{"id":108512,"date":"2025-10-16T00:00:00","date_gmt":"2025-10-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=108512"},"modified":"2025-12-15T05:15:29","modified_gmt":"2025-12-15T05:15:29","slug":"multiply-acquires-2pointzero-ghitha-to-create-aed-120-bn-entity-plus-mgx-takes-over-aligned-data-centers-alongside-blackrock","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/multiply-acquires-2pointzero-ghitha-to-create-aed-120-bn-entity-plus-mgx-takes-over-aligned-data-centers-alongside-blackrock\/","title":{"rendered":"Multiply acquires 2PointZero, Ghitha to create AED 120 bn entity. PLUS: MGX takes over Aligned Data Centers alongside BlackRock"},"content":{"rendered":"<section id=\"108514\" 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=\"108514\">\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\/16\/dubai-investments-taps-banks-to-list-its-dubai-investments-park-unit-masdar-eyes-usd-1-bn-investment-in-turkey\/\">\r\n                            THIS MORNING: Dubai Investments taps banks to list its Dubai Investments Park unit + Masdar eyes USD 1 bn investment 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                  <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2421.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108515\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/dubai-investments-taps-banks-to-list-its-dubai-investments-park-unit-masdar-eyes-usd-1-bn-investment-in-turkey\/2421-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2421.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2421.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2421.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2421.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108514\" class=\"content-area-description single-story post-108514 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adnoc tag-dubai-investments tag-enterpriseam-uae tag-investment tag-ipo-watch tag-khazna tag-ma-watch tag-masdar tag-tech 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\/.219bd025-35c2-49ef-a71a-e9e297a25bd8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We have another packed issue for you this morning, with big M&amp;A headlines from MGX and Multiply Group. <strong>MGX<\/strong> just acquired the US\u2019 <strong>Aligned Data Centers<\/strong> alongside BlackRock\u2019s Global Infrastructure Partners and others in a USD 40 bn transaction, while <strong>Multiply Group<\/strong> is acquiring IHC\u2019s <strong>2PointZero<\/strong> and <strong>Ghitha Holding<\/strong> through a share swap agreement, creating a AED 120 bn listed entity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: Alec Holding\u2019s<\/strong> shares debuted on the DFM yesterday, rising on their first day of trading. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- UAE startup investments were up 188% in 9M amid a surge in foreign capital<\/strong>, bucking the global trend and leading venture capital in the region. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- The reprieve in temperatures continues<\/strong>, with <strong>Dubai<\/strong> reaching a high of 35\u00b0C and a low of 28\u00b0C, according to our favorite weather app. It\u2019s more or less the same in <strong>Abu Dhabi<\/strong>, with a high of 36\u00b0C and a low of 27\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Dubai Investments tapped banks to list the company behind Dubai Investments Park<\/strong>, marking the latest in a series of real-estate-related IPOs in Dubai this year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-15\/dubai-investments-said-to-tap-hsbc-citi-emirates-nbd-for-unit-s-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The company tapped Citigroup, Emirates NBD Capital, and our friends at HSBC for the listing. It has been preparing to list up to 25% of its Dubai Investments Park Development company unit by February next year, with the firm set to be valued between AED 8-10 bn, the business news information service said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Dubai\u2019s three IPOs this year are linked to the property market as the emirate\u2019s property boom fuels growth of companies across real estate verticals, from construction to (like Alec Holdings) and online platforms (like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/729107ba-c701-4334-928b-dd4de21fc54f\/dubizzle-pulls-the-trigger-on-its-long-awaited-dubai-ipo\" style=\"\" rel=\"noopener\">Dubizzle<\/a>). <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7bfe94f9-7848-4718-96db-19d9ec622d88\/first%253cmark%253e-dubai%253c%2Fmark%253e-ipo-of-the-year-sets-upbeat-tone-on-first-trading-day\" style=\"\" rel=\"noopener\">Dubai Residential REIT<\/a> was the emirate\u2019s first IPO this year. <\/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- A<\/strong><strong>dnoc\u2019s C<\/strong><strong>ovestro play nears EU clearance:<\/strong> Adnoc is reportedly on track to secure European Commission approval for its EUR 14.7 bn (USD 17 bn) takeover of German\u2019s Covestro, after the commission sought feedback from market participants after receiving Adnoc\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ff069bf-285d-441e-b1b9-525f7fd92dbd\/this-morning:-adnoc-submits-concessions-to-secure%253cmark%253e-covestro%253c%2Fmark%253e-acquisition-%2B-adia-locks-in-shares-in-lg-india%25e2%2580%2599s-ipo\" style=\"\" rel=\"noopener\">revised proposal<\/a> earlier this month, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/adnoc-set-win-17-billion-covestro-deal-with-remedy-tweaks-sources-say-2025-10-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing people it says are familiar with the matter. EU regulators are said to be reviewing minor tweaks to Adnoc\u2019s remedy package, which includes changes to its articles of association to remove an unlimited state guarantee and a pledge to keep Covestro\u2019s intellectual property within Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ad2645a-887f-4042-848e-80d5d0ac3297\/dubai-airshow-drops-israeli-weapons-manufacturers\" style=\"\" rel=\"noopener\">The commission\u2019s anti-subsidies probe<\/a>, which was temporarily paused last month pending data requests, is set to resume after Adnoc reportedly fulfilled all outstanding information requirements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Adnoc\u2019s acquisition of Covestro marks its largest-ever M&amp;A transaction and one of the biggest Gulf takeovers of an EU-listed company, as the state-backed energy major continues to diversify downstream and expand its global chemicals footprint.<\/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> #<\/strong><strong>3- <\/strong><a target=\"_blank\" id=\"kix.testpw5y2yqf\" rel=\"noopener\"><\/a> <strong>UAE\u2019s M<\/strong><strong>asdar is about to close a USD 1 bn investment in a 1.1 GW pumped-storage<\/strong><strong> solar power plant in Turkey\u2019s Nigde Bor<\/strong>, Turkish <a target=\"_blank\" href=\"https:\/\/www.aa.com.tr\/en\/energy\/solar\/turkiye-uae-advance-1b-deal-for-nigde-solar-power-plant\/52279\" style=\"\" rel=\"noopener\">Anadolu Agency<\/a> reports. The project is currently in its final stages of development. Other ventures including offshore wind, high-voltage direct current (HVDC) transmission systems, and new pumped-storage hydroelectric sites were also on the table. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reignited interest?<\/strong> Masdar had previously been linked to potential expansions in Turkey, though an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/15bf3f4e-99fe-4c51-9793-3cae3e318c1a\" style=\"\" rel=\"noopener\">agreement<\/a> that would have seen Masdar acquire a stake in Turkey\u2019s Fiba Yenilenebilir Enerji collapsed over a price dispute in 2023.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Khazna <\/strong><strong>earmarks 400 MW of 1 GW goal for key markets: <\/strong>Dubai-based <a target=\"_blank\" href=\"https:\/\/khaznadatacenters.com\/\" style=\"\" rel=\"noopener\">Khazna Data<\/a><a target=\"_blank\" href=\"https:\/\/khaznadatacenters.com\/\" style=\"\" rel=\"noopener\">Centers<\/a> plans to add 400 MW of new data center capacity to its key markets in Saudi Arabia and Italy, among others, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/750.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. In Italy it is set to develop <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f9a5350a-4860-4b17-9658-421f30f06992\/khazna-to-develop-500-mw-data-center-in-italy\" style=\"\" rel=\"noopener\">a 500 MW data center with Eni<\/a>, while in Saudi Arabia it is aiming to capture <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5529d572-6a93-473b-aa84-d0c46e3062e3\/this-morning:%253cmark%253e-khazna-data-centers%253c%2Fmark%253e-eyes-ksa-expansion-%2B-shurooq-expands-tourism,-hospitality-portfolio-with-two-new-projects\" style=\"\" rel=\"noopener\">more than 25%<\/a> of the Kingdom\u2019s data center market. It is also making forays into <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd292d9b-b47b-4f41-bbc6-f17fe0d9509f\/khazna-to-build-the-uae%25e2%2580%2599s-largest-data-center\" style=\"\" rel=\"noopener\">Egypt<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b4fc2d35-7bb9-49a8-ba34-ee4eb8a5ab65\/%253cmark%253ekhazna%253c%2Fmark%253e-to-build-100-mw%253cmark%253e-data%253c%2Fmark%253e-center-in-t%25c3%25bcrkiye-as-part-of-regional-expansion-drive\" style=\"\" rel=\"noopener\">Turkey<\/a>. The target is part of a wider plan to expand its overall operational capacity by more than 1 GW by 2030.<\/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- O<\/strong><strong>racle<\/strong><strong>, Nvidia to work on Abu Dhabi\u2019s AI program: <\/strong>US tech giants Oracle and Nvidia are working on Abu Dhabi\u2019s government AI infrastructure, with plans to bring160 AI tools to the emirate as it looks to become an AI-native government, according to a <a target=\"_blank\" href=\"https:\/\/blogs.nvidia.com\/blog\/oracle-nvidia-accelerate-sovereign-ai-abu-dhabi\/\" style=\"\" rel=\"noopener\">press release<\/a>. The two are working with Abu Dhabi\u2019s Core42 and UK consultancy Deloitte on the initiative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Abu Dhabi\u2019s AED 13 bn-backed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff046970-f97b-4f97-a6f7-1c7d3f8d6c00\/abu-dhabi-announces-aed-13-bn-ai-powered-government-strategy\" style=\"\" rel=\"noopener\">AI-native initiative<\/a> aims to have all government processes completely automated and digitized by 2027. The Department of Government Enablement is carrying out the scheme, which has been rolled out across 25 government institutions so far.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two firms are already active in the Emirates<\/strong>, with Oracle reportedly involved in developing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d9ad766-614b-4147-a0a1-401a806c3fd8\/openai-in-talks-to-anchor-us-uae%25e2%2580%2599s-5-gw-data-center-in-abu-dhabi\" style=\"\" rel=\"noopener\">first phase of the Stargate UAE campus<\/a> \u2014 which currently operates two cloud regions in Abu Dhabi and Dubai. It also supports du\u2019s sovereign cloud offering for UAE government clients. Nvidia, meanwhile, is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e9721a7-9b81-43d6-8010-2cba5e142991\/g42-to-develop%253cmark%253e-stargate%253c%2Fmark%253e-uae-alongside-us-ai-powerhouses\" style=\"\" rel=\"noopener\">also involved in developing Stargate UAE<\/a> and is set to provide it with its Grace Blackwell GB300 systems. The US <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/102ed2aa-1010-450e-95b7-8c2c2cdb308d\/us-greenlights-some-nvidia-ai-chip-sales-to-uae\" style=\"\" rel=\"noopener\">recently greenlit<\/a> the exports of several USD bns worth of Nvidia chips to the UAE.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- In similar news, AI is speeding up trade license approvals in Dubai<\/strong>, CEO of Dubai Business Registration and Licensing Corporation Ahmad Al Falasi told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/invest-in-dubai-platform-ai-revamped-get-licence-17-seconds\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. A new AI-powered service will be added to the Invest in Dubai platform by the end of 2026, shortening the time for investors to secure a trade license from five minutes to 17 seconds with AI verification replacing manual processes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The entities involved: <\/strong>The upgrade will manage the complete license issuance process, unifying approvals from the Human Resources and Emiratzsation Ministry, Foreign Affairs Ministry, Community Development Authority, and Dubai Civil Aviation Authority. Other entities are set to join later as the service continues its expansion and rollout.<\/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>#7-<\/strong><strong> Etihad A<\/strong><strong>irways is restoring single-aisle aircraft from the secondary market<\/strong> in a bid to manage its plane delivery backlog and persistent supply chain snags, CEO Antonoaldo Neves told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-15\/etihad-adds-used-single-aisle-jets-amid-global-plane-shortage?srnd=phx-india-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The Abu Dhabi-based carrier has added four Airbus 320-family jets to suit its operational needs \u2014- although some 14 planes were available \u2014 with two coming from lease expiries and the remaining lease terminations, Neves said, without disclosing the prior operators.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Small but mighty?<\/strong> The smaller, single-aisle planes have proved easier to source, while wide-body planes are a bit harder to uptake, Neves added. The company plans to add two additional newbuild A380 aircraft into its fleet by mid-2026 \u2014 avoiding the secondary market due to issues with interior refurbishment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tough times to come:<\/strong> Analysts estimate that supply chain delays will cost airlines over USD 11 bn this year alone, according to <a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/pressroom\/2025-releases\/2025-10-13-01\/\" style=\"\" rel=\"noopener\">data<\/a> from the IATA. Airlines faced a global commercial aircraft backlog of 17k units last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Etihad Airways <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0195cfde-fc35-44ac-a849-8a4ea7e9fa19\/today:-helios-eyes-stake-in-telecom-egypt%25e2%2580%2599s-data-center-unit-%2B-emirates-new-financing\" style=\"\" rel=\"noopener\">is also weighing bulk buying<\/a> aircraft parts and storing them in local warehouses for on-demand access in a bid to sidestep supply chain gridlocks from planemarkers. The Abu Dhabi-based carrier is also rolling out a USD 1 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/303db5cb-ecfd-4563-bb5a-9faccc561e8a\" style=\"\" rel=\"noopener\">retrofit program<\/a> for its existing fleet. The airline is aiming to add 22 aircraft to its fleet this year, part of its push to reach 170 jets by 2030, CEO Antonoaldo Neves <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a418a0ff-9f74-4d01-bbc5-c54e0abc7e6e\" style=\"\" rel=\"noopener\">said<\/a> earlier this year.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gitex.com\/\" style=\"\" rel=\"noopener\">GITEX Global<\/a><\/strong><strong> kicked off earlier this week and is running until tomorrow <\/strong>at the Dubai World Trade Center. The tech expo gathers major industry players including from G42 and Cerebras, as well as government officials, and innovators under one roof to showcase developments in AI, cloud computing, cybersecurity, quantum technologies, and digital infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/initiatives.weforum.org\/future-of-growth-initiative\/gfc\" style=\"\" rel=\"noopener\">The Global Future Councils<\/a><\/strong><strong> annual meet wraps today in Dubai<\/strong>. Hosted by the UAE government in collaboration with the World Economic Forum, the annual summit convenes leaders, ministers, and industry experts to shape policy frameworks on global issues, including energy transition, future cities, and the governance of emerging technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong> It\u2019s day four of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/\" style=\"\" rel=\"noopener\">World Bank and IMF annual meetup<\/a><\/strong><strong> in Washington. <\/strong> The IMF\u2019s World Economic Outlook, which noted the global economy\u2019s \u201cunexpected resilience\u201d despite global tariff war uncertainty weighing on growth, was out yesterday. We have <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evolveshow.ae\/en\" style=\"\" rel=\"noopener\">Evolve Future Mobility Show<\/a><\/strong><strong> is running from today until Saturday<\/strong> at the Expo Center in Sharjah. The event will host 200 international exhibitors as well as industry leaders, policymakers, and entrepreneurs, to explore the use of EV technology in key sectors of sustainable mobility.<\/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>The tenuous Israel-Hamas peace agreement is still dominating headlines<\/strong>, as Hamas returns more bodies of hostages and says it has now returned all the bodies it is able to reach, and needs more time and specialized equipment to recover others. Meanwhile, Israel has threatened to return to war and \u201cdefeat Hamas\u201d if it does not uphold its side of the agreement, which also includes Hamas\u2019\u2019 total disarmament. Some 19 bodies have yet to be returned. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-15\/gaza-aid-flows-stumble-as-israel-hamas-deal-has-uncertain-start?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c3w9py9940go\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9cc21919-1a51-4248-813a-513287e41b2f\" style=\"\" rel=\"noopener\">Financial Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, sources said work has already begun on an international stabilization force<\/strong> that would go to Gaza and stabilize security amid tensions between Hamas and Israeli militants in the strip. The US is in talks with officials from Indonesia, the UAE, Egypt, Qatar and Azerbaijan, on their involvement as part of the force. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/planning-underway-international-force-gaza-says-us-adviser-2025-10-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO GETTING ATTENTION- US President Donald Trump is threatening to launch military strikes in Venezuela<\/strong>, after authorizing the Central Intelligence Agency to conduct covert strikes there as part of a campaign against drug trafficking. (<a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/national-security\/trump-authorizes-cia-covert-operations-in-venezuela-b28dbbd2?mod=hp_lead_pos3\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/live\/2025\/oct\/15\/donald-trump-federal-government-shutdown-redistricting-voting-rights-act-kash-patel-us-politics-live-news-updates\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/10\/15\/us\/politics\/trump-covert-cia-action-venezuela.html\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- Levels of carbon dioxide surged at record levels in 2024<\/strong>, as record additions of renewable energy capacity failed to put the world on track to meet its climate targets for 2030, a report by the International Renewable Energy Agency said. The ongoing burning of fossil fuels, along with a surge in wildfires, are to blame, IRENA said. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/cop\/record-global-renewable-energy-growth-remains-short-climate-target-report-says-2025-10-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2025\/oct\/15\/record-leap-in-co2-fuels-fears-of-accelerating-global-heating\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.&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 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id=\"108517\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/mgx-blackrock-take-over-aligned-data-centers-for-usd-40-bn\/\">\r\n                            MGX, BlackRock take over Aligned Data Centers for USD 40 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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          <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108518\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/mgx-blackrock-take-over-aligned-data-centers-for-usd-40-bn\/237-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"237.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108517\" class=\"content-area-description single-story post-108517 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-artificial-intelligence tag-blackrock tag-data-centers tag-enterpriseam-uae tag-ma-watch tag-mgx 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\/.814b29d5-f286-4c00-8687-5aae3233ed15.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>MG<\/strong><strong>X, BlackRock seal record Texas data center takeover: <\/strong>Abu Dhabi state AI investor MGX and BlackRock\u2019s Global Infrastructure Partners (GIP) agreed to fully acquire Texas-based Aligned Data Centers from Macquarie Asset Management and its partners in a transaction valuing the company at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/614d785f-6a9e-486c-affa-3d93be934a30\/this-morning:-binghatti-taps-banks-for-ipo-%2B-opec%2B-agrees-to-another-production-hike-in-november\" style=\"\" rel=\"noopener\">around USD 40 bn<\/a>, according to <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20251014427963\/en\/AI-Infrastructure-Partnership-AIP-MGX-and-BlackRocks-Global-Infrastructure-Partners-GIP-to-Acquire-All-Equity-in-Aligned-Data-Centers\" style=\"\" rel=\"noopener\">a joint statement<\/a>, confirming reports from Bloomberg earlier last week. The move, which is said to be the largest global data center buyout yet, is expected to close in 1H 2026, pending regulatory approvals. <\/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 transaction marks the first investment under a vehicle launched by MGX, BlackRock, GIP, <\/strong><strong style=\"background-color: transparent;\">Microsoft, and Nvidia last year<\/strong><span style=\"background-color: transparent;\">, named the Artificial Intelligence Infrastructure Partnership (AIP), to deploy capital into AI infrastructure. The platform aims to mobilize some USD 30 bn in equity, potentially reaching USD 100 bn including debt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aligned?<\/strong> Aligned operates 50 data campuses across the US and Latin America, offering over 5 GW of operational and planned capacity to hyperscale and enterprise clients. The company will continue to be led by CEO Andrew Schaap from its Dallas headquarters. It currently has roughly 600 MW of live capacity and 700 MW under construction, according to Bloomberg data provider DC Byte, positioning it to benefit from surging demand for hyperscale computing power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cTo me, this is a perfect marriage of Abu Dhabi\u2019s ecosystem and its commitment to AI<\/strong>, <strong>combined <\/strong><strong>with the strength of BlackRock and GIP,\u201d<\/strong> BlackRock CEO Larry Fink told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f7f0457a-df43-44a2-bfa8-4e3d7dbcf2b8\" style=\"\" rel=\"noopener\">Financial Times<\/a>. The agreement follows Aligned\u2019s USD 12 bn equity and debt raise earlier this year, led by Macquarie-managed funds, and comes as investors worldwide race to claim exposure to the AI infrastructure boom, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-15\/blackrock-s-gip-buys-aligned-data-centers-in-40-billion-ai-bet\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some 20 GW of both cloud and AI capacity a year are expected to come online<\/strong>, about half of which is in the US, MGX CEO Ahmed Yahia Al Idrissi told FT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plans post-acquisition?<\/strong> Fink said the partnership allows large tech companies to lease purpose-built, high-density data centers rather than build and finance them directly, effectively keeping such infrastructure off their balance sheets and preserving higher valuations. The partnership combines capital, energy expertise, and semiconductor supply chains to address bottlenecks in \u201cland, energy, and materials\u201d needed to support the AI boom, GIP chief Adebayo Ogunlesi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- MGX is stepping up its AI investment drive this year:<\/strong> The firm is eyeing up the launch of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c640923e-39ee-4c5b-8ef9-df9934bc4b2a\/%253cmark%253emgx%253c%2Fmark%253e-is-reportedly-eyeing-usd-25-bn-in-external-investments\" style=\"\" rel=\"noopener\">USD 25 bn fund<\/a> for AI infrastructure investments, committing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e9721a7-9b81-43d6-8010-2cba5e142991\/g42-to-develop-stargate-uae-alongside-us-ai-powerhouses\" style=\"\" rel=\"noopener\">USD 100 bn<\/a> to the first phase of the Stargate AI infrastructure fund, pledging USD 30-50 bn of initial investments in data centers in France, and backing GIP\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/15281c45-4a21-43a3-b3c6-4f3c8781c388\/big-moves-from-g42-and%253cmark%253e-mgx%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 30 bn<\/a> AI infrastructure fund. It also recently invested in OpenAI as part of its latest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f5a1262e-4fb4-4af9-9753-01b2c7131546\/openai-hits-usd-500-bn-valuation-as-staff-share-sale-fuels-chipmaker-rally\" style=\"\" rel=\"noopener\">secondary share sale<\/a>, and in San Francisco-based software company <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%253cmark%253e-mgx%253c%2Fmark%253e-invests-in-databricks,-openai-again\" style=\"\" rel=\"noopener\">Databricks<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come? <\/strong>The state AI investor was also reportedly in early talks with AI firm Anthropic when Anthropic CEO Dario Amodei was on a tour in the Middle East this month, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-15\/anthropic-ceo-held-funding-talks-with-mgx-during-mideast-tour?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The firm is eyeing a USD 170 bn valuation with a USD 5 bn new funding round set to be led by Iconiq Capital, with potential investments from the the Qatar Investment Authority and Singapore\u2019s sovereign fund GIC. This comes shortly after a note to staff from Anthropic CEO Dario Amodei said he\u2019s looking towards the region for funding despite still holding it in contempt<\/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\/blackrock\/\">BlackRock<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/data-centers\/\">Data centers<\/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\/mgx\/\">MGX<\/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=\"108519\" 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=\"108519\">\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\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-swap\/\">\r\n                            Multiply to acquire 2PointZero and Ghitha in share swap, creating AED 120 bn entity                        <\/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\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-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\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-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\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-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=Multiply to acquire 2PointZero and Ghitha in share swap&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-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\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-swap\/&title=Multiply to acquire 2PointZero and Ghitha in share 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=Multiply+to+acquire+2PointZero+and+Ghitha+in+share+swap+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F16%2Fmultiply-to-acquire-2pointzero-and-ghitha-in-share-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\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-swap\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2523.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108520\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/multiply-to-acquire-2pointzero-and-ghitha-in-share-swap\/2523-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2523.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2523.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2523.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2523.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108519\" class=\"content-area-description single-story post-108519 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abu-dhabi tag-ghitha-holding tag-ma tag-ma-watch tag-multiply-group 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\/.be88f0a8-3422-4dc6-8cc1-ccd738e8e20f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Multiply plots 2PointZero-Ghitha merger: <\/strong>Abu Dhabi-listed Multiply Group\u2019s board approved plans to take full ownership of its IHC-linked peers 2PointZero and Ghitha Holding through a share swap, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/724.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The transaction, which is currently under review, would consolidate the three under a single listed entity creating one of the emirate\u2019s most diversified investment conglomerates. Further details are set to be announced following shareholder and regulatory clearance. <\/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 pitch:<\/strong><span style=\"background-color: transparent;\"> Multiply described the merger as a \u201cstrategic acquisition via reorganization\u201d aimed at improving operational efficiency and deepening exposure to high-growth, sustainability-linked sectors. The company said 2PointZero brings exposure to energy transition and AI-driven investments, while Ghitha contributes a vertically integrated food-and-agri platform key to the UAE\u2019s food-security agenda.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in the making: <\/strong>The combined entity would have around AED 120 bn in assets across 85 countries, spanning energy, food, logistics, packaging, mining, apparel, media, mobility and beauty, with the aim of serving 1 bn people globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All staying within the family:<\/strong> All three firms sit within the IHC ecosystem, which remains the common shareholder driving the consolidation. IHC owns about <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d6306190-3d8d-4978-8256-05e11406e561\/new-ihc-holdco%253cmark%253e-2pointzero%253c%2Fmark%253e-launches,-holds-aed-100-bn-portfolio\" style=\"\" rel=\"noopener\">87% of 2PointZero<\/a>, its dedicated energy, mining, and financial services arm, while it is a majority shareholder in Multiply. Ghitha, meanwhile, sits within IHC\u2019s food and agriculture cluster, where IHC holds a majority indirect stake through Alpha Dhabi Holding and other subsidiaries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Multiply will issue 23.36 bn new shares to 2PointZero and Ghitha Holding\u2019s shareholders in exchange for their shares. The move would bring the merged entity\u2019s capital base to AED 8.64 bn up from AED 2.8 bn, increasing its total outstanding shares to 34.56 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes amid a broader reorganization of Multiply\u2019s portfolio.<\/strong> Earlier this week, the group exited district cooling through the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f5a8498-d89b-4e39-a2c6-b9638ecad347\/this-morning:-sharjah-eyes-rmb-denominated-loan-%2B-emirates-nbd-back-in-talks-with-india%25e2%2580%2599s-rbl-bank%3F\" style=\"\" rel=\"noopener\">AED 3.9 bn<\/a> sale of Pal Cooling Holding to Tabreed and CVC DIF, freeing up capital for new verticals. It has also acquired <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ede1d881-1068-40e9-a686-d41bd33e4a3a\/%253cmark%253emultiply%253c%2Fmark%253e-group-to-snap-up-60.8%2525-of-italian-luxury-packager-isem\" style=\"\" rel=\"noopener\">Italy\u2019s ISEM Packaging Group<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4ce38a12-074f-40fd-8600-1bcfb327225d\/%253cmark%253emultiply%253c%2Fmark%253e-group-is-the-new-majority-shareholder-of-spanish-retail-group-tendam\" style=\"\" rel=\"noopener\">Tandem in Spain<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>2PointZero was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">preparing a float on the ADX<\/a> this year, which IHC executives said would unlock fresh capital for growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market r<\/strong><strong>eax<\/strong><strong>: <\/strong>Multiply\u2019s stock shed 1.6% on the ADX yesterday to close at AED 3.1.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ghitha-holding\/\">Ghitha Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/multiply-group\/\">Multiply Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108521 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=\"108521\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/108521-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108521\" class=\"content-area-description single-story post-108521 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=\"108522\" 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=\"108522\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/alecs-shares-gain-0-7-on-debut\/\">\r\n                            Alec\u2019s shares gain 0.7% on debut                        <\/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\/16\/alecs-shares-gain-0-7-on-debut\/\" 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\/16\/alecs-shares-gain-0-7-on-debut\/')\">\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\/16\/alecs-shares-gain-0-7-on-debut\/\">\n                    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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/372.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108523\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/alecs-shares-gain-0-7-on-debut\/372-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/372.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"372.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/372.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/372.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108522\" class=\"content-area-description single-story post-108522 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-construction tag-dfm tag-enterpriseam-uae tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.6f0f8590-e029-48e6-83c4-9cf3a8ef7040.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alec <\/strong><strong>shares rise on debut: <\/strong>Shares of Alec Holdings inched up 0.7% to close at AED 1.41 apiece on their first day of trading on the DFM, according to market data. The stock earlier touched a high of AED 1.50, with around 128.4 mn shares changing hands across 4.2k transactions, generating AED 186.4 mn in turnover. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> Alec floated 20% of its total capital in an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aeb204dd-d69d-401c-a754-4b23ed1c6b99\/%253cmark%253ealec%253c%2Fmark%253e%25e2%2580%2599s-dubai-ipo-to-closed-21x-oversubscribed,-raises-aed-1.4-bn\" style=\"\" rel=\"noopener\">AED 1.4 bn offering<\/a> priced at the top of its range at AED 1.40 a share, giving the company a market cap of around AED 7 bn at listing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Part of Dubai\u2019s privatization lineup:<\/strong><span style=\"background-color: transparent;\"> The construction and engineering firm, part of the Investment Corporation of Dubai\u2019s (ICD) portfolio, is the seventh company to IPO under the emirate\u2019s privatization drive following in the footsteps of <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a73ac530-debb-4dcc-a9b7-eaa8a4ab3b90\/first-ipo-of-the-year-was-165x-oversubscribed\" rel=\"noopener\">Parkin<\/a><span style=\"background-color: transparent;\">, <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6d10d6c-2025-4819-8531-8ad557ef6315\/dubai'\" rel=\"noopener\">Dewa, Dubai Taxi, Salik, Tecom, and Empower<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN <\/strong><strong>CONTEXT- IPO activity has been somewhat subdued this year<\/strong>, with only one other listing on the DFM, namely Dubai Residential REIT in May. Still, the real estate angle proves promising for Alec. Its pipeline spans large-scale <a target=\"_blank\" href=\"https:\/\/www.alec.ae\/our-projects\" style=\"\" rel=\"noopener\">residential, hospitality, and<\/a><a target=\"_blank\" href=\"https:\/\/www.alec.ae\/our-projects\" style=\"\" rel=\"noopener\">mixed-use projects<\/a> across Dubai and Saudi Arabia, placing it among the key contractors poised to gain from the UAE\u2019s ongoing construction and property upswing. The company\u2019s listing gives investors direct exposure to the region\u2019s infrastructure and real estate growth cycle at a time when <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/25a21bb9-10ac-4bbe-bae3-0872988bebdf\/dubai-property-defies-summer-slump\" style=\"\" rel=\"noopener\">project activity remains healthy<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Our friends at EFG Hermes acted as joint bookrunners on the transaction alongside Abu Dhabi Commercial Bank. They were joined by Emirates NBD Capital and JP Morgan as joint global coordinators and bookrunners, while Moelis served as independent financial adviser. Gibson, Dunn &amp; Crutcher, and Ibrahim &amp; Partners provided counsel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN THE PIPELINE:<\/strong><\/p>\n<ul>\n<li>Dubai-based property and classifieds platform <strong>Dubizzle Group Holding<\/strong> will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/729107ba-c701-4334-928b-dd4de21fc54f\/dubizzle-pulls-the-trigger-on-its-long-awaited-dubai-ipo\" style=\"\" rel=\"noopener\">open subscriptions<\/a> for its hybrid offering of a 30% stake next week;<\/li>\n<li><strong>Dubai Investments<\/strong> plans to list 25% of Dubai Investments Park;<\/li>\n<li><strong>Amanat Holding<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6119f876-483c-45b9-94c4-d074bae2dbe6\/%253cmark%253eamanat%253c%2Fmark%253e-holdings%25e2%2580%2599-almasar-education-is-gearing-up-to-debut-a-30%2525-stake-on-tadawul\" style=\"\" rel=\"noopener\">secured regulatory approval<\/a> to list 30% of its education unit in Saudi Arabia\u2019s Tadawul; with potential plans to also float its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare arm<\/a> ;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c3696ab-832e-4ac4-a9a2-ad18cf721ccd\/this-morning:-dubai-property-boom-fuels-expansion-for-emaar,-prompts-potential-binghatti-ipo\" style=\"\" rel=\"noopener\">Binghatti<\/a><\/strong> was the latest to join the UAE real estate IPO frenzy earlier this month as it tapped banks for a potential IPO, joining <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2891ea32-f405-482f-853e-21ad2ee3d140\/arabian-construction-company-taps-hsbc,-fab-for-its-upcoming%253cmark%253e-ipo%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Arabian Construction<\/a> ;<\/li>\n<li><strong>Emirates Global Aluminium <\/strong>could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da43f6f3-1231-45c1-800b-bbed1e375942\/%253cmark%253eega%253c%2Fmark%253e-to-revive-ipo%3F\" style=\"\" rel=\"noopener\">reviving plans<\/a> for a potential IPO that could rank among the region\u2019s largest;<\/li>\n<li>ADQ-backed <strong>Etihad Airways <\/strong>highly-anticipated IPO was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/695e2b55-e32c-477c-b179-a8faf913cae0\/this-morning:%253cmark%253e-etihad%253c%2Fmark%253e-to-push-back-its-ipo-to-after-eid-al-fitr-%2B-real-gdp-grew-3.8%2525-in-9m-2024\" style=\"\" rel=\"noopener\">expected to kick off after Eid Al Fitr<\/a> but could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca682210-f8e1-43f9-8975-2fe56c765b52\/could-etihad-airways%25e2%2580%2599-highly-anticipated%253cmark%253e-ipo%253c%2Fmark%253e-be-pushed-again-to-2026%3F\" style=\"\" rel=\"noopener\">delayed to 2026<\/a> ;<\/li>\n<li><strong>Dubai Holding<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">plans to float<\/a> two of its property portfolio units;<\/li>\n<li><strong>Abu Dhabi Investment Group<\/strong> is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">eyeing listings<\/a> for its financial unit and energy subsidiary this year;<\/li>\n<li>Hospitality group <strong>Five Holdings<\/strong> also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">tapped<\/a> advisors for a potential listing;<\/li>\n<li>Shisha producer <strong>Advanced Inhalation Ritual<\/strong> is also rumored to potentially IPO.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108524\" 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=\"108524\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/no-sign-of-a-slowdown-on-day-four-of-gitex\/\">\r\n                            No sign of a slowdown on day four of Gitex                        <\/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\/16\/no-sign-of-a-slowdown-on-day-four-of-gitex\/\" 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 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/no-sign-of-a-slowdown-on-day-four-of-gitex\/1288-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1288.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1288.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1288.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1288.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108524\" class=\"content-area-description single-story post-108524 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-e tag-edge-group tag-enterpriseam-uae tag-healthcare tag-tech tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.96461389-d382-4d7f-9c0d-abcd6fa52425.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Day four of Gitex closed out on a high<\/strong>, with the event seeing a raft of agreements inked on autonomous transport, energy, and of course \u2014 AI.<\/p>\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Abu Dhabi\u2019s<\/strong><strong> Department of Municipalities and Transport (DMT<\/strong><strong>) inked 10 AI-focused <\/strong><strong>MoUs <\/strong>to accelerate AI-powered urban management, mobility, and digital transformation across Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/department-of-municipalities-and-transport-signs-ten-memorandums-of-understanding-at-gitex-global-2025-b3l66qtu\" style=\"\" rel=\"noopener\">press release<\/a>. DMT\u2019s Integrated Transport Center (ITC) signed agreements with UAE-based mobility technology company K2 and regional transport engineering and innovation firm Tatweer Middle East &amp; Africa to develop autonomous transport systems \u2014 including robotaxis, robodelivery units, automated parking, and connected-vehicle technologies \u2014 alongside studies on regulatory frameworks and fleet management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the smart city front<\/strong>, DMT and UAE-based tech Origen Technology will establish a smart city platform, an AI-powered video management system to support public safety and traffic oversight, and a platform for citizens to access government services. The department will also work with Abu Dhabi-based technology and innovation company Analog Studios on digital twins, robotics, and command-and-control platforms, and with Chinese video surveillance and IOT solutions provider HIKVISION on AI analytics, cloud systems, and proof of concept projects in smart city applications. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other AI and cloud partnerships DMT signed include: <\/strong> <\/p>\n<ul>\n<li><strong>An agreement with e&amp; to deploy AI-powered drones<\/strong> that conduct infrastructure inspections and coastal analysis, and collect data on traffic and crowds, and 3D mapping;<\/li>\n<li><strong>An agreement with France\u2019s technology and consultation firm Capgemini <\/strong>on AI adoption to improve municipal and transport operations, covering infrastructure management, public services delivery, and smart mobility.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Space42, Korea\u2019s Autonomous A2Z partner on self-driving:<\/strong> AI-powered space tech firm Space42 and South Korea\u2019s <a target=\"_blank\" href=\"https:\/\/autoa2z.ai\/\" style=\"\" rel=\"noopener\">Autonomous A2Z<\/a> are forming a JV focused on autonomous driving solutions across MENA, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/space42-and-autonomous-a2z-partner-to-advance-smart-mobility-ecosystem-in-the-uae-ful19x7r\" style=\"\" rel=\"noopener\">press release<\/a>. The JV will be based in Abu Dhabi and aims to deploy and commercialize the systems to create a wider self-driving ecosystem in the emirate. The tie-up targets level 4 autonomous driving, which sees vehicles operate without any human involvement within a designated area.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Edge, e&amp; to roll out first drone traffic system in Abu Dhabi: <\/strong>UAE defense group Edge signed an MoU with telco e&amp; to deploy and operate the region\u2019s first unmanned traffic management system in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/edgegroupuae.com\/news\/edge-and-e-pioneer-regions-unmanned-traffic-management-utm-solution-abu-dhabi\" style=\"\" rel=\"noopener\">press release<\/a>. The system will provide real-time monitoring and coordination among drone operators to improve airspace safety and efficiency, supporting applications such as emergency response, logistics, and environmental monitoring.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- du to modernize DTC\u2019s core systems: <\/strong><a target=\"_blank\" href=\"https:\/\/www.du.ae\/personal\" style=\"\" rel=\"noopener\">du<\/a> inked an MoU with <a target=\"_blank\" href=\"https:\/\/www.dubaitaxi.ae\/en\" style=\"\" rel=\"noopener\">Dubai Taxi Company<\/a> (DTC) to migrate and modernize the company\u2019s core operational system on the du National Hypercloud, according to a <a target=\"_blank\" href=\"https:\/\/www.du.ae\/about\/media-centre\/newsdetail\/du-signs-a-memorandum-of-understanding-with-dubai-taxi\" style=\"\" rel=\"noopener\">press release<\/a>. The tie-up will see du automate DTC\u2019s databases and speed up compute processing capabilities for its core operations to boost efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>du launched its National Hypercloud initiative <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/731d817e-9a9d-4711-ba6f-c90eb12c2d51\/first-private-developer-select-enters-palm-jebel-ali-%2B-gems-launches-school-in-a-box-venture\" style=\"\" rel=\"noopener\">in the summer<\/a> \u2014 an initiative developed in collaboration with US-based IT firm Oracle, targeting government entities and large enterprises requiring data sovereignty. Data is stored within UAE borders using Oracle\u2019s infrastructure and du\u2019s data centers.<\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>A<\/strong><strong> unified emissions MRV system: <\/strong>The Climate Change and Environment Ministry rolled out the country\u2019s first integrated Measurement, Reporting, and Verification (MRV) system, consolidating the monitoring and reporting of greenhouse gas emissions and air pollutants under one system, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bm7tukt-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%B7%D9%84%D9%82-%D8%A7%D9%84%D9%86%D8%B8%D8%A7%D9%85-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A-%D9%84%D9%84%D9%82%D9%8A%D8%A7%D8%B3-%D9%88%D8%A7%D9%84%D8%A5%D8%A8%D9%84%D8%A7%D8%BA\" 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>Cutting red tape: <\/strong>The platform shortens the emissions inventory reporting progress, cutting preparation time from <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/uae-unveils-national-mrv-system-to-support-2050-net-zero-goals-q79ww41b\" style=\"\" rel=\"noopener\">15 months<\/a> to just three months by simplifying procedures from 11 manual steps to four automated ones. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Ministry also rolled out a platform that uses smart analytics to identify high-impact projects for emissions reduction and resource optimization<\/strong>, named the Global Energy Efficiency Alliance, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bm7tuny-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D9%88%D8%A7%D9%84%D8%A8%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AD%D8%AA%D9%8A%D8%A9-%D8%AA%D8%B7%D9%84%D9%82-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%B1%D9%82%D9%85%D9%8A%D8%A9-%D9%85%D8%AA%D9%83%D8%A7%D9%85%D9%84%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. It also launched a national green certificates program, which uses AI to assess and certify sustainable buildings based on energy, water efficiency, and urban design quality.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- And portable clean power batteries rolled out: <\/strong>Al Masaood Power, part of Al Masaood Group, inked an MoU with Germany\u2019s Instagrid to roll out professional-grade portable, no-emission battery systems, according to a <a target=\"_blank\" href=\"https:\/\/instagrid.co\/blog\/instagrid-partners-with-al-masaood-to-bring-clean-portable-power-to-the-uae\" style=\"\" rel=\"noopener\">statement<\/a>. The partnership will introduce high-capacity mobile power units to professional and industrial users, replacing conventional fuel-powered generators. The batteries \u2014 designed to deliver reliable, flexible, and zero-emission power \u2014 can <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/utilities\/al-masaood-instagrid-to-launch-first-portable-green-battery-system-to-uae-cyxi71br\" style=\"\" rel=\"noopener\">fully charge<\/a> in under three hours.<\/p>\n<p class=\"tag-border-left\">HEALTH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi launches AI-powered health platform: <\/strong>Abu Dhabi\u2019s Department of Health, in partnership with Microsoft, launched the Population Health Intelligence (PHI) platform, described as the world\u2019s first AI-based population health system of its size, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bm7u2d8-department-health-abu-dhabi-unveils-world%E2%80%99s-first\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The platform uses AI and analytics to build a digital version of Abu Dhabi\u2019s healthcare system, combining clinical, lifestyle, and environmental data to track health risks across the emirate\u2019s population and model interventions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Focus areas: <\/strong>The PHI platform will initially target obesity and cancer, using predictive insights to guide early detection and prevention efforts aimed at reducing disease rates and improving public health outcomes.<\/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\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108526 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=\"108526\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/108526-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108526\" class=\"content-area-description single-story post-108526 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\/10\/454.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=\"108527\" 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=\"108527\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/uae-venture-funding-up-188-in-9m-amid-foreign-capital-surge\/\">\r\n                            UAE venture funding up 188% in 9M amid foreign capital surge                        <\/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\/16\/uae-venture-funding-up-188-in-9m-amid-foreign-capital-surge\/\" 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 number of transactions also rose, increasing 5% to 164 in total and putting it in third place among emerging markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Behind the figures: <\/strong><span style=\"background-color: transparent;\">The UAE saw a rebound in mega transactions \u2014 totaling USD 653 mn after none were recorded in 2024 \u2014 alongside strong non-mega activity, which rose 57% y-o-y to USD 775 mn during the period. Interest from international investors, robust sovereign wealth support, and large transactions helped the UAE\u2019s venture capital scene defy a general downturn in funding in emerging markets as transaction activity dropped 18% y-o-y.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Megarounds drove growth: <\/strong>The UAE accounted for more than half of the total USD 3 bn in capital deployed across the MENA region, driven by large rounds for <a target=\"_blank\" href=\"https:\/\/xpanceo.com\/\" style=\"\" rel=\"noopener\">XPANCEO<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/41ce59ae-2301-4855-9e45-dc91dc3ca3ad\/smart-contact-lens-startup%253cmark%253e-xpanceo%253c%2Fmark%253e-joins-unicorn-club\" style=\"\" rel=\"noopener\">raising USD 250 mn in a Series A round<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.airalo.com\/?srsltid=AfmBOoqOoKiLZKJn6jF1rXE-Fc1TOXlM0H_RDjjtgQnfQi2CG_l8XYYe\" style=\"\" rel=\"noopener\">Airalo<\/a> \u2019s USD 220 mn in a Series C round.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Early-stage funding was also strong<\/strong>, with capital allocations for pre-seed and seed funding rounds up 11% y-o-y across 81 transactions in 9M 2025, pointing to a robust venture capital pipeline. They accounted for the bulk (87%) of investments. Series A and B rounds reached record high of USD 819 mn during the period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 3Q 2025, non-mega funding grew 51% y-o-y<\/strong>, supported by a maturing mid-stage pipeline, with Series A up 75% \u2014 accounting for 7% of all transactions \u2014 and Series B up more than tenfold, accounting for 5%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Broad-based growth: <\/strong>\u201cWhile the record-breaking 3Q performance was amplified by large rounds, the sustained quarterly growth in non-MEGA activity since 3Q 2024 shows a deepening pipeline rather than short-term concentration,\u201d MAGNiTT CEO Philip Bahoshy told EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors are dominating the landscape and fueling investment: <\/strong>The majority of capital deployed in UAE startups in 9M 2025 \u2014 around 82% \u2014 came from non-UAE investors, while four of the top five investors by deployed capital were foreign, Bahoshy said. US-based funds were among the most active, accounting for 30% of unique investors, while UAE-based investors made up just 19%, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A regional FDI magnet: <\/strong>\u201cThis shift shows the government\u2019s role has become catalytic creating the regulatory and infrastructure base while global investors increasingly power late-stage growth, positioning the UAE as a regional magnet for international capital rather than a state-driven market,\u201d Bahoshy said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is in-keeping with the regional trend: <\/strong>International investors for the first time in years deployed more capital than local investors in 3Q 2025, accounting for 59% of funding, according to the report. A lot of that was concentrated in late-stage funding rounds, with 64% of capital in USD 20 mn+ transactions coming from international players, and 85% of Series A capital coming from foreign players, highlighting their booming role as anchors for the region\u2019s scaling startups. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE also led the pack in terms of exits from fintech startups<\/strong> with 15 transactions, up from last year\u2019s 11.<\/p>\n<p class=\"tag-border-left\"> THE REGIONAL PICTURE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A record 9M for the region: <\/strong>MENA startups raised over USD 3 bn across 469 transactions by September\u2019s end \u2014 that\u2019s more than double last year\u2019s total and, for the first time, surpasses the longtime emerging market leader Southeast Asia, which trailed with USD 2.5 bn, according to Magnitt\u2019s press release. Southeast Asia was hit hard with a 48% decline in startup funding, logging its weakest quarter in seven years, while emerging venture markets saw a 6% y-o-y decline in funding to USD 6.56 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The third quarter was MENA\u2019s strongest on record<\/strong>, with USD 1.2 bn raised (up 121% y-o-y). This suggests a \u201cpotential shift in global capital allocation,\u201d though a longer period is needed to confirm a permanent trend, Bahoshi told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mid-stage funding \u2014 Series A and B \u2014 led activity<\/strong>, surging 205% y-o-y to USD 1.4 bn in 9M 2025. The early-stage pipeline also remains robust, with pre-seed rounds rising 30% y-o-y, signaling a healthy influx of new founders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fintech startups are still taking the lead<\/strong>, attracting USD 965 mn (up 97% y-o-y) and representing over a quarter of all transactions. Growth was supported by open banking frameworks, major regional events, and large Saudi tickets. Enterprise software also gained momentum, rising to USD 320 mn across 52 transactions, up from USD 70 mn across 44 in the same period last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rising exits and liquidity: <\/strong>Merger and acquisition activity doubled to 40 transactions in the first nine months of 2025 \u2014 a three-year high and a sign of a \u201chealthier, more liquid ecosystem,\u201d Bahoshy said. Exits were concentrated in the UAE (15) and Egypt (13), due to their mature buyer bases and ecosystems. However, \u201cthe exit challenge is more acute in the UAE and Egypt than it is in Saudi Arabia,\u201d as the more mature startups in both countries are on the search for liquidity to survive the global extension of the average 7-year path to an exit, according to Bahoshi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>4Q to keep the momentum going: <\/strong>Magnitt expects the remaining months of 2025 to see \u201csustained momentum and measured optimism,\u201d bolstered by continued public-private collaboration and institutional capital flowing into emerging markets.<\/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\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/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=\"108529\" 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=\"108529\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/wood-ceo-to-step-down-after-sidara-takeover-vote-new-names-at-the-top-at-talabat-shuaa-and-adia-labs\/\">\r\n                            Wood CEO to step down after Sidara takeover vote + New names at the top at Talabat, Shuaa, and Adia Labs                        <\/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\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/853.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108530\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/wood-ceo-to-step-down-after-sidara-takeover-vote-new-names-at-the-top-at-talabat-shuaa-and-adia-labs\/853-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/853.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"853.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/853.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/853.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108529\" class=\"content-area-description single-story post-108529 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-moves tag-shuaa-capital tag-sidara tag-talabat 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\/.a6248c74-aee1-4d34-9ab6-7e91eb65ed8d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>UK-listed John Wood Group <\/strong><strong>CEO and board director Ken Gilmartin (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ken-gilmartin-763b76b\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) w<\/strong><strong>ill step down following the upcoming shareholder vote on the company\u2019s takeover<\/strong> <strong>by Dubai-based Sidara<\/strong>, which will take place on 12 November, the company said in a <a target=\"_blank\" href=\"https:\/\/www.woodplc.com\/news\/latest-press-releases\/2025\/board-changes\" style=\"\" rel=\"noopener\">statement<\/a>. Interim CFO Iain Torrens (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/iain-torrens-309b98347\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) will assume the top role upon Gilmartin\u2019s departure, while the search for a new CFO is underway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REFRESHER- <\/strong><span style=\"background-color: transparent;\">Sidara agreed <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4bbc94f8-d790-4ba3-877d-7d44ac68ea43\/%253cmark%253esidara%253c%2Fmark%253e-to-acquire-uk%25e2%2580%2599s-wood-group-for-gbp-216-mn\" rel=\"noopener\">last month<\/a><span style=\"background-color: transparent;\"> to acquire Wood Group in a GBP 216 mn transaction, including a USD 450 mn capital injection to stabilize the debt-laden firm. The transaction \u2014 expected to close in 1H 2026 \u2014 will see Wood become Sidara\u2019s energy and materials division while retaining its brand. The takeover was a long time in the making, with talks and various bids being offered for over a year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story got ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/wood-group-ceo-exit-following-sidara-takeover-vote-2025-10-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-15\/wood-group-ceo-gilmartin-to-step-down-after-sidara-takeover-vote\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Talabat <\/strong><strong>taps new CEO following resignation: <\/strong>Tomaso Rodriguez (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/tomasorodriguez\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Talabat Holding\u2019s chief executive officer (CEO), has resigned from his position after six years in the role, effective from 20 November, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/761.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The executive will continue to serve the company as a member of the board, as part of a planned leadership transition. Rodriguez will be succeeded by Toon Gyssels (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/toon-gyssels\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who will be returning to the company as CEO, as of 21 November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The returning CEO: <\/strong>Gyssel\u2019s previous four-year tenure at the firm included serving as chief operating officer (COO) and later as interim CEO. He most recently served as COO at cloud kitchen unicorn Kitopi and also headed up its OnDemand unit, and previously worked at McKinsey &amp; Company prior to joining Talabt.<\/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>Shuaa <\/strong><strong>Capital CRO exec resigns: <\/strong>Dominik Piotr, Shuaa Capital\u2019s chief risk officer (CRO), has resigned after <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/32aa4aa2-501b-4148-a8c7-3c8f24588638\/shuaa-capital-appoints-three-new-hires-to-management-team\" style=\"\" rel=\"noopener\">just one month<\/a><\/strong> in the position, citing personal reasons, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/744.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. Piotr will continue in his role until his notice period finishes at the end of this month. The Dubai-based investment platform had also recently tapped new heads of marketing and investor relations, as well as asset management.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Dubai appoints new assistant secretary general to Executive Council: <\/strong>Dubai Crown Prince and Executive Council Chairman Hamdan bin Mohammed bin Rashid Al Maktoum appointed Sabah Salem Al Shamsi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sabah-al-shamsi-30081618\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as Assistant Secretary General for Government Communication and General Secretariat Affairs, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bm7u2dc-hamdan-bin-mohammed-appoints-new-assistant\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The appointment took effect on 1 October 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Adia Lab adds two Nobel laureates to advisory board: <\/strong>Abu Dhabi-based computational science research institution Adia Lab has appointed Robert F. Engle, the 2003 Nobel laureate in economics, and Sir Konstantin Novoselov, the 2010 Nobel laureate in physics, to its advisory board, according to a <a target=\"_blank\" href=\"https:\/\/www.adialab.ae\/adialab-news\/adia-lab-appoints-two-nobel-laureates-to-its-advisory-board\" style=\"\" rel=\"noopener\">statement<\/a>. The additions bring the board\u2019s total membership to 12 global experts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who they are: <\/strong>Engle, a professor at NYU Stern, developed the ARCH model that transformed modern financial econometrics, while Novoselov, director of the Institute for Functional Intelligent Materials at the National University of Singapore, is best known for co-discovering graphene.<\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sidara\/\">Sidara<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/talabat\/\">Talabat<\/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=\"108531\" 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=\"108531\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/dana-gas-crescent-petroleum-kick-off-operations-at-khor-mor-expansion-in-iraq-ahead-of-time-cme-group-ubs-expand-in-the-uae\/\">\r\n                            Dana Gas, Crescent Petroleum kick off operations at Khor Mor expansion in Iraq ahead of time + CME Group, UBS expand in the UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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            <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1691.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108532\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/dana-gas-crescent-petroleum-kick-off-operations-at-khor-mor-expansion-in-iraq-ahead-of-time-cme-group-ubs-expand-in-the-uae\/1691-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1691.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1691.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1691.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1691.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108531\" class=\"content-area-description single-story post-108531 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adgm tag-also-on-our-radar tag-capital-markets tag-cme-group tag-dana-gas tag-dubai-international-financial-center tag-energy tag-enterpriseam-uae tag-finance tag-healthcare tag-nmc-healthcare 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\/.d51da203-10c5-40aa-b3bb-d3c601bf9759.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dana Gas + C<\/strong><strong>rescent kick off operations at Khor Mor expansion:<\/strong> UAE-based Dana Gas and Crescent Petroleum have begun commercial gas sales from Iraq\u2019s Khor Mor gas field expansion project ahead of schedule, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/708.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The project, located in the Kurdistan region of Iraq, was previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf12955c-bb94-4c32-80a8-b9f729250071\/this-morning:-dubai-is-now-among-the-20-wealthiest-cities-in-the-world\" style=\"\" rel=\"noopener\">expected<\/a> to come online by 1Q 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;\">The USD 1.1 bn expansion was financed through a mix of loans and bond proceeds<\/strong><span style=\"background-color: transparent;\">, including backing from the Bank of Sharjah and the US International Development Finance Corporation, as well as funds raised through a USD 350 mn senior secured bond issued last year by <\/span><a target=\"_blank\" href=\"https:\/\/www.pearlpetroleum.com\" rel=\"noopener\">Pearl Petroleum<\/a><span style=\"background-color: transparent;\"> \u2014 a consortium led by Dana Gas and Crescent Petroleum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A 50% boost: <\/strong>The project adds 250 mn standard cubic feet (scf\/d) of processing capacity, bringing the field\u2019s total output to around 750 mn scf\/d. The project will also add 7k bbl \/ d of condensate and 460 tonnes per day (t\/d) of LPG to existing output of 15.2k bbl \/ d and 1.1 t\/d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Khor Mor: <\/strong>The gas field <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f59dfd8c-3f2c-4270-bbe0-7ea837bb2e82\/this-morning:-the-uae-leads-the-world-in-entrepreneurship-%2B-rsf-linked-companies-aren%25e2%2580%2599t-licensed-to-operate-in-the-emirates\" style=\"\" rel=\"noopener\">produced<\/a> some 525 mn scf\/d of natural gas in early March, up some 75% since 2017. Khor Mor supplies fuel for some 75% of the Kurdistan Region of Iraq\u2019s electricity generation, serving some 6 mn in the region.<\/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>CME <\/strong><strong>Group expands wit<\/strong><strong>h DIFC office: <\/strong>US-based derivatives marketplace CME Group is opening an office in Dubai International Financial Center (DIFC), marking its entry into the region as it looks to tap into the surge in demand from both institutional and individual clients, according to a <a target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/media-room\/press-releases\/2025\/10\/14\/cme_group_expandsintothemiddleeastwithdubaiinternationalfinancia.html\" style=\"\" rel=\"noopener\">press release<\/a>. The new office, which will be led by the firm\u2019s head of Middle East and Africa, Sharif Jaghman (<a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/jaghman?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), will be the firm\u2019s regional hub and operate under a Dubai Financial Services Authority license. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company has seen double-digit growth \u2014 16% \u2014 in trading volumes out of the Middle East this year<\/strong>, largely on the back of the influx of hedge funds to the UAE, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8baac0f0-837e-4777-806f-b2004efdaae5\" style=\"\" rel=\"noopener\">Financial Times<\/a> quotes CME\u2019s chief commercial officer, Julie Winkler, as saying. The firm already also owns 33% of Dubai-based Gulf Mercantile Exchange. <\/p>\n<p class=\"tag-border-left\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UBS sets up shop in ADGM: <\/strong>Swiss bank UBS opened an advisory office in ADGM, expanding its UAE footprint beyond Dubai, <a target=\"_blank\" href=\"https:\/\/citywire.com\/middle-east\/news\/ubs-opens-new-advisory-office-in-abu-dhabi\/a2476233\" style=\"\" rel=\"noopener\">Citywire<\/a> reports. The new UBS branch will provide advisory services from ADGM while booking assets in Switzerland, and comes after the appointment of Michael Baechli (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/michael-b%C3%A4chli-9aa661119\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as head of the bank\u2019s non-resident Indian and professional client business in the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>UBS announced plans <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4cba6ba8-347c-4485-84fd-edba6796d7e8\/ad-ports-explores-green-energy-storage-jv-with-rotterdam%25e2%2580%2599s-advario\" style=\"\" rel=\"noopener\">in May<\/a> to expand in Abu Dhabi to tap growing regional demand from high-net-worth individuals relocating from higher-tax markets such as the UK.<\/p>\n<p class=\"tag-border-left\">DISPUTES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NMC Healthcare founder to pay USD 46 mn to SBI for <\/strong><strong>l<\/strong><strong>ying under oath: <\/strong>The Dubai International Financial Center Court ordered NMC Healthcare founder BR Shetty to pay USD 46 mn to the State Bank of India\u2019s DIFC branch after ruling he lied under oath about signing a personal assurance for a USD 50 mn loan to NMC, according to a <a target=\"_blank\" href=\"https:\/\/www.difccourts.ae\/rules-decisions\/judgments-orders\/court-first-instance\/state-bank-india-difc-branch-v-1-nmc-healthcare-llc-2-nmc-speciality-hospital-llc-abu-dhabi-3-new-medical-centre-llc-dubai-4-new\" style=\"\" rel=\"noopener\">statement<\/a>. The court cited extensive evidence \u2014 including emails, meeting notes, and handwriting analyses \u2014 proving he personally guaranteed the loan, and imposed 9% annual post-judgment interest until full payment. NMC did not complete all the quarterly repayments and monthly interest payments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>NMC, once the UAE\u2019s largest private healthcare operator, was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f773400-17da-4579-996e-5609a1944099\/%253cmark%253enmc%253c%2Fmark%253e,-dubai-islamic-bank-bury-the-hatchet\" style=\"\" rel=\"noopener\">forced into administration<\/a> by a London court in 2020 after a Muddy Waters report claimed that it inflated its assets and owed over USD 4 bn in hidden debt. It <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5f8d2c50-875c-49b6-b0ca-45aeb30d31a7\/%253cmark%253enmc%253c%2Fmark%253e%253cmark%253e-healthcare%253c%2Fmark%253e-is-eyeing-an-ipo-%2B-more-hedge-funds-plan-expansions-to-abu-dhabi\" style=\"\" rel=\"noopener\">tapped Rothschild &amp; Co<\/a> to advise on its strategic restructuring plans, with the process wrapping up in 2022, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/2025\/10\/14\/nmc-br-shetty-difc-court-judgement\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. Shetty has since filed several lawsuits abroad, accusing former executives and auditors of inflating the company\u2019s finances.<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cme-group\/\">CME Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dana-gas\/\">Dana Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmc-healthcare\/\">NMC Healthcare<\/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=\"108533\" 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=\"108533\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/16\/october-rate-cut-highly-likely-amid-growing-job-market-risks\/\">\r\n                            Powell signals October rate cut as US labor market concerns grow                        <\/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\/16\/october-rate-cut-highly-likely-amid-growing-job-market-risks\/\" 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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He warned that the US labor market is showing further signs of distress, and that \u201cdownside risks to employment have risen,\u201d marking his clearest indication yet that Fed officials see enough evidence to justify another quarter-point reduction in borrowing costs, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/57f33655-e4b4-4bea-ac1d-c5545924f73f\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports.<\/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 remarks solidified market expectations<\/strong><span style=\"background-color: transparent;\">, with investors in federal funds futures now pricing in a nearly 100% chance of a cut at the Fed\u2019s upcoming 28-29 October meeting, according to <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-14\/powell-signals-another-cut-as-weak-hiring-pressures-unemployment?srnd=homepage-middle-east\" rel=\"noopener\">Bloomberg<\/a><span style=\"background-color: transparent;\">. \u201cA rate cut in October is done,\u201d former Fed economist and MacroPolicy Perspectives founder Julia Coronado told the business information service..<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Fed is now prioritizing risks to the job market over inflation.<\/strong> Despite delayed official data from the US government shutdown, private indicators and Fed research show a cooling labor market, as \u201cboth lay-offs and hiring remain low,\u201d Powell said. Powell noted few signs of broader or lasting price pressures, adding that long-term inflation expectations remain aligned with the Fed\u2019s 2% goal. \u201cThere really isn\u2019t a risk-free path now\u2026 but now the labor market has demonstrated pretty significant downside risks,\u201d the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/powell-keeps-fed-on-track-to-lower-rates-again-a2e9b065?mod=Searchresults&amp;pos=2&amp;page=1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> quotes him as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Feeling through the dark:<\/strong> The Fed remains divided, as 19 policymakers are seeing two more rate cuts this year, while nine others see one or fewer cuts as appropriate, Bloomberg wrote. This internal division, coupled with the lack of official economic data, increases the risk of policy mistakes. \u201cIf this goes on for a while... it could become more challenging,\u201d Powell admitted regarding the data blackout.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Fed\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8da22a78-8163-4777-99f8-6a30334f5353\/%253cmark%253efed%253c%2Fmark%253e-cuts-rates-for-the-first-time-this-year,-resuming-widely-anticipated-easing-cycle\" style=\"\" rel=\"noopener\">rate cut in September<\/a> to 4%-4.25% was its first since last December, prompted by a sharp summer slowdown in hiring. However, the unemployment rate remained relatively low at 4.3% in August. The September jobs report is currently delayed due to the government shutdown, but Consumer Price Index data is still scheduled for release later this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- No more shrinking balance sheet?<\/strong> The Fed could also end its three-year quantitative tightening policy in the \u201ccoming months\u201d to keep funding markets liquid, Powell said. However, the balance sheet is unlikely to return to pre-pandemic levels, with USD 1.1 bn higher liabilities and greater reserve demand, he said, adding the Fed\u2019s pandemic-era quantitative easing \u201ccould have \u2014 and perhaps should have \u2014 stopped\u201d earlier, though it likely wouldn\u2019t have changed the economy\u2019s course.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the green this morning<\/strong>, with Japan\u2019s Nikkei up 0.8%, while Hong Kong\u2019s Hang Seng and the Shanghai Composite are hovering around the 0.3% mark. Wall Street futures are virtually unchanged amid blockbuster 2Q earnings for Bank of America and Morgan Stanley.<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,120<\/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: +7.5%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,039<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +17.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,903<\/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: +17.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.9% 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-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>Tadawul<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,682<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: -2.9%)<\/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>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\">37,654<\/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: +26.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,671<\/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: +13.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,425<\/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: +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>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\">5,605<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.0% (YTD: +14.5%)<\/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>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 62.47<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.04<\/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%<\/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 4,223<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 110,782<\/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\">-2.0% (YTD: +18.3%)<\/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>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 3.76<\/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\">+0.3% (YTD: +8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.17<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">20.64<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +19.0%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.1% yesterday<\/strong> on turnover of AED 935.6 mn. The index is up 17% 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>Al Mal Capital REIT (+13.0%), International Financial Advisors (+8.3%) and United Foods (+6.3%).<\/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 Mazaya Holding Company (-9.0%), Chimera S&amp;P UAE Shariah ETF \u2014 Share Class B \u2014 Income (-5.7%) and Taaleem Holdings (-3.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.1% on turnover of AED 1.3 bn. Meanwhile, Nasdaq Dubai was up 0.4%.<\/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\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/federal-reserve\/\">Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108535\" 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\/16\/108535-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108535\" class=\"content-area-description single-story post-108535 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 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>13-17 October (Monday-Friday): <\/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>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<\/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.globalfoodweek.ae\/\" style=\"\">Global Food Week<\/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>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<\/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>23-29 October (Thursday-Wednesday): Subscription period for Dubizzle\u2019s IPO. <\/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>30 October (Thursday): <\/span><span style=\"\">Fi<\/span><span style=\"font-weight:400;\">nal pricing and allocation for Dubizzle\u2019s IPO.<\/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 style=\"font-weight:400;\">6 November (Thursday): Dubbizle to ring the DFM\u2019s opening bell.<\/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>10-15 November (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2025.robocupap.org\/\" style=\"\">RoboCup Asia-Pacific (RCAP)<\/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>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=1760587092728711&usg=AOvVaw2npl3JNxy45yjIi4VljWaE\" 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 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dfsa.ae\/dfsa-hkma-joint-climate-finance-conference\" style=\"\">DFSA\u2013HKMA Joint Climate Finance 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>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 and 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<\/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) 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;\">APRIL 2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-15 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/15t1prb-dubai-host-15th-aim-congress-april-2026\" style=\"\">AIM Congress<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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 style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Alec rises on debut + VC funding up in 9M 2025<\/p>\n","protected":false},"featured_media":108513,"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-108512","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5a3a97ae-56b0-4ebb-bcda-192aa9479f9a","teaser":"Plus: Alec rises on debut + VC funding up in 9M 2025","photo_url":"https:\/\/ent.news\/2024\/4\/522.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Multiply acquires 2PointZero, Ghitha to create AED 120 bn entity. 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