{"id":106084,"date":"2025-07-31T00:00:00","date_gmt":"2025-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=106084"},"modified":"2025-12-15T04:30:49","modified_gmt":"2025-12-15T04:30:49","slug":"non-oil-trade-was-up-24-y-o-y-in-1h-plus-gulf-capital-offloads-art-fertility-stake","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/non-oil-trade-was-up-24-y-o-y-in-1h-plus-gulf-capital-offloads-art-fertility-stake\/","title":{"rendered":"Non-oil trade was up 24% y-o-y in 1H. Plus: Gulf Capital offloads Art Fertility stake"},"content":{"rendered":"<section id=\"106086\" 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=\"106086\">\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\/31\/this-morning-cbuae-holds-rates-steady-again-adgm-proposes-amendments-to-expand-authority-for-tighter-oversight\/\">\r\n                            THIS MORNING: CBUAE holds rates steady, again + ADGM proposes amendments to expand authority for tighter oversight                   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class=\"content-area-description single-story post-106086 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi tag-adgm tag-central-bank-of-the-uae tag-dubai-taxi-company tag-enterpriseam-uae tag-ipo tag-oil-and-gas tag-regulation-watch tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.a6659246-0729-4224-b680-f71b90b5f860.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>It\u2019s another busy newsday as we inch closer to the weekend, with a lot of M&A and regulatory updates \u2014 plus plenty of analysis into the region\u2019s equity and debt capital markets\u2019 performance this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big story of the day is the latest trade figures for 1H 2025<\/strong>, which saw another strong showing for non-oil exports.<strong> Plus: Gulf Capital<\/strong> wrapped a successful <strong>exit<\/strong> for Art Fertility\u2019s operations in the Middle East, selling it to a KKR-backed fertility network. And, <strong>for the social media influencers among you,<\/strong> the Media Council is now making it mandatory for all content creators with promotional content to obtain an advertising permit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>BUT FIRST- The Central Bank of the UAE held interest rates steady for the fi<\/strong><strong>fth time in a row<\/strong>, following in the footsteps of the US Federal Reserve, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1958.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The base rate applicable to the overnight deposit facility remains at 4.4%, while the rate applicable to borrowing short-term liquidity was kept at 50 bps above the base rate for all standing credit facilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have more on the Fed\u2019s decision in Planet Finance, below, and a deep dive into the outlook for debt and equity markets <\/strong>ahead of the potential resumption of its easing cycle later this year in this morning\u2019s Capital Markets section. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER<\/strong><strong>- <\/strong>The mercury in Dubai peaks at 45\u00b0C, dropping to a sticky 34\u00b0C after sunset. Abu Dhabi will also see temperatures reach 45\u00b0C, with a humid night ahead at 34\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">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- Dubai Taxi open to a follow-on offering on DFM: <\/strong>State-backed and DFM-listed mobility provider Dubai Taxi may return to the Dubai bourse with an additional stake sale if conditions align, CEO Mansour Al Falasi told Asharq Business in an interview (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/91978\/%D8%AA%D8%A7%D9%83%D8%B3%D9%8A-%D8%AF%D8%A8%D9%8A-%D9%84%D8%A7-%D8%AA%D8%B3%D8%AA%D8%A8%D8%B9%D8%AF-%D8%B7%D8%B1%D8%AD-%D8%AD%D8%B5%D8%A9-%D8%A5%D8%B6%D8%A7%D9%81%D9%8A%D8%A9-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D8%AF%D8%A8%D9%8A-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A\/\" style=\"\" rel=\"noopener\">watch: runtime:12:05<\/a>), adding that any move would hinge on regulatory and shareholder sign-off, without providing a possible timeline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The taxi operator, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6eb92472-35fd-4717-8746-76f722a6d03f\/dubai-taxi-ipo-more-than-130x-oversubscribed\" style=\"\" rel=\"noopener\">floated a 25% stake<\/a> on the DFM in 2023 in a listing that raised USD 315 mn, posted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ebdd8aa4-5fac-4302-8ecf-e31945f77833\/mashreq,-multiply,-modon,-aldar,-dtc,-and-al-seer-turn-in-earnings\" style=\"\" rel=\"noopener\">strong 2Q results<\/a> with its bottom line rising 32.8% y-o-y to AED 105.4 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been a quiet year for IPOs, with just one listing each so far in Dubai and Abu Dhabi.<\/strong> Dubai Residential REIT <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fa1bcba8-80bf-4974-a750-2eaa58975bef\/dubai-holding-raises-aed-2.1-bn-from-residential-reit-ipo\" style=\"\" rel=\"noopener\">raised AED 2.1 bn in its IPO<\/a>, while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/71cf22ef-c051-4258-a690-ed59fa678739\/alpha-data%25e2%2580%2599s-share-price-rallied-on-its-first-day-of-trading\" style=\"\" rel=\"noopener\">Alpha Data\u2019s ADX debut<\/a> had raised AED 600 mn earlier in the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the pipeline:<\/strong> Dubai Holding is said to be mulling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">a second IPO<\/a> for a portfolio of commercial real estate assets, including malls, hotels, and theme parks; ADQ-backed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f2f7e8b6-e565-454f-8666-c712bcb4a127\/this-morning:%253cmark%253e-etihad-airways%253c%2Fmark%253e-ready-for-an-ipo-but-does-not-need-the-cash,-ceo-says-%2B-adia-eyes-sale-of-50%2525-stake-in-ifco\" style=\"\" rel=\"noopener\">Etihad Airways<\/a> and Abu Dhabi conglomerate International Holding Company\u2019s investment arm 2PointZero are also planning to hit the ADX; family-owned property developer Arabian Construction Company (ACC) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2891ea32-f405-482f-853e-21ad2ee3d140\/arabian-construction-company-taps-hsbc,-fab-for-its-upcoming%253cmark%253e-ipo%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">reportedly enlisted<\/a> HSBC and First Abu Dhabi Bank to advise on its IPO due in 2H; and Dubizzle and Property Finder were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c8aa0268-2c28-4080-9810-353b4fc0ef1a\/dubizzle,-property-finder-are-gauging-investor-interest-ahead-of-potential-ipos\" style=\"\" rel=\"noopener\">gauging investor appetite<\/a> ahead of potential listings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- ADGM wants to expand the scope of its authority with new amendments:<\/strong> The ADGM Financial Services Regulatory Authority (FSRA) launched a public consultation on proposed updates to expand the scope of its power as it looks to tighten security and oversight, according to a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/fsra-of-adgm-published-consultation-paper-no-8-of-2025\" style=\"\" rel=\"noopener\">press release<\/a>. The <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1928.pdf\" style=\"\" rel=\"noopener\">Consultation Paper (pdf)<\/a> will be open to industry feedback until 27 August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proposed changes include:<\/strong><\/p>\n<ul>\n<li>An explicit prohibition on <strong>misleading conduct<\/strong> relating to regulated activities, investments, virtual assets, fiat currency and tokens, and spot commodities;<\/li>\n<li>Expanding its authority to allow it to <strong>suspend financial service permits temporarily<\/strong> if investigations are warranted, and to <strong>apply restrictions on certain permits<\/strong> or <strong>additional monitoring requirements<\/strong> on a case-by-case basis; <\/li>\n<li>and requiring all firms offering funds \u2014 even those who are not incorporated as fund managers \u2014 to issue a complying <strong>prospectus<\/strong> to investors. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#3- <\/strong><strong>UK\u2019s <\/strong><strong>Tyrus<\/strong><strong> Capital relocates to Abu Dhabi:<\/strong> UK-based hedge fund Tyrus Capital is moving to Abu Dhabi as it shuts down its London operations, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-29\/hedge-fund-tyrus-shutters-london-office-to-relocate-to-abu-dhabi\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The firm\u2019s ADGM entity is already incorporated, and comes as more firms are looking to take advantage of the Emirates\u2019 tax environment, favorable timezones for trading, and deep capital pools from sovereign wealth funds and family offices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK\u2019s loss is the UAE\u2019s gain: <\/strong>Tyrus joins a stream of companies leaving the UK following tax hikes and the removal of tax breaks for non-domiciled residents. Some 2.6k UK-based companies opened offices in Dubai last year, a 14.2% increase from the previous year, according to <a target=\"_blank\" href=\"https:\/\/www.dubaichambers.com\/en\/w\/iraq-t%C3%BCrkiye-and-the-united-kingdom-record-highest-growth-in-new-foreign-member-companies-joining-dubai-chamber-of-commerce-in-2024\" style=\"\" rel=\"noopener\">data<\/a> from the Dubai Chamber of Commerce. The UAE is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b00acd2b-4654-4e2c-8320-d69441fafec5\/uk-leads-global-wealth%253cmark%253e-exodus%253c%2Fmark%253e-as-uae-and-saudi-arabia-maintain-wealth-haven-status--henley-&-partners\" style=\"\" rel=\"noopener\">set to be the biggest beneficiary of a wealth exodus<\/a> from the UK this year, with the UK set to see a historic net outflow of 16.5k high-net-worth individuals (HNWIs) \u2014 the largest ever recorded globally \u2014 and the UAE set to welcome some 9.8k m\u2019naires this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#4- <\/strong><strong>Arabian <\/strong><strong>Drilling sets up shop in Sharjah:<\/strong> Saudi's Arabian Drilling launched a new Sharjah branch to serve as its regional operations hub, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=89072&anCat=1&cs=2381&locale=ar\" style=\"\" rel=\"noopener\">disclosure<\/a> to Saudi\u2019s Tadawul. The firm is looking to expand outside of the Kingdom to bypass long-term offshore suspensions, CEO Ghassan Mirdad told Al Arabiya (<a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/07\/29\/%D8%A7%D9%84%D8%AD%D9%81%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%88%D9%82%D9%81-%D8%A7%D9%84%D8%AA%D9%88%D8%B2%D9%8A%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D9%85%D8%A4%D9%82%D8%AA-%D8%A7-%D9%84%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%B3%D9%8A%D9%88%D9%84%D8%A9-%D9%88%D8%A7%D9%84%D8%AA%D9%88%D8%B3%D8%B9\" style=\"\" rel=\"noopener\">watch, runtime: 8:08<\/a>). The company is adopting a two-pronged expansion approach, including direct contracts \u2014 with one already under its belt \u2014 and an alliance with Shelf Drilling, which resulted in eight to 10 additional tenders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Applications for the<\/strong> <strong>Dubai<\/strong><strong> Land Department\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9339983-f4db-4a2e-b41f-bfad7086d9ce\/e&-taps-samsung-for-ai,-digital-transformation-cooperation\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9339983-f4db-4a2e-b41f-bfad7086d9ce\/e&-taps-samsung-for-ai,-digital-transformation-cooperation\" style=\"\" rel=\"noopener\">Reach Middle East accelerator program<\/a><\/strong><strong> are now open<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-land-department-partners-with-second-century-ventures-to-launch-real-estate-accelerator-j5v2ebnf\" style=\"\" rel=\"noopener\">press release<\/a>. The eight-month program will provide 10 startups with USD 250k in seed capital each, along with mentorship and networking with strategic investors and real estate developers and government departments to pilot and commercialize projects. The DLD also partnered with Second Century Ventures for the program. <strong>Have a proptech and looking for extra funding and support? You can apply <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nar-reach.com\/middle-east\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US\u2019 latest trade agreements ahead of tomorrow\u2019s deadline are still gettin<\/strong><strong>g top billing in the foreign press<\/strong>, along with a handful of Big Tech <strong>earnings<\/strong> and fresh <strong>sanctions on Iran<\/strong>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The US and South Korea reached a trade agreement<\/strong>, setting a 15% tariff on South Korean exports to the US, in exchange for USD 350 bn in investments in US-owned projects selected by US President Donald Trump, Trump said on Truth Social. This is in addition to USD 100 bn in energy investments in the US. This follows a similar structure to the agreement with the UK and Japan, which also pledged investments in exchange for lower tariffs. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/trump-says-us-will-set-15-tariff-south-korean-imports-under-new-deal-2025-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-30\/trump-says-he-will-levy-25-tariff-on-india-starting-aug-1?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/112b32db-9267-4d3e-8cb2-0245ea2815cc\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2025\/07\/30\/us-south-korea-trade-agreement-00485888\" style=\"\" rel=\"noopener\">Politico<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/07\/30\/trump-tariffs-south-korea\" style=\"\" rel=\"noopener\">Axios<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not yet as lucky? India<\/strong>, which could face a 25% tariff on its exports to the US as of tomorrow if ongoing talks end with no agreement. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-30\/trump-says-he-will-levy-25-tariff-on-india-starting-aug-1?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/jul\/30\/trump-imposes-tariff-on-india-plus-penalty-over-ties-to-russia\" 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>ALSO- The US economy rebounded in 2Q 2025<\/strong>, growing 3% after contracting in the first quarter of the year, on the back of strong consumer spending and a turnaround in the trade balance. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/07\/30\/gdp-q2-2025-.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/us-gdp-q2-2025-359c022b?mod=hp_lead_pos2\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-30\/us-economy-rebounds-with-3-gdp-growth-after-trade-reversal\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Microsoft and Meta are both spending big on AI<\/strong>, after reporting strong quarterly earnings. Microsoft, which is set to become the second company to reach a market cap of USD 4 tn, is penciling in USD 30 bn in capital expenditures in its first quarter of its fiscal year, while Meta pledged to spend more from its advertising revenues well into 2026. Both companies\u2019 shares rose more than 9% in afterhours trading on the news. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/07\/30\/metas-big-ai-spending-blitz-will-continue-into-2026-.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/83250c1a-18f0-47fb-9748-257e9c848aa1\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-30\/microsoft-set-to-hit-4-trillion-market-cap-after-earnings-beat?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/microsoft-spend-record-30-billion-this-quarter-ai-investments-pay-off-2025-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The US doubled down on its pressure campaign on Iran with sweeping new sanctions<\/strong> on 115-linked Iranian individuals and businesses, broadly targeting the shipping business of Hossein Shamkhani, the son of senior adviser to Supreme Leader Ayatollah Ali Khamenei. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-30\/us-hits-iran-oil-trading-network-in-sanctions-crackdown?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/us-hits-iranian-shipping-network-with-major-new-sanctions-2025-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p><strong>#4- ALSO- Canada is now the latest to pledge recognition of the Palestinian state at September\u2019s UN summit<\/strong>, following in the footsteps of France and the UK. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-30\/canada-plans-to-recognize-palestinian-state-joining-france-uk?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/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. 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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">TRADE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/non-oil-trade-soars-24-y-o-y-to-hit-aed-1-7-tn-in-1h-2025\/\">\r\n                            Non-oil trade surges 24% y-o-y to hit AED 1.7 tn in 1H 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2667.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106090\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/non-oil-trade-soars-24-y-o-y-to-hit-aed-1-7-tn-in-1h-2025\/2667-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2667.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2667.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2667.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2667.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106089\" class=\"content-area-description single-story post-106089 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-economy tag-enterpriseam-uae tag-gdp tag-trade 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\/.9982dda7-8c4a-4ef2-bb31-b81016b831b7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Non-oil foreign trade surged 24% y-o-y in the 1H 2025<\/strong>, reaching nearly AED 1.73 tn during the period, driven by a boom in non-oil exports, according to an <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/1950475207950438876\" style=\"\" rel=\"noopener\">X post<\/a> from Dubai Ruler and Prime Minister Mohammed bin Rashid Al Maktoum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>Non-oil exports hit a historic high in 1H this year, reaching AED 369.5 bn. This remarkable achievement represents a growth rate exceeding 44.7% y-o-y, a first for the country, Dubai Media Office said in a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/july\/30-07\/mohammed-bin-rashid-uae-non-oil-foreign-trade-exceeded-aed1-trillion-in-h1-2025\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. They contributed 21.4% of the UAE\u2019s total non-oil foreign trade, marking an increase from 18.4% in the first half of 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, non-oil imports reached AED 969.3 bn<\/strong>, giving the UAE a trade surplus of around AED 761 mn, according to the statement. Re-exports reached AED 389 bn, up 14% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top trade partners:<\/strong> Trade with Switzerland surged by an impressive 120% y-o-y, followed by Turkey (41%), India (33%), the US (29%), and Saudi Arabia (21.3%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, <\/strong><strong>the UAE\u2019s non-oil foreign trade is now expected to hit AED 4 tn by 2027<\/strong> \u2014 four years ahead of the original 2031 target, Dubai Media Office said earlier in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61887c98-956a-4b67-89b5-66ee2796d8d0\/non-oil-trade-boom-continues-in-1q\" style=\"\" rel=\"noopener\">June<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Non-oil foreign trade rose 18.6% y-o-y to AED 835 bn in 1Q 2025, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cda1b829-7b7d-49df-9b25-f071572387ba\/the-uae%25e2%2580%2599s%253cmark%253e-non-oil%253c%2Fmark%253e%253cmark%253e-foreign%253c%2Fmark%253e%253cmark%253e-trade%253c%2Fmark%253e-exceeded-aed-2.8-tn-in-2024--cbuae\" style=\"\" rel=\"noopener\">exceeded<\/a> AED 2.8 tn in 2024, with non-oil exports growing 29.3% y-o-y, while re-exports grew by 3.8%, and imports climbed by 13.5%. This performance came on the back of an expansion in the UAE\u2019s trade and economic agreements with several countries last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil GDP outlook:<\/strong> Fitch\u2019s BMI <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f03ad98c-a477-4024-ade0-9d019a0922f6\/bmi-trims-its-growth-forecast-for-the-uae-to-4.3%2525-in-2025\" style=\"\" rel=\"noopener\">sees<\/a> non-oil growth coming in at 4.2% this year rather than 4.7% \u2014 down from the 5% growth seen last year. Meanwhile, the Central Bank of the UAE (CBUAE) predicted a slowdown to 4.5% this year, and the IMF sees the UAE\u2019s non-oil GDP growing by 4.5% this year, with tourism, public spending, construction, and financial services driving growth.<\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"106091\" 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=\"106091\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/gulf-capital-offloads-majority-stake-in-art-fertility-to-kkr-backed-group\/\">\r\n                            Gulf Capital offloads majority stake in Art Fertility to KKR-backed group                        <\/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\/31\/gulf-capital-offloads-majority-stake-in-art-fertility-to-kkr-backed-group\/\" 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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IVI-RMA Global, which is backed by US private equity firm KKR & Co, is one of the world\u2019s largest medical institutions dedicated to assisted reproduction. The story got ink from <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-30\/kkr-backed-firm-buys-gulf-capital-s-mideast-fertility-business\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not a full exit\u2026: <\/strong>The sale, which followed a competitive auction process, covers Art Facility\u2019s Middle East operations, namely three clinics in the UAE and one in Saudi Arabia, though it excludes its 11 clinics in India, which Gulf Capital will continue to own. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026but a big-cash-in: <\/strong>While the transaction value and exact returns were not disclosed, Gulf Capital said the sale is expected to generate \u201ca significant return on invested capital,\u201d naming it as one of the firm\u2019s most successful exits. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Five years in the making: <\/strong>Gulf Capital acquired Art Facility in 2020 and expanded it from a UAE-focused operator to a regional platform of 15 clinics, before it was reported to be looking for an exit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aa413680-bd7f-48c5-b2f4-7d129d8c2ec6\/this-morning:-gulf-capital-plans-to-sell-its-fertility-business-art-fertility\" style=\"\" rel=\"noopener\">earlier this year<\/a>. The PE firm claims the IVF center\u2019s bottom line in the Middle East quadrupled during its ownership, without disclosing figures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- This is Gulf Capital\u2019s fourth recent exit<\/strong>, following the sale of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/921663fd-eb36-45eb-9f4d-c1ad80707a4b\/gulf-capital-offloads-stake-in%253cmark%253e-amcan%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">AmCan<\/a> in January 2024, its divestment from EGX-listed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/156b85de-4520-403b-ab81-f1c73944b0a0\/open-banking-startup-tarabut-buys-london%E2%80%99s-vyne-%2B-gulf-capital-exits-middle-east-glass\" style=\"\" rel=\"noopener\">Middle East Glass<\/a>  to Mena Glass Holdings later that year, and the transfer of its entire stake in energy services provider <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1e8f02fc-6847-4600-86da-60487d214dd9\/gulf-capital-continues-exit-spree,-offloads-kuiper-stake\" style=\"\" rel=\"noopener\">Kuiper Group<\/a> to India\u2019s Asian Energy Services in April of this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two more to come?<\/strong> CEO Karim El Solh told EnterpriseAM UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1e8f02fc-6847-4600-86da-60487d214dd9\/gulf-capital-continues-exit-spree,-offloads-kuiper-stake\" style=\"\" rel=\"noopener\">earlier this year<\/a> that 2025 was shaping up to be \u201ca productive year for Gulf Capital in terms of exits,\u201d adding that the firm was working on three large divestments to be announced over the following two quarters. With the ART Fertility sale now completed, that pipeline may have narrowed to two major exits still to come.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Moelis & Company quarterbacked the transaction as both Gulf Capital and Art Fertility\u2019s M&A advisor, with A&O Shearman providing counsel.<\/p>\n<p class=\"tag-border-left\">OTHER M&A NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia<\/strong><strong> backs India\u2019s NSDL IPO:<\/strong> The Abu Dhabi Investment Authority (Adia) invested INR 140 mn (AED 5.9 mn) for a 1.17% stake in India\u2019s National Securities Depository as part of its INR 40.1 bn (AED 1.7 bn) IPO, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1968.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The offer opened for public subscription yesterday, and fully sold within hours of launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other major anchor investors include the Life Ins. Corporation of India, which secured the largest allocation at 11.99%<\/strong>, followed by the Smallcap World Fund with 8.33%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This move follows a series of substantial India-focused investments by Adia in 2025. <\/strong>The fund invested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/341dddf2-ed71-40f5-adf3-412a198b9740\/%253cmark%253eadia%253c%2Fmark%253e-invests-usd-200-mn-in-indian-medical-device-manufacturer-meril\" style=\"\" rel=\"noopener\">USD 200 mn<\/a> in medical device manufacturer Micro Life Sciences, through a subsidiary, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82fb2c82-4102-434e-a29c-886a903c44ee\/mubadala-pours-more-capital-into-cityfibre-and-pci-pharma-services\" style=\"\" rel=\"noopener\">41.3 crore<\/a> (c. AED 17.7 mn) in the USD 395 mn (AED 1.5 bn) IPO of drugmaker Anthem Biosciences. Adia also invested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6b93251-1b80-4acc-b16a-b1fea8182a07\/adia-picks-up-5%2525-of-india%25e2%2580%2599s%253cmark%253e-idfc%253c%2Fmark%253e-first\" style=\"\" rel=\"noopener\">USD 310 mn<\/a> (AED 1.1 bn) for a 5.1% stake in IDFC First Bank.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-capital\/\">Gulf Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"106093 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=\"106093\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/106093-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106093\" class=\"content-area-description single-story post-106093 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=\"106094\" 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=\"106094\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/uae-cracks-down-on-social-media-influencers\/\">\r\n                            UAE\u2019s new council regulates social media advertising with license requirements                        <\/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\/31\/uae-cracks-down-on-social-media-influencers\/\" 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\/31\/uae-cracks-down-on-social-media-influencers\/')\">\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\/31\/uae-cracks-down-on-social-media-influencers\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE cracks down on social media influencers&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/uae-cracks-down-on-social-media-influencers\/\">\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\/31\/uae-cracks-down-on-social-media-influencers\/&title=UAE cracks down on social media influencers\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+cracks+down+on+social+media+influencers+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F31%2Fuae-cracks-down-on-social-media-influencers%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\/31\/uae-cracks-down-on-social-media-influencers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1924.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106095\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/uae-cracks-down-on-social-media-influencers\/1924-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1924.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1924.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1924.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1924.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106094\" class=\"content-area-description single-story post-106094 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-enterpriseam-uae tag-media tag-regulation tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.a41722a6-a7e3-44e0-858c-762335bf1173.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The<\/strong> <strong>UAE\u2019s<\/strong><strong> Media Council <\/strong><strong>is making it mandatory for social medi<\/strong><strong>a content creators generating paid or unpaid promotional content online to get advertiser licenses<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/uaemc.gov.ae\/en\/news\/%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d8%a5%d9%85%d8%a7%d8%b1%d8%a7%d8%aa-%d9%84%d9%84%d8%a5%d8%b9%d9%84%d8%a7%d9%85-%d9%8a%d8%b7%d9%84%d9%82-%d8%aa%d8%b5%d8%b1%d9%8a%d8%ad-%d9%85%d8%b9%d9%84%d9%86\/\" style=\"\" rel=\"noopener\">statem<\/a><a target=\"_blank\" href=\"https:\/\/uaemc.gov.ae\/en\/news\/%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d8%a5%d9%85%d8%a7%d8%b1%d8%a7%d8%aa-%d9%84%d9%84%d8%a5%d8%b9%d9%84%d8%a7%d9%85-%d9%8a%d8%b7%d9%84%d9%82-%d8%aa%d8%b5%d8%b1%d9%8a%d8%ad-%d9%85%d8%b9%d9%84%d9%86\/\" style=\"\" rel=\"noopener\">ent<\/a>. This also means that businesses can only engage licensed individuals for social media promotions. The permit requirement will come into effect within three months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The good news is: You don\u2019t have to pay \u2014 for now. <\/strong>All new permits, including renewals, will be granted without charge for three years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Travel vloggers be mindful:<\/strong> The regulation also extends to visiting content creators, who will need a Visitor Advertiser Permit \u2014 valid for three months \u2014 to promote content in the UAE. Visitors will be expected to register through a licensed, Council-approved advertising or talent management agency in the UAE. Visitor permits can only be extended once for another three months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Who\u2019s exempt? <\/strong>Social media users promoting their own products or their own firms through personal accounts are exempt. Similarly, individuals under 18 who generate educational, athletic, cultural, or awareness content also won\u2019t need the permit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hand of law extends:<\/strong> Permit holders must stick to the UAE\u2019s media content standards and display their permit numbers on social media profiles. All advertisements must be published through an individual's registered and permitted account, and account holders can\u2019t allow others to advertise using their account.<\/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\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"106096 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=\"106096\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/106096-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106096\" class=\"content-area-description single-story post-106096 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=\"106097\" 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=\"106097\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/abu-dhabi-office-market-stays-tight-as-grade-a-demand-outpaces-supply\/\">\r\n                            Abu Dhabi office market stays tight as Grade A demand outpaces supply                        <\/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\/31\/abu-dhabi-office-market-stays-tight-as-grade-a-demand-outpaces-supply\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n    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tight as Grade A demand outpaces supply&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/abu-dhabi-office-market-stays-tight-as-grade-a-demand-outpaces-supply\/\">\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\/31\/abu-dhabi-office-market-stays-tight-as-grade-a-demand-outpaces-supply\/&title=Abu Dhabi office market stays tight as Grade A demand outpaces supply\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Dhabi+office+market+stays+tight+as+Grade+A+demand+outpaces+supply+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F31%2Fabu-dhabi-office-market-stays-tight-as-grade-a-demand-outpaces-supply%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\/31\/abu-dhabi-office-market-stays-tight-as-grade-a-demand-outpaces-supply\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106098\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/abu-dhabi-office-market-stays-tight-as-grade-a-demand-outpaces-supply\/574-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"574.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/574.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106097\" class=\"content-area-description single-story post-106097 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-abu-dhabi tag-adgm tag-enterpriseam-uae tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.a61f7f3a-5b44-4a74-a214-bb1e8f25361a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu <\/strong><strong>Dhabi's office market maintained tight conditions in 1H 2025<\/strong>, with strong demand and limited Grade A availability driving occupancy rates to record highs, according to a recent Savills <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1914.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADGM\u2019s 1Q 2025 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ea0e9136-666c-4d78-b6a0-5ba7ae8bb274\/adgm-sees-33%2525-surge-in-aum,-67%2525-jump-in-new-licenses-in-1q\" style=\"\" rel=\"noopener\">expansion to Al Reem Island<\/a><\/strong><strong> added <\/strong><strong>500k sqm<\/strong><strong> of premium office inventory to the market.<\/strong> Business activity saw a significant uptick on the back of this, with the financial freezone now housing 2.8k operational firms \u2014 a 43% increase from the previous year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expansion also led to an uptick in activity on Al Reem and Al Maryah islands.<\/strong> The completion of Saas Business Tower in 2Q delivered an additional 130k sq ft of Grade A space to Reem Island, while Al Maryah Island's workforce expanded 17% to surpass 29k professionals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who led the demand? <\/strong>Leasing demand remained concentrated in the banking, financial services, and ins. (BFSI) sector, alongside growing requirements from hedge funds, consulting firms, and tech companies. Most transactions focused on mid-sized units between 10k-20k sq ft. As Grade A shortages persisted, secondary locations \u2014 including the Corniche and Downtown areas \u2014 saw increased interest in Grade B properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Average rents in ADGM are now upwards of AED 3.5k per sqm<\/strong>, as rental growth accelerated across all submarkets. Central business district (CBD) properties recorded 42% y-o-y increases in 2Q, while rents outside CBD areas grew a more moderate 18%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook:<\/strong> Pre-leasing commitments from the likes of Aldar and Mubadala indicate that the office market will continue to expand, though limited Grade A availability will maintain upward pressure on rents as Abu Dhabi continues to attract corporations, family offices, and high-net-worth individuals this year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/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=\"106099\" 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=\"106099\">\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\">COFFEE WITH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/behind-the-dfms-performance-this-year-the-slowdown-in-ipos-and-whats-in-store-for-2h-2025\/\">\r\n                            Behind the DFM's performance this year, the slowdown in IPOs, and what's in store for 2H 2025                        <\/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\/31\/behind-the-dfms-performance-this-year-the-slowdown-in-ipos-and-whats-in-store-for-2h-2025\/\" 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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Altogether, it\u2019s been a strong year so far for regional capital markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We sat down with EFG Hermes' head of investment banking, Mostafa Gad, to break <\/strong><strong>down what\u2019s behind the momentum<\/strong>, what foreign investors are looking for, and how to know we\u2019re on the right track for greater depth in capital markets. Gad also walked us through some of the stepping stones that helped the region\u2019s most active markets drive success.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gad sees equity capital markets (ECM) activity in the region as part of a multi-year trend <\/strong><strong>rather than just a 1H 2025 phenomenon.<\/strong> The current cycle, he says, has been running strong for the past three to four years, fueled by structural reforms across the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Saudi Arabia\u2019s main index is down over 9% YTD, while Dubai\u2019s benchmark rose 20%, and ADX is up more than 9%. EGX is up nearly 14% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fundamentals in the region are far stronger than many expect<\/strong>, according to Gad. Perceived risk is the biggest misconception foreign investors have about the region. Gad says the perception is far worse than the reality. From afar, the region might seem unstable \u2014 but their confidence in the region rises quickly once they actually visit and engage with the market directly. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite a rocky geopolitical landscape, Gad is cautiously optimistic about the second<\/strong><strong> half of the year.<\/strong> Even with global headwinds such as the Trump administration\u2019s trade policies, Gad isn\u2019t too concerned about the impact of these developments on regional markets. In fact, he expects geopolitical tensions to ease, rather than intensify, in the near term. Markets have shown resilience, and if that holds, 2H could shape up nicely. Looking ahead, the pipeline for IPOs in the second half is expected to surpass that of the first half. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EFG has a packed calendar for the remainder of the year.<\/strong> The firm is preparing several issuances in Saudi, the UAE, and Kuwait. On the equity side, they\u2019ve already closed four transactions and aim to complete another three to five before year-end. M&amp;A and DCM pipelines are also very active.<\/p>\n<p class=\"tag-border-left\">THE LOCAL STORY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s holding back the IPO pipeline in the UAE compared to regional peers? <\/strong>Saudi Arabia simply has a larger and more developed private sector than the UAE, according to Gad. Even without the big government listings, there are more companies ready to go public in Saudi. The UAE\u2019s private sector, while dynamic, is smaller, hence fewer IPO candidates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Authorities here understood that to build a vibrant and liquid equity market, they needed<\/strong><strong> to list successful state-owned enterprises.<\/strong> Landmark IPOs such as DEWA and Salik helped attract investor attention, injected liquidity, and laid the groundwork for increased private-sector participation down the line.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diversification is a key driver of resilience on DFM: <\/strong>The exchange has shown resilience in its YTD performance largely because the market has somewhat decoupled from oil prices, thanks to its diversified economic drivers, Gad said. People have historically seen a strong correlation between real estate and oil prices. But that relationship seems to have been tested again this year, and it\u2019s not holding up the way it used to. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The economy remains vibrant, with strong performance across key sectors<\/strong> including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a9faf458-71a3-4924-b4d2-d86ca835bc43\/new-launches-fuel-abu-dhabi-property-market-boom\" style=\"\" rel=\"noopener\">real estate<\/a>, services, logistics, tourism, and real estate. All of these verticals are thriving, which may explain the divergent performance between the DFM and other regional markets.<\/p>\n<p class=\"tag-border-left\">ELSEWHERE IN THE REGION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi\u2019s ECM now offers remarkable diversity<\/strong>, Gad said, explaining that investors can tap into a wide range of sectors, from energy and infrastructure to healthcare and consumer goods. Each company brings a different story, management style, and growth potential, making the market both deep and dynamic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Now the results speak for themselves: <\/strong>The Saudi market has been averaging around 20 listings per year \u2014 figures that were virtually unheard of in the past, he said, explaining that many of these offerings have been substantial in size, reflecting growing investor confidence and interest. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul has had some muted debuts, mostly due to stretched valuations<\/strong>, Gad said, adding that a correction may actually be a healthy development. This correction is viewed positively as a breather that allows for a reset toward more normalized valuation multiples. It also helps in creating more sustainable market capitalizations for listed companies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And over in Egypt, the EGX is still lagging on listings \u2014 mostly thanks to a lack of deep domestic institutional<\/strong><strong> capital.<\/strong> Big IPOs typically require foreign participation, and that had been on pause due to FX uncertainty and repatriation concerns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What foreign investors want from Egypt: \u201cGrowth, plain and simple.\u201d<\/strong> To attract foreign interest, Egyptian companies need to show robust growth, particularly in an inflationary environment, he explained, adding that with interest rates above 20%, dividend yields alone won\u2019t cut it. Why invest in a stock when you can get a 20% zero-risk return? Gad says foreign investors are now looking for high-growth businesses with strong fundamentals and the resilience to withstand currency shocks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could Egypt see more listings this year? Possibly, but don\u2019t hold your breath.<\/strong> It will likely take another 6-12 months before the EGX sees larger offerings again. Investor confidence is building, but it takes time to translate that into action.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/coffee-with\/\">Coffee With<\/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=\"106101\" 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=\"106101\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/fed-cuts-could-unlock-gcc-bond-rally-fuel-equity-gains\/\">\r\n                            Fed cuts could unlock GCC bond rally + fuel equity gains                        <\/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\/31\/fed-cuts-could-unlock-gcc-bond-rally-fuel-equity-gains\/\" 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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Lower yields and tighter credit spreads would lift fixed income returns and spur issuance from both sovereigns and high-grade corporates looking to lock in cheaper funding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all about the context:<\/strong> If the Fed chooses to resume its rate-cutting cycle due to a mild slowdown in economic growth in the US, the cuts would support regional equities through stronger liquidity without undermining oil prices, he said. On the flip side, cuts triggered by a sharp US recession would be less supportive, as weakening global demand would pressure oil prices and curb credit appetite.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq expects the Fed to cut rates twice before year-end<\/strong>, in line with most analysts\u2019 expectations, followed by at least four more reductions in 2026. Shitole said this outlook reflects expectations of moderating US growth, the long-term deflationary effects of tariffs, and the emergence of a more dovish Fed leadership next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Fed Chair Jerome Powell\u2019s run as chair ends in May 2026, and with the US President Donald Trump\u2019s administration recent frustrations with him and his objections to the slow pace of rate cutting, speculation over who will be his successor \u2014 with names like Treasury Secretary Scott Bessent in the ring \u2014 abound. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A best-case scenario would see the Fed\u2019s resumption of rate cuts drive high single-digit returns in GCC fixed income<\/strong>, supported by strong oil prices, tighter spreads, and robust investor demand, Shitole said. GCC equities would also benefit as lower borrowing costs stimulate credit demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The worst-case outcome would involve falling oil prices and a weaker USD eroding fiscal firepower, widening spreads, and dampening credit appetite<\/strong>, he noted. For GCC economies with currencies pegged to the USD, a weaker USD could also push up import prices, creating inflationary pressures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OUTLOOK INTO 2026 -<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq remains constructive on MENA fixed income, <\/strong>expecting mid-to-high single-digit total returns with carry (yield c.5.7%, 60 bps above the five-year average) as the main driver amid tight valuations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Low default rates compared with emerging market peers also reinforce the region\u2019s appeal.<\/strong> Shitole pointed to Egypt, Oman, and Morocco as standouts on reform momentum and improving credit metrics, while Saudi bonds are favored in the belly and front end, with the UAE and Qatar offering defensive value.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On equities<\/strong>, Shitole sees structural reforms in Saudi Arabia, Oman, UAE, and Kuwait supporting investments and capital flows in energy, IT, real estate, and hospitality. <\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us-federal-reserve\/\">US Federal Reserve<\/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=\"106103\" 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=\"106103\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/more-earnings-pour-in-3\/\">\r\n                            Adnoc Drilling, Ghitha, Emsteel, Americana and Alef report 1H results                        <\/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\/31\/more-earnings-pour-in-3\/\" 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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Revenue for the quarter climbed 27.9% y-o-y to USD 1.2 bn, supported by continued rig fleet expansion and rising demand for onshore and oilfield services, according to its management discussion and analysis <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1898.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. The board approved a USD 216.8 mn dividend for the quarter, equivalent to 4.98 fils per share, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1899.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>For the six-month period<\/strong>, net income reached USD 691.9 mn, up 21.5% y-o-y, while revenues rose 29.9% y-o-y to USD 2.4 bn. Oilfield services saw the most growth, with revenues more than doubling to USD 689 mn due to increased contributions from the unconventional drilling segment and expanded integrated drilling services, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1901.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Its onshore services brought in the lion\u2019s share of revenues with USD 1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>1H growth was further underpinned by some USD 4.8 bn in new contracts <\/strong>\u2014 its strongest ever backlog expansion. Adnoc Drilling also moved to acquire <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e832e610-531e-4302-b566-22a39164bcc0\/adnoc-drilling-is-now-in-oman-and-kuwait\" style=\"\" rel=\"noopener\">a 70% stake in SLB\u2019s land rig businesses<\/a> in Kuwait and Oman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, 2H is set to outperform 1H<\/strong>, CFO Youssef Salem said in an earnings call yesterday. The firm raised the lower end of its 2025 revenue and earnings guidance to USD 4.65 from USD 4 bn, with net income expected to land between USD 1.375-1.45 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm also upped its refinancing target from USD 1 bn to USD 1.5 bn, citing strong demand from banks<\/strong>, Salem told Asharq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/92143\/%D8%A5%D9%82%D8%A8%D8%A7%D9%84-%D8%A7%D9%84%D8%A8%D9%86%D9%88%D9%83-%D9%8A%D8%B4%D8%AC%D8%B9-%D8%A3%D8%AF%D9%86%D9%88%D9%83-%D9%84%D9%84%D8%AD%D9%81%D8%B1-%D9%84%D8%B1%D9%81%D8%B9-%D8%B7%D9%84%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-50-%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9\/\" style=\"\" rel=\"noopener\">watch, runtime: 8:59<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The M&A pipeline for its JV with Alpha Dhabi, Enersol, is healthy<\/strong>, with several transactions expected to be signed this year, and most of its USD 380 mn equity stake likely to be deployed in 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> AMERICANA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX and Tadawul-listed F&B giant Americana Restaurants reported a net inco<\/strong><strong>me of USD 92.5 <\/strong><strong>mn in 1H 2025<\/strong>, up 15.7% y-o-y with revenues growing 15.6% to USD 1.2 bn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1905.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The growth came on the back of an increase in like-for-like sales, strategic expansion, product innovation, and continued cost discipline. The company maintained last year\u2019s net income margin of 7.6% despite some USD 8.2 mn in new taxes in its main markets in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm expanded its footprint by opening 36 new stores and integrating 46 Pizza Hut outlets in Oman<\/strong>, bringing the company\u2019s total store count to 2.6k locations across 12 countries. Americana also signed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ded507ec-06a4-4854-ad6c-34341a6492dd\/elevate,-ennismore-plan-usd-500-mn-residential-project-on-al-marjan-island\" style=\"\" rel=\"noopener\">exclusive franchise agreement<\/a> with Greek food and beverage brand carpo earlier this month with rights in Kuwait and Qatar, and further expansion planned in Bahrain and Saudi Arabia. It is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0881fedb-7dfa-4e83-a919-7578251a1619\/this-morning:-uae-reopens-airspace-%2B-trump-says-iran-and-israel-agree-to-a-ceasefire\" style=\"\" rel=\"noopener\">in talks to buy<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0881fedb-7dfa-4e83-a919-7578251a1619\/this-morning:-uae-reopens-airspace-%2B-trump-says-iran-and-israel-agree-to-a-ceasefire\" style=\"\" rel=\"noopener\">a stake<\/a> in Dubai-based Cravia, the MENA operator of Five Guys, Cinnabon, and Zaatar w Zeit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GHITHA-<\/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:\/\/ghitha.com\/\" style=\"\" rel=\"noopener\">Ghitha<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/ghitha.com\/\" style=\"\" rel=\"noopener\">Holding<\/a><\/strong><strong> saw its <\/strong><strong>net income drop to AED 2 mn in 2Q, <\/strong>down from AED 106.8 mn the year before, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1904.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. This is due to a AED 71.8 mn boost from gains on a bargain purchase during 2Q 2024, while 2Q 2025 saw it take an AED 105.4 mn hit from discontinued operations. On the other hand, the Abu Dhabi-based food manufacturer\u2019s revenues rose 8.9% to AED 1.3 bn during the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Its bottom line for the six-month period came in at AED 54.6 mn<\/strong>, well below the AED 2.8 bn figure reported in 1H 2024, which included substantial one-off gains. Once again, revenues performed better \u2014 rising 6.7% y-o-y to AED 2.6 bn. The company attributed its top line growth to recent acquisitions, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b040f219-46a0-45f6-ae50-2ae8e4811d29\/ghitha,-easy-lease-see-net-income-fall-in-1q\" style=\"\" rel=\"noopener\">Al Jazira Poultry<\/a> in 1H and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bb22d9c8-cb4c-4cda-b8bd-27d48b20d648\/indian-crypto-unicorn-acquires-dubai%25e2%2580%2599s-bitoasis\" style=\"\" rel=\"noopener\">Arabian Farms<\/a> last year, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1908.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\">\n<p class=\"tag-border-left\">EMSTEEL GROUP-<\/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.emsteel.com\/\" style=\"\" rel=\"noopener\">Emsteel<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emsteel.com\/\" style=\"\" rel=\"noopener\">Group<\/a><\/strong> <strong> posted AED 101.7 mn in net income for the second quarter of 2025<\/strong>, up 119.9% y-o-y, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1909.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Revenues rose 17.8% to AED 2.1 bn during the quarter. For the six-month period, its bottom line reached AED 188 mn, up 7.7% y-o-y, while its top line saw a 8.7% y-o-y uptick to come in at AED 4.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The growth was driven by improved operational and cost efficiency<\/strong>, which helped offset margin pressures, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1910.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The firm\u2019s steel division contributed AED 3.9 bn in revenues for 1H, up 7% y-o-y despite a 4% y-o-y dip in steel prices, while its cement segment brought in AED 428 mn, up 21% y-o-y. The group also shifted its focus from semi-finished to finished products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> ALEF EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alef Education recorded a 3.4% y-o-y increase in net income to AED 117 mn i<\/strong><strong>n 2Q <\/strong><strong>25,<\/strong> according to the firm's <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1930.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf).<\/a> Revenues remained largely flat, at AED 177.6 mn for the quarter, compared to AED 177.5 mn the year before.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis: <\/strong>The firm\u2019s bottom line saw 2.7% growth y-o-y to reach AED 232.3 mn, and revenues inched up 0.9% to AED 357.3 mn on the back of stable contributions from Alef\u2019s core UAE portfolio, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1929.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The six months also saw robust growth in other business and government contracts outside of its partnership with the Abu Dhabi Department of Education and Knowledge (ADEK).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>Alef Education will distribute a total dividend of AED 209 mn to shareholders, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1931.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NMDC- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NMDC had a good 2Q: <\/strong>The National Marine Dredging Company (NMDC) Group saw its bottom line hike up 18% y-o-y to AED 971 mn in 2Q 2025, while revenues increased 5% y-o-y to AED 7.1 bn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1900.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. This was driven by enhanced cost efficiency, increased operating margins, and robust operational control, according to a separate <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/2025-abs4vdkz\" style=\"\" rel=\"noopener\">earnings release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H terms:<\/strong> The ADX-listed firm recorded a 20% y-o-y boost in its net income to AED 1.8 bn, while its revenues rose 10% y-o-y to AED 13.4 bn during the same period. The firm attributes the increase to its expansion into regional markets and ongoing infrastructure development projects, the statement adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Operational highlights:<\/strong> The total value of the firm\u2019s projects under development hit AED 66.2 bn \u2014 with AED 15.1 bn awarded in 2Q alone. It\u2019s also participating in AED 100 bn worth of ongoing tenders. NMDC Group\u2019s newly launched logistics arm, NMDC LTS, also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f540a865-608f-4b86-9aaa-2e81cb48c0d1\/%253cmark%253enmdc%253c%2Fmark%253e-lts-seals-emdad%25e2%2580%2599s-acquisition\" style=\"\" rel=\"noopener\">finalized its acquisition of a 70% stake<\/a> in Abu Dhabi-based oilfield services and logistics firm Emdad last month.<\/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\/adnoc-drilling\/\">Adnoc Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/alef-education\/\">Alef Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/americana\/\">Americana<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emsteel\/\">Emsteel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ghitha-holding\/\">Ghitha Holding<\/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=\"106105\" 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=\"106105\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/sukoon-ins-ceo-steps-down\/\">\r\n                            Sukoon Ins. CEO steps down                        <\/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\/31\/sukoon-ins-ceo-steps-down\/\" 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\/31\/sukoon-ins-ceo-steps-down\/')\">\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\/31\/sukoon-ins-ceo-steps-down\/\">\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=Sukoon Ins. 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The disclosure did not specify a reason for the departure but thanked him for his leadership. The board appointed CFO Hammad Khan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hammad-khan-f-c-a-32a43622\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as interim CEO effective immediately.<\/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\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukoon-insurance\/\">Sukoon Insurance<\/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=\"106107\" 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=\"106107\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/\">\r\n                            Enec inks another nuclear collaboration, this time with Samsung                        <\/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\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/\" 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\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/')\">\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\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/\">\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=Enec is doubling down on nuclear energy in the US&url=https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/\">\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\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/&title=Enec is doubling down on nuclear energy in the US\">\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=Enec+is+doubling+down+on+nuclear+energy+in+the+US+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F07%2F31%2Fenec-is-doubling-down-on-nuclear-energy-in-the-us%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\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1936.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"106108\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/enec-is-doubling-down-on-nuclear-energy-in-the-us\/1936-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1936.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1936.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1936.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1936.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106107\" class=\"content-area-description single-story post-106107 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-air-arabia tag-also-on-our-radar tag-aviation tag-central-bank-of-the-uae tag-enterpriseam-uae tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.efb84982-177f-468d-93db-4dd6befb7d8c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ENEC<\/strong> <strong>+ Samsung eye nuclear collaboration: <\/strong>The Emirates Nuclear Energy Company (ENEC) and South Korea\u2019s Samsung C&T Corporation signed an MoU to partner on civil nuclear development and international investments, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/enec-and-samsung-ct-corporation-sign-agreement-to-advance-global-nuclear-energy-collaboration\/\" style=\"\" rel=\"noopener\">press release<\/a>. It inked similar agreements with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2315dd0-4399-4063-8b68-08ae01de2930\/dae-secures-10-boeing-amid-fleet-reshuffle-%2B%253cmark%253e-enec%253c%2Fmark%253e-eyes-international-nuclear-projects-with%253cmark%253e-hyundai%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Hyundai<\/a> and US-based nuclear power firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6a24c02d-dd73-4a31-9210-4257419d68db\/this-morning:-enec-eyes-us-nuclear-energy-projects-%2B-opec%2B-to-keep-oil-policy-steady-today%3F\" style=\"\" rel=\"noopener\">Westinghouse Electric<\/a> earlier this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Under the MoU<\/strong>, the two firms will look to invest in the US nuclear industry \u2014 focusing on building new plants, restarting old ones, engaging in mergers and acquisitions of brownfield plants, and backing nuclear service and equipment companies. They will also explore deploying small modular reactor technology in the UAE, US, and other international markets, look into nuclear-powered hydrogen production in South Korea, and develop a nuclear plant in Romania.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati VC Nuwa Capital participated in a US<\/strong><strong>D 39 mn extension of Riyadh-based <\/strong><strong>meal plan<\/strong><strong> startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/calo.app\/\" style=\"\" rel=\"noopener\">Calo<\/a><\/strong><strong>\u2019s series B funding round<\/strong>, bringing the total raised through the round to USD 64 mn and surpassing its initial target of USD 50 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/07\/calo-raises-39-milliion-series-b-extension-boost-global-growth\" style=\"\" rel=\"noopener\">press release<\/a>. The extension was led by Aljazira Capital, with participation from Nuwa and other recurring investors including STV, Khwarizmi Ventures, and Al Faisaliah Group, and Oraseya Capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go? <\/strong>Calo \u2014 which also operates in the UAE, Bahrain, Qatar and Kuwait \u2014 plans to use the funds to expand its product line into retail with long-life snacks and frozen meals for retail shelves, CEO Ahmed Alrawi told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-29\/saudi-foodtech-startup-raises-64-million-on-path-to-2027-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Calo also plans to develop an on-demand delivery service, which will require setting up dark kitchens \u2014 commercial cooking spaces supported by a logistics network.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More in the works: <\/strong>Calo is expanding its product offerings by introducing new meal segments for athletes and lifestyle customers and launching a new line of healthy consumer packaged goods. The company is also piloting Calo Black, an AI-powered private chef experience to generate personalized menus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DMDC <\/strong><strong>launches property investment arm: <\/strong>Dubai-based interior design and construction firm DMDC established a new property investment division \u2014 DMDC Estates \u2014 with an initial AED 70 mn commitment, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1923.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The fully-owned subsidiary will acquire, renovate, and sell premium residential properties across Dubai, beginning with projects in Arabian Ranches, Jumeirah Golf Estates, and Emerald Hills. DMDC plans to invest an additional AED 30 mn into the division later this year, the statement says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CBUAE <\/strong><strong>revokes Al Nahdi Exchange license: <\/strong>The Central Bank of the UAE (CBUAE) canceled Al Nahdi Exchange's operating license and removed it from the financial institutions register, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1926.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The decision follows regulatory examinations that found failures in anti-money laundering and counter-terrorism financing compliance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Air <\/strong><strong>Arabia will introduce direct flights from Ras Al Khaimah to two Russian cit<\/strong><strong>ies starting October 2025<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/press.airarabia.com\/air-arabia-expands-russian-network-from-ras-al-khaimah\/\" style=\"\" rel=\"noopener\">press release<\/a>. A weekly service to Yekaterinburg begins on 27 October, followed by flights to Kazan on 31 October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hexnode <\/strong><strong>launches Amazon-powered data center in the UAE:<\/strong> Unified endpoint management solution firm Hexnode established a new data center in the UAE, hosted on Amazon Web Services, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hexnode-expands-in-the-middle-east-with-new-uae-data-centres-e834tfos\" style=\"\" rel=\"noopener\">press release<\/a>. The infrastructure will support regional data residency requirements while improving performance for Middle Eastern customers in regulated sectors like finance, healthcare, and government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DISPUTES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Mazaya subsidiary sues over Dubai construction defects:<\/strong> A subsidiary of DFM-listed Kuwaiti firm Al Mazaya Holding filed a lawsuit in Dubai against a contracting company, subcontractors, and a consulting firm, alleging structural defects in buildings they developed, according to a DFM <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1938.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Al Mazaya is seeking AED 82 mn for repairs, along with 5% interest, and an additional AED 23.2 mn from other defendants. It is also requesting an additional AED 40 mn in punitive damages, citing negligence.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/air-arabia\/\">Air Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"106109\" 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=\"106109\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/the-fed-holds-rates-steady-defying-trumps-pressure\/\">\r\n                            The Fed keeps rates steady at 4.25-4.50%, despite a rare dissent                        <\/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\/31\/the-fed-holds-rates-steady-defying-trumps-pressure\/\" 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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Wobbling net exports did not hinder the Fed\u2019s decision, and the Fed left no hints on possible future rate cuts \u2014 at least until the trajectory of the Fed\u2019s dual mandates, jobs and inflation, are clearer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> Despite a low unemployment rate at 4.1%, a solid labor market, and moderate economic growth, inflation remained high in 1H this year, adding to the uncertainty of the economic prospect. Data provided limited justification to deviate from the cautious \u201cwait-and-see\u201d policy, which the Fed adopted since Trump took office.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cYou have to think of this as still quite early days<\/strong>. There's quite a lot of data coming in before the next meeting. Will it be dispositive? [...] It is really hard to say,\u201d Chair Jerome Powell said in a press conference. Investors seem to have taken Powell\u2019s comments as a signal that the Fed might wait a little longer before it resumes its easing cycle, reducing the probability of a rate cut in September to less than 50%, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/fed-leaves-rates-steady-despite-trump-pressure-gives-no-hint-september-cut-2025-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Patience over haste: <\/strong>\u201cWe believe that the current stance of monetary policy leaves us well positioned to respond in a timely way to potential economic developments,\u201d Powell said in June. Powell noted that trade policy uncertainty \u2014 especially around tariffs \u2014 continues to cloud the outlook and could fuel inflationary pressures if sustained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not all governors were on board<\/strong>: Yesterday\u2019s meeting saw a rare dissent against the tight monetary policy from two governors \u2014 both appointed by President Trump. Vice Chair for Supervision Michelle Bowman and Christopher Waller \u2014 who are potential nominees to succeed Powell next May \u2014 were in favor of lowering the interest rates by 0.25 percentage points, according to the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The last time a Fed\u2019s meeting saw an objection from two of its governors was over 30 <\/strong><strong>years ago<\/strong>, reigniting fears of Trump\u2019s public pressure affecting the work of the independent institution. Trump has been vocal in attacking Powell at every turn, demanding interest rate cuts and mounting a campaign against the Fed for alleged corruption and spending bns on renovations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are trading mixed this morning<\/strong>, after the US cemented a 15% blanket tariff on South Korea. Hong Kong\u2019s Hang Seng is down 1.4% and the Shanghai Composite is down 0.8%, while Japan\u2019s Nikkei is going in the opposite direction with an 0.9% increase. Meanwhile, Wall Street futures are rising on positive earnings from Meta and Microsoft.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,353<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +9.9%)<\/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>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\">6,208<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +20.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,914<\/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: -9.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">33,860<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +13.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,363<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +8.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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\">9.137<\/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: +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\">5,393<\/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: +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>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 73.51<\/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\">+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.02<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,337.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 117,105<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +24%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.53<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.4% (YTD: -1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">146.79<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">15.48<\/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% (YTD: -10.8%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.5% yesterday<\/strong> on turnover of AED 569.2 mn. The index is up 20.3% 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>United Foods (+15.0%), Dubai Taxi (+3.4%) and Islamic Arab Ins. (+2.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>International Financial Advisors (-5.5%), National Cement (-3.2%) and National General Ins. (-2.4%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.1% on turnover of AED 1.2 bn. 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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us-federal-reserve\/\">US Federal Reserve<\/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=\"106111\" 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=\"106111\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/31\/uae-egypt-to-form-joint-working-group-for-energy\/\">\r\n                            UAE, Egypt to form joint working group for energy                        <\/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\/31\/uae-egypt-to-form-joint-working-group-for-energy\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The talks come in light of Egypt\u2019s focus on securing energy resources through regional and international collaboration. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/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\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-egypt-relations\/\">UAE-Egypt relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"106113\" 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\/31\/106113-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-106113\" class=\"content-area-description single-story post-106113 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;\">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>8-18 September (Monday-Thursday): BHM Capital Financial Services\u2019s AED 200 mn rights issue will be open for subscriptions. <\/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>ALSO- Influencers now need advertising permits<\/p>\n","protected":false},"featured_media":106085,"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-106084","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3d8f4cd5-4172-47f2-a56e-3c552e7f8832","teaser":"ALSO- Influencers now need advertising permits","photo_url":"https:\/\/ent.news\/2024\/2\/1186.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Non-oil trade was up 24% y-o-y 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