{"id":108120,"date":"2025-10-03T00:00:00","date_gmt":"2025-10-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=108120"},"modified":"2025-12-15T05:07:53","modified_gmt":"2025-12-15T05:07:53","slug":"abu-dhabis-gdp-grew-3-8-in-2q","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/abu-dhabis-gdp-grew-3-8-in-2q\/","title":{"rendered":"Abu Dhabi\u2019s GDP grew 3.8% in 2Q"},"content":{"rendered":"<section id=\"108122\" 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=\"108122\">\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\/10\/03\/this-morning-xrg-reaches-final-investment-decision-on-mozambique-lng-facility-rak-to-get-autonomous-taxis\/\">\r\n                            THIS MORNING: XRG reaches final investment decision on Mozambique LNG facility + RAK to get autonomous taxis                        <\/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\/10\/03\/this-morning-xrg-reaches-final-investment-decision-on-mozambique-lng-facility-rak-to-get-autonomous-taxis\/\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/550.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"550.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/550.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/550.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108122\" class=\"content-area-description single-story post-108122 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-deliveroo tag-enterpriseam-uae tag-etihad-rail tag-investment tag-ma tag-oil-and-gas tag-opec tag-opec-2 tag-pakistan tag-ras-al-khaimah tag-real-estate tag-sharjah-national-oil-corporation tag-transport tag-venture-capital 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\/10\/.84be3cfa-ff85-4be1-ba1b-038d02d76715.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy FRIDAY. <\/strong>We close out the week with yet another mammoth issue, led by great news out of Abu Dhabi: The capital of capital\u2019s GDP grew 3.8% y-o-y in 2Q 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">We also have several big M&amp;A stories this morning: The Abu Dhabi Investment Authority bought a minority stake in Haagen Dazs owner Froneri alongside PAI, and International Holding Company acquired a controlling stake in Indian bank Sammaan Capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- More good news from investment bankers whose outlook on debt and equity capital markets for the region in the coming year<\/strong> <strong>\u2014 and beyond \u2014 was overwhelmingly positive<\/strong> during Zaywa\u2019s Capital Markets Forum yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With strong reforms, more diverse liquidity, and a slew of structural drivers, the region\u2019s momentum is set to continue into 2026<\/strong>, with the UAE in particular seeing what one panelist said was one of the busiest IPO pipelines they\u2019ve seen in years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have all of the details<\/strong> on this, and more, in the news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Expect a slight cooldown in temperatures in <strong>Dubai<\/strong>, with a high of 36\u00b0C and an overnight low of 28\u00b0C. <strong>Abu Dhabi <\/strong>will see a high of 38\u00b0C during the day, staying warmer overnight at 31\u00b0C. Humidity persists into the night across both emirates.<\/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- Adnoc\u2019s XRG and its partners have reached final investment decision on the <\/strong><strong>Coral North Floating LNG facility in Mozambique<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.eni.com\/en-IT\/media\/press-release\/2025\/10\/pr-eni-announces-final-investment-decision-mozambique-coral-north-project.html\" style=\"\" rel=\"noopener\">statement<\/a>. The expansion, which is located in area 4 in the Rovuma Basin, will be developed with partners including Eni, China National Petroleum Company, Mozambique\u2019s national oil company ENH, and Korea Gas Corporation. The expansion will add some 3.55 mn metric tons a year of LNG capacity offshore Mozambique.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>XRG <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/966537ba-477e-4d02-853c-48ac28ba0227\/xrg-takes-stake-in-mozambique%25e2%2580%2599s-rovuma-basin-concession-%2B-veon-secures-usd-210-mn-from-gcc-banks,-icbc-standard-bank\" style=\"\" rel=\"noopener\">acquired Adnoc\u2019s 10% stake in the basin<\/a> earlier this year, gaining access to the operational Coral South FLNG and the planned Coral North expansion as well as Rovuma LNG onshore development, which together hold over 25 mtpa of potential LNG capacity.<\/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>WeRide <\/strong><strong>to bring Robotaxi + Robobus pilots to RAK: <\/strong><a target=\"_blank\" href=\"https:\/\/www.rakta.gov.ae\/\" style=\"\" rel=\"noopener\">Ras Al Khaimah Transport Aut<\/a><a target=\"_blank\" href=\"https:\/\/www.rakta.gov.ae\/\" style=\"\" rel=\"noopener\">hority<\/a> (RAKTA) has partnered with Nasdaq-listed, China-headquartered <a target=\"_blank\" href=\"https:\/\/www.weride.ai\/\" style=\"\" rel=\"noopener\">WeRide<\/a> to launch pilot operations of autonomous buses and taxis in the emirate, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/10\/02\/3160172\/0\/en\/WeRide-Launches-Robotaxi-and-Robobus-Pilots-in-Ras-Al-Khaimah-Expanding-Into-Third-UAE-Emirate.html\" style=\"\" rel=\"noopener\">press release<\/a>. RAKTA also inked an MoU with local developer <a target=\"_blank\" href=\"https:\/\/marjan.ae\/\" style=\"\" rel=\"noopener\">Marjan<\/a> focusing on collaborative autonomous vehicle trials and smart transport integration, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2025-10-02\/%D8%B1%D8%A3%D8%B3-%D8%A7%D9%84%D8%AE%D9%8A%D9%85%D8%A9-%D8%AA%D8%B7%D9%84%D9%82-%D8%A7%D9%84%D9%85%D8%B1%D8%AD%D9%84%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9-%D9%84%D9%84%D9%85%D8%B1%D9%83%D8%A8%D8%A7%D8%AA-%D8%B0%D8%A7%D8%AA%D9%8A%D8%A9-%D8%A7%D9%84%D9%82%D9%8A%D8%A7%D8%AF%D8%A9-6109736\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The when and where: <\/strong>WeRide\u2019s Robobus will begin operating across nine stops on Al Marjan Island, with future plans to expand into Mina Island. In parallel, its Robotaxi GXR will begin trial operations in the city center. Commercial services are scheduled for early 2026 via RAKTA\u2019s digital mobility app, and safety officers will initially be on board before fully driverless operations begin.<\/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>#3- <\/strong><strong>Iliad P<\/strong><strong>artners\u2019 freshly-closed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6826c6f3-5703-46c6-84d5-f55809eb6876\/beco-capital-launches-usd-120-mn-early-stage-fund-and-usd-250-mn-growth-fund-for-gulf-startups\" style=\"\" rel=\"noopener\">USD 50 mn<\/a><\/strong><strong> Iliad Partners Tech Ventures F<\/strong><strong>und I <\/strong><strong>will make 10-15 investments in total<\/strong>, focusing on the UAE and Saudi Arabia, Founder and Managing Partner Christos Mastoras told EnterpriseAM. The fund will also allocate a portion of its capital to Europe to back startups expanding into the MENA region, with around 10% of it directed specifically toward Greek startups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It targets early-stage companies with tickets averaging USD 2-3 mn.<\/strong> Initial commitments are placed in the Pre-Series A stage with USD 500k-1 mn investments, growing to USD 2-5 mn for Series A firms. It\u2019s prioritizing fintech, logistics, and proptech; however, it sees strong potential in other sectors like SME lending, ins. technology, construction tech, and maritime tech as sub-sectors the fund is likely to focus on in the future, Mastoras said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund has already invested in three companies<\/strong>, including Dubai-based corporate expense management platform Qashio, Saudi\u2019s logistics platform OTO, and procurement platform Penny.<\/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>#4-<\/strong><strong> Private <\/strong><strong>equity firms BlueFive Capital and Singapore- and Jakarta-based firm <\/strong><strong>Sriwijaya Capital <\/strong><strong>plan to<\/strong><strong> establish a Southeast Asia-focused investment corridor<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/bluefivecapital.com\/newsroom\/sriwijaya-capital-and-bluefive-capital-announce-strategic-alliance\/\" style=\"\" rel=\"noopener\">press release<\/a>. The tie-up aims to connect GCC sovereign wealth funds, institutional investors, and family offices with growth prospects across the ASEAN region through Sriwijaya Capital\u2019s Southeast Asia network and BlueFive\u2019s GCC contracts and access to Chinese state-owned enterprises and institutions. Efforts could later expand to other emerging markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The current priorities? <\/strong>Investing in renewable energy and infrastructure, the digital economy and fintech, as well as healthcare and life sciences, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two have been busy: <\/strong>Sriwijaya Capital recently closed its debut fund targeting growth-stage companies across the region, while BlueFive is also looking eastward, as it prepares to close a new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5982d13a-615d-4416-b988-922105885776\/%253cmark%253ebluefive%253c%2Fmark%253e-targets-usd-1-bn-asia-fund-launch-in-4q-2025\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> Asia fund in 4Q 2025 and launch a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c02e38a-8d26-4555-a175-95d77456a57c\/this-morning:-us-imposes-anti-dumping-duties-on-uae-exports-of-corrosion-resistant-steel-%2B-uae-new-zealand-trade-and-economic-partnership-enters-into-force\" style=\"\" rel=\"noopener\">USD 500 mn<\/a> private equity fund with China\u2019s CICC Capital. It will also establish a shariah-compliant asset management platform <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44598669-9bf1-43ed-9d1e-d31cf31f4c60\/%253cmark%253ebluefive%253c%2Fmark%253e-and-al-murjan-to-establish-a-global-asset-management-investment-platform\" style=\"\" rel=\"noopener\">launched under its partnership<\/a> with Jeddah-based Al Murjan Group.<\/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- London court favors DP World in Djibouti dispute:<\/strong> The London Court of International Arbitration (LCIA) has ruled that the government of Djibouti acted illegally in its seizure of the Doraleh Container Terminal from DP World in 2018, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/london-court-rules-djibouti-illegally-seized-dp-world-port?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The decision affirms DP World\u2019s USD 685 mn enforceable awards against the country \u2014 which the government has so far refused to honor. It also clarifies that harm was directly caused by the government \u2014 declining to award damages against its state-owned corporate port operator, the Port de Djibouti SA (PDSA). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> DP World has been embroiled in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b56e4e93-bb31-477c-9941-915a47a69dea\/dp-world-doubles-down-on-commitment-to-dispute-ownership-of%253cmark%253e-djibouti%253c%2Fmark%253e%25e2%2580%2599s-doraleh-terminal\" style=\"\" rel=\"noopener\">squabbling<\/a> with Djibouti for seven years over the Djibouti government\u2019s termination of its concession after claiming it unfairly favored DP World. The firm owns a 33.3% stake in DCT and had operated the Doraleh terminal since 2006.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ruling has closed DP World\u2019s arbitration proceedings with Djibouti\u2019s <\/strong><strong>PDSA<\/strong>, but wider disputes with Djibouti\u2019s government and their partner China Merchants Port Holding \u2014 amounting to a USD 1 bn claim against the parties \u2014 remain active.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first ruling:<\/strong> The decision upholds a third partial award from the LCIA which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b56e4e93-bb31-477c-9941-915a47a69dea\/dp-world-doubles-down-on-commitment-to-dispute-ownership-of%253cmark%253e-djibouti%253c%2Fmark%253e%25e2%2580%2599s-doraleh-terminal\" style=\"\" rel=\"noopener\">awarded<\/a> the firm USD 200 mn for damages incurred between 23 February 2018 to 31 December 2020. A US court also backed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0a9c2743-251c-4ca7-9c9b-909ef1fe3d2c\/us-court-backs-dp-world%25e2%2580%2599s-usd-200-mn-payout-from%253cmark%253e-djibouti%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">this decision last year<\/a>  awarding DP World USD 200 mn from the government of Djibouti.<\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Property<\/strong> <strong>buyers in <\/strong><strong>Dubai<\/strong><strong>must now pay service charges on properties<\/strong> <strong>even if they ha<\/strong><strong>ve<\/strong><strong> not yet been officially handed the unit<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/property\/dubai-property-owners-must-pay-service-charges-before-handover\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports, citing a ruling by the Dubai Rental Disputes Center. The decision is particularly directed to instances when the buyer is causing handover delays.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new principle applies from the date the unit is ready or when payment defaults<\/strong>, with liability tied to the buyer\u2019s name in the preliminary property register.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TOMORROW- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adamsuniversal.co.uk\/auh\" style=\"\" rel=\"noopener\">Syria Recovery and Investment Forum<\/a><\/strong><strong> kicks off tomorrow <\/strong>at the Adnec Center in Abu Dhabi. The forum will convene policymakers, business leaders, investors, advisory experts, and aid organizations to explore reconstruction, private sector participation, and financing frameworks for Syria. <\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s an unusually quiet morning in the international business press<\/strong>, with only one headline of note making the rounds: OpenAI\u2019s soaring valuation to USD 500 bn, making it the world\u2019s most valuable startup. <strong>We have more on this, and the ongoing AI stock rally, in Planet Finance, below. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Don\u2019t expect to see any Boeing777Xs before 2027<\/strong>, sources have said, the aircraft maker looks set to suffer bns more in losses in cost overruns amid a series of setbacks. This would make it six years late to its original commercial launch date. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/boeing-777x-said-to-slide-into-2027-driving-billions-in-charges?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A few updates on the regional front:<\/strong> <\/p>\n<ul>\n<li><strong>Hamas will reportedly demand key revisions to US President Donald Trump\u2019s Gaza ceasefire plan<\/strong>, particularly around the demand for its complete disarmament, though it is likely to accept it in the coming days, sources close to the group have said. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/oct\/02\/hamas-likely-to-accept-trump-peace-plan-with-key-revisions-experts-say\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/li>\n<li><strong>Morocco\u2019s Gen Z-led protests yesterday, which have been ongoing for four days in light of heavy spending on World Cup 2030 and poor public services, turned deadly<\/strong> with three deaths and several injuries after officers opened fire on the crowds. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/morocco-s-gen-z-protests-escalate-after-deadly-clash-with-police?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/10\/02\/world\/africa\/morocco-protests-gen-z.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/oct\/01\/violence-morocco-anti-government-protests-gen-z\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unsold Middl<\/strong><strong>e Eastern crude from the last trading cycle is stoking concerns that a <\/strong><strong>long-anticipated global oil surplus may be starting to take shape<\/strong>, with between 6 mn and 12 mn barrels of November-loading crude remain without buyers, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/unsold-oil-from-middle-east-hints-at-early-signs-of-global-glut?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing traders. The barrels, offered by sellers including the UAE and Qatar, were still on the market at the close of the cycle \u2014 unusual for volumes that typically move quickly to Asia\u2019s price-sensitive refiners in China and India.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A hazy view:<\/strong> A better read of balances will emerge once Saudi and other Gulf suppliers issue November allocations to long-term contract buyers soon, Bloomberg added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other market signals are pointing to weakness: <\/strong>The backwardation in Murban crude futures has thinned, while price premiums for December-loading cargoes shrank. Traders point to softer-than-expected Chinese demand amid potential slower stockpiling combined with Opec+\u2019s ongoing supply return, as weighing on sentiment and reinforcing expectations of a looser market ahead, Bloomberg added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, supply has been increasing:<\/strong> Opec countries raised output by 400k barrels a day in September, according to a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/opec-output-rose-as-saudis-finished-first-stage-of-revival-survey-shows?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> survey, marking the completion of the restart of its 2.2 mn bbl \/ d wind-down in 2023. Saudi Arabia accounted for the bulk of the increase, with a 320k bbl \/ d increase. A separate <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-oil-output-rises-further-september-survey-finds-2025-10-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> survey shows the monthly increase at a slightly smaller 330k bbl \/ d, with the UAE also significantly boosting output. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The UAE is among several Opec+ members who have submitted an updated plan to offset crude output above their Opec+ target<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/pr-detail\/577-01-october-2025.html\" style=\"\" rel=\"noopener\">statement<\/a>. The revised schedule covers a ten-month period from September 2025 through June 2026, with the country set to implement gradual reductions totaling some 292k bbl \/ d, matching up to a total of 8.52 mn barrels over the period, according to our calculations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The plan calls for 10k bbl \/ d of cuts each month from September through December, rising to 20k in January and accelerating to 35k in February and March. Deeper adjustments are slated from April onward, with 50k, 55k, and 57k bbl \/ d trimmed in the final three months of the program. <\/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\/deliveroo\/\">Deliveroo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-rail\/\">Etihad Rail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n               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non-oil sector hits record share                        <\/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\/10\/03\/abu-dhabis-gdp-grows-3-8-in-2q-as-non-oil-sector-hits-record-share\/\" 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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wp-post-image\" alt=\"\" data-attachment-id=\"108126\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/abu-dhabis-gdp-grows-3-8-in-2q-as-non-oil-sector-hits-record-share\/650-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/650.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"650.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/650.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/650.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108125\" class=\"content-area-description single-story post-108125 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-abu-dhabi tag-economy tag-enterpriseam-uae tag-gdp 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\/10\/.420af239-3696-44dd-a9e6-592303590f4c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi\u2019s <\/strong><strong>GDP grew 3.8% y-o-y to AED 306.3 bn in 2Q 2025<\/strong>, boosted by expansion in the non-oil economy, which grew 6.6% y-o-y to hit a record AED 174.1 bn, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/statistics-centre-abu-dhabi-reports-year-on-year-q2-2025-economic-growth\/\" style=\"\" rel=\"noopener\">statement<\/a> from Abu Dhabi Media Office. This puts the non-oil economy\u2019 share of the GDP at 56.8% for the first time, while the oil sector contributed AED 132.2 bn.<\/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 robust performance in 2Q was expected:<\/strong><span style=\"background-color: transparent;\"> <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dcacde4f-a380-4b63-86e0-cbdf884cd30d\/%253cmark%253eabu%253c%2Fmark%253e%253cmark%253e-dhabi%253c%2Fmark%253e%253cmark%253e-gdp%253c%2Fmark%253e-poised-to-grow-3-4%2525-y-o-y-in-2q\" rel=\"noopener\">Preliminary data<\/a><span style=\"background-color: transparent;\"> from the Abu Dhabi Investment Office expected GDP to grow 3-4% y-o-y during the quarter, fueled by strong growth in the non-oil sector. Abu Dhabi\u2019s economy had expanded by 3.4% y-o-y in 1Q 2025 to AED 291 bn. Last year, GDP grew <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fcf9c9be-20b4-48e7-b4f3-fb960d45269b\/non-oil-sector-drove-3.8%2525-growth-in-abu-dhabi%25e2%2580%2599s-gdp-last-year\" rel=\"noopener\">3.8%<\/a><span style=\"background-color: transparent;\"> to reach an all-time high of AED 1.2 tn, with the manufacturing and construction sectors leading the results.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the sector:<\/strong> Once again, the manufacturing sector led non-oil growth with AED 30.1 bn in value added during the quarter, representing 9.8% of total GDP and showing 3.1% y-o-y growth, achieving its all-time high quarterly value. This uptick was attributed to an increase in new industrial licenses, a 19.4% rise in the number of industrial enterprises and large investments in advanced industries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The construction sector followed in a close second<\/strong>, with a 9.7% growth bringing it to AED 30 bn, contributing 9.8% of the total GDP. Major infrastructure and housing initiatives led the sector\u2019s growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also posting growth was the financial and ins. sector<\/strong>, which inched up 10.3% to a hit AED 21.8 bn, contributing 7.1% of GDP. The wholesale and retail trade sector grew 1.6% to hit AED 16 bn, representing 5.2% of GDP, while professional services grew 10%, arts and entertainment grew 12%, transportation was up 7.5%, real estate by 10.2%, and healthcare expanded 5.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This puts growth in 1H 2025 at 3.63% <\/strong>y-o-y, with GDP reaching AED 597.4 bn, and non-oil GDP up 6.37% y-o-y to hit AED 337.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook is p<\/strong><strong>romising: <\/strong>Fitch <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/56e6f5ad-3c47-44b6-ba83-57beec74d6cc\/fitch-affirms-uae-and-abu-dhabi%25e2%2580%2599s-long-term-default-ratings-on-strong-fundamentals\" style=\"\" rel=\"noopener\">sees<\/a> Abu Dhabi\u2019s GDP growing 6.3% in 2025 and 4% in 2026, while the IMF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dcf54be9-d388-4bfe-a7a0-b7d273462968\/imf-sees-abu-dhabi-economic-growth-this-year-exceeding-dubai%25e2%2580%2599s-and-the-gcc%25e2%2580%2599s\" style=\"\" rel=\"noopener\">sees<\/a> the capital\u2019s economic growth (4.2%) outpacing Dubai\u2019s (3.3%) this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The Central Bank of the UAE (CBUAE) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/89c2ba70-cf56-4076-b3a5-0851113adeb0\/%253cmark%253ecbuae%253c%2Fmark%253e-lifts-gdp-forecast-this-year-to-4.9%2525-on-higher-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\">upgraded<\/a> in September its real GDP forecast to 4.9% in 2025, up from a 4.4% projection <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/68ac25dc-383b-47b6-b43e-bb7d305ad29c\/cbuae-revises-down-its-growth-forecast-for-the-uae-to-4.4%2525-in-2025\" style=\"\" rel=\"noopener\">in June<\/a>, on the back of momentum in the non-oil sector and higher oil production. Growth is forecast to grow 5.3% in 2026 \u2014 slightly below the 5.4% projected earlier. The CBUAE\u2019s projection is broadly in line with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/10f66dfa-a9b8-425f-8f92-6b6b60068b24\/this-morning:-president-mohamed-bin-zayed-al-nahyan-kicks-off-russia-visit-%2B-pakistan-mart-is-coming\" style=\"\" rel=\"noopener\">Standard Chartered\u2019s 5%<\/a> forecast for 2025, but above <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f03ad98c-a477-4024-ade0-9d019a0922f6\/bmi-trims-its-growth-forecast-for-the-uae-to-4.3%2525-in-2025\" style=\"\" rel=\"noopener\">Fitch Solutions\u2019 BMI (4.3%)<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dcf54be9-d388-4bfe-a7a0-b7d273462968\/%253cmark%253eimf%253c%2Fmark%253e-sees-abu-dhabi-economic-growth-this-year-exceeding-dubai%25e2%2580%2599s-and-the-gcc%25e2%2580%2599s\" style=\"\" rel=\"noopener\">the IMF (4%)<\/a>. Further ahead, Standard Chartered expects growth to moderate to 4% in the following two years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108127\" 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=\"108127\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/adia-acquires-minority-stake-in-british-ice-cream-maker-froneri\/\">\r\n                            Adia acquires minority stake in British ice cream maker Froneri                        <\/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\/10\/03\/adia-acquires-minority-stake-in-british-ice-cream-maker-froneri\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The fund and PAI reportedly jointly invested EUR 1.4 bn in Froneri, as part of the private equity firm\u2019s plan to raise EUR 3.6 bn in equity, sources familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/pai-brings-in-fresh-capital-for-15-billion-ice-cream-venture?srnd=undefined\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">A new CV to hold the asset: <\/strong><span style=\"background-color: transparent;\">PAI Partners also created a single-asset continuation vehicle (CV), raising USD 1.8 bn from investors to keep its stake in Froneri, which is valued at USD 15 bn including debt. The oversubscribed CV, one of the largest of its kind in Europe so far, marks the second time PAI has used a CV to hold its Froneri stake, having created a similar vehicle in 2019 and raising roughly USD 2 bn. PAI had initially acquired UK-based R&amp;R Ice Cream in 2013 from an Oaktree Capital-backed group, then merged it with part of Nestl\u00e9\u2019s ice cream operations in 2016 to form Froneri.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next steps? <\/strong>PAI sees room for further business growth for Froneri through future mergers and acquisitions transactions, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Evercore was the sole financial adviser to PAI on the CV transaction and Rothschild provided corporate finance advice to Froneri. Meanwhile, Deutsche Bank served as exclusive financial adviser to Adia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not Adia and PAI\u2019s first rodeo together:<\/strong> Adia and PAI have partnered before to acquire a controlling interest in French ground support equipment firm Alvest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ccf667cf-192f-4775-95e4-f24d72e9cb81\/adia,-pai-partners-acquire-controlling-stake-in-french-aviation-firm-alvest-%2B-adia-mulls-sale-of-stake-in-equis\" style=\"\" rel=\"noopener\">during the summer<\/a>, and Adia bought a minority stake <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c8d78034-ad0e-4638-9edc-eeef06def6c8\/adia-acquires-minority-stake-in-european-camping-group\" style=\"\" rel=\"noopener\">in European Camping Group<\/a> from PAI earlier this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It's been a strong year for the sovereign wealth fund so far<\/strong>, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fef93dff-fb0a-4b0b-bf1c-b606fee9765b\/mubadala-leads-mena-sovereign-investment-activity-in-9m-2025,-deploying-usd-17.4-bn\" style=\"\" rel=\"noopener\">ranked<\/a> second in MENA sovereign investment activity in 9M 2025 with USD 9.6 bn deployed across multiple markets. Since its establishment, the fund has also emerged as the region\u2019s fourth-largest outbound state investor, committing USD 162.7 bn across 337 transactions.<\/p>\n<p class=\"tag-border-left\">OTHER M&amp;A NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deli<\/strong><strong>veroo UAE folds into DoorDash: <\/strong>Deliveroo UAE \u2014 the local arm of the British delivery giant \u2014 is now officially part of DoorDash after the Nasdaq-listed e-commerce company closed its buyout of Deliveroo, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/deliveroo-uae-becomes-part-of-doordash-following-completed-acquisition-fru5i5bm\" style=\"\" rel=\"noopener\">a press release<\/a>. Deliveroo works with some 178k restaurants, grocers, and retailers and 130k riders across nine markets, serving about 7 mn active customers. The Deliveroo tie-up comes as consolidation accelerates in the sector, with DoorDash also said to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6fba7328-7dcb-4631-a585-eb204ad132a9\/this-morning:-ega-taps-banks-for-ipo-%2B-mubadala-weighs-exit-from-turkish-delivery-startup-getir\" style=\"\" rel=\"noopener\">eyeing Mubadala\u2019s stake<\/a> in Turkish delivery company Getir.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New management:<\/strong> While the company will continue to operate under the Deliveroo brand, Miki Kuusi, co-founder of food and retail delivery company Wolt, will take over as CEO alongside his role as DoorDash\u2019s head of international, relocating to London in the coming months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> DoorDash first announced the <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/retail\/doordash-agrees-to-buy-deliveroo-in-3-9-billion-delivery-deal-1.500117332\" style=\"\" rel=\"noopener\">USD 3.9 bn takeover<\/a> in April, in a transaction that has since been awaiting regulatory and shareholder approvals. The move expands DoorDash\u2019s footprint to more than 40 countries, with the combined group handling about USD 90 bn in gross order value last year and serving 50 mn monthly active users. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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post-108129 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108130\" 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=\"108130\">\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\/10\/03\/ihc-to-acquire-41-2-of-of-mumbai-listed-sammaan-capital\/\">\r\n                            IHC to acquire 41.2% of of Mumbai-listed Sammaan Capital                        <\/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\/10\/03\/ihc-to-acquire-41-2-of-of-mumbai-listed-sammaan-capital\/\" target=\"_blank\">\n       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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108131\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/ihc-to-acquire-41-2-of-of-mumbai-listed-sammaan-capital\/1600-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1600.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1600.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1600.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1600.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108130\" class=\"content-area-description single-story post-108130 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-international-holding-company tag-ma tag-ma-watch tag-uae-india-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.2248d049-81a2-4994-8bac-b0c507d4a135.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi\u2019s Intern<\/strong><strong>ational Holding Company (IHC) <\/strong><strong>agreed to acquire a 41.2% <\/strong><strong>stake in <\/strong><strong>Mumbai-listed mortgage-focused <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sammaancapital.com\/\" style=\"\" rel=\"noopener\">Sammaan Capital<\/a><\/strong><strong> for around USD 1 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.ihcuae.com\/media-centre\/press-releases\/ihc-expands-global-portfolio-with-usd-1bn-investment-in-indias-sammaan-capital\" style=\"\" rel=\"noopener\">statement<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/147.pdf\" style=\"\" rel=\"noopener\">details of the transaction (pdf).<\/a> The transaction will see the bank issue 330 mn shares at INR 139 per share \u2014 an 18% reduction from its last closing price. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">It will also trigger a mandatory tender offer for the acquisition of an additional 26% stake<\/strong><span style=\"background-color: transparent;\"> in the company at the same price. The transaction is still subject to regulatory approvals from the Reserve Bank of India and the Competition Commission of India.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sammaan serves<\/strong><strong> 1.6 mn customers through 220 branches nationwide<\/strong>, providing home loans in the affordable housing segment as well as working capital loans for MSMEs and small businesses, according to its website. Sammaan and its wholly owned subsidiary Sammaan Finserve reported INR 623.5 bn in assets under management (AUM) as of March. The company is also realigning toward an asset-light retail model built around co-origination and sell-down strategies, and is targeting consolidated AUM of INR 1 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a wider investment push into India: <\/strong>IHC is planning to pour up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e23bf9c1-9b8d-4f12-972c-02cdbf29b764\/ihc-eyes-over%253cmark%253e-usd%253c%2Fmark%253e-200-bn-in-assets,-plans-investments-in-us,-india,-and-more\" style=\"\" rel=\"noopener\">USD 110 bn<\/a> in the country over the next five years, with another USD 50 bn earmarked for countries in the Commonwealth and Far East regions as part of a wider global push. The investment giant funneled USD 2 bn in Adani Group companies in 2022 before announcing it would <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8054f011-3bd1-459d-8d08-076bdfd4cdc8\/ihc-cuts-stake-in-adani-energy\" style=\"\" rel=\"noopener\">trim exposure<\/a> in Adani Green Energy and Adani Energy Solutions. Earlier in April, IHC nabbed a minority stake in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/604094bc-655a-4202-9dde-95b380d1239e\/plus:-big-week-for-food-and-beverage-acquisitions\" style=\"\" rel=\"noopener\">Haldiram Snacks Foods<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Jefferies and Citi Bank are reportedly advising Sammaan Capital.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-holding-company\/\">International Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108132\" 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=\"108132\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/busy-pipeline-ahead-for-debt-and-equity-capital-markets-in-the-uae-and-ksa-investment-bankers-say\/\">\r\n                            Busy pipeline ahead for debt and equity capital markets in the UAE and KSA, investment bankers say                        <\/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\/10\/03\/busy-pipeline-ahead-for-debt-and-equity-capital-markets-in-the-uae-and-ksa-investment-bankers-say\/\" 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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Bankers on stage agreed liquidity is rising, passive inflows are growing, and the region is entering a more sophisticated phase of development, with a busy pipeline of activity in 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Reforms undertaken since the early <\/strong><strong style=\"background-color: transparent;\">2020<\/strong><strong style=\"background-color: transparent;\">s have helped broaden the investor base and<\/strong><strong style=\"background-color: transparent;\"> deepen liquidity<\/strong><span style=\"background-color: transparent;\">, while investors are shifting investment away from historically dominant markets like the US and Europe and towards the region, which offers stability and resilience.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This shift also means that the GCC is <\/strong><strong>increasingly being viewed less as an emerging<\/strong><strong> market and more as a stable, developed market <\/strong>\u2014 or a new category that rests between the two, one panelist said \u2014 anchored by the USD peg. This perception shift, they said, will make it easier to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf008f39-21f0-4980-9d1d-3068b094274c\/mena-closed-271-m&amp;a-transactions-in-1h-2025\" style=\"\" rel=\"noopener\">diversify deal pipelines<\/a> and execute more transactions simultaneously.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the equity side, the UAE in particular has a very healthy pipeline well into 2026 and 2027<\/strong>, Karim Meleka, co-head of investment banking at EFG Hermes, said. The UAE has been \u201cfantastic\u201d for IPOs, follow-ons, and rights issues, he added, while Saudi Arabia \u2014 a standout over the past five years \u2014 is now in a \u201cdigestive\u201d phase as issuers and investors negotiate on valuations. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/d3eec053-6acb-4bc6-a3c2-8ea7ce981d8a\/amanat-holdings%25e2%2580%2599-almasar-education-gears-up-for%253cmark%253e-tadawul%253c%2Fmark%253e-debut\" style=\"\" rel=\"noopener\">Two or three Saudi transactions<\/a> are set to launch in the coming weeks, which, if successful, could catalyze others into the market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the first time, follow-ons and rights issues are outpacing IPOs i<\/strong><strong>n MENA.<\/strong> Lorenzo Vertechi, senior director of ECM at Emirates NBD Capital, noted that while IPOs typically account for 80% of activity in the region, this year has seen a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/216b5d69-85e7-4c4f-9ebf-c88ac0004e44\/secondary-share-sales-eclipse-ipo-proceeds-%2B-near-triple-2024-volumes\" style=\"\" rel=\"noopener\">shift toward secondary offerings<\/a>. Meleka added that the \u201cpost-covid euphoria\u201d is over, and investors are demanding more sophisticated equity stories and more disciplined valuations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Debt markets are also in record-setting territory. <\/strong>The region has already seen USD 160 bn in bonds and sukuk this year, up from USD 136 bn in all of 2023 and on track to breach USD 180 bn by year-end, according to Khaled Darwish, HSBC\u2019s head of CEEMEA DCM. MENAT overall is approaching USD 200 bn in issuance, with Saudi Arabia alone accounting for USD 80 bn.  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/208a4c79-e2aa-4708-bac4-92c8e1bb7c47\/uae-saw-second-highest-value-of-issuances-in-the-gcc-in-1h-2025--report\" style=\"\" rel=\"noopener\">Sukuk issuance has been particularly strong<\/a> , with USD 82 bn coming to market so far this year, thanks in part to renewed confidence from both regional and Asian investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hedge funds are also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44b101bd-c4f0-42d9-aa6a-b5660dba9a79\/%253cmark%253ehedge-funds%253c%2Fmark%253e-eye-both-abu-dhabi-and-dubai-in-strategic-shift\" style=\"\" rel=\"noopener\">beginning to play a bigger role<\/a><\/strong><strong>, adding liquidity and depth<\/strong>, said Meleka. <strong>Execution, however, remains a challenge.<\/strong> Vertechi pointed out that in the UAE, it takes a week between allocations and trading, compared to a day in Europe, while in Saudi Arabia the process can stretch to a month. Regulators in both markets are working on reforms that could help shorten timelines and further attract international investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian institutions in particular are stepping up allocations as they diversify away from the US<\/strong>, Darwish said. Refinancing will also be a key theme moving forward as a wave of existing issuances mature, which could see investors demand higher premiums for emerging market exposure, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the supply side, structural drivers remain intact.<\/strong> Sarmad Mirza, Standard Chartered\u2019s head of corporate and SSA DCM MENA, said the region\u2019s supercycle of growth is fueling demand for funding, with USD 2 tn of infrastructure projects in the pipeline and the region\u2019s GDP growth expected at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/89c2ba70-cf56-4076-b3a5-0851113adeb0\/cbuae-lifts-gdp-forecast-this-year-to-4.9%2525-on-higher-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/89c2ba70-cf56-4076-b3a5-0851113adeb0\/cbuae-lifts-gdp-forecast-this-year-to-4.9%2525-on-higher-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\">4.5%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/89c2ba70-cf56-4076-b3a5-0851113adeb0\/cbuae-lifts-gdp-forecast-this-year-to-4.9%2525-on-higher-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\"><\/a> next year. Private sector participation is also rising, with succession planning among family businesses becoming a more prominent theme, and private equity just beginning to emerge as a driver of exits in equity markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Darwish described 2025 as a \u201ctransformational year\u201d for MENA capital markets<\/strong>, with the combination of liquidity, reform momentum, infrastructure investment, and a more diversified investor base creating a foundation for sustainable growth. The near-term test will be whether upcoming deals clear the market, setting the stage for what bankers expect could be another record year.<\/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\/hedge-funds\/\">hedge funds<\/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\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108134\" 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=\"108134\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/\">\r\n                            NextSource to build battery anode plant in Abu Dhabi                        <\/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\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/\" 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\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/')\">\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\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/\">\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=NextSource to build battery anode plant in Abu Dhabi&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/\">\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\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/&title=NextSource to build battery anode plant in Abu Dhabi\">\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=NextSource+to+build+battery+anode+plant+in+Abu+Dhabi+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F03%2Fnextsource-to-build-battery-anode-plant-in-abu-dhabi%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/224.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108135\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/nextsource-to-build-battery-anode-plant-in-abu-dhabi\/224-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/224.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"224.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/224.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/224.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108134\" class=\"content-area-description single-story post-108134 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-abu-dhabi tag-enterpriseam-uae tag-evs tag-manufacturing 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\/10\/.59f129f7-806d-46ea-959d-485200ad8023.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A <\/strong><strong>new battery <\/strong><strong>anode facility: <\/strong>Canadian battery materials developer NextSource is moving forward with plans to establish a 30k tons per annum (tpa) battery anode facility in the UAE after completing a technical and economic study and securing an industrial site in Abu Dhabi\u2019s Industrial City (ICAD), according to a <a target=\"_blank\" href=\"https:\/\/www.nextsourcematerials.com\/nextsource-materials-announces-positive-results-of-technical-economic-study-for-proposed-battery-anode-facility-in-the-uae-and-secures-industrial-site-with-building-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">press release<\/a>. The company has also launched a process to bring in strategic partners to help finance the project, which is central to its target of becoming vertically integrated by 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Production and economics: <\/strong><span style=\"background-color: transparent;\">The facility will be built in two phases; phase 1 targets 14k tpa capacity of anode active material (AAM), while the full build-out will bring output to 30k tpa. Initial production is scheduled for 4Q 2026, with full output expected by early 2028. The project carries a total capex of USD 291 mn, including USD 13 mn in sunk costs, with phase 1 estimated at USD 150 mn. Forecasts put expected annual revenue at USD 195 mn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm chose the site due to its proximity to ports, industrial hubs, and transport corridors<\/strong> that make it easy to serve both local and global EV supply chains, as well as its expedited permit process.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Backed by Mitsubishi offtake:<\/strong> The project supports NextSource\u2019s multi-year supply agreement with Mitsubishi Chemical Corporation, inked in <a target=\"_blank\" href=\"https:\/\/www.nextsourcematerials.com\/nextsource-materials-executes-binding-offtake-agreement-with-mitsubishi-chemical-corporation-to-supply-superflake-graphite-anode-material-for-the-north-american-ev-market\/\" style=\"\" rel=\"noopener\">August<\/a>, for 9k tpa of AAM destined for the North American EV market. The Abu Dhabi facility is designed to cover Mitsubishi\u2019s requirements and support further original equipment manufacturer (OEM) offtakes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decoupled from China: <\/strong>The plant will produce natural graphite AAM for EV lithium-ion batteries, offering a fully traceable supply chain that bypasses China. With graphite making up 95% of an anode\u2019s weight \u2014 and 35% of a battery\u2019s total \u2014 the facility aims to provide a compliant alternative source for US and allied markets. NextSource and Stantec \u2014 its engineering partner \u2014 developed a UAE-compliant design using established processing tech to shorten qualification times for OEMs.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/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=\"108136 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=\"108136\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/108136-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108136\" class=\"content-area-description single-story post-108136 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\/1490.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=\"108137\" 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=\"108137\">\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\">A MESSAGE FROM ONSI SAWIRIS SCHOOL OF BUSINESS EXECUTIVE EDUCATION AT THE AMERICAN UNIVERSITY IN CAIRO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/building-the-future-of-business-in-egypt-onsi-sawiris-school-of-business-execed-2\/\">\r\n                            Building the Future of Business in Egypt \u2014 Onsi Sawiris School of Business ExecEd                        <\/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\/10\/03\/building-the-future-of-business-in-egypt-onsi-sawiris-school-of-business-execed-2\/\" 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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That\u2019s why ExecEd\u2019s customized training programs are designed to cultivate leadership, enhance skills, and drive impactful changes, empowering teams to thrive and businesses to succeed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ExecEd\u2019s Expertise Includes:<\/strong><\/p>\n<ul>\n<li><strong>Leadership Training:<\/strong> Equip leaders with the tools to inspire, innovate, and lead with purpose<\/li>\n<li><strong>Customized Programs:<\/strong> Tailored, industry-specific solutions to elevate technical and managerial capabilities.<\/li>\n<li><strong>Strategic Advisory:<\/strong> Expert guidance to navigate challenges and capitalize on opportunities effectively. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why choose ExecEd?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">For decades, Egypt\u2019s top companies have relied on ExecEd to deliver transformative training backed by a globally recognized, triple-accredited institution known for excellence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industries we Serve: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">From banking and healthcare to manufacturing and real estate, ExecEd\u2019s training solutions are designed to address the distinct needs of every sector \u2014 because impactful learning is never one-size-fits-all.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ready to Elevate Your Workforce?<br \/><\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Take the first step toward lasting organizational impact:<\/p>\n<ul>\n<li>Contact ExecEd on 15592<\/li>\n<li>Get expert guidance from ExecEd\u2019s <a target=\"_blank\" href=\"https:\/\/mailchi.mp\/aucegypt\/execedcorporate\" style=\"\" rel=\"noopener\">business solutions advisors<\/a>.<\/li>\n<li>Click <a target=\"_blank\" href=\"http:\/\/business.aucegypt.edu\/execed\/business-solutions\" style=\"\" rel=\"noopener\">here<\/a> for more information on ExecEd\u2019s range of training solutions programs. <\/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\/a-message-from-onsi-sawiris-school-of-business-executive-education-at-the-american-university-in-cairo\/\">A MESSAGE FROM ONSI SAWIRIS SCHOOL OF BUSINESS EXECUTIVE EDUCATION AT THE AMERICAN UNIVERSITY IN CAIRO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/american-university-in-cairo\/\">American University in Cairo<\/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=\"108139\" 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=\"108139\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/\">\r\n                            New CEO at Meira + Western Union taps regional VP                        <\/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\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/\" 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\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/')\">\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\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/\">\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=New CEO at Meira + Western Union taps regional VP&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/\">\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\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/&title=New CEO at Meira + Western Union taps regional VP\">\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=New+CEO+at+Meira+%2B+Western+Union+taps+regional+VP+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F03%2Fnew-ceo-at-meira-western-union-taps-regional-vp%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\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/139.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108140\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/new-ceo-at-meira-western-union-taps-regional-vp\/139-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/139.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"139.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/139.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/139.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108139\" class=\"content-area-description single-story post-108139 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-capital-markets tag-enterpriseam-uae tag-investment 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\/10\/.6ea78281-b2dd-4ea2-ac33-58944b138d37.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meira<\/strong><strong> appoints new CEO: <\/strong>Middle East Investor Relations Association (Meira) tapped Reza Eftekhari (<a target=\"_blank\" href=\"https:\/\/uk.linkedin.com\/in\/reza-eftekhari-189b432b\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new chief executive officer, effective as of this month, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/meira-investorrelations-capitalmarkets-share-7379397710388465664-ltiG\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAADAUJZ8Br23Kv54kDyrvxGUyLkbiQlSEyyw\" style=\"\" rel=\"noopener\">post on LinkedIn<\/a>. Eftekhari brings over 18 years of international experience in global investor relations and shareholder advisory, M&amp;A, ESG, and corporate governance across EMEA and APAC. He previously served as director of M&amp;A, activism, and governance advisory at S&amp;P Global in London, and oversaw USD 250 bn in cross-border transactions. <\/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 move follows former CEO Paolo Casamassima\u2019s exit from the firm<\/strong><span style=\"background-color: transparent;\"> to <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4ff41181-dfcd-4ea0-913a-767373033f62\/arqaam-capital-appoints-a-new-investor-relations-executive\" rel=\"noopener\">join Dubai-based Arqaam Capital<\/a><span style=\"background-color: transparent;\"> as executive director for investor relations and stakeholder engagement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Western<\/strong><strong> Union taps new regional VP: <\/strong>Western Union appointed Nicholas Levi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/nicolas-levi-660a1\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as the firm\u2019s regional vice president for the Middle East, Pakistan, and Afghanistan, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/122.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. This move comes as the company seeks to expand its retail and digital presence across the region, facilitating partnerships with top regional finance and fintech market leaders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Levi brings over two decades of experience in the fintech, telco, and financial services<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>sectors<\/strong>, with a track record of leadership in digital finance. He previously served as CEO of du Pay and has held various senior roles at international firms including Inwi, Orange Money, and Orange France.<\/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\/investment\/\">investment<\/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=\"108141\" 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=\"108141\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/\">\r\n                            UAE, Turkey ink AED 18 bn currency swap                        <\/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\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/\" 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\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/')\">\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\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE, Turkey ink AED 18 bn currency swap&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/\">\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\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/&title=UAE, Turkey ink AED 18 bn currency swap\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%2C+Turkey+ink+AED+18+bn+currency+swap+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F03%2Fuae-turkey-ink-aed-18-bn-currency-swap%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\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/144.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108142\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/uae-turkey-ink-aed-18-bn-currency-swap\/144-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/144.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"144.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/144.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/144.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108141\" class=\"content-area-description single-story post-108141 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adgm tag-also-on-our-radar tag-banking tag-capital-markets tag-central-bank-of-the-uae tag-dewa tag-dubai-taxi-company tag-emirates-islamic-bank tag-emirates-nbd tag-evs tag-islamic-finance tag-ma tag-ma-watch tag-masdar tag-nmdc tag-private-equity tag-securities-and-commodities-authority tag-solar-energy tag-trade tag-trading 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\/10\/.3abe5417-2e09-42ab-9fbb-fc3c769eede6.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">TRADE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>U<\/strong><strong>AE, Turkey sign AED 18 bn currency swap: <\/strong>Emirati and Turkish central banks signed a currency swap agreement worth AED 18 bn and TRY 198 bn to provide local currency liquidity and ease cross-border settlements, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/131.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. They also signed two MoUs to promote the use of AED and TRY in trade and link their payment systems, integrating the UAE\u2019s instant payment platform Aani with Turkey\u2019s equivalent, Fast platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story got ink from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-turkey-cenbanks-sign-49-bln-currency-swap-deal-2025-10-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>.<\/strong><\/p>\n<p class=\"tag-border-left\">M&amp;A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar buys nearly 50% of four Spanish solar plants:<\/strong> Renewables giant Masdar completed the acquisition of a 49.99% stake in four operational solar PV plants in Spain from Endesa valued at EUR 368 mn (AED 1.6 bn), according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/113.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The transaction was financed with EUR 69 mn in equity and EUR 115 mn in acquisition debt, adding 446 MW of capacity to Masdar\u2019s portfolio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Masdar signed on to purchase a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b43ad0ec-0d87-4687-be35-c8bfaa4d5f2c\/masdar-acquires-a-49.99%2525-stake-in-four%253cmark%253e-endesa%253c%2Fmark%253e-solar-plants-%2B-eyes-abu-dhabi-ipo%3F\" style=\"\" rel=\"noopener\">49.99% stake<\/a> in Endesa\u2019s solar assets in March, with the agreement following on from its December 2024 takeover of nearly <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\">50% of Endesa\u2019s EPGE Solar unit<\/a> for an enterprise value of EUR 817 mn, securing rights to another 2 GW. The acquisitions come as parent firm Taqa, which owns 43% of Masdar, targets 150 GW of generation capacity by 2030.<\/p>\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NMDC secures USD 610.1 mn Manila Bay contract: <\/strong>Abu Dhabi\u2019s National Marine Dredging Company (NMDC) signed a USD 610.1 mn agreement with the Philippines\u2019 Pasay Harbor City Corporation to carry out dredging and reclamation works for the Harbor City Project in Manila Bay, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/114.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The 30-month contract covers sand supply, dredging, vertical drains, vibro compaction, and rock placement across 130 hectares of reclaimed land to support the development of a new waterfront city, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15st53v-nmdc-group-enters-philippines-market-with-6101\" 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>Bigger picture: <\/strong>The project is NMDC\u2019s first in the Philippines and expands its Southeast Asia footprint. The company previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0b5b7f9f-1f51-4f84-bc5e-927009778822\/this-morning:-uae-listed-stocks-top-usd-1-tn-in-market-value-%2B-masdar,%253cmark%253e-nmdc%253c%2Fmark%253e-energy-eye-expansion\" style=\"\" rel=\"noopener\">flagged plans<\/a> to enter new markets in Europe, North and West Africa, and Southeast Asia, while also scaling up operations in the UAE, Saudi Arabia, India, and Taiwan.<\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trading<\/strong><strong> platform Deriv secures SCA license for UAE subsidiary: <\/strong>Global online trading platform Deriv secured a license from the Securities and Commodities Authority (SCA) for its newly formed subsidiary, Deriv Capital Contracts and Currencies, according to a <a target=\"_blank\" href=\"https:\/\/deriv.com\/newsroom\/updates\/sca-licence-uae-broker\" style=\"\" rel=\"noopener\">press release<\/a>. Deriv\u2019s other recently secured licenses include ones for Mauritius and the Cayman Islands.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And now? <\/strong>Deriv will provide services including region-specific payment options and informative resources on trading activity to cater to different investor profiles. It also has an app allowing traders to access contracts for differences across six markets on the MT5 platform, and the app also supports swapfree trading, risk management options, and secure withdrawals and deposits.<\/p>\n<p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boston<\/strong><strong>-based private markets asset manager <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.harbourvest.com\/\" style=\"\" rel=\"noopener\">HarbourVest<\/a><\/strong><strong> has set up shop in ADGM<\/strong>, establishing its first Middle East office, according to a <a target=\"_blank\" href=\"https:\/\/www.harbourvest.com\/harbourvest-partners-expands-global-presence-with-opening-of-middle-east-office-and-appoints-reda-zebdi-as-head-of-middle-east\/\" style=\"\" rel=\"noopener\">press release<\/a>. The firm, which manages over USD 147 bn in assets under management, named Reda Zebdi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/reda-zebdi-8719241\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who previously worked at BlackRock, as head of the Middle East to lead the new base. HarbourVest is looking to increase its headcount as its regional client base grows, after securing a category 4 license from the Financial Services Regulatory Authority.<\/p>\n<p class=\"tag-border-left\">EVS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dewa<\/strong><strong>, Dubai Taxi ink pact on EV ultra-fast charging: <\/strong>Dubai Electricity and Water Authority (Dewa) signed a contract with Dubai Taxi Company (DTC) to install 208 ultra-fast charging points under Dewa\u2019s EV Green Charger program, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/october\/02-10\/dewa-and-dubai-taxi-company-sign-contract-to-deploy-ultra-fast-ev-charging-stations\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The first phase will set up hubs with 360 kW capacity each at Dubai Airport Depot and DTC HQ. DTC is planning to expand its EV fleet to 2.5k by 2030, with aims to have its fleet fully-electrical by 2040.<\/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\/adgm\/\">ADGM<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dewa\/\">DEWA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-taxi-company\/\">Dubai Taxi Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-islamic-bank\/\">Emirates Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/islamic-finance\/\">Islamic finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc\/\">NMDC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/securities-and-commodities-authority\/\">Securities and Commodities Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trading\/\">trading<\/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=\"108143\" 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=\"108143\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/openai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally\/\">\r\n                            OpenAI\u2019s soaring valuation triggers AI rally                        <\/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\/10\/03\/openai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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as staff share sale fuels chipmaker rally&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/openai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally\/\">\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\/10\/03\/openai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally\/&title=OpenAI hits USD 500 bn valuation as staff share sale fuels chipmaker rally\">\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=OpenAI+hits+USD+500+bn+valuation+as+staff+share+sale+fuels+chipmaker+rally+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F03%2Fopenai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally%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\/10\/03\/openai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/279.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108144\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/openai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally\/279-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/279.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"279.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/279.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/279.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108143\" class=\"content-area-description single-story post-108143 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-artificial-intelligence tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.2fbebac2-79db-40f4-a04f-31a7920f9df5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>O<\/strong><strong>penAI has become the world\u2019s most valuable startup <\/strong>after a secondary share sale valued the company at USD 500 bn, overtaking Elon Musk\u2019s SpaceX at USD 400 bn. The company was last valued at USD 300 bn in March, when SoftBank led a USD 40 bn round that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f974dc5e-64f2-4567-b4d2-ecbf322d7966\/adia-backs-gl-capital%25e2%2580%2599s-continuation-vehicle-for-sciclone-pharma-%2B-mgx-invests-in-databricks,%253cmark%253e-openai%253c%2Fmark%253e-again\" style=\"\" rel=\"noopener\">included Abu Dhabi\u2019s MGX<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The latest transaction allowed staff and former employees to sell USD 6.6 bn worth of shares to investors including Thrive Capital, SoftBank, Dragoneer, MGX, and T. Rowe Price, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f6befd14-6e8e-497d-98c9-6894b4cca7e4\" style=\"\" rel=\"noopener\">Financial Times<\/a> quotes a source familiar with the matter as saying. The sale was heavily oversubscribed, with demand exceeding USD 10 bn. OpenAI had cleared up to USD 10 bn in stock for resale, but many employees opted to hold \u2014 a move insiders said reflected confidence in the company\u2019s outlook.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The share sale highlights frenzied demand for AI<\/strong>, with investors speculating whoever comes out as the leader for the sector could eventually be worth USD tns. That optimism has been bolstered by Nvidia\u2019s pledge <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1d815469-6175-4230-94aa-60a51e208ff7\/this-morning:-signs-of-cracks-in-dubai%25e2%2580%2599s-property-market-start-to-show%3F-%2B-a-flurry-of-debt-activity-with-issuances-from-aldar,-binghatti\" style=\"\" rel=\"noopener\">last month<\/a> to invest up to USD 100 bn in OpenAI to expand computing capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Markets responded with a global rally: <\/strong>Chipmakers and tech indices added more than USD 200 bn in value in a single session, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/global-chipmakers-add-200-billion-in-record-rally-on-ai-frenzy?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. South Korea\u2019s SK Hynix jumped 10%, Samsung rose 3.5%, and the Kospi hit a record high. Taiwan\u2019s TSMC and Hon Hai also climbed, as OpenAI entered into an agreement with South Korea\u2019s SK Group and Samsung for the supply of chips for its Stargate initiative with Oracle and SoftBank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Valuations are now stretched:<\/strong> The Philadelphia Semiconductor Index now trades at 27x forward earnings, close to last year\u2019s peak, while Bloomberg\u2019s Asia chip gauge stands at 19x. The Hang Seng Tech Index is up 50% YTD, also boosted by state support and corporate AI investment in China.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts say the rally reflects fear of missing out. <\/strong>\u201cTech momentum shows no sign of fading [...] with headwinds brushed aside and every AI headline sparking bursts of euphoria,\u201d Hebe Chen at Vantage Markets said. \u201cBubble talk lingers, but it\u2019s FOMO that\u2019s clearly running the show.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, some warn valuations are running ahead of fundamentals<\/strong>, and any earnings stumble among mega-cap techs could trigger another sharp selloff, echoing April\u2019s meltdown, JPMorgan Asset Management cautioned. \u201c[Upcoming] fourth quarter earnings may force the reality check,\u201d Chen added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not a problem for OpenAI? <\/strong>The company expects annual recurring revenue to hit USD 20 bn by year-end, up from USD 12 bn currently, FT reports, citing a person with knowledge of its finances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly in the green<\/strong>, tracking a Wall Street rally led by AI stocks. The only outlier was Hong Kong\u2019s Hang Seng, which fell nearly 0.5%. Over on Wall Street, futures point to another strong open as US investors shrug off the government shutdown. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\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\">10,065<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +6.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,916<\/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: +14.7%)<\/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\">4,788<\/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: +15.8%)<\/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\">4.0% 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\">3.8% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,496<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -4.5%)<\/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>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\">36,901<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +24.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 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\">6,715<\/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: +14.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,428<\/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: +15.4%)<\/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>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\">5,646<\/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\">+1.2% (YTD: +15.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 64.27<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.41<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,885.1<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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 120,606<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.9% (YTD: +27.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.71<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">150.76<\/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: +7.7%)<\/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\">16.63<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% (YTD: -4.2%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.4% yesterday<\/strong> on turnover of AED 1.5 bn. The index is up 6.9% 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>Hily Holding (+14.5%), The National Bank of Ras Al Khaimah (+4.9%) and Bank of Sharjah (+4.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Al Khaleej Investment (-7.7%), Aram Group (-7.0%) and National Bank of Umm Al Qaiwain (-1.9%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.5% on turnover of AED 2.3 bn. Meanwhile, Nasdaq Dubai was up 0.9%<\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108145\" 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=\"108145\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/\">\r\n                            Fujairah, Egypt sign energy pacts on oil storage and logistics                        <\/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\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/\" 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\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/')\">\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\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/\">\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=Fujairah, Egypt sign energy pacts on oil storage and logistics&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/\">\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\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/&title=Fujairah, Egypt sign energy pacts on oil storage and logistics\">\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=Fujairah%2C+Egypt+sign+energy+pacts+on+oil+storage+and+logistics+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F03%2Ffujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics%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\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/142.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108146\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/fujairah-egypt-sign-energy-pacts-on-oil-storage-and-logistics\/142-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/142.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"142.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/142.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/142.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108145\" class=\"content-area-description single-story post-108145 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-egypt tag-energy tag-enterpriseam-uae tag-fujairah tag-oil-and-gas 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\/10\/.f64d5329-43f2-4268-b82f-48ddf5606f36.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fujairah, Egypt to deepen energy ties: <\/strong>Fujairah Ruler Hamad bin Mohammed Al Sharqi met Egypt\u2019s Oil Minister Karim Badawi yesterday to discuss expanding oil and gas cooperation, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bm03f6n-fujairah-ruler-receives-egyptian-minister\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two sides signed three agreements on the sidelines: to set up a joint-stock company for a logistics zone in El Alamein, store crude at Al Alamein\u2019s Hamra Petroleum Port, and supply petroleum products to the Egyptian General Petroleum Corporation, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0so39tkeNLM6H4qscVKPSaRTdU5Wy1suwtHx85AM6LkzNR2AsCFkEvmtWu3mYp4f2l\" style=\"\" rel=\"noopener\">Facebook post<\/a> from Egypt\u2019s Oil Ministry.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fujairah\/\">Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108147\" 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=\"108147\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/03\/my-morning-routine-suvo-sarkar-founder-and-ceo-of-3d-advisory-senior-advisor-at-mckinsey-co-and-mastercard-and-chairman-of-ibms-advisory-board\/\">\r\n                            My Morning Routine: Suvo Sarkar, founder and CEO of 3D Advisory, senior advisor at McKinsey &amp; Co and MasterCard, and chairman of IBM\u2019s advisory board                        <\/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\/10\/03\/my-morning-routine-suvo-sarkar-founder-and-ceo-of-3d-advisory-senior-advisor-at-mckinsey-co-and-mastercard-and-chairman-of-ibms-advisory-board\/\" 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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Speaking to us this week is Suvo Sarkar (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/suvosarkar\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), founder and CEO of 3D Advisory, senior advisor at McKinsey & Co and MasterCard, and chairman of IBM\u2019s advisory board. Edited excerpts from our conversation:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I've been a banker for 38 years<\/strong>, and have led consumer and wealth for various banks. I was with Emirates NBD for 15+ years, and I\u2019ve covered multiple markets in the Middle East, including Saudi Arabia, Egypt, and the UAE, as well as India and the UK. I\u2019ve moved out of operational roles after retiring from the bank two years ago, and have since worked with multiple organizations in advisory-focused roles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My passion is helping people think about the future. <\/strong>That\u2019s what I do with the organizations I advise, helping and challenging them to think of what the future will look like. I have my own advisory company called 3D Advisory \u2014 the 3 Ds stand for digitization, data, and design; three things that I believe will redefine banking in the next 10-30 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I advise McKinsey regionally<\/strong>, as well as Mastercard, and chair the advisory board for the region for IBM. I\u2019ve also set up Wealthbrix in the DIFC alongside my partners, through which we are helping m\u2019naires and high net worth individuals coming to the UAE or the region to get the best out of their banking experiences. I also advise 5-6 startups \u2014 one or two of which are unicorns. Besides that, I host my own podcast called <a target=\"_blank\" href=\"https:\/\/www.moneymajlis.com\/\" style=\"\" rel=\"noopener\">Money Majlis<\/a> about banking, financing, and technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I think every company is trying to figure out how AI will transform the lives of their employees and their customers<\/strong>, and I think it's a huge wave coming at us. I personally think that AI is probably as fundamental a shift for finance and banking as the internet was 30 years back, when internet banking came in and the industry changed over time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My view is bankers' lives will become richer.<\/strong> They\u2019ll be doing more meaningful tasks that help customers with their finances as opposed to doing routine and menial tasks. It\u2019s about leveraging AI to make life better for customers and employees. Everybody is racing to see who gets the most out of it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I work probably 50% less than what I did in my full-time job<\/strong>, but in terms of the diversity of experiences and excitement that I have, I would say it's much more than when I was working a full-time job. It\u2019s funny because even my wife thinks I'm working harder than I did before. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I usually wake up early, around 5:30am, and I start my day with a walk.<\/strong> Half of the time, I have my earpods in my ear and listen to the morning news or catch up on a podcast. When I get back home, I enjoy a morning cup of tea with some music \u2014 at least for an hour. My favorite genre is Indian classical music. I love starting my day like that; it keeps me calm and composed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then I read a few of my go-to newspapers and websites.<\/strong> Then I shower, get ready for the day, and work from my home office. I\u2019ve recently gotten into the habit of taking a quick half-hour or 45 minute nap in the early afternoon, and I\u2019ve been finding that helps energize me in a big way for the rest of the day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One thing I do not sacrifice is my morning music<\/strong>, and the other is talking to my daughters every day. One lives in London and one lives in Washington DC, so we are on three different continents, but we have a chat every day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I have a different quarterly target now<\/strong>, which is to go on a holiday every three months. My wife and I really enjoy traveling, so we try to go on a two-week holiday every three months. I\u2019m happy to say I\u2019m actually meeting the target \u2014 and even exceeding it sometimes. I\u2019m also a foodie and I love trying food from different regions; I\u2019ve recently tried Koshari and I love it now, and I love Asian and Italian food as well. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I also hope to take a couple of statutory board memberships.<\/strong> I want to continue prioritizing the podcast, which is a passion for me. It was my youngest daughter who told me to do it and that nobody reads anymore, so I moved to podcasting and I\u2019ve been getting a huge amount of feedback. The idea behind it was, as a banker of 38 years, why not engage leaders in banking and tech and financial services, and have intelligent, authentic conversations that cover the real topics that matter candidly? And why not add a social impact element to it? I give listeners the chance to get a USD 50 card that they can then donate to any of the six charities I support \u2014 and which I rotate with every season \u2014 so all my proceeds from sponsors end up being donated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I read a very good fiction book recently<\/strong>, called <a target=\"_blank\" href=\"https:\/\/www.amazon.ae\/Covenant-Water-Abraham-Verghese\/dp\/1804710458\/ref=asc_df_1804710458?mcid=699dc67bace53207a64d64d1c9fd908e&tag=googleshopp09-21&linkCode=df0&hvadid=719214875891&hvpos=&hvnetw=g&hvrand=9808715999997101912&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1000013&hvtargid=pla-2197669762721&psc=1&gad_source=1\" style=\"\" rel=\"noopener\">The Covenant of Water<\/a> by Abraham Verghese, who\u2019s the head of neurosurgery at Stanford, and is originally Indian. It\u2019s an excellent book set in India. I also love <a target=\"_blank\" href=\"https:\/\/www.acquired.fm\/\" style=\"\" rel=\"noopener\">Acquired<\/a>, which is a very well-researched podcast, as well as <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/@EmpirePodUK\" style=\"\" rel=\"noopener\">Empire<\/a>. In terms of TV shows, I enjoy The White Lotus \u2014 very good social commentary \u2014 and Black Mirror. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One advice I got from my father many decades ago is to be humble.<\/strong> He used to say, regardless of what you do, never forget your roots and be humble, and I've practiced that throughout my career and life. Most people don\u2019t like arrogance, and if you are nice to people, they'll be nice to you. <\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"108149\" 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\/10\/03\/108149-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108149\" class=\"content-area-description single-story post-108149 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\">OCTOBER<\/span> <span>  <\/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>4 October (Saturday): <\/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;\">, 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>5-7 October (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/najah-exhibition-2025\/\" style=\"\">Najah Exhibition<\/a><\/span><span>, 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>6-7 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/agra-middle-east-exhibition-2025\/\" style=\"\">AgraME<\/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>6-7 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/the-forex-expo-2025\/\" style=\"\">The Forex Expo<\/a><\/span><span>, 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>6-8 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/accessabilities-expo-2025\/\" style=\"\">AccessAbilities Expo<\/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: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>8-9 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/quantummaritimeconference.com\/\" style=\"\">Quantum Maritime Conference<\/a><\/span><span style=\"font-weight:400;\">, Mussafah, Abu Dhabi<\/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>9-11 October (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/euroarabmed.com\/\" style=\"\">European Arab Medical Congress (EAMC 2025)<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Energy Center, Abu Dhabi <\/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>, 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>13-17 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/gitex-global-2025\/\" style=\"\">GITEX Global<\/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>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>14 October (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaisafari.ae\/#\" style=\"\">Dubai Safari Park<\/a><\/span><span style=\"font-weight:400;\">, Dubai<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 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>15-18 October (Wednesday-Saturday): The Future Mobility Expo and Conference, Expo Center Sharjah. <\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-18 October (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/blqkhwr-sharjah-host-evolve-future-mobility-show\" style=\"\">Evolve Future Mobility Show<\/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>21-22 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/hr-summit-2025\/\" style=\"\">HR Summit and Expo 2025<\/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>21-23 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/the-international-family-medicine-conference-exhibition-2025\/\" style=\"\">International Family Med. Conference and Exhibition<\/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>21-23 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/annual-radiology-meeting-2025\/\" style=\"\">Annual Radiology Meeting (ARM)<\/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>21-23 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/healthcare-future-summit-2025\/\" style=\"\">Healthcare Future Summit 2025<\/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>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 style=\"font-weight:400;\">22-23 October (Wednesday-Thursday): Alternative Investment Summit, Jumeirah Emirates Towers, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-24 October (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sharjah24.ae\/en\/Articles\/2025\/05\/31\/ZX47\" style=\"\">World Investment Conference<\/a><\/span><span style=\"font-weight:400;\">, Expo Center Sharjah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>29 October (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurehospitality.com\/world\/brf\" style=\"\">The Brand Residences Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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 style=\"font-weight:400;\">4-6 November (Tuesday-Thursday): Annual government meetings, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/arabal.com\/\" style=\"\">ARABAL International Aluminum 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>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>10 November (Monday): SASC organizes <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.autonomous.abudhabi\/en\/summit.html\" style=\"\">The Abu Dhabi Autonomous Summit<\/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=1759464191893194&usg=AOvVaw2J1W3Uecqj6d_lbJ7fS9UM\" 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>19-20 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.rakisummit.com\/\" style=\"\">Investment and Business Summit<\/a><\/span><span style=\"font-weight:400;\">, Al Hamra International Exhibition and Convention Center, Ras Al Khaimah<\/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>26-27 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/datewithtech.com\/\" style=\"\">DATE (Digital Acceleration & Transformation Expo),<\/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;\">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.bridgesummit.com\/en\/\" style=\"\">The Bridge Summit<\/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>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>9-11 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/automechanika-dubai.ae.messefrankfurt.com\/dubai\/en.html\" style=\"\">Automechanika Dubai Trade Show<\/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>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>13-15 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fespamiddleeast.com\/exhibiting\/exhibit?gad_source=1&gad_campaignid=22872965013&gbraid=0AAAAAqD9IbbBANPyJR6PGGinsuyzX0EAy&gclid=Cj0KCQjw0NPGBhCDARIsAGAzpp0Ia6nltF9CwDoUIHmucbQKVt3Wq9f0ruPnI0jbDvsVx7LyJ7KSr18aAuKnEALw_wcB\" style=\"\">FESPA Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai Exhibition Center, Dubai<\/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;\">MARCH 2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 March (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.socialcapital2026.com\/\" style=\"\">Social Capital 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 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;\">JULY 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:700\">31 July (Friday): <\/span><span>Large businesses achieving annual revenues equal to or above AED 50<\/span> <span>mn<\/span> <span style=\"font-weight:400;\">must appoint an accredited service provider for e-invoicing implementation. <\/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>13-15 April ( Monday-Wednesday) : <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/dubai-to-host-third-edition-of-international-glass-manufacturing-show-in-april-2026-bjw53wgq\" style=\"\">The International Glass Manufacturing Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/li>\n<li><span>14-16 April: (Tuesday-Thursday): the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ips-dubai.com\/\" style=\"\">International Property Show<\/a><\/span><span style=\"font-weight:400;\">, Sheikh Zayed Rd, Dubai.    <\/span><\/li>\n<li><span>11-13 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aieverythingglobal.com\/home\" style=\"\">AI Everything Global<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center.<\/span><\/li>\n<li><span style=\"font-weight:400;\">The UAE to host the Arab Competition Forum<\/span><\/li>\n<li><span style=\"font-weight:400;\">Dubai to host the Arab Actuarial Conference<\/span><\/li>\n<li><span style=\"font-weight:400;\">United Nations Water Conference <\/span><\/li>\n<li><span style=\"font-weight:400;\">Dubai Future Finance Week<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bk8zh7y-investopia-host-inaugural-global-talks-tashkent\" style=\"\">Investopia Global Talks<\/a><\/span><span style=\"font-weight:400;\">, Tashkent<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in October 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi Space Week, Abu Dhabi.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">1 January: Deadline for large businesses to implement e-invoicing.<\/span><\/li>\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;\">31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation <\/span><\/li>\n<li><span>31 March: Government entities<\/span> <span style=\"font-weight:400;\">are required to appoint an accredited service provider for e-invoicing implementation.<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 July: Deadline for small businesses to implement e-invoicing.<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 October: Deadline for governments to implement e-invoicing.<\/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>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: Adia acquires stake in ice cream maker Froneri, and IHC snaps up a piece of India\u2019s Sammaan Capital<\/p>\n","protected":false},"featured_media":108121,"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-108120","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c7ab150e-de89-4d51-bd3d-c8f5e94a6527","teaser":"Plus: Adia acquires stake in ice cream maker Froneri, and IHC snaps up a piece of India\u2019s Sammaan Capital","photo_url":"https:\/\/ent.news\/2024\/2\/1198.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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