{"id":108910,"date":"2025-10-29T00:00:00","date_gmt":"2025-10-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=108910"},"modified":"2025-12-15T05:22:46","modified_gmt":"2025-12-15T05:22:46","slug":"masdar-etihadwe-to-develop-3-5-gw-renewable-energy-projects-in-saudi-arabia","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/masdar-etihadwe-to-develop-3-5-gw-renewable-energy-projects-in-saudi-arabia\/","title":{"rendered":"Masdar, EtihadWe to develop 3.5 GW renewable energy projects in Saudi Arabia"},"content":{"rendered":"<section id=\"108912\" 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=\"108912\">\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\/29\/this-morning-emirates-nbds-push-in-india-could-move-ahead-as-indian-regulators-mull-raising-foreign-investment-cap-are-emirates-nbd-and-fab-eyeing-expansions-in-egypt\/\">\r\n                            THIS MORNING: Emirates NBD\u2019s push in India could move ahead as Indian regulators mull raising foreign investment cap + Are Emirates NBD and FAB eyeing expansions in Egypt?                        <\/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    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      <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/this-morning-emirates-nbds-push-in-india-could-move-ahead-as-indian-regulators-mull-raising-foreign-investment-cap-are-emirates-nbd-and-fab-eyeing-expansions-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108913\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/this-morning-emirates-nbds-push-in-india-could-move-ahead-as-indian-regulators-mull-raising-foreign-investment-cap-are-emirates-nbd-and-fab-eyeing-expansions-in-egypt\/899-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"899.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108912\" class=\"content-area-description single-story post-108912 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-banking tag-central-bank-of-the-uae tag-dubai-international-financial-center tag-egypt tag-enterpriseam-uae tag-fujairah tag-hsbc tag-jebel-ali-free-zone-authority tag-oil-and-gas tag-opec tag-opec-2 tag-sp tag-sp-global tag-uae-india-relations tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.b89e6acd-671b-4c38-b7b4-003b0ff8b240.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy hump day. <\/strong>Our issue today is packed with big energy-related news and earnings. <strong>The big story of the day?<\/strong> Masdar and EtihadWe\u2019s new renewable energy contracts in Saudi Arabia, which will see them develop some 3.5 GW of capacity in the Kingdom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the earnings side<\/strong>, we have updates from Adnoc Drilling, e&amp;, Dubai Islamic Bank, Aldar Properties and more for their 3Q financials. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: <\/strong>The ADGM is out with new regulations setting harsher fines on contraventions and expanding its regulatory powers. Let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Expect a high of 33\u00b0C and an overnight low of 25\u00b0C in both<strong> Dubai<\/strong> and <strong>Abu Dhabi<\/strong> today, as temperatures continue to cool down, according to our favorite weather app.<\/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- Good news for Emirates NBD\u2019s push in India: <\/strong>The Indian Finance Ministry and Reserve Bank of India are weighing a proposal to raise the foreign direct investment (FDI) limit in state-run banks to 49%, more than double its current cap, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/india-plans-hike-foreign-investment-cap-state-run-banks-49-source-says-2025-10-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, quoting unnamed sources. The proposed change would align public sector banks more closely with private lenders, where foreign ownership is permitted up to 74%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes as Emirates NBD prepares to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/879631e5-d1d0-41e2-8f32-53f3942aa99c\/enbd-moves-to-acquire-majority-stake-in-india%25e2%2580%2599s%253cmark%253e-rbl%253c%2Fmark%253e-bank\" style=\"\" rel=\"noopener\">acquire a USD 3 bn, 60% stake in RBL Bank<\/a><\/strong><strong>.<\/strong> The agreement is awaiting regulatory approvals due to the existing cap on foreign investments.<\/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- Speaking of Emirati banks\u2019 push abroad\u2026: <\/strong>Not one, but two Emirati lenders are said to be eyeing HSBC\u2019s retail business in Egypt, after the global bank said it\u2019s undertaking a \u201cstrategic review\u201d of the unit in Egypt. That\u2019s C-suite speak for \u201cwe\u2019re looking at options,\u201d which range from solicit offers for the business as part of a potential sale process to keep it as it is. HSBC hasn\u2019t said how long the review would take and there are no changes for retail customers now.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Disclaimer: <\/strong>This is all premature. HSBC isn\u2019t yet accepting expressions of interest and won\u2019t unless the review process it announced last week points in that direction. As it is, the review is just getting underway and the bank hasn\u2019t made any decisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, the posturing has already begun: <\/strong>Al Mal reported earlier this week that Emirates NBD is interested, quoting an unnamed source as saying the UAE-based lender was running \u201cpreliminary studies on the portfolio,\u201d while <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/banks\/104158\/%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%A7%D9%84%D8%A3%D9%88%D9%84-%D9%8A%D8%B3%D8%B9%D9%89-%D9%84%D8%B4%D8%B1%D8%A7%D8%A1-%D9%85%D8%AD%D9%81%D8%B8%D8%A9-%D8%A7%D9%84%D8%A3%D9%81%D8%B1%D8%A7%D8%AF-%D9%81%D9%8A-%D8%A8%D9%86%D9%83-hsbc-%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports that First Abu Dhabi Bank is also in talks to acquire its portfolio in Egypt. Its portfolio includes roughly EGP 20 bn in loans and EGP 120 bn in deposits. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our take: <\/strong>We\u2019d absolutely expect Emirates NBD to be interested \u2014 it\u2019s already pushing into India with a high-profile acquisition. We believe HSBC Egypt\u2019s retail portfolio is disproportionately weighted toward high-value clients attracted to its Premier proposition. We would be surprised if market heavyweight CIB isn\u2019t interested in having a look, as would QNB Al Ahly \u2014 if, indeed, HSBC Group decides the retail portfolio is up for grabs.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The UAE g<\/strong><strong>overnment is expected to maintain \u201csufficient net asset buffers to sustain<\/strong><strong> its spending plans<\/strong> through economic cycles or fluctuations in commodity prices,\u201d barring a prolonged external shock, S&amp;P Global\u2019s Sovereign Ratings Senior Analyst Juili Pargaonkar told EnterpriseAM in comments on the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/625c227a-5581-4d80-8df8-9ada0c1d7468\/uae-cabinet-approves-record-aed-92.4-bn-2026-budget\" style=\"\" rel=\"noopener\">record 2026 budget<\/a> approved by the cabinet on Monday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The final spending plan of the new budget sets out a whopping 29.2% y-o-y jump in expenditure and revenues to AED 92.4 bn compared to 2025\u2019s AED 71.5 bn budget. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201c<\/strong><strong>The main contributors to federal revenue include service fees, taxes, and investment <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>returns<\/strong> from key government-related entities such as Etisalat and Du,\u201d Pargaonkar said. \u201cProceeds from corporate tax and a global minimum tax of 15% on multinational companies, effective January 2025, are expected to bolster revenue from 2026,\u201d she added. What\u2019s excluded from the budget though are high-profile projects like the Saadiyat Cultural District, the expansion of Al Maktoum Airport, and The Wynn Integrated Resort in Ras Al Khaimah, which fall under each emirate\u2019s remit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&amp;P estimates the UAE's consolidated government liquid assets at 200% of GDP<\/strong>, according to Pargaokar. This substantial net asset position acts as a buffer against oil price volatility and other fiscal hurdles, Pargaonkar added. Inflation is also expected to remain in check despite the increase in spending, she added, citing the centrally administered prices for many basic goods, in addition to the AED\u2019s peg to the USD. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#4- <\/strong><strong>Fujairah gearing up to invest USD 500 mn into Hamra port?<\/strong> Fujairah will invest USD 500 mn into the initial phase of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc3b8ffd-5bbf-4fa0-88f1-22f96ebd9154\" style=\"\" rel=\"noopener\">planned USD 3 bn oil logistics zone<\/a> at Egypt\u2019s Al Hamra Port on the Mediterranean coast, an Egyptian government official told EnterpriseAM. The agreement comes after Fujairah and Egypt inked an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bdf5412d-d688-4190-8493-54973d778cac\" style=\"\" rel=\"noopener\">earlier this month<\/a> to set up a joint-stock company to advance the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The project is making headway and is expected to obtain a golden license, said the source. The project looks to boost exports to Europe via the Mediterranean as well as solidify Egypt\u2019s position as a regional center for energy trade. It also will reduce the cost of petroleum imports. Sources previously said that the project will be completed within three years from the date of construction \u2014 work on the superstructure will kick off early next year.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#5- <\/strong><strong>CBUAE <\/strong><strong>prepares new telemarketing rules for banks, FIs:<\/strong> The Central Bank of the UAE (CBUAE) is drafting a new regulatory framework for telemarketing for banking and financial services, according to <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/business\/local\/2025-10-28-1.1983289\" style=\"\" rel=\"noopener\">Emarat Al Youm<\/a>, which obtained a copy of the draft regulation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Requirements in the works: <\/strong>Firms will need to secure written board-level approval \u2014 and, in some cases, approval from the CBUAE \u2014 before contacting customers. They\u2019ll also need to obtain prior consent and maintain an up-to-date, do-not-call register for customers opting out of further contact, along with a guide explaining how to opt out of calls and a communication channel for queries. It will also specify the digital, written, and verbal methods to secure customers\u2019 consent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The draft regs will limit calls to between 9am-6pm from Monday to Friday, and 12pm-5pm on Saturday and Sunday<\/strong>, and require intensive training of telemarketing employees on customer privacy and ethical standards. No calls will be permitted on official holidays, while institutions must comply with any preferred contact time specified by customers. <\/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=\"wwtt5\"><\/a> <strong>#6- UAE to roll out emirate-specific online gaming licences? <\/strong>The UAE\u2019s General Commercial Gaming Regulatory Authority (GCGRA) is expected to adopt a one-license-per-emirate model for online gaming, mirroring the framework used for land-based casinos, <a target=\"_blank\" href=\"https:\/\/asgam.com\/2025\/10\/26\/uae-to-offer-up-to-one-online-gaming-license-for-each-of-its-seven-emirates-mirroring-land-based-model-report\/\" style=\"\" rel=\"noopener\">Inside Asian Gaming<\/a> reported, citing a <a target=\"_blank\" href=\"https:\/\/www.vixio.com\/gambling-compliance\" style=\"\" rel=\"noopener\">Vixio GamblingCompliance<\/a> report quoting sources familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Under the model<\/strong>, each of the country\u2019s seven emirates may issue a single B2C online gaming license with the GCGRA to firms, with individual emirates deciding whether or not to participate. Only two or three emirates are likely to opt in for online gaming operations, industry observers told Vixio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Estonia-based gaming group Yolo Group subsidiaries Hub88 Holdings and Live Online Gaming Services (Live88) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a97044c9-2539-4e1a-8abf-9b04577d0923\/china-southern-glass-to-open-aed-300-mn-kezad-facility-%2B-emirates-float-glass-to-double-capacity\" style=\"\" rel=\"noopener\">received gaming-related vendor licenses<\/a> from the General Commercial Gaming Regulatory Authority (GCGRA) last week, making Live88 the UAE\u2019s first licensed live online casino, and allowing Yolo to supply B2B iGaming content to the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The UAE became the first regulated gaming market in the GCC after issuing its national gaming framework <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/71e8adcd-e41f-4aa6-b89f-c7f7e72149c3\" style=\"\" rel=\"noopener\">last year<\/a>. The GCGRA has since rolled out key licenses, including the country\u2019s first lottery license to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/71e8adcd-e41f-4aa6-b89f-c7f7e72149c3\/uae-athletes-kick-off-olympics-2024-campaign-%2B-first-ever-lottery-license-awarded\" style=\"\" rel=\"noopener\">The Game<\/a>, vendor approvals for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5ea35903-90f6-45a2-9f15-988b7cc9cfc5\/ad-ports%25e2%2580%2599-kezad-expands-al-ma%25e2%2580%2599mourah-project-with-business-district\" style=\"\" rel=\"noopener\">TCSJohnHuxley<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/591afdbb-9797-451a-b290-1d9d66006798\/investcorp-capital-expands-us-industrial-real-estate-portfolio-with-new-acquisitions\" style=\"\" rel=\"noopener\">Australia\u2019s Aristocrat<\/a>, and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af6875d3-a0a7-4882-be75-ecd8eb6ade60\/this-morning:-first%253cmark%253e-gaming%253c%2Fmark%253e-license-handed-to-wynn-resorts-for-marjan-resort-%2B-some-teachers-to-get-golden-visas%3F\" style=\"\" rel=\"noopener\">commercial gaming license<\/a> for Wynn Resorts, which is set to be the first integrated gaming resort in the MENA region.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- <\/strong><strong>Dubai <\/strong><strong>links trade and finance under new dual-zone framework: <\/strong><a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/en\" style=\"\" rel=\"noopener\">DP World<\/a> \u2019s Jebel Ali Freezone Authority (Jafza) and the Dubai International Financial Centre (DIFC) have inked an agreement creating a unified framework for companies seeking to operate across both industrial and financial ecosystems, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/october\/28-10\/jafza-and-difc-explore-framework-for-dual-zone-operations-for-companies\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The arrangement would connect Jafza\u2019s manufacturing logistics base with DIFC\u2019s financial infrastructure. It would allow companies to use DIFC for holding structures, family offices, and investment vehicles \u2014 with access to banks and financial advisory services under DIFC\u2019S regulatory regime \u2014 and use Jafza for manufacturing, warehousing, distribution, and other supply chain services through Jebel Ali Port. <\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Dubai<\/strong><strong> residents will be able to pay government service fees via digital wallet <\/strong><strong>platforms <\/strong>including Apple Pay, Google Pay, and Alipay, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/october\/28-10\/dubai-finance\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a> statement citing Dubai Finance. The rollout, integrated with Dubai Pay and the DubaiNow app, covers services across all Dubai government entities and is expected to be completed by the end of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Settlements for unattested leases in Sharjah: <\/strong>Sharjah\u2019s Executive Council (SEC) approved a temporary settlement scheme for unattested lease contracts, <a target=\"_blank\" href=\"https:\/\/sharjah24.ae\/en\/Articles\/2025\/10\/28\/aa8\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. Those responsible for attesting contracts will receive a 50% exemption on attestation fees and a waiver of administration fines for non-attestation on unattested lease contracts signed before the implementation of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3ecd371c-0889-46b7-96b1-b5ba89001414\/sharjah-rolls-out-new-rent-law\" style=\"\" rel=\"noopener\">emirate\u2019s new real estate law<\/a>. The exemptions \u2014 covering residential, commercial, industrial, and investment contracts \u2014 will be valid from 1 November to 31 December. <\/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> wraps today<\/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> also wraps today<\/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- The Abu Dhabi Infrastructure Summit Roadshow will head to<\/strong> <strong>China today<\/strong> after its first leg in Singapore, before wrapping up in Ankara and Istanbul in November, state news agency <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:\/\/gifinsforum.com\/\" style=\"\" rel=\"noopener\">Annual Gulf Ins. Forum<\/a><\/strong><strong> ends today <\/strong>at the Millennium Plaza Downtown Hotel, Dubai. 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>#6- 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<\/a><\/strong> <strong> kicks off today and runs through<\/strong><strong> to Friday<\/strong> at ADGM. Hosted by Abu Dhabi Investment Authority 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>#7- 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 today <\/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>A mix of Big Tech news and headlines from the region are getting attention this morning<\/strong>: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Israel-Hamas ceasefire seems to be in its most fragile state yet<\/strong>, after Israel launched military strikes on Gaza yesterday, killing 26 people. An Israeli military official said the strike was in response to an attack from Hamas against Israeli military forces in an area within Gaza that is under Israeli control. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/netanyahu-says-israel-will-respond-after-hamas-hands-over-remains-not-belonging-2025-10-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-28\/netanyahu-tells-military-to-strike-gaza-jeopardizing-ceasefire?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f2b25bc1-58ac-40cc-96c1-756672fee14e\" 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>#2- OpenAI is likely on track for a public listing<\/strong>, after a restructuring agreement with Microsoft that will see it abandon its nonprofit roots and turn into a public benefit corporation controlled by a nonprofit, as it looks to fund ambitious plans for data centers and AI technology. Microsoft will retain its 27% stake in the firm under the agreement. Its shares rose 2.5% on the news, sending its valuation above USD 4 tn. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/microsoft-openai-reach-new-deal-allow-openai-restructure-2025-10-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/74d537c6-bd80-4797-9897-3d5455dfc414\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/tech\/tech-news\/microsoft-openai-reach-new-deal-valuing-openai-500-billion-rcna240255\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/ai\/openai-converts-to-public-benefit-corporation-with-microsoft-taking-27-stake-714a6c05?mod=hp_lead_pos3\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Also joining the USD 4 tn club yesterday: Apple<\/strong>, which is benefitting from an ongoing rally prompted by positive sales momentum for its new iPhone 17. Only Nvidia and Microsoft have hit the USD 4 tn mark. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/apple-races-past-4-trillion-market-value-latest-models-revitalize-iphone-sales-2025-10-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- As for the USD 5 tn club\u2026:<\/strong> Nvidia was close to touching the USD 5 tn mark after its shares soared 5% yesterday, briefly touching USD 4.94 tn before settling at USD 4.89 tn. This came after it said it had USD 500 bn in bookings for its AI processors. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/nvidias-stock-market-value-nears-record-5-trillion-2025-10-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other headlines from the firm: <\/strong><\/p>\n<ul>\n<li><strong>The company is taking a stake in Nokia for USD 1 bn<\/strong>, with plans to work together on 6G technology. Nokia\u2019s shares soared 22% on the news. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/28\/nvidia-nokia-ai.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/075c6d4e-7319-45c7-9de8-49da908aa594\" style=\"\" rel=\"noopener\">FT<\/a> <strong>)<\/strong><\/li>\n<li><strong>Nvidia CEO dismissed concerns of an AI bubble<\/strong>, saying everyone\u2019s \u201chappily paying\u201d for and enjoying AI models, as it struck industry partnerships with Uber, CrowdStrike, and Palantir Technologies. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-28\/nvidia-s-huang-works-to-convince-investors-there-s-no-ai-bubble?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Could Elon Musk leave Tesla?<\/strong> That\u2019s what he\u2019s threatening to do if he does not get his USD 1 tn pay package in a shareholder vote next week. The chair of the board of the EV maker already said they\u2019re lining up candidates to replace him as CEO in case that happens. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-28\/tesla-chair-says-it-s-unclear-if-musk-pay-package-wins-approval?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<span style=\"background-color: transparent;\">&nbsp;<\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ope<\/strong><strong>c+ likely to opt for another modest output bump for December: <\/strong>The oil cartel is expected to sign off this Sunday on another 137k bbl \/ d increase to December output targets, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-leaning-towards-another-small-oil-output-increase-sources-say-2025-10-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing two of four sources briefed on the talks. Some members think the group should pause the monthly increases to account for seasonal demand weakness heading into the northern hemisphere winter, Reuters said, citing a fifth source. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Price impact has been mixed:<\/strong> Earlier Opec+ supply additions helped push Brent to a five-month low this month on concerts about a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/75991a74-0740-44e7-9e78-5ff31bb2c84e\/\" style=\"\" rel=\"noopener\">looming surplus<\/a>. Prices then rebounded to some <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-today-dow-sp-500-nasdaq-10-23-2025\/card\/crude-rallies-after-trump-sanctions-russian-oil-giants-FW7IfZ1bRhqkJr95ncFS\" style=\"\" rel=\"noopener\">USD 66<\/a> a barrel after the US slapped <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8be497ae-839a-4750-81ec-82bae0b505ee\/\" style=\"\" rel=\"noopener\">sanctions<\/a> on Russia\u2019s top two oil firms \u2014 Rosneft and Lukoil \u2014 calming glut fears. Trump\u2019s move could potentially strip at least some 1.5 mn bbl \/ d from the sanctions-abiding oil market, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/saudi-opec-strategy-pulled-by-warring-us-russia-interests-2025-10-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> \u2019 calculations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the cuts stand now: <\/strong>The 5.85 mn bbl \/ d Opec+ reduction package comprised 2.2 mn bbl \/ d and 1.65 mn bbl \/ d of voluntary cuts from the eight members, plus a 2 mn bbl \/ d cut from the full group. The eight members unwound the full 2.2 mn bbl \/ d layer by end-September and began unwinding the 1.65 mn bbl \/ d layer with two 137k bbl \/ d increases in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dec3ebcc-a13c-4872-8c1b-7202f8ceace6\/\" style=\"\" rel=\"noopener\">October<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bc59d77d-78b0-4a7c-9c84-96a7c3d9282f\/\" style=\"\" rel=\"noopener\">November<\/a>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global LNG<\/strong><strong> supply is set to swell this decade: <\/strong>Some 300 bcm per year of new liquefaction capacity is scheduled to come online by 2030, translating into a potential 250 bcm \/ year of net LNG supply growth over the same period, according to the International Energy Agency\u2019s (IEA) Gas 2025 <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1527.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. The agency expects the surge to weigh on prices \u2014 barring major disruptions \u2014 and pull more demand into the market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand outlook still climbing:<\/strong> Global gas demand is seen climbing by 1.5% annually through 2030 in the IEA\u2019s base case \u2014 or by 380 bcm in absolute terms. About half of that growth \u2014 roughly 190 bcm \u2014 would come from the Asia Pacific, with the Middle East accounting for close to 30% of the non-Asia share, adding more than 50 bcm of demand over the period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Natural gas output across the Middle East is forecast to expand by more than 20%<\/strong> \u2014 some 165 bcm \u2014 between 2024 and 2030, with Saudi Arabia expected to add almost 40 bcm over the period, while the UAE would add around 20 bcm through 2030. <\/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\" 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class=\"\r\n                story-section            \"\r\n            id=\"108915\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/masdar-etihadwe-to-develop-solar-wind-projects-in-saudi-arabia\/\">\r\n                            Masdar, EtihadWE to develop solar and wind projects in Saudi Arabia                        <\/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          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href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/masdar-etihadwe-to-develop-solar-wind-projects-in-saudi-arabia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1582.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108916\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/masdar-etihadwe-to-develop-solar-wind-projects-in-saudi-arabia\/1582-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1582.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1582.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1582.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1582.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108915\" class=\"content-area-description single-story post-108915 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam-uae tag-masdar tag-saudi-arabia tag-solar-energy 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\/.1474f8a0-eb0d-473f-ac8b-46717f8c029d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>U<\/strong><strong>AE firms feature prominently in Saudi\u2019s latest renewables round: <\/strong>Masdar and EtihadWE were awarded three solar and wind energy projects by the Saudi Power Procurement Company, according to a <a target=\"_blank\" href=\"https:\/\/www.moenergy.gov.sa\/ar\/media-center\/news\/principal-buyer-awards-five-renewable-projects-achieving-new-record-capacity\" style=\"\" rel=\"noopener\">statement<\/a>. The two firms will develop 3.5 GW out of the 4.5 GW, USD 2.4 bn round. The exact value of the projects wasn\u2019t disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Abu Dhabi\u2019s Masdar secured two solar projects<\/strong><span style=\"background-color: transparent;\"> \u2014 the 1.4 GW Najran plant and the 600 MW Al Darb project in Jazan \u2014 both cleared at record-level tariffs, with the Najran project seeing the world\u2019s second-lowest cost for electricity generation from solar power on record at USD 0.0104 \/ kWh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Water and Electricity (EtihadWE) on the other hand secured the contract<\/strong><strong> for<\/strong> <strong>the 1.5 GW Al Dawadmi project<\/strong> alongside Korea\u2019s Electric Power Corporation and Saudi\u2019s Nesma Renewable Energy, with a record low wind power generation cost at USD 0.0133 \/ kWh, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move seems to mark EtihadWE\u2019s first venture in the GCC<\/strong>, as the company\u2019s sole foreign venture we heard of was a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ef33cf58-e2e2-4685-a95d-a8d0c415af0f\/masdar-inaugurates-500-mw-zarafshan-wind-farm\" style=\"\" rel=\"noopener\">joint development agreement<\/a> last year with Uzbekistan\u2019s Energy Ministry and its Investment, Industry, and Trade Ministry, and JSC Thermal Power Plants for the 320 MW Mubaraka power plant. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026unlike Masdar, which is active in the region:<\/strong> The company reached <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/311265ad-f738-41b4-80a1-fe11e8369619\/\" style=\"\" rel=\"noopener\">financial close<\/a> on the USD 1.1 bn, 2 GW Al Sadawi solar project in Saudi Arabia in August, and is working with consortiums on other projects across the region. That includes plans to develop <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f309f6f1-9d93-4655-b21e-dac840b8b719\/\" style=\"\" rel=\"noopener\">the 500 MW Ibri III solar plant<\/a> and 100 MWh BESS system in Oman with an investment of USD 300 mn. It\u2019s also among five <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/614d785f-6a9e-486c-affa-3d93be934a30\/\" style=\"\" rel=\"noopener\">shortlisted to bid<\/a> for Kuwait\u2019s 500 MW Al Dibdibah and Al Shagaya solar projects.. <\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108917\" 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=\"108917\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/tabreed-lines-up-aed-1-8-bn-shariah-compliant-facility\/\">\r\n                            Tabreed lines up AED 1.8 bn shariah-compliant 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 href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/tabreed-lines-up-aed-1-8-bn-shariah-compliant-facility\/\" 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 six-year loan, split between AED and USD tranches, includes AED 1 bn in green financing. <\/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;\">Earlier this month, CEO Khalid Al Marzouqi mentioned that Tabreed is exploring <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fdabb517-0b3b-4a8d-bc86-d4248351ec25\/data-center-capacity-to-nearly-triple-in-the-next-three-years--emirates-nbd\" rel=\"noopener\">investment windows in the data center sector<\/a><span style=\"background-color: transparent;\">, citing strong growth possibilities driven by the industry\u2019s heavy reliance on advanced cooling systems, adding that they will use various financing tools and support from key partners Mubadala and Engie to fund its expansion. It is also assessing other potential growth areas, including <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6f4e339b-279d-4c36-832f-40bc48737612\/this-morning:-adnoc-could-reportedly-slow-down-its-m&amp;a-spree-amid-falling-oil-prices-%2B-trump-linked-btc-miner-sets-up-shop-in-dubai\" rel=\"noopener\">cooling services around Dubai\u2019s upcoming Al Maktoum International Airport<\/a><span style=\"background-color: transparent;\">. It recently completed its acquisition of <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/50d4355f-74de-4fcc-9bdf-b4364c232995\/multiply-group-agrees-to-offload-pal-cooling-to-tabreed-%2B-cvc\" rel=\"noopener\">PAL Cooling Holding<\/a><span style=\"background-color: transparent;\"> in a transaction worth an equity value of AED 3.8 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax<\/strong><strong>:<\/strong> Tabreed\u2019s shares rose 0.3% to AED 3.06 at yesterday\u2019s close.<\/p>\n<p class=\"tag-border-left\">OTHER DEBT NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD is also handing Indian carrier IndiGo an aircraft finance lease facility to<\/strong><strong> fund the acquisition of two Airbus A321neo aircraft<\/strong>, as per a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-nbd-completes-finance-lease-facility-of-two-a321neo-aircraft-for-indigo-ulxflb3g\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-nbd-completes-finance-lease-facility-of-two-a321neo-aircraft-for-indigo-ulxflb3g\" style=\"\" rel=\"noopener\">release<\/a>. This comes as the largest Indian airline expands aggressively to meet rising demand and scale routes \u2014 with some 58 aircraft added in 2024 alone. The carrier has a fleet of over 400 aircraft, operates 2.2k daily flights, and has accommodated 118 mn passengers in FY 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plenty of UAE ties to IndiGo: <\/strong>The Abu Dhabi Investment Council was among IndiGo\u2019s anchor investors in its 2015 IPO. Dubai Aerospace Enterprise leased seven Airbus A321neo jets to IndiGo in 2021, as per a separate <a target=\"_blank\" href=\"https:\/\/dubaiaerospace.com\/2021\/02\/23\/dae-signs-lease-agreement-with-indigo\/\" style=\"\" rel=\"noopener\">press release<\/a>. <\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-sukuk\/\">Green sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tabreed\/\">Tabreed<\/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=\"108919 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=\"108919\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/108919-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108919\" class=\"content-area-description single-story post-108919 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=\"108920\" 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=\"108920\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/adgm-overhauls-enforcement-rules-with-new-fines-settlement-framework\/\">\r\n                            ADGM overhauls enforcement rules with new fines + settlement framework                        <\/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\/29\/adgm-overhauls-enforcement-rules-with-new-fines-settlement-framework\/\" 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 new regulations took effect immediately upon publication. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">A unified regime for all contraventions: <\/strong><span style=\"background-color: transparent;\">All RA enforcement, investigation, and sanctioning powers are consolidated under one framework governing every entity subject to ADGM\u2019s commercial laws. The reforms establish two main contravention categories \u2014 Tier 1 and Tier 2 \u2014 each with its own process and penalty ceiling. For both tiers, fined parties have 30 days to seek reduction or revocation.<\/span><\/p>\n<ul>\n<li><strong>Tier 1 contraventions <\/strong>cover minor breaches, with fines capped at USD 2k, which must be paid within 30 days of receiving notice. Firms can file statements of representatives within 30 days to seek reduction or revocation;<\/li>\n<li><strong>Tier 2 contraventions <\/strong>include more serious offenses and carry fines of up to USD 54 mn, along with other enforcement actions such as license suspension for up to 12 months, cancellation, disqualification, prohibition orders, imposition of certain requirements, changes to the type of license issued, and striking contravening parties off the register. The RA will first issue a written warning notice, setting a deadline for the party to submit any material to challenge the issuance. The authority can then issue a decision notice upholding the fine or a discontinuance notice annulling it. The two parties can also enter into a settlement.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Repeat contraventions: <\/strong>ADGM can impose higher fines through a decision notice if another Tier 2 contravention is committed within 12 months of the first.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expanded investigative and supervisory tools: <\/strong>The RA also now has explicit authority to compile information from any connected person, verify submission, and appoint investigators to conduct targeted reviews. It can now also issue supervisory notices without going through the full enforcement process, allowing for immediate license variation or new compliance requirements when risks are identified. <strong> <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new rule gives the RA\u2019s CEO statutory exceptional powers<\/strong> to suspend or cancel licenses, or issue prohibition orders immediately \u2014 bypassing Tier 2 procedures when there is serious contravention, criminal suspicion, or imminent material harm to consumers, market confidence, or public safety. The CEO must issue an exceptional notice setting out grounds, actions taken, and the right to judicial review before the ADGM courts.<\/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\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108922\" 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=\"108922\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/\">\r\n                            Adnoc Drilling, e&amp;, DIB, Aldar, Ghitha, and more report 3Q earnings                        <\/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\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/\" 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\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/')\">\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\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/\">\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=Adnoc Drilling, e&#038;, DIB, Aldar, Ghitha, and more report 3Q earnings&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/\">\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\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/&title=Adnoc Drilling, e&#038;, DIB, Aldar, Ghitha, and more report 3Q earnings\">\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=Adnoc+Drilling%2C+e%26%23038%3B%2C+DIB%2C+Aldar%2C+Ghitha%2C+and+more+report+3Q+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F29%2Fadnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings%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\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108923\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/adnoc-drilling-e-dib-aldar-ghitha-and-more-report-3q-earnings\/2689-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2689.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2689.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108922\" class=\"content-area-description single-story post-108922 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc-drilling tag-aldar-properties tag-dubai-islamic-bank tag-e tag-earnings-watch tag-enterpriseam-uae tag-ghitha-holding 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\/.162fa893-9e9b-47c7-9c84-ef05cb7c890d.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">ADNOC DRILLING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc\u2019s<\/strong><strong> drilling arm saw its net income increase 10% y-o-y to USD 368 mn in 3Q 2025<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1514.pdf\" style=\"\" rel=\"noopener\">management discussion and analysis report (pdf)<\/a>. Its revenues hit a record USD 1.3 bn, up 23% y-o-y, as the firm expanded its operations and new rigs came online over the course of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Adnoc Drilling\u2019s unconventional segment contributed more to revenues than previous quarters<\/strong><span style=\"background-color: transparent;\">, with a 370% y-o-y increase to USD 158 mn, as it works through contracts such as the <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49e0450c-39e4-41d8-8e41-4a8c4e939356\/adnoc-drilling-closes-turnwell-jv-agreement-with-slb-and-patterson-uti\" rel=\"noopener\">USD 1.7 bn it was awarded by Adnoc<\/a><span style=\"background-color: transparent;\"> in May to recover unconventional energy resources across 144 wells in the UAE, according to its <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1513.pdf\" rel=\"noopener\">earnings release (pdf)<\/a><span style=\"background-color: transparent;\">. This was good news for its revenues, given the high returns it offers, the release said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 9M 2025, its net income after tax rose 17% y-o-y to USD <\/strong><strong>1.<\/strong><strong>1 bn<\/strong>, while revenues rose 27% y-o-y to USD 3.6 bn. It also secured a record USD 5 bn in contracts during the period, according to the release. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The company\u2019s board approved a dividend payout of USD 250 mn for 3Q 2025 \u2014 its highest ever, after it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6659a09d-b211-4052-b3c2-037a9e1f784a\/adnoc-units-to-distribute-aed-158-bn-in%253cmark%253e-dividends%253c%2Fmark%253e-by-the-end-of-the-decade-%2B-adnoc-gas-lands-aed-147-bn-ruwais-lng-feedstock-agreement\" style=\"\" rel=\"noopener\">increased its dividend distribution floor<\/a> to AED 25 bn by 2030, and to AED 3.7 bn in 2025 (+27% y-o-y). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>The company updated its revenue forecast to up to USD 4.9 bn for 2026, up from a previous forecast of between USD 4.7-4.8 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also set to boost net income:<\/strong> Decreasing interest rates, CFO Youssef Salem told Asharq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-reports\/104260\/%D8%A3%D8%AF%D9%86%D9%88%D9%83-%D8%AA%D8%B3%D8%AA%D9%81%D9%8A%D8%AF-%D9%85%D9%86-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-%D9%88%D9%84%D8%A7-%D8%AA%D8%AA%D8%A3%D8%AB%D8%B1-%D8%A8%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7\/\" style=\"\" rel=\"noopener\">watch, runtime: 9:51<\/a>), which will be good considering the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/afc36bc1-c7e3-4870-8ee4-622725efc60a\/adnoc-drilling-raises-usd-2-bn-from-loan,-credit-facility\" style=\"\" rel=\"noopener\">USD 2 bn in financing facilities<\/a> it raised recently, which feature variable rates. <\/p>\n<p class=\"tag-border-left\">ALDAR PROPERTIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate developer Aldar Properties reported AED 1.9 bn in 3Q 2025 net<\/strong><strong> income, up 49% y-o-y<\/strong>, with revenues rising 44% y-o-y to AED 8.0 bn, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1508.pdf\" style=\"\" rel=\"noopener\">earnings presentation (pdf)<\/a>. The group\u2019s 9M 2025 net income hit AED 5.9 bn, rising 30% y-o-y, while revenue was up 43% y-o-y to AED 23.5 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The performance was underpinned by growth across both of the group\u2019s platforms<\/strong>, with Aldar Development\u2019s growth driven by becoming a \u201cleading destination builder, diversifying product and customer segments, and replenishing strategic landbank\u201d in the UAE. Its revenues grew 51% y-o-y in 3Q 2025 to AED 5.8 bn, while revenues were up 50% y-o-y on a 9M basis to AED 17.1 bn as it expanded in Egypt and the UAE \u201corganically and through land replenishments\u201d and entered new markets. Aldar\u2019s development backlog is now sitting at AED 66.5 bn, hitting a new record, with the vast majority of that figure in the UAE. Aldar Investment also saw growth supported by acquisitions, as well as several assets coming online.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Group-wide development sales grew 2% y-o-y in 3Q to AED 10.2 bn<\/strong> and 19% y-o-y to AED 28.5 bn. UAE sales hit AED 9.1 bn during the third quarter and AED 26.5 bn across the first nine months of the year.<\/p>\n<p class=\"tag-border-left\">e&amp;- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>Telecommunications Group Company (e&amp;) reported a 0.8% y-o-y rise in <\/strong><strong>net <\/strong><strong>income attributable to owners to<\/strong><strong> AED 3 bn<\/strong> in 3Q 2025, while revenues climbed 29.2% y-o-y to AED 18.6 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1548.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a> and a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1549.pdf\" style=\"\" rel=\"noopener\">separate earnings release (pdf)<\/a>. The group\u2019s subscriber base increased 14% y-o-y to 202.2 mn in 3Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the first nine months of 2025<\/strong>, the firm\u2019s bottom line jumped to AED 13.2 bn from AED 8.2 bn the year before, amid sustained expansion in international operations following the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/71906abf-f2ee-44c5-b9b1-6dcac2f66577\/e&amp;-jv-e&amp;-ppf-completes-acquisition-of-serbia-broadband\" style=\"\" rel=\"noopener\">consolidation of e&amp; PPF<\/a>, with international revenues jumping 57.2% y-o-y to reach AED 23.6 bn during 9M. Total revenues reached AED 53.5 bn, marking a 25.3% increase from 9M 2024. <\/p>\n<p class=\"tag-border-left\">DUBAI ISLAMIC BANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai <\/strong><strong>Islamic Bank (DIB) reported a net income of AED 2.0 bn in 3Q 2025<\/strong>, down 5.8% compared to 3Q 2024, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1552.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a> and a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1551.pdf\" style=\"\" rel=\"noopener\">separate earnings release (pdf)<\/a>. The bank\u2019s total income rose 5.6% y-o-y to AED 6.0 bn, driven by an uptick in income from commission, fees, and foreign exchange, as well as from held investments and properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the nine-month period, <\/strong>DIB\u2019s net income rose 4.3% y-o-y to AED 5.7 bn for 9M 2025. The lender recorded a 2.2% y-o-y increase in total income to AED 17.4 bn for the same period. An uptick in non-funded income, strong margins, and increased business volumes drove growth.<\/p>\n<p class=\"tag-border-left\">NMDC ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NMDC Energy posts 3Q <\/strong><strong>results<\/strong><strong>:<\/strong> NMDC Energy \u2014 a subsidiary of the National Marine Dredging Company (NMDC) \u2014 recorded an 8.5% y-o-y drop in net income to AED 367.6 mn in 3Q 2025, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1515.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The firm\u2019s top line rose 22% y-o-y to AED 4.8 bn during the quarter <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 9M basis:<\/strong> NMDC Energy saw its net income rise 5% y-o-y to AED 950.9 mn for 9M 2025, driven by solid backlog execution and operational strength, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1600.pdf\" style=\"\" rel=\"noopener\">management discussion and analysis report (pdf)<\/a>. The company\u2019s revenues increased 33% y-o-y to AED 13 bn during the same period, with global market operations accounting for some 31% of the firm\u2019s revenues during the period. NMDC Energy secured an AED 9.7 bn engineering, procurement, and construction contract for a local project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e609bb0d-3e51-4482-94c6-e3d412f17b7d\/adtic-invests-usd-120-mn-in-hotel-in-egypt%25e2%2580%2599s-giza-pyramids-area\" style=\"\" rel=\"noopener\">in March<\/a>. It also announced plans to invest USD 500 mn in a dedicated offshore wind vessel back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/94c67ee4-60b3-4b3a-8c84-3d9e91743e27\/%253cmark%253enmdc-energy%253c%2Fmark%253e-to-invest-usd-500-mn-in-dedicated-offshore-wind-vessel\" style=\"\" rel=\"noopener\">in February<\/a>.<\/p>\n<p class=\"tag-border-left\">GHITHA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based food manufacturer <\/strong><strong>Ghitha <\/strong><strong>Holding saw its net income drop to AED 25.4 <\/strong><strong>mn in 3Q 2025<\/strong>, down from AED 42.5 mn the year before, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1518.pdf\" style=\"\" rel=\"noopener\">quarterly financials (pdf)<\/a>. Total revenues surged to AED 1.3 bn, up 14.3% y-o-y, driven primarily by higher sales of food and non-food goods. Gross earnings climbed 23.7% to AED 280.7 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the nine-month period<\/strong>, the group reported a revenue of AED 4.0 bn, up 9.2% y-o-y, with its bottom line seeing a steep drop to AED 80 mn, down from AED 2.8 bn in 9M 2024, which had seen a AED 2.7 bn gain from the derecognition of a subsidiary.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the results: <\/strong>Strong performance across core activities and acquisitions drove earnings for the quarter \u2014 which saw Ghitha restructure its agricultural and fresh food operations via its subsidiary NRTC Food Holding, in a bid to enhance its supply-chain value, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1525.pdf\" style=\"\" rel=\"noopener\">separate earnings release (pdf)<\/a>. Inflows from its 2024 acquisition <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bb22d9c8-cb4c-4cda-b8bd-27d48b20d648\/indian-crypto-unicorn-acquires-dubai%25e2%2580%2599s-bitoasis\" style=\"\" rel=\"noopener\">of Arabian Farms<\/a> also boosted its balance sheet, along with its March takeover of Al Jazira Poultry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-drilling\/\">Adnoc Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ghitha-holding\/\">Ghitha Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108924 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=\"108924\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/108924-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108924\" class=\"content-area-description single-story post-108924 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=\"108925\" 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=\"108925\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/a-new-exec-for-jpmorgan-private-bank-in-dubai\/\">\r\n                            A new exec for JPMorgan Private Bank in Dubai                        <\/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\/29\/a-new-exec-for-jpmorgan-private-bank-in-dubai\/\" 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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Nader will join JPMorgan\u2019s Dubai office, serving the firm\u2019s regional ultra-high-net-worth clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Nader has over two decades of experience in private banking, wealth management, and corporate and investment banking.<\/strong><span style=\"background-color: transparent;\"> He joins the firm from Abu Dhabi Commercial Bank \u2014 where he was an executive manager in its private banking segment \u2014 and previously served as head of the credit department at the Bank of Sharjah.<\/span><\/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\/jp-morgan\/\">JP Morgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108927\" 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=\"108927\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/\">\r\n                            Global banks, aviation, and energy players flock to the UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/\" 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\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/')\">\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\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/\">\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=Global banks, aviation, and energy players flock to the UAE&url=https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/\">\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\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/&title=Global banks, aviation, and energy players flock to the UAE\">\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=Global+banks%2C+aviation%2C+and+energy+players+flock+to+the+UAE+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F10%2F29%2Fglobal-banks-aviation-and-energy-players-flock-to-the-uae%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\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/650.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"108928\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/global-banks-aviation-and-energy-players-flock-to-the-uae\/650-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/650.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"650.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/650.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/650.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108927\" class=\"content-area-description single-story post-108927 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adgm tag-also-on-our-radar tag-artificial-intelligence tag-aviation tag-debt tag-dp-world tag-dubai-international-financial-center tag-emirates-nbd tag-energy tag-enterpriseam-uae tag-financial-services-regulatory-authority tag-fintech tag-g42 tag-logistics tag-roads-and-transport-authority tag-uae-india-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.651c3b67-0211-4c35-9f01-e3362da51e84.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">PAYMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Crown Agents subsidiary to set up shop in ADGM: <\/strong>CAB Global Markets, UK-based Crown Agents Bank\u2019s new Middle Eastern subsidiary, secured in-principal approval from ADGM\u2019s Financial Services Regulatory Authority for a category 2 financial services permission, according to a <a target=\"_blank\" href=\"https:\/\/www.crownagentsbank.com\/crown-agents-bank-secures-in-principle-approval-for-category-2-licence\/\" style=\"\" rel=\"noopener\">press release<\/a>. The lender provides foreign exchange, cross-border payments, trade finance, and treasury management solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">It\u2019s the latest in a series of hedge funds, banks, and asset managers setting up shop in the capital<\/strong><span style=\"background-color: transparent;\">, with <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/46c9be5d-0589-45d1-b2ff-66703c212bcb\/dana-gas,-crescent-petroleum-kick-off-operations-at-khor-mor-expansion-in-iraq-ahead-of-time-%2B-cme-group,-ubs-expand-in-the-uae\" rel=\"noopener\">Swiss bank UBS<\/a><span style=\"background-color: transparent;\"> and Deutsche Bank\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2eb76e51-72f6-4165-b06b-8b161abadfa0\/germany%25e2%2580%2599s-largest-asset-manager-coming-to%253cmark%253e-adgm%253c%2Fmark%253e\" rel=\"noopener\">investment arm DWS Group<\/a><span style=\"background-color: transparent;\"> among those joining in recent weeks.<\/span><\/p>\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p><a target=\"_blank\" id=\"kix.3r0ku97agx3n\" rel=\"noopener\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aviation serv<\/strong><strong>ices major Avia is coming to the UAE:<\/strong> Dublin-based Avia Solutions Group (ASG) \u2014 a leading global provider of aircraft, crew, maintenance, and ins. (acmi) services \u2014 is set to launch its regional headquarters at Mohammed bin Rashid Aerospace Hub (MBRAH) in Dubai South in 4Q 2027, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/october\/28-10\/the-worlds-largest-acmi-provider-chooses-dubai-south-for-its-regional-headquarters\" style=\"\" rel=\"noopener\">statement<\/a>. The office will operate a shared-services center, boosting ASG\u2019s regional operations in acmi, cargo charters, cybersecurity, and aviation ins. The facility is also set to serve as the firm's collaboration and technological hub, with plans to attract up to 800 multinational experts to work in a first-of-its-kind Agentic AI innovation hub for the industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why MBRAH? <\/strong>The zone is home to several operational maintenance centers, with more new developments currently underway, including an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3981e784-c02b-48c2-988b-a22b04f9485d\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3981e784-c02b-48c2-988b-a22b04f9485d\" style=\"\" rel=\"noopener\">expansion<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3981e784-c02b-48c2-988b-a22b04f9485d\" style=\"\" rel=\"noopener\"><\/a> of its line-maintenance unit infrastructure in 2026 and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9caf5c51-d1e6-439f-b8d3-5655fe3ec7ae\" style=\"\" rel=\"noopener\">USD 190 mn MRO facility<\/a> dedicated to Flydubai fleet.<\/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>#1- <\/strong><strong>Oson<\/strong><strong> secures DFSA in-principle approval: <\/strong>Uzbekistan-based fintech Oson has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Center (DIFC), <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/corporate-news\/oson-receives-dfsa-in-principle-approval-to-establish-operations-in-the-uae-1.500324078\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. The license will enable Oson to launch its multi-currency payment services and B2B fintech infrastructure in the UAE \u2014 its first market in the MENA region \u2014 as it gears up for its first investment round. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Oson operates in Uzbekistan, Kazakhstan, Kyrgyzstan, and Tajikistan, serving over 3 mn users. Its multi-currency platform, Oson Wallet, facilitates cross-border payments and transactions for businesses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Cisco, G42 partner on AI infrastructure: <\/strong>Digital communications tech conglomerate Cisco and state AI firm G42 have expanded their partnership to integrate Cisco\u2019s full-stack of AI infrastructure, including its compute, networking, and analytics tools, with one of G42\u2019s large-scale AI clusters, according to a <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/resources\/news\/cisco-and-g42-deepen-us-uae-technology-partnership-build-secure-end-end-ai-infrastructure-uae\" style=\"\" rel=\"noopener\">press release<\/a>. The cluster will include AMD\u2019s MI350X GPUs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Cisco and G42 signed an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ea18965-d860-458f-85dd-366fb8595e85\/new-cross-border-securities-link-for-nasdaq-dubai-and-astana-international-exchange\" style=\"\" rel=\"noopener\">in May<\/a> to collaborate on AI infrastructure, as well as encourage public and private sector adoption. Cisco is also one of the firm\u2019s working alongside Nvidia, OpenAI, Oracle, and SoftBank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e9721a7-9b81-43d6-8010-2cba5e142991\/g42-to-develop%253cmark%253e-stargate%253c%2Fmark%253e-uae-alongside-us-ai-powerhouses\" style=\"\" rel=\"noopener\">on the Stargate UAE 1 GW cluster<\/a>.<\/p>\n<p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uzbek state oil firm <\/strong><strong>launches UAE subsidiary:<\/strong> Uzbekistan\u2019s state-owned oil and gas company \u2014 Uzbekneftegaz \u2014 has launched a new subsidiary in the UAE, named Orient Energy, <a target=\"_blank\" href=\"https:\/\/www.trend.az\/business\/4109843.html\" style=\"\" rel=\"noopener\">Trend News Agency<\/a> reports. Set to operate internationally under the firm\u2019s UNG Overseas brand, the subsidiary will work as an investment hub for UNG, focusing on attracting capital from global investors and financial institutions to fund energy, infrastructure, and industrial projects, and developing hydrocarbon supply chains.<\/p>\n<p class=\"tag-border-left\">SUSTAINABILITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE <\/strong><strong>launches first green innovation district: <\/strong>The Economy and Tourism Ministry and Expo City Dubai have unveiled the country\u2019s first green innovation district, a large-scale initiative designed to link industrial growth with climate action, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmfkpbh-ministry-economy-and-tourism-expo-city-dubai\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The district will serve as a hub for companies operating in clean energy, circular economy, and green tech, hosting office, retail, and F&amp;B spaces, along with light industrial units and farm plots. The site will serve as a testbed for decarbonization technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First tenant secured:<\/strong> UAE-based manufacturer converting date palm waste into biodegradable materials Palmade is the first with plans to move production to the district.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also involved: <\/strong>European bank Intesa Sanpaolo will support sustainable projects and financing mechanisms within the district, while Nestl\u00e9 will contribute technical expertise and R&amp;D. The UAE\u2019s CSR fund, Majra, will help guide sustainable enterprises on establishing operations. <\/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\/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\/aviation\/\">Aviation<\/a>\n         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href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/global-sukuk-market-on-track-to-close-out-2025-on-a-high-note\/\">\r\n                            Global sukuk market on track to close out 2025 on a high note                        <\/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\/29\/global-sukuk-market-on-track-to-close-out-2025-on-a-high-note\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n        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alt=\"\" data-attachment-id=\"108930\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/29\/global-sukuk-market-on-track-to-close-out-2025-on-a-high-note\/1598-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1598.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1598.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1598.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1598.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108929\" class=\"content-area-description single-story post-108929 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-debt-watch tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.7764bc1f-a90a-45e6-9bf3-d666ce447693.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The global Islamic finance industry is expected to register growth in 2025 despite <\/strong><strong>headwinds and \u201cgrowing uncertainty,\u201d<\/strong> S&P Global said in its recent Islamic Finance Outlook <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/10\/1599.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. This year\u2019s anticipated positive performance will come after the industry grew 10.6% in 2024, driven by an outstanding sukuk performance and substantial banking asset growth. Banking assets contributed to 60% of the industry\u2019s growth in 2024, with Saudi Arabia leading the pack, accounting for around two-thirds of that acceleration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global sukuk issuance is on track to hit as much as USD 200 bn by the close of the year<\/strong> \u2014 barring any major impact from current market volatility, S&P said, reiterating its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69cbe1ae-51f8-484a-b9a6-2932a073a4ee\/sukuk-market-is-set-to-maintain-its-momentum-this-year\" style=\"\" rel=\"noopener\">forecast from January of this year<\/a>. Foreign currency-denominated sukuk are expected to account for a little less than half of the total (USD 70-80 bn), maintaining positive momentum from 2024, when FCY-denominated sukuk rose 29% y-o-y despite total sukuk issuances dipping.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The year so far:<\/strong> Global sukuk issuance hit a record in 3Q 2025, defying market volatility and the usual seasonal slump, according to recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7fc8e7fb-0ff0-448b-ab01-94e78591c5d5\/record-3q-for-sukuk\" style=\"\" rel=\"noopener\">Fitch Ratings figures<\/a>. Core markets \u2014 the GCC, Malaysia, Indonesia, Turkey, and Pakistan \u2014 issued about USD 80 bn in the quarter, up 22% q-o-q and 89% y-o-y. The 3Q performance comes after issuances fell 15% y-o-y in 1H 2025 on the back of lower local currency-denominated issuances in key markets, including Malaysia, Qatar, the UAE, and Saudi Arabia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sustainable sukuk issuance volumes rose by 27% in 1H 2025<\/strong>, reaching USD 9.3 bn, according to S&P. The issuance activity was led by the Islamic Development Bank, which accounted for almost half of the market\u2019s activity, with Saudi Arabian issuers leading the market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia and the UAE are expected to be the primary engines of growth<\/strong>, S&P said. \u201cSaudi Arabia\u2019s Vision 2030 will continue to translate into significant banking system growth, provided it attracts sufficient refinancing sources, including sukuk issuances from the international capital market.\u201d Meanwhile, high non-oil GDP growth in the UAE and high capex needs \u201cwill further support financing requirements and sukuk issuances in 2025,\u201d according to the report. S&P also sees continued growth in the industry across the rest of the GCC, as well as high single-digit growth coming out of Asia-Pacific markets \u2014 particularly Indonesia, Bangladesh, Malaysia, and Pakistan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not all markets will do equally well:<\/strong> Local currency-denominated sukuk are expected to continue growing in Turkey and Egypt, but overall performance will depend on the performance of their currencies. S&P said. Depreciation in Turkey made it one of the largest contributors to growth in relative terms, but the contribution was modest in absolute terms, the report said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Risks remain:<\/strong> Prospects for the sukuk and takaful market in 2026 and next depend on the possibility of adopting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d8ae4dca-8b35-4f48-9c53-285d18ce6131\/proposed-sukuk-reforms-may-risk-fracturing-usd-1-tn-islamic-debt-market\" style=\"\" rel=\"noopener\">Shariah Standard 62<\/a>, S&P noted, saying that the adoption of the new standards could disrupt the market \u201cby potentially reclassifying the instruments from debt-like to equity-like.\u201d Some issuers may still preemptively rush to market before the standard is implemented, particularly if it is adopted in its current form.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> <a target=\"_blank\" href=\"https:\/\/aaoifi.com\/wp-content\/uploads\/2023\/11\/DRAFT-AAOIFI-SS-62-ArEn.pdf\" style=\"\" rel=\"noopener\">Shariah Standard 62<\/a> is a proposed overhaul of how sukuk are treated to bring them more in line with shariah principles. The planned revisions \u2014 introduced in 2024 \u2014 would allow sukuk holders to gain full ownership of the underlying assets and expose them to additional risks like defaults. It could also increase costs and red tape for issuers through additional asset transfer and documentation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Japan\u2019s Nikkei is continuing a strong trend of gains<\/strong>, leading Asian markets with a 2% rise in early trading after reaching new heights yesterday on US-Japan trade optimism. <strong>Over on Wall Street<\/strong>, futures are little changed in anticipation of the Fed\u2019s decision on interest rates.<\/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\">10,165<\/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: +7.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,070<\/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: +17.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">-0.0% (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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.9% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.7% 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\">11,674<\/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: -3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">38,305<\/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: +28.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,891<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +17.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,697<\/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: +18.6%)<\/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>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\">5,704<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +16.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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 64.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.25<\/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\">-3.0%%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,973<\/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 112,944<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +20.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">0.0% (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&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">152.45<\/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: +8.9%)<\/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>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">16.42<\/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% (YTD: -5.4%)<\/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 ADX fell 0.3% yesterday<\/strong> on turnover of AED 1.3 bn. The index is up 7.9% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>GFH Financial Group (+3.8%), Waha Capital Company (+2.5%) and Apex Investment (+2.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Phoenix Group (-3.8%), National Bank of Umm Al Qaiwain (-3.4%) and Abu Dhabi Commercial Bank (-2.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.5% on turnover of AED 926.8 mn. Meanwhile, Nasdaq Dubai remained flat.<\/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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"108931\" 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\/29\/108931-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-108931\" class=\"content-area-description single-story post-108931 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">OCTOBER <\/span><span style=\"font-weight:400;\">     <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>29 October - 19 November (Wednesday-Wednesday)<\/span><span>: <\/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 Branded 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 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;\">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=\"\">Global AI Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Energy Center, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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 Center.<\/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=1761710440620565&usg=AOvVaw2IYMbxy7cDTY8AGCgvaBAj\" 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 style=\"font-weight:400;\">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-HKMA 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 style=\"font-weight:400;\">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 Center, 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>;<\/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>Plus: Tabreed secures AED 1.8 bn debt facility + plenty of earnings<\/p>\n","protected":false},"featured_media":108911,"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-108910","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"3c0d7053-78b3-454d-b4f9-fa9fd0373e73","teaser":"Plus: Tabreed secures AED 1.8 bn debt facility + plenty of earnings","photo_url":"https:\/\/ent.news\/2024\/2\/1191.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Masdar, EtihadWe to develop 3.5 GW renewable energy projects in Saudi Arabia - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/masdar-etihadwe-to-develop-3-5-gw-renewable-energy-projects-in-saudi-arabia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar, EtihadWe to develop 3.5 GW renewable energy projects in Saudi Arabia\" \/>\n<meta property=\"og:description\" content=\"Plus: Tabreed secures AED 1.8 bn debt facility + plenty of earnings\" \/>\n<meta property=\"og:url\" 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