{"id":107508,"date":"2025-09-16T00:00:00","date_gmt":"2025-09-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=107508"},"modified":"2025-12-15T04:56:26","modified_gmt":"2025-12-15T04:56:26","slug":"alec-holdings-to-take-20-stake-to-market-in-october-mubadala-wraps-du-follow-on-sale","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/alec-holdings-to-take-20-stake-to-market-in-october-mubadala-wraps-du-follow-on-sale\/","title":{"rendered":"Alec Holdings to take 20% stake to market in October + Mubadala wraps du follow-on sale"},"content":{"rendered":"<section id=\"107510\" 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=\"107510\">\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\/09\/16\/this-morning-emirates-islamic-lines-up-green-sukuk-emirates-airlines-to-sponsor-real-madrid-basketball-team\/\">\r\n                            THIS MORNING: Emirates Islamic lines up green sukuk + Emirates Airlines to sponsor Real Madrid basketball team                        <\/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      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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/this-morning-emirates-islamic-lines-up-green-sukuk-emirates-airlines-to-sponsor-real-madrid-basketball-team\/389-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/389.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"389.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/389.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/389.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107510\" class=\"content-area-description single-story post-107510 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-australia tag-banking tag-biofuels tag-carrefour tag-debt tag-emirates-airlines tag-emirates-islamic-bank tag-enterpriseam-uae tag-majid-al-futtaim tag-nasdaq-dubai tag-ras-al-khaimah tag-ras-al-khaimah-economic-zone tag-retail tag-sports tag-sustainable-aviation-fuels tag-uae-india-relations tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.2fed63fe-88fe-4855-a4f5-830f27e20f2c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people. <\/strong>As we pass the halfway mark of September, plenty of activity on the capital markets side is keeping us busy, with Dubai set to see its first IPO in months next month and another secondary sale in the bag. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alec Construction<\/strong> is taking a 20% stake to the <strong>DFM<\/strong> in October, while <strong>Mubadala<\/strong> raised <strong>AED 3.2 bn<\/strong> from its follow-on offering for <strong>Du<\/strong>. Meanwhile, Al Futtaim Group finalized its acquisition of a minority stake in Saudi Arabia\u2019s Cenomi Retail. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the investments side<\/strong>, Sharjah\u2019s FDI investments were up over 300% y-o-y in 1H 2025, while Space42 is entering a joint venture with the US\u2019 Viasat to roll out global direct-to-device services. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- More of the same: <\/strong>Temperatures are set to peak at 37\u00b0C in Dubai today, with a low of 30\u00b0C, according to our favorite weather app. Meanwhile, in Abu Dhabi, the mercury peaks at 39\u00b0C, with a low of 29\u00b0C. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- EIB lines<\/strong><strong> up green sukuk: <\/strong>Emirates Islamic Bank tapped banks to arrange investor calls ahead of a planned USD-denominated, five-year benchmark sustainability-linked sukuk, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/islamic-economy\/uaes-emirates-islamic-bank-mandates-usd-5-year-sustainability-linked-sukuk-tulogk4t\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The Reg S-compliant senior unsecured paper \u2014 with a Wakala\/Murabaha structure \u2014 falls under the lender\u2019s USD 4 bn certificate program. The notes will be listed on Nasdaq Dubai and Euronext. The bank has a credit rating of A+ with a stable outlook from Fitch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The lender \u2014 which just <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/959ca384-b6d4-4cfe-91ee-5b54e3a2d262\/eib-delists-from-dfm\" style=\"\" rel=\"noopener\">recently was delisted from the DFM<\/a> \u2014 last issued debt in March, raising <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e5e671b8-0b12-4d32-9003-db0a1a5dac96\/eib-closes-usd-750-mn-sukuk-issuance\" style=\"\" rel=\"noopener\">USD 750 mn<\/a>. The five-year Reg S sukuk offering, also issued under its USD 4 bn program, was 2.1x oversubscribed. The notes, listed on Nasdaq Dubai and Euronext, were priced at 5.059% coupon, 95 bps over Treasuries, after tightening by 30 bps from initial price thoughts on strong demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Our friends at <strong>Mashreq<\/strong> are joint leads and bookrunners alongside<strong> Bank ABC<\/strong>, <strong>Citi<\/strong>, <strong>Dubai Islamic Bank<\/strong>, <strong>Emirates NBD Capital<\/strong>, and <strong>Standard <\/strong><strong>Chartered<\/strong>. <strong>Emirates NBD<\/strong> <strong>Capital<\/strong> and <strong>Standard Chartered<\/strong> are also acting as joint sustainability structurers.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>Emirates <\/strong><strong>becomes Real Madrid\u2019s official basketball sponsor:<\/strong> Emirates Airlines and Spanish basketball club Real Madrid inked a multi-year partnership making Emirates the official sponsor of the club\u2019s men\u2019s and women\u2019s teams, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/september\/15-09\/emirates-tips-off-as-the-official-main-sponsor-of-real-madrid-basketball\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The team\u2019s jerseys will feature Emirates\u2019 \u201cFly Better\u201d branding \u2014 matching those worn by the men and women\u2019s football teams, which Emirates also sponsors \u2014 which will also feature at various sporting events. The partnership marks the airline\u2019s entry into the European basketball arena.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The airline already sponsors<\/strong> <strong>several teams and tournaments: <\/strong>It became the US\u2019 NBA\u2019s first title partner of the NBA Cup, and earned the first-ever referee jersey patch partner of the NBA last year. It also sponsors <a target=\"_blank\" href=\"https:\/\/www.arsenal.com\/news\/arsenal-and-emirates-extend-partnership-2028#:~:text=Arsenal%20and%20Emirates%20are%20delighted,a%20minimum%20of%2022%20years.\" style=\"\" rel=\"noopener\">UK-based football club Arsenal<\/a> and Beirut\u2019s Basketball Club. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- Abu <\/strong><strong>Dhabi test drives autonomous delivery vehicles: <\/strong>Abu Dhabi Mobility, in collaboration with K2 and Emirates Post 7X\u2019s logistics arm EMX, has launched Abu Dhabi\u2019s first pilot program for autonomous delivery vehicles, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/transport\/under-the-supervision-of-smart-and-autonomous-systems-council-integrated-transport-centre-abu-dhabi-mobility-launches-emirates-1st-trial-operation-for-autonomous-delivery-vehicles\/\" style=\"\" rel=\"noopener\">statement<\/a>. The trial operations for the vehicles \u2014 developed by K2 subsidiary Autogo \u2014 were executed in Masdar City. The firm also issued the nation\u2019s first official license plate for a self-driving delivery vehicle \u2014 aligning with the emirate\u2019s goal to shift 25% of all trips to smart transport solutions by 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi is taking big steps towards autonomous driving: <\/strong>Abu Dhabi-based drone manufacturer Lodd Autonomous is set to launch <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c3696ab-832e-4ac4-a9a2-ad18cf721ccd\" style=\"\" rel=\"noopener\">unmanned aerial vehicle<\/a> parcel and cargo deliveries by 2H 2026 \u2014 with the first test flight scheduled in November. Abu Dhabi Mobility also recently expanded its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d8cf4483-3386-4068-b588-77a992b0351b\" style=\"\" rel=\"noopener\">autonomous taxi services<\/a> to include Al Reem and Al Maryah islands back in July. Autonomous taxis are already operational in Al Saadiyat and Yas islands, as well as routes to Zayed International Airport.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Lootah <\/strong><strong>Biofuels has begun supplying Sustainable Aviation Fuel (SAF) in the UAE market<\/strong>, and plans to unveil its three-phase roadmap for deployment at the upcoming Dubai Airshow later this year, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/energy\/dubais-lootah-biofuels-to-launch-sustainable-aviation-fuel-in-uae-market-1.500269847\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. The company completed engineering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/167d04c0-aec5-4659-bc95-ec809ebdade3\/masdar-finalizes-its-stake-acquisition-in-epge-solar\" style=\"\" rel=\"noopener\">studies<\/a> for a dedicated SAF production plant in the UAE, with plans to import SAF in the short term and transition to full local production over time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fuel is produced from used cooking oil and waste-derived fats<\/strong>, and can reduce greenhouse gas emissions by up to 80% compared to conventional jet fuel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not its only SAF venture: <\/strong>Lootah also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a4dc7677-8235-427d-a1b8-234fa688ee93\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Malaysian counterpart FatHopes Energy to study the feasibility of establishing a 200k sqm SAF feedstock aggregation storage terminal in Malaysia in 2023.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Majid Al Futtaim rebrands Carrefour in Bahrain: <\/strong>UAE retail conglomerate Majid Al Futtaim launched its own grocery chain \u2014 HyperMax \u2014 in Bahrain after it <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DOmE-7vDD6_\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\"\" rel=\"noopener\">shut down Carrefour operations<\/a> in the country on 14 September, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/majid-al-futtaim-launches-its-flagship-grocery-retail-brand-hypermax-in-bahrain-t14ujobx\" style=\"\" rel=\"noopener\">statement<\/a>. The new brand opens with six outlets and some 1.6k staff, and is partnering with over 250 local farmers and suppliers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rollout follows similar exits in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90387f2a-46a4-419b-aab4-2d3faa00f188\/this-morning:-emirates-nbd-reportedly-eyes-acquisition-of-egypt%25e2%2580%2599s-banque-du-caire-%2B-maf-shutters-carrefour-stores-in-oman\" style=\"\" rel=\"noopener\">Oman<\/a><\/strong><strong> earlier this year and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e79f6613-61d3-44f6-a8f9-c03f5aa97f55\/this-morning:-maf-shuts-down-carrefour-stores-in-jordan,-opens-up-new-retail-chain-%2B-dubai-is-getting-a-new-sewage-fee-structure\" style=\"\" rel=\"noopener\">Jordan<\/a><\/strong><strong> in late 2024<\/strong>, where Carrefour stores were rebranded as HyperMax amid pressure over the chain\u2019s perceived stance on the Gaza conflict. The conglomerate owned and operated Carrefour Bahrain, and still holds the rights to operate the brand in 12 markets across the Middle East, Africa, and Asia.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>Rakez<\/strong><strong> + India launch start-up initiative: <\/strong>Ras Al Khaimah Economic Zones (Rakez) and the UAE-India Cepa Council inked an MoU to launch the UAE-India Startup Series, helping Indian startups enter the Emirati market, according to a <a target=\"_blank\" href=\"https:\/\/rakez.com\/en\/media-centre\/news-detail\/articleid\/1624\/rakez-and-the-uae-india-cepa-council-announce-partnership-on-flagship-uae-india-start-up-series\" style=\"\" rel=\"noopener\">press release<\/a>. The initiative will select 20 startups to participate in an event in New Delhi. Of those, five will receive incubation support to help them enter the UAE market, with Rakez set to provide full backing via a comprehensive package to one of the five. So far, 10k Indian startups have applied to the initiative.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.abudhabichamber.ae\/en\/media-centre\/news\/Abu-Dhabi-Chamber-German-Companies-Membership-Climbs-2025\" style=\"\" rel=\"noopener\">Abu Dhabi Chamber of Commerce and Industry<\/a><\/strong><strong> is leading a delegation to Germ<\/strong><strong>any<\/strong>, with the roadshow kicking off yesterday and running through Thursday, 18 September, according to a <a target=\"_blank\" href=\"https:\/\/www.abudhabichamber.ae\/en\/media-centre\/news\/Abu-Dhabi-Chamber-German-Companies-Membership-Climbs-2025\" style=\"\" rel=\"noopener\">statement<\/a>. The visit focuses on strengthening economic ties, with agreements expected in renewable energy, technology, financial services, logistics, and SME development. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The delegation includes<\/strong> representatives from Abu Dhabi Investment Office, Hub71, Emirates Nuclear Energy Corporation, and private-sector firms, with family business cooperation also high on the agenda, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/article\/blpdmos-abu-dhabi-delegation-promote-trade-investment\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Ajman Department of Tourism Development\u2019s roadshow in In<\/strong><strong>dia kicked off yesterday<\/strong> and will run until Friday, 19 September with stops in New Delhi, Pune, and Kolkata, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/blpdmro-ajman-department-tourism-development-organise-new\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The initiative will showcase Ajman\u2019s tourism projects and attractions while deepening ties with Indian operators and industry partners. The roadshow aims to raise Ajman\u2019s international profile, grow visitors numbers, and attract new investment into the emirate\u2019s tourism sector through meetings, events, and potential agreements with Indian stakeholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The US Federal Reserve is kicking off its Federal Open Market Committee meeting <\/strong><strong>today<\/strong>, setting the stage for what\u2019s set to be the first rate cut in months tomorrow. Gulf central banks \u2014 including the Central Bank of the UAE \u2014 are expected to follow suit, given the peg to the USD. <strong>We have more on what to expect from this week\u2019s meeting, and from other central banks across the globe this week, in this morning\u2019s Planet Finance, below.<\/strong> <\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mohammed <\/strong><strong>Bin Rashid Space Center will host MBRSC Space Science Conne<\/strong><strong>ct on Wednesday and Thursday<\/strong> at the center\u2019s headquarters in Dubai, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/september\/15-09\/mbrsc-to-host-first-space-science-connect-event\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The two-day event will gather leading scientists and engineers with the goal of fostering space innovation, collaboration, and scientific research in the UAE space industry. <\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International headlines are locked on US President Donald Trump\u2019s visit to the UK this <\/strong><strong>week, where Washington and London are set to roll out over USD 10 bn in economic agreements<\/strong> covering science and technology, civil nuclear power, and defense tech. The package \u2014 which officials say will deepen financial and innovation ties \u2014 will be unveiled during an event with UK Prime Minister Keir Starmer and Chancellor Rachel Reeves. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/us-britain-announce-more-than-10-billion-deals-during-trump-visit-us-officials-2025-09-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-15\/trump-to-unveil-over-10-billion-in-economic-deals-on-uk-visit\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/09\/15\/politics\/uk-state-visit-trump\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c8rynvlm6zjo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/politics\/2025\/sep\/15\/donald-trump-uk-state-visit-keir-starmer-peter-mandelson\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-royals-kate-king-queen-windsor-13c95990ba11d464a216a0d2d29e7ad9\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/14\/world\/europe\/trump-uk-state-visit-security.html\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- Qatar\u2019s emir has urged Arab and Muslim leaders to take \u201cconcrete <\/strong><strong>steps\u201d against Israel after last week\u2019s missile strikes in Doha<\/strong> that targeted Hamas leadership, writes the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5ca22ad9-2a1e-4e33-8951-17c596aedb43\" style=\"\" rel=\"noopener\">Financial Times<\/a>. In his speech during yesterday\u2019s emergency Arab-Islamic summit, Sheikh Tamim bin Hamad Al Thani denounced the attack as \u201cblatant, treacherous and cowardly\u201d and accused Israel of waging a \u201cgenocidal war\u201d on Palestinians. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s take:<\/strong> A UAE delegation including Vice President Mansour bin Zayed Al Nahyan, Foreign Minister Abdullah bin Zayed Al Nahyan, and State Minister Shakhbout bin Nahyan Al Nahyan also attended the summit, publishing a strong-worded statement that called on the UN Security Council and the wider international community to take responsibility to \u201cdeter Israel and stop these barbaric aggressions,\u201d <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/blpz2jp-mansour-bin-zayed-participates-behalf-uae\" style=\"\" rel=\"noopener\">Wam<\/a> reported elsewhere. The UAE said the \u201caggression\u201d and \u201cblatant violation of international law,\u201d along with \u201crepeated threats of annexing Palestinian land and aggression against neighbouring states, undermines efforts to achieve lasting peace and regional stability.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel\u2019s Prime Minister Benjamin Netanyahu, meanwhile, did not exclude the possibility of further strikes<\/strong> supposedly targeting Hamas leaders, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-threatens-hamas-wherever-they-are-qatar-hosts-summit-2025-09-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN MARKET NEWS- Alphabet became the fourth US company to hit a market cap of <\/strong><strong>USD 3 tn yesterday<\/strong> after shares hit a record USD 252 on the back of investor optimism following the company\u2019s July results. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a18ce1c4-d610-4cdf-b853-2d8f43ff4be1\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/alphabet-enters-3-trillion-market-cap-club-big-techs-ai-momentum-builds-2025-09-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/09\/15\/alphabet-3-trillion-market-cap.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-15\/alphabet-joins-3-trillion-club-with-key-headwinds-seen-easing\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-today-dow-sp-500-nasdaq-09-15-2025\/card\/alphabet-stock-rallies-to-a-3-trillion-market-cap-0bupphQqJy8SDY7YA76d?gaa_at=eafs&amp;gaa_n=ASWzDAhkBwjHB6ty09bjlZzh8audTm9qbFVE3kblDhHQ7J8VWnvzf0cVRsgO&amp;gaa_ts=68c87763&amp;gaa_sig=FY0B33RJP0txoDR_E6ISLnRaCUaCVBCF4JAe5opTsXerjRVodtYLZJ1PoARU0J_cIazI470jV_tAY0pj_FxtaA%3D%3D\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING THIS MORNING-<\/strong> <strong>A wave of Gen Z revolutions is reshaping Asian politics<\/strong>, as youthful protesters from Nepal to Bangladesh and Indonesia mobilize social media platforms to topple entrenched leaders, demand transparency, and challenge corrupt elites. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/31ac1faf-9348-4ee1-a129-4be6f9dd002d\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. 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wp-post-image\" alt=\"\" data-attachment-id=\"107514\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/alec-holdings-set-to-become-dubais-first-corporate-ipo-this-year\/873-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/873.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"873.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/873.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/873.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107513\" class=\"content-area-description single-story post-107513 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-dfm tag-enterpriseam-uae tag-investment-corporation-of-dubai tag-ipo tag-ipo-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\/9\/.1b832a94-7224-4b3b-bec6-f1474b864e58.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alec p<\/strong><strong>ulls the trigger on Dubai\u2019s first corporate IPO of the year: <\/strong>Dubai-based engineering and construction group Alec Holdings is taking a 20% stake public on the DFM through a Reg S-compliant secondary offering of 1 bn shares, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/839.pdf\" style=\"\" rel=\"noopener\">ITF document (pdf)<\/a> and its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/854.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a>. Sovereign wealth fund Investment Corporation of Dubai (ICD) \u2014 the firm\u2019s sole owner and selling shareholder \u2014 will rake in the proceeds from the IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">IN CONTEXT- <\/strong><span style=\"background-color: transparent;\">The ICD was said to be preparing a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4d0b51bd-2112-439e-9961-4d250c1169be\/state-backed%253cmark%253e-alec%253c%2Fmark%253e-engineering-targets-usd-500-mn-ipo-in-mid-2025\" rel=\"noopener\">USD 500 mn<\/a><span style=\"background-color: transparent;\"> IPO for Alec as part of Dubai\u2019s 10-company privatization drive. Alec is set to become the seventh state-owned firm to list under the program, following names like <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a73ac530-debb-4dcc-a9b7-eaa8a4ab3b90\/first-ipo-of-the-year-was-165x-oversubscribed\" rel=\"noopener\">Parkin<\/a><span style=\"background-color: transparent;\">, <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6d10d6c-2025-4819-8531-8ad557ef6315\/dubai'\" rel=\"noopener\">Dewa, Dubai Taxi, Salik, Tecom, and Empower<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alec is the first to IPO following a quiet 1H<\/strong><strong>: <\/strong>We were expecting the second half of the year to bring more IPO activity, with several analysts saying companies are waiting until after the summer lull to kick off their listings. Developers including Binghatti and Arabian Construction, classifieds platform Dubizzle, and a Dubai Investments unit are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c3696ab-832e-4ac4-a9a2-ad18cf721ccd\/this-morning:-dubai-property-boom-fuels-expansion-for-emaar,-prompts-potential-binghatti-ipo\" style=\"\" rel=\"noopener\">also preparing floats<\/a>, as the emirate\u2019s IPO pipeline swells alongside its property boom. Dubai\u2019s first and only IPO this year was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7bfe94f9-7848-4718-96db-19d9ec622d88\/first%253cmark%253e-dubai%253c%2Fmark%253e-ipo-of-the-year-sets-upbeat-tone-on-first-trading-day\" style=\"\" rel=\"noopener\">Dubai Residential REIT\u2019s May listing<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who can buy in: <\/strong>Some 94% of the shares on offer will be limited to institutional investors, with 5% open to retail buyers. Emirates Investment Authority (EIA) and the Pensions Fund for Local Military Personnel have preferential rights to 10% of the offer shares (5% each) which will be carved out of the institutional tranche. The third tranche of the IPO (1%) will be reserved for ICD employees.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline: <\/strong>Subscriptions will be open from 23-30 September, with the final pricing set to be announced on Wednesday, 1 October. Final allocations will take place on Tuesday, 7 October, with Alec\u2019s shares due to start trading the following Wednesday 15 October under the ticker ALEC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A sweetener for investo<\/strong><strong>rs: <\/strong>Alec plans to pay AED 200 mn in dividends in April 2026, followed by AED 500 mn payable in October 2026 and April 2027. From 2027 onward, it is targeting a minimum 50% payout of net income on a semi-annual basis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A glimpse into the company: <\/strong>Founded in 1999 and owned by ICD since 2017, Alec is one of Dubai\u2019s largest contractors, with operations spanning construction, fit-out, and MEP services. Its project portfolio includes Expo 2020 pavilions, Dubai Hills Mall, along with other high-profile infrastructure and real estate developments across the UAE and wider region. The group\u2019s bottomline grew 84.5% y-o-y to AED 239 mn in 1H 2025, while its top line rose 56% to AED 5.4 bn over the same period, backed by an AED 35.4 bn backlog. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Our friends at <strong>EFG Hermes<\/strong> are acting as joint bookrunners on the transaction alongside <strong>Abu Dhabi Commercial Bank<\/strong>. They\u2019re joined by <strong>Emirates NBD Capital<\/strong> and <strong>JP Morgan<\/strong> as joint global coordinators and bookrunners, while <strong>Moelis<\/strong> is acting as independent financial adviser. <strong>Gibson, Dunn &amp; Crutcher<\/strong>, and <strong>Ibrahim &amp; Patterns<\/strong> are providing counsel. <strong>Emirates NBD <\/strong>is the lead receiving bank, alongside <strong>ADCB<\/strong>, <strong>ADIB<\/strong>, <strong>Al Maryah <\/strong><strong>Community Bank<\/strong>, <strong>Commercial Bank of Dubai<\/strong>, <strong>Dubai Islamic Bank<\/strong>, <strong>Emirates Islamic<\/strong>, <strong>First Abu Dhabi Bank<\/strong>, <strong>Mashreq<\/strong>, and <strong>Wio Bank<\/strong>.<\/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><\/p>\n<ul>\n<li><strong>Emirates Global Aluminium<\/strong> (EGA) could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da43f6f3-1231-45c1-800b-bbed1e375942\/%253cmark%253eega%253c%2Fmark%253e-to-revive-ipo%3F\" style=\"\" rel=\"noopener\">reviving plans<\/a> for a potential IPO that could rank among the region\u2019s largest; <\/li>\n<li>ADQ-backed <strong>Etihad Airways<\/strong> highly-anticipated IPO was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/695e2b55-e32c-477c-b179-a8faf913cae0\/this-morning:%253cmark%253e-etihad%253c%2Fmark%253e-to-push-back-its-ipo-to-after-eid-al-fitr-%2B-real-gdp-grew-3.8%2525-in-9m-2024\" style=\"\" rel=\"noopener\">expected to kick off<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/695e2b55-e32c-477c-b179-a8faf913cae0\/this-morning:%253cmark%253e-etihad%253c%2Fmark%253e-to-push-back-its-ipo-to-after-eid-al-fitr-%2B-real-gdp-grew-3.8%2525-in-9m-2024\" style=\"\" rel=\"noopener\">after Eid Al Fitr<\/a> but could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca682210-f8e1-43f9-8975-2fe56c765b52\/could-etihad-airways%25e2%2580%2599-highly-anticipated%253cmark%253e-ipo%253c%2Fmark%253e-be-pushed-again-to-2026%3F\" style=\"\" rel=\"noopener\">delayed to 2026<\/a> ;<\/li>\n<li>Abu Dhabi conglomerate International Holding Company\u2019s investment arm <strong>2PointZero<\/strong> is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">gearing up<\/a> for an IPO on the ADX;<\/li>\n<li><strong>Dubai Holding<\/strong> <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\">plans to float<\/a> two of its property portfolio units, and Sharjah-born <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc741173-9729-4807-b663-f5a8574f18e0\/this-morning:%253cmark%253e-arada%253c%2Fmark%253e-could-look-to-ipo-in-three-years-%2B-real-estate-prices-dipped-for-the-first-time-since-2022-in-january\" style=\"\" rel=\"noopener\">Arada<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc741173-9729-4807-b663-f5a8574f18e0\/this-morning:%253cmark%253e-arada%253c%2Fmark%253e-could-look-to-ipo-in-three-years-%2B-real-estate-prices-dipped-for-the-first-time-since-2022-in-january\" style=\"\" rel=\"noopener\">is also eyeing an IPO<\/a> in three years\u2019 time;<\/li>\n<li><strong>Abu Dhabi Investment Group<\/strong> (ADIG) is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">eyeing listings<\/a> for its financial unit and energy subsidiary this year;<\/li>\n<li>Hospitality group <strong>Five Holdings<\/strong> also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">tapped<\/a> advisors for a potential listing;<\/li>\n<li><strong>Amanat Holdings<\/strong> is planning to list its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e11209cb-2436-465a-8a18-8f9e15410aac\/%253cmark%253eamanat%253c%2Fmark%253e-holdings-to-discuss-potential-ipo-of-education-unit-today\" style=\"\" rel=\"noopener\">education<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare<\/a> units;<\/li>\n<li>Shisha producer <strong>Advanced Inhalation Ritual<\/strong> is also rumored to potentially IPO.<\/li>\n<\/ul>\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\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-corporation-of-dubai\/\">Investment Corporation of Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO 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=\"107515\" 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=\"107515\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/mubadala-wraps-aed-3-2-bn-du-follow-on-offering\/\">\r\n                            Mubadala wraps AED 3.2 bn du follow-on offering                        <\/a>\r\n            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data-image-title=\"1593.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107515\" class=\"content-area-description single-story post-107515 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-dfm tag-du tag-enterpriseam-uae 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\/9\/.87ad27e0-c568-40c7-bf19-7e8c6ff3f138.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Du\u2019s <\/strong><strong>newly placed secondary shares are due to hit the DFM at <\/strong><strong>the opening bell today<\/strong>, after Mubadala subsidiary Mamoura wrapped an AED 3.15 bn selldown priced at AED 9.20 apiece, according to a bourse <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/833.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 offering, which <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3b59943a-92f0-445a-ab26-4c52b6199924\/%253cmark%253edu%253c%2Fmark%253e-kicks-off-follow-on-offering-as-mubadala%25e2%2580%2599s-mamoura-cuts-stake\" style=\"\" rel=\"noopener\">kicked off last week<\/a><\/strong><strong>, was priced at the lower end of the <\/strong><strong>AED 9-9.9 range du was guiding on despite closing \u201cmultiple times oversubscribed\u201d<\/strong> with strong demand across retail, institutional and international investors. The final offer price implies a market cap of AED 41.7 bn at listing, according to our calculations. It\u2019s also a 6.1% discount to its close on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REFRESHER- <\/strong><span style=\"background-color: transparent;\">The sale saw Mubadala\u2019s debt issuing arm and du\u2019s only selling shareholder Mamoura float an additional 342.1 mn shares \u2014 good for a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3b59943a-92f0-445a-ab26-4c52b6199924\/%253cmark%253edu%253c%2Fmark%253e-kicks-off-follow-on-offering-as-mubadala%25e2%2580%2599s-mamoura-cuts-stake\" rel=\"noopener\">7.6% stake<\/a><span style=\"background-color: transparent;\"> \u2014 in the Dubai-based telco, around six months after news of Mubadala\u2019s plans to pare down its stake in the company first surfaced. Before the transaction, Mubadala held a 10% interest in du via Mamoura.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move brings du\u2019s <\/strong><strong>freefloat<\/strong><strong> to 27.7%<\/strong>, paving the way for future MSCI and FTSE inclusion \u2014 potentially boosting liquidity and broadening the company\u2019s international investor base. Du will not receive any proceeds from the sale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the first fully-marketed secondary share offer in the UAE<\/strong>, according to the release. The roadshow-style transaction was marketed to both retail and institutional investors at home and abroad. Secondary sell-downs in the region are typically handled via accelerated bookbuilds targeted overnight to institutional buyers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati firms raised almost <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/216b5d69-85e7-4c4f-9ebf-c88ac0004e44\/%253cmark%253esecondary%253c%2Fmark%253e-share-sales-eclipse-ipo-proceeds-%2B-near-triple-2024-volumes\" style=\"\" rel=\"noopener\">USD 4.75 bn<\/a><\/strong><strong> from follow-on offerings so far this year<\/strong>, nearly tripling 2024 volumes and far outpacing IPO proceeds of just USD 905 mn. State-linked players are leading the charge as they seek to broaden their holdings\u2019 investor bases, secure global index inclusion, and draw in global capital. September alone has seen a flurry of activity: Mubadala\u2019s du selldown follows <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c1980dcb-7125-4b34-9e22-28e7dedc43e9\/%253cmark%253eadnoc%253c%2Fmark%253e-raises-aed-1.2-bn-from-oversubscribed%253cmark%253eadnoc%253c%2Fmark%253e-l&amp;s-share-sale\" style=\"\" rel=\"noopener\">Adnoc\u2019s<\/a> secondary sales of stakes in its gas and logistics units earlier this year, and comes as AI firm G42 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0d7fae94-afa1-4171-b53b-ed320137a222\/g42-to-sell-2%2525-of%253cmark%253e-presight%253c%2Fmark%253e-ai-in-secondary-sale\" style=\"\" rel=\"noopener\">prepares an accelerated sale of about 2% of Presight AI<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> First Abu Dhabi Bank, Emirates NBD Capital, Goldman Sachs, and Abu Dhabi Commercial Bank are acting as joint lead managers, with Linklaters, Clifford Chance, White and Case, and Al Tamimi and Co providing counsel. Emirates NBD is the lead receiving bank, with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Al Maryah Bank Community Bank, Dubai Islamic Bank, Emirates Islamic Bank, FAB, and Wio Bank also acting as receiving banks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>Du\u2019s shares were up 0.1%, trading at AED 9.81 per share at market close yesterday.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/du\/\">du<\/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=\"107517 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=\"107517\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/107517-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107517\" class=\"content-area-description single-story post-107517 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"107518\" 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=\"107518\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/\">\r\n                            Al Futtaim is now a minority shareholder in KSA\u2019s Cenomi Retail                        <\/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\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/\" 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\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/')\">\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\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/\">\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=Al Futtaim closes Cenomi Retail stake acquisition&url=https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/\">\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\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/&title=Al Futtaim closes Cenomi Retail stake acquisition\">\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=Al+Futtaim+closes+Cenomi+Retail+stake+acquisition+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F09%2F16%2Fal-futtaim-closes-cenomi-retail-stake-acquisition%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\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/871.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"107519\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/al-futtaim-closes-cenomi-retail-stake-acquisition\/871-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/871.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"871.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/871.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/871.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107518\" class=\"content-area-description single-story post-107518 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-al-futtaim tag-emirates-nbd tag-enterpriseam-uae tag-ma-watch tag-retail tag-saudi-arabia 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\/9\/.e729b933-830c-40ab-bd31-55fb26f67bba.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Al Futtaim closes acquisition of minority stake in Cenomi\u2026: <\/strong>Al Futtaim Group acquired a 49.95% stake in Cenomi Retail for SAR 2.5 bn (c. USD 667 mn), marking one of the largest foreign investments in a Saudi-listed retail company, according to a <a target=\"_blank\" href=\"https:\/\/www.alfuttaim.com\/articles\/cenomi-retail-welcomes-al-futtaim-as-a-strategic-shareholder-unlocking-a-new-phase-of-growth\/\" style=\"\" rel=\"noopener\">press release<\/a> and <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=90178&amp;anCat=1&amp;cs=4240&amp;locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a>. The transaction was executed through a share purchase transaction from Cenomi\u2019s major shareholders at SAR 44 per share, with Al Futtaim subject to a six-month lock-up period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">\u2026and provides SAR 1.4 bn loan: <\/strong><span style=\"background-color: transparent;\">Alongside the equity purchase, Al Futtaim has agreed to provide SAR 1.35 bn in shareholder loans, which can be converted into equity subject to shareholder and regulatory approvals. The facility will bolster Cenomi\u2019s balance sheet and give it additional flexibility for expansion. The firm has struggled with losses that resulted in a negative shareholder equity of SAR 991 mn in 1Q 2025, as well as SAR 5.4 bn in liabilities.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Saudi Arabia\u2019s General Authority for Competition cleared Al Futtaim\u2019s acquisition of the minority stake Cenomi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74a0a797-94cc-4ab3-a505-3c45f218f3be\/this-morning:-mubadala-invests-in-lg-chem%25e2%2580%2599s-water-treatment-unit%3F-%2B-pmi-out-today\" style=\"\" rel=\"noopener\">last month<\/a>, after the two had entered into a share purchase agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae900457-d058-40dc-9e60-4cfa6b895d96\/uae%25e2%2580%2599s-al-%253cmark%253efuttaim%253c%2Fmark%253e-takes-big-stake-in-cenomi-retail\" style=\"\" rel=\"noopener\">in July<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also involved: <\/strong>Emirates NBD Saudi Arabia is extending <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/84929432-0cf4-4143-b34d-782fc455682a\/emirates-nbd-ksa-to-hand%253cmark%253e-cenomi%253c%2Fmark%253e-retail-a-sar-1.6-bn-loan\" style=\"\" rel=\"noopener\">an SAR 1.6 bn credit f<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/84929432-0cf4-4143-b34d-782fc455682a\/emirates-nbd-ksa-to-hand%253cmark%253e-cenomi%253c%2Fmark%253e-retail-a-sar-1.6-bn-loan\" style=\"\" rel=\"noopener\">acility to Cenomi Retail<\/a> to prepay and settle existing bank debts. The loan is conditional on the completion of Al Futtaim\u2019s acquisition. The facility includes a 90-day short-term loan, to be refinanced into a three-year term loan with a possible two-year extension.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-futtaim\/\">Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/retail\/\">retail<\/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=\"107520\" 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=\"107520\">\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\">TELECOMS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/space42-viasat-form-d2d-venture\/\">\r\n                            Space42, US-based Viasat launch Equatys JV to roll out global direct-to-device services                        <\/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\/09\/16\/space42-viasat-form-d2d-venture\/\" 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\/09\/16\/space42-viasat-form-d2d-venture\/')\">\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\/09\/16\/space42-viasat-form-d2d-venture\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Space42 + Viasat form D2D venture&url=https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/space42-viasat-form-d2d-venture\/\">\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\/09\/16\/space42-viasat-form-d2d-venture\/&title=Space42 + Viasat form D2D venture\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Space42+%2B+Viasat+form+D2D+venture+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F09%2F16%2Fspace42-viasat-form-d2d-venture%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\/09\/16\/space42-viasat-form-d2d-venture\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1615.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"107521\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/space42-viasat-form-d2d-venture\/1615-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1615.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1615.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1615.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1615.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107520\" class=\"content-area-description single-story post-107520 post type-post status-publish format-standard has-post-thumbnail hentry category-telecoms tag-enterpriseam-uae tag-space tag-space42 tag-telecoms 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\/9\/.e80f652e-338d-4967-b7b7-90e5024717f0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Space42, Viasat to launch global D2D venture: <\/strong>ADX-listed space tech firm Space42 and US satellite operator Viasat will launch a joint venture \u2014 Equatys \u2014 to roll out global direct-to-device (D2D) mobile services, the firms said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/817.pdf\" style=\"\" rel=\"noopener\">joint statement (pdf)<\/a>. The project aims to link satellite and terrestrial networks for standard smartphones and IoT devices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Background: <\/strong><span style=\"background-color: transparent;\">The move builds on an <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/faa675f4-7b33-4585-abfe-fae6c0fb7895\/arabian-construction-secures-aed-2-bn-contract-for-design-quarter-development-from-meraas\" rel=\"noopener\">MoU<\/a><span style=\"background-color: transparent;\"> the two companies signed in March to explore 5G D2D satellite services \u2014 laying the technical and commercial groundwork for open, standards-based infrastructure.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The model:<\/strong> Equatys will operate as a neutral \u201cspace tower\u201d company, running shared multi-orbit satellite and ground systems under a 3GPP non-terrestrial-network release-compliant platform. The design is expected to handle more than 100 MHz of harmonized spectrum \u2014 meaning their frequencies are able to roam across different countries and regions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the <\/strong><strong>benefit<\/strong><strong>? <\/strong>Operators will be able to share infrastructure instead of building competing systems or making sizable individual investments, while governments will retain sovereign deployment options. Windows to snap up equity offerings in the project are set to come once it begins scaling up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local angle: <\/strong>The venture also leaves scope for regional space industries to participate in hardware manufacturing and technology development. The model is pitched as a way to cut capital costs, reduce duplication, and improve spectrum use.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>Commercial rollout is targeted within three years, with spectrum already allocated in more than 160 markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Space42 has been broadening its portfolio:<\/strong> <\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/adee39c0-5df9-44a6-9b80-96a3aae181ed\/space42,-microsoft,-esri-partner-to%253cmark%253e-map-africa%253c%2Fmark%253e-using-ai\" style=\"\" rel=\"noopener\">In July<\/a>, it launched its <strong>Map Africa initiative<\/strong> with Microsoft and Esri to chart all 54 African countries, and is now <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e25e6ab-bdf2-4986-9b43-3896eaba1717\/this-morning:-santos-extends-exclusivity-period-and-due-diligence-for-xrg-led-consortium-%2B-uae-president-in-angola-on-a-working-visit\" style=\"\" rel=\"noopener\">in talks<\/a> with the African Union Development Agency and financial firms to raise funding;<\/li>\n<li>Closer to home, it partnered with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5c94107c-9b89-4e15-9ce7-145e4db504a5\/make-it-in-the-emirates-forum-yields-satellite-manufacturing-%2B-raw-material-supply-agreements\" style=\"\" rel=\"noopener\">Abu Dhabi Investment Office<\/a> to set up <strong>Space42 Space Systems<\/strong>, a facility to design and test SAR satellites;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5333b5b4-90fa-4b73-a9bd-9156076c1875\/space42,-edge%25e2%2580%2599s-fada-to-build-uae%25e2%2580%2599s-first-sovereign-eo-hub\" style=\"\" rel=\"noopener\">In February<\/a>, it signed an MoU with Edge\u2019s Fada to build the UAE\u2019s <strong>first sovereign EO ecosystem<\/strong>. Partial satellite manufacturing is slated to begin in the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/630bfc13-16b1-48ff-b562-99af112e1f8e\/this-morning:%253cmark%253e-emirates-nbd%253c%2Fmark%253e-is-prepping-an-at1-issuance-%2B-flydubai,-etihad-airways-eye-aircraft-acquisitions\" style=\"\" rel=\"noopener\">this year<\/a>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus, more D2D connectivity: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ea18965-d860-458f-85dd-366fb8595e85\/new-cross-border-securities-link-for-nasdaq-dubai-and-astana-international-exchange\" style=\"\" rel=\"noopener\">In May<\/a>, Space42\u2019s Thuraya unit and Denmark\u2019s Gatehouse Satcom completed pilot tests for Thuraya Direct, a D2D messaging and IoT service using standard smartphones. A commercial rollout is slated for 4Q 2025, with operator talks underway.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space\/\">space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space42\/\">Space42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/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=\"107522\" 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=\"107522\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-2025\/\">\r\n                            Sharjah records USD 1.5 bn in FDI 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 href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-2025\/')\">\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\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-2025\/\">\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=Sharjah sees FDI jump more than 300% in 1H 2025&url=https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-2025\/\">\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\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-2025\/&title=Sharjah sees FDI jump more than 300% in 1H 2025\">\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=Sharjah+sees+FDI+jump+more+than+300%25+in+1H+2025+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F09%2F16%2Fsharjah-sees-fdi-jump-more-than-300-in-1h-2025%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\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2504.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"107523\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/sharjah-sees-fdi-jump-more-than-300-in-1h-2025\/2504-jpg-27\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2504.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2504.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2504.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2504.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107522\" class=\"content-area-description single-story post-107522 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-fdi tag-investment tag-investment-watch tag-sharjah 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\/9\/.071ebbfd-c4e9-4ad2-9598-dd70815c42f1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sharjah a<\/strong><strong>ttracted USD 1.5 bn in foreign direct investment (FDI) in 1<\/strong><strong>H 2025<\/strong>, a 361% y-o-y surge in value, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/sharjah-records-361-growth-in-capital-investment-and-57-increase-in-project-count-attracting-15bln-in-h1-2025-xsnh83aa\" style=\"\" rel=\"noopener\">press release<\/a>, citing an announcement by the <a target=\"_blank\" href=\"https:\/\/www.investinsharjah.ae\/en\/\" style=\"\" rel=\"noopener\">Sharjah FDI Office<\/a>. The emirate also recorded a 57.4% y-o-y increase in greenfield FDI projects to 74, generating 2.6k jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">This makes Sharjah the second biggest emirate in terms of FDI proceeds in 1H <\/strong><strong style=\"background-color: transparent;\">2025: <\/strong><span style=\"background-color: transparent;\">Dubai was <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5b68c321-a001-4be0-ade6-d1a98638ce62\/the-uae-secured-usd-5.4-bn-in-greenfield-fdi-in-1h-2025\" rel=\"noopener\">the top emirate for FDI<\/a><span style=\"background-color: transparent;\"> during the period, raking in USD 3 bn in capital out of the USD 5.4 bn the UAE netted. Meanwhile, Abu Dhabi raked in USD 595.8 mn across 42 projects, while Ras Al Khaimah brought in USD 188.6 mn from six projects.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top-performing sectors: <\/strong>Consumer products topped the list of fastest-growing sectors, with the number of projects up 53% and investment value increasing 188%. Commercial services recorded the sharpest gains, with investment activity rising 500% and employment surging 1.1k%. Food and beverages recorded 112% growth in projects and 25% in jobs, while industrial equipment posted a 45% increase in capital spending and doubled its project count.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong>The emirate attracted several sizable investments during 1H 2025.<\/strong> These projects include an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1892854d-5d0e-4456-a225-6d97f3e8e37a\/dubai-based-teammates.ai-launches-new-ai-agents-to-handle-entire-job-functions\" style=\"\" rel=\"noopener\">AED 3.5 bn<\/a> residential development by Kuwait Real Estate Company, a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/18112a10-e015-41a5-a005-6e8b4a5ff22f\/hubpay-and-aquanow-roll-out-uae'\" style=\"\" rel=\"noopener\">USD 346.6 mn<\/a> polyethylene film recycling facility by Italy\u2019s Greentheseis, a storage and distribution center by India\u2019s <a target=\"_blank\" href=\"https:\/\/www.gxpresss.com\/\" style=\"\" rel=\"noopener\">Gxpress<\/a>, and a gold jewelry manufacturing and retail unit by India\u2019s <a target=\"_blank\" href=\"https:\/\/vinsmera.com\/\" style=\"\" rel=\"noopener\">Vinsmera<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/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=\"107524 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=\"107524\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/107524-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107524\" class=\"content-area-description single-story post-107524 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\/9\/698.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"107525\" 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=\"107525\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/al-tamimi-hires-two-new-partners-and-adnoc-ls-tap-interim-cfo\/\">\r\n                            Al Tamimi hires two new partners and Adnoc L&amp;S tap interim CFO                        <\/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\/09\/16\/al-tamimi-hires-two-new-partners-and-adnoc-ls-tap-interim-cfo\/\" 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\/09\/16\/al-tamimi-hires-two-new-partners-and-adnoc-ls-tap-interim-cfo\/')\">\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\/09\/16\/al-tamimi-hires-two-new-partners-and-adnoc-ls-tap-interim-cfo\/\">\n                    Facebook                    <!-- <img 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              <!-- <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=Al+Tamimi+hires+two+new+partners+and+Adnoc+L%26%23038%3BS+tap+interim+CFO+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F09%2F16%2Fal-tamimi-hires-two-new-partners-and-adnoc-ls-tap-interim-cfo%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\/09\/16\/al-tamimi-hires-two-new-partners-and-adnoc-ls-tap-interim-cfo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/875.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"107526\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/al-tamimi-hires-two-new-partners-and-adnoc-ls-tap-interim-cfo\/875-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/875.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"875.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/875.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/875.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107525\" class=\"content-area-description single-story post-107525 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-adnoc tag-adnoc-logistics-and-services tag-enterpriseam-uae tag-law tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.ec5f2cd4-e6fb-4ac8-9d96-fafcd482941a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al <\/strong><strong>Tamimi <\/strong><strong>and Co. taps two new partners:<\/strong> Law firm Al Tamimi and Co. named two new partners, Anton Konnov (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/anton-konnov-8450312b0\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Igor Gorchakov (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/igor-gorchakov-mciarb-b70000253\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) \u2014 along with two associates \u2014 in line with its current strategic focus on banking, transactional M&amp;A, and contentious offerings, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/828.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The new partners have multi-jurisdictional expertise<\/strong><span style=\"background-color: transparent;\">, with Konnov bringing extensive experience in cross-border M&amp;A transactions, corporate law, and regulatory advisory. He previously served as managing partner at A&amp;O Shearman\u2019s Moscow office. Gorchakov, a dual-qualified disputes expert with rights of audience before DIFC courts, has years of experience in international arbitration, cross-border litigation, and financial regulatory compliance.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new hires follow a series of appointments over the past year<\/strong>, including new partners in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f28e82e2-63d8-41f3-93b8-dc721ab9652c\/al%253cmark%253e-tamimi%253c%2Fmark%253e-taps-new-partner-for-casablanca-office-%2B-cfi-appoints-new-marketing-lead\" style=\"\" rel=\"noopener\">Casablanca<\/a> and for its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3a364af0-15a1-4f42-91b9-ee178ea8eacc\/alpha-dhabi-holding-taps-new-cfo,-al%253cmark%253e-tamimi%253c%2Fmark%253e-welcomes-new-partner\" style=\"\" rel=\"noopener\">tax practice<\/a>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aus<\/strong><strong>tralia\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.futurefund.gov.au\/\" style=\"\" rel=\"noopener\">Future Fund<\/a><\/strong><strong> Chief Investment Officer Ben Samild (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ben-samild-a6102b12\/?originalSubdomain=au\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) resig<\/strong><strong>ned <\/strong><strong>to join the Abu Dhabi Investment Council (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adic.ae\/en\/\" style=\"\" rel=\"noopener\">ADIC<\/a><\/strong><strong>)<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-15\/australia-s-future-fund-cio-samild-resigns-for-middle-east-role\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported, citing a source familiar with the matter. Samild is set to join as chief strategist, the sources said. Samild joined the Future Fund in 2013 and became CIO of the AUD 252 bn sovereign wealth fund in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About ADIC:<\/strong> Founded in 2007 and fully owned by Mubadala Investment Company, ADIC follows an endowment-style model with 39% of assets in public markets and 61% in private markets, according to its <a target=\"_blank\" href=\"https:\/\/www.adic.ae\/en\/about-us\/\" style=\"\" rel=\"noopener\">website<\/a>. Its portfolio comprises 53% allocations to North America, 19% to Europe, and 28% to the rest of the world.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc <\/strong><strong>L&amp;S appoints new interim CFO:<\/strong> ADX-listed Adnoc Logistics and Services tapped Rahoof Khaleel Rahman (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rahoofrahmancfo\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as interim chief financial officer (CFO), following the resignation of former CFO Nicholas Gleeson (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/nickgleeson\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), which will be effective as of 30 September, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/846.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The disclosure cited personal commitments as the reason for the departure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rahman has been with Adnoc L&amp;S for over 12 years<\/strong>, mostly recently serving as its vice president for finance. He has led M&amp;A transactions totaling USD 2.5 bn and held senior leadership positions globally, including at KPMG, Ernst and Young, and BP.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics-and-services\/\">Adnoc Logistics and Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"107527\" 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=\"107527\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/\">\r\n                            ESG\u2019s new real estate arm launches part two of AED 1.6 bn project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=ESG\u2019s new real estate arm launches part two of AED 1.6 bn project&url=https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/&title=ESG\u2019s new real estate arm launches part two of AED 1.6 bn project\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ESG%E2%80%99s+new+real+estate+arm+launches+part+two+of+AED+1.6+bn+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F09%2F16%2Fesgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/316.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"107528\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/esgs-new-real-estate-arm-launches-part-two-of-aed-1-6-bn-project\/316-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/316.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"316.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/316.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/316.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107527\" class=\"content-area-description single-story post-107527 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adnoc tag-adnoc-logistics-and-services tag-also-on-our-radar tag-emirates-stallions-group tag-enterpriseam-uae tag-logistics 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\/9\/.99890a90-24bb-4000-bccf-7a92ee421df7.mp3\"><\/audio><\/figure><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>ESG\u2019s Royal Development Holding rolls out p<\/strong><strong>hase<\/strong><strong> two of AED 1.6 bn project<\/strong><strong>: <\/strong>Emirates Stallions Group\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4bbce50-c0df-4726-bc78-e62c883d734e\/ihc%25e2%2580%2599s-emirates-stallions-group-consolidates-real-estate-arm-under-new-holding-company\" style=\"\" rel=\"noopener\">newly-launched<\/a> development firm Royal Development Holding is launching the second phase of its AED 1.6 bn residential project in Al Reem Island in partnership with Emirati developer Saas Properties, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/814.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Phase one of the Seamont Autograph Collection Residences was launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fe657bc9-b2bd-4a23-8bae-b8a52b62c7f1\/a-new-pipe-manufacturing-facility-for-abu-dhabi-from-india%25e2%2580%2599s-jindal-saw\" style=\"\" rel=\"noopener\">back in June<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">About phase two:<\/strong><span style=\"background-color: transparent;\"> The waterfront project\u2019s second phase will include waterfront units, including one- to three-bedroom apartments, duplexes, penthouses, and four-bedroom townhouses. Overall, the project will deliver a total 497 units and completion is slated for 4Q 2028. Its first phase sold out completely in July, <\/span><a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/royal-development-saas-properties-sell-out-phase-1-of-major-branded-residence-project\" rel=\"noopener\">Khaleej Times<\/a><span style=\"background-color: transparent;\"> reported at the time.<\/span><\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>dnoc <\/strong><strong>integrates AI into petroleum port operations: <\/strong>Adnoc Logistics and Services is rolling out an AI-powered smart port solution across its petroleum ports in the UAE in a bid to enhance operational efficiency, state news agency <a target=\"_blank\" href=\"http:\/\/wam.ae\/en\/article\/15rspda-adnoc-ls-deploys-optimise-uae-petroleum-ports\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The firm has reportedly rolled out the system at five of its key petroleum ports \u2014 Das, Zirku, Mubaraz, Ruwais, and Jebel Dhana.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>Developed by port management information system Innovez One, the solution features real-time marine tracking, streamlines resource allocation, reduces vessel turnaround time from three hours to 45 seconds, and increases jetty utilization by 20%. The solution is also expected to save around AED 3.5 mn in operational costs by 2028. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics-and-services\/\">Adnoc Logistics and Services<\/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\/emirates-stallions-group\/\">Emirates Stallions Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"107529\" 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=\"107529\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/16\/fed-to-deliver-first-cut-of-2025-as-global-central-banks-line-up-policy-moves\/\">\r\n                            Fed to deliver first cut of 2025 as global central banks line up policy moves                        <\/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\/09\/16\/fed-to-deliver-first-cut-of-2025-as-global-central-banks-line-up-policy-moves\/\" 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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A bigger 50 bps cut could be on the table as well amid signs that US job growth is slowing, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-09-15\/fed-pushback-on-easing-outlook-would-upend-bullish-bets?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Futures also price further reductions in October and December, and deeper into 2026, as softening consumption and weaker job growth offset concerns about tariff-driven inflation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Treasuries have dipped to their lowest in months ahead of the meeting<\/strong><span style=\"background-color: transparent;\">, <\/span><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/09\/15\/treasury-yields-muted-ahead-of-federal-reserves-interest-rate-decision-this-week.html\" rel=\"noopener\">CNBC<\/a><span style=\"background-color: transparent;\"> reports, with the 10-year yield at 4.06%, the 2-year at 3.55%, and the 30-year at 4.68%.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Everyone\u2019s focus will now shift on the pace of cuts moving forward. <\/strong>Retail sales data due today and jobless claims on Thursday will help shape expectations for the pace of easing, especially as inflation still remains above the Fed\u2019s target. The Fed\u2019s dovish tone, coupled with US President Donald Trump\u2019s pressure on the Fed to cut rates and the last-minute <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/09\/15\/trump-stephen-miran-federal-reserve-interest-rates.html\" style=\"\" rel=\"noopener\">appointment of Trump adviser Stephen Miran as Fed governor<\/a> in time for this week\u2019s meeting, all support the case for a steady string of cuts in the near term. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Data-driven, but largely political: <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-13\/global-36-hour-interest-rate-spree-heralds-first-us-cut-of-2025\" style=\"\" rel=\"noopener\">Bloomberg<\/a> economists frame the move as primarily political, despite the hard data making a case for it in line with the Fed\u2019s mandate, saying, \u201cthe markets expect a rate cut, the White House wants it \u2014 and we think Powell is doing what he sees as needed to fend off further threats to the Fed\u2019s independence.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategists warn the cut may cool risk appetite.<\/strong> The S&amp;P 500 is up 12% this year on Big Tech and AI momentum, but Morgan Stanley and JPMorgan see scope for profit-taking, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-15\/wall-street-strategists-see-stock-rally-stalling-on-fed-rate-cut?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports separately. \u201cNear-term risk is centered on the tension between lagging, weak labor data, and the Fed\u2019s response that may not meet the markets\u2019 \u2018need for speed\u2019,\u201d said Morgan Stanley\u2019s Michael Wilson.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Others remain upbeat: <\/strong>Deutsche Bank and Barclays have raised their year-end S&amp;P targets on the back of tech momentum and strong corporate earnings, while Oppenheimer\u2019s John Stoltzfus expects any dip after the cut to be shallow if US fundamentals hold.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Fed decision also kicks off a 36-hour run of central bank moves covering <\/strong><strong>two-fifths of global GDP:<\/strong><\/p>\n<ul>\n<li><strong>The Bank of Canada is expected to cut its policy rate by 25 bps to 2.5%<\/strong> after economic contraction in 2Q and weak jobs figures;<\/li>\n<li><strong>The Bank of England will likely hold steady at 4%<\/strong> following its August cut, though officials are expected to slow quantitative tightening;<\/li>\n<li><strong>Norway faces a close call<\/strong> between holding or cutting again, with inflation staying above 3% and making the case for postponing a cut;<\/li>\n<li><strong>The Bank of Japan is set to leave rates unchanged <\/strong>but looks likely to maintain a tightening bias as inflation remains elevated. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewhere, others are holding steady.<\/strong> Brazil is expected to keep interest rates at 15%, while South Africa looks likely to keep its benchmark rate at 7% as inflation ticks higher and forecasts put Bank Indonesia as holding steady at 5% amid political uncertainty. Israel\u2019s inflation may fall below target for the first time in more than a year, potentially opening the door to cuts later this month.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are firmly in the green<\/strong> this morning amid signs that US-China talks in Spain are going well, with Japan\u2019s Nikkei and Topix both notching fresh highs. <strong>Wall Street futures <\/strong>are mostly flat on news of Miran\u2019s appointment as Fed governor, following a day in the green for S&amp;P 500 and Nasdaq. <\/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\">10,036<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">6,041<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +17.1%)<\/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>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,853<\/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: +16.5%)<\/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\">4.3% 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\">3.9% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul <\/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\">10,427<\/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: -13.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">35,166<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +18.2%)<\/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>S&amp;P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,615<\/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: +12.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,277<\/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: +13.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,440<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +11.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 67.52<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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 (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.01<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0%<\/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 3,717<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 115,438<\/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: +23.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.62<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +3.9%)<\/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>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">150.36<\/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: +7.4)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">15.69<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+6.3% (YTD: -9.6%)<\/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 0.2% yesterday<\/strong> on turnover of AED 634.2 mn. The index is up 17.1% 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>Depa (+14.3%), Gulf Navigation Holding (+6.9%) and Al Firdous Holding (+3.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>BHM Capital Financial Services (-5.9%), National International Holding Company (-5.4%) and Al Mal Capital REIT (-5.0%). <\/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 0.2% on turnover of AED 1.1 bn. Meanwhile, Nasdaq Dubai was up 0.1%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/federal-reserve\/\">Federal Reserve<\/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\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"107531\" 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\/09\/16\/107531-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-107531\" class=\"content-area-description single-story post-107531 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\">SEPTEMBER   <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 September-5 October (Monday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dmcc.ae\/latest-news\/dmcc-and-bybit-launch-web3-unleashed-3-with-140000-prize-pool-and-new-frontiers-in-defai-desci\" style=\"\">DMCC Web3 Unleashed<\/a><\/span><span style=\"font-weight:400;\"> applications <\/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;\">8-18 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>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 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 style=\"font-weight:400;\">15-18 September (Monday-Thursday): Abu Dhabi Chamber of Commerce and Industry will lead a delegation to Germany. <\/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;\">15-19 September (Monday-Friday): The Ajman Department of Tourism Development promotional roadshow in India today.<\/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>17-18 September (Wednesday-Thursday): SHRM MENA hosts <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.shrmmena.org\/uae\/\" style=\"\">its Annual Conference + Expo<\/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;\">17-18 September (Wednesday-Thursday): MBRSC hosts Space Science Connect event, Dubai<\/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>23-30 September (Tuesday-Tuesday): Subscription period for Alec Holding\u2019s IPO. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 September (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adamsuniversal.co.uk\/auh\" style=\"\">Syria Recovery and Investment Forum<\/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>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>25-27 September (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ilds.org\/news-events\/events\/the-10th-international-congress-of-medical-excellence-in-dermatology-and-aesthetic-medicine\/#:~:text=25%20Sep%202025-,The%2010th%20International%20Congress%20of%20Medical%20Excellence%20in%20Dermatology%20and,September%202025%20in%20Dubai%2C%20UAE.\" style=\"\">International Congress of Medical Excellence in Dermatology and Aesthetic Med<\/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>29 September-October 1 (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.airlineeconomicsplus.com\/shop\/conferenceaddons\/QzlkWmxmUEhSRitMSG1JWC9DcGFTdz09\/\" style=\"\">African, Middle East, and Islamic Finance Aviation 100 Awards<\/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>30 September-1 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.menainvestmentcongress.ae\/\" style=\"\">MENA Investment Congress (MENA ICON)<\/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>30 September-2 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/grtiec.com\/\" style=\"\">Global Rail Transport Infrastructure Exhibition and 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>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>, Dubai World <\/span><span>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 (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/theafricadebate.com\/uae\" style=\"\">Africa Debate 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>30 September (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dpc.org.ae\/en\/podfestdubai\" style=\"\">Dubai Podfest<\/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 October (Thursday): Final price for Alec Holding\u2019s IPO to be announced.<\/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>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 style=\"font-weight:400;\">7 October (Tuesday): Enterprise Egypt Forum 2025.<\/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>12-15 October (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.expandnorthstar.com\/\" style=\"\">Expand North Star<\/a><\/span><span style=\"font-weight:400;\">, Dubai Harbor.<\/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>15 October (Wednesday): Alec Holding\u2019s shares to begin trading on the DFM.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>22 October (Wednesday): <\/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>23 October (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/atrium\" style=\"\">S&P Global\u2019s annual Islamic Finance Conference<\/a><\/span><span style=\"font-weight:400;\">, DIFC Atrium, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27 October (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/15q2jr8-ministry-economy-and-tourism-host-%E2%80%98uae-africa\" style=\"\">The UAE Africa Tourism Investment 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>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>1-2 November (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubai.platinumlist.net\/event-tickets\/we-convention-womens-empowerment-convention?utm_source=social&utm_medium=linkedin&utm_campaign=26may_smm_linkedin\" style=\"\">Women's Empowerment Convention (WE Convention)<\/a><\/span><span style=\"font-weight:400;\">, Atlantis The Royal, Dubai.<\/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>10-15 November (Monday-Saturday): SASC organizes <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.autonomous.abudhabi\/en\/\" style=\"\">Abu Dhabi Autonomous Week<\/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>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>13-15 November (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/acifma.com\/events\/48th-ica-conference-exhibition#:~:text=We'\"re%2520pleased%2520to%2520announce,ahead%2520in%2520an%2520evolving%2520market.&sa=D&source=editors&ust=1757995154091271&usg=AOvVaw3pW-T4YVm0c6gJxHRTsXPY\" style=\"\">International Financial Markets (ICA) Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Conrad Dubai. <\/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>19-23 November (Tuesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.abudhabiart.ae\/\" style=\"\">Abu Dhabi Art<\/a><\/span><span style=\"font-weight:400;\">, Manarat Al Saadiyat, Abu Dhabi <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-27 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5global.com\/visit\/why-visit\/?utm_source=google&utm_medium=cpc&utm_campaign=3876-S-Big-5-Global-2025-Delprom-B-DCN-GCC-Africa&gad_source=1&gad_campaignid=22886407126&gbraid=0AAAAAC_uZlmNAF-FwClMP0S21Z8pqxPAI&gclid=Cj0KCQjw5onGBhDeARIsAFK6QJY8Kla_Y41esJEpT7j9Fryo03DuyHcDKgUzXxIOAbwZvYGpdYYu4DkaAqacEALw_wcB\" style=\"\">Big 5 Global Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Dubai 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 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>2-5 December (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sothebys.com\/en\/series\/abu-dhabi-collectors-week\" style=\"\">Sotheby\u2019s Abu Dhabi Collectors\u2019 Week<\/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>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 December (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/defi.tech\/symposia\" style=\"\">DeFi Technologies Insights Global Symposium<\/a><\/span><span style=\"font-weight:400;\">, Emirates Palace, Abu Dhabi.<\/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>8-9 December (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ainvest.com\/news\/vap-group-host-global-ai-show-2025-abu-dhabi-5000-attendees-2508\/\" style=\"\">Global AI Show 2025<\/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>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>8-11 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adgm.com\/media\/announcements\/adfw-2025-set-to-double-in-size-at-new-location\" style=\"\">Abu Dhabi Finance Week<\/a><\/span><span style=\"font-weight:400;\">, Al Maryah Island.<\/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>13-15 December (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mobiledevelopersweek.com\/\" style=\"\">Mobile Developers Week<\/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>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>28-30 January (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wcoomd.org\/en\/events\/upcoming-events\/technology-conference-2026.aspx\" style=\"\">World Customs Organization Technology Conference<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, 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>9-13 February (Monday-Friday): <\/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\/whx-dubai-and-whx-labs-dubai-to-combine-in-2026-to-form-the-worlds-largest-healthcare-event-rja84scy\" style=\"\">The World Health Expo (WHX)<\/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;\">JUNE 2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 June-15 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaimallathon.ae\/\" style=\"\">Dubai Mallathon<\/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 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>1Q 2027: Completion of the first phase of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4e973fb-1779-41cf-b29f-f4df8c403414\/this-morning:-india%25e2%2580%2599s-kotak-receives-sca-license,-plans-retail-focused-funds-in-4q-2025-%2B-ifza-in-panama%3F\" style=\"\">Hassyan seawater desalination project<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/li>\n<li><span style=\"font-weight:400;\">Abu Dhabi\u2019s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime between 2027 and 2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai.<\/span><\/li>\n<li><span style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Al Futtaim is now a minority shareholder n Cenomi Retail<\/p>\n","protected":false},"featured_media":107509,"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-107508","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"530ecdb7-ed5e-4eac-9a21-4341abaed6ee","teaser":"Plus: Al Futtaim is now a minority shareholder n Cenomi Retail","photo_url":"https:\/\/ent.news\/2024\/3\/1775.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>Alec Holdings to 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