-weight:400;\">, The St. Regis Saadiyat Island Resort, Abu Dhabi.<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>4-9 November (Tuesday-Saturday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaidesignweek.ae\/\" style=\"\">Dubai Design Week<\/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>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 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaibusinessforum.com\/en\/home\" style=\"\">Dubai Business Forum<\/a><\/span><span style=\"font-weight:400;\">, Cipriani South Street, New York City.<\/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>14-16 April: (Tuesday-Thursday): the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ips-dubai.com\/\" style=\"\">International Property Show<\/a><\/span><span style=\"font-weight:400;\">, Sheikh Zayed Rd, 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\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>Arada wraps USD 450 mn sukuk | Space42, Microsoft link up for Africa mapping | More earnings from the likes of Mashreq, Multiple, and Modon<\/p>\n","protected":false},"featured_media":106039,"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-106038","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"34b4b5f2-0eeb-4144-b3a3-dfce3aabf4b1","teaser":"Arada wraps USD 450 mn sukuk | Space42, Microsoft link up for Africa mapping | More earnings from the likes of Mashreq, Multiple, and Modon","photo_url":"https:\/\/ent.news\/2024\/11\/157.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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