{"id":109232,"date":"2025-11-07T00:00:00","date_gmt":"2025-11-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=109232"},"modified":"2025-12-15T05:28:49","modified_gmt":"2025-12-15T05:28:49","slug":"mubadala-backed-aquarian-acquires-brighthouse-more-energy-updates-as-adipec-wraps","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/mubadala-backed-aquarian-acquires-brighthouse-more-energy-updates-as-adipec-wraps\/","title":{"rendered":"Mubadala-backed Aquarian acquires BrightHouse + More energy updates as Adipec wraps"},"content":{"rendered":"<section id=\"109234\" 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=\"109234\">\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\/11\/07\/this-morning-ihc-is-not-looking-to-sell-a-stake-in-aldar-adnoc-eyes-expansion-abroad-through-adnoc-distribution-aiq\/\">\r\n                            THIS MORNING: IHC is not looking to sell a stake in Aldar + Adnoc eyes expansion abroad through Adnoc Distribution, AIQ                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/443.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109235\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/this-morning-ihc-is-not-looking-to-sell-a-stake-in-aldar-adnoc-eyes-expansion-abroad-through-adnoc-distribution-aiq\/443-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/443.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"443.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/443.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/443.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109234\" class=\"content-area-description single-story post-109234 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adnoc tag-adnoc-distribution tag-aldar-properties tag-banking tag-covestro tag-enterpriseam-uae tag-international-holding-company tag-oil-and-gas tag-real-estate tag-sukuk 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\/11\/.a7f5570b-b9e7-4eca-9845-1bc80118344d.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 a very happy FRIDAY. <\/strong>It\u2019s been a busy week of news as Adipec brought about a slew of energy agreements, contracts, and acquisitions, but today brings a slightly calmer stream of energy updates and a mixed bag of capital markets updates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala-backed Aquarian\u2019s acquisition of BrightHouse Ins. is the big story of the day<\/strong>, while <strong>Lunate has launched another thematic ETF <\/strong>tracking AI infrastructure bellwethers. Plus: Adnoc Logistics and Services joined MSCI\u2019s Emerging Markets Index after its follow-on offering earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have earnings from several major UAE firms<\/strong>, including Emirates Group, Emaar, Empower, and more. Let\u2019s dive in.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><b>Introducing EnterpriseAM MENA &lt;&gt; India<\/b><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world. And we\u2019re telling it the way only we can.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><b>EnterpriseAM MENA &lt;&gt; India <\/b>is our new briefing, published every Monday, Wednesday, and Friday, to track the transactions, trends, and market moves connecting these two dynamic regions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">If you\u2019re investing, trading, or scouting for your next big move in MENA or India, <b>EnterpriseAM MENA &lt;&gt; India <\/b>delivers the strategic intelligence you need \u2014 connecting insights emerging from Arabian Sea to Mediterranean to guide your decisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first edition lands this Monday. Subscribe by tapping <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>. <\/strong><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?WEATHER- We should be back to sunny days as the dust lifts<\/strong><strong> across Dubai and most of Abu Dhabi<\/strong>, with the weather also cooling down in both emirates. The mercury peaks at 32\u00b0C in Dubai, with an overnight low of 22\u00b0C, while Abu Dhabi will see a high of 30\u00b0C, with an overnight low of 23\u00b0C. <\/p>\n<p class=\"tag-border-left\">SETTING THE RECORD STRAIGHT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Abu Dhabi\u2019s International Holding Company (IHC) said it is not pursuing a sale of s<\/strong><strong>hares in Aldar properties<\/strong>, following a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8788dcc9-741f-4ab6-a3e2-3821a1885640\/this-morning:-alpha-dhabi-to-sell-stake-in%253cmark%253e-aldar%253c%2Fmark%253e%3F-%2B-we%25e2%2580%2599re-paying-less-at-the-pump-in-november\" style=\"\" rel=\"noopener\">Bloomberg report earlier this week<\/a> that said its subsidiary, Alpha Dhabi, was exploring a 2% stake sale in the company, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/567.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The company confirmed its shareholding in Aldar remains strategic to the group and forms part of its long-term outlook on Abu Dhabi\u2019s real estate sector. The stake sale, Bloomberg said, could have raised around USD 400 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>IHC, the largest ADX-listed company, reduced its exposure to real estate assets in Abu Dhabi with Alpha Dhabi and IHC Real Estate\u2019s sale of the parent company\u2019s entire <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7340350d-02ea-4812-8458-472152c93fd7\/ihc-sells-modon-stake,-closer-to-acquiring-stake-in-india%25e2%2580%2599s-sammaaan-capital\" style=\"\" rel=\"noopener\">42.5% stake in Modon<\/a> last week to Abu Dhabi government-owned L\u2019imad Holding for AED 26.3 bn, as part of a broader portfolio review aimed at capping sector exposure at 20%. The conglomerate said it will recycle proceeds from the sale into healthcare, tech, energy, food, and financial services.<\/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\"><strong>#1- Adnoc\u2019s EUR 14.7 bn planned takeover of German chemicals maker Covestro<\/strong><strong> is <\/strong><strong>nearing regulatory approval<\/strong>, with the European Commission likely to grant clearance \u201cin the coming weeks,\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/adnocs-covestro-deal-set-eu-nod-coming-weeks-sources-say-2025-11-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing people it says are familiar with the matter. The commission has set 2 March 2026 as the formal deadline for its review but a decision could come much sooner after it resumed the assessment on 24 October, following a September pause to request additional information. Covestro had previously guided for the acquisition to close <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/564dd9e0-994e-411c-9b7d-12db659e5920\/this-morning:-adnoc-could-close%253cmark%253e-covestro%253c%2Fmark%253e-acquisition-before-early-december-%2B-dmcc-to-develop-new-financial-center\" style=\"\" rel=\"noopener\">before 2 December<\/a>, during its 3Q earnings call. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The transaction would mark Adnoc\u2019s largest-ever acquisition and one of the biggest Gulf-led takeovers of a European-listed company. Earlier last month, Adnoc submitted a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ff069bf-285d-441e-b1b9-525f7fd92dbd\/this-morning:-adnoc-submits-concessions-to-secure%253cmark%253e-covestro%253c%2Fmark%253e-acquisition-%2B-adia-locks-in-shares-in-lg-india%25e2%2580%2599s-ipo\" style=\"\" rel=\"noopener\">package of concessions<\/a> to the European Commission aimed at clearing antitrust hurdles including a pledge to retain Covestro\u2019s intellectual property within Europe, which was later refined, and proposed changes to Adnoc\u2019s articles of association to address concerns over a state-backed unlimited guarantee.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>Adnoc<\/strong><strong> is leaning on US-style hydraulic fracturing to accelerate development of its <\/strong><strong>unconventional gas resources<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-05\/uae-oil-giant-leans-on-us-expertise-for-promising-shale-pivot\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing upstream chief Musabbeh Al Kaabi. Early results from Abu Dhabi\u2019s unconventional fields are \u201cvery promising,\u201d he said, noting that output in some areas is already outperforming benchmarks from US shale fields.<\/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:\/\/www.planete-energies.com\/en\/media\/article\/what-unconventional-oil-and-gas\" style=\"\" rel=\"noopener\">Unconventional gas<\/a> is the type locked in tight rock formations that won\u2019t flow with normal drilling, so companies use horizontal wells and high-pressure fracking to crack the rocks and release the gas \u2014 or oil. The upside is access to larger volumes of gas that were previously uneconomic; the tradeoff is <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0301421513007763\" style=\"\" rel=\"noopener\">higher cost<\/a> and more complex drilling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Adnoc Drilling\u2019s unconventional segment contributed more to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2dbff986-993b-41dd-915b-942a8e284521\/\" style=\"\" rel=\"noopener\">revenues in 3Q<\/a> than previous quarters, with a 370% y-o-y increase to USD 158 mn, as it works through contracts such as the <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\" style=\"\" rel=\"noopener\">USD 1.7 bn<\/a> it was awarded by Adnoc last year to recover unconventional energy resources across 144 wells in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF ADNOC- The firm\u2019s distribution unit is setting aside USD<\/strong><strong> 250-300 mn a year to fund organic <\/strong><strong>expansion in the UAE, KSA, and Egypt<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmkxllj-adnoc-distribution-earmarks-around-300-million\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing CEO Bader Al Lamki. The company is also assessing non-organic options, including acquisitions and potential new-market entries, as it looks to lift long-term returns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fuel retailer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7f66b708-d67b-4c03-ad63-49bbe4934ade\" style=\"\" rel=\"noopener\">plans to set up<\/a><\/strong><strong> some 100 new stations this year<\/strong>, with more than 70 of them in Saudi Arabia under a low-cost operating model. The network is projected to reach 1.15k stations by 2028. On the mobility side, the company expects to scale its EV charging footprint to 500-750 points by 2028, up from 368 today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- AIQ, Adnoc\u2019s JV with G42, is working to bring its AI solutions to overseas <\/strong><strong>markets<\/strong>, CEO Dennis Jol told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2025\/11\/05\/abu-dhabis-aiq-set-to-export-ai-solutions-to-global-markets-ceo-says\/\" style=\"\" rel=\"noopener\">The National<\/a>. The firm is currently running pilot programs in six countries including Colombia, Kazakhstan, and Indonesia, where it plans to deploy its Advanced Reservoir 360 platform through a partnership with Indonesian state-owned firm SKK Migas. AIQ is eyeing expansion in both the Global North and South, Jol said, and will focus on renewable and hydrocarbon energy integration.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>The UAE\u2019s <\/strong><strong>islamic banks\u2019 revenues are expected to get a boost from the <\/strong><strong>Finance <\/strong><strong>Ministry\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/418ab212-60bc-4be5-a10c-e0c8712b6c17\/retail-investors-can-now-access-the-government%25e2%2580%2599s-t-sukuk\" style=\"\" rel=\"noopener\">recently launched retail T-sukuk initiative<\/a><\/strong> as it introduces a new fee-based revenue stream and boosts short-term liquidity, Moody\u2019s said in a note seen by EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Liquid assets represented 23% of tangible banking assets for UAE Islamic lenders as of June, almost half the rate observed in conventional lenders<\/strong>, Moody\u2019s said. The ratings agency now anticipates a gradual improvement in access to those instruments on the back of the initiative. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The Finance Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a51243e7-f714-4c6c-a06a-98f7a7ce99ef\/%253cmark%253e%253c%2Fmark%253eadib%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efirst%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebank%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etapped%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emof%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253es%253cmark%253e%253c%2Fmark%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eretail%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253esukuk%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eprogram%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">tapped<\/a> Abu Dhabi Islamic Bank (ADIB) as its first partner for its retail sukuk initiative, which will allow retail investors to invest in T-sukuk for the first time, through fractionalized digital platforms operated by national banks.<\/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- You can now hail a taxi through the Careem app in Fujairah<\/strong>, after Careem and Dubai\u2019s Roads and Transport Authority\u2019s JV Hala launched in the emirate, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hala-expands-into-fujairah-in-strategic-partnership-with-fujairah-transport-corporation-qrodpfrc\" style=\"\" rel=\"noopener\">press release<\/a>. The Hala service is already available in Dubai and Ras Al Khaimah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Prepare to pay a little more for the taxis you book through Careem and S\u2019hail<\/strong>, after the base fare was hiked to AED 13, from AED 12 earlier, and peak-hour rates and booking fees were introduced, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/rta_dubai\/status\/1986308027063112090\" style=\"\" rel=\"noopener\">post on X<\/a> from the RTA. New peak hours on both weekdays and weekends \u2014 from 8am to 9:59am and 4pm to 9:59pm \u2014 will see an AED 5 flagfall charge plus an AED 7.5 surcharge, while weekends and Fridays will see the flagfall charge rise to AED 5.5 between 12am and 5:59am with a standard booking fee of AED 4.5. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaidesignweek.ae\/\" style=\"\" rel=\"noopener\">Dubai Design Week<\/a><\/strong><strong> is on its third day and runs through Saturday <\/strong>at Dubai Design District. Designers, studios, universities, brands, and collectors will meet for workshops, exhibitions, a marketplace, and talks to showcase innovation, materiality, and future-forward design. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A UAE delegation is attending the China International Import Expo u<\/strong><strong>ntil Monday, 10 November in Shanghai<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/on-behalf-of-the-uae-president-theyab-bin-mohamed-bin-zayed-to-lead-uae-delegation-at-ciie-2025-in-china\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The delegation, led by Deputy Chairman of the Presidential Court for Development Theyab Al Nahyan, is attending on behalf of President Mohamed bin Zayed Al Nahyan. The six-day expo will focus on deepening bilateral investment ties and exploring cooperation in key sectors like advanced technology, clean energy, food security, and logistics. <\/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>Musk is getting his USD 1 tn package: <\/strong>Tesla shareholders approved CEO Elon Musk\u2019s USD 1 tn pay package \u2014 the largest ever for a CEO and a figure larger than the size of most economies. This sets Musk up to become the world\u2019s first t\u2019naire, and to expand his stake in the EV maker to 25% or more over the next 10 years. The package is tied to targets including a significant expansion of Tesla\u2019s market value, getting its robotaxis off the ground, and improving its car business as it continues to lose market share to Chinese competitors. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-06\/tesla-shareholders-approve-1-trillion-pay-package-for-elon-musk?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/47ac6557-7ded-4f63-a767-173459a4df68\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/live-tesla-shareholders-vote-elon-musks-1-trillion-pay-package-2025-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/autos\/elon-musk-tesla-pay-package-vote-9abd5a73?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/11\/06\/business\/elon-musk-tesla-pay-vote.html\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Swiss commodity trader Guvnor has withdrawn its USD 22 bn bid to take over Russian energy firm Lukoil\u2019s international assets<\/strong> after the US blocked the transaction, criticizing the firm for being \u201cthe Kremlin\u2019s puppet.\u201d (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/19e5e9ce-781b-450f-aac0-f11bb404fb9b\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/gunvor-says-withdraws-bid-buy-assets-russian-energy-firm-lukoil-2025-11-06\/\" 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>CLOSER TO HOME- Sudan\u2019s Rapid Support Forces agreed to a ceasefire proposal put forward by the US, the UAE, Saudi Arabia, and Egypt<\/strong>, which would last three months and be followed potentially by an end to hostilities. The caveat? This is not the first ceasefire it has agreed to, with several previously failing to end the war against the Sudanese army which has now been ongoing for 30 months. The news comes following an escalation of violence after the RSF took over the city of El Fashir, with reports of mass killings and kidnappings. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/sudans-rsf-agrees-us-proposal-humanitarian-ceasefire-2025-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/nov\/06\/sudanese-militia-group-accused-of-war-crimes-agrees-to-a-ceasefire\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Kazakhstan is set to join the Abraham Accords<\/strong>, US President Donald Trump said yesterday, formalizing its already normalized ties with Israel. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/witkoff-says-will-announce-new-country-enter-abraham-accords-thursday-night-2025-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. 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\r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109237\" 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=\"109237\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/mubadala-backed-aquarian-seals-usd-4-1-bn-transaction-to-acquire-brighthouse-financial\/\">\r\n                            Mubadala-backed Aquarian seals USD 4.1 bn transaction to acquire Brighthouse Financial                        <\/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\/11\/07\/mubadala-backed-aquarian-seals-usd-4-1-bn-transaction-to-acquire-brighthouse-financial\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Mubadala-backed+Aquarian+seals+USD+4.1+bn+transaction+to+acquire+Brighthouse+Financial+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F11%2F07%2Fmubadala-backed-aquarian-seals-usd-4-1-bn-transaction-to-acquire-brighthouse-financial%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\/11\/07\/mubadala-backed-aquarian-seals-usd-4-1-bn-transaction-to-acquire-brighthouse-financial\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109238\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/mubadala-backed-aquarian-seals-usd-4-1-bn-transaction-to-acquire-brighthouse-financial\/157-jpg-53\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"157.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109237\" class=\"content-area-description single-story post-109237 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-insurance tag-ma-watch tag-mubadala 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\/11\/.26b0f4cc-f7db-4b09-9833-4cea690d346d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala- and Redbird-backed Aquarian Capital is acquiring US life insurer Brighthouse <\/strong><strong>Financial private for USD 4.1 bn<\/strong>, with the allcash transaction valuing the stock at USD 70 per share, it said in a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20251106216739\/en\/Aquarian-Capital-to-Acquire-Brighthouse-Financial\" style=\"\" rel=\"noopener\">press release<\/a>. The offer represents a 37% premium to its 27 January close \u2014 the day before media reports surfaced that Brighthouse was exploring a sale, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/transactional\/aquarian-capital-buy-insurer-brighthouse-41-billion-deal-2025-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The sale is expected to be completed in 2026, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Post-transaction<\/strong><strong style=\"background-color: transparent;\">: <\/strong><span style=\"background-color: transparent;\">The takeover is still pending regulatory, antitrust, and stockholder clearance, but is slated to be completed next year. Brighthouse Financial will keep its same leadership and keep its brand, operating within Aquarian\u2019s portfolio as a separate entity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The target? <\/strong>Brighthouse, whose almost USD 120 bn in assets are 9x the size of Aquarian\u2019s, was founded in 2017 and saw its cost-heavy variable annuity offerings scare off some possible buyers, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-06\/aquarian-strikes-4-1-billion-deal-to-buy-insurer-brighthouse\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Names like Blackstone and Apollo had all pulled out.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where does Mubdala come in? <\/strong>In 2024 Aquarian <a target=\"_blank\" href=\"https:\/\/aquarianlp.com\/blog\/2024\/06\/18\/bloomberg-markets-aquarian-raises-1-5-billion-to-boost-credit-insurance-push\/\" style=\"\" rel=\"noopener\">raised nearly USD 1.5 bn<\/a> in equity from Mubdala, along with other investors, to expand into sectors like ins., private credit, and real estate. At the time, Mubdala called the investment \u201cthe beginning of a long-term, strategic alliance.\u201d It later invested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/77e25e93-dd0f-48a7-a4a7-8bba5b5633fb\/gcc-sovereign-funds-shift-the-balance-as-they-push-for-more-regional-engagement-from-asset-managers\" style=\"\" rel=\"noopener\">USD 700 mn in Aquarian Holdings<\/a>, and in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/72181d17-b0da-462b-b0b1-2489eccc91cd\/mubadala-in-talks-to-back-aquarian%25e2%2580%2599s-usd-3-bn%253cmark%253e-brighthouse%253c%2Fmark%253e-takeover\" style=\"\" rel=\"noopener\">in September<\/a> Aquarian was in late-stage talks with Mubadala Capital, the Qatar Investment Authority and other investors to secure more than USD 3 bn in equity to back the Brighthouse takeover. At the time, Aquarian had reportedly lined up debt financing from RBC, Nomura, and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, but was facing delays amid a lengthy diligence process.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A trendy takeover: <\/strong>The sale, the process for which took almost an entire year, follows a trend of Gulf firms eyeing takeovers of US financial services players, particularly in the ins. sector, as they diversify away from oil revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Aquarian tapped RBC Capital Markets as financial advisor, Skadden, Arps, Slate, Meagher &amp; Flom as counsel, and Milliman, Inc. and Oliver Wyman as actuarial advisors. Brighton Financial appointed Wells Fargo and Goldman Sachs &amp; Co. for financial advice, Milliman, Inc. for actuarial advice, and Debevoise &amp; Plimpton for counsel.<\/p>\n<p class=\"tag-border-left\">IN OTHER MUBADALA NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uber <\/strong><strong>is in talks with Mubadala to take over Getir\u2019s delivery business: <\/strong>Uber is holding preliminary talks with Mubadala Investment Company \u2014 the main backer of Istanbul-based delivery platform Getir \u2014 over a possible takeover of the Turkish firm, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-06\/uber-said-to-eye-getir-deal-to-expand-in-turkish-delivery-market\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter. An acquisition could be valued at up to USD 1 bn and would likely involve Getir\u2019s delivery operations, while its financial services unit could also be sold separately. No final agreement is guaranteed and other bidders may still come in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first Getir unit out for Mubadala: <\/strong>The sovereign wealth fund sold Getir\u2019s car rental subsidiary Getir Arac <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c7c403ec-986f-4ce8-87bf-71427555ab85\/mubadala-offloads%253cmark%253e-getir%253c%2Fmark%253e-arac-stake-to-turkish-car-sharing-firm-tiktak\" style=\"\" rel=\"noopener\">last month<\/a> amid an ongoing power struggle between Mubadala and Getir\u2019s founders on restructuring plans after the Turkish firm struggled with a plummeting valuation and cashburn. Mubadala had previously sought full ownership of its core delivery unit, which co-founder Nazim Salur opposed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/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=\"109239\" 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=\"109239\">\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\">TRADE AND LOGISTICS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/ad-ports-group-to-acquire-a-20-stake-in-syrias-latakia-container-terminal\/\">\r\n                            AD Ports Group to acquire a 20% stake in Syria\u2019s Latakia Container Terminal                        <\/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\/11\/07\/ad-ports-group-to-acquire-a-20-stake-in-syrias-latakia-container-terminal\/\" 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 transaction will take place through a joint venture (JV) arrangement with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/13d68586-01c7-46f7-a6e2-9f4df6332794\/cma-cgm-to-invest-eur-230-mn-in-syria%25e2%2580%2599s-latakia-port\" style=\"\" rel=\"noopener\">terminal\u2019s operator<\/a> France-based logistics giant CMA CGM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Background:<\/strong><span style=\"background-color: transparent;\"> CMA CGM agreed to invest EUR 230 mn <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/13d68586-01c7-46f7-a6e2-9f4df6332794\/cma-cgm-to-invest-eur-230-mn-in-syria%25e2%2580%2599s-latakia-port\" rel=\"noopener\">to upgrade<\/a><span style=\"background-color: transparent;\"> the Syrian port earlier this year as part of a 30-year concession, committing EUR 30 mn for the first year. The agreement will see CMA CGM build a new 1.5-km long, 17-meter-deep berth. It fast-tracked the launch of the EUR 200 mn second phase of its Latakia Port concession <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3f52828e-6221-478a-bae0-fc16366b4fe3\/cma-cgm-expedites-phase-two-of-syria%25e2%2580%2599s%253cmark%253e-latakia%253c%2Fmark%253e-port,-earmarks-eur-200-mn\" rel=\"noopener\">in August<\/a><span style=\"background-color: transparent;\">. The funds are going towards expanding the container terminal\u2019s capacity to handle over 1 mn TEUs per year, digitizing port functions, and revamping infrastructure.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT-<\/strong> LICT stands out as Syria\u2019s major maritime gateway, handling over 95% of the country\u2019s container volumes \u2013 specifically for agricultural products and industrial goods. The terminal has a capacity of 250k TEUs, with plans to boost its handling capacity to 625k TEUs by the end of next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is not their first partnership:<\/strong> CMA CGM acquired a minority stake in AD Port\u2019s concession of the New East Mole multipurpose terminal in Pointe Noire, Congo, back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e90289eb-586a-4923-8d4e-e632a86adc3f\/ad-ports-teams-up-with%253cmark%253e-cma%253c%2Fmark%253e-cgm-on-jv-to-develop-congo-terminal\" style=\"\" rel=\"noopener\">in February<\/a> through a similar JV arrangement. The pair also inaugurated a new terminal at Khalifa Port <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/363628d0-0ee5-4497-902c-953a79189ad4\/%253cmark%253e%253c%2Fmark%253ead%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eports%253cmark%253e%253c%2Fmark%253e-%2B%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ecma%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ecgm%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elaunch%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enew%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253econtainer%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eterminal%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eat%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eabu%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edhabi%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253es%253cmark%253e%253c%2Fmark%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ekhalifa%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eport%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">in December<\/a>, a USD 845 mn project set to boost the port\u2019s capacity by 33%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- UAE majors are showing a lot of love to Syria\u2019s ports:<\/strong> State-owned logistics giant DP World inked a USD 800 mn 30-year concession agreement with Syria's General Authority for Land and Sea Ports (GALSP) to develop and operate Tartous Port in Syria <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9251cbf5-dba2-4822-95df-f35cebeeb6c5\/%253cmark%253e%253c%2Fmark%253edp%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eworld%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edevelop%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etartous%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eport%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eunder%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e30%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eyear%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eagreement%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">in July<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div 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                        Adipec wraps after USD 46 bn in agreements, with T\u2019aziz securing offtakers for petrochems products                        <\/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\/11\/07\/adipec-wraps-after-usd-46-bn-in-agreements-with-taziz-securing-offtakers-for-petrochems-products\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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agreements, with T\u2019aziz securing offtakers for petrochems products&url=https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/adipec-wraps-after-usd-46-bn-in-agreements-with-taziz-securing-offtakers-for-petrochems-products\/\">\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\/11\/07\/adipec-wraps-after-usd-46-bn-in-agreements-with-taziz-securing-offtakers-for-petrochems-products\/&title=Adipec wraps after USD 46 bn in agreements, with T\u2019aziz securing offtakers for petrochems products\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n           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      <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/456.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109243\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/adipec-wraps-after-usd-46-bn-in-agreements-with-taziz-securing-offtakers-for-petrochems-products\/456-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/456.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"456.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/456.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/456.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109242\" class=\"content-area-description single-story post-109242 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-adq tag-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\/11\/.67f31821-dbde-4432-bcb5-529a342d80c7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Adipec wrapped yesterday with an offtake agreement for T\u2019aziz petrochemicals<\/strong>, after a bumper run that locked in some USD 46 bn in cross-sector agreements, according to state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmkxlxq-adipec-2025-sets-bold-agenda-for-future-global\" style=\"\" rel=\"noopener\">Wam<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Ta\u2019ziz <\/strong><strong style=\"background-color: transparent;\">secures offtake for EDC and VCM: <\/strong><span style=\"background-color: transparent;\">Ta\u2019ziz signed two term sheets with India\u2019s Sanmar Group for long-term product sales covering more than 350k tonnes a year of ethylene dichloride (EDC) and vinyl chloride monomer (VCM), according to a <\/span><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/taziz-signs-product-sale-agreement-term-sheets-with-the-sanmar-group-for-supply-of-key-petrochemical-feedstock\/\" rel=\"noopener\">statement<\/a><span style=\"background-color: transparent;\">. The products will be produced at the Ta\u2019ziz industrial ecosystem in Ruwais Industrial City and supplied under agreements running for up to 10 years, giving Sanmar secure offtake for core inputs used in polyvinyl chloride (PVC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Ta\u2019ziz \u2014 a JV between ADQ and Adnoc \u2014 just <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3a1de21c-9e9b-4b56-9a30-92fb280f1cb9\/\" style=\"\" rel=\"noopener\">awarded<\/a> a AED 7.3 bn (c.USD 2 bn) EPC contract to China National Chemical Engineering &amp; Construction Corporation Seven to build the UAE\u2019s first PVC plant in Ta\u2019ziz industrial ecosystem in Ruwais. The facility will produce 1.9 mn tonnes annually of PVC, ethylene dichloride (EDC), vinyl chloride monomer (VCM), and caustic soda. The facility is part of a wider chemicals complex and transition fuels site in Al Ruwais Industrial City, which is expected to contribute some AED 183 bn to the economy \u2014 targeting 4.7 mn tonnes annually of capacity across chemicals and transition-fuel products. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM ADIPEC-<\/strong> <strong>Adnoc <\/strong><strong>to launch purchase order-backed SME financing: <\/strong>Adnoc signed a partnership with Comera Financial Holdings \u2014 part of Abu Dhabi\u2019s Royal Group \u2014 to enable UAE SMEs and suppliers to unlock working capital against Adnoc purchase orders, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2025\/adnoc-partners-with-comera-financial-holdings-to-empower-its-uae-suppliers-and-smes\" style=\"\" rel=\"noopener\">press release<\/a>. The program will give suppliers faster access to liquidity to accelerate delivery timelines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s coming: <\/strong>Both parties will develop an automated platform that connects qualifying Adnoc vendors directly with lender support and funding. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109244\" 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=\"109244\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/infinity-power-hassan-allam-utilities-ink-agreements-for-solar-projects-in-egypt\/\">\r\n                            Masdar JV Infinity Power, Hassan Allam Utilities to develop 1.2 GW solar projects 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        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/infinity-power-hassan-allam-utilities-ink-agreements-for-solar-projects-in-egypt\/\" 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 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Egypt&url=https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/infinity-power-hassan-allam-utilities-ink-agreements-for-solar-projects-in-egypt\/\">\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\/11\/07\/infinity-power-hassan-allam-utilities-ink-agreements-for-solar-projects-in-egypt\/&title=Infinity Power, Hassan Allam Utilities ink agreements for solar projects in Egypt\">\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 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109245\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/infinity-power-hassan-allam-utilities-ink-agreements-for-solar-projects-in-egypt\/467-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/467.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"467.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/467.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/467.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109244\" class=\"content-area-description single-story post-109244 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam-uae tag-infrastructure tag-renewables tag-solar-power 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\/11\/.bf39c625-4ccc-471b-95e3-a503c65319a1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More renewable energy coming to the country\u2019s energy mix:<\/strong> The Electricity Ministry and the Egyptian Electricity Transmission Company (EETC) signed complementary agreements with Masdar-Infinity JV Infinity Power and Hassan Allam Utilities Energy Platform \u2014 an investment vehicle set up by Hassan Allam Utilities and co-owned by the EBRD and Meridiam \u2014 for two solar power plants with a combined capacity of 1.2 GW and 720 MWh of battery storage, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/430.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> from the two private players and a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1389460666557683?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a> from the Electricity Ministry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The details:<\/strong><span style=\"background-color: transparent;\"> Under the agreements, the consortium will develop a 1 GW solar plant in Minya with 600 MWh of storage expected to go online in 3Q 2027 and a 200 MW solar plant in Benban with 120 MWh of connected battery storage, scheduled to kick off commercial operation in 3Q 2026. The cost of power will be USD 0.28 (EGP 1.3) per kWh, a government source is quoted as saying by <\/span><a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/105895\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B4%D8%AA%D8%B1%D9%8A-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%86%D8%B8%D9%8A%D9%81%D8%A9-%D9%85%D9%86-%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D9%85%D8%B5%D8%AF%D8%B1-%D8%A5%D9%86%D9%81%D9%8A%D9%86%D9%8A%D8%AA%D9%8A-%D8%AD%D8%B3%D9%86-%D8%B9%D9%84%D8%A7%D9%85\/\" rel=\"noopener\">Asharq Business<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>Environmental studies have already been completed, with the consortium set to reach financial close on the projects in 1Q 2026, the source added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Project background:<\/strong> The projects build on a landmark agreement first signed in <a target=\"_blank\" href=\"https:\/\/www.hassanallam.com\/news\/landmark-agreements-signed-for-1-2gw-solar-projects-and-720-mwh-energy-storage-systems\" style=\"\" rel=\"noopener\">November<\/a><a target=\"_blank\" href=\"https:\/\/www.hassanallam.com\/news\/landmark-agreements-signed-for-1-2gw-solar-projects-and-720-mwh-energy-storage-systems\" style=\"\" rel=\"noopener\">2024<\/a> between Masdar, Hassan Allam Utilities, and Infinity Power and EETC to develop the two projects, albeit with slightly different specs than those announced in the final agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Masdar has a lot in the pipeline for Egypt, earlier last year agreeing to build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2482df05-d22a-40b2-b3e5-1da690069918\/%253cmark%253emasdar%253c%2Fmark%253e,-infinity,-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm\" style=\"\" rel=\"noopener\">200 MW wind farm<\/a> in Ras Ghareb after inking a trilateral purchase power agreement with Infinity Power and the Egyptian Electricity Transmission Company (EETC). Masdar, Infinity Power, and Hassan Allam Utilities are also building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9004f1a5-828c-4173-8adf-43dfa2bb3355\" style=\"\" rel=\"noopener\">USD 10 bn, 10 GW wind farm project<\/a> in Sohag that is set to be one of the largest wind farms globally and the largest in Africa. The trio, along with global energy giant BP, will also set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a79814c8-73f2-4320-9ce5-b4861c37eeeb\/emirati-firms-ink-more-than-usd-30-bn-renewables-agreements-in-egypt\" style=\"\" rel=\"noopener\">USD 15 bn green hydrogen project<\/a> in the SCZone.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/solar-power\/\">solar power<\/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=\"109246\" 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=\"109246\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/two-uae-firms-added-and-two-removed-from-msci-indices-in-latest-review\/\">\r\n                            Two UAE firms added and two removed from MSCI indices in latest review                        <\/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\/11\/07\/two-uae-firms-added-and-two-removed-from-msci-indices-in-latest-review\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Two UAE firms added and two removed from MSCI indices in latest review&url=https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/two-uae-firms-added-and-two-removed-from-msci-indices-in-latest-review\/\">\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\/11\/07\/two-uae-firms-added-and-two-removed-from-msci-indices-in-latest-review\/&title=Two UAE firms added and two removed from MSCI indices in latest review\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109247\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/two-uae-firms-added-and-two-removed-from-msci-indices-in-latest-review\/1853-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1853.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109246\" class=\"content-area-description single-story post-109246 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-abu-dhabi-national-hotels-company tag-adnoc-logistics-and-services tag-capital-markets tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.e0424d11-abd8-4b61-81ad-5bd9f244cd6b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The MSCI November 2025 semi-annual index review brought four <\/strong><strong>inclusions of UAE firms and two deletions<\/strong>, with all changes effective after market close on 24 November 2025, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/523.pdf\" style=\"\" rel=\"noopener\">MSCI\u2019s Global Standard (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/522.pdf\" style=\"\" rel=\"noopener\">Small Cap Indexes Review (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(**<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Logistics & Services was the only UAE stock added to the MSCI Emerging<\/strong><strong> Markets Index<\/strong>, following its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/766797e4-cdae-4a45-b925-983cdcd39aba\/adnoc-takes-additional-3%2525-stake-in-adnoc-l&s-to-market,-seeking-usd-328-mn\" style=\"\" rel=\"noopener\">USD 317 mn follow-on offering in August<\/a>, which lifted its freefloat to roughly 22% and quadrupled average daily trading volumes, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/526.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. The move makes it the fourth Adnoc unit to be added to the benchmark, joining Adnoc Gas, Adnoc Drilling, and Adnoc Distribution. Broker estimates cited in the company\u2019s statement suggest the inclusion could attract more than USD 200 mn in passive inflows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other additions: <\/strong>On the MSCI Global Small Cap Index, Tabreed, Sharjah Islamic Bank were added after meeting size and liquidity requirements under MSCI\u2019s methodology. EGX- and ADX-listed Orascom Construction was also added to the index, after having <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/216b5d69-85e7-4c4f-9ebf-c88ac0004e44\/secondary-share-sales-eclipse-ipo-proceeds-%2B-near-triple-2024-volumes\" style=\"\" rel=\"noopener\">transferred<\/a> its shares from Nasdaq Dubai in September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exits:<\/strong> Abu Dhabi National Hotels and Ras Al Khaimah Ceramics were dropped from the Small Cap Index due to lower freefloat and relative liquidity.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-national-hotels-company\/\">Abu Dhabi National Hotels Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics-and-services\/\">Adnoc Logistics and Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/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=\"109248\" 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=\"109248\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/lunate-launched-its-second-ai-linked-adx-bound-etf\/\">\r\n                            Lunate launched its second AI-linked ADX-bound ETF                        <\/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\/11\/07\/lunate-launched-its-second-ai-linked-adx-bound-etf\/\" 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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Power Supply Infrastructure Index<\/strong><span style=\"background-color: transparent;\">, which includes 35 companies expected to benefit from the build-out of data centers, digital infrastructure, and power systems driving the AI economy. This includes global heavyweights like Google, Amazon, Oracle, NextEra Energy, Siemens, ABB, and Eaton Corp.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why AI, and why now? <\/strong>The new ETF gives investors exposure to \u201cthe backbone of AI, not the developers of algorithms, but the power grids, data centers, and infrastructure enabling it,\u201d Sherif Salem, partner and head of public markets at Lunate, told EnterpriseAM. Governments and private companies are \u201cpouring tns into expanding capacity,\u201d positioning this theme as \u201cthe core of the AI economy rather than its fringe.\u201d Investment into AI and power infrastructure is expected to exceed USD 1 tn annually by 2030, said Geir Espeskog, CEO of Northwind, the exclusive advisor to Lunate Capital on ETF strategy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The company earlier this year launched its first thematic ETF, Solactive Quantum Computing ETF, which hit the ADX in September, and counted as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1d815469-6175-4230-94aa-60a51e208ff7\/this-morning:-signs-of-cracks-in-dubai%25e2%2580%2599s-property-market-start-to-show%3F-%2B-a-flurry-of-debt-activity-with-issuances-from-aldar,-binghatti\" style=\"\" rel=\"noopener\">the region\u2019s first thematic ETF<\/a> tracking an index of 25 global quantum computing firms including Alphabet, Amazon, IBM, Microsoft, and Nvidia. That fund has grown to around USD 10 mn in assets under management (AUM), making it the firm\u2019s fifth-largest ETF by size, and trades roughly AED 1 mn daily, Salem said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Retail on the rise: <\/strong>While Lunate initially saw institutional investors dominate ETF flows, recent trading activity shows a clear pickup in retail participation, supported by easier access through brokerage platforms and ADX\u2019s eIPO channel, Salem told us. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etfs\/\">ETFs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lunate\/\">Lunate<\/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=\"109250\" 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=\"109250\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/emirates-emaar-space42-agthia-adnh-catering-and-empower-report-earnings\/\">\r\n                            Emirates, Emaar, Space42, Agthia, ADNH Catering, and Empower report 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\/11\/07\/emirates-emaar-space42-agthia-adnh-catering-and-empower-report-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(); 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The group\u2019s top line rose 4% y-o-y to AED 75.4 bn for the same period, underpinned by strong travel demand. The group\u2019s FY starts in March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Dubai\u2019s flagship carrier Emirates \u2014 and its core business unit \u2014 saw its bottom line rise 13% y-o-y <\/strong><strong style=\"background-color: transparent;\">to AED 9.9 bn<\/strong><span style=\"background-color: transparent;\">, while its top line grew 6% y-o-y to AED 65.6 bn due to continuous travel demand in all markets, and traction for its premium cabins, management said. Emirates\u2019 air freight arm, Emirates SkyCargo, saw deliveries rise 4% y-o-y to some 1.3 mn tons in 1H 2025, which coincided with the addition of three new Boeing 777 freighters. Meanwhile, cargo yields fell by 6% as demand softened in some markets, partly due to tariff concerns.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>dnata sees record revenues: <\/strong>The group\u2019s air services subsidiary Dnata saw its net income rose 22% y-o-y to AED 697 mn, while its revenues also increased 13% y-o-y to AED 11.7 bn, on strong ground hailing services\u2019 performance, the earnings release said. <\/p>\n<p class=\"tag-border-left\">EMAAR PROPERTIES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emaar<\/strong><strong> Properties posted net income of AED 5.8 bn in 3Q 2025<\/strong>, a 37% increase from the previous year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/553.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. It logged revenues of AED 13.3 bn, up 41.4% y-o-y. During 9M, the firm\u2019s net income reached AED 14.6 bn, a 32.6% increase y-o-y. Revenues went up 39.1% to reach AED 33.1 bn, underpinned by a diversified portfolio and strong financial performance across property development, retail, hospitality, and international businesses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the results: <\/strong>The developer\u2019s property sales rose 22% in 9M, reaching AED 61 bn, driven by strong demand across flagship projects under its UAE build-to-sell arm Emaar Development \u2014 which saw a 41% y-o-y uptick in revenues to AED 17.6 bn, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/552.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. International sales surged 331% y-o-y to AED 8.1 bn on rising demand in India and Egypt, while Emaar\u2019s overall revenue backlog stood at AED 150.3 bn at the end of 9M.<\/p>\n<p class=\"tag-border-left\">SPACE42- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX<\/strong><strong>-listed space tech firm Space42 reported an 84.4% y-o-y decline in net <\/strong><strong>income during 3Q 2025<\/strong>, coming in at AED 5.9 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/519.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Its revenues fell 11.7% to AED 136.2 mn. During 9M, net income was down 49.8% y-o-y to AED 56.1 mn, while revenues dropped 15.4% y-o-y to AED 362.6 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the dip: <\/strong>The costs of revenues, staff, and operating expenses rose during the period, with 9M also seeing the firm restructure its smart solutions division to focus on its Earth Observation program, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/518.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Despite the overall decline, the management solutions segment saw its top line double, while its space services segment\u2019s top line grew 11% q-o-q, driven by the launch of Thuraya 4 satellite operations and a 15-year, USD 700 mn government contract that started on 1 July. The firm currently has a future revenue pipeline of USD 6.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Momentum from space services is anticipated to accelerate further in 4Q as the firm launches new defense and commercial applications, with solid y-o-y growth anticipated.<\/p>\n<p class=\"tag-border-left\">AGTHIA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ<\/strong><strong>-owned F&amp;B firm Agthia reported a net income of AED 62.3 mn during 3Q 2025<\/strong>, a 4% decline y-o-y, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/535.pdf\" style=\"\" rel=\"noopener\">management discussion and analysis report (pdf)<\/a>. Its revenues came in at AED 1.1 bn, up 5% from the previous year, driven by strong growth performance across all of its four segments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>During the nine-month period<\/strong>, the group\u2019s net income stood at AED 158.6 mn, a 39.9% drop from 9M the previous year. Revenues also fell 1.3% y-o-y to AED 3.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Its water and food segment saw the most growth, with revenues up 13.5% on the back of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/13e33818-bff3-4a14-b025-a7ff9a7a1c05\/dfm,-taiwan-stock-exchange-eye-stock-market-cooperation\" style=\"\" rel=\"noopener\">recent acquisition of Riviere<\/a>, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/536.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. On the flipside, its agri-business\u2019 top line was down 10.5% y-o-y amid softer pricing, while protein and frozen operations dipped 4.5%.<\/p>\n<p class=\"tag-border-left\">EMPOWER- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates <\/strong><strong>Central Cooling Systems Corp (Empower) saw its bottom line reach AED 286.6 <\/strong><strong>mn in 3Q 2025<\/strong>, up 8.1% y-o-y, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/543.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. Revenues went up 3% to AED 1.1 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 nine-month basis<\/strong>, Empower posted a bottom line of AED 688.7 mn, up 4.8% y-o-y, while revenue reached AED 2.6 bn, up 5.5% y-o-y. Growth was driven by rising demand for cooling services in Dubai as the real estate sector continued to boom, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/544.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Empower added 24k refrigeration tons (RT) during 3Q, bringing its total connected capacity to 1.6 mn RT. The quarter saw a further 56k RT contracted across 52 agreements, bringing total contracted capacity to 1.9 mn RT at the end of 9M.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expansion ahead is supported by new plant developments<\/strong> \u2014 including the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/675b01e8-6c6d-4900-ac1f-97a1a08f6a10\/%253cmark%253edubai-science-park%253c%2Fmark%253e-is-getting-a-district-cooling-plant\" style=\"\" rel=\"noopener\">Dubai Science Park plant<\/a>, with construction starting in 1Q 2026 \u2014 and multi-year phased supply to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2763b67-18f3-41bd-a185-f5b68b8527f3\/ebrd,-eu,-gcf-to-provide-jordan-with-usd-4-mn-in-green-financing\" style=\"\" rel=\"noopener\">Al Habtoor Tower<\/a> through end-2027. <\/p>\n<p class=\"tag-border-left\">ADNH CATERING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADNH<\/strong><strong> Catering reported AED 50.2 mn net income in 3Q 2025<\/strong>, a 31.4% y-o-y increase, according to the company's <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/533.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. Total revenues grew 4.8% y-o-y to AED 426.8 mn. The quarterly performance was driven by strategic acquisitions, including a 100% stake in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a46d89e-cbc0-4c25-8013-999ecec20c41\/%253cmark%253eadnh%253c%2Fmark%253e-catering-finalizes-food-nation-catering-services-acquisition\" style=\"\" rel=\"noopener\">Food Nation Catering Services<\/a> and an increase of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/899f51a9-7f90-4e5b-9d5d-f1bdf24ce1b4\/dp-world,-japan%25e2%2580%2599s-itochu-to-expand-logistics-capabilities-in-africa\" style=\"\" rel=\"noopener\">stake in Compass Arabia<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For 9M 2025:<\/strong> The group achieved total revenues of AED 1.3 bn, an increase of 11.6% y-o-y in 9M 2025, while cumulative net income reached AED 123.9 mn, reflecting a 15.2% rise y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The board proposed a banknote dividend of AED 0.04 per share, amounting to AED 90 mn for the first six months of 2025, scheduled for payment this November. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-national-hotels-company\/\">Abu Dhabi National Hotels Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agthia\/\">Agthia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n     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leadership in genomics                        <\/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\/11\/07\/uae-targets-global-leadership-in-genomics\/\" 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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-->\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\/11\/07\/uae-targets-global-leadership-in-genomics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1868.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109254\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/uae-targets-global-leadership-in-genomics\/1868-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1868.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1868.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1868.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1868.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109253\" class=\"content-area-description single-story post-109253 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-enterpriseam-uae tag-g42 tag-m42 tag-uae-in-the-news 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\/11\/.24e65ce9-8c7d-4f5d-ab9b-0174ebc89561.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu<\/strong><strong> Dhabi\u2019s push on genomic sequencing isn\u2019t just about healthcare \u2014 it\u2019s about AI too<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-11-06\/the-uae-is-winning-the-race-to-sequence-an-entire-country-s-dna?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, spotlighting the Emirate Genome Program and efforts to industrialize genomics at state scale, a key pillar of its economic diversification drive away from oil, along with its AI ambitions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While<\/strong><strong> commercial payoffs r<\/strong><strong>emain speculative<\/strong>, the Emirates has a clear vision of leading the global biotech scene, and aims to use the genomic data to generate an income through developing meds \u2014 though no country has managed to do so yet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where it\u2019s at: <\/strong>The six-year program holds more than 750k Emirati samples and is the world\u2019s largest genomic database. The UAE is now sequencing newborn Emiratis at birth and actively expanding to include its over 9 mn non-citizen population. A new biobank \u2014 10x larger \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff7d5a2f-fa96-4cf1-bb91-1cf4775d4ffc\/a-new-digital-asset-player-sets-up-shop-in-the-adgm\" style=\"\" rel=\"noopener\">is also coming this year<\/a>, and Abu Dhabi already holds 3.5 bn clinical records for 12.7 mn patient profiles. Meanwhile, G42 is already working with Indonesia and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a004fb1a-1b68-4ba2-a412-3aa922648a5b\/alpha-dhabi-holding-ups-its-national-corporation-for-tourism-and-hotels-stake-to-73.73%2525\" style=\"\" rel=\"noopener\">Uzbekistan<\/a> on similar national projects, and sees developing such data banks as interlinked with AI offerings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sticking points remain<\/strong> <strong>around privacy<\/strong> and access to the wealth of hyper-personal health datasets, along with concerns over how it will be used. Similar worries have derailed other comparable projects in the past, but so far in the UAE, participation is voluntary except for mandatory premarital screening.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/g42\/\">G42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/m42\/\">M42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/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=\"109255\" 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=\"109255\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/eshraq-and-agthia-both-take-cases-to-court\/\">\r\n                            Eshraq and Agthia both take cases to court                        <\/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\/11\/07\/eshraq-and-agthia-both-take-cases-to-court\/\" 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 board members were not named, but the disclosure name-checked two non-executive board members who have resigned from the firm \u2014 Jacques Fakhouri (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jacques-fakhoury-693a475\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Maha Al Fahim (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/maha-al-fahim-07ba891b\/details\/experience\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Last month, Eshraq said its request to redeem its shares in Goldilocks was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/273c2f9f-587f-4619-98e4-6d6ebc78c59a\/majid-al-futtaim-tapped-for-saudi-vision-2030-project\" style=\"\" rel=\"noopener\">refused<\/a> after an investment manager revealed that a \u201csignificant number\u201d had been pledged as security \u2014 for a facility worth around AED 208 mn \u2014 to a local bank back in 2019, predating Eshraq\u2019s 2022 acquisition. The development followed months of tension with Shuaa GMC, Goldilocks\u2019 former manager, over asset valuation disputes that surfaced earlier this year. Both Eshraq\u2019s chairman and CEO have stepped down recently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agthia<\/strong><strong> has begun proceedings against a counterparty that failed to comply<\/strong><strong> with its <\/strong><strong>delivery<\/strong><strong> targets for certain crops of dates<\/strong>, seeking recovery of some AED 142 mn in losses, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/532.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the ADX. The firm has already recorded some AED 108 mn in provisions. It will reverse them if the proceedings result in the repayment of the funds, or add the remainder in provisions in the upcoming quarters. <\/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\">M&A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based omnichannel distributor<\/strong> <strong>and <\/strong><strong>tech retailer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/maxuscoral.com\/\" style=\"\" rel=\"noopener\">Maxus Coral<\/a><\/strong><strong> has acquired <\/strong><strong>electronics retail chain E-city<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/376.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The transaction, the value of which wasn\u2019t disclosed, brings E-city under Maxus Coral\u2019s omnichannel platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The firm confirmed the takeover has regulatory clearance, with the final share transfer expected to be completed by December, a Maxus Coral spokesperson told EnterpriseAM UAE. E-city will retain its existing brand, and Maxus Coral is planning in-store format upgrades as well as a new leadership team to manage the transition. <\/p>\n<p class=\"tag-border-left\">INVESTMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India<\/strong><strong>-based venture-capital firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cedaribsicapital.vc\/\" style=\"\" rel=\"noopener\">Cedar-IBSi Capital<\/a><\/strong><strong> has received a limited-partner (LP<\/strong><strong>) commitment from Abu Dhabi\u2019s <\/strong><strong>KSH Investments<\/strong> for its debut fintech fund, which is expected to close by the end of the year, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/cedar-ibsi-capital-taps-key-lp-commitment-from-private-department-of-h-e-sheikh-mohamed-bin-khalid-al-nahyan-for-india-fintech-fund-so47vrsq\" style=\"\" rel=\"noopener\">press release<\/a>. KSH Investments is the strategic global investment and wealth management arm of the Private Department of Sheikh Abu Mohamed bin Khalid Al Nahyan. The LP commitment from KSH Investment was described as sizable, with financial terms undisclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fund details: <\/strong>Launched in 2023, the fund targets initial investments in the USD 500k-1 mn range, and focuses on B2B and enterprise software for financial services. The fund completed its first close in 2024 and is already backed by Indian institutional investors including Muthoot Finance, IIFL Capital, and a number of family offices. It plans to invest in 10-15 early-stage fintech startups. Current portfolio companies include intelligent-document-processing firm <a target=\"_blank\" href=\"https:\/\/cogniquest.ai\/\" style=\"\" rel=\"noopener\">Cogniquest<\/a>, and an incentive-compensation software firm <a target=\"_blank\" href=\"https:\/\/wonderlendhubs.com\/\" style=\"\" rel=\"noopener\">WonderLend Hubs<\/a> with a third investment currently under evaluation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Finmark Capital (DIFC) and Profit Financial Advisory acted as strategic advisers to the transaction.<\/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\">CRYPTO- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Phoenix<\/strong><strong> launches hydropower mining plant in Ethiopia: <\/strong>Abu Dhabi-based Phoenix Group launched a 30 MW hydropower-backed mining facility in the Ethiopian capital Addis Ababa, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/phoenix-group-launches-30mw-hydropower-mining-operation-in-ethiopia-sizq0ldu\" style=\"\" rel=\"noopener\">press release<\/a>. The facility came through a partnership with state-owned producer Ethiopian Electric Power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The 6.2k sqm facility will add 1.9 EH\/s (exahash per second) to Phoenix\u2019s mining capacity and use carbon-neutral hydropower from Ethiopia\u2019s national grid to power its mining and future compute activities. The move comes as Phoenix looks to diversify its portfolio into digital infrastructure like AI hosting.<\/p>\n<p class=\"tag-border-left\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Legend<\/strong><strong> to build mobility facility in Dubai: <\/strong>Investment group <a target=\"_blank\" href=\"https:\/\/www.legendholding.com\/\" style=\"\" rel=\"noopener\">Legend Holding<\/a> inked an agreement to establish a comprehensive mobility facility in Dubai Industrial City, according to a <a target=\"_blank\" href=\"https:\/\/www.legendholding.com\/news\/72e83ce2-3374-46b1-b498-d50bef2d09fc\" style=\"\" rel=\"noopener\">press release<\/a>. Legend will invest AED 300 mn in the 1 mn sq ft facility, which is slated for completion by 2027. It is expected to assemble 15k EV and non-EV motorcycles annually and also host Legend Autohub, a pre-owned vehicle dealership.<\/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\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Salik <\/strong><strong>partners with Schneider Electric + Vcharge on EV charging rollout: <\/strong>Dubai\u2019s toll gate operator Salik signed an agreement with Germany\u2019s Schneider Electric and US-based EV charging platform Vcharge to deploy smart EV charging infrastructure across the UAE, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/554.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The plan includes integrating Salik\u2019s e-wallet directly into Schneider chargers \u2014 enabling plug-in charging without apps or cards \u2014 and will cover over 1.8k charging points set to be installed by Vcharge. <\/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\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s<\/strong><strong> Space42 and South-Korea\u2019s Autonomous A2Z have launched a joint venture <\/strong>to localize the production of level-4 autonomous vehicles, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/space42-and-autonomous-a2z-establish-jv-to-accelerate-autonomous-mobility-transformation-in-the-uae-kqf12s2y\" style=\"\" rel=\"noopener\">press release<\/a>. The two firms will retrofit existing fleets, deploy vehicle-to-everything technologies, and eventually build a local workshop and R&D program. The initiative will target public transport, logistics, industrial zones, airports, and tourism sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>The JV was first announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/203c9632-9a33-46b7-937b-394a7470b41d\/no-sign-of-a-slowdown-on-day-four-of-gitex\" style=\"\" rel=\"noopener\">in October<\/a>, when the two said they wanted to create a self-driving ecosystem in Abu Dhabi.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agthia\/\">Agthia<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/eshraq-investments\/\">Eshraq Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/microsoft\/\">Microsoft<\/a>\n                <!-- 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       <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/mashreq-capital-sees-upbeat-4q-for-mena-bonds-selective-upside-in-equities\/\">\r\n                            Mashreq Capital sees upbeat 4Q for MENA bonds, selective upside in equities                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/mashreq-capital-sees-upbeat-4q-for-mena-bonds-selective-upside-in-equities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/264.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109258\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/mashreq-capital-sees-upbeat-4q-for-mena-bonds-selective-upside-in-equities\/264-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/264.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"264.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/264.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/264.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109257\" class=\"content-area-description single-story post-109257 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-debt tag-enterpriseam-uae tag-equities tag-financial-markets tag-mashreq 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\/11\/.666b184e-4486-4eea-8d86-e4e3e239a559.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The final qu<\/strong><strong>arter of 2025 is expected to bring a supportive<\/strong><strong> backdrop for MENA fixed <\/strong><strong>income and some regional equities<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/560.pdf\" style=\"\" rel=\"noopener\">Mashreq Capital\u2019s latest quarterly outlook (pdf)<\/a>. The region\u2019s bond markets remain supported by strong fundamentals and steady demand, while equities in markets like the UAE, Saudi Arabia, and Oman are benefitting from impressive macro turnarounds, reform momentum, and improving liquidity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA bonds to deliver near double-digit returns: <\/strong>MENA fixed income continues to outperform global peers, supported by resilient sovereign balance sheets, the US Federal Reserve\u2019s easing cycle, and strong demand from local and Asian investors. The Bloomberg MENA USD Aggregate Index rose 8.6% in 9M 2025 and is on track for close to double-digit returns for the full year. Yields hover around 5.4%, roughly 10 bps above the five-year average and about 80-100 bps above other regional aggregates. Sovereigns and GREs remain the main performance drivers, led by Saudi Arabia (+309 bps), the UAE (+234 bps), and Qatar (+85 bps). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Default rates across MENA are projected to stay well below global EM averages.<\/strong> Corporate defaults have averaged just 0.4% over the past five years versus 1.5% globally, reflecting the region\u2019s high-grade mix and limited corporate leverage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq maintains a constructive stance on Egypt<\/strong>, supported by macro stabilization, fiscal reforms, and improving ratings momentum. Egypt benefits from high real interest rates, a narrowing current-account deficit, and IMF-backed reforms, with foreign reserves at USD 49 bn and inflation down to 12%, Mashreq Capital said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It holds neutral views on Saudi Arabia and the UAE<\/strong>, citing solid fundamentals but limited room for further spread tightening. Saudi Arabia\u2019s long end faces supply pressure amid rising issuance and a widening fiscal deficit, estimated at 5.3% of GDP, while the UAE remains preferred for quality duration exposure and defensive value. Mashreq favors short- to mid-duration Saudi bonds, selective infrastructure-linked corporates in Saudi Arabia and the UAE, and GCC AT1s and Tier 2s for attractive carry backed by well-capitalized banks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supply outlook stays elevated: <\/strong>Regional issuance has already reached USD 128 bn YTD, surpassing 2024\u2019s total, and is forecast to hit USD 147 bn by year-end. Sovereigns and GREs dominate supply, with Saudi Arabia accounting for around 45%. Sukuk issuance remains robust at USD 74 bn, or 58% of the total. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the equities front:<\/strong> Mashreq holds a constructive bottom-up view on Saudi Arabia and the UAE, where diversification agendas and liquidity conditions continue to improve. Saudi Arabia remains supported by increased fiscal discipline and new structural reforms, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c04f368c-f57d-4c18-bafe-bd173624ae43\/\" style=\"\" rel=\"noopener\">potential foreign ownership limit increases<\/a> and easing of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/c04f368c-f57d-4c18-bafe-bd173624ae43\/tadawul-opens-up-more-to%253cmark%253e-foreign%253c%2Fmark%253e-investors-under-draft-regs\" style=\"\" rel=\"noopener\">Qualified Foreign Investor rules<\/a>. In the UAE, tourism, AI-linked technology, and commercial real estate remain key structural themes. Despite short-term concerns over potential oversupply in Dubai property, strong end-user demand and disciplined construction suggest limited downside, Mashreq Capital says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Risks to watch:<\/strong> Mashreq identifies sustained oil price weakness as the primary macro risk, given its impact on fiscal balances. Saudi Arabia is most sensitive to oil price movements, while the UAE is relatively insulated. The report also notes that geopolitical risks have receded, shifting market focus toward oil price dynamics and policy execution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are a sea of red<\/strong>, as they track Wall Street losses amid waning sentiment around AI. Japan\u2019s Nikkei fell 1.9%, while South Korea\u2019s Kospi lost 1.5% and Hong Kong\u2019s Hang Seng fell 0.6%. <strong>Over on Wall Street<\/strong>, futures are pointing to a slight rebound after the losing session for the S&P and Nasdaq. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,024<\/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: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">6,022<\/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: +16.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,861<\/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: +16.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.7% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.8% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,302<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -6.2%)<\/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>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\">39,950<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% (YTD: +34.3%)<\/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>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\">6,720<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: +14.3%)<\/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>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\">9,736<\/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: +19.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,611<\/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% (YTD: +14.6%)<\/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>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 63.38<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.4<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,993.7<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 101,309<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.1% (YTD: +7.3%)<\/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>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 3.75<\/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\">-1.3% (YTD: +7.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">151.57<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">19.5<\/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\">+8.3% (YTD: +13.5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.5% yesterday<\/strong> on turnover of AED 629.9 mn. The index is up 16.7% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Al Mazaya Holding Company (+9.4%), National International Holding Company (+9.4%) and Emirates REIT (+4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Ekttitab Holding Company (-4.4%), Talabat Holding (-3.4%) and Emirates Reem Investments Company (-1.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.1% on turnover of AED 1.1 bn. Meanwhile, Nasdaq Dubai was up 0.5%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/equities\/\">equities<\/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\/mashreq\/\">Mashreq<\/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=\"109259\" 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=\"109259\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/my-morning-routine-roman-shimanskiy-ceo-of-yango-play\/\">\r\n                            My Morning Routine: Roman Shimanskiy, CEO of Yango Play                        <\/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\/11\/07\/my-morning-routine-roman-shimanskiy-ceo-of-yango-play\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Roman Shimanskiy (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/romanshimanskiy\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), CEO of Yango Play. <strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My name is Roman <\/strong><strong>Shima<\/strong><strong>nskiy<\/strong><strong>. I'm the Chief Executive of Yango Play<\/strong>. We\u2019re an AI-powered superapp in the Middle East region which brings different types of entertainment into one single application, from movies and series to music and mini games. We\u2019re part of Yango Group, which is a UAE-headquartered global tech company that covers everything from direct technology services up to robotics and all its different B2C and B2B applications.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the fact that we're a global company, our key success factor is that we're extremely [localized]<\/strong>. We do not operate in the same way or offer the same content for all the countries in the MENA region where we operate; we tailor our content to every single country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At Yango Play, in particular,<\/strong><strong> we\u2019re very focused on Arabic-speaking content<\/strong>, as the Gulf and Egypt make up our primary audience. It\u2019s a cornerstone of the culture here, and so there was no debate over Arabic-speaking shows and content being our priority. We produce original Arabic content through Yango Originals and also bring the best shows already out there to our platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We still include global content, but we find that local stories are the best way to connect with viewers<\/strong>. We\u2019re also investing in content production to keep bringing high quality content to our platform and further develop the industry for Arabic content.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Although the video streaming industry has lots of players, there isn\u2019t any <\/strong><strong>competition<\/strong> in terms of having the range of entertainment types that we have on our platform. We also have our AI-powered smart speaker Yasmina, that is fully integrated with the Yango Play app itself.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We don\u2019t limit ourselves to a single category<\/strong> because the borders between different types of entertainment are being erased. We try to focus on tapping into the flow between different types of content. The amount of time that people will spend consuming content is only going up, and so for us it\u2019s all about providing enough good quality content to make this time well spent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The industry itself has changed a lot recently<\/strong>. In the first episode of a show, you need to engage people within the first five minutes and grab their attention or they will stop watching. It\u2019s very different from traditional TV, or even movies and cinema. We\u2019re seeing less restrictions and expectations when it comes to what customers expect from streaming, and more of a blend between content that used to be more typical of YouTube or social media.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It all boils down to the ability to engage someone in a story<\/strong> and now you have a very short time to capture peoples\u2019 attention, especially as attention spans are becoming more fragmented.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m not naturally a morning person, but one thing I do love is numbers<\/strong> and I\u2019m a bit obsessed with checking viewership and subscriber numbers for Yango Play from the day before first thing in the morning. It\u2019s great to see how people are reacting to our work, especially when we launch something new. We have five main dashboards and I love to dive into this ocean of data straight away \u2014 it\u2019s almost a form of meditation. I\u2019ll look until I stumble upon something that catches my eye and then I start to brainstorm from there.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I read EnterpriseAM through its emailed newsletter as for me email is a more focused form of communication<\/strong>. There aren\u2019t as many distractions like ads as in other mediums.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m definitely an office person as it helps keep that space and boundary between home and work<\/strong>. Commuting home for me is almost like when divers are coming back to the surface \u2014 it\u2019s a gradual period of decompression that helps me make the switch into home mode.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My day is normally shaped around back to back meetings <\/strong>throughout the day. Sometimes it\u2019s only by 7pm that I can finally get to focus on my own work. Organization-wise, I keep a to-do list, which gives me a certain satisfaction when I tick off the things I\u2019ve achieved that day, and I also book everything into my calendar to try and keep control over my time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>During my time off I try to do the opposite<\/strong> and avoid having too much of a set schedule to really help myself switch off and avoid this sense of having an inner timer in your head.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About a year ago I started going for at least a couple of walks a day<\/strong>, and I even started doing walking meetings. It helps get the blood flowing to your brain \u2014 hence with creativity \u2014 a lot more than sitting inside all day. Other people are generally onboard and like the change of scenery, but convincing them to have a walking meeting in the summer in Dubai is trickier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a personal level, I recently got some smart devices that track your health because that\u2019s a priority for me right now<\/strong>. Professionally, we really see ourselves being number one in the industry in a few years, given we\u2019re part of a huge global tech company and how agile we are in terms of building new products and features.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Switching off my notifications helps my work-life balance<\/strong> since it silences those triggers, especially when your phone is like a second workplace. I actually also use Yango Play to switch off often and am very lucky as I can watch our own original series before everyone else. I would really recommend a series we\u2019ve recently released called <a target=\"_blank\" href=\"https:\/\/play.yango.com\/en\/movies\/film\/2fff230722484e729735401b464e3a28\" style=\"\" rel=\"noopener\">Roses and Chocolates<\/a>, which is inspired by true stories. It\u2019s really good \u2014 so much so that I\u2019ve been messaging the producers asking them to send me the next episode straight away.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A piece of advice that stuck with me was from a podcast which spoke about the power of the word \u2018thank you\u2019<\/strong>, and the different ways to show appreciation for what someone has done. Sometimes these simpler signs of appreciation are more powerful than any numbers or scores, and can really motivate people. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/yango\/\">Yango<\/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=\"109261\" 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\/11\/07\/109261-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109261\" class=\"content-area-description single-story post-109261 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;\">NOVEMBER  <\/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 style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adisummit.ae\/\" style=\"\">Abu Dhabi Infrastructure Summit (ADIS)<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-9 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>10-11 November (Monday-Tuesday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bmkc5u1-cairo-host-egyptian-gulf-trade-investment-forum\" style=\"\">Egypt-Gulf Cooperation Council (GCC) Trade and Investment Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo.<\/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>11-12 (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wtprocessandmachinery.com\/middle-east\" style=\"\">World Tobacco Middle East<\/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>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=1762487775744110&usg=AOvVaw3Jxg013ZxSNlEzRhHy9603\" 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>17-18 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/mining-show\/index.stm\" style=\"\">The Mining Show<\/a><\/span><span style=\"font-weight:400;\">, Za'abeel Halls, 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>17-19 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/organicandnatural.com\/\" style=\"\">Middle East Organic & Natural Products Expo<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18-19 November (Tuesday-Wednesday): Dubai Future Forum, Museum of the Future, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.foodsafetydubai.com\/\" style=\"\">Dubai International Food Safety Conference (DIFSC)<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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:\/\/mbrf.ae\/knowledgesummit\/\" style=\"\">Knowledge Summit<\/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>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>24-27 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.liveablecitiesx.com\/\" style=\"\">LiveableCities X<\/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>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>3-4 December (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.binanceblockchainweek.com\/event\/f9827cbe-16f8-478a-bc06-f4e8b783ae54\/Home-BBW\" style=\"\">Binance Blockchain Week<\/a><\/span><span style=\"font-weight:400;\">, Coca-Cola Arena, Dubai.<\/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 Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-9 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;\">, 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 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>12 December (Friday): Emirates NBD to launch an open offer for<\/span> <span style=\"\">Mumbai-listed RBL Bank\u2019s public shares. <\/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>26 December (Friday): Tender period for Emirates NBD\u2019s offer for RBL Bank\u2019s public shares ends.<\/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>12-15 January (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dipmf.ae\/en\/\" style=\"\">Dubai International Project Management Forum<\/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>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>7-9 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adghw.com\/\" style=\"\">Future Health 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>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>21-23 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.uitpsummit.org\/dubai2026\/\" style=\"\">UITP Public Transport 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;\">MAY 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;\">19-20 May (Tuesday-Wednesday): Capital Market Summit, Madinat Jumeirah, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 June-15 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaimallathon.ae\/\" style=\"\">Dubai Mallathon<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY 2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">31 July (Friday): <\/span><span>Large businesses achieving annual revenues equal to or above AED 50<\/span> <span>mn<\/span> <span style=\"font-weight:400;\">must appoint an accredited service provider for e-invoicing implementation. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen in 2026: <\/span><\/p>\n<ul>\n<li><span>13-15 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/dubai-to-host-third-edition-of-international-glass-manufacturing-show-in-april-2026-bjw53wgq\" style=\"\">The International Glass Manufacturing Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai; <\/span><\/li>\n<li><span>14-16 April: (Tuesday-Thursday): the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ips-dubai.com\/\" style=\"\">International Property Show<\/a><\/span><span style=\"font-weight:400;\">, Sheikh Zayed Rd, Dubai;    <\/span><\/li>\n<li><span>11-13 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aieverythingglobal.com\/home\" style=\"\">AI Everything Global<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center;<\/span><\/li>\n<li><span style=\"font-weight:400;\">The UAE to host the Arab Competition Forum;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Dubai to host the Arab Actuarial Conference;<\/span><\/li>\n<li><span style=\"font-weight:400;\">United Nations Water Conference;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Dubai Future Finance Week;<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bk8zh7y-investopia-host-inaugural-global-talks-tashkent\" style=\"\">Investopia Global Talks<\/a><\/span><span style=\"font-weight:400;\">, Tashkent.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in October 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi Space Week, Abu Dhabi.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">1 January: Deadline for large businesses to implement e-invoicing;<\/span><\/li>\n<li><span>1Q 2027: Completion of the first phase of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4e973fb-1779-41cf-b29f-f4df8c403414\/this-morning:-india%25e2%2580%2599s-kotak-receives-sca-license,-plans-retail-focused-funds-in-4q-2025-%2B-ifza-in-panama%3F\" style=\"\">Hassyan seawater desalination project<\/a><\/span><span style=\"font-weight:400;\">; <\/span><\/li>\n<li><span style=\"font-weight:400;\">31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation ;<\/span><\/li>\n<li><span>31 March: Government entities<\/span> <span style=\"font-weight:400;\">are required to appoint an accredited service provider for e-invoicing implementation;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 July: Deadline for small businesses to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 October: Deadline for governments to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Abu Dhabi\u2019s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime between 2027-2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;<\/span><\/li>\n<li><span style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>AND- AD Ports to acquire stake in Syrian terminal<\/p>\n","protected":false},"featured_media":109233,"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-109232","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"24dc977c-5753-42a0-9b47-a37eb45c82ae","teaser":"AND- AD Ports to acquire stake in Syrian terminal","photo_url":"https:\/\/ent.news\/2024\/4\/533.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>Mubadala-backed Aquarian 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