{"id":109814,"date":"2025-11-26T00:00:00","date_gmt":"2025-11-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=109814"},"modified":"2025-12-15T05:39:27","modified_gmt":"2025-12-15T05:39:27","slug":"sp-global-affirms-ras-al-khaimahs-rating-amanats-education-arm-wraps-tadawul-ipo","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/sp-global-affirms-ras-al-khaimahs-rating-amanats-education-arm-wraps-tadawul-ipo\/","title":{"rendered":"S&#038;P Global affirms Ras Al Khaimah\u2019s rating + Amanat\u2019s education arm wraps Tadawul IPO"},"content":{"rendered":"<section id=\"109816\" 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=\"109816\">\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\/26\/this-morning-airtel-money-looks-set-for-a-uae-ipo-in-2026-new-mall-coming\/\">\r\n                            THIS MORNING: Airtel Money looks set for a UAE IPO in 2026 + New mall coming?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/this-morning-airtel-money-looks-set-for-a-uae-ipo-in-2026-new-mall-coming\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2533.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109817\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/this-morning-airtel-money-looks-set-for-a-uae-ipo-in-2026-new-mall-coming\/2533-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2533.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2533.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2533.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2533.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109816\" class=\"content-area-description single-story post-109816 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adgm tag-artificial-intelligence tag-emaar tag-enterpriseam-uae tag-finance-ministry tag-hong-kong tag-ipo tag-oil-and-gas tag-tabby tag-telecoms tag-uae-india-relations tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.d0ed526d-84c7-4b5f-9922-de786c7d03e8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people, and happy hump day. <\/strong>It\u2019s one of those days that we like to call a Goldilocks day \u2014 not super busy for a Wednesday morning, but nowhere near quiet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two big stories of the day<\/strong> are <strong>S&amp;P Global\u2019s affirmation of Ras Al Khaimah\u2019s A\/A-1 rating<\/strong> on strong fiscal fundamentals and forecast growth, along with <strong>Amanat\u2019s Saudi education arm wrapping the retail portion of its IPO<\/strong>, with 1.2x oversubscription. <strong>Also:<\/strong> Morocco\u2019s hospital giant Akdital Holding is planning to raise funds for its expansion into the UAE and Saudi Arabia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- We have a run-down of how Dubai and Abu Dhabi-listed firms\u2019 earnings growth <\/strong>fared compared to the rest of the GCC \u2014 and the good news is: growth trumped that of firms on other indices across the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Expect a partly cloudy day with slightly cooler temperatures in both Dubai <\/strong><strong>and Abu Dhabi<\/strong>, with the mercury peaking at 29\u00b0C in Dubai before cooling to 21\u00b0C, and 29\u00b0C in Abu Dhabi before reaching a low of 19\u00b0C. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- <\/strong><strong>Foreign li<\/strong><strong>sting incoming? <\/strong>London and Lagos-listed telecom player <a target=\"_blank\" href=\"https:\/\/www.airtel.africa\/\" style=\"\" rel=\"noopener\">Airtel Africa<\/a> \u2019s mobile unit <a target=\"_blank\" href=\"https:\/\/www.airtel.africa\/mobile-money\" style=\"\" rel=\"noopener\">Airtel Money<\/a> secured a regulatory waiver from the Securities and Commodities Authority (SCA) to pursue a UAE listing, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/equities\/uae-aims-to-go-international-with-airtel-money-ipo-ifr-jso4dnpi\" style=\"\" rel=\"noopener\">IFR<\/a> reports. The fintech, which is owned by Indian telecom operator <a target=\"_blank\" href=\"https:\/\/www.airtel.in\/about-bharti\/about-bharti-airtel\/\" style=\"\" rel=\"noopener\">Bharti Airtel<\/a> and has virtually no operational or revenue footprint here at home, had also been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/72aa2802-cc36-4dd2-b3c8-4f814e6922a2\/this-morning:-sobha-realty-on-roadshow-for-maiden-green-sukuk-%2B%253cmark%253e-airtel%253c%2Fmark%253e-africa-mulls-uae-as-listing-venue-for%253cmark%253e-airtel%253c%2Fmark%253e-money\" style=\"\" rel=\"noopener\">weighing London and other European exchanges<\/a> as potential venues for a listing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IPO, planned for 1H 2026, could fetch around USD 1 bn in proceeds<\/strong> and a USD 4 bn valuation. It would also mark the UAE\u2019s first African equity listing, which would be a boost for the Emirates\u2019 push to attract foreign issuers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bankers say the IPO will likely hinge on landing a heavyweight Emirati cornerstone investor<\/strong>, which would determine whether the stock lands on the DFM or ADX. Domestic demand for the offer is expected to be thin given Airtel\u2019s lack of UAE ties, despite some minority shareholders being based out of Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the IPO-hopeful: <\/strong>Airtel Money reported USD 623 mn in mobile money operations revenue in 1H 2025, a 33.7% y-o-y increase, while EBITDA rose 30.7% to USD 323 mn, IFR wrote. The business now serves 49.8 mn users, up 20% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>The company held bank pitch meetings in September to start filling out the syndicate, but Citi remains the only mandated global coordinator for now, with other banks still awaiting confirmation.<\/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>UK<\/strong><strong> energy services company Petrofac\u2019s UAE operations are \u201ccontinuing as normal,\u201d <\/strong><strong>despite the layoff of 180 employees<\/strong> after the company was hit a major loss of a USD 15 bn offshore wind contract in the Netherlands and as it continues to face mounting debt, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2025\/11\/24\/petrofac-says-uae-projects-on-track-despite-layoffs\/\" style=\"\" rel=\"noopener\">The National<\/a> reports, citing a company source. The company\u2019s local arm Petrofac Emirates is delivering on schedule, the outlet says, citing an Adnoc Gas representative.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Current projects include a USD 1.2 bn Adnoc gas <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3dfde80-4d6f-46db-815f-803cb236a9fc\/adnoc-gas%25e2%2580%2599-rich-gas-development-project-kicks-off\" style=\"\" rel=\"noopener\">expansion<\/a><\/strong><strong> on Das Island<\/strong>, a USD 330 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d668234f-7225-4323-a7d0-dbfd409f7b0c\/adnoc-inks-aed-2-bn-contracts-to-expand-gas-infrastructure\" style=\"\" rel=\"noopener\">compressor plant<\/a> at Habshan, and a USD 615 mn carbon capture facility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Petrofac has a debt of roughly USD 4 bn <\/strong>following years of losses and reputational fallout from a bribery case that resulted in a EUR 77 mn penalty in 2021, the news outlet says. Although a restructuring plan was cleared earlier this year, the wind contract\u2019s cancellation cast doubt over the company\u2019s ability to sustain long-term operations.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Animoca<\/strong><strong> receives green light to operate as fund manager:<\/strong> Hong Kong-based Web3 venture capital and software firm <a target=\"_blank\" href=\"https:\/\/www.animocabrands.com\/\" style=\"\" rel=\"noopener\">Animoca Brands<\/a> received in-principle approval (IPA) from ADGM\u2019s Financial Services Regulatory Authority to operate as a regulated fund manager, according to a <a target=\"_blank\" href=\"https:\/\/www.animocabrands.com\/animoca-brands-receives-in-principle-approval-from-adgms-fsra\" style=\"\" rel=\"noopener\">press release<\/a>. The company will be authorized to manage a collective investment fund in or from the ADGM, subject to securing final regulatory approval. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The company is planning to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f2f7e8b6-e565-454f-8666-c712bcb4a127\/this-morning:-etihad-airways-ready-for-an-ipo-but-does-not-need-the-cash,-ceo-says-%2B-adia-eyes-sale-of-50%2525-stake-in-ifco\" style=\"\" rel=\"noopener\">open<\/a> its first regional office in Dubai, and is also planning to set up funds for startups, although the amount of investments allocated to the region has not been disclosed. The Dubai office will focus on financing, market access, and mentorship for local startups and more established crypto companies.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #4- Emaar is building a new mall:<\/strong> Emaar and Eagle Hills chairman Mohamed Alabbar said the firm will develop a AED 180 bn Dubai Square Mall in Dubai Creek Harbour, set to be three times the size of the Burj Khalifa area in Downtown Dubai, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/mohamed_alabbar\/status\/1993296877215760609\" style=\"\" rel=\"noopener\">post on X<\/a>. The mall, which is scheduled to open in three years\u2019 time, will allow electric vehicles access to its interior, and will integrate AI-driven retail systems, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/retail\/dubai-square-mall-to-open-within-three-years-mohamed-alabbar-1.500359549\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alabbar first hinted at the project in February last year<\/strong> at the Sharjah Entrepreneurship Festival, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/dubai-want-to-drive-through-a-mall-uae-billionaire-reveals-plan-for-new-shopping-centre?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> previously reported. \u201cThis will be the first time cars can enter a mall so it will be very unique,\u201d he said at the time. <\/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>Have you checked out EnterpriseAM MENA &lt;&gt; India? <\/b>It's our newest briefing tracking one of the world's most dynamic trade, investment, and cultural corridors. Every Monday, Wednesday, and Friday, we'll track the transactions, trends, and market moves connecting these two dynamic regions. The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world \u2014 and we\u2019re telling it as only we can.<\/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, subscribe to <b>EnterpriseAM MENA &lt;&gt; India<\/b> by tapping <strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\" style=\"\" rel=\"noopener\">here<\/a><\/strong> to get the strategic intelligence you need.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/sub.ent.news\/mena-india\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1777.jpg?ssl=1\"><\/a> <\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong> Dubai has set new rules for reporting and managing lost and abandoned prop<\/strong><strong>erty<\/strong>, replacing the 2015 framework, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmw8txi-mohammed-bin-rashid-issues-law-handling-lost\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Anyone who finds lost property \u2014 excluding public employees on duty \u2014 must register it in Dubai Police\u2019s electronic system within 24 hours and hand it over within 48 hours. Police will oversee the logging, storage, and public announcement of items through a new digital system, and will give owners a chance to reclaim items before disposal or claim their value within three years if sold. Finders may receive 10% of the item\u2019s value (capped at AED 50k) and can request to keep unclaimed items after one year, subject to police approval. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Violations of the new rules carry fines of AED 500-100k<\/strong>, doubled for repeat offenses. The new law takes effect upon its publication in the Official Gazette. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Speaking of fines\u2026 you can now pay off your fines and government service fees in installments <\/strong>with Dubai-based BNPL and shopping platform Tabby after the Finance Ministry partnered with the platform, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmw8u6e-ministry-finance-launches-tabby-payment-services\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>OpenAI enables UAE-based data storage: <\/strong>OpenAI has activated local data residency in the UAE for organizations using ChatGPT Enterprise, ChatGPT Edu, and its API platform, giving businesses, government entities, and universities the option to store data inside the country to meet compliance and governance requirements, according to a <a target=\"_blank\" href=\"https:\/\/openai.com\/index\/expanding-data-residency-access-to-business-customers-worldwide\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes as adoption continues to climb:<\/strong> OpenAI says its UAE user base has tripled over the past year, with around 60% of 18 to 24-year-olds and 50% of 25 to 34-year-olds using ChatGPT weekly. Enterprise users now include G42, Mubadala, Abu Dhabi Investment Council, Aldar, MBZUAI, Khalifa University, NYU Abu Dhabi, and Tabby.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Public-service rollout underway:<\/strong> As part of the Stargate UAE initiative, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0e07ee87-d628-4316-97e0-eb1ac4e5f561\/this-morning:-taqa-eyes-acquisitions-in-the-us-%2B-bin-butti-joins-race-for-italian-refiner-ip\" style=\"\" rel=\"noopener\">OpenAI and G42 are integrating ChatGPT Plus into public services<\/a> such as education and healthcare, though personal ChatGPT Plus subscriptions remain USD 20\/month. <\/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- A Dubai Chambers of Commerce delegation is in Malaysia and Cambodia <\/strong><strong>until <\/strong><strong>Friday, 28 November <\/strong>to explore investment and potential partnerships for Dubai companies, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmv1zcj-dubai-chamber-commerce-launches-trade-mission\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The mission includes meetings with government bodies, major companies, and one-on-one business sessions to build long-term trade and investment ties. Delegates will study local investment environments and prospects to potentially expand to those markets to support export and re-export growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Meanwhile, a mission led by Malaysia\u2019s Entrepreneur Development and Cooperative<\/strong><strong>s Ministry is in <\/strong><strong>Dubai <\/strong><strong>this week<\/strong>, with meetings scheduled across major business hubs through Friday, <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/News\/330786\/Malaysia-mission-to-Dubai-targets-franchise-business%2C-trade-expansion\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reports. The delegation \u2014 which includes representatives from Malaysian franchisors, SMEs, and investors \u2014 is courting UAE investors, buyers, and prospective master-franchise partners as it looks to expand Malaysian brands in the GCC and deepen bilateral trade and investment ties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong> The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.big5global.com\/visit\/why-visit\/?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=3876-S-Big-5-Global-2025-Delprom-B-DCN-GCC-Africa&amp;gad_source=1&amp;gad_campaignid=22886407126&amp;gbraid=0AAAAAC_uZlmNAF-FwClMP0S21Z8pqxPAI&amp;gclid=Cj0KCQjw5onGBhDeARIsAFK6QJY8Kla_Y41esJEpT7j9Fryo03DuyHcDKgUzXxIOAbwZvYGpdYYu4DkaAqacEALw_wcB\" style=\"\" rel=\"noopener\">Big 5 Global Exhibition<\/a><\/strong><strong> is on its third day and runs until tomorrow <\/strong>at Dubai World Trade Center. The four-day event convenes construction leaders and policymakers in the urban development ecosystem. Over 2.8k industry suppliers will be at the event, which will focus on advanced technologies and collaboration on infrastructure innovation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.liveablecitiesx.com\/\" style=\"\" rel=\"noopener\">LiveableCities X<\/a><\/strong><strong> is also taking place until tomorrow <\/strong>at Dubai World Trade Center. The event brings together international city planners, policymakers, and urban planners to discuss the latest technologies and solutions for sustainable and smart urban environments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.doerssummit.com\/city\/dubai\" style=\"\" rel=\"noopener\">Doers Summit<\/a><\/strong><strong> kicks off today and runs through to tomorrow at Du<\/strong><strong>bai Digital Park <\/strong>in Silicon Oasis, bringing together founders, operators, investors, and technology players for panels, workshops, and startup showcases focused on AI, fintech, engineering, and venture building, with hands-on sessions for early-stage founders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/datewithtech.com\/dubai\/\" style=\"\" rel=\"noopener\">Date with Tech<\/a><\/strong><strong> is underway today and tomorrow in Dubai\u2019s Madinat Jumeirah<\/strong><strong>. <\/strong>The event \u2014 a new summit covering AI, digital assets, cybersecurity, immersive tech, and smart infrastructure \u2014 spotlights the region\u2019s fast-growing tech sector, from a projected USD 166 bn AI market by 2030 to rising data-center and digital-transformation investment, and serves as a platform for next-gen technology partnerships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dfsa.ae\/dfsa-hkma-joint-climate-finance-conference\" style=\"\" rel=\"noopener\">DFSA-HKMA Joint Climate Finance Conference<\/a><\/strong><strong> is happening today<\/strong> at the DIFC Conference Center. Co-hosted by the Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA), the event brings together regulators, global investors, and financial institutions to explore sustainable finance solutions and deepen bilateral collaboration. Key topics include scaling climate finance through tokenization and technology.<\/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>Markets extended their rally yesterday<\/strong>, after new US economic data \u2014 including soft retail sales and lower consumer confidence in September \u2014 strengthened the case for a third rate cut next month. The Dow closed up 1.43%, while the S&amp;P 500 was up 0.91%. Meanwhile, Nasdaq\u2019s gains were limited to 0.67% on a 2.6% decline in Nvidia over Google competition fears. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/us-futures-ease-with-investors-focus-data-alphabet-shines-2025-11-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/62539bfd-1b5b-4cde-af0e-a210e6a3d79a\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/markets\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/11\/25\/2025\/google-is-coming-for-nvidia\" style=\"\" rel=\"noopener\">Semafor<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN GEOPOLITICS- <\/strong>A-US backed peace framework won Ukraine\u2019s backing after a few days of intense negotiations, with \"only a few remaining points of disagreement,\" according to US President Trump. The amended proposal is unlikely to appeal to Moscow, which seems uncompromising on its goals to solidify territorial gains and slash Ukraine\u2019s military within an inch of its life. (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/world\/live-news\/russia-ukraine-us-peace-plan-trump-11-25-25\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/us-holds-secret-russia-ukraine-peace-talks-abu-dhabi-ft-reports-2025-11-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/25\/ukraine-russia-peace-trump-abu-dhabi.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING-<\/strong><\/p>\n<ul>\n<li><strong>Trump\u2019s Genesis Mission <\/strong>will build a digital platform to concentrate scientific data and pave the way for using AI in engineering, energy and national security. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/genesis-mission-trump-ai-25acaea44113c2b60111e8b142344737\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/li>\n<li><strong>An Ethiopian volcano eruption<\/strong> sent ashes all the way to Delhi. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cn41vl9d5qko\" style=\"\" rel=\"noopener\">BBC<\/a>)<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More Murban is heading to India: <\/strong>Mangalore Refinery and Petrochemicals (MRPL) has purchased 2 mn bbl of Abu Dhabi\u2019s Murban crude for January loading through a tender awarded to BP, as Indian refineries continue to avoid Russian barrels, <a target=\"_blank\" href=\"https:\/\/energy.economictimes.indiatimes.com\/news\/oil-and-gas\/mangalore-refinery-shifts-from-russian-oil-to-uae-murban-crude-amid-sanctions\/125538407\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Middle East producers are finding a lifeline in China and India<\/strong> \u2014 which have been absorbing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6062622a-ffde-401e-90ca-b6de20ece0b0\/\" style=\"\" rel=\"noopener\">surplus<\/a> from the region \u2014 as the world\u2019s biggest importers shift away from Russian grades. Chinese state-owned refiner Yanchang Petroleum <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7caec85a-9602-4fd1-9856-fa8a2aaea8f1\/\" style=\"\" rel=\"noopener\">secured<\/a> 2 mn bbl of Abu Dhabi Murban from Swiss trader Mercuria last week, while MRPL purchased 2 mn bbl of Abu Dhabi\u2019s Murban for <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/ioc-seeks-24-million-barrels-oil-americas-january-march-2026-document-shows-2025-10-30\/\" style=\"\" rel=\"noopener\">December loading<\/a> from Glencore to replace the Russian supply. India\u2019s Hindustan Petroleum Corp also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a9b71e1d-d3e7-4379-90a6-ca55f51fef14\/\" style=\"\" rel=\"noopener\">booked<\/a> 2 mn bbl of Abu Dhabi\u2019s Murban crude for January.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> 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story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"109819\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/sp-affirms-ras-al-khaimahs-credit-rating-at-a-a-1-with-stable-outlook\/\">\r\n                            S&amp;P affirms Ras Al Khaimah\u2019s credit rating at A\/A-1 with \u201cstable\u201d outlook                        <\/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 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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/297.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/297.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109819\" class=\"content-area-description single-story post-109819 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-ras-al-khaimah tag-sp-global 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\/.f6912d59-df91-4045-8ba5-27c1b5996ae4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>S<\/strong><strong>&amp;P<\/strong><strong> maintains<\/strong><strong> Ras Al Khaimah\u2019s credit rating on stronger growth outl<\/strong><strong>ook:<\/strong> S&amp;P Global Ratings upheld Ras Al Khaimah\u2019s (RAK) long- and short-term foreign and local currency sovereign credit ratings at A\/A-1 with a stable outlook, state-news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmw8trq-ras-khaimah-maintains-aa-1-sp-global-credit-rating\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing an S&amp;P Global statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rating reflects strong growth prospects and resilient fiscal per<\/strong><strong>formance<\/strong>, with the ratings agency expecting the emirate\u2019s economic and fiscal outlook to remain \u201cstrong\u201d for the next two years, supported by low debt and consistent budget surpluses.<\/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 strong forecast is also underpinned by a pipeline of tourism- and infrastructure-related projects<\/strong><span style=\"background-color: transparent;\">, including the <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/624ad3b1-6bdb-49ba-ab88-ecb5c1d24e06\/%253cmark%253ewynn%253c%2Fmark%253e-resorts-invests-usd-514.4-mn-to-date-in%253cmark%253e-marjan%253c%2Fmark%253e-gaming-resort-%2B-earmarks-land-for-future-development\" rel=\"noopener\">Wynn Al Marjan Island integrated resort<\/a><span style=\"background-color: transparent;\">, which is expected to open in early 2027. The project \u2014 developed with state-owned enterprises RAK Hospitality Holding and Marjan \u2014 is projected to contribute 40% of RAK's GDP. The rating decision also comes on the back of robust performance in real estate, manufacturing, and mining, the report states.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ras Al Khaimah\u2019s real GDP is set to grow by over 4% by 2027-2028<\/strong>, with GDP per capita projected to rise to USD 32.6k by 2028, S&amp;P Global forecasts. <\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/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=\"109821\" 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=\"109821\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/almasar-education-wraps-up-tadawul-ipo-with-retail-portion-1-2x-oversubscribed\/\">\r\n                            Almasar Education wraps up Tadawul IPO, with retail portion 1.2x oversubscribed                        <\/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\/26\/almasar-education-wraps-up-tadawul-ipo-with-retail-portion-1-2x-oversubscribed\/\" 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 retail pool accounted for 30% of the total offer, and wraps up the second leg of the IPO after the institutional tranche, priced earlier this month at SAR 19.50 per share, closed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/da19e96c-a127-4c58-9ea6-61ccbdfd857f\/%253cmark%253ealmasar%253c%2Fmark%253e-education%25e2%2580%2599s-ipo-draws-strong-demand-with-orders-exceeding-sar-60-bn\" style=\"\" rel=\"noopener\">102.9x oversubscribed<\/a>, setting the company up for a SAR 2 bn market cap at listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Refresher:<\/strong><span style=\"background-color: transparent;\"> Almasar is floating a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3e01766-e30e-42e4-adc2-24c4ae5857c3\/amanat-holding-issues-prospectus-for-its-education-unit%25e2%2580%2599s-ipo-on-tadawul\" rel=\"noopener\">30% stake<\/a><span style=\"background-color: transparent;\"> via a secondary offering. Amanat, the sole owner, will be subject to a six-month lockup from the first day of trading. Amanat had carved out its Saudi and UAE education assets as part of a <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8cc3949f-f7e8-4b09-b838-927b779e1af7\/amanat-holdings,-agility,-waha-capital,-and-more-report-1q-2024-earnings\" rel=\"noopener\">restructuring process<\/a><span style=\"background-color: transparent;\"> in 2024 before formally launching the <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/23279242-669d-4267-9cf9-f50b4c35ee80\/more-big-ticket-real-estate-projects-in-dubai\" rel=\"noopener\">Almasar brand<\/a><span style=\"background-color: transparent;\"> this March. The company has been scaling quickly in the Kingdom, doubling its special-needs daycare centers to 39 since 2022, expanding its school network to 14 campuses, and earmarking SAR 115 mn in capex for further growth.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The debut also comes against a tougher backdrop for Saudi equities:<\/strong> Tadawul remains the worst-performing major emerging-market exchange YTD, with only a handful of this year\u2019s IPOs trading above their offering price, underscoring how stretched valuations have been across the 2025 pipeline. The benchmark is down 11.2% YTD despite a two-month rebound in September (+7.5%) and October (+1.3%), leaving it lagging regional peers that have spent most of the year in positive territory, including Dubai (+12.8%), and Egypt (+34.2%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Almasar Education\u2019s IPO ranks ninth by proceeds among main-market listings YTD<\/strong>, with its SAR 599 mn offering placing it just behind <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3f626ba2-0121-45c3-8bc6-aaac59926c11\/united-carton-industries%25e2%2580%2599-ipo-sees-muted-debut-on-tadawul\" style=\"\" rel=\"noopener\">United Carton Industries<\/a> (SAR 600 mn) and ahead of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/50728e48-eae3-40d8-91fa-7cce655077ff\/marketing-home-group-stumbles-on-debut-despite-robust-ipo-demand\" style=\"\" rel=\"noopener\">Marketing Home Group<\/a> (SAR 408 mn) in a year dominated by bigger raises such as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b60ff1b1-9ca1-4711-9287-69daf15caa77\/flynas-slides-on-tadawul-debut-amid-geopolitical-tensions\" style=\"\" rel=\"noopener\">Flynas<\/a> (SAR 4.1 bn), <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6827bcfe-e4d5-405d-bfd4-90b626258217\/%253cmark%253eumm-al-qura%253c%2Fmark%253e-share-price-jumps-to-sar-19.50-on-tadawul-debut-%2B-net-income-up-57%2525-in-2024\" style=\"\" rel=\"noopener\">Umm Al Qura<\/a> (SAR 2 bn), and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ba5e07ac-c011-433b-9219-7bf13c56a6dc\/smc-sheds-over-3%2525-in-another-lackluster-tadawul-debut\" style=\"\" rel=\"noopener\">Specialized Medical Company<\/a> (SAR 1.9 bn). The company is listing as Tadawul comes off <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/96e6e791-b388-4e8e-8d05-cd9c5cdb83ac\/tadawul-logs-a-mixed-performance-in-3q-2025\" style=\"\" rel=\"noopener\">a cooler 3Q<\/a>, with the main market seeing three IPOs \u2014 the same as previous quarters this year \u2014 signaling a consistent but selective issuance pace.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the only Amanat IPO in the cards: <\/strong>Earlier in 2023, Amanat was said to have tapped EFG Hermes and First Abu Dhabi Bank to prepare a potential listing of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare arm<\/a>, which could see it raise about USD 200 mn in IPO proceeds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Our friends at EFG Hermes managed bookbuilding alongside SNB Capital. SNB Capital is also quarterbacking the transaction as the financial advisor, bookrunner, and underwriter. Clifford Chance is providing counsel to the issuer, while Baker Mackenzie is advising the bookrunner. PwC is handling financial and tax due diligence, Euromonitor International is providing market research, and Deloitte is acting as the auditor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Receiving agents<\/strong> include EFG Hermes, SNB Capital, Riyadh Capital, Saudi Fransi Capital, AlJazira Capital, Yaqeen Capital, AlBilad Capital, ANB Capital, Derayah Financial, AlRajhi Capital, Alistithmar Capital, Alinma Investment, Sab Invest, Alkhabeer Capital, Sahm Capital, GIB Capital, Musharaka Capital, and Awaed Al Osool Capital.<\/p>\n<p class=\"tag-border-left\"> ALSO IN THE PIPELINE- <\/p>\n<ul>\n<li>Hookah brand Al Fakher\u2019s parent firm <strong><a target=\"_blank\" href=\"https:\/\/air.global\/\" style=\"\" rel=\"noopener\">Advanced Inhalation Rituals<\/a><\/strong> is planning a US listing on Nasdaq in 1H 2026;<\/li>\n<li><strong>Dubai Investments<\/strong> plans to list 25% of Dubai Investments Park;<\/li>\n<li><strong>Emirates Global Aluminium<\/strong> could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da43f6f3-1231-45c1-800b-bbed1e375942\/%253cmark%253eega%253c%2Fmark%253e-to-revive-ipo%3F\" style=\"\" rel=\"noopener\">reviving plans<\/a> for a potential IPO that could rank among the region\u2019s largest;<\/li>\n<li>ADQ-backed <strong>Etihad Airways<\/strong> highly-anticipated IPO could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca682210-f8e1-43f9-8975-2fe56c765b52\/could-etihad-airways%25e2%2580%2599-highly-anticipated%253cmark%253e-ipo%253c%2Fmark%253e-be-pushed-again-to-2026%3F\" style=\"\" rel=\"noopener\">delayed to 2026<\/a> ;<\/li>\n<li><strong>Dubai Holding<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">plans to float<\/a> two of its <strong>property portfolio units<\/strong>;<\/li>\n<li><strong>Abu Dhabi Investment Group<\/strong> is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">eyeing listings<\/a> for its financial unit and energy subsidiary this year;<\/li>\n<li>Hospitality group <strong>Five Holdings<\/strong> also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">tapped<\/a> advisors for a potential listing.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/amanat-holdings\/\">Amanat Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tadawul\/\">Tadawul<\/a>\n    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entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109824\" 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=\"109824\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/akdital-holding-to-invest-usd-1-6-bn-to-expand-into-the-uae-and-saudi-arabia\/\">\r\n                            Akdital Holding to invest USD 1.6 bn to expand into the UAE and Saudi Arabia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/akdital-holding-to-invest-usd-1-6-bn-to-expand-into-the-uae-and-saudi-arabia\/\" target=\"_blank\">\n                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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/134.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109825\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/akdital-holding-to-invest-usd-1-6-bn-to-expand-into-the-uae-and-saudi-arabia\/134-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/134.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"134.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/134.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/134.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109824\" class=\"content-area-description single-story post-109824 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-healthcare tag-investment tag-investment-watch tag-saudi-arabia 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\/.16bd1c16-9ee8-4d65-baae-d890c537801c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Morocco\u2019s<\/strong><strong> largest private healthcare provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/akdital.ma\/who-we-are\/\" style=\"\" rel=\"noopener\">Akdital Holding<\/a><\/strong><strong> will raise USD<\/strong> <strong>1.6 bn to fund expansion into the UAE and Saudi Arabia<\/strong>, as well as domestic expansion, likely through a mix of debt and equity, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-24\/morocco-hospital-giant-akdital-plans-1-6-billion-gulf-expansion\" style=\"\" rel=\"noopener\">Bloomberg<\/a> quotes CEO Rochdi Talib as saying in an interview. The firm plans to open eight new hospitals in the two countries by 2030, with Dubai and Mecca cited as key locations, after kickstarting its international expansion in July with a contract to lease and manage Al Mishari hospital in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">We knew this was in the works:<\/strong><span style=\"background-color: transparent;\"> The company previously said it plans to invest MAD 1 bn (c. USD 104.8 mn) to <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/235db584-6344-4ada-ad09-81ca211d3bfc\/morocco%25e2%2580%2599s-akdital-to-invest-usd-105-mn-in-uae,-ksa-expansion\" rel=\"noopener\">expand<\/a><span style=\"background-color: transparent;\"> into the two countries, as part of its 2025-2030 roadmap. The plan included opening two hospitals in the UAE \u2014 in Dubai and another unspecified emirate \u2014 and two in Riyadh and Jeddah, with operations slated to begin in 2027. At the time, the operator was aiming to have the new facilities account for 20% of its revenues by 2030. Talib is now quoted as saying he aims to generate between 40-50% of the firm\u2019s revenues from foreign operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fundraising plan<\/strong><strong>:<\/strong> The firm will use its property unit, Tazak, to raise USD 700 mn of the total and buy property and construct hospitals in the GCC region and in Morocco. Tazak will look to family offices in the UAE, Saudi Arabia, Morocco, and other Arab countries for funds for the rest of the targeted amount, and plans to raise MAD 800 mn (USD 86 mn) from a domestic bond sale next year, and may seek further financing from private equity investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Akdital plans to convert Tazak into a Real Estate Investment Trust, which will be publicly listed on the Moroccan bourse by 2027, Talib said. It also aims to use about USD 200 mn of the funding to establish Gulf diagnosis centers. \u201cBy 2030, we will generate between 40% and 50% of our revenues from foreign operations,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Akdital:<\/strong> Founded in 2011, Aktidal is listed on the Casablanca Stock Exchange and has a market capitalization of MAD 18.1 bn (c. USD 1.9 bn), according to the stock exchange\u2019s <a target=\"_blank\" href=\"https:\/\/www.casablanca-bourse.com\/en\/live-market\/instruments\/AKT?csrt=476436829573994527&amp;utm_source=chatgpt.com#instrument-data\" style=\"\" rel=\"noopener\">website<\/a>. The firm secured MAD 1.2 bn (c. USD 130 mn) from a domestic bond issuance in 2025, and previously raised USD 112 mn in a local IPO in 2022. It currently has a portfolio of 40+ hospitals covering over half of Morocco\u2019s provinces.<\/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\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109826\" 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=\"109826\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/\">\r\n                            Dubai takes the lead in 3Q earnings growth, as the GCC posts its biggest quarterly gains in 12 quarters                        <\/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\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dubai, Abu Dhabi lead 3Q earnings growth in the GCC&url=https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/\">\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\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/&title=Dubai, Abu Dhabi lead 3Q earnings growth in the GCC\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai%2C+Abu+Dhabi+lead+3Q+earnings+growth+in+the+GCC+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F11%2F26%2Fdubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc%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\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109827\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/dubai-abu-dhabi-lead-3q-earnings-growth-in-the-gcc\/2335-jpg-36\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2335.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2335.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109826\" class=\"content-area-description single-story post-109826 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-abu-dhabi tag-adx tag-capital-markets tag-dfm tag-dubai tag-earnings-watch 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\/.b19bcce2-aa86-4784-beda-de00ebf72cde.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE contributed the most<\/strong><strong> to 3Q earnings growth across the Gulf region<\/strong>, with Dubai seeing a 29.7% y-o-y jump in net income during the quarter and Abu Dhabi firms seeing a 17% y-o-y increase, according to Kamco Invest\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1943.pdf\" style=\"\" rel=\"noopener\">GCC Corporate Earnings report (pdf)<\/a>. This was followed by Kuwait, which posted the strongest quarterly increase among the smaller markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Dubai-listed firms\u2019 net income hit a record USD 8.1 bn<\/strong><strong style=\"background-color: transparent;\"> in <\/strong><strong style=\"background-color: transparent;\">3Q <\/strong><strong style=\"background-color: transparent;\">2025<\/strong><span style=\"background-color: transparent;\">, outpacing Abu Dhabi in growth terms but still trailing ADX in absolute earnings, with Abu Dhabi-listed firms netting USD 11.1 bn in earnings.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s earnings expansion was led by the banking se<\/strong><strong>ctor<\/strong>, which saw net income rise 28.7% y-o-y to USD 3.7 bn, while real estate earnings also rose 43.7% y-o-y to USD 2.3 bn, powered by a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8b00613b-3853-45d3-805d-2456dd366fda\/emirates,%253cmark%253e-emaar%253c%2Fmark%253e,-space42,-agthia,-adnh-catering,-and-empower-report-earnings\" style=\"\" rel=\"noopener\">37.4%<\/a> bottom line increase at Emaar Properties to USD 1.2 bn and a 57.1% rise at Emaar Development to USD 885 mn. Meanwhile, Dubai\u2019s utilities sector posted a 23.3% y-o-y jump in net income to USD 1.1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1983.jpg?ssl=1\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi earnings driven by banks + energy firms:<\/strong> Abu Dhabi-listed companies' 3Q net income was supported by a 21.2% rise in banking sector earnings to USD 3.3 bn. First Abu Dhabi Bank led the pack, posting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f8449538-870e-43b9-81e8-b92319e6492f\/3q-earnings-from%253cmark%253e-fab%253c%2Fmark%253e,-cbd,-adib,-and-rak-properties-are-in\" style=\"\" rel=\"noopener\">USD 1.5 bn<\/a>, up 20.8%, followed by Abu Dhabi Commercial Bank at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/081b7792-3397-4b05-9b02-d6ef3713e27e\/%253cmark%253eadcb%253c%2Fmark%253e-and-united-arab-bank-see-jump-in-3q-net-income\" style=\"\" rel=\"noopener\">USD 841 mn<\/a>, up 29.2%. Energy earnings in Abu Dhabi climbed 10.9% y-o-y to USD 2.5 bn. Adnoc Gas (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1388fd70-52ec-43a2-a4cc-f4295d787400\/%253cmark%253eadnoc-gas%253c%2Fmark%253e-posts-record-earnings-%2B-presight,-salik-and-more-post-bottom-line-growth\" style=\"\" rel=\"noopener\">+7.6%<\/a>), Adnoc Drilling (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2dbff986-993b-41dd-915b-942a8e284521\/%253cmark%253eadnoc-drilling%253c%2Fmark%253e,-e&amp;,-dib,-aldar,-ghitha,-and-more-report-3q-earnings\" style=\"\" rel=\"noopener\">+9.9%<\/a>) and Taqa (+26.6%) all reported stronger earnings, offsetting weakness elsewhere in the index. The F&amp;B\/tobacco and capital goods segments also saw gains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>9M snapshot: <\/strong>Dubai-listed companies posted an 11.1% y-o-y rise in net income to USD 20.6 bn, while Abu Dhabi firms recorded 14.9% growth to USD 30.5 bn during the nine-month period. Banking and energy remained the biggest contributors in both markets.<\/p>\n<p class=\"tag-border-left\">THE REGIONAL PICTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both Dubai and Abu Dhabi saw growth average higher than the wider GCC trend<\/strong>, as the GCC collectively netted USD 65.6 bn in aggregate 3Q net income, up 7.9% y-o-y, and marking the strongest reading in 12 quarters. Banking remained the main driver of growth, with sector earnings rising 15.2% y-o-y to a record USD 17.4 bn on higher net interest income (+7.8%) and a 20.4% jump in non-interest income, offsetting an uptick in impairments. Real estate also delivered broad-based gains, up by nearly two-thirds, while telecoms and utilities saw sector-wide contractions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi-listed companies recorded a 1.3% y-o-y rise to USD 38.2 bn<\/strong>, as gains in banking (+15.2%), real estate, and capital goods offset declines in telecoms and utilities. Kuwait\u2019s earnings jumped 23.1% y-o-y, while Qatar (+2.7%), Oman (+11.2%), and Bahrain (+31.3%) also reported y-o-y growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For 9M 2025<\/strong>, GCC-listed companies posted mixed results for net income, with Dubai (up 2.7%) and Abu Dhabi (up 5.6%) remaining the largest positive contributor. More modest growth was recorded in Qatar, Oman, and Bahrain, partially offsetting declines in Saudi Arabia (-5.3%) and Kuwait (-1.6%). Saudi\u2019s contraction was driven by weaker energy and materials earnings. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/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\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109828\" 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=\"109828\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/\">\r\n                            Revibe raises USD 17 mn in a new funding round                        <\/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\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Revibe raises USD 17 mn in a new funding round&url=https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/\">\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\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/&title=Revibe raises USD 17 mn in a new funding round\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Revibe+raises+USD+17+mn+in+a+new+funding+round+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F11%2F26%2Frevibe-raises-usd-17-mn-in-a-new-funding-round%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\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1970.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109829\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/revibe-raises-usd-17-mn-in-a-new-funding-round\/1970-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1970.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1970.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1970.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1970.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109828\" class=\"content-area-description single-story post-109828 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-dubai tag-enterpriseam-uae tag-startup-watch tag-startups 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\/.c3ae8f11-257a-499c-a7a9-c75a384da8c3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-b<\/strong><strong>ased refurbished elec<\/strong><strong>tronics marketplace <\/strong><strong><a target=\"_blank\" href=\"https:\/\/revibe.me\/\" style=\"\" rel=\"noopener\">Revibe<\/a><\/strong><strong> secured USD 17<\/strong><strong> mn <\/strong><strong>in a new funding round<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/11\/revibe-lands-17-million-accelerate-sustainable-electronics-adoption-mena\" style=\"\" rel=\"noopener\">press release<\/a>. The round was led by global investment firm Partech, with participation from E& Capital, Burda Principal Investments, and EQNX, alongside existing investors. The funds will be used to improve the marketplace\u2019s service quality and device performance, as well as accelerate its expansion across the GCC and emerging markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI<\/strong><strong>- <\/strong>The B2C e-commerce startup secured USD 7 mn in a series A funding round <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/320624db-c944-4026-8670-a72fff0e7dfd\/refurb-tech-startup-revibe-closed-a-usd-7-mn-series-a-funding-round\" style=\"\" rel=\"noopener\">last year<\/a>, as well as USD 2.3 mn <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/wealth\/alternative-investments\/uaes-refurbished-electronics-startup-revibe-raises-23mln-to-expand-in-mena-x1nal8k5\" style=\"\" rel=\"noopener\">back in 2023<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Revibe:<\/strong> Founded by Abdessamad Ben Zakour (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/abdessamad-benzakour-43a91723\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Hamza Iraqui (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/hamza-iraqui-4337594b\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) in 2022, the platform offers tested refurbished electronics with a one-year warranty at a 30-70% clip below retail prices. The company operates across the UAE, Saudi Arabia, Kuwait, and South Africa.<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109830 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"109830\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/109830-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109830\" class=\"content-area-description single-story post-109830 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.facebook.com\/HassanAllamProperties?_rdc=1&amp;_rdr#\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/420.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109831\" 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=\"109831\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">A MESSAGE FROM MASHREQ<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/\">\r\n                            The proactive playbook: navigating market dynamics with precision                        <\/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\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The proactive playbook: navigating market dynamics with precision&url=https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/\">\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\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/&title=The proactive playbook: navigating market dynamics with precision\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+proactive+playbook%3A+navigating+market+dynamics+with+precision+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F11%2F26%2Fthe-proactive-playbook-navigating-market-dynamics-with-precision%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\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1941.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109832\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/the-proactive-playbook-navigating-market-dynamics-with-precision\/1941-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1941.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1941.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1941.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1941.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109831\" class=\"content-area-description single-story post-109831 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-mashreq tag-a-message-from-mashreq tag-banking tag-enterpriseam-uae tag-mashreq 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\/.b4d2037a-b96b-4cde-9725-24f16ba70d93.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In today\u2019s business landscape, the word \u201cvolatility\u201d gets thrown around with little thought, and while it may denote random and uncontrollable events, it often describes a movement in what are essentially interlinked economic factors collectively referred to as \u201cmarket dynamics.\u201d A brief disruption in regional airspace, a sharp movement in oil prices, or the announcement of new trade tariffs should be carefully analyzed to clearly understand the impact of such events in order to put in place a clear strategy to mitigate such impact.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This nuanced understanding is at the core of our approach at Mashreq.<\/strong> We don\u2019t wait for a crisis to strike. We believe in a proactive playbook, one that begins with a deep, ongoing dialogue with our public sector clients and government-related entities. This constant communication allows us to analyze how specific market movements impact their operational models and profitability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For an airline, for example, a spike in fuel prices is a direct threat to the bottom line.<\/strong> Our role is to provide customized financial solutions that offer a protective buffer. We help them hedge against price movements using a blend of financial instruments like swaps and options. Swaps provide a fixed, predictable cost solution, while options act as an ins. policy, offering them the right to buy oil at a specific price without the obligation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Furthermore, our analysis is not limited to sector-specific factors.<\/strong> We also apply the proactive playbook on a macro level, like assessing the impact of new trade tariffs. In the case of the UAE, a closer look reveals that the impact is minimal due to the nature of our trade relationship with the US, not to mention the exemption of hydrocarbons all together. This is a testament to the value of careful analysis over a broad-brush reaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our commitment to the proactive playbook extends beyond mitigating traditional financial risks<\/strong>; it means preparing our clients for new market realities and helping them capitalize on structural shifts. Beyond traditional concerns, a new, critical factor is now shaping the financial requirements of the utilities sector: the green mandate. Public utility entities are required to meet the ever-rising demand in a sustainable way. These government-backed, sustainable initiatives are attracting substantial funding and making the sector highly favorable for capital from both loan and debt capital markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The proactive playbook is about being a partner who helps clients anticipate, analyze, and strategically mitigate risks before they materialize leading to disruption in operations. It\u2019s a shift from a defensive posture to a strategic, forward-looking one.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mohab Nematallah, Senior Vice President & Head of Public Sector at Mashreq<\/strong><\/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\/a-message-from-mashreq\/\">A MESSAGE FROM MASHREQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/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=\"109833\" 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=\"109833\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/al-seer-taps-new-cfo-gulf-navigations-chairman-steps-down\/\">\r\n                            Al Seer taps new CFO + Gulf Navigation\u2019s chairman steps down                        <\/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\/26\/al-seer-taps-new-cfo-gulf-navigations-chairman-steps-down\/\" 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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Hawkes will take up the role this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hawkes brings over 25 years of international experience in financial and operational leadership<\/strong>, with a focus in logistics, investment, and petrochemicals. He was CFO at Petrochem Middle East before joining Al Seer, and held the same position at Emirates Worldwide Shipping and Al Hamra Group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf<\/strong><strong> Navigation\u2019s board chairman resigns: <\/strong>Shipping and maritime services company Gulf Navigation Holding\u2019s board chairman Theyab bin Tahnoon bin Mohammed Al Nahyan has stepped back from the position, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1933.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The decision has been in effect since this Monday, 24 November, and the disclosure did not specify a successor.<\/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\/al-seer-marine\/\">Al Seer Marine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109835\" 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=\"109835\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/gcc-interconnection-authority-awards-contracts-for-uae-oman-electricity-link-expansion\/\">\r\n                            GCC Interconnection Authority awards contracts for UAE-Oman electricity link expansion                        <\/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 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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\/26\/gcc-interconnection-authority-awards-contracts-for-uae-oman-electricity-link-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1966.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109836\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/gcc-interconnection-authority-awards-contracts-for-uae-oman-electricity-link-expansion\/1966-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1966.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1966.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1966.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1966.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109835\" class=\"content-area-description single-story post-109835 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-banking tag-barakah-nuclear-plant tag-dubai-financial-services-authority tag-dubai-international-financial-center tag-emirates-nuclear-energy-corporation tag-energy tag-enterpriseam-uae tag-investment tag-ma tag-media tag-nuclear-energy tag-real-estate tag-sharjah tag-sharjah-media-city-free-zone tag-uae-india-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.fd9df67f-ec83-4432-a4e3-642d57dd476f.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- <\/strong><strong>GCCIA <\/strong><strong>inks UAE-Oman connection line contracts:<\/strong> The GCC Interconnection Authority (GCCAIA) inked contracts to expand its 530km electricity interconnection project between the UAE and Oman, which runs from Al Sila station in the UAE to a new Ibri station in Oman, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bmw8mn6-%D8%A7%D9%84%D8%B1%D8%A8%D8%B7-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC%D9%8A-%D8%AA%D9%88%D9%82%D8%B9-%D8%B9%D9%82%D9%88%D8%AF-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The authority inked contracts on new 400kV conversion equipment to be added to the Al Sila substation, expansion of the Al Sila, Gonan, and Salwa substations, constructing of a 400kV double-circuit power line between Al Sila and Ibri, and building two 400 kV transmission stations in Oman\u2019s Ibri and the UAE\u2019s Al Bayunah. Construction is slated to begin this quarter, with full commissioning set for end-2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- The move is part of the wider 913km Gulf Electricity Interconnection Project that looks to connect all six gulf countries.<\/strong> The GCCIA inked a USD 50 mn financing agreement with Oman\u2019s Sohar International Bank for the project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/920ad901-b54e-45c6-8a5b-db40619c7cc9\/%253cmark%253egccia%253c%2Fmark%253e-inks-usd-500-mn-financing-agreement-for-uae-oman-power-link\" style=\"\" rel=\"noopener\">in September<\/a>. It also secured USD 205 mn from the Abu Dhabi Fund for Development <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90dd0176-3ae6-419f-bec7-d47f213106b3\/this-morning:-uae-on-track-to-surpass-saudi-arabia-in-construction-contracts-for-the-first-time-in-years\" style=\"\" rel=\"noopener\">earlier in the year<\/a> to expand the link to Saudi Arabia via a line between Al Sila and the Kingdom\u2019s Salwa substation. At the time the authority said connections to Kuwait, Oman, and southern Iraq were also in the cards.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Framatome<\/strong><strong> delivers first lead fuel assemblies for Barakah: <\/strong>Emirates Nuclear Energy Company (Enec) and France\u2019s Framatome have completed the fabrication of the first lead fuel assemblies for the Barakah Nuclear Energy Plant at Framatome\u2019s Richland facility in Washington \u2014 the first milestone under the fuel-supply agreement the two firms signed in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bba0c65e-975d-4e7c-a631-2fbfc8ea2553\/barakah-nuclear-plant-to-get-fuel-assemblies-from%253cmark%253e-framatome%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">July 2025<\/a>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmvneni-enec-framatome-successfully-fabricate-fuel\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The units will now move into Enec\u2019s qualification program for on-site testing at Barakah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The plant became fully operational <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bb3b9fc-323a-4904-8b7d-6e5a237ff9c9\/iota-launches-usd-10-mn-investment-fund-%2B%253cmark%253e-barakah%253c%2Fmark%253e-nuclear-plant-is-now-online\" style=\"\" rel=\"noopener\">last year<\/a>, and aims to offset 22.4 mn tons of emissions through 40 TWh of annual generated electricity.<\/p>\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Tanzania\u2019s<\/strong><strong> largest lender secures license for DIFC: <\/strong>Tanzania\u2019s largest bank, CRDB Bank, secured a license from the Dubai Financial Services authority to operate a representative office in Dubai International Financial Center (DIFC), according to a <a target=\"_blank\" href=\"https:\/\/www.difc.com\/whats-on\/news\/crdb-bank-leads-east-africa-onto-the-global-stage-with-landmark-licence-in-difc\" style=\"\" rel=\"noopener\">press release<\/a>. The new office is set to boost trade between the GCC and East and Central Africa, as well as bring in investment. Jackson Kehengu will head up the new office.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>The bank set up its Dubai office <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/614d785f-6a9e-486c-affa-3d93be934a30\/this-morning:-binghatti-taps-banks-for-ipo-%2B-opec%2B-agrees-to-another-production-hike-in-november\" style=\"\" rel=\"noopener\">in October<\/a>, ahead of securing its regulatory license, as it looked to court Emirati investment. The move marked the lender\u2019s expansion beyond neighboring countries and made it the first East African bank to establish a presence in the UAE, the release says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Wio <\/strong><strong>rolls out UAE\u2019s first family banking model: <\/strong>Wio Bank has launched Wio Family, billed as the UAE\u2019s first fully shared banking experience, giving households a single connected financial space with shared accounts, spending controls, and family-wide saving tools, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/wio-bank-launches-wio-family-the-uaes-first-shared-banking-experience-for-families-w68qzv06\" style=\"\" rel=\"noopener\">press release<\/a>. The platform allows two family leads to open and run the joint account and invite family members, with budgeting features, virtual cards, and spending limits for children.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- India\u2019s <\/strong><strong>Sunteck <\/strong><strong>enters UAE with AED 5 bn Downtown Dubai build: <\/strong>Indian luxury real estate developer Sunteck Realty has launched a Dubai-headquartered UAE arm, Sunteck International, as well as its first Emirati project \u2014 a luxury Downtown Dubai development valued at AED 5 bn, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/sunteck-realty-brings-its-disruptive-luxury-philosophy-to-the-uae-with-the-launch-of-sunteck-international-sfn2jcb6\" style=\"\" rel=\"noopener\">press release<\/a>. The firm plans to launch over AED 15 bn worth of projects in the Emirates over the next three years. Sunteck will make key announcements in 1H 2026 and is currently evaluating other projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Beyond<\/strong><strong> launches AED 1.6 bn waterfront residences: <\/strong>Dubai-based luxury real estate developer Beyond launched a AED 1.6 bn residential development, <a target=\"_blank\" href=\"https:\/\/kanyondubai.com\/\" style=\"\" rel=\"noopener\">Kanyon<\/a>, in Dubai Maritime City, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/beyond-developments-unveils-kanyon-an-aed-15bln-sculptural-tower-elevating-urban-living-nhd9er0d\" style=\"\" rel=\"noopener\">press release<\/a>. The 45-story waterfront tower is slated for handover in 2Q 2029. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>Meraas <\/strong><strong>picks Unec for AED 1.9 bn first phase at the Acres: <\/strong>Dubai Holding Real Estate subsidiary <a target=\"_blank\" href=\"https:\/\/meraas.com\/en\" style=\"\" rel=\"noopener\">Meraas<\/a> has tapped <a target=\"_blank\" href=\"https:\/\/uecc.ae\/\" style=\"\" rel=\"noopener\">United Engineering Construction Company<\/a> (Unec) to build the first 642 villas at The Acres, awarding an AED 1.9 bn construction contract for the standalone community in Dubailand, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/meraas-awards-aed-19bln-contract-to-unec-for-construction-of-the-acres-villa-community-n1kxxbr8\" style=\"\" rel=\"noopener\">press release<\/a>. The scope covers villas and core community facilities, with handover targeted for 4Q 2027.<\/p>\n<p class=\"tag-border-left\">MEDIA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah<\/strong><strong> establishes unified media hub in Shams:<\/strong> Sharjah ruler Sultan bin Mohammed Al Qasimi approved the launch of Shams Studios, part of Sharjah Media City (Shams), a media production hub in collaboration with different government entities, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmw8u0d-sharjah-ruler-approves-largest-unified-government\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The hub will house five production studios for filming, ranging from 1.5k to 3.4k sqm, as well as post-production facilities for editing, special effects, and sound design. It will also host a media business complex to streamline production and broadcasting processes, a new building for Sharjah Broadcasting Authority, and Shams Creative Oasis \u2014 a center for artistic and educational events.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A media p<\/strong><strong>ush: <\/strong>The Emirates has been on a drive to boost local film and TV production, with the Abu Dhabi Film Commission recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f757a25-17c5-4ca4-8b15-67a185a4209a\/this-morning:-major-roads-in-dubai-will-close-starting-at-4pm-today\" style=\"\" rel=\"noopener\">raising its production rebate<\/a> to 50% in a bid to incentivize UAE-based filmmaking. Visual effects and post-production studio T-VFX recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dfc0c89e-0da4-4b28-a4a6-0dd18d388c1b\/gems%25e2%2580%2599-advisory-arm-to-help-set-up-school-in-cyprus-%2B-geely-backed-cacao,-vfx-firm-open-up-middle-east-hq-in-abu-dhabi\" style=\"\" rel=\"noopener\">opened a regional HQ<\/a> on Yas Island and Abu Dhabi Creative Media Authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5ea35903-90f6-45a2-9f15-988b7cc9cfc5\/ad-ports%25e2%2580%2599-kezad-expands-al-ma%25e2%2580%2599mourah-project-with-business-district\" style=\"\" rel=\"noopener\">teamed up with UAE-based NC9 Group<\/a> on film production in the emirate.<\/p>\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>Israel<\/strong><strong>i trading platform eToro has switched on crypto deposits for UAE users<\/strong>, supporting inbound transfers of digital assets from external exchanges, brokers, or blockchain wallets, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/etoro-enables-crypto-deposits-in-the-uae-rewarding-users-with-1-back-in-local-stocks-heor80uh\" style=\"\" rel=\"noopener\">press release<\/a>. The feature supports inbound transfers for BTC, ETH, XRP, USDC, LINK, AAVE, UNI, POL, and FET. Once transferred to the eToro crypto wallet, users can convert to USD and invest across any instruments available on the platform. <\/p>\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>GFH <\/strong><strong>Partners takes majority stake in Devmark:<\/strong> GFH Partners \u2014 the Dubai-based global asset management arm of Bahraini GFH Financial Group \u2014 acquired a majority stake in Devmark, a UAE-based sales and marketing platform for residential development projects, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1956.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The company also previously acquired a majority stake in GFH Partners Manrre REIT (CEIC) in 2023, as part of a push into the GCC residential sales and marketing ecosystem. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Devmark? <\/strong>Founded in 2018, Devmark has supported sales for more than 30 projects worth over AED 10 bn and works with a network of over 2k brokerage firms and over 15k brokers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Founders Sean McCauley and Richard Aybar will continue to run the business as GFH Partners pushes regional expansion, new institutional financing solutions for developers, and broader GCC market coverage. GFH said the investment is expected to support its financials and boost returns.<\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/barakah-nuclear-plant\/\">Barakah nuclear plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-financial-services-authority\/\">Dubai Financial Services Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nuclear-energy-corporation\/\">Emirates Nuclear Energy Corporation<\/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\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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\/nuclear-energy\/\">nuclear energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-media-city-free-zone\/\">Sharjah Media City Free Zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109837\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"109837\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/global-growth-to-hold-steady-in-2026-but-risks-are-rising-oxford-economics\/\">\r\n                            Global growth to hold steady in 2026, but risks are rising -Oxford Economics                        <\/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\/26\/global-growth-to-hold-steady-in-2026-but-risks-are-rising-oxford-economics\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1979.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109838\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/global-growth-to-hold-steady-in-2026-but-risks-are-rising-oxford-economics\/1979-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1979.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1979.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1979.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1979.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109837\" class=\"content-area-description single-story post-109837 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-ai tag-economy tag-enterpriseam-uae tag-fiscal-policy tag-planet-finance tag-trade 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\/.ac90d755-1d74-4563-8359-20abdef08026.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Global growth proved more resilient than expected in 2025<\/strong>, holding steady at around 2.8% despite political and trade uncertainty following Donald Trump\u2019s return to the White House, according to <a target=\"_blank\" href=\"https:\/\/www.oxfordeconomics.com\/resource\/three-key-trends-to-watch-in-the-global-economy-in-2026\/\" style=\"\" rel=\"noopener\">Oxford Economics\u2019 2026 global outlook<\/a>. Looking ahead, the global economy faces a set of intertwined challenges \u2014 from shifting trade dynamics to the uncertain path of AI investment and fiscal policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Trade tensions are entering a new phase:<\/strong><span style=\"background-color: transparent;\"> After a year dominated by tariff hikes, the focus in 2026 is shifting toward their long-term ripple effects. The US economy is likely to remain relatively insulated, supported by strong household spending and looser fiscal policy. But higher tariffs are expected to weigh on imports, limiting the extent to which US demand can lift global trade. China, on the other hand, is doubling down on manufacturing-led growth and boosting exports even under heavy tariff pressure \u2014 a trend that\u2019s driving down global prices and increasing competition in advanced economies. As Chinese exporters move further up the value chain, deflationary pressures are set to hit manufacturers in Europe and North Asia hardest.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI could either steady or shake global growth: <\/strong>AI investment has been one of the biggest drivers of growth throughout 2025, cushioning the US economy and fueling demand across Asia\u2019s semiconductor and tech sectors. But 2026 could be more volatile, as analysts see room for another surge in AI-related capital spending that could push US GDP growth as high as 3%, compared to a baseline forecast of 2.3%. Still, the boom is entering a riskier phase as financing shifts from banknotes to debt. A sudden correction could slow the US growth to below 1%, with global spillovers to follow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fiscal policy takes center stage: <\/strong>While interest rate cuts will continue at a measured pace, they\u2019re unlikely to have a major impact on global growth in 2026. Fiscal policy, not monetary easing, will be the key driver. Despite concerns about debt sustainability in the US, UK, and parts of Europe, governments are expected to keep spending relatively loose, with a slightly positive global fiscal impulse led by China. The bigger risk is not tightening, but rather fiscal expansion \u2014 particularly if major economies opt to support growth through higher spending.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global GDP growth is expected to remain around 2.7% next year <\/strong>\u2014 steady overall but uneven across regions. The US is set to remain the outlier, supported by fiscal spending and AI investment. China\u2019s growth is expected to stabilize, though at the cost of intensifying competition for manufacturers elsewhere. Europe and Japan will continue to lag as long-term structural challenges persist. Behind the stable headline numbers, 2026 will see deeper global imbalances and different paths for major economies.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are firmly in the green this morning <\/strong>with indices riding the tech-driven rally on Wall Street. Japan\u2019s Nikkei is leading gains, up 2.0%, with the Kospi trailing behind, up 1.9%. The Shanghai Composite and Hang Seng are looking at more modest gains.<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,761<\/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: +3.6%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,823<\/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: +12.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,608<\/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: +10.7%)<\/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\">3.8% 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\">3.6% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,687<\/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\">-1.5% (YTD: -11.2%)<\/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\">39,903<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +34.2%)<\/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>S&amp;P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,766<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +15.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,610<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +17.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,574<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +13.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 62.48<\/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\">-1.4%<\/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>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.48<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,171<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 87,366<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: -6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.8<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +9.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">152.23<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +8.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">18.56<\/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\">-9.6% (YTD: +7.0%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.1% yesterday<\/strong> on turnover of AED 1.4 bn. The index is up 3.6% 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>Abu Dhabi National Takaful Co. (+15.0%), Oman &amp; Emirates Investment Holding Co. (+14.8%) and Abu Dhabi National Hotels Co. (+5.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>E7 Group PJSC Warrants (-9.6%), Phoenix Group (-4.7%) and Hayah Ins. Company (-3.2%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.1% on turnover of AED 484.5 mn. Meanwhile, Nasdaq Dubai was down 0.3%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Salama board signs off on capital-reduction and sukuk steps:<\/strong> Islamic Arab Ins. Company (Salama) approved the documentation it needs to submit to the Securities and Commodities Authority to execute its planned capital reduction, and gave in-principle approval to issue mandatory convertible sukuk, which will be converted into new shares, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1924.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The board set a fixed conversion price of AED 0.46, approved a 12-month lock-up on shares issued upon conversion, and cleared the creation of an ADGM special-purpose vehicle to issue the sukuk.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- A two-step solvency plan is in motion:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c998e7f8-c66c-407b-97e6-15cba8122503\/the-em-boom-is-here-to-stay\" style=\"\" rel=\"noopener\">In October<\/a>, Salama scheduled its share-capital reduction to AED 483 mn, down from AED 939.6 mn, for 8 December, cancelling roughly 456.8 mn shares to offset accumulated losses. The company also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ec9eb0b9-e3e7-4e2a-85e4-6ec12bfe368a\/first-brands%25e2%2580%2599-fallout-sparks-alarm-in-usd-2-tn-leveraged-loan-market\" style=\"\" rel=\"noopener\">approved<\/a> an AED 175 mn mandatory convertible sukuk to strategic investors as the second step in restoring solvency and meeting Central Bank capital requirements.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fiscal-policy\/\">fiscal policy<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/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=\"109839\" 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\/26\/109839-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109839\" class=\"content-area-description single-story post-109839 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>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>26-27 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.doerssummit.com\/city\/dubai\" style=\"\">Doers Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai Digital Park, Dubai Silicon Oasis.<\/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 style=\"font-weight:400;\">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 Organization (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>30 March - 2 April (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/iaapa.org\/expos-and-events\/expo-middle-east\/on-site-information\" style=\"\">IAAPA Middle East Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, ADNEC Center, Abu Dhabi <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">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>19-22 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-directives-of-khaled-bin-mohamed-bin-zayed-department-of-energy-to-launch-abu-dhabi-water-power-week-in-may-2026\/\" style=\"\">Abu Dhabi Water and Energy Week<\/a><\/span><span style=\"font-weight:400;\">, ADNEC Abu Dhabi Centre, Abu Dhabi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">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>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 in 2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;<\/span><\/li>\n<li><span>The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span> <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Akdital plans USD 1.6 bn push in KSA + UAE. Airtel Money plans UAE IPO<\/p>\n","protected":false},"featured_media":109815,"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-109814","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8252253b-0dc3-40be-ab25-efc57db6c30f","teaser":"Plus: Akdital plans USD 1.6 bn push in KSA + UAE. Airtel Money plans UAE IPO","photo_url":"https:\/\/ent.news\/2024\/2\/1134.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>S&amp;P Global affirms Ras Al Khaimah\u2019s rating + Amanat\u2019s education arm wraps Tadawul IPO - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/sp-global-affirms-ras-al-khaimahs-rating-amanats-education-arm-wraps-tadawul-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P Global affirms Ras Al Khaimah\u2019s rating + Amanat\u2019s education arm wraps Tadawul IPO\" \/>\n<meta property=\"og:description\" content=\"Plus: Akdital plans USD 1.6 bn push in KSA + UAE. 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