{"id":108865,"date":"2025-10-28T00:00:00","date_gmt":"2025-10-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=108865"},"modified":"2025-12-15T05:22:00","modified_gmt":"2025-12-15T05:22:00","slug":"cabinet-approves-record-budget-with-near-30-hike-in-spending","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/cabinet-approves-record-budget-with-near-30-hike-in-spending\/","title":{"rendered":"Cabinet approves record budget with near 30% hike in spending"},"content":{"rendered":"<section id=\"108867\" 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=\"108867\">\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\/28\/this-morning-xrg-eyes-investment-in-argentinian-lng-project-masdar-breaks-ground-on-24-hour-solar-and-battery-energy-facility\/\">\r\n                            THIS MORNING: XRG eyes investment in Argentinian LNG project + Masdar breaks ground on 24-hour solar and battery energy facility                        <\/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\/2\/1893.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108868\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/this-morning-xrg-eyes-investment-in-argentinian-lng-project-masdar-breaks-ground-on-24-hour-solar-and-battery-energy-facility\/1893-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1893.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1893.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1893.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1893.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108867\" class=\"content-area-description single-story post-108867 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-egypt tag-energy tag-enterpriseam-uae tag-fujairah tag-healthcare tag-infrastructure tag-investment tag-masdar tag-saudi-arabia tag-tourism 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\/.e813b342-7368-4edb-b8e4-6359627c8d83.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>It\u2019s busy, but not quite as busy as we\u2019re used to, as hundreds have flocked to Riyadh for FII. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big story of the day is 2026\u2019s new record budget<\/strong>, which saw a 29.2% hike in expenditure and revenues. We break down the components of the budget and what else went down at the cabinet meeting in the news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also a busy day for energy news<\/strong>, with Fujairah\u2019s massive F3 gas turbine kicking off operations, and Masdar breaking ground on its AED 22 bn 24-hour solar and battery energy facility in Abu Dhabi. Meanwhile, <strong>Mubadala<\/strong> poured more funds into AI firm Crusoe, and into a new AED 55 mn venture capital fund. <strong>PLUS:<\/strong> Abu Dhabi Commercial Bank and United Arab Bank are the latest to put out 3Q earnings. Let\u2019s dive in. <\/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- Temperatures continue to cool down<\/strong>, with Dubai seeing a high of 34\u00b0C today and a low of 26\u00b0C, while Abu Dhabi will see a high of 33\u00b0C and a low of 26\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- Adnoc\u2019s international investment arm XRG is mulling an investment in a liquefied <\/strong><strong>natural gas project under development by Argentinian energy firm YPF<\/strong>, as it looks to deepen its portfolio in the US, Latin America, and Asia, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-27\/abu-dhabi-s-xrg-is-in-talks-to-invest-in-argentina-lng-project?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are in the know. The project will eventually produce 28 mn tons of LNG annually, with the likes of Shell and Eni working with YPF on the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talks are still preliminary<\/strong>, and come as the firm deepens its push in LNG both locally and abroad. It previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e568c37f-50d7-4390-a862-52ffd4567fd0\/xrg-finalizes-acquisition-of-stake-in%253cmark%253e-rio-grande%253c%2Fmark%253e%25e2%2580%2599s-lng-facility\" style=\"\" rel=\"noopener\">acquired a stake in NextDecade\u2019s Rio Grande LNG project<\/a> in South Texas as it prepares to export mns of tons of LNG from its Ruwais facility in Abu Dhabi. A few potential acquisitions have fallen through though, with the firm dropping a planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ec58b4b0-1f18-4a6a-8fae-d25a983370c9\/xrg-led-consortium-walks-away-from-usd-18.7-bn-play-for%253cmark%253e-santos%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 18.7 bn takeover of Australian gas producer Santos<\/a>. It was also working on another bid for a South American firm, with an eye to acquire a USD 2.1 bn stake in Brazilian petrochemicals company Braskem, but later <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/223d8612-05a3-496f-b43a-109cf01893c8\/adnoc-drops-braskem-bid-%2B-dp-world-completes-savan-logistics-acquisition\" style=\"\" rel=\"noopener\">withdrew its offer<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2-<\/strong> <strong>State-owned renewables giant Masdar has broken ground on its AED 22 bn<\/strong><strong> 24-hour solar and battery energy facility<\/strong>, combining 5.2 GW of solar capacity and 19 GWh of battery storage, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/worlds-1st-gigascale-round-the-clock-renewable-energy-project-worth-aed22bn\" style=\"\" rel=\"noopener\">statement<\/a>. The plant, which tackles renewable energy\u2019s intermittency challenge by delivering a consistent power supply, will come online by 2027, providing 1 GW of uninterrupted clean power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/efee1459-f282-4ca5-b17f-f607fefe821e\" style=\"\" rel=\"noopener\">facility<\/a>, which is being set up alongside Emirates Water and Electricity Co, will span 90 sq km in the Abu Dhabi desert and will power over 500k homes once online. It will also help cut 5.7 mn tons of CO2 emissions a year and provide 10k new jobs.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>M42 launches Saudi unit to expand precision health footprint: <\/strong>Mubadala-backed healthtech firm M42 has set up operations in Saudi Arabia through a new unit named M42 Saudi Arabia, according to a <a target=\"_blank\" href=\"https:\/\/m42.ae\/media-resources\/news\/m42-signals-expansion-into-saudi-arabia-with-the-launch-of-m42-saudi-arabia-deepening-its-long-standing-partnership\/\" style=\"\" rel=\"noopener\">press release<\/a>. M42 was already active in the Kingdom and has worked with its Health Ministry, operating more than 40 Diaverum clinics in 33 cities. The new unit will take over operations of the clinics, which specialize primarily in renal care.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The unit will later expand into multi-omics, digital health, and population health programs<\/strong> targeting metabolic and lifestyle diseases. M42 also said it will launch Saudi-led pilot programs and R&amp;D collaborations to support the Kingdom\u2019s Vision 2030\u2019s goal of building a precision, preventive, and predictive healthcare system.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#4- <\/strong><strong>The <\/strong><strong>UAE has earmarked USD 6 bn worth of investments for Africa\u2019s tourism sector<\/strong>, spanning infrastructure, hospitality, and aviation projects across 20 countries, Economy and Tourism Minister Abdulla bin Touq Al Marri told Asharq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/videos\/104135\/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%AA%D8%B7%D9%84%D8%B9-%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-6-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%A8%D8%A3%D9%81%D8%B1%D9%8A%D9%82%D9%8A%D8%A7\/\" style=\"\" rel=\"noopener\">watch, runtime: 6:25<\/a>). The investments will focus on aviation, logistics, digital transformation, and infrastructure to boost tourism growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The global ranking: <\/strong>The UAE is the fourth largest foreign investor in Africa, after the US, China, and the EU, with cumulative investments exceeding USD 110 bn between 2019 and 2023, he added. It also is the top globally when it comes to greenfield investments in Africa, Al Marri said.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The US Federal Reserve is expected to cut interest rates for the second time after<\/strong><strong> its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e31e4bd-5364-4caf-9fa8-e2ed39ac7fa1\/fed-cuts-rates-for-the-first-time-this-year,-resuming-widely-anticipated-easing-cycle\" style=\"\" rel=\"noopener\">September cut<\/a><\/strong><strong> at its Federal Open Market Committee today.<\/strong> Softer US inflation figures that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bfb7e84-2125-4502-9021-aaafaa487d79\/cooling-us%253cmark%253e-inflation%253c%2Fmark%253e-makes-the-case-for-fed-rate-cuts\" style=\"\" rel=\"noopener\">came out last week<\/a> put the Fed on course to make another small 25 basis point cut, analysts say. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of the Fed, Treasury Secretary Scott Bessent said the Fed\u2019s next heir will likely be named by the end of the year<\/strong>, after whittling down the shortlist of candidates to just five, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/27\/bessent-lists-five-finalists-for-fed-chair-job-and-trump-says-decision-coming-before-the-end-of-the-year.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. The names potentially replacing current Fed chair Jerome Powell are: Fed Governors Christopher Waller and Michelle Bowman, National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, and BlackRock executive Rick Rieder. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.futurehospitality.com\/world\" style=\"\" rel=\"noopener\">Future Hospitality Summit<\/a><\/strong><strong> (FHS) is running until Wednesday<\/strong> at Madinat Jumeirah in Dubai. The summit brings together global hospitality leaders, investors, and industry leaders to explore investments to scale their businesses across key sectors, from hospitality to sustainability, technology, startups, talent, education, and branded residences.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.apcsummit.org\/\" style=\"\" rel=\"noopener\">Asia Pacific Cities Summit<\/a><\/strong><strong> kicked off yesterday and is on until Wednesday<\/strong> at the Dubai Exhibition Center. The three-day summit gathers government leaders, urban planners, and industry experts from across the Asia-Pacific region to discuss sustainable city development, smart infrastructure, and cross-border collaboration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>The <\/strong><strong>Abu Dhabi Infrastructure Summit (ADIS) Roadshow 2025 started yesterday in<\/strong><strong> Singapore<\/strong>, and is set to continue with legs in China and Ankara, before wrapping up in Istanbul in November, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmez9ml-adpic-launches-adis-roadshows-2025-showcasing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The roadshow will include conferences, B2B meetings, and site visits as it looks to drum up international interest in Abu Dhabi\u2019s USD 54 bn pipeline of infrastructure projects. It is backed by the Abu Dhabi Investment Office and the Department of Municipalities and Transport. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dpc.org.ae\/en\/media-centre\/News\/Dubai-Press-Club-to-organise-10th-Emirati-Media-Forum-on-28-October\" style=\"\" rel=\"noopener\">Emirati Media Forum (EMF)<\/a><\/strong><strong> is happening today <\/strong>at the Museum of the Future, organized by the Dubai Press Club. The annual event will gather senior UAE media executives, editors, and content creators to discuss the sector\u2019s digital transformation and strategies to strengthen trust and counter misinformation.<\/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:\/\/gifinsforum.com\/\" style=\"\" rel=\"noopener\">Annual Gulf Ins. Forum<\/a><\/strong><strong> is running until Wednesday <\/strong><strong>at the Millennium Plaza Downtown Hotel, Dubai.<\/strong> The event will gather insurers, brokers, and regulators from across the region to discuss reins. capacity, pricing, solvency, and risk management in GCC markets, with sessions focusing on resilience, catastrophe response, and financial strength.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- Federal National Council (FNC) speaker Saqr Ghobash is leading a delegation <\/strong><strong>to Azerbaijan today <\/strong>to attend the international parliamentary conference, marking the 30th anniversary of Azerbaijan\u2019s constitution, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmedtut-saqr-ghobash-lead-federal-national-council\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The FNC delegation will hold bilateral talks aimed at deepening parliamentary cooperation between the UAE and Azerbaijan, covering legislative and constitutional affairs.<\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ifswf.org\/under-patronage-khaled-bin-mohamed-bin-zayed-international-forum-sovereign-wealth-funds-ifswf\" style=\"\" rel=\"noopener\">International Forum of Sovereign Wealth Funds (IFSWF)<\/a><\/strong><strong> will run from <\/strong><strong>tomorrow to Friday<\/strong> at ADGM. Hosted by Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company, the event brings together global CEOs and senior executives from sovereign wealth funds, with combined assets of more than USD 10 tn, and serves as a platform to exchange ideas and insights on the role sovereign wealth funds play in responding to global volatilities and shaping economic resilience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.futurehospitality.com\/world\/brf\" style=\"\" rel=\"noopener\">Branded Residences Forum<\/a><\/strong><strong> is taking place tomorrow <\/strong>at Madinat Jumeirah in Dubai, bringing together developers, hospitality groups, and investors to examine the growing demand for branded real estate and evolving partnerships between luxury hotel brands and property developers.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed bag in the international business press this morning<\/strong>, though mostly quiet as we await the US Federal Reserve\u2019s interest rate decision tomorrow and Big Tech\u2019s earnings later this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One story getting attention is Amazon\u2019s plans to cut some 30k corporate jobs<\/strong>, its largest cut yet, slashing around 10% of its corporate workforce. The move comes as the firm looks to cut expenses and trim back its team after an overhiring wave during peak demand in the pandemic. Another reason could potentially be productivity gains from the use of AI which have removed the need for some corporate jobs, and a need for less bureaucracy. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/world-at-work\/amazon-targets-many-30000-corporate-job-cuts-sources-say-2025-10-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/amazon-to-layoff-tens-of-thousands-of-corporate-workers-056ebc4d?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/27\/amazon-to-announce-sweeping-corporate-job-cuts-starting-tuesday.html\" style=\"\" rel=\"noopener\">CNBC<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also from the world of Big Tech:<\/strong> Qualcomm will start producing semiconductor chips, entering a market that\u2019s already dominated by US chipmaker Nvidia, which also includes players like Advanced Micro Devices. It previously produced chips for wireless connectivity and mobile devices. Its shares jumped 11% on the news. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/27\/qualcomm-ai200-ai250-ai-chips-nvidia-amd.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/qualcomm-stock-surges-on-ai-chip-launch-cc7a4590\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2b6f779a-1e6f-4eb5-85a0-0c75fe450215\" 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>Over in Russia, its second-largest oil producer Lukoil is selling its international assets<\/strong> following the sanctions introduced against it by the US last week. 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"108870\">\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\">BUDGET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/cabinet-approves-record-aed-92-4-bn-2026-budget\/\">\r\n                            UAE cabinet approves record AED 92.4 bn 2026 budget                        <\/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\" 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   <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/cabinet-approves-record-aed-92-4-bn-2026-budget\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1463.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108871\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/cabinet-approves-record-aed-92-4-bn-2026-budget\/1463-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1463.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1463.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1463.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1463.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108870\" class=\"content-area-description single-story post-108870 post type-post status-publish format-standard has-post-thumbnail hentry category-budget-watch tag-budget-watch tag-economy tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.f0c742e8-07d8-4282-97b4-bf5171f1605b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE cab<\/strong><strong>inet greenlights its largest budget yet: <\/strong>The cabinet approved an AED 92.4 bn budget for the country in 2026, making it the largest in the UAE\u2019s history, Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/1982761971079684309\" style=\"\" rel=\"noopener\">posted<\/a> on X yesterday following a cabinet meeting. The final spending plan sets out a whopping 29.2% y-o-y jump in expenditure compared to 2025\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0960dafe-47da-41d7-ab49-8c97b9474e4c\/uae-cabinet-approves-record-aed-71.5-bn-2025%253cmark%253e-budget%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">AED 71.5 bn<\/a> budget, while revenues will match expenditure at AED 92.4 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- <\/strong><span style=\"background-color: transparent;\">The government had hiked spending by 12% y-o-y in 2025, and approved a federal budget of AED 192 bn for 2024-2026 in October 2023.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIt is unusually expa<\/strong><strong>nsionary for the federal budget,\u201d<\/strong> GCC economist and Khalij Economics Director Justin Alexander told EnterpriseAM UAE. \u201cPrior to [the hike last year] the budget had barely increased since 2019,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1485.png?ssl=1\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The largest allocation \u2014 AED 34.6 bn \u2014 will go to social development and pensions, up 24% y-o-y, while AED 27.1 bn is allocated to government affairs and AED 15.4 bn is going towards financial investments, according to a separate <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/october\/27-10\/mohammed-bin-rashid-chairs-cabinet-meeting\" style=\"\" rel=\"noopener\">statement<\/a>. This is four times as much as financial investments\u2019 allocation in the 2025 budget, Alexander said, though it\u2019s not clear what accounts for the jump. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expenditure will likely be financed through corp<\/strong><strong>orate income tax revenue and higher dividends from the Emirates Investment Authority<\/strong>, Alexander added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cabinet also approved a Federal Financial Support program, which will receive annual allocations from the federal budget<\/strong>. The program is aimed at ensuring the long-term financial sustainability of federal institutions, according to the Prime Minister\u2019s post. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s cumulative foreign investment abroad hit AED <\/strong><strong>1<\/strong><strong> tn in 2024, marking a 9% y-o-y increase<\/strong>, making us \u201cthe first in the Arab world and among the top 20 global economies in outward FDI,\u201d Sheikh Mohammed said in another <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/1982762315004166205\" style=\"\" rel=\"noopener\">post<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also from the cabinet meeting:<\/strong><\/p>\n<ul>\n<li>The Cabinet approved <strong>35<\/strong><strong> international agreements and MoUs in the fields of economy and cooperation<\/strong>;<\/li>\n<li>an updated <strong>guidebook on the Accounting Standards in the Federal Government<\/strong>;<\/li>\n<li>The <strong>reformation of the Health Council and the National Committee for Public Health<\/strong>, both chaired by Health and Prevention Minister Ahmed bin Ali Al Sayegh;<\/li>\n<li>and a resolution regarding<strong> excise goods and taxes<\/strong>, and the executive regulations of the <strong>Federal Decree-Law on Anti-Money Laundering and Combating Financing of Terrorism, and Weapon Proliferation Financing.<\/strong><\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/budget-watch\/\">BUDGET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108872\" 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=\"108872\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/aldar-to-invest-aed-3-8-into-develop-to-hold-abu-dhabi-portfolio\/\">\r\n                            Aldar to invest AED 3.8 into develop-to-hold Abu Dhabi portfolio                        <\/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\/28\/aldar-to-invest-aed-3-8-into-develop-to-hold-abu-dhabi-portfolio\/\" 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 projects in Al Shamka, Yas Island, and Abu Dhabi Business Hub, will bring the firm\u2019s pipeline of develop-to-hold assets to AED 17.6 bn and will be integrated into its investment portfolio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">On the residential front: <\/strong><span style=\"background-color: transparent;\">Aldar will build nearly 2k residential units in its Alreeman community in Al Shamkha that will be available for rent. The units will range from studios to three-bed units, located alongside retail and leisure facilities. Yas Island is also set to see a piece of the pie, with Aldar planning to deliver 665 units \u2014 217 townhouses and villas, and 448 apartments as an extension of Yas Residential Village for island staff housing.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the commercial side<\/strong>, Aldar will develop Yas Business Park, a four-tower office complex offering 47.5k sqm of leasable space next to Yas Mall and Aldar Square. The development is expected to be completed by 2H 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Logistics units will also see a boost, <\/strong>with Abu Dhabi Business Hub set to see some 175k sqm of new logistics space, catering to third-party logistics, e-commerce, and distribution tenants. Aldar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4a30c5c5-1f70-44ff-9b47-d6c7a2219b19\/adx-and-astana-international-exchange-link-up\" style=\"\" rel=\"noopener\">plan to build<\/a> the UAE\u2019s first Tesla Experience Center is also part of the AED 3.8 bn investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm has been on a local expansion roll: <\/strong>Last year, the firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9df3e049-bfc0-492c-9b05-4641bd2f67bc\/%253cmark%253ealdar%253c%2Fmark%253e-wants-to-invest-aed-1-bn-in-logistics\" style=\"\" rel=\"noopener\">committed AED 1 bn<\/a> to expand its logistics portfolio as well as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f177ef37-6e70-40e4-88ed-8b09c2d77a3a\/%253cmark%253ealdar%253c%2Fmark%253e-earmarks-aed-5-bn-for-new-abu-dhabi-assets\" style=\"\" rel=\"noopener\">AED 5 bn for new real estate assets<\/a> in Abu Dhabi. It is also working on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96faa705-2543-4014-ad64-82bdcdd2bfc1\/%253cmark%253ealdar%253c%2Fmark%253e-introduces-aed-40-bn-coastal-development-in-abu-dhabi\" style=\"\" rel=\"noopener\">Fahid Island coastal development<\/a> with a AED 40 bn in gross development value, as well as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/677de249-4579-43e9-8dab-75868484b7d4\/union-%2B%253cmark%253e-aldar%253c%2Fmark%253e-launch-new-dubai-developments-totaling-aed-2.91-bn\" style=\"\" rel=\"noopener\">mixed-use development<\/a> in Dubai\u2019s Expo City for AED 1.8 bn. It is launching four JVs with Mubadala to develop AED 30 bn worth of properties in Abu Dhabi, and also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ff069bf-285d-441e-b1b9-525f7fd92dbd\/this-morning:-adnoc-submits-concessions-to-secure-covestro-acquisition-%2B-adia-locks-in-shares-in-lg-india%25e2%2580%2599s-ipo\" style=\"\" rel=\"noopener\">said it was expanding<\/a> into lower-cost housing, schools, and retail as part of a diversification push. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes amid a surge in new project launches in Abu Dhabi<\/strong>, with 9M 2025 seeing 42 new projects registered, including 39 residential developments offering over 9.5k units, <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4616686\/39-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7-%D8%AA%D9%88%D9%81%D8%B1-9500-%D8%B4%D9%82%D8%A9-%D9%88%D9%81%D9%8A%D9%84%D8%A7-%D8%B3%D9%83%D9%86%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A\" style=\"\" rel=\"noopener\">Al Etihad<\/a> reports, citing data from the Abu Dhabi Municipalities and Transport Department\u2019s Dari platform. This nearly matches <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/abu-dhabi-launches-43-housing-projects-in-2024-bis58sv9\" style=\"\" rel=\"noopener\">the 2024 total of 43 housing projects<\/a> launched in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At the 1H mark, the emirate was set to see <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a9faf458-71a3-4924-b4d2-d86ca835bc43\/abu-dhabi-real-estate-transactions-surge-40%2525-in-1h-2025-on-strong-demand-for-new-launches\" style=\"\" rel=\"noopener\">11.9k new residential units<\/a><\/strong><strong> by the end of the year.<\/strong> Total residential stock reached around 400k units as of 1H, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1428.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> from Abu Dhabi Real Estate Center.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108874 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=\"108874\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/108874-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108874\" class=\"content-area-description single-story post-108874 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108875\" 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=\"108875\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/fujairah-fires-up-f3-gas-plant\/\">\r\n                            Fujairah F3 gas plant is now online                        <\/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\/28\/fujairah-fires-up-f3-gas-plant\/\" 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\/28\/fujairah-fires-up-f3-gas-plant\/')\">\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\/28\/fujairah-fires-up-f3-gas-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Fujairah fires up F3 gas plant&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/fujairah-fires-up-f3-gas-plant\/\">\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\/28\/fujairah-fires-up-f3-gas-plant\/&title=Fujairah fires up F3 gas plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Fujairah+fires+up+F3+gas+plant+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F28%2Ffujairah-fires-up-f3-gas-plant%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\/28\/fujairah-fires-up-f3-gas-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1465.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108876\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/fujairah-fires-up-f3-gas-plant\/1465-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1465.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1465.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1465.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1465.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108875\" class=\"content-area-description single-story post-108875 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-emirates-water-and-electricity-company tag-energy tag-enterpriseam-uae tag-fujairah tag-taqa 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\/.26a121c7-8163-4ffa-a524-6fb38fa9d92c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More <\/strong><strong>gas power incoming:<\/strong> The 2.4 GW Fujairah F3 combined cycle gas turbine \u2014 one of the largest in the UAE \u2014 has begun commercial operations, according to a <a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/blog\/taqa-ewec-marubeni-corporation-mubadala-and-hokuriku-electric-power-company-announce-full-operations-of-fujairah-f3-independent-power-producer-project\" style=\"\" rel=\"noopener\">statement<\/a>. The project, which involved Marubeni Corporation, Abu Dhabi National Energy Company (Taqa), Mubadala Investment Company and Hokuriku Electric Power Company, is capable of powering some 380k homes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> are among the project\u2019s backers, with Emirates Water and Electricity Company (Ewec) as the sole offtaker under a long-term power purchase agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Who owns what:<\/strong><span style=\"background-color: transparent;\"> Taqa holds 40% of the project company \u2014 Fujairah Power Company F3 \u2014 while Marubeni holds 20.4%, Mubadala owns 20%, and Hokuriku Electric owns 19.6%. The project reached financial close back in 2020, at an estimated cost of <\/span><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/taqa-reaches-financial-close-on-the-uae-s-largest-gas-fired-power-plant-1.1045438\" rel=\"noopener\">AED 4.2 bn<\/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>Taqa and Ewec have more in the works: <\/strong>Taqa inked a 24-year power purchase agreement back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/78843156-0917-4355-84c2-d90d960217d3\" style=\"\" rel=\"noopener\">April<\/a> with Ewec that will allow it to build, own, and operate a 1 GW open-cycle gas turbine in Al Dhafra. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi could also see a lot more gas turbines: <\/strong>Ewec sees an urgent need for an additional 5.1 GW of gas capacity in Abu Dhabi to support renewable integration and manage peaks \u2014 including 2.5 GW of combined-cycle gas turbines due by 2028 and 2.6 GW of opec-cycle capacity expected online by 2027, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2025\/10\/27\/fujairah-gas-fired-plant-built-to-power-380000-homes-starts-operations\/\" style=\"\" rel=\"noopener\">the National<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-water-and-electricity-company\/\">Emirates Water and Electricity Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fujairah\/\">Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taqa\/\">Taqa<\/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=\"108877\" 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=\"108877\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/\">\r\n                            Mubadala Capital leads USD 1.4 bn Series E funding round in Crusoe + backs USD 55 mn fund                        <\/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\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/\" 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\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/')\">\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\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/\">\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=Mubadala Capital leads USD 1.4 bn Series E funding round in Crusoe + backs USD 55 mn fund&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/\">\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\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/&title=Mubadala Capital leads USD 1.4 bn Series E funding round in Crusoe + backs USD 55 mn fund\">\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=Mubadala+Capital+leads+USD+1.4+bn+Series+E+funding+round+in+Crusoe+%2B+backs+USD+55+mn+fund+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F28%2Fmubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund%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\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108878\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/mubadala-capital-leads-usd-1-4-bn-series-e-funding-round-in-crusoe-backs-usd-55-mn-fund\/1231-jpg-28\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1231.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108877\" class=\"content-area-description single-story post-108877 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-investment-watch tag-mubadala tag-mubadala-investment-company 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\/.870f8245-5b26-445e-8f1b-5ddf74864ce8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala <\/strong><strong>Capital led a USD 1.4 bn Series E funding round in US-based<\/strong><strong> AI <\/strong><strong>infrastructure company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.crusoe.ai\/\" style=\"\" rel=\"noopener\">Crusoe<\/a><\/strong>, alongside US tech investor Valor Equity Partners, according to a <a target=\"_blank\" href=\"https:\/\/www.crusoe.ai\/resources\/newsroom\/crusoe-announces-series-e-funding\" style=\"\" rel=\"noopener\">press release<\/a>. The oversubscribed round pushed the company\u2019s valuation to over USD 10 bn, up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/84946961-a5ed-42fe-be85-cf86f2d316b4\/ihc%25e2%2580%2599s-2pointzero-takes-part-in-archer-aviation%25e2%2580%2599s-usd-430-mn-equity-offering-%2B-mubadala-invests-in-ai-firm%253cmark%253e-crusoe%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 2.8 bn<\/a> last year. Nvidia also took part in the funding round, alongside Franklin Templeton, Fidelity Management, SuperMicro, T. Rowe Price, and others.<\/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 wealth fund is already heavily invested in the clean computing startup:<\/strong><span style=\"background-color: transparent;\"> The sovereign entity <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/84946961-a5ed-42fe-be85-cf86f2d316b4\/ihc%25e2%2580%2599s-2pointzero-takes-part-in-archer-aviation%25e2%2580%2599s-usd-430-mn-equity-offering-%2B-mubadala-invests-in-ai-firm%253cmark%253e-crusoe%253c%2Fmark%253e\" rel=\"noopener\">previously participated<\/a><span style=\"background-color: transparent;\"> in Crusoe\u2019s USD 350 mn series C round in 2022 and its USD 600 mn series D round in 2024. The company used the funds to invest in data centers and its cloud platform, Crusoe Cloud.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the money go?<\/strong> The funding will enable Crusoe to expand its vertically integrated approach to delivering AI factories at the required scale and timeframe, Crusoe\u2019s CEO Chase Lochmiller said. This plan involves buying new hardware and hiring more employees, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-23\/openai-partner-crusoe-valued-at-10-billion-in-new-funding-round\" 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>About Crusoe:<\/strong> Founded in 2018, the company is an AI infrastructure developer that adopts a vertically-integrated model, spanning energy sourcing, hyperscale data-centre development, and its cloud platform, Crusoe Cloud. It is currently working on several data center development projects in the US, including a Texas-based 1.2 GW project and a 1.8 GW campus in Wyoming.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also a Stargate player<\/strong>, with the Texan data center complex it operates for Oracle and OpenAI being the first installation in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/83962672-34d6-4fa0-9c03-2159613a897a\/inside-trump%25e2%2580%2599s-usd-500-bn-ai-project%253cmark%253e-stargate%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 500 bn US Stargate initiative<\/a> backed by Abu Dhabi investor MGX.<\/p>\n<p class=\"tag-border-left\">IN OTHER MUBADALA NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala <\/strong><strong>backs AAF\u2019s USD <\/strong><strong>55 mn hybrid venture fund: <\/strong>Abu Dhabi\u2019s Mubadala Investment Company backed US-based venture capital firm AAF Management\u2019s latest USD 55 mn fund, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/10\/16\/3168014\/0\/en\/AAF-Management-Closes-55M-for-Early-Stage-Hybrid-Fund.html\" style=\"\" rel=\"noopener\">press release<\/a>. Family offices from MENA, the US, and Europe, as well as general partners from US firms, also anchored the funding alongside Mubadala.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fund: <\/strong>The Axis Fund targets emerging managers and funds overseeing promising startups and firms at the pre-IPO and pre-seed stage. The fund has already backed 25 pre-seed and seed-stage funds alongside making five direct investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AAF now has a total of USD 250 mn in assets across four funds<\/strong>, and plans to invest 80% of its capital in startups and the remaining 20% in emerging funds, <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2025\/10\/16\/how-tiny-mubadala-backed-aaf-is-winning-vc-deals-in-some-of-the-hottest-startups\/\" style=\"\" rel=\"noopener\">TechCrunch<\/a> reports. AAF has made 138 investments since 2016, backing five companies which have since become unicorns. It focuses primarily on firms in the tech, fintech, healthcare, enterprise software, and deep tech sectors.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala-investment-company\/\">Mubadala Investment Company<\/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=\"108879\" 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=\"108879\">\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\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/how-banks-are-preparing-themselves-for-the-era-of-open-finance-from-api-marketplaces-to-more-fintech-cooperation\/\">\r\n                            How banks are preparing themselves for the era of open finance, from API marketplaces to more fintech cooperation                        <\/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\/28\/how-banks-are-preparing-themselves-for-the-era-of-open-finance-from-api-marketplaces-to-more-fintech-cooperation\/\" 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 regulation standardizes secure cross-sector data sharing and transactions through a trust framework, an API hub, consumer consent protocols, and infrastructure services to support cross-sectoral data sharing and transaction initiation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Local banks have been preparing for this moment for a while. <\/strong><span style=\"background-color: transparent;\">Our friends at Mashreq in April launched their own <\/span><a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/uae\/news\/2025\/may\/mashreq-unveils-api-marketplace\/\" rel=\"noopener\">API marketplace<\/a><span style=\"background-color: transparent;\"> as part of efforts to support this cross-industry collaboration between fintechs, banks, and other financial institutions. The marketplace offers a flexible subscription model, and is designed with a \u201cdeveloper-first mindset\u201d, with comprehensive documentation and sandbox environments to test out different codes and applications.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How does that work, you ask? <\/strong>To give one example, the bank is offering instant payment APIs for its corporate clients as well as financial institutions, with MultiBank being the first to be fully integrated with central bank-backed instant payment platform Aani. This allows MultiBank\u2019s clients to carry out real-time transactions, including domestic fund transfers and bulk payments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We had a chat with Mashreq\u2019s new global head of transaction banking, Vivek Batra (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/vivekbatra30\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>)<\/strong>, to talk about how open finance will change the way banks and fintechs operate, why APIs are important in this transition, where he sees demand for APIs, and what he identifies as the most important prospects for collaboration with fintechs. Edited excerpts from our conversation: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: How do you think the era of open finance and the introduction of API hubs like Mashreq\u2019s will impact the banking sector over the next few years?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VB: Open finance is fundamentally reshaping the banking and financial industry landscape.<\/strong> Over the next few years, we expect open finance to drive a shift from traditional, siloed banking models to a more collaborative, ecosystem-driven approach \u2014 where banks, fintechs, corporates, and developers co-create solutions tailored to specific industry needs. Platforms like the Central Bank\u2019s API Hub are pivotal to this transformation, providing a central infrastructure to plug in our product and services, while Mashreq API Marketplace is designed not just as a technical gateway, but as a strategic enabler for our clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: What specific services do you see Mashreq partnering with fintechs for? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VB: We see opportunities for partnerships with fintechs in areas like advanced analytics, GenAI, embedded finance, and digital channel enhancements<\/strong> like mobile banking apps and customer journeys. We\u2019re looking to cooperate with them across several high-impact domains, including trade finance and receivables, digital channels UX, open banking and APIs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: What\u2019s demand looking like for your APIs right now? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VB: We have developed over 25 essential APIs<\/strong> that are empowering clients to integrate banking services directly into their ERP systems, treasury platforms, and customer-facing applications. The market demand is growing and we have successfully enabled clients with our API connectivity solutions across many sectors, and there are many more at the advanced stages of implementation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Clients are adopting APIs for payments, cash, trade, and various needs.<\/strong> Probably the most used API right now is related to validation, checking that payments are going to the right beneficiary. It sounds like a very small thing, but not so far back this didn\u2019t even exist as a concept \u2014 and today it\u2019s the most common and popular usage for APIs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Just like we track a transaction pipeline, we track an API pipeline.<\/strong> We now have all essential APIs on the platform developed, tested and implemented, spanning payments, statements, validation, collections, virtual accounts, balance enquiries, and utility payments. We\u2019re working on new industry solutions and are hoping to expand access to other regional markets where we\u2019re present. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: What differentiates a bank\u2019s API hub? Is it sheer volume, or distinctions within the APIs themselves? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VB: Anyone can create an API. If I do it three weeks before you, it doesn\u2019t mean anything.<\/strong> But where the rubber hits the road is when it comes to actual co-creation with clients. Having the ability to sit with a client and develop an API for a specific use case that they need \u2014 that\u2019s where it becomes meaningful.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: How do you see the next stage of open finance developing in the UAE? Could we start seeing digital asset solutions become more mainstream now with this additional cooperation between fintechs, non-banking financial institutions, and banks? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VB: Digital assets are one part of open finance, but they are not the whole picture.<\/strong> Open finance includes digital assets like tokenized currencies, stablecoins, and crypto-based instruments; banking APIs for payments, account info, lending, etc.; embedded finance banking services integrated into non-bank platforms; data portability allowing customers to share their financial data across providers; and third-party fintechs building on top of bank infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">So while digital assets are a key enabler \u2014 especially in areas like programmable money, cross-border settlements, and decentralized finance \u2014 they sit alongside many other components that make up the open finance landscape.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It will require a lot of players to come together, so you\u2019ll have a number of players moving in step<\/strong> to make sure it works together. It\u2019s not just one bank and one regulator \u2014 it\u2019s an ecosystem. The possibilities are tremendous, and as we move into a more open and transparent economy, we will start embedding not just finance, but non-finance activity as well under this framework.  <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/spotlight\/\">SPOTLIGHT<\/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=\"108881\" 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=\"108881\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/adcb-and-united-arab-bank-see-jump-in-3q-net-income\/\">\r\n                            ADCB and United Arab Bank see jump in 3Q net income                        <\/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\/28\/adcb-and-united-arab-bank-see-jump-in-3q-net-income\/\" 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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Operating income rose 25% y-o-y to AED 5.9 bn, supported by a 21% jump in net interest income on the back of higher volumes to AED 3.8 bn and a 32% increase in non-interest income to AED 2.1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">For 9M 2025<\/strong><span style=\"background-color: transparent;\">, net income rose 18% y-o-y to AED 8.1 bn, while operating income grew 19% to AED 16.6 bn. Non-interest income climbed 34% y-o-y to AED 5.8 bn, driven by higher fees, trading income, and gains from loan sales, as well as continued cost discipline and robust core operations. Total assets increased 17% y-o-y to AED 744.2 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- ADCB has been cleaning up its balance sheet: <\/strong>The lender plans to lift its Common Equity Tier 1 ratio by around 120 bps through a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6ff59683-cd1a-4447-a1fd-632ce49a0d5d\/%253cmark%253eadcb%253c%2Fmark%253e-to-move-ahead-with-aed-6.1-bn-rights-issue\" style=\"\" rel=\"noopener\">AED 6.1 bn rights issue<\/a> \u2014 to which sovereign wealth fund Mubadala intends to fully subscribe \u2014 and recently sold <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2ac0d004-5132-49fe-beab-1f1aeef94bca\/davidson-kempner-buys-usd-1.4-bn-in-distressed-loans-from%253cmark%253e-adcb%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 1.4 bn<\/a> in distressed loans to Davidson Kempner. It is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3a599c1-f363-47e6-90ff-404c5648d617\/this-morning:-fab,%253cmark%253e-adcb%253c%2Fmark%253e-eye-significant-risk-transfers-ahead-of-new-capital-buffer-requirements-%2B-g42-denies-claims-of-ties-to-huawei,-chinese-missiles\" style=\"\" rel=\"noopener\">reportedly in talks<\/a> with advisors to undertake Significant Risk Transfers \u2014 transactions that would help offload credit risk ahead of higher regulatory buffers expected next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead<\/strong>, ADCB said it is embedding artificial intelligence across its operations under a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1442.pdf\" style=\"\" rel=\"noopener\">new transformation program (pdf)<\/a> aimed at unlocking over AED 4 bn in value. The initiative, led by a newly appointed chief AI officer, will integrate more than 150 AI use cases across the bank\u2019s business lines to support its medium-term goal of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fb6321e5-4a20-4ab8-a22a-828265ab04e5\/adcb%25e2%2580%2599s-net-income-up-15%2525-in-2024\" style=\"\" rel=\"noopener\">doubling net income to AED 20 bn within five years<\/a>.<\/p>\n<p class=\"tag-border-left\">UNITED ARAB BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Arab Bank (UAB) reported a 46% y-o-y increase in net income to AED 108<\/strong><strong> mn in <\/strong><strong>3Q 2025<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1451.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1450.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Operating income for the quarter rose 36% y-o-y to AED 206.8 mn, driven by higher net interest and non-interest income, and supported by continued recoveries and cost control.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For 9M 2025<\/strong>, net income climbed 49% y-o-y to AED 315.6 mn, while total income rose 28% to AED 580.4 mn. Loans and Islamic financing grew 31% y-o-y to AED 14.1 bn, and total assets reached AED 24.5 bn, up 22% y-o-y. The lender said profitability was bolstered by higher asset yields, recoveries, and improved efficiency, with its cost-to-income ratio narrowing to 46.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>UAB also completed a fully subscribed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/059dba86-c55e-499f-85d9-bf1e2f5c45c4\/wall-street-warns-pullback-is-coming,-but-says-buy-the-dip\" style=\"\" rel=\"noopener\">AED 1.03 bn rights issue<\/a> during the quarter, boosting its capital adequacy ratio to 22.8%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/united-arab-bank\/\">United Arab Bank<\/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=\"108883 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=\"108883\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/108883-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108883\" class=\"content-area-description single-story post-108883 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\/1347.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108884\" 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=\"108884\">\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\/28\/germanys-largest-asset-manager-coming-to-adgm\/\">\r\n                            Germany\u2019s largest asset manager coming to ADGM                        <\/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\/28\/germanys-largest-asset-manager-coming-to-adgm\/\" 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 office will mark the first Middle Eastern outpost for Germany\u2019s largest asset manager, which has over USD 1.2 tn in assets under management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Who\u2019s in?<\/strong><span style=\"background-color: transparent;\"> Joe Kiwan (<\/span><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/joe-kiwan-a53b6b30\/\" rel=\"noopener\">LinkedIn<\/a><span style=\"background-color: transparent;\">), head of Middle East and Africa coverage, will relocate from Paris to lead the new office. The office will initially hire three sales specialists, with plans for future expansion.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong><a target=\"_blank\" href=\"https:\/\/www.db.com\/\" style=\"\" rel=\"noopener\">Deutsche Bank<\/a> secured financial service permission from the FRSA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b34fa62-d590-4f56-a25f-4e94f4b467f9\/%253cmark%253edeutsche-bank%253c%2Fmark%253e-%2B-bitcoin-suisse-receive-adgm-permits\" style=\"\" rel=\"noopener\">back in May<\/a>. The bank has been strengthening its presence in the region, recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5b41be9f-d4be-4c7f-b70f-ed73f262fc08\/two-new-state-ministers-%2B-leads-for-geidea,-gulftainer,%253cmark%253e-deutsche-bank%253c%2Fmark%253e,-and-netapp\" style=\"\" rel=\"noopener\">moving one of its top<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5b41be9f-d4be-4c7f-b70f-ed73f262fc08\/two-new-state-ministers-%2B-leads-for-geidea,-gulftainer,%253cmark%253e-deutsche-bank%253c%2Fmark%253e,-and-netapp\" style=\"\" rel=\"noopener\">private bankers here<\/a> as it looks to boost its presence in Dubai, Abu Dhabi, Jeddah, Doha, and Riyadh \u2014 with a particular focus on Saudi Arabia.<\/p>\n<p class=\"tag-border-left\">M&amp;A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>South <\/strong><strong>Africa\u2019s FirstRand buys 20.1% stake in Dubai fintech ahead of listing:<\/strong> South African holding firm FirstRand acquired a 20.1% stake in Dubai-based fintech Optasia, ahead of the company\u2019s planned listing on the Johannesburg Stock Exchange (JSE), according to a <a target=\"_blank\" href=\"https:\/\/www.moneyweb.co.za\/mny_sens\/firstrand-limited-firstrand-acquires-stake-in-optasia-concurrent-with-optasias-ipo\/\" style=\"\" rel=\"noopener\">disclosure<\/a>. The transaction saw private equity stakeholders sell their shares for ZAR 19 apiece, with Optasia raising USD 277 mn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-27\/ai-fintech-optasia-sells-stake-to-firstrand-for-277-million\" 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>ICYMI- <\/strong>Earlier this <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/87d340f5-0df6-45ed-80cf-f166d04a1a73\/ai-fintech%253cmark%253e-optasia%253c%2Fmark%253e-eyes-usd-375-mn-south-africa-ipo\" style=\"\" rel=\"noopener\">month<\/a>, Optasia said it was looking to raise at least USD 375 mn through an IPO on the JSE, which will include a USD 75 mn primary issuance to fund growth and a USD 300 mn secondary sale by existing shareholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Mair Group sells Al Reem Island land for AED 85 mn:<\/strong> ADX-listed investment firm Mair Group signed a sale and purchase agreement for a land plot on Al Reem Island valued at AED 85 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1445.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The transaction is part of the firm\u2019s asset optimization program, as it looks to divest from non-core assets and refocus proceeds into higher-yield growth windows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Mair Group is eyeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/103e6026-be48-49da-a6ab-85d58b9c4cf7\/this-morning:-space42-launches-thuraya-4-satellite-%2B-new-perks-for-dubai-newlyweds-and-mothers\" style=\"\" rel=\"noopener\">AED 400 mn<\/a> in investments this year. The company recently signed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ec5b38b-22db-4049-9396-cfe4a799eb06\/abu-dhabi-energy-dep%25e2%2580%2599t-%2B-goldman-sachs-partner-on-water-security\" style=\"\" rel=\"noopener\">MoU with Al Jazira Club<\/a> to develop 80k sqm around the Mohammed bin Zayed Stadium into a mixed-use hub via Makani Real Estate. It also expanded its retail arm, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fa4c4e9a-cfca-4ccd-b678-d707a52600b5\/emirates-properties%253cmark%253e-group%253c%2Fmark%253e-launches-aed-350-mn-dubai-project-%2B-emaar-misr-plans-another-egypt-project\" style=\"\" rel=\"noopener\">rebranding 34 Al Ain Coop and Earth stores<\/a> under Adcoop as part of a broader merger of seven brands last year.<\/p>\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADNH<\/strong><strong>-backed MFive Services to expand to Bahrain: <\/strong>UAE-based housekeeping and clearing firm MFive Services, backed by Abu Dhabi National Hotels (ADNH), is expanding to Bahrain through a JV with Bahrain-based hospitality player Gulf Hotels, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gulf-hotels-group-partners-with-abu-dhabi-national-hotels-and-metro-global-to-launch-mfive-services-in-bahrain-m6g01gex\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The JV will specialize in outsourced housekeeping, providing a full turnkey option including establishing a staffing base, as well as quality assurance, and full operational services for hotels, resorts, and serviced residences.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>MFive is jointly-owned by ADNH, which acquired a 50% stake in the firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2815d405-95cb-444c-a67d-cf42b1868b36\/abu-dhabi-national-hotels-company-acquires-50%2525-stake-in-m-five-cleaning-services-%2B-e&amp;-now-owns-half-of-careem%25e2%2580%2599s-super-app\" style=\"\" rel=\"noopener\">in 2023<\/a>, and Metro Global. Post-acquisition, the firm was reported to be exploring entry into new markets in North Africa and Europe. It\u2019s been a busy year for ADNH overall, with the firm partnering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b4a38701-4f49-40e2-a41c-cb205feea1ec\/al-ansari-wallet-is-coming-in-2q-%2B-cord-blood-banking-services-are-now-more-affordable\" style=\"\" rel=\"noopener\">with Mariott International<\/a> on an Al Marjan Island development, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a46d89e-cbc0-4c25-8013-999ecec20c41\/%253cmark%253eadnh%253c%2Fmark%253e-catering-finalizes-food-nation-catering-services-acquisition\" style=\"\" rel=\"noopener\">acquiring Food Nation Catering Services<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/899f51a9-7f90-4e5b-9d5d-f1bdf24ce1b4\/dp-world,-japan%25e2%2580%2599s-itochu-to-expand-logistics-capabilities-in-africa\" style=\"\" rel=\"noopener\">a stake in Compass Arabia<\/a> through its catering arm.<\/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>Space42 <\/strong><strong>partners with DMT on AI for smart city planning: <\/strong>ADX-listed space tech firm Space42 inked an MoU with the Department of Municipalities and Transport (DMT) to co-develop geospatial and AI-driven solutions for Abu Dhabi\u2019s smart city systems, according to a <a target=\"_blank\" href=\"https:\/\/space42.ai\/en\/press-release\/2025\/space42-and-department-of-municipalities-and-transport\" style=\"\" rel=\"noopener\">press release<\/a>. The tie-up will focus on developing digital twins of Abu Dhabi, and use the models to boost efficiency when it comes to road networks, transport links, energy consumptions, and other infrastructure and city planning areas. Space42 will provide satellite data and AI mapping insights, and the two will also launch pilot projects on using space tech in city planning.<\/p>\n<p class=\"tag-border-left\">TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Presight <\/strong><strong>launches R&amp;D lab for smart cities in Kazakhstan: <\/strong>UAE-based data analytics firm Presight established its first R&amp;D facility in Kazakhstan at the Alem AI center in Astana, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1433.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The new lab will focus on developing solutions in data analytics, artificial intelligence, and digital governance, and aims to support Kazakhstan\u2019s tech sovereignty goals. It will focus on sectors like smart cities and urban management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Presight in Kazakhstan: <\/strong>Earlier this year, the firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/302a9bf6-94fc-4a00-ad57-ac9c0798e745\/presight-launches%253cmark%253e-kazakhstan%253c%2Fmark%253e%25e2%2580%2599s-national-supercomputer\" style=\"\" rel=\"noopener\">launched Kazakhstan\u2019s first national supercomputer<\/a>. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/020bdbd8-01a8-4d3a-92ef-1e901c9d359d\/uae,-kazakhstan-ink-usd-5-bn-in-mous\" style=\"\" rel=\"noopener\">In May<\/a> it opened its first overseas office in the country, and said that it would deliver two Nvidia H200 superpods for a data center in Astana to support its smart city project. The regional office helped develop an AI Command and Control Center at Alem AI for smart city operations. In 2023, it also formed a JV with Kazakhstan\u2019s sovereign wealth fund to use Presight\u2019s data in its energy, public services, and transport sectors.<\/p>\n<p class=\"tag-border-left\">DEVELOPMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s Sheikh Ahmed Dalmook forms holding firm for impact investments: <\/strong>Dubai royal Sheikh Ahmed Dalmook Al Maktoum established Inma Emirates Holdings, a Dubai-based company consolidating his family office\u2019s investments in sustainable development projects across emerging markets, according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20251022108660\/en\/Sheikh-Ahmed-Dalmook-Al-Maktoum-of-Dubai-Establishes-Inm-Emirates-Holdings-to-Expand-Private-Impact-Investment-Portfolio\" style=\"\" rel=\"noopener\">press release<\/a>. The holding firm will target infrastructure, technology, and real estate ventures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inma\u2019s current portfolio<\/strong> includes a 50-year port concession in Pakistan with Abu Dhabi Ports, a 36.6 MW power plant in Equatorial Guinea, and backing for Talent Plus, a UAE-based digital economy firm. The company said it will pursue co-financing partnerships with governments and institutions.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-national-hotels-company\/\">Abu Dhabi National Hotels Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/department-of-municipalities-and-transport\/\">Department of Municipalities and Transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/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\/mair-group\/\">Mair Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space42\/\">Space42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108886\" 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=\"108886\">\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\/28\/forging-expense-reports-is-an-ai-risk-few-companies-saw-coming\/\">\r\n                            Forging expense reports is an AI risk few companies saw coming                        <\/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\/28\/forging-expense-reports-is-an-ai-risk-few-companies-saw-coming\/\" 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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Image generation software can now easily produce realistic images of expense receipts, complete with signatures and wrinkled paper visuals, sometimes proving too realistic to detect by humans.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More prevalent than you think: <\/strong>Some 70% of surveyed chief financial officers think employees are already using AI to falsify expenses, while 10% are sure this is happening in their company, the salmon-colored paper cited research by SAP Concur. AI-faked receipts amounted to some 14% of fraudulent documents in September, according to AppZen data, while a new software by fintech Ramp caught over USD 1 mn in fake invoices within 90 days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis isn\u2019t a future threat; it\u2019s already happening<\/strong>,\u201d expense management platform Rydoo\u2019s Sebastien Marchon told the FT, noting that while the percentage of AI-generated receipts out of non-compliant filed receipts might be small now, \u201cthis is only going to grow.\u201d A rise in faked expense reports can lead to a dramatic increase in expense fraud-related income loss, <a target=\"_blank\" href=\"https:\/\/ramp.com\/blog\/what-is-expense-fraud\" style=\"\" rel=\"noopener\">estimated in 2024 to cost US businesses<\/a> a median of USD 50k a year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fighting fire with fire: <\/strong>Companies are now turning to \u2014 you guessed it \u2014 AI tools to detect fake receipts. Scanning for image metadata and analyzing contextual information, as well as comparing receipts to authentic ones from the same vendor to detect slight changes in font or spacing, can reveal an image was faked and by which tool.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT-<\/strong> There are ways to fly under the radar of these tools as well. \u201cIt\u2019s a cat-and-mouse game,\u201d AppZen\u2019s CEO Anant Kale told the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/06\/business\/dealbook\/ai-receipts-expense-reports.html\" style=\"\" rel=\"noopener\">New York Times<\/a>.<\/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 mostly in the red this morning<\/strong>, with Japan\u2019s Nikkei inching down 0.4%, while Hong Kong\u2019s Hang Seng is down 0.1% in early trading. <strong>Over on Wall Street<\/strong>, futures are unchanged following a day of record highs for major indexes.<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,192<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +8.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,041<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +17.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,002<\/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: +20.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.7% 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\">11,620<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -3.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">38,162<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +28.3%)<\/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>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\">6,875<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +16.9%)<\/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>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\">9,654<\/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\">+0.1% (YTD: +18.1%)<\/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>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\">5,711<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +16.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 65.46<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.37<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.1<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,009<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 114,094<\/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: +22.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.78<\/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: +8.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">152.49<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +9.0%)<\/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\">15.79<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.5% (YTD: -9.0%)<\/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 fell 0.4% yesterday<\/strong> on turnover of AED 468.6 mn. The index is up 17.1% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Dubai National Ins. &amp; Reins. (+10.7%), Emirates Investment Bank (+9.5%) and GFH Financial Group (+2.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Chimera S&amp;P UAE Shariah ETF- Share class B - Income (-8.0%), Agility The Public Warehousing Company (-3.7%) and Al Ramz Corporation Investment and Development (-3.4%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index fell 0.1% on turnover of AED 999.6 mn. Meanwhile, Nasdaq Dubai was down 0.3%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108888\" 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\/28\/108888-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108888\" class=\"content-area-description single-story post-108888 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">OCTOBER<\/span> <span>     <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>27-29 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apcsummit.org\/\" style=\"\">Asia Pacific Cities Summit<\/a><\/span><span style=\"font-weight:400;\">, 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>28-29 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gifinsforum.com\/\" style=\"\">Gulf Ins. Forum<\/a><\/span><span style=\"font-weight:400;\">, Millennium Plaza Downtown Hotel Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 October (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dpc.org.ae\/en\/media-centre\/News\/Dubai-Press-Club-to-organise-10th-Emirati-Media-Forum-on-28-October\" style=\"\">Emirati Media Forum<\/a><\/span><span style=\"font-weight:400;\">, Museum of the Future in Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 <\/span><span>October - 19 November (Wednesday-Wednesday)<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adisummit.ae\/\" style=\"\">: Abu Dhabi Infrastructure Summit (ADIS)<\/a><\/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>29-31 October (Wednesday- Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ifswf.org\/\" style=\"\">International Forum of Sovereign Wealth Funds (IFSWF)<\/a><\/span><span style=\"font-weight:400;\">, ADGM, Al Maryah Island<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30-31 October (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cityscape-events.com\/ireis\/en\/home.html\" style=\"\">Ras Al Khaimah Global Real Estate and Investment Summit<\/a><\/span><span style=\"font-weight:400;\">, Al Hamra International Exhibition and Convention Centre<\/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>2-3 November (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g42.ai\/resources\/news\/ai-access-and-governance-take-center-stage-upcoming-abu-dhabi-global-ai-summit\" style=\"\">Abu Dhabi Global AI Summit<\/a><\/span><span>, Abu Dhabi Energy Center <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-6 November (Sunday-Tuesday): Institutional bookbuilding period for Almasar Education\u2019s IPO on Tadawul.<\/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>4-6 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gulfoodmanufacturing.com\/\" style=\"\">Gulfood Manufacturing<\/a><\/span><span style=\"font-weight:400;\"> 2025, Dubai World Trade Centre<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-9 November (Tuesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaidesignweek.ae\/\" style=\"\">Dubai Design Week<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-15 November (Monday-Saturday): SASC organizes <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.autonomous.abudhabi\/en\/\" style=\"\">Abu Dhabi Autonomous Week<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-15 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 style=\"font-weight:400;\">10-11 November (Monday-Tuesday) Future Cities Week, Dubai<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-17 November (Tuesday-Monday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubai2025.icom.museum\/programme\" style=\"\">International Council of Museums (ICOM) General Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaibusinessforum.com\/en\/home\" style=\"\">Dubai Business Forum<\/a><\/span><span style=\"font-weight:400;\">, Cipriani South Street, New York City.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-17 November (Wednesday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/robocupap.org\/\" style=\"\">RoboCup Asia-Pacific<\/a><\/span><span style=\"font-weight:400;\">, Khalifa University, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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=1761624114657733&usg=AOvVaw3pezv_620B28IYdJPYlZks\" 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>14 November (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adxcworld.com\/\" style=\"\">Abu Dhabi Extreme Championship<\/a><\/span><span style=\"font-weight:400;\">, Al Ain Region, Abu Dhabi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 November (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/myplantgardenme.com\/\" style=\"\">Myplant & Garden Middle East Green Expo<\/a><\/span><span style=\"font-weight:400;\">, Dubai Exhibition Center, Expo City.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-21 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiairshow.aero\/en\/home.html\" style=\"\">Dubai Airshow<\/a><\/span><span style=\"font-weight:400;\">, Al Maktoum International Airport, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18-19 November (Tuesday-Wednesday): Dubai Future Forum, Museum of the Future, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 November (Tuesday-Thursday): Retail subscription period for Almasar Education\u2019s IPO on Tadawul.<\/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 November (Wednesday): Final allocations for Almasar Education\u2019s IPO on Tadawul.<\/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>10 December (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/roscongress.org\/events\/rossiysko-emiratskiy-biznes-forum\/about\/\" style=\"\">UAE-Russia Business 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>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>31 January - 7 February (Saturday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abu-dhabi.platinumlist.net\/event-tickets\/mubadala-abu-dhabi-open?utm_source=Google&utm_medium=P-Max&utm_campaign=MADO2026-PMax-Conversion&gad_source=1&gad_campaignid=23138933896&gbraid=0AAAAAqSmmAEtRc4Im65PSU2vo--3YbKzh&gclid=CjwKCAjwgeLHBhBuEiwAL5gNEcmIDto53W6gHSmaL-f0vIhZZ7YXPJCKOOjQqUyhhzVAF6LaZUmGBBoCf7EQAvD_BwE\" style=\"\">Mubadala Abu Dhabi Open<\/a><\/span><span style=\"font-weight:400;\">, International Tennis Centre, Zayed Sports City<\/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\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>Aldar to invest AED 3.8 bn in Abu Dhabi portfolio | Fujairah fires up F3 plant | Mubadala joins new Crusoe round<\/p>\n","protected":false},"featured_media":108866,"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-108865","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1cef9bdd-9af1-412c-89c0-4f1d74b54c12","teaser":"Aldar to invest AED 3.8 bn in Abu Dhabi portfolio | Fujairah fires up F3 plant | Mubadala joins new Crusoe round","photo_url":"https:\/\/ent.news\/2025\/9\/1527.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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