{"id":109948,"date":"2025-12-03T00:00:00","date_gmt":"2025-12-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=109948"},"modified":"2025-12-15T05:42:00","modified_gmt":"2025-12-15T05:42:00","slug":"gdp-grows-4-2-in-1h-2025-plus-almasar-education-gains-on-tadawul-debut","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/gdp-grows-4-2-in-1h-2025-plus-almasar-education-gains-on-tadawul-debut\/","title":{"rendered":"GDP grows 4.2% in 1H 2025. Plus: Almasar Education gains on Tadawul debut"},"content":{"rendered":"<section id=\"109950\" 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=\"109950\">\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\/12\/03\/this-morning-november-was-a-bad-month-for-stocks-youll-pay-more-at-the-pump-this-month\/\">\r\n                            THIS MORNING: November was a bad month for stocks + You\u2019ll pay more at the pump this month                        <\/a>\r\n                    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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/209.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109951\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/this-morning-november-was-a-bad-month-for-stocks-youll-pay-more-at-the-pump-this-month\/209-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/209.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"209.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/209.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/209.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109950\" class=\"content-area-description single-story post-109950 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-energy-department tag-artificial-intelligence tag-capital-markets tag-dewa tag-energy tag-enterpriseam-uae tag-housing tag-mubadala tag-us-uae-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\/12\/.c8c1c0c8-a9be-4d63-86b5-c8cf736f84d0.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 welcome to the final month of the year. <\/strong>We hope you enjoyed the long weekend, whether you spent it at home with your family or overseas. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a busy issue for you to kickstart this short workweek<\/strong>, with plenty of macro updates, fresh tax law amendments, and a healthy dose of capital markets news, as per usual. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Economy Ministry rang in the National Day with GDP growth figures for 1H 2025<\/strong>, showing 4.2% growth across the UAE during the period, driven mostly by a booming non-oil sector. <strong>Meanwhile<\/strong>, <strong>Abu Dhabi\u2019s inflation<\/strong> <strong>rose<\/strong> to its highest since 2023 in October, and the Finance Ministry introduced a fresh batch of tax procedures law amendments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Amanat\u2019s education arm Almasar Education<\/strong> rang the bell on Tadawul, gaining 18.4%, while BlueFive Capital submitted a non-binding offer to acquire a stake in Saudi-listed Gulf General Cooperative Ins. Without further ado, let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?WEATHER- Some fog ahead?<\/strong> The National Center of Meteorology expects foggy conditions throughout this morning, as the mercury peaks at 29\u00b0C in Dubai and 28\u00b0C in Abu Dhabi, before cooling to a low of 20\u00b0C in the former and 19\u00b0C in the capital. <\/p>\n<p class=\"tag-border-left\">DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>UAE equities closed out November down, reversing <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/26cd734e-1e4e-4c0d-99ce-65c9d7b4303a\/abu-dhabi,-dubai-bourses-snap-two-month-losing-streak-in-october\" style=\"\" rel=\"noopener\">gains made in October<\/a><\/strong><strong> amid a sharp pullback across GCC markets<\/strong>, which saw equities across the bloc fall the most in three years, according to a Kamco Invest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/143.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. This came amid broader pressure on emerging market indices amid fears of an AI bubble, and as oil prices staged a decline, the report noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MSCI GCC index fell 6.9% during the month<\/strong>, its biggest drop in more than three years. Only Muscat ended the month up (1.7%), with total trading turnover across Gulf exchanges sliding 35% m-o-m to USD 45.3 bn, down from USD 69.5 bn in October, according to calculations by CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/145921\/2025\/01\/12\/%D9%85%D8%B3%D8%AD-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-250-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D9%84%D8%AE%D8%B3%D8%A7%D8%A6%D8%B1-%D8%A7%D9%84%D8%B3%D9%88%D9%82%D9%8A%D8%A9-%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A7%D8%AA-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC-%D9%81%D9%8A-%D9%86%D9%88%D9%81%D9%85%D8%A8%D8%B1-2025\" style=\"\" rel=\"noopener\">watch: runtime 3.03<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX\u2019s benchmark index lost USD 33 bn in market cap (-3.5%) during the month<\/strong>, with most of the sectors registering losses, led by real estate (-8.8%), telecoms (-7.5%), and financials (-2.2%). Phoenix Group and Presight were among the biggest drags. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, DFM registered the second biggest dip among GCC marke<\/strong><strong>ts<\/strong>, down 3.7%, with financials also dragging the index (-5.9%) and real estate (-3.8%) registering a slump. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul\u2019s TASI was the biggest drag<\/strong>, shedding USD 178 bn in market cap (-9%) in a single month as the index reeled from pressure on heavyweights \u2014 including an USD 88 bn drop in Aramco\u2019s valuation. Kuwait also posted its worst monthly performance in 18 months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi captured 16% of regional liquidity, while Dubai accounted for 8%<\/strong>, well below the 51% of Saudi Arabia. Still, the Gulf-wide contraction wiped roughly USD 250 bn in market value in November, taking the region\u2019s combined market cap down to about USD 3.89 tn, a 6% m-o-m drop.<\/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=\"wwtt2\"><\/a><strong> #1- <\/strong><strong>UAE <\/strong><strong>joins US-led AI supply chain push:<\/strong> The UAE will be among several countries attending a meeting hosted by the US at the White House on 12 December to discuss boosting critical mineral and semiconductor supply chains, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-01\/us-moves-to-deepen-minerals-supply-chain-in-ai-race-with-china\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing US economic affairs state undersecretary Jacob Helberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda: <\/strong>The US is looking to secure agreements in sectors like advanced semiconductor manufacturing, critical minerals, AI infrastructure, energy, and logistics. Other countries attending include Japan, South Korea, Singapore, the Netherlands, the UK, Israel, and Australia \u2014 all of whom either possess critical mineral resources or hosting big semiconductor firms. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The summit comes as the US looks to reduce allied nations\u2019 reliance on China in these key areas<\/strong>, especially in AI, Helberg said. The initiative builds on similar efforts from previous administrations to counter Chinese dominance in the sector \u2014 with limited success given that over 90% of rare earth resources are located in China.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So far in <\/strong><strong>US-UAE cooperation:<\/strong> The US recently gave the green light <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1d9eab92-e687-49fd-a682-42723b95ab4d\/this-morning:-us-approves-nvidia-chip-exports-to-g42-%2B-uae-canada%253cmark%253e-investment%253c%2Fmark%253e-pact-on-the-way%3F\" style=\"\" rel=\"noopener\">to export 35k Nvidia chips<\/a> to state AI giant G42, after a broader ruling allowed the UAE to use <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/102ed2aa-1010-450e-95b7-8c2c2cdb308d\/us-greenlights-some-nvidia%253cmark%253e-ai%253c%2Fmark%253e-chip-sales-to-uae\" style=\"\" rel=\"noopener\">USD bns worth of Nvidia chips<\/a> in US-linked data infrastructure. The move comes alongside Emirati plans to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e821f11d-59fa-49b1-a3ad-5a1638b9dd42\/uae-to-invest-usd-1.4-tn-in-us-over-10-years\" style=\"\" rel=\"noopener\">invest in US AI infrastructure<\/a>, as well as partnerships between G42 and US tech giants, including Nvidia, to develop a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3261fa8a-9604-492d-88c8-a0108899f5fa\/uae,-us-ink-usd-200-bn-investment-agreements-in-ai,-critical-minerals,-and-energy\" style=\"\" rel=\"noopener\">5 GW UAE-US AI campus<\/a> in Abu Dhabi \u2014 the first deployment under the US\u2019 wider <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/83962672-34d6-4fa0-9c03-2159613a897a\/inside-trump%25e2%2580%2599s-usd-500-bn-ai-project%253cmark%253e-stargate%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 500 bn Stargate initiative<\/a>. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Mub<\/strong><strong>adala Energy signed a heads of agreement with PLN Energi Primer Indonesia<\/strong><strong> to supply gas from its Andaman Sea fields<\/strong>, laying the groundwork to channel output toward the archipelago\u2019s North Sumatra and Aceh, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmztfpw-mubadala-energy-pln-energi-primer-indonesia-sign\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement covers potential deliveries from the Tangkulo field, which holds an estimated 2 tcf of gas in place. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> Mubadala reported a gas discovery at its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96715b67-b664-4127-8363-7503397f58c5\/\" style=\"\" rel=\"noopener\">Tangkulo-1<\/a> exploration well in South Andaman in May 2024 and is targeting a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a08bd222-ea7d-4a0d-bdd0-9609cfad62b6\/\" style=\"\" rel=\"noopener\">final investment decision<\/a> in June 2026, with a development plan slated for 4Q this year and first gas expected in 4Q 2028. This marks the company\u2019s second deepwater find in South Andaman, following a discovery at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/225aee53-f8e4-45ff-8e0e-683f6ee64fbc\/\" style=\"\" rel=\"noopener\">Layaran-1<\/a> well in December in 2023. The company inked an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e79f6613-61d3-44f6-a8f9-c03f5aa97f55\" style=\"\" rel=\"noopener\">agreement<\/a> with Indonesia\u2019s Perusahaan Listrik Negara (PLN) last year to explore power generation from the South Andaman blocks to address Indonesia\u2019s energy demand and for infrastructure development, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/566c33d9-fc16-4095-ba6a-1b441f03fafd\" style=\"\" rel=\"noopener\">agreed to provide 200 mn standard cubic feet per day<\/a> (mcf\/d) of gas to Indonesian state fertilizer producer Pupuk Indonesia in May.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>Top <\/strong><strong>Ships eyes USD 200 mn Dubai portfolio:<\/strong> Greece-based international tanker operator <a target=\"_blank\" href=\"https:\/\/www.topships.org\/\" style=\"\" rel=\"noopener\">Top Ships<\/a> is weighing a move into Dubai real estate, signing a letter of intent to potentially acquire a portfolio worth more than USD 200 mn from a company affiliated with CEO Evangelos Pistiolis, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/11\/28\/3196469\/14465\/en\/TOP-Ships-Announces-Letter-of-Intent-for-Acquisition-of-Real-Estate-Assets-in-Dubai.html\" style=\"\" rel=\"noopener\">press release<\/a>. The firm said Dubai\u2019s property market is \u201cone of the world\u2019s most attractive.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The option terms: <\/strong>Top Ships will receive an exclusive right to buy all or part of the portfolio \u2014 which includes residential assets \u2014 at a 10% reduction to fair market value, based on two independent valuations. The company will make an advance payment of USD 23.5 mn before 31 December 2025, credited against the purchase price if it proceeds or otherwise refunded. A 90-day option window, which will begin once this payment is made, will include due diligence procedures.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Abu <\/strong><strong>Dhabi has approved a AED 4 bn housing benefits package<\/strong>, targeting 3.3k citizens, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/under-the-directives-of-the-uae-president-khaled-bin-mohamed-bin-zayed-approves-third-housing-benefits-package-of-2025-worth-aed4-billion\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The package \u2014 its third this year \u2014 includes AED 2.3 bn in housing loans for 1.8k citizens; AED 1.5 bn in housing grants and ready-built homes; loan-repayment exemptions for limited-income senior citizens, retirees, and families of the deceased; and housing-loan reductions totaling AED 208 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total disbursements now stand at AED 15.4 bn for 2025<\/strong>, benefiting 10.7k citizens. The tally includes AED 11.8 bn in housing loans for 7.8k beneficiaries and AED 3.1 bn in residential land and ready-home grants for 2.4k people. Repayment exemptions and reductions under the Emirati Family Growth program total AED 514.8 mn for 478 citizens.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a><strong> #5- <\/strong><strong>Abu Dh<\/strong><strong>abi\u2019s Department of Energy rolled out a long-term Integrated Water Sector <\/strong><strong>Strategy<\/strong>, laying out the emirate's plans to secure and diversify water resources, preserve groundwater, and shore up supply reliability, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/department-of-energy-launches-integrated-water-strategy-to-reinforce-sustainability-of-water-resources-across-the-emirate\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The roadmap outlines targets to cut total water production costs, reduce network losses by 40% by 2035, and lift demand efficiency by 32% by 2030. The plan also focuses on tightening consumption, upgrading networks, and deploying AI to improve operational performance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Five core programs anchor the strategy:<\/strong> Expanding and diversifying agriculture water sources; overhauling networks in 28 agricultural areas; boosting residential and agricultural consumption efficiency; installing monitoring and control systems across distribution networks; and rolling out loss-reduction, smart-infrastructure, and consumption-management initiatives. The department will phase these projects over a 10-year period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi is also targeting a more balanced mix of water sources<\/strong> through ramped-up rainwater harvesting \u2014 with a goal of capturing 100 mcm a year \u2014 and wider use of recycled water. Infrastructure upgrades will be managed through the AD.WE platform, where AI tools will support system optimization. <\/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>You\u2019ll <\/strong><strong>be paying more at the pump next month:<\/strong> The Fuel Price Committee has set December\u2019s fuel prices, with all categories edging up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8788dcc9-741f-4ab6-a3e2-3821a1885640\/this-morning:-alpha-dhabi-to-sell-stake-in-aldar%3F-%2B-we%25e2%2580%2599re-paying-less-at%253cmark%253e-the%253c%2Fmark%253e-pump-in-november\" style=\"\" rel=\"noopener\">November\u2019s rates<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/WAMNEWS_ENG\/status\/1995015526691868703?s=20\" style=\"\" rel=\"noopener\">post on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown per liter:<\/strong><\/p>\n<ul>\n<li><strong>Super 98<\/strong> will cost AED 2.70, up from AED 2.63 (+2.7%);<\/li>\n<li><strong>Special 95<\/strong> is AED 2.58, up from AED 2.51 (+2.8%);<\/li>\n<li><strong>E-Plus 91<\/strong> is AED 2.51, up from AED 2.44 (+2.9%);<\/li>\n<li><strong>Diesel<\/strong> will be AED 2.85, up from AED 2.67 (+6.7%).<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Dubai<\/strong><strong> Electricity and Water Authority (Dewa) has launched two digital initia<\/strong><strong>tives <\/strong>to facilitate business launch procedures for contractors, consultants, and investors, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9\/360-gwdpy13n\" style=\"\" rel=\"noopener\">press release<\/a>. The Sun Power initiative provides an entirely digital process to connect solar photovoltaic systems to Dewa\u2019s electricity grid under the Shams Dubai program, while Easy Connect unifies electricity and water service requests under a single digital platform. <\/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- Vice President and Chairman of the Presidential Court Sheikh Mansour bin Za<\/strong><strong>yed Al Nahyan is leading a delegation to the GCC Summit in Bahrain today<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bn0evea-mansour-bin-zayed-leads-uae-delegation-46th-gcc\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The summit typically aims to boost economic cooperation across the bloc and advance initiatives and projects such as the GCC Railway and the GCC Common market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sothebys.com\/en\/series\/abu-dhabi-collectors-week\" style=\"\" rel=\"noopener\">Sotheby\u2019s inaugural Abu Dhabi Collectors\u2019 Week<\/a><\/strong><strong> kicked off yesterday and runs until <\/strong><strong>Friday, 5 November<\/strong> at the St Regis Saadiyat Island Resort in Abu Dhabi. In partnership with ADIO, the flagship event features auctions, exhibitions, masterclasses, and panel discussions across luxury sectors including high jewelry, rare watches, collector cars, fine art, and real estate. <\/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.binanceblockchainweek.com\/event\/f9827cbe-16f8-478a-bc06-f4e8b783ae54\/Home-BBW\" style=\"\" rel=\"noopener\">Binance Blockchain Week<\/a><\/strong><strong> is taking place today and continues un<\/strong><strong>til tomorrow<\/strong> at the Coca-Cola Arena in Dubai. The event brings together global stakeholders from blockchain builders and crypto firms to regulators, investors, and Web3 innovators for panel discussions, workshops, and networking aimed at shaping the future of Web3 and digital assets. <\/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\">Have you checked out EnterpriseAM MENA &lt;&gt; India? 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 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 EnterpriseAM MENA &lt;&gt; India 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\"><img decoding=\"async\" src=\"https:\/\/ent.news\/2025\/12\/140.jpg https:\/\/sub.ent.news\/mena-india\/\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\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>Russian President Vladimir Putin met US special envoy Steve Witkoff in Moscow <\/strong><strong>to discuss ways to end the war in Ukraine.<\/strong> Putin\u2019s aide Yuri Ushakov described the discussions as \u201cconstructive\u201d but said much work remains. The meeting followed US consultations with Ukrainian officials in recent weeks to revise a 28-point peace proposal criticized for favoring Moscow. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/witkoff-kushner-meet-putin-moscow-discuss-an-end-ukraine-war-2025-12-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cwyv0ex7v8ro\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/12\/02\/putin-witkoff-kushner-meeting-ukraine-plan\" style=\"\" rel=\"noopener\">Axios<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/12\/02\/world\/europe\/putin-witkoff-trump-ukraine-meeting.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/world\/live-news\/trump-ukraine-russia-venezuela-12-02-2025\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/12\/02\/russia-putin-witkoff-kushner-ukraine-talks-moscow\/\" style=\"\" rel=\"noopener\">Washington Post<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In Washington, US President Donald Trump said he will announce his nominee for <\/strong><strong>Federal Reserve chair in early 2026<\/strong>, naming White House economic adviser Kevin Hassett as a leading contender to replace Jay Powell when his term ends in May. Trump said the search, which once included about ten candidates, is now \u201cdown to one,\u201d though final interviews with senior officials will continue in the coming weeks. The president reiterated his criticism of Powell for not cutting interest rates fast enough. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d84661cb-26e6-4f55-8096-8ab4a8d47755\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-new-federal-reserve-chair-be-announced-early-next-year-2025-12-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-02\/trump-says-he-ll-announce-new-fed-chair-early-next-year\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile in crypto markets, BTC climbed back above the USD 90k mark<\/strong>, rebounding after a steep selloff, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-02\/crypto-markets-steady-as-indicators-point-to-weak-sentiment?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The recovery came after the Securities and Exchange Commission signaled plans for an \u201cinnovation exemption\u201d for digital asset firms and Vanguard announced it would allow trading of crypto-focused ETFs and mutual funds on its platform. Despite the recovery, sentiment remains fragile with traders staying cautious ahead of next week\u2019s Fed rate decision.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/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\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+ stays the course on supply cuts in 1Q 2026: <\/strong>Opec+ agreed to keep oil output quotas unchanged for the first quarter of 2026 in its meeting earlier this week, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/pr-detail\/243582-30-november-2025.html\" style=\"\" rel=\"noopener\">statement<\/a>. The decision keeps 3.24 mn bbl\/d of production cuts in place, representing some 3% of global demand, and keeps in place an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/93ba9929-949d-444a-8687-bf21f42ce270\/opec%2B-to-raise-output,-then-hold-steady-through-1q-2026\" style=\"\" rel=\"noopener\">initial plan<\/a> to hike production in December and keep it steady during the first quarter of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cartel also approved a mechanism to assess the maximum production capacity for <\/strong><strong>member states<\/strong>, which will be used to set output baselines starting in 2027. An assessment will take place in the first nine months of 2026 to decide the following year\u2019s output quotas, unnamed sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-set-hold-oil-output-policy-steady-sunday-sources-say-2025-11-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The eight producers increasing output this year have lifted targets by about 2.9 mn bbl \/ d between April and December, and the increase in supply was among factors that sent Brent crude\u2019s price down 15% YTD as of Friday\u2019s close to USD 63 \/ bbl.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe message from the group was clear<\/strong>: stability outweighs ambition at a time when the market outlook is deteriorating rapidly,\u201d head of geopolitical analysis at Rystad Energy Jorge Leon told Reuters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US-based DeGolyer and MacNaughton will reportedly carry out most of the work for the review<\/strong>, unnamed delegates told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-30\/opec-to-agree-on-mechanism-for-closely-watched-capacity-review\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, adding that an Indian company will be selected to review quotas for sanctions-afflicted Russia and Venezuela, as well as Iran which objected to baseline calculations. The three countries are reluctant to let foreign companies audit their energy industries, the business information service says.<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/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-energy-department\/\">Abu Dhabi Energy Department<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n               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href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/uae-economy-grows-4-2-in-1h-2025-on-the-back-of-non-oil-sector-strength\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1455.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109954\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/uae-economy-grows-4-2-in-1h-2025-on-the-back-of-non-oil-sector-strength\/1455-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1455.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1455.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1455.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1455.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109953\" class=\"content-area-description single-story post-109953 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-gdp tag-tourism 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\/12\/.343d8449-49d4-495c-95fb-891387b439e2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>T<\/strong><strong>he UAE\u2019s r<\/strong><strong>eal GDP grew 4.2% in 1H 2025<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15wfvtd-minister-economy-tourism-775-non-oil-share-real\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing statements from Economy and Tourism Minister Abdulla bin Touq Al Marri. The expansion was driven largely by the non-oil economy, which grew 5.7% in 1H 2025, bringing the share of non-oil activity to a record 77.5% of real GDP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- <\/strong><span style=\"background-color: transparent;\">The UAE\u2019s GDP <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/84447032-606a-4b7d-84d4-3b78ccf5dd5b\/uae%253cmark%253e-gdp%253c%2Fmark%253e-grows-3.9%2525-in-1q-2025\" rel=\"noopener\">grew 3.9%<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/84447032-606a-4b7d-84d4-3b78ccf5dd5b\/uae%253cmark%253e-gdp%253c%2Fmark%253e-grows-3.9%2525-in-1q-2025\" rel=\"noopener\">in 1Q 2025<\/a><span style=\"background-color: transparent;\">, with non-oil GDP growing 5.3%.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s tourism sector was one of the top seven destinations in the world in terms of expenditure<\/strong>, as the hospitality sector surged, after hotels welcomed 23.3 mn tourists in the first nine months this year, up 4.9% y-o-y. Hotel revenues inched up 7.2% y-o-y to AED 35.9 bn in the period. Meanwhile, hotel occupancy jumped to 79.2%, marking an increase of 1.8% y-o-y, supported by strong international visitor numbers and growth in domestic tourism, according to Al Marri. The number of occupied rooms was up 3.5% y-o-y to 46.2 mn rooms over this period, with the average daily rate surging 4.2% y-o-y to AED 557.<br \/><strong>The big picture:<\/strong> The UAE is targeting a GDP of AED 3 tn by 2031. ICAEW expects the UAE\u2019s economy to drive the GCC\u2019s GDP growth in 2026, with our GDP forecast to accelerate from 4.9% this year to 5.6% in 2026. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/89c2ba70-cf56-4076-b3a5-0851113adeb0\/cbuae-lifts%253cmark%253e-gdp%253c%2Fmark%253e-forecast-this-year-to-4.9%2525-on-higher-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\">CBUAE<\/a> expects growth to reach 4.9% in 2025 and 5.3% in 2026. BMI is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2360cc5d-d1f4-4ce6-b1c4-cfa31ff623af\/bmi-upgrades-gdp-forecast-to-5.2%2525-in-2025-and-5.6%2525-in-2026\" style=\"\" rel=\"noopener\">more optimistic<\/a>, forecasting 5.2% growth in 2025 and 5.6% next year. Meanwhile, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/845a822d-d288-475c-bf15-e8b0ef5e3e0c\/imf-upgrades-uae%25e2%2580%2599s-2025-growth-forecast-on-oil-rebound-and-non-oil-momentum-%2B-moody%25e2%2580%2599s-affirms-uae,-abu-dhabi%25e2%2580%2599s-aa2-ratings\" style=\"\" rel=\"noopener\">IMF<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/20c6a743-94bf-412d-93f3-b11225412f5d\/world-bank-upgrades-gdp-growth-forecast-to-4.8%2525-in-2025\" style=\"\" rel=\"noopener\">World Bank<\/a> estimate 4.8% growth in 2025 and 5% growth in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The non-oil economy outlook: <\/strong>Fitch Solutions\u2019 research unit BMI <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2360cc5d-d1f4-4ce6-b1c4-cfa31ff623af\/bmi-upgrades-gdp-forecast-to-5.2%2525-in-2025-and-5.6%2525-in-2026\" style=\"\" rel=\"noopener\">sees<\/a> non-oil GDP next year growing at a 5.3% clip this year and a 5.5% clip next year. NBK, on the other hand, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8bddf4bb-dac2-4ec1-9d72-abff034a676c\/%253cmark%253enon-oil%253c%2Fmark%253e-economy-will-be-the-fastest-growing-in-the-gcc-next-year--nbk\" style=\"\" rel=\"noopener\">is expecting<\/a> non-oil economy to maintain robust growth of 4.8% this year, before falling slightly to 4.5% next year. Moody's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/845a822d-d288-475c-bf15-e8b0ef5e3e0c\/imf-upgrades-uae%25e2%2580%2599s-2025-growth-forecast-on-oil-rebound-and-non-oil-momentum-%2B-moody%25e2%2580%2599s-affirms-uae,-abu-dhabi%25e2%2580%2599s-aa2-ratings\" style=\"\" rel=\"noopener\">expects<\/a> the non-oil sector to grow 4-5% between 2025 and 2026, supported by projects such as the Etihad Rail network and the unified Gulf visa launching next year, which should bolster tourism and investment flows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO -<\/strong> The UAE lured more than 220.2k new companies between January and November this year. National and international trademarks entering the local markets reached 36k by the end of November, jumping 48.2% y-o-y. <\/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\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tourism\/\">tourism<\/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=\"109955\" 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=\"109955\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/abu-dhabi-inflation-surges-1-5-in-october\/\">\r\n                            Abu Dhabi inflation surges 1.5% in October                        <\/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\/12\/03\/abu-dhabi-inflation-surges-1-5-in-october\/\" 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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On a monthly basis, inflation rose 0.7%, after inching up 0.5% in September, separate <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/121.pdf\" rel=\"noopener\">data (pdf)<\/a><span style=\"background-color: transparent;\"> shows.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Prices of ins. and financial services led annual increases in October<\/strong><span style=\"background-color: transparent;\">, climbing 6.6% and mirroring rises in September. This was followed by a 5% uptick in costs across the household equipment and routine household maintenance segment, while housing, water, electricity, gas, and other fuels \u2014 the largest component in the index \u2014 rose 3.2%. Personal care, social protection, and miscellaneous goods went up 2.6%, while transport prices, the second-largest component, jumped 2.4% \u2014 its first increase since June 2024. Restaurants and hotels climbed a notable 2.3%, while tobacco prices (+0.9%), communication (+0.6%), and food and beverage prices (+0.4%) also edged up.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A few sectors are still in deflation territory on a y-o-y basis<\/strong>, including clothing and footwear, which recorded the most significant dip for the fourth consecutive month (-9.2%), and recreation and culture, down 1.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a monthly basis<\/strong>, recreation and culture recorded the highest increase among all categories, rising 3.5%, followed by a 1.1% increase for both restaurants and hotels and transport. Personal care, social protection, and miscellaneous goods and household equipment and routine household maintenance both recorded a 0.9% m-o-m increase. Food and beverages saw a slight 0.1% m-o-m rise, while clothing and footwear was the only category in m-o-m deflation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi inflation is still much cooler than in Dub<\/strong><strong>ai<\/strong>, where annual inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/340e589a-c66c-4e73-a03e-5daef5074984\/%253cmark%253edubai%253c%2Fmark%253e%253cmark%253e-inflation%253c%2Fmark%253e-accelerates-at-its-fastest-pace-in-almost-a-year-in-october\" style=\"\" rel=\"noopener\">accelerated<\/a> to 3.36% in October, up from 2.88% in September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>Back in September, the Central Bank of the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/89c2ba70-cf56-4076-b3a5-0851113adeb0\/cbuae-lifts-gdp-forecast-this-year-to-4.9%2525-on-higher-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\">lowered<\/a> its inflation forecast for the UAE this year by 0.4 percentage points to 1.5%, which it attributed to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fa4cf25d-d54e-4c11-b2ba-847ec69cc905\/dubai%253cmark%253e-inflation%253c%2Fmark%253e-cools-in-august\" style=\"\" rel=\"noopener\">falling food and transport costs<\/a>. This is broadly in line with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/845a822d-d288-475c-bf15-e8b0ef5e3e0c\/imf-upgrades-uae%E2%80%99s-growth-forecast-to-4.8%25,-citing-oil-rebound-and-non-oil-strength-%2B-moody%E2%80%99s-affirms-uae,-abu-dhabi%E2%80%99s-aa2-ratings\" style=\"\" rel=\"noopener\">IMF\u2019s revised inflation forecast<\/a> of 1.6% in 2025 \u2014 a significant downgrade from the fund\u2019s earlier estimate of 2.1%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/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\/inflation\/\">inflation<\/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=\"109957 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=\"109957\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/109957-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109957\" class=\"content-area-description single-story post-109957 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"109958\" 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=\"109958\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/almasar-education-gained-18-41-on-its-tadawul-debut\/\">\r\n                            Almasar Education gained 18.41% on its Tadawul debut, bucking a bruising year for Saudi IPOs                        <\/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\/12\/03\/almasar-education-gained-18-41-on-its-tadawul-debut\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The stock traded between a high SAR 23.1 and a low of SAR 18.33, briefly dipping below its <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\">final offer price of SAR 19.50<\/a>, before settling at the top end of that range. Around 21.4 mn shares changed hands across 41k trades worth SAR 450.4 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Usual caps apply: <\/strong><span style=\"background-color: transparent;\">Almasar\u2019s shares can move within a 30% band on debut, with a 10% static limit in place for the first three sessions. From day four onward, volatility is capped at 10% as circuit breakers kick in.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A strong open after a heavily oversubscribed IPO:<\/strong> The K-12 school operator\u2019s strong debut follows a well-covered offering, with the institutional tranche closing <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> and the retail portion <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/86b609c5-8ef9-49fe-8248-6627ba19ce11\/%253cmark%253ealmasar%253c%2Fmark%253e-education-wraps-up-tadawul-ipo,-with-retail-portion-1.2x-oversubscribed\" style=\"\" rel=\"noopener\">1.21x covered<\/a>. The company floated a 30% stake in a fully secondary offering from its then-sole owner Amanat, raising SAR 599 mn. This places it around mid-table among this year\u2019s Tadawul listings by proceeds, sitting 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\/b3ed37d1-f491-4775-9143-c9d31ae7d820\/%253cmark%253eentaj%253c%2Fmark%253e-foods%25e2%2580%2599-share-price-jumps-30%2525-in-main-market-debut\" style=\"\" rel=\"noopener\">Entaj<\/a> (SAR 450 mn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- Almasar\u2019s debut lands in a market that\u2019s been under heavy pressure<\/strong>, with Tadawul\u2019s benchmark index TASI sliding 9.1% in November to about 10.6k points dragging its YTD loss to roughly 12% \u2014 its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a57176cb-8cc3-486b-bcb3-6f5a79c0887a\/november-unwinds-tasi%25e2%2580%2599s-october,-september-gains-9%2525-drop\" style=\"\" rel=\"noopener\">sharpest monthly drop since mid-2022 and steepest YTD slump in a decade<\/a>. Analysts say the pullback reflected liquidity pressures, capital rotating into IPOs, cautious positioning, and a rapid unwinding of speculative wagers after mixed signals on foreign-ownership caps. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it bucked the trend:<\/strong> Almasar came to market with a set of tailwinds few other issuers enjoyed. The school operator had a visible expansion pipeline at a time when defensives held up far better than cyclicals in a liquidity-strained market. Its SAR 599 mn float was also fully secondary, meaning no new supply hit the market, and the size was manageable relative to current liquidity conditions. Together, that may have helped strong demand translate more cleanly into post-listing support and gave Almasar a clearer runway than most recent Tadawul debuts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch:<\/strong> The company plans to deploy <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\" style=\"\" rel=\"noopener\">SAR 115 mn in capex<\/a> in Saudi Arabia to expand its special-needs daycare footprint and open 15 new schools and centers over the next two years, 50-70% of which is already invested. CEO Fadi Habib has also signaled ambitions to scale higher-education offerings in KSA, mirroring the growth trajectory of its domestic portfolio, including <a target=\"_blank\" href=\"https:\/\/www.mdx.ac.ae\/\" style=\"\" rel=\"noopener\">Middlesex University Dubai<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Our friends at EFG Hermes KSA co-managed bookbuilding alongside SNB Capital who is quarterbacking the transaction as financial advisor, bookrunner, and underwriter with Clifford Chance acting as counsel to the issuer. Baker Mackenzie is advising the bookrunner, while PwC is handling financial and tax due diligence. Euromonitor International provided market research, and Deloitte is acting as auditor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amanat may not be <\/strong><strong>done listing<\/strong><strong> in Saudi: <\/strong>Almasar\u2019s strong debut could also bolster its parent company\u2019s appetite for a second Saudi listing. The Dubai-based firm was previously reported to have mandated EFG Hermes and First Abu Dhabi Bank (FAB) to explore an IPO of its healthcare arm \u2014 a transaction that could raise around USD 200 mn. <\/p>\n<p class=\"tag-border-left\">MEANWHILE ON THE HOME FRONT (and beyond)- <\/p>\n<ul>\n<li><strong>Hookah brand Al Fakher\u2019s parent firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5576f49b-f893-4598-8a33-913e27b9b2ea\/hookah-maker%253cmark%253e-advanced-inhalation%253c%2Fmark%253e-rituals-plans-us-nasdaq-listing-in-1h-2026\" 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 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2fa7620c-1950-4873-af90-d1565b450287\/this-morning:-dip-confirms-ipo-plans-%2B-e&amp;-enterprise-to-develop-data-center-infrastructure-in-serbia\" style=\"\" rel=\"noopener\">25% of Dubai Investments Park<\/a> ;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c3696ab-832e-4ac4-a9a2-ad18cf721ccd\/this-morning:-dubai-property-boom-fuels-expansion-for-emaar,-prompts-potential-binghatti-ipo\" style=\"\" rel=\"noopener\">Binghatti<\/a><\/strong> was the latest to join the UAE real estate IPO frenzy as it tapped banks for a potential IPO, joining <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2891ea32-f405-482f-853e-21ad2ee3d140\/arabian-construction-company-taps-hsbc,-fab-for-its-upcoming%253cmark%253e-ipo%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Arabian Construction<\/a> ;<\/li>\n<li><strong>Emirates Global Aluminum <\/strong>could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da43f6f3-1231-45c1-800b-bbed1e375942\/%253cmark%253eega%253c%2Fmark%253e-to-revive-ipo%3F\" style=\"\" rel=\"noopener\">reviving plans<\/a> for a potential IPO that could rank among the region\u2019s largest;<\/li>\n<li>ADQ-backed <strong>Etihad Airways<\/strong> highly-anticipated IPO was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/695e2b55-e32c-477c-b179-a8faf913cae0\/this-morning:%253cmark%253e-etihad%253c%2Fmark%253e-to-push-back-its-ipo-to-after-eid-al-fitr-%2B-real-gdp-grew-3.8%2525-in-9m-2024\" style=\"\" rel=\"noopener\">expected to kick off after Eid Al Fitr<\/a> but could be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca682210-f8e1-43f9-8975-2fe56c765b52\/could-etihad-airways%25e2%2580%2599-highly-anticipated%253cmark%253e-ipo%253c%2Fmark%253e-be-pushed-again-to-2026%3F\" style=\"\" rel=\"noopener\">delayed to 2026<\/a> ;<\/li>\n<li><strong>Dubai Holding<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6675b0ae-8e52-4e2f-9ea4-82ac5e5efd03\/%253cmark%253edubai-holding%253c%2Fmark%253e-mulls-ipos-for-commercial-and-residential-property-units\" style=\"\" rel=\"noopener\">plans to float<\/a> two of its property portfolio units;<\/li>\n<li><strong>Abu Dhabi Investment Group<\/strong> is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03e0b1a5-ac76-4f48-b8e1-4f84720e55c1\/2pointzero-to-hit-adx-this-year%3F-%2B-abu-dhabi-investment-group-plans-to-list-two-of-its-units\" style=\"\" rel=\"noopener\">eyeing listings<\/a> for its financial unit and energy subsidiary this year;<\/li>\n<li>Hospitality group <strong>Five Holdings<\/strong> also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">tapped<\/a> advisors for a potential listing.<\/li>\n<\/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                <!-- <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=\"109960\" 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=\"109960\">\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\">TAX<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/finmin-introduces-new-amendments-to-tax-procedures-law\/\">\r\n                            FinMin introduces new amendments to tax procedures law                        <\/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\/12\/03\/finmin-introduces-new-amendments-to-tax-procedures-law\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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href=\"https:\/\/api.whatsapp.com\/send?text=FinMin+introduces+new+amendments+to+tax+procedures+law+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F03%2Ffinmin-introduces-new-amendments-to-tax-procedures-law%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\/12\/03\/finmin-introduces-new-amendments-to-tax-procedures-law\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/139.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109961\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/finmin-introduces-new-amendments-to-tax-procedures-law\/139-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/139.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"139.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/139.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/139.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109960\" class=\"content-area-description single-story post-109960 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-finance-ministry tag-tax 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\/12\/.852fc2b0-a02c-4210-8fba-13ec6e84eee7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Finance Ministry has issued new amendments on <\/strong><strong>the tax procedures law, setting new deadlines for requesting refunds for credit balances <\/strong>and granting the Tax Authority new powers, state news agency Wam <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmymkkx-ministry-finance-implement-amendments-the-tax\" style=\"\" rel=\"noopener\">reports<\/a>. The Ministry has also introduced amendments on selected provisions to the UAE VAT law, according to <a target=\"_blank\" href=\"https:\/\/kpmg.com\/ae\/en\/insights\/tax-insights\/federal-decree-law-no-16-and-17-of-2025.html\" style=\"\" rel=\"noopener\">KPMG<\/a>. Both amendments come into effect at the beginning of 2026. <strong>The key changes: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Taxpayers now have a maximum of five years to request a refund for credit balances or to offset tax liabilities with a credit balance<\/strong><span style=\"background-color: transparent;\">, according to Wam. You can still submit a request past the five-year limit if the balance arises late in the period or if after it has elapsed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A grace period of one year is introduced for taxpayers with an old credit balance,<\/strong> where the five-year claim window has expired before 1 January 2026 or will expire within one year of the same date, to file for tax refund. \u201cThis effectively means that businesses with outstanding refund balances now have until 31 December 2026 to claim any refunds for the tax years 2018-2020,\u201d KPMG said in its note. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new exception allows voluntary disclosures related to refund applications up to two years<\/strong> after the original application was filed, if the authority has not made a decision on it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for the VAT law<\/strong>, taxpayers are now no longer required to issue a tax invoice to themselves when importing specific goods or services for their businesses in a bid to simplify administrative procedures, according to KPMG. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new five-year limit has also been imposed for refund claims on excess recoverable input tax<\/strong>, and if it was not utilized or claimed within this period, the right to the tax expires. <\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tax\/\">tax<\/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=\"109962\" 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=\"109962\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/\">\r\n                            BlueFive plans to take stake in Saudi ins. firm GGI as it eyes consolidation of GCC insurance firms                        <\/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\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/\" 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\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/')\">\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\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/\">\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=BlueFive plans to take stake in Saudi ins. firm GGI, launches ins.-focused platform&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/\">\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\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/&title=BlueFive plans to take stake in Saudi ins. firm GGI, launches ins.-focused platform\">\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=BlueFive+plans+to+take+stake+in+Saudi+ins.+firm+GGI%2C+launches+ins.-focused+platform+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F03%2Fbluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform%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\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1689.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109963\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/bluefive-plans-to-take-stake-in-saudi-ins-firm-ggi-launches-ins-focused-platform\/1689-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1689.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1689.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1689.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1689.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109962\" class=\"content-area-description single-story post-109962 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-investment tag-ma-watch tag-private-equity 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\/12\/.0f3030af-2eb1-4406-8aae-f7fc89117ea2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>BlueFive <\/strong><strong>wants in on Saudi ins. player GGI:<\/strong> Abu Dhabi-based private equity firm BlueFive Capital lodged a non-binding offer to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/b9223626-2500-47c5-bbcd-2c25b5334254\/bluefive-to-subscribe-to-new-gulf-general-cooperative-ins.-shares\" style=\"\" rel=\"noopener\">invest in Saudi-listed Gulf General Cooperative Ins.<\/a> (GGI) via a proposed recapitalization, which would include a capital reduction followed by a fresh equity injection, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/96.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The transaction remains subject to negotiations for a binding agreement and approvals from the Saudi Ins. Authority, the Capital Market Authority, and GGI\u2019s extraordinary general assembly, the Jeddah-based company said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=91796&amp;anCat=1&amp;cs=8260&amp;locale=en\" style=\"\" rel=\"noopener\">a bourse disclosure<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The company now wants to consolidate existing licensed ins. players <\/strong><span style=\"background-color: transparent;\">through its newly launched ins-focused platform BlueFive Ins., it said in a separate <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/114.pdf\" rel=\"noopener\">press release (pdf)<\/a><span style=\"background-color: transparent;\">. The dedicated ins. vehicle, which it plans to expand beyond the GCC into broader Middle Eastern and Southeast Asian markets, targets both shariah-compliant and conventional licensed insurers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transaction mechanics: <\/strong>GGI said BlueFive\u2019s proposal requires the insurer to first cut its capital to reduce some 50% of accumulated losses initially then immediately hike it again, with BlueFive taking up all newly issued shares at SAR 10 apiece, as it looks to \u201cclean up the company\u2019s balance sheet.\u201d It would likely take a significant minority stake in the company, CEO Anuj Agarwal told Asharq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/109458\/%D8%A8%D9%84%D9%88-%D9%81%D8%A7%D9%8A%D9%81-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D9%84%D8%B3%D9%8A%D8%B7%D8%B1%D8%A9-%D8%B9%D9%84%D9%89-%D8%AD%D8%B5%D8%A9-%D8%A3%D9%82%D9%84%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC%D9%8A%D8%A9-%D9%84%D9%84%D8%AA%D8%A3%D9%85%D9%8A%D9%86\/#google_vignette\" style=\"\" rel=\"noopener\">watch, runtime: 12:39<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A formal exclusivity window: <\/strong>The structure suspends existing shareholders\u2019 pre-emptive rights. Both sides have a two-month exclusivity period \u2014 starting 24 November \u2014 after which the talks lapse unless extended. GGI also flagged a conflict of interest involving board member Saud Al Sulaiman, who holds a minority stake in BlueFive.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>SNB Capital is advising BlueFive, while GIB Capital is advising GGI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- BlueFive\u2019s been busy expanding its footprint: <\/strong>The firm recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f5a8498-d89b-4e39-a2c6-b9638ecad347\/this-morning:-sharjah-eyes-rmb-denominated-loan-%2B-emirates-nbd-back-in-talks-with-india%25e2%2580%2599s-rbl-bank%3F\" style=\"\" rel=\"noopener\">launched an Oman<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f5a8498-d89b-4e39-a2c6-b9638ecad347\/this-morning:-sharjah-eyes-rmb-denominated-loan-%2B-emirates-nbd-back-in-talks-with-india%25e2%2580%2599s-rbl-bank%3F\" style=\"\" rel=\"noopener\">unit<\/a>, BlueFive Capital Majan, as part of a push to build a presence in Muscat. The move focuses on investment advisory, capital raising, and cross-border partnerships, and targets sectors including infrastructure, logistics, sustainable energy, and financial innovation. The firm also plans to close a USD 1 bn Asia fund in 4Q 2025 and launch a USD 500 mn private equity fund with China\u2019s CICC Capital.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-equity\/\">private equity<\/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=\"109964\" 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=\"109964\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-oversubscribed\/\">\r\n                            CBUAE\u2019s November T-Sukuk auction was 5x 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\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-oversubscribed\/')\">\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\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-oversubscribed\/\">\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=CBUAE\u2019s November T-Sukuk auction was 5x oversubscribed&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-oversubscribed\/\">\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\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-oversubscribed\/&title=CBUAE\u2019s November T-Sukuk auction was 5x oversubscribed\">\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=CBUAE%E2%80%99s+November+T-Sukuk+auction+was+5x+oversubscribed+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F03%2Fcbuaes-november-t-sukuk-auction-was-5x-oversubscribed%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\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-oversubscribed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1532.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109965\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/cbuaes-november-t-sukuk-auction-was-5x-oversubscribed\/1532-jpg-28\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1532.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1532.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1532.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1532.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109964\" class=\"content-area-description single-story post-109964 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-central-bank-of-the-uae tag-debt tag-debt-watch tag-sukuk 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\/12\/.f183856d-6f88-4294-992a-98287ddc3cc4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The C<\/strong><strong>e<\/strong><strong>ntral B<\/strong><strong>ank of the UAE's (CBUAE) AED 1.1 bn T-Sukuk auc<\/strong><strong>tion in November was 5x oversubscribed<\/strong>, receiving AED 5.5 bn in bids, with participation from eight primary investors, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmy14qr-islamic-treasury-sukuk-auction-for-november-2025\" 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 style=\"background-color: transparent;\">The auction included two tranches:<\/strong><span style=\"background-color: transparent;\"> The first is set to mature in October 2027, offering a yield of 3.52%, and the second will mature in May 2030 with a yield of 3.63%. The yields represent a spread of 5 basis points above comparable US Treasuries.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>November\u2019s auction \u2014 the final one this year \u2014 builds on successive oversubscribed auctions<\/strong>, including October\u2019s with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7b595109-085f-4396-9d5c-7f4631a37822\/cbuae%25e2%2580%2599s-october-t-%253cmark%253esukuk%253c%2Fmark%253e-for-was-oversubscribed-4.2x\" style=\"\" rel=\"noopener\">4.2x demand<\/a>, September\u2019s with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/418ab212-60bc-4be5-a10c-e0c8712b6c17\/%253cmark%253eretail%253c%2Fmark%253e-investors-can-now-access-the-government%25e2%2580%2599s-t-%253cmark%253esukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">4.6x demand<\/a>, and July\u2019s auction, which saw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab8c7192-85ca-4204-89c3-fb849da50d1e\/cbuae'\" style=\"\" rel=\"noopener\">5x demand<\/a> and received AED 4.5 bn in bids. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3f288d0b-686c-4b70-9eaf-d10a3f32604c\/cbuae%25e2%2580%2599s%253cmark%253e-t-sukuk%253c%2Fmark%253e-for-june-5.6x-oversubscribed\" style=\"\" rel=\"noopener\">June\u2019s auction<\/a> drew AED 6.2 bn in bids and was 5.6x oversubscribed, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3b2b727a-6da1-4dc6-a55d-c0aaefe4a7b2\/cbuae%E2%80%99s-t-sukuk-for-may-2025-6.3x-oversubscribed\" style=\"\" rel=\"noopener\">May\u2019s<\/a> was 6.3x oversubscribed, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/37bb08fc-32f3-4594-9f0b-6cb82728aa46\/cbuae%25e2%2580%2599s-t-sukuk-for-april-2025-was-5.6x-oversubscribed\" style=\"\" rel=\"noopener\">April\u2019s AED 6.12 bn<\/a> auction had a subscription rate of 5.6x.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Finance Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/418ab212-60bc-4be5-a10c-e0c8712b6c17\/%253cmark%253eretail%253c%2Fmark%253e-investors-can-now-access-the-government%25e2%2580%2599s-t-%253cmark%253esukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">recently opened up its T-sukuk to retail investors<\/a>, allowing individuals to directly invest in shariah-compliant, government-backed treasury sukuk through national banks. The initiative aims to boost financial inclusion and widen the investor base for government-backed financial instruments. Abu Dhabi Islamic Bank was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a51243e7-f714-4c6c-a06a-98f7a7ce99ef\/adib-is-first-bank-tapped-for-mof%25e2%2580%2599s%253cmark%253e-retail-sukuk%253c%2Fmark%253e-program\" style=\"\" rel=\"noopener\">named<\/a> as the first participating bank, and Emirates NBD <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/91a15ff4-bac7-4f2a-a0d7-335d15eb30fe\/pe-firm-kkr-expands-to-abu-dhabi-%2B-zand-aed-backed-stablecoin-gets-approval\" style=\"\" rel=\"noopener\">joined<\/a> the initiative last month.<\/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\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/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=\"109966\" 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=\"109966\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/gulfnav-closes-aed-613-mn-sukuk-to-refinance-brooges-debt\/\">\r\n                            GulfNav closes AED 613 mn sukuk to refinance Brooge\u2019s debt                        <\/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\/12\/03\/gulfnav-closes-aed-613-mn-sukuk-to-refinance-brooges-debt\/\" 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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Gas Investment (BPGIC), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/90.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The move is part of a broader capital-optimization push<\/strong><span style=\"background-color: transparent;\"> following last week\u2019s takeover, with the new facility not only refinancing BPGIC\u2019s legacy debt but also bankrolling a fresh expansion of storage capacity at the Port of Fujairah. No details were provided on pricing, investor participation, or listing venue, suggesting the transaction is unlisted.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> GulfNav closed its long-delayed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4daf1add-775e-40b4-92f4-42c5c8fa27b2\/gulfnav-finally-seals-aed-3.2-bn-acquisition-of%253cmark%253e-brooge%253c%2Fmark%253e%25e2%2580%2599s-assets\" style=\"\" rel=\"noopener\">AED 3.2 bn full acquisition<\/a> of Nasdaq-listed Brooge Energy\u2019s assets last week, giving the DFM-listed shipowner full control of Brooge\u2019s storage and blending facilities in Fujairah \u2014 one of the region\u2019s key oil logistics hubs. <\/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 HSBC acted as sole arranger and underwriter. A&amp;O Shearman advised HSBC, while Hogan Lovells advised the issuer on structuring, documentation, and closing.<\/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\/brooge-energy\/\">Brooge Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulfnav\/\">GulfNav<\/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=\"109968 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=\"109968\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/109968-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109968\" class=\"content-area-description single-story post-109968 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\/424.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=\"109969\" 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=\"109969\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/gulf-navigations-ceo-resigns\/\">\r\n                            Gulf Navigation\u2019s CEO Ahmad Kilani resigns                        <\/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\/12\/03\/gulf-navigations-ceo-resigns\/\" 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\/12\/03\/gulf-navigations-ceo-resigns\/')\">\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\/12\/03\/gulf-navigations-ceo-resigns\/\">\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=Gulf Navigation\u2019s CEO resigns&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/gulf-navigations-ceo-resigns\/\">\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\/12\/03\/gulf-navigations-ceo-resigns\/&title=Gulf Navigation\u2019s CEO resigns\">\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=Gulf+Navigation%E2%80%99s+CEO+resigns+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F03%2Fgulf-navigations-ceo-resigns%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\/12\/03\/gulf-navigations-ceo-resigns\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/137.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109970\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/gulf-navigations-ceo-resigns\/137-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/137.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"137.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/137.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/137.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109969\" class=\"content-area-description single-story post-109969 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-gulfnav tag-moves 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\/12\/.2796ae15-6414-46b9-b8f2-f898707b6c46.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf<\/strong><strong> Navigation\u2019s CEO resigns: <\/strong>Shipping and maritime services firm Gulf Navigation\u2019s CEO Ahmad Kilani (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ahmad-kilani-04817a9\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) has resigned from his position but will continue carrying out his duties during the transition period, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/102.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. While the statement did not disclose the reason for his resignation, Kilani will remain a member of the company\u2019s board of directors. The disclosure did not specify a successor for the role.<\/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\/gulfnav\/\">GulfNav<\/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=\"109971\" 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=\"109971\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/\">\r\n                            Mashreq rolls out Mashreq Neo Pakistan                        <\/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\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/\" 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\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/')\">\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\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/\">\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=Mashreq rolls out Mashreq Neo Pakistan&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/\">\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\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/&title=Mashreq rolls out Mashreq Neo Pakistan\">\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=Mashreq+rolls+out+Mashreq+Neo+Pakistan+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F03%2Fmashreq-rolls-out-mashreq-neo-pakistan%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\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/145.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109972\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/mashreq-rolls-out-mashreq-neo-pakistan\/145-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/145.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"145.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/145.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/145.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109971\" class=\"content-area-description single-story post-109971 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-banking tag-debt tag-defense tag-enterpriseam-uae tag-fitch-ratings tag-infrastructure tag-investment tag-kuwait tag-mashreq tag-pakistan tag-salik tag-sharjah tag-space tag-startups 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\/12\/.03769e1a-2098-420a-b64c-5ece4817693d.mp3\"><\/audio><\/figure><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>Mashreq<\/strong><strong>\u2019s digital push in Pakistan now fully live:<\/strong> Our friends at Mashreq launched Mashreq Neo, its digital service offering instant onboarding, no-charge remittances, and app-based money management, in Pakistan, according to a <a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/uae\/news\/2025\/november\/mashreq-pakistan-launch-neo\/\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">ICYMI- <\/strong><span style=\"background-color: transparent;\">Mashreq rolled out full commercial operations in Pakistan in <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/160ce240-f9ba-40d9-90f0-3a3c726741e3\/mashreq-makes-pakistan-its-first-international-digital-retail-banking-market\" rel=\"noopener\">September<\/a><span style=\"background-color: transparent;\">, with plans to roll out Neo and NeoBiz for SMEs, backed by a USD 100 mn investment plan to build out its operations in the country this year.<\/span><\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dar invests six figures in Austrian proptech Howie: <\/strong>Dar Ventures, the venture capital arm of Dar, invested a EUR six-figure sum in Vienna-based proptech <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/howie-systems\/?originalSubdomain=at\" style=\"\" rel=\"noopener\">Howie<\/a> to back the development of an AI platform to manage and analyze data for the architecture, engineering, and construction (AEC) industry, according to a <a target=\"_blank\" href=\"https:\/\/proptechconnect.com\/dar-ventures-backs-howie-with-six-figure-investment-to-shape-the-future-of-ai-in-the-built-world\/\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next steps: <\/strong>The capital injection will support Howie\u2019s efforts to develop an AI platform that streamlines project data consolidation \u2014 including drawings and datasets \u2014 and analysis for AEC firms. It will also use the funds for expansion as it aims to roll out its services in Europe and the MENA region in 2027. The startup is set to launch a priced funding round in 1Q 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Earlier this year, Dar Ventures invested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e368e426-0144-4883-93cb-1f6d86a6877e\/%253cmark%253edar%253c%2Fmark%253e%253cmark%253e-ventures%253c%2Fmark%253e-backs-pi-labs%25e2%2580%2599-gbp-100-mn-fund-for-ai-driven-built-environment-tech\" style=\"\" rel=\"noopener\">GBP 5 mn<\/a> in Pi Labs\u2019 environmental tech fund, targeting AI-driven startups developing technologies for sustainable construction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> India\u2019s Str<\/strong><strong>ide Ventures to expand in GCC: <\/strong>India-based venture debt firm <a target=\"_blank\" href=\"https:\/\/www.strideventures.global\/\" style=\"\" rel=\"noopener\">Stride Ventur<\/a><a target=\"_blank\" href=\"https:\/\/www.strideventures.global\/\" style=\"\" rel=\"noopener\">es<\/a> secured more commitments for its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c91ff9b-4525-43b0-b27c-a8ac203338cf\/india%25e2%2580%2599s-stride-ventures-launches-adgm-fund-v-with-usd-250-mn-target,-eyes-usd-500-mn-gcc-aum-by-2026\" style=\"\" rel=\"noopener\">ADGM Fund V<\/a>, as part of a wider raise that saw it secure about USD 300 mn in institutional commitments toward its three funds in the UAE, India, and the UK, Fariha Ansari Javed, partner, GCC and global capital formation at Stride Ventures, told EnterpriseAM. The funds together have a planned global close of USD 600 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm will prioritize deployment in Saudi Arabia and the UAE<\/strong>, before looking at other GCC markets, Javed said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Stride <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c91ff9b-4525-43b0-b27c-a8ac203338cf\/india%25e2%2580%2599s-stride-ventures-launches-adgm-fund-v-with-usd-250-mn-target,-eyes-usd-500-mn-gcc-aum-by-2026\" style=\"\" rel=\"noopener\">recently closed its first Abu Dhabi fund<\/a>, ADGM Fund V, with a target of USD 250 mn as well as a further USD 100 mn green shoe option. At the time, the fund had already signed term sheets worth upwards of USD 50 mn and its pipeline for the rest of the year was set to come in at USD 100 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is driving deployment? <\/strong>\u201cThe India-GCC corridor is evolving into a two-way flow of capital and operational scale, marking a shift from unilateral investment to cross-border expansion,\u201d Javed said. Indian companies are entering the UAE and Saudi Arabia to tap into larger-ticket sizes driven by stronger unit economics and policy support. Gulf-based startups \u201care leveraging India for technology, talent, and cost-efficient scaling,\u201d while adopting India-style playbook.  <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>Adia + IDC back VC fund:<\/strong> Bengaluru-based VC firm Fireside Ventures has raised INR 22.65 bn (USD 250 mn) for its fourth fund from a mix of global and domestic investors including the Abu Dhabi Investment Authority, Investment Corporation of Dubai, Fidelity International, and US university endowments, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indias-fireside-ventures-raises-253-million-fourth-fund-2025-12-02\/\" 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>Background:<\/strong> Founded in 2017, Fireside now manages USD 650 mn across four funds with a portfolio of over 60 consumer brands including Mamaearth, boAt, and the Sleep Company, as per the newswire.<\/p>\n<p class=\"tag-border-left\"> DEBT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch <\/strong><strong>upgrades Salik to A rating:<\/strong> Fitch Ratings has raised Salik\u2019s issuer default rating from A- to A, maintaining a stable outlook, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/85.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Salik\u2019s position as Dubai\u2019s exclusive toll operator, low debt levels, robust liquidity and balance sheet, and close links to the emirate\u2019s expanding economy were cited as reasons for the upgrade. Its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8dc6276c-71f4-48e7-b35d-7d1055448d0c\/africa%25e2%2580%2599s-private-capital-took-a-hit-in-2023-amid-global-investment-slump\" style=\"\" rel=\"noopener\">concession agreement<\/a> with Dubai\u2019s Roads and Transport Authority also gives Salik stable long-term cashflow visibility, Fitch said.<\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah<\/strong><strong> ruler Sultan bin Mohammed Al Qasimi approved a AED 90 mn project to upgrade<\/strong><strong> a five-kilometer stretch of Sharjah Ring Road near Etihad Rail Station<\/strong>, optimizing traffic flow along Mleiha Road \u2014 where traffic has recently doubled \u2014 and expanding University City Bridge., <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/news\/uae\/2025\/11\/28\/sharjah-ruler-approves-projects-worth-dh150-million-to-reduce-congestion\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. The plan is in its final design stages, with construction set to wrap up within a year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The emirate also announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/972de762-2779-4b19-a7e7-b6033aa56d0b\/keeta-is-now-in-sharjah\" style=\"\" rel=\"noopener\">last week<\/a> plans to build of an AED 60 mn bridge next to Martyrs' Monument to improve traffic flows from Mleiha Road to Sheikh Mohammed bin Zayed Road, and from Sheikh Khalifa Street towards Mleiha Road.<\/p>\n<p class=\"tag-border-left\">SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>, Kuwait sign MoU on space collaboration: <\/strong>Mohammed Bin Rashid Space Center (MBRSC) and the Kuwait Foundation for the Advancement of Sciences have inked an MoU to strengthen cooperation on space projects, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15wfvtg-uae-kuwait-explore-enhanced-space-cooperation\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement came during an MBRSC delegation visit to Kuwait.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Under the agreement<\/strong>, the two entities will collaborate on space exploration, remote sensing, applied research, and satellite development, as well as exchange scientific and technical knowledge. The MoU will also support the development of training programs and workshops for researchers, engineers, and students from both countries.<\/p>\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ammroc<\/strong><strong>, Egypt\u2019s AOI partner on aircraft manufacturing + defense: <\/strong>The UAE\u2019s Advanced Military Maintenance, Repair, and Overhaul Center (Ammroc) inked three MoUs with Egypt\u2019s Arab Organization for Industrialization (AOI) to improve cooperation across aircraft components, engine manufacturing, and helicopter system maintenance, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/ammroc-signs-three-strategic-mous-with-the-arab-organization-for-industrialization-in-egypt-at-edex-2025-jkvo8o49\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/ammroc-signs-three-strategic-mous-with-the-arab-organization-for-industrialization-in-egypt-at-edex-2025-jkvo8o49\" style=\"\" rel=\"noopener\">release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Ammroc will collaborate with three AOI entities \u2014 the Aircraft Factory, the Engine Factory and Digital Manufacturing Center, and the Helwan Factory for Advanced Industries \u2014 to develop production capabilities and enhance systems for fixed-wing aircraft and autonomous aerial systems, manufacture and treat engine parts, and expand MRO services for helicopter platforms. The agreements also aim to establish training and knowledge transfer programs and set up new production lines.<\/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\/aviation\/\">Aviation<\/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\/debt\/\">debt<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/pundits-pencil-in-rate-cut-next-week-as-fed-divisions-widen-on-where-the-cycle-should-stop\/\">\r\n                            Pundits pencil-in rate cut next week as Fed divisions widen on where the cycle should stop                        <\/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\/12\/03\/pundits-pencil-in-rate-cut-next-week-as-fed-divisions-widen-on-where-the-cycle-should-stop\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/pundits-pencil-in-rate-cut-next-week-as-fed-divisions-widen-on-where-the-cycle-should-stop\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/135.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"109974\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/pundits-pencil-in-rate-cut-next-week-as-fed-divisions-widen-on-where-the-cycle-should-stop\/135-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/135.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"135.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/135.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/135.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109973\" class=\"content-area-description single-story post-109973 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-interest-rates tag-planet-finance tag-us-federal-reserve 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\/12\/.2d09b59c-aedd-4105-96cf-94f56c0ae066.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The see-sawing of expectations for what\u2019s to come at next week\u2019s US Fed<\/strong><strong>eral Reserve interest rate meeting continues<\/strong>, with expectations for a 25 basis point cut now at 89.2%, according to CME's FedWatch Tool, up from 63% a month ago. This would come on the heels of two 25 bps cuts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4fa3768-a450-4162-a3d6-e6bdaa1bfbb6\/%253cmark%253efed%253c%2Fmark%253e-cuts-rates-for-the-first-time-this-year,-resuming-widely-anticipated-easing-cycle\" style=\"\" rel=\"noopener\">in September<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/63354d75-f1f1-4402-896d-7b51aa4e20d7\/%253cmark%253efed%253c%2Fmark%253e-delivers-second-rate-cut-this-year\" style=\"\" rel=\"noopener\">October<\/a>, with the latest cut bringing the target range down to 3.75-4% as policymakers grappled with weak labor data and murky economic indicators in the wake of the government shutdown.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">This also comes as a lack of consensus among Fed officials deepe<\/strong><strong style=\"background-color: transparent;\">ns.<\/strong><span style=\"background-color: transparent;\"> Fed Chair Jerome Powell noted \u201cstrongly differing views\u201d within the rate-setting committee over whether to focus on price stability or maximum employment.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Policymakers are also split about what a neutral rate \u2014 the level that neither <\/strong><strong>st<\/strong><strong>imulates<\/strong><strong> nor restrains the economy \u2014 would be<\/strong> ahead of Fed officials giving their predictions next week, with estimates diverging more than at any point since 2012, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-02\/federal-reserve-interest-rate-decision-likely-to-show-divide?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Estimations from September put it between 2.6-3.9%, with 19 officials coming up with 11 different predictions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s always some disagreement over where the neutral rate<\/strong> \u2014 also known as r-star \u2014 is, especially because it can only be inferred and later judged in the rearview mirror, but this time, the degree of disagreement is more intense \u2014 and potentially, more consequential. \u201cIt starts to become potentially a binding constraint for some of the more hawkish Fed members,\u201d Stephen Stanley, chief US economist for Santander, said. \u201cIt definitely means that each successive cut becomes harder and harder.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI + tariffs influencing the outlook: <\/strong>Broader AI adoption could lift productivity and push the neutral rate higher, according to Minneapolis Fed President Neel Kashkari. Investment in AI, along with supportive fiscal and monetary policies, were cited as factors helping the global economy cope with US President Donald Trump\u2019s tariff agenda, according to an OECD report cited by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-02\/world-economy-shows-surprising-resilience-to-tariffs-oecd-says\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Fed Governor Stephen Miran, on the other hand, maintains that US policies like tariffs and tax cuts may be pushing neutral rates lower, supporting the case for more easing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>A changing of the guard at the Federal Reserve in 2026 could also reshape views on the neutral rate, with incoming policymakers expected to lean toward lower interest rates \u2014 adding another layer of uncertainty to the path of future policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of: <\/strong>US President Donald Trump is set to announce the new Fed Chair early next year, he said last week, and White House economic adviser Kevin Hassett is a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/hassett-may-be-shadow-fed-chair-five-months-2025-12-01\/\" style=\"\" rel=\"noopener\">top contender<\/a>. His election would grant Trump a 5-2 majority on the board of the central bank. <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly in the green<\/strong> after Wall Street indices rallied yesterday, with South Korea\u2019s Kospi leading gains with a c.1.1% rise, Japan\u2019s Nikkei climbing more than 0.7%, and China\u2019s CSI 300 adding 0.2%. Hong Kong\u2019s Hang Seng was the only outlier, dipping 0.7%. <strong>Over on Wall Street<\/strong>, futures point to another strong open on the heels of the tech-fueled rally. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,747<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +3.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,837<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +13.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,607<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +10.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">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\">10,536<\/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: -12.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">40,626<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +36.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,829<\/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: +16.1%)<\/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>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\">9,702<\/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: +18.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,686<\/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: +16.1%)<\/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>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 62.45<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/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 4.86<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,250<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 91,655<\/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\">+6.0% (YTD: -2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chim<\/strong><strong>e<\/strong><strong>ra JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.75<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: +7.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.91<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +8.6%)<\/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>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">16.59<\/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% (YTD: -4.4%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.4% on Friday<\/strong> on turnover of AED 603.8 mn. The index is up 13.1% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Talabat Holding (+3.6%), Dubai Refreshment Company (+3.2%) and Spinneys 1961 Holding (+2.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Gulf Navigation Holding (-9.9%), Al Salam Sudan (-4.1%) and Agility The Public Warehousing Company (-3.5%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.4% on turnover of AED 926.9 mn. Meanwhile, Nasdaq Dubai was up 0.7%.<\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us-federal-reserve\/\">US Federal Reserve<\/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=\"109975\" 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\/12\/03\/109975-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-109975\" class=\"content-area-description single-story post-109975 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\">DECEMBER<\/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>, 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>, 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 style=\"font-weight:400;\">12 December (Friday): Emirates NBD to launch an open offer for 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>1 January: Amendments to the Tax Procedures Law and the UAE VAT Law come into 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>28-29 March (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eicalcongress.com\/\" style=\"\">Emirates Congress on AI & Visionary leadership in Transforming Healthcare<\/a><\/span><span>, Adnec Center Abu Dhabi<\/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>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 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;\">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>ALSO- Abu Dhabi inflation surges 1.5% in October + BlueFive plans to take stake in Saudi ins. firm GGI<\/p>\n","protected":false},"featured_media":109949,"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-109948","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6f908f3a-62e5-43ce-a0d0-a5d00e31c7c6","teaser":"ALSO- Abu Dhabi inflation surges 1.5% in October + BlueFive plans to take stake in Saudi ins. firm GGI","photo_url":"https:\/\/ent.news\/2025\/1\/885.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Plus: Almasar Education gains on Tadawul debut - 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\/gdp-grows-4-2-in-1h-2025-plus-almasar-education-gains-on-tadawul-debut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GDP grows 4.2% in 1H 2025. 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