{"id":110912,"date":"2025-12-12T00:00:00","date_gmt":"2025-12-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=110912"},"modified":"2026-01-04T21:42:19","modified_gmt":"2026-01-04T21:42:19","slug":"uae-attends-pax-silica-summit-as-us-eyes-coalition-on-critical-minerals","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/uae-attends-pax-silica-summit-as-us-eyes-coalition-on-critical-minerals\/","title":{"rendered":"UAE attends Pax Silica Summit as US eyes coalition on critical minerals"},"content":{"rendered":"<section id=\"110914\" 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=\"110914\">\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\/12\/this-morning-pax-silica-summit-kicks-off-in-the-us-with-the-uae-present-the-gulf-is-more-involved-in-paramounts-warner-bros-bid-than-meets-the-eye\/\">\r\n                            THIS MORNING: Pax Silica Summit kicks off in the US with the UAE present + The Gulf is more involved in Paramount\u2019s Warner Bros bid than meets the eye                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n          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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2100.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2100.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110914\" class=\"content-area-description single-story post-110914 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-investment-authority tag-adnoc-distribution tag-dana-gas tag-egypt tag-enterpriseam-uae tag-evs tag-infrastructure tag-ma tag-mubadala tag-oil-and-gas tag-payments tag-tax tag-trade tag-uae-eu-relations tag-uae-india-relations tag-uae-russia-relations tag-what-were-tracking-today wpautop entry\">\n\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\"><strong>Good morning, friends, and happy FRIDAY. <\/strong>It\u2019s the end of a long, busy week here at home, with Abu Dhabi Finance Week \u2014 which wrapped yesterday \u2014 along with the debut Bridge Summit, and the myriad crypto events taking place in parallel bringing us plenty of news to sift through. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Today\u2019s issue is somewhat of a mixed bag. <\/strong>From the Bridge Summit, we have a USD 200 mn commitment to Abu Dhabi\u2019s media industry, which will see three firms establish a media and tech innovation center in the emirate and work on the production of two motion picture films next year. And in M&A news, India\u2019s Cyient acquired an Abu Dhabi digital consulting firm to expand in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Meanwhile, in <strong>energy news<\/strong>, <strong>Holcim<\/strong> launched the world\u2019s first project to <strong>mineralize CO2 underground<\/strong> from its Fujairah plant. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have a rundown of banks\u2019 earnings in 3Q 2025<\/strong> and how their performance compared to previous quarters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>**A QUICK PROGRAMMING NOTE: <\/strong>EnterpriseAM UAE will be taking a break from your inbox on Monday and Tuesday next week, but we will be back in your inbox at the usual time on Wednesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of holidays, T<\/strong><strong>hursday<\/strong><strong>, 1 J<\/strong><strong>anuary 2026 will be a paid New Year\u2019s holiday for <\/strong><strong>public-sector <\/strong><strong>employees<\/strong>, with work shifting online on Friday, 2 January for all roles not requiring on-site presence, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bn5rk8r-%D8%A7%D9%84%D8%AE%D9%85%D9%8A%D8%B3-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1-%D8%B9%D8%B7%D9%84%D8%A9-%D8%B1%D8%A3%D8%B3-%D8%A7%D9%84%D8%B3%D9%86%D8%A9-%D8%A7%D9%84%D9%85%D9%8A%D9%84%D8%A7%D8%AF%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%AC%D9%85%D8%B9%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing a circular from the Federal Authority for Government Human Resources. We\u2019ll be keeping an eye out for similar confirmation for the private sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5WEATHER- Expect a mostly cloudy day today<\/strong>, with the mercury peaking at 30\u00b0C in Dubai and 29\u00b0C in Abu Dhabi, before cooling to a low of 21\u00b0C in the former and 19\u00b0C in the capital. <\/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\"> <a id=\"wwtt1\"><\/a> <strong>The UAE is among eight countries attending <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b047b1ec-c6df-4e71-bd29-9af3c5bc7a53\/this-morning:-november-was-a-bad-month-for-stocks-%2B-you%25e2%2580%2599ll-pay-more-at-the-pump-this-month\" style=\"\" rel=\"noopener\">the Pax Silica summit<\/a><\/strong><strong> hosted by the US<\/strong><strong> today <\/strong>at the White House. The meeting will gather close US allies including the UAE, Japan, South Korea, Singapore, the Netherlands, the UK, Israel, and Australia as the US looks to reduce dependence on China and counter its dominance in AI technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald Trump plans to sign a declaration to form a coalition to counter China\u2019s control of the critical minerals supply chain<\/strong> and its emerging importance in AI and tech during the summit, which will involve Singapore, Australia, Japan, South Korea and Israel, according to a <a target=\"_blank\" href=\"https:\/\/www.state.gov\/releases\/office-of-the-spokesperson\/2025\/12\/under-secretary-helberg-will-kick-off-pax-silica-summit-with-landmark-declaration-signing\/\" style=\"\" rel=\"noopener\">statement<\/a>. The Trump administration will enlist other countries to join the coalition, though it\u2019s not clear if that includes the countries in attendance at the summit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis grouping of countries will be to the AI age what the G7 was to the industrial age,\u201d<\/strong> <a target=\"_blank\" href=\"https:\/\/www.politico.eu\/article\/donald-trump-tech-rare-earth-china-ai-singapore-exports\/\" style=\"\" rel=\"noopener\">Politico<\/a> quotes Jacob Helberg, the State Department\u2019s top economic policy and trade official, as saying. \u201cIt commits us to a process by which we\u2019re going to cooperate on aligning our export controls, screening of foreign investments, addressing anti-dumping but with a very proactive agenda on securing choke points in the global supply chain system.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The grouping is, first and foremost, about competing with China and keeping it from gaining any more advantage in the AI sector.<\/strong> Helberg added: \u201cBy aligning our economic security approaches, we can start to have cohesion to basically block China\u2019s Belt and Road Initiative \u2014 which is really designed to magnify its export-led model \u2014 by denying China the ability to buy ports, major highways, transportation and logistics corridors.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT-<\/strong> China accounts for over 90% of the world\u2019s rare earths and permanent magnet refining capacity \u2014 essential for the development of computer chips and other AI technology \u2014 followed by Malaysia with just 4%. US and China recently hashed out a framework for a trade agreement to pause steeper Chinese export controls on rare-earths in return for lower US tariffs, though concerns over China\u2019s monopoly over the sector remain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The summit will also feature discussions around cooperation in logistics, advanced manufacturing, mineral refining<\/strong>, <strong>energy, and compute and data infrastructure<\/strong>, the statement said. <\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and EU are holding their fourth round of trade negotiations<\/strong><strong> in <\/strong><strong>the <\/strong><strong>UAE<\/strong>, with a fifth round planned for early next year, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/uae-eu-free-trade-talks-advancing-rapidly-uae-state-minister-says-2025-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> cites UAE state minister Lana Nusseibeh as saying. Launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bdc0391a-4132-41fa-80a3-2f82bb46cf91\/eu,-uae-begin-bilateral-trade-talks\" style=\"\" rel=\"noopener\">in April<\/a>, the talks cover goods and services trade, investment, and cooperation in sectors such as renewable energy, green hydrogen, and critical raw materials. The EU is the UAE\u2019s second-largest trading partner, accounting for 8.3% of its non-oil trade, with some <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-the-pump-in-november\" style=\"\" rel=\"noopener\">USD 67.6 bn in trade in 2024<\/a>.<\/p>\n<p class=\"tag-border-left\"> HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investopia<\/strong> <strong>is taking<\/strong><strong> its dialogue series to Dublin on Monday, 15 December<\/strong>, where the UAE\u2019s global investment platform intends to deepen economic and investment ties with Ireland, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15wz6cm-investopia-launch-global-dialogue-edition-dublin\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Some 250 officials, as well as executives and investors from both countries, are set to attend the one-day event. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sessions will center on new-economy sectors<\/strong>, with a particular focus on AI, infrastructure, and cross-border investment. Economy and Tourism Minister and Chairman of Investopia Abdulla bin Touq Al Marri is scheduled to hold meetings with Irish ministers and business leaders to explore potential cooperation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MORNING MUST-READ- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC in<\/strong><strong>vestors\u2019 exposure to the Warner Bros acquisition may be higher than reported<\/strong>, given their close ties to the transaction\u2019s private equity financiers, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-11\/paramount-s-mideast-backing-likely-runs-deeper-than-24-billion\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Abu Dhabi\u2019s L\u2019imad, Qatar Investment Authority, and Saudi Arabia\u2019s Public Investment Fund (PIF) are providing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82b93be0-4ef6-49c8-8be7-b09f917fa041\/this-morning:-abu-dhabi-investor-backs-paramount%25e2%2580%2599s-hostile-bid-for%253cmark%253e-warner%253c%2Fmark%253e-bros-%2B-abu-dhabi-gets-fintech,-insurance,-digital-assets-cluster\" style=\"\" rel=\"noopener\">USD 24 bn<\/a> to support Paramount\u2019s hostile takeover bid for Warner Bros, however, many of the other firms involved in financing the bid are themselves backed by GCC players.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apollo Global Management, which is among the firms providing up to USD 54 bn in financing for the Paramount offer, has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0364d9fc-52a2-490a-8933-20a890228a7a\/mubadala-and-alpha-dhabi%25e2%2580%2599s-jv-acquired-an%253cmark%253e-apollo-global%253c%2Fmark%253e-managed-european-direct-lending-portfolio\" style=\"\" rel=\"noopener\">long-standing ties<\/a><\/strong><strong> with Mubadala Investment<\/strong>, while PIF\u2019s venture arm has invested in several Apollo-run funds. Oracle\u2019s co-founder, Larry Ellison, is also involved in the acquisition, and he is a close ally of several regional investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based alternative asset manager Lunate and QIA <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44b179b5-c20e-4279-8f66-880ee15e9ec4\/lunate,-qia-invest-usd-1.5-bn-in-jared-kushner%25e2%2580%2599s-affinity-partners\" style=\"\" rel=\"noopener\">rece<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44b179b5-c20e-4279-8f66-880ee15e9ec4\/lunate,-qia-invest-usd-1.5-bn-in-jared-kushner%25e2%2580%2599s-affinity-partners\" style=\"\" rel=\"noopener\">ntly invested an additional USD 1.5 bn<\/a><\/strong><strong> in Affinity Partners<\/strong>, Jared Kushner\u2019s investment firm, which is also set to provide funding for the transaction. Kushner also played a key role linking the parties in the PIF-Affinity consortium that mounted a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/72dbead7-5e56-4ae3-b415-143f84f129fb\/it%25e2%2580%2599s-official:%253cmark%253e-pif%253c%2Fmark%253e-consortium-is-taking-ea-private\" style=\"\" rel=\"noopener\">USD 55 bn<\/a> bid for Electronic Arts earlier this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Paramount CEO David Ellison <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/df3ad324-29f5-4599-b6b6-7b8cf374e5cb\/this-morning:-cbuae-cuts-rates-by-25-bps,-following-the-fed-%2B-uae-the-world%25e2%2580%2599s-second-crypto-capital,-coinbase-ceo-says\" style=\"\" rel=\"noopener\">made<\/a> a compelling regulatory and valuation case for his company\u2019s USD 180 bn hostile bid during meetings with Warner Bros shareholders in New York this week, where he also assuaged concerns over reliance on Gulf funds for the bid. Warner Bros\u2019 shareholders have until 8 January to make a decision.<\/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- Mubadala eyes transport infrastructure, but regulatory obstacles and few windows<\/strong><strong> stand in its way:<\/strong> Mubadala is keen to expand investments into global transport infrastructure, but a lack of predictable regulatory frameworks and a shortage of suitable prospects are slowing its investment plans, Mubadala\u2019s chief executive of real assets Khaled Al Marri told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2025\/12\/11\/mubadala-ready-for-major-transport-push-but-global-opportunities-scarce\/\" style=\"\" rel=\"noopener\">The National<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund is \u201cready to deploy a large amount of capital\u201d into these assets<\/strong> once clear regulatory frameworks are in place and long-term demand is proved, he said. Al Marri cited the airport sector as promising given continued stable traffic volumes over the past two decades.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sovereign entity is also pivoting toward digital and energy transition infrastructure.<\/strong> Digital assets, including data centers, fiber networks, and connectivity platforms, account for more than 20% of the fund\u2019s infrastructure capital investments in 2025, Al Marri said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The fund\u2019s investments into transport and infrastructure so far this year include <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/78516f66-d950-4fec-bdb8-efc6cc37db37\/%253cmark%253emubadala%253c%2Fmark%253e-capital-acquires-60.3%2525-of-invepar%25e2%2580%2599s-lamsa\" style=\"\" rel=\"noopener\">the acquisition<\/a> of 60.3% of Brazilian infrastructure firm Invepar\u2019s subsidiary Linha Amarela, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/39c7449c-f20c-4450-9962-a925e14abb1f\/idex-and-navdex-2025-day-2:-bns-worth-of-agreements-signed\" style=\"\" rel=\"noopener\">a partnership<\/a> with Tawazun Council through its aerospace maintenance arm Sanad Group to develop an aircraft engine maintenance, repair, and overhaul facility in Al Ain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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> #2-<\/strong><strong> Abu Dhabi-based digital lender Wio will launch a new payments company in 2026 <\/strong>as it enters its next growth phase, CEO Jayesh Patel told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-digital-lender-wio-bank-bets-payments-wealth-power-next-growth-phase-2025-12-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The bank is also expanding wealth products for affluent clients and expects its retail customer base to grow by at least one-third next year. Patel said Wio is prioritizing domestic scale for now, with no immediate plans to expand into other Gulf markets, and noted that while M&A prospects are under review, the bank has sufficient liquidity to fund upcoming projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <a target=\"_blank\" href=\"https:\/\/www.adq.ae\/newsroom\/adq-alpha-dhabi-etisalat-and-fab-to-launch-wio-a-next-generation-banking-platform\/\" style=\"\" rel=\"noopener\">Backed by<\/a> ADQ, Alpha Dhabi, Etisalat (now e&), and First Abu Dhabi Bank, Wio now serves more than 250k retail customers and 120k business clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong> UAE-Russia trade <\/strong><strong>could double to more than USD 20 bn by 2030<\/strong> as the two countries expand collaboration across food processing, tourism, financial services and fintech, data, and space, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2025\/12\/10\/uae-russia-trade-to-double-by-2030-in-next-phase-of-economic-co-operation\/\" style=\"\" rel=\"noopener\">The National<\/a> cites officials as saying at the UAE-Russia Business Forum in Dubai. Trade is expected to exceed USD 10 bn this year, and more than 13.5k Russian companies are now registered in the UAE, including 2k added in 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will sanctions slow momentum? Russia said no:<\/strong> Moscow insists Western sanctions won\u2019t affect its UAE trade, even as the measures force Russian-linked firms to unwind assets abroad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>BYD eyes UAE push into autonomous driving + local R&D:<\/strong> Chinese automaker BYD is in early talks with UAE authorities to roll out driverless vehicles and establish a domestic R&D center in the country, Executive Vice President Stella Li told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2025\/12\/11\/byd-in-talks-with-uae-authorities-on-driverless-cars-and-research-centre\/\" style=\"\" rel=\"noopener\">The National<\/a>. A related announcement is expected in January, Li said. BYD also plans to build hundreds of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1f10c203-05bf-4c8c-92ea-60bd6fb7def3\/this-morning:-dubai%25e2%2580%2599s-bubble-risk-rises-amid-looming-supply-glut,-less-affordable-prices-%2B%253cmark%253e-byd%253c%2Fmark%253e-to-roll-out-hundreds-of-fast-chargers-in-the-uae\" style=\"\" rel=\"noopener\">1 MW<\/a> fast chargers in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE is fast-tracking smart mobility: <\/strong>Abu Dhabi has already <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/19839c3d-a110-44ce-9e94-46b804928bc3\/this-morning:-driverless-taxis-are-now-on-uber-in-abu-dhabi-%2B-enbd-ceo-breaks-down-plans-post-acquisition-of-rbl\" style=\"\" rel=\"noopener\">licensed Level-4 robotaxis<\/a>, with Uber and WeRide launching the first fully driverless services outside the US on Yas Island and preparing to expand across core districts. Mercedes-Benz and Momenta will supply <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e554726-2f94-43cb-97e0-46386253e08a\/this-morning:-mubadala-eyes-brazil%25e2%2580%2599s-will-bank-%2B-adnoc-top-bidder-for-russian-stake-in-serbian-oil-industry%3F\" style=\"\" rel=\"noopener\">autonomous S-Class vehicles<\/a> to Lumo Mobility starting January, while Dubai is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/62f0b732-9dd4-4e0e-b1d0-50f24b45b43b\/brics%25e2%2580%2599-nbd%25e2%2580%2599s-list-usd-50-bn-note-program-on-nasdaq-dubai-%2B-several-firms-join-new-fida-cluster-in-abu-dhabi\" style=\"\" rel=\"noopener\">piloting<\/a> autonomous deliveries through Yango and noon.<\/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>Adnoc <\/strong><strong>Distribution will enable AE coin payments across its nationwide retail network<\/strong> under a new agreement signed at Abu Dhabi Finance Week, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/adnoc-distribution-adopts-ae-coin-payments-across-its-retail-network-auyrfamf\" style=\"\" rel=\"noopener\">press release<\/a>. Customers will be able to use the AED-pegged, Central Bank-licensed stablecoin across payment channels like fuel stations, car washes, and convenience stores.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Rolled out in collaboration with Al Maryah Community Bank, AE Coin is already being adopted as a payment method by Emirati players, with the likes of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/df3ad324-29f5-4599-b6b6-7b8cf374e5cb\/this-morning:-cbuae-cuts-rates-by-25-bps,-following-the-fed-%2B-uae-the-world%25e2%2580%2599s-second-crypto-capital,-coinbase-ceo-says\" style=\"\" rel=\"noopener\">e&<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4e299e4-9fe5-40d2-a397-558a2f2b9413\/investcorp-acquires-us-industrial-property-portfolio-%2B-nrtc-takes-over-ripe-organic\" style=\"\" rel=\"noopener\">7X<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/75388f2a-4a80-4028-970c-497c9e666391\/this-morning:-sharjah-islamic-bank-sounds-out-investors-for-at1-sukuk-sale-%2B-pay-for-your-flights-with-stablecoin%3F\" style=\"\" rel=\"noopener\">Air Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e61c17c-b8dd-44e7-9820-ea9382aa0797\/this-morning:-canada-in-talks-with-the-uae-over-ai-investments-%2B-taxi-stablecoin-payments-are-now-a-thing-in-abu-dhabi\" style=\"\" rel=\"noopener\">Tawasul Taxis<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aadd1e3c-9594-4fcb-b19f-3b3fb200ea0b\/this-morning:-more%253cmark%253e-ae-coin%253c%2Fmark%253e-payments-as-crypto-goes-mainstream-%2B-abu-dhabi-airports-sees-13%2525-y-o-y-increase-in-passengers-in-1h\" style=\"\" rel=\"noopener\">the Abu Dhabi Judicial Department<\/a> among those getting onboard.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- <\/strong><strong>The<\/strong><strong> Finance Ministry laid out the details of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8b607e11-c5e4-4f4c-9c46-69f67d5d4c57\/uae%252525e2%25252580%25252599s-issues-new-rules-allowing-deduction-of-value-depreciation-for-investment-properties\" style=\"\" rel=\"noopener\">newly introduced<\/a><\/strong><strong> tier<\/strong><strong>ed excise tax model<\/strong><strong> on sweetened beverages<\/strong>, set to come into effect on 1 January, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bn5rrrs-ministry-finance-announces-new-amendments-excise\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The new tax rate \u2014 which aims to curb high sugar consumption \u2014 will be determined based on the sugar content per 100 ml, with the tiered structure set as follows:<\/p>\n<ul>\n<li>Beverages containing between 5 and 8 grams of sugar per 100 ml will incur a tax of AED 0.79 per liter;<\/li>\n<li>Beverages with 8 grams of sugar or more will be taxed at AED 1.09 per liter;<\/li>\n<li>Beverages with less than 5 grams of sugar per 100 ml will be exempted from taxation.<\/li>\n<\/ul>\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\/9ff069bf-285d-441e-b1b9-525f7fd92dbd\/this-morning:-adnoc-submits-concessions-to-secure-covestro-acquisition-%2B-adia-locks-in-shares-in-lg-india%25e2%2580%2599s-ipo\" style=\"\" rel=\"noopener\">is allowing<\/a> companies that have imported or produced goods and paid the old 50% excise tax on sweetened beverages to deduct part of the tax they paid if the products haven\u2019t been sold once the new tax takes effect. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OpenAI has received investments from giants like Nvidia, Microsoft, and So<\/strong><strong>ftBank in recent years \u2014 its latest investor? Disney.<\/strong> The Walt Disney Company is investing USD 1 bn in the AI startup, in an agreement that will give the ChatGPT maker access to characters from Pixar, Marvel, and Star Wars available on Sora, OpenAI\u2019s video-generation tool. In return, Disney will also be granted warrants to purchase additional equity in the AI startup at a nominal price throughout the duration of the contract. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Disney earlier on Wednesday sent Google a cease and desist letter accusing it of infringing its copyrights<\/strong>, using its works to train models, and distributing protected content without authorization. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/37917e22-823a-40e2-9b8a-78779ed16efe\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/media\/disney-to-invest-1-billion-in-openai-license-characters-for-use-in-chatgpt-sora-3a4916e2?mod=hp_lead_pos10\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/disney-makes-1-billion-investment-openai-brings-characters-sora-2025-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/12\/11\/disney-openai-sora-characters-video.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A selloff of Oracle\u2019s shares yesterday following disappointing earnings and news that it will hike spending is also making the rounds. <\/strong>The company shed 10.8% of its value in trading yesterday, as investors \u2014 wary of the amount of funds Oracle will have to borrow to fund its push into AI, as well as concerns that OpenAI, which has major contracts with Oracle, won\u2019t be able to hold up its end of the bargain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The spread on Oracle\u2019s credit default swaps, representing the cost to buy protection against Oracle\u2019s bonds<\/strong>, hit a record high of 139 basis points, signaling more demand for protection as investors fear a potential default. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3633f277-d23b-44d0-b818-5fa3a89086cc\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-10\/oracle-posts-weak-cloud-sales-raising-fear-of-delayed-payoff\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/oracle-shares-drop-12-europe-after-forecasts-miss-wall-st-targets-2025-12-11\/\" 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>OVER IN CRYPTO LAND- South Korean crypto entrepreneur and TerraUSD creator Do Kwon was sentenced to 15 years in prison<\/strong> after pleading guilty to charges of fraud, in a case that accused him of misleading investors about the stability of his crypto coin in times of volatility. TerraUSD and Luna coin, another cryptocurrency he created, both lost USD 40 bn in 2022. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/government\/terrausd-creator-do-kwon-be-sentenced-over-40-billion-crypto-collapse-2025-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/currencies\/crypto-entrepreneur-do-kwon-gets-15-year-prison-sentence-14dfc220?mod=hp_lead_pos6\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1bacfc09-6a29-4be9-8da8-ed0960e0c774\" style=\"\" rel=\"noopener\">FT<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/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>#1- <\/strong><strong>UAE<\/strong><strong> intermediaries are helping route Moscow oil to India: <\/strong>Indian state-run and private refiners have continued to receive Russian crude after the 21 November US sanctions cutoff as a new slate of mostly UAE-clustered intermediaries stepped in to supply barrels at a reduced price, <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/amp\/economy\/news\/traders-spring-up-in-west-asia-to-supply-sanctioned-russian-oil-to-india-125120900997_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a> reports, citing anonymous sources as well as Kpler and Vortexa data. The US imposed sanctions on Rosneft and Lukoil to pressure Russia over the war in Ukraine. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New traders, old volumes:<\/strong> Little known firms like Alghaf Marine, Redwood Global Supply, RusExport, Grewale Hub, and East Implex Stream appeared in bills of lading as sellers, allowing Indian buyers to circumvent restrictions on producers like Rosneft and Lukoil. The intermediaries, which lie outside the ambit of US sanctions, are now critical conduits for the Indo-Russian crude trade as refiners chase markdowns of up to USD 7 per barrel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>Rosneft accounted for 16 of 25 tracked cargoes landing after 21 November, with Reliance\u2019s Jamnagar refinery receiving six parcels and Nayara five, according to the business outlet. State-run buyers including Indian Oil, Bharat Petroleum, and ONGC took the rest via non-sanctioned intermediaries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reliance says the Rosneft cargoes were booked before the US announced sanctions on 22 October<\/strong>, and the final cargo was loaded on 12 November to honor pre-sanction commitments, the outlet adds, quoting a Reliance spokesperson.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><a target=\"_blank\" id=\"kix.pn290qcqq6ml\" rel=\"noopener\"><\/a> <strong> Dana hits gas in Egypt: <\/strong>Sharjah\u2019s Dana Gas confirmed a new onshore Nile Delta gas find after drilling the North El-Basant 1 exploratory well in Egypt, with initial results pointing to 15-25 bcf of recoverable reserves and expected output of more than 8 mn cubic feet per day (mmcf\/d) once tied to the Egyptian grid, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/763.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The firm is set to secure approval to start drilling next month, head of investor relations Mohammed Al Mubaideen told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/146367\/2025\/11\/12\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B9%D9%84%D8%A7%D9%82%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D9%88%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%A4%D8%B3%D8%B3%D9%8A-%D9%81%D9%8A-%D8%AF%D8%A7%D9%86%D8%A9-%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D9%84%D9%80CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%A8%D8%A6%D8%B1-%22%D8%B4%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%A8%D8%B3%D9%86%D8%AA-1%22-%D8%B3%D9%8A%D8%B6%D9%8A%D9%81-15%E2%80%9325-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D9%82%D8%AF%D9%85-%D9%85%D9%83%D8%B9%D8%A8-%D9%85%D9%86-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">watch, runtime: 14:40<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The well is the fourth in a series of 11 appraisal and exploration wells planned under a two-year <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/00f55d5c-361a-4458-a025-c4144237f447\/\" style=\"\" rel=\"noopener\">USD 100 mn investment program<\/a><\/strong> \u2014 aiming to add 80 bcf in recoverable reserves \u2014 which earlier delivered three completed wells, adding 10 mmcf\/d. Dana plans to spud the program\u2019s fifth well, the Daffodil exploration well, in the first week of January, the company said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company recompleted three additional wells outside the current program<\/strong>, bringing another 9 mmcf\/d online. Combined drilling and recompletion work is adding some 30 mmcf\/d of new production, Dana Gas added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong> T<\/strong><strong>he International Energy Agency (IEA) revised its global oil demand gro<\/strong><strong>wth estimates marginally upwards to 860k bbl \/ d in 2026 and 830k bbl \/ d in 2025<\/strong> \u2014 90k bbl \/ d and 40k bbl \/ d higher than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/417a9ab2-ad2b-42d6-b573-e125386aaeb9\/\" style=\"\" rel=\"noopener\">last month\u2019s<\/a> \u2014 citing a better macro environment and easing concerns over trade barriers, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/iea-trims-global-oil-market-surplus-forecast-2026-2025-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing the agency\u2019s <a target=\"_blank\" href=\"https:\/\/www.iea.org\/reports\/oil-market-report-december-2025\" style=\"\" rel=\"noopener\">latest monthly report<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the supply side<\/strong>, the IEA trimmed its growth forecast, projecting global output to rise by 2.4 mn bbl \/ d next year instead of the 2.5 mn bbl \/ d previously expected \u2014 reverting back to its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/360f8e6e-24e0-44c7-aa55-eda3a0b64859\" style=\"\" rel=\"noopener\">October estimates<\/a>. Global supply slipped by 610k bbl \/ d in November, driven by lower output from Russia and Venezuela as sanctions continued to weigh on both producers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also closer to October\u2019s estimates:<\/strong> The agency now sees global supply outpacing demand by 3.84 mn bbl \/ d, narrowing the expected surplus from last month\u2019s 4.1 mn bbl \/ d estimate and moving closer to October\u2019s 3.97 mn bbl \/ d, according to the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Opec+ still sees global oil demand growth forecast coming in at 1.3 mn bbl \/ d for 2025<\/strong> and 1.4 mn bbl \/ d for 2026, both unchanged from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/417a9ab2-ad2b-42d6-b573-e125386aaeb9\/\" style=\"\" rel=\"noopener\">last month<\/a>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/781.pdf\" style=\"\" rel=\"noopener\">monthly report (pdf)<\/a>. Opec pumped some 43 mn bbl \/ d in November, perfectly matching demand for Opec crude \u2014 steady at 43 mn bbl \/ d next year. The outlook diverges from trader Trafigura Group\u2019s expectations of \u201csuper glut,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-11\/opec-data-point-to-balanced-global-oil-market-in-2026?srnd=phx-industries-energy\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-distribution\/\">Adnoc Distribution<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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data-image-title=\"2179.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110917\" class=\"content-area-description single-story post-110917 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-abu-dhabi-commercial-bank tag-abu-dhabi-islamic-bank tag-banking tag-central-bank-of-the-uae tag-commercial-bank-of-dubai tag-dubai-islamic-bank tag-emirates-nbd tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-mashreq tag-national-bank-of-fujairah tag-rakbank tag-sharjah-islamic-bank wpautop entry\">\n\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\"> <strong>The UAE\u2019s 10 largest listed banks booked a combined net income of AED <\/strong><strong>23.6 bn in 3Q 2<\/strong><strong>025,<\/strong> marking a 4.3% q-o-q increase, boosted by stronger net interest and fee incomes, according to Alvarez and Marsal\u2019s <a target=\"_blank\" href=\"https:\/\/www.alvarezandmarsal.com\/sites\/default\/files\/article\/pdf\/UAE%20Banking%20Pulse_Q3%2C%202025.pdf\" style=\"\" rel=\"noopener\">UAE Banking Pulse report (pdf)<\/a>. This comes after a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d79312c3-fe18-4814-895a-96ae1afe1e45\/uae-banks%25e2%2580%2599-earnings-flat-in-2q-as-impairments-surge\" style=\"\" rel=\"noopener\">2Q that saw flat earnings growth<\/a> for banks on the back of higher impairments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Impair<\/strong><strong>ment charges slipped 24.3% q-o-q<\/strong>, with net loan loss falling 6.9% to AED 2.7 bn, reducing the sector\u2019s cost of risk to 0.45% from 0.51% in 2Q. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Earnings remained resilient as banks maintained \u201csound capital and liquidity buffers, and a continued improvement in asset quality,\u201d<\/strong> A&M Managing Director, Risk & Reg Financial Services, Zeeshan Mansoor said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, the expansion was slightly muted by a 4.9% q-o-q dip in other operating income<\/strong> and a 6.3% q-o-q increase in operating expenses. Fees and commission income, however, rose 7.3% q-o-q, and interest continued to play a big role, as net interest income edged up 5.0% to AED 26.5 bn. Operating income rose 3.0% q-o-q to AED 41.9 bn. Meanwhile, return on equity ticked up to 19.6%, while return on assets eased slightly to 2.1%<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Margins<\/strong><strong> remained resilient amid interest cuts: <\/strong>The aggregate net interest margin fell 2 bps q-o-q to 2.45% as rate cuts filtered through. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Central Bank of the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/df3ad324-29f5-4599-b6b6-7b8cf374e5cb\/this-morning:-cbuae-cuts-rates-by-25-bps,-following-the-fed-%2B-uae-the-world%25e2%2580%2599s-second-crypto-capital,-coinbase-ceo-says\" style=\"\" rel=\"noopener\">cut<\/a> interest rates for the third time this year on Tuesday, lowering them by 25 bps in line with the US Federal Reserve\u2019s decision. The base rate applicable to the overnight deposit facility was cut to 3.65%, while the rate applicable to borrowing short-term liquidity remains the same at 50 bps above the base rate for all standing credit facilities. The CBAUE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2fa7620c-1950-4873-af90-d1565b450287\/this-morning:-dip-confirms-ipo-plans-%2B-e&-enterprise-to-develop-data-center-infrastructure-in-serbia\" style=\"\" rel=\"noopener\">trimmed<\/a> rates by 25 bps in September followed by another cut by the same rate in October following the Fed\u2019s moves.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lending momentum accelerated:<\/strong> Net loans and advances grew 6.5% q-o-q (up from 5% growth in 2Q), led by corporate and wholesale (+7.5%) and retail (+4.4%). Emirates NBD, representing 25% of the total gross loans and advances, logged the fastest loan growth, with 10.7% q-o-q growth, followed by FAB (24.7%) and Abu Dhabi Commercial Bank (16.6%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Loan growth outpaced deposits, which grew <\/strong><strong>4.3% <\/strong><strong>q-o-q <\/strong>largely on the back of accelerating time deposits, which constitute 43.8% of total deposits, and grew 9.6% q-o-q as depositors leverage higher interest rates ahead of further rate cuts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asset quality <\/strong><strong>remained strong<\/strong><strong>:<\/strong> The sector-wide non-performing loan ratio fell to 2.6%, while coverage improved by 4.1% q-o-q to 115.2%. Stage 3 loans declined 5.9% q-o-q, led by sharper drops at First Abu Dhabi Bank (FAB).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 1<\/strong><strong>0 largest bank<\/strong><strong>s by assets <\/strong>analyzed by the report are FAB, Emirates NBD, ADCB, DIB, our friends at Mashre, ADIB, Commercial Bank of Dubai, Rakbank, Sharjah Islamic Bank, and National Bank of Fujairah (AED 68.0 bn).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/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\/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\/commercial-bank-of-dubai\/\">Commercial Bank of Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-bank-of-fujairah\/\">National Bank of Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-islamic-bank\/\">Sharjah Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"110919\" 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=\"110919\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/\">\r\n                            Archeo Futurus + Daywalker Global to pour USD 200 mn into Abu Dhabi\u2019s tech and media sectors                        <\/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\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/\" 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\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/')\">\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\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/\">\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=Archeo Futurus + Daywalker Global to pour USD 200 mn into Abu Dhabi\u2019s tech and media sectors&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/\">\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\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/&title=Archeo Futurus + Daywalker Global to pour USD 200 mn into Abu Dhabi\u2019s tech and media sectors\">\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=Archeo+Futurus+%2B+Daywalker+Global+to+pour+USD+200+mn+into+Abu+Dhabi%E2%80%99s+tech+and+media+sectors+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F12%2Farcheo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors%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\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"110920\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/archeo-futurus-daywalker-global-to-pour-usd-200-mn-into-abu-dhabis-tech-and-media-sectors\/370-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"370.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/370.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110919\" class=\"content-area-description single-story post-110919 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi tag-enterpriseam-uae tag-investment-watch tag-media tag-tech wpautop entry\">\n\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\"> <a target=\"_blank\" id=\"kix.jqs6x66s1art\" rel=\"noopener\"><\/a> <strong>Archeo Futurus, <\/strong><strong>Day<\/strong><strong>walker Global to invest hundreds of mns USD in Abu<\/strong><strong> Dhabi tech + media:<\/strong> US cloud services and computing technology company <a target=\"_blank\" href=\"https:\/\/www.archeofuturus.com\/\" style=\"\" rel=\"noopener\">Archeo Futurus<\/a> and conglomerate Daywalker Global will invest USD 200 mn to develop advanced computing, media-production, and education capabilities in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/bridge-summit-2025-drives-usd-200-million-deal-szx681jw\" style=\"\" rel=\"noopener\">press relea<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/bridge-summit-2025-drives-usd-200-million-deal-szx681jw\" style=\"\" rel=\"noopener\">se<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where <\/strong><strong>will the money go?<\/strong> The companies will establish a media and technology innovation center in Abu Dhabi in 2026, focused on advanced computing, cloud technologies, AI infrastructure, and media production capabilities. They also intend to film at least two major motion pictures in the UAE next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new firm to help them get there:<\/strong> The firms created technology investment firm <a target=\"_blank\" href=\"https:\/\/www.trilliumtechnologiesinc.com\/\" style=\"\" rel=\"noopener\">Trillium Technologies<\/a> to support their investment plan. Trillium invests and acquires companies and assets that cover digital transformation and long\u2011term value creation, according to its <a target=\"_blank\" href=\"https:\/\/www.trilliumtechnologiesinc.com\/purpose\/?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">website<\/a>. They also launched the world\u2019s first computer-securitized bond, now listed in the US and on the Vienna Stock Exchange. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trillium secured a fully collateralized USD 300 mn private placement offering <\/strong>to develop and monetize compute credits for Archeo Futurus\u2019 cloud platform, <a target=\"_blank\" href=\"https:\/\/www.datacenterdynamics.com\/en\/news\/trillium-technologies-receives-300m-private-placement-debt-offering-for-cloud-platform\/\" style=\"\" rel=\"noopener\">Data Center Dynamics<\/a> reports. It will also use the proceeds to expand Archeo\u2019s existing infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> Compute credits are prepaid units of cloud computing power, storage, and bandwidth that can be used for digital services or securitized as tradable financial assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>This comes as the Emirates is on somewhat of a media push, with Sharjah <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a6b38298-287e-43b1-b0d0-eac65159255b\/gcc-interconnection-authority-awards-contracts-for-uae-oman-electricity-link-expansion\" style=\"\" rel=\"noopener\">establishing a production hub<\/a> within Sharjah Media City and the Abu Dhabi Film Commission <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f757a25-17c5-4ca4-8b15-67a185a4209a\/this-morning:-major-roads-in-dubai-will-close-starting-at-4pm-today\" style=\"\" rel=\"noopener\">raising its production rebate to 50%<\/a> to incentivize UAE-based filmmaking, while government-owned firm L\u2019imad is part of a takeover bid in the running <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82b93be0-4ef6-49c8-8be7-b09f917fa041\/this-morning:-abu-dhabi-investor-backs-paramount%25e2%2580%2599s-hostile-bid-for%253cmark%253e-warner%253c%2Fmark%253e-bros-%2B-abu-dhabi-gets-fintech,-insurance,-digital-assets-cluster\" style=\"\" rel=\"noopener\">to acquire Warner Bros<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/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=\"110921 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=\"110921\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/110921\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110921\" class=\"content-area-description single-story post-110921 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"110922\" 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=\"110922\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/\">\r\n                            Indian tech firm Cyient acquires Abu Dhabi tech consulting firm in a push into the region. Plus: Adia backs ICICI Prudential                        <\/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\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/\" 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\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/')\">\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\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/\">\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=Indian tech firm Cyient acquires Abu Dhabi tech consulting firm in a push into the region. Plus: Adia backs ICICI Prudential&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/\">\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\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/&title=Indian tech firm Cyient acquires Abu Dhabi tech consulting firm in a push into the region. Plus: Adia backs ICICI Prudential\">\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=Indian+tech+firm+Cyient+acquires+Abu+Dhabi+tech+consulting+firm+in+a+push+into+the+region.+Plus%3A+Adia+backs+ICICI+Prudential+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F12%2Findian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential%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\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1342.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"110923\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/indian-tech-firm-cyient-acquires-abu-dhabi-tech-consulting-firm-in-a-push-into-the-region-plus-adia-backs-icici-prudential\/1342-jpg-32\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1342.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1342.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1342.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1342.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110922\" class=\"content-area-description single-story post-110922 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abu-dhabi-investment-authority tag-enterpriseam-uae tag-ma-watch tag-tech wpautop entry\">\n\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\"> <strong>India-based engineering and tech solutions firm <\/strong><strong>Cyient<\/strong><strong> acquired tech<\/strong><strong> consulting company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/adgce.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi and Gulf Computer<\/a><\/strong> <strong> (ADGCE)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.cyient.com\/news\/cyient-strengthens-middle-east-operations-to-drive-intelligent-engineering-for-energy-utilities-transportation-connectivity-sectors\" style=\"\" rel=\"noopener\">press release<\/a>. The takeover will help Cyient strengthen its operational presence in the Middle East and offer its services to a wider market across key sectors including energy, utilities, transportation, and connectivity. ADGCE mainly works with energy firms, offering IT-enabled business solutions including enterprise content management, as well as e-government and financial solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment<\/strong> <strong>also aims to strengthen Cyient\u2019s offerings<\/strong> in digital transformation, loT-enabled solutions, data-driven asset management, and field engineering services. The company is eyeing the Middle East\u2019s expected investments in sectors like utilities modernization, rail and smart transportation networks, advanced manufacturing, and public-sector digitalization, the statement said.<\/p>\n<p class=\"tag-border-left\">ALSO FROM THE UAE<>INDIA CORRIDOR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia<\/strong><strong> picks up stake<\/strong><strong> in ICICI Prudential: <\/strong>Abu Dhabi Investment Authority (Adia) purchased an undisclosed amount of shares in ICICI Prudential Asset Management as Prudential offloaded a 4.5% stake in a pre-IPO placement for INR 49 bn (USD 544.6 mn), <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/prudential-sells-45-stake-indian-asset-management-jv-545-million-ahead-ipo-2025-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\/news\/story\/8ff2ff37-9e62-4d29-a382-4ca7ba081118\/icici-prudential-amc-lines-up-inr-106-bn-ipo-at-inr-1.07-tn-valuation\" style=\"\" rel=\"noopener\">IPO of ICICI Prudential<\/a> \u2014 a joint venture between Indian private lender ICICI Bank and British ins. Provider Prudential \u2014 will open today for anchor bids and the stock is expected to list on 19 December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Marquee investors:<\/strong> Adia joined the family offices of b\u2019naires Azim Premji and the late Rakesh Jhunjhunwala alongside Indian insurers including SBI Life, HDFC Life, and Go Digit, as per the newswire, which did not disclose the exact number of shares they each acquired. ICICI Bank, which holds a 51% stake in the fund manager, also purchased INR 21.40 bn (USD 237.8 mn) worth of stock. The IPO will see Prudential float a further 10% stake.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/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\/tech\/\">tech<\/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=\"110924\" 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=\"110924\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/holcim-launches-project-to-mineralize-co2-underground-in-fujairah\/\">\r\n                            Holcim launches world\u2019s first project to mineralize CO2 underground from Fujairah plant                        <\/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\/12\/holcim-launches-project-to-mineralize-co2-underground-in-fujairah\/\" 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 facility will capture five tons of CO2 per day from the plant and inject it into peridotite rock formations for permanent storage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> The project, supported by the Fujairah Natural Resources Corporation, will see Holcim, 44.01, NT Energies, and Shell Catalysts & Technologies deploy Shell\u2019s <a target=\"_blank\" href=\"https:\/\/www.shell.com\/business-customers\/catalysts-technologies\/licensed-technologies\/emissions-standards\/tail-gas-treatment-unit\/cansolv-co2.html\" style=\"\" rel=\"noopener\">Cansolv<\/a> carbon capture system, the statement says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> <a target=\"_blank\" href=\"https:\/\/www.holcim.ae\/\" style=\"\" rel=\"noopener\">Holcim UAE<\/a> is the new outfit of Lafarge Emirates Cement, which rebranded last month to support the company\u2019s sustainable construction plans and align with the UAE\u2019s Net Zero 2050 vision, <a target=\"_blank\" href=\"https:\/\/gulfbusiness.com\/lafarge-emirates-cement-rebrands-as-holcim-uae-to-accelerate-decarbonisation\/\" style=\"\" rel=\"noopener\">Gulf Business<\/a> reported. The firm operates a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/holcim-4401-launch-first-cement-co2-mineralisation-pilot-in-uae-mi0o9m0f\" style=\"\" rel=\"noopener\">3.2 mtpa<\/a> cement production plant in Fujairah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expanding the footprint: <\/strong>Adnoc and 44.01 are also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c40093ba-6ab4-490f-8eef-c0f243a0259f\/adipec-day-two:-adnoc-signs-a-slew-of-agreements\" style=\"\" rel=\"noopener\">expanding<\/a> their carbon-to-rock project in Fujairah after successfully mineralizing 10 tons of CO2 into rock formations in Fujairah in under 100 days last year. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fujairah\/\">Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fujairah-natural-resources-corporation\/\">Fujairah Natural Resources Corporation<\/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=\"110926 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=\"110926\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/110926\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110926\" class=\"content-area-description single-story post-110926 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\/432.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"110927\" 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=\"110927\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/\">\r\n                            Mashreq named UAE\u2019s Bank of the Year by The Banker                        <\/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\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/\" 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\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/')\">\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\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/\">\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 named UAE\u2019s Bank of the Year by The Banker&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/\">\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\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/&title=Mashreq named UAE\u2019s Bank of the Year by The Banker\">\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+named+UAE%E2%80%99s+Bank+of+the+Year+by+The+Banker+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F12%2Fmashreq-named-uaes-bank-of-the-year-by-the-banker%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\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2570.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"110928\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/mashreq-named-uaes-bank-of-the-year-by-the-banker\/2570-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2570.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2570.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2570.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2570.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110927\" class=\"content-area-description single-story post-110927 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-banking tag-enterpriseam-uae tag-kudos tag-mashreq wpautop entry\">\n\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\"><strong>Our friends at <\/strong><strong>Mashreq <\/strong><strong>were recognized as the UAE\u2019s bank of the year by The Banker<\/strong>, which is part of the Financial Times Group, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7403735100930195457\/\" style=\"\" rel=\"noopener\">post on LinkedIn<\/a>. The award came on the back of factors including the bank\u2019s financial performance, resilience, and product innovation, the statement read.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"110929\" 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=\"110929\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/\">\r\n                            Taqa appoints Adrian Kershaw as CFO + Core42 appoints interim CEO                        <\/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\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/\" 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\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/')\">\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\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/\">\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=Taqa appoints Adrian Kershaw as CFO + Core42 appoints interim CEO&url=https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/\">\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\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/&title=Taqa appoints Adrian Kershaw as CFO + Core42 appoints interim CEO\">\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=Taqa+appoints+Adrian+Kershaw+as+CFO+%2B+Core42+appoints+interim+CEO+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F12%2F12%2Ftaqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo%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\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"110930\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/taqa-appoints-adrian-kershaw-as-cfo-core42-appoints-interim-ceo\/1826-jpg-38\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1826.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110929\" class=\"content-area-description single-story post-110929 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-core42 tag-energy tag-enterpriseam-uae tag-moves tag-taqa tag-tech wpautop entry\">\n\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\"><strong>Taqa <\/strong>has named<strong> Adrian Kershaw (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/adrian-kershaw-7b89b27\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) <\/strong>as its new<strong> CFO<\/strong>, effective from 15 February 2026, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/764.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Currently CFO of Taqa Water Solutions and previously CFO of Al Ain Distribution, Kershaw is a long-time utilities executive with prior roles at Tabreed and Emirates Global Aluminium. He succeeds Steve Ridlington (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/steve-ridlington-4830a413\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who is retiring. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">G42\u2019s cloud and generative AI subsidiary<strong> Core42<\/strong> also tapped <strong>Talal Al Kaissi<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/talal-m-al-kaissi-20059a5\/?lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3BjP%2BO2G1qRmqhqJUKY%2BKWgg%3D%3D\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>interim CEO<\/strong>, replacing <strong>Kiril Evtimov<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kevtimov\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who will step down at the end of the year, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7404772502700421120\/\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. Al Kaissi is currently executive vice president and chief partnerships and government affairs officer at Core42, as well as acting group chief global affairs officer for G42. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/core42\/\">Core42<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taqa\/\">Taqa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/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=\"110931\" 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=\"110931\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/legend-earmarks-aed-500-mn-to-expand-jafza-facility-m42-opens-hospital-in-bahrain\/\">\r\n                            Legend earmarks AED 500 mn to expand Jafza facility + M42 opens hospital in Bahrain                        <\/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\/12\/legend-earmarks-aed-500-mn-to-expand-jafza-facility-m42-opens-hospital-in-bahrain\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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<div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/827.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"110932\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/legend-earmarks-aed-500-mn-to-expand-jafza-facility-m42-opens-hospital-in-bahrain\/827-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/827.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"827.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/827.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/827.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110931\" class=\"content-area-description single-story post-110931 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-agriculture tag-also-on-our-radar tag-artificial-intelligence tag-automotive tag-aviation tag-crypto tag-edge-group tag-emirates tag-energy tag-enoc tag-enterpriseam-uae tag-evs tag-healthcare tag-investment tag-jebel-ali-free-zone-authority tag-manufacturing tag-parkin tag-purehealth tag-sustainability tag-trading tag-uae-china-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Legend<\/strong><strong> Holding plans AED 500 mn Jafza automotive facility expansion: <\/strong>Dubai-based investment group Legend Holding is earmarking AED 500 mn to expand its automotive operations in Jebel Ali FreeZone (Jafza) with a 1 mn sq-ft regional headquarters, motorcycle assembly line, and export hub, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/december\/11-12\/legend-holding-group-to-invest\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The facility will serve as the central base for the firm\u2019s motor arm, Legend Motors, managing vehicle storage, preparation, distribution, and aftersales operations. The production lines will produce as many as 10k electric and non-electric motorcycles as well as 120k vehicles annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>Construction will be delivered in two phases, starting with capacity for 5k vehicles next April before expanding to a multi-story facility handling 20k vehicles by January 2028. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Last month, the firm secured an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/476dc117-0d36-41f4-9be8-b52994a3e2b0\/eshraq-and-agthia-both-take-cases-to-court\" style=\"\" rel=\"noopener\">AED 300 mn investment<\/a> to develop a 1 mn sq-ft mobility facility in Dubai Industrial City, slated for completion in 2027.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge<\/strong><strong> inks US partnership for metal production:<\/strong> State-owned defense firm Edge Group\u2019s Strategic Development Fund signed an initial partnership and investment agreement with US-based Machina Labs to pave the way for a joint venture to produce advanced metal structures in the UAE, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15wz6cn-strategic-development-fund-announces-investment\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement includes an initial investment that could rise to AED 125 mn as both sides assess feasibility to deploy Machina Labs\u2019 capabilities across sectors like aerospace, defense, and mobility, based on sector requirements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new p<\/strong><strong>artner: <\/strong>Machina\u2019s core offering is its RoboCraftsman platform that carries out advanced production tasks like welding, forming, drilling, and assembling, using a robotic manufacturing cell.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M42<\/strong> <strong>enters Bahrain with specialized hospital: <\/strong>G42 healthcare arm M42 launched a long-term care and rehabilitation hospital in Bahrain\u2019s Al Jasra, marking its first facility in the country, according to a <a target=\"_blank\" href=\"https:\/\/m42.ae\/media-resources\/news\/m42-expands-gcc-presence-with-the-inauguration-of-amana-healthcare-bahrain-in-partnership-with-mumtalakat\/\" style=\"\" rel=\"noopener\">press release<\/a>. M42 worked with Bahrain\u2019s sovereign wealth fund Mumtalakat on the 15k sqm Amana Healthcare Bahrain facility, which includes over 100 beds and a team of 250 clinicians, nurses, and therapists.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX-listed healthcare player <\/strong><strong>PureHealth <\/strong><strong>opened the UAE\u2019s largest AI-powered<\/strong><strong> diagnostic laboratory<\/strong>, a 70k sq-ft facility rolled out via its diagnostics platform PureLab, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/purehealth-launches-uaes-largest-and-most-advanced-ai-powered-standalone-diagnostic-laboratory\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. It aims to be a centralized and cost-effective hub where providers can submit tests for analysis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The lab can process over 30 mn samples per year and integrates AI-driven automation, robotics, and real-time quality control across more than 1.8k test parameters. It connects more than 140 accredited facilities and 1.3k healthcare professionals, and will serve national health programs including newborn screening, infectious disease surveillance, oncology diagnostics, clinical pathology, and transplant compatibility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enoc<\/strong><strong> Group expands marine lubricants distribution to Spain + Turkey: <\/strong>Emirates National Oil Company (Enoc) inked an MoU with German-based commodity trading firm HMS Bergbau to distribute Enoc\u2019s marine lubricants portfolio across key markets including Turkey and Spain, according to <a target=\"_blank\" href=\"https:\/\/www.enoc.com\/en\/media-centre\/news-releases\/press-release-detail\/id\/569\/enoc-group-expands-global-footprint-appoints-hms-bergbau-ag-as-marine-lubricants-distributor-for-spain-and-t%C3%BCrkiye?csrt=8440126305187280459\" style=\"\" rel=\"noopener\">a press release<\/a>. The agreement is part of Enoc\u2019s broader plan to supply marine lubricants to over 900 ports globally by year\u2019s end. <\/p>\n<p class=\"tag-border-left\">AGRICULTURE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Desert farming tech coming to Al Ain: <\/strong>Abu Dhabi-based agrifood and tech firm Silal\u2019s Innovation Oasis (iO) signed a collaboration agreement with US farmtech firm Square Roots to boost climate-smart and desert farming technologies in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/silals-innovation-oasis-and-square-roots-sign-landmark-agreement-kdqugljt\" style=\"\" rel=\"noopener\">press release<\/a>. Square Roots will deploy a multi-zone, cloud-connected R&D facility to trial desert-adapted crops, low-light genetics, modular indoor systems, and agri-focused generative AI at iO\u2019s site in Al Ain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also included: <\/strong>The collaboration will localize Square Roots\u2019 next-gen farmer training program for Emirati scientists and growers, and adapt its modular indoor farming setup into a solar-ready configuration designed for smallholder farmers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sirius<\/strong><strong> + Crypto.com partner on sovereign blockchain infrastructure: <\/strong>IHC\u2019s digital arm Sirius International Holding partnered with Crypto.com to integrate Sirius\u2019 ADI blockchain into the cryptocurrency exchange\u2019s platform, according to a <a target=\"_blank\" href=\"https:\/\/crypto.com\/en\/company-news\/sirius-international-holding-and-cryptocom-partner-to-integrate-adi-chain\" style=\"\" rel=\"noopener\">press release<\/a> and a <a target=\"_blank\" href=\"https:\/\/x.com\/cryptocom\/status\/1998747335363363143?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1998747335363363143%7Ctwgr%5E17d589adaf79393eda8c0e4b94eaabd2a4a93766%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcoinlaw.io%2Fcrypto-sirius-adi-chain-uae-tokenization%2F\" style=\"\" rel=\"noopener\">post on X<\/a>. The tie-up aims to boost sovereign-grade digital infrastructure and will also explore rolling out Crypto.com Pay across Sirius portfolio companies, as well as listing Sirius-linked digital assets and other institutional trading options on the exchange. <\/p>\n<p class=\"tag-border-left\">MOBILITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parkin<\/strong><strong> to enter Abu Dhabi: <\/strong>Dubai parking operator Parkin inked a five-year agreement with UAE-based real estate developer Damac Properties to manage some 3.6k parking spaces across the developer\u2019s portfolio in Dubai and Abu Dhabi, according to <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/december\/11-12\/parkin-and-damac\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The contract is set for implementation in 1Q 2026 and marks the operator\u2019s entry into Abu Dhabi. <\/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>dnata<\/strong><strong> boosts cargo handling with EUR 25 mn cargo facility in Milan: <\/strong>UAE-based air services firm dnata invested over EUR 25 mn to develop a cargo facility at Milano Malpensa Airport (MXP), via its subsidiary Airport Handling, according to a <a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/dnata-scales-up-in-milan-with-cargo-expansion\/\" style=\"\" rel=\"noopener\">press release<\/a>. The 10k sqm facility will have a handling capacity of over 100k tonnes per annum and will be able to handle goods including perishables, pharma products, dangerous goods, live animals, aircraft engines, and vehicles. It is slated for completion in September 2027.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/uae\/tag\/enoc\/\">Enoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jebel-ali-free-zone-authority\/\">Jebel Ali Free Zone Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/parkin\/\">Parkin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/purehealth\/\">PureHealth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trading\/\">trading<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-china-relations\/\">UAE-China relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"110933\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"110933\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/emerging-market-private-credit-hits-record-usd-18-bn-this-year\/\">\r\n                            Emerging-market private credit surges to record USD 18 bn as investors hunt safer structures, higher yields                        <\/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\/12\/emerging-market-private-credit-hits-record-usd-18-bn-this-year\/\" 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\" 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alt=\"\" data-attachment-id=\"110934\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/emerging-market-private-credit-hits-record-usd-18-bn-this-year\/157-jpg-57\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"157.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110933\" class=\"content-area-description single-story post-110933 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-debt tag-enterpriseam-uae tag-financial-markets tag-planet-finance tag-private-credit wpautop entry\">\n\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\"> <strong>Lending by private credit firms in emerging markets has surged t<\/strong><strong>o USD 18 bn <\/strong><strong>in 9M 2025<\/strong>, already surpassing the previous full-year record of USD 16 bn in 2022, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/784.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by the Global Private Capital Association. The boom comes amid a pullback in bank lending across Africa, Latin America, and other regions, amid a higher interest rate environment \u2014 especially in countries like Brazil and Turkey \u2014 and stricter capital requirements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emerging-market private credit agreements are also <\/strong><strong>emerging<\/strong><strong> as attractive alternatives to the US market<\/strong>, as private credit transactions tend to be more tightly structured with stronger creditor protections. Average leverage sits at roughly 3x debt-to-earnings vs 4-5x for US transactions, and yields can reach 17%, compared with roughly 10% in the US. Managers such as Ninety One highlight that loans often represent just 30-40% of underlying asset values \u2014 a level of discipline they say has eroded in developed markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bigger agreements, fewer transactions: <\/strong>The USD 18 bn deployed this year was spread across just 221 transactions, compared with USD 14 bn across 408 agreements last year, indicating private credit funds are underwriting larger transactions. The biggest so far is a USD 3.4 bn loan to India\u2019s Shapoorji Pallonji, priced at an almost 20% yield, and another major transaction is the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9c40ea71-55af-4132-9204-a9f117cc2df4\/%253cmark%253etamara%253c%2Fmark%253e-reportedly-in-talks-to-borrow-at-least-usd-1.4-bn\" style=\"\" rel=\"noopener\">USD 1.4 bn<\/a> in financing for Saudi fintech Tamara, led by Apollo and other investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bulk of the funds went to Asia<\/strong>, with GCPA logging USD 9.6 bn in disclosed private credit transaction value across the region so far this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a big opening for private credit in the Middle East: <\/strong>Head of Emerging Market Private Investments at Janus Henderson Yaser Moustafa cited the need for more funding amid positive economic momentum in the region, especially in countries like Saudi Arabia, where bank balance sheets remain stretched, leaving a gap for private credit financing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly in the green this morning<\/strong>, tracking Wall Street gains following the Fed\u2019s interest rate cut yesterday. Japan\u2019s Nikkei is leading gains, with the index up nearly 1%, while Hong Kong\u2019s Hang Seng is up 0.7%, China\u2019s CSI 300 is up 0.2%, and South Korea\u2019s Kospi gained 0.3%. Over on Wall Street, futures paint a mixed picture \u2014 with the S&P 500 hovering below the flatline and Nasdaq down marginally. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,006<\/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: +6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,100<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +18.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,885<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +17.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.7% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.6% 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\">10,716<\/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: -11%)<\/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\">42,034<\/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: +41.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&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\">6,901<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +17.3%)<\/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>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\">9,703<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +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\">5,754<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +17.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 61.28<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.23<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,304.3<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>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\">92,962<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% (YTD: -1.6%)<\/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>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.82<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +9.7%)<\/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>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.68<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: +8.4%)<\/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\">14.85<\/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\">-5.8% (YTD: -13.8%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.3% yesterday<\/strong> on turnover of AED 875.1 mn. The index is up 6.2% 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>Ins. House (+14.1%), Finance House (+10.6%) and Hayah Ins. Company (+7.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Aram Group (-9.1%), Hily Holding (-8.7%) and Alef Education Holding (-2.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.4% on turnover of AED 660.5 mn. Meanwhile, Nasdaq Dubai was up 0.6%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-credit\/\">private credit<\/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=\"110935\" 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=\"110935\">\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\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/12\/from-a-single-suitcase-to-a-global-arabic-luxury-perfume-brand\/\">\r\n                            From a single suitcase to a global Arabic luxury perfume brand: Taif Al Emarat chairman talks craft, reluctance towards external financing, and expansion plans                        <\/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\/12\/from-a-single-suitcase-to-a-global-arabic-luxury-perfume-brand\/\" 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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Two decades later, the business he built out of that suitcase has grown into a luxury Arabic perfume brand with presence across 12 countries that still carries its origins from Lebanon \u2014 but now, with a distinct Emirati spirit and brand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Each week, My Morning Routine looks at <\/strong><strong>how a successful member of the community starts their day<\/strong> \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is Abdul Baki (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/haitham-abdul-baki-a99a55201\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), chairman of <a target=\"_blank\" href=\"https:\/\/taifalemarat.com\/en\" style=\"\" rel=\"noopener\">Taif Al Emarat<\/a>. Edited excerpts from our conversation:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: What got you into the perfume business? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Haitham Abdul Baki:<\/strong> I\u2019m from Mount Lebanon, and my family business was planting and selling flowers. In some seasons, a lot of what was planted was discarded when demand was low, so I wanted to make use of the discarded plants by extracting oil and a fragrance essence from them through distillation. I used flowers like jasmine and gardenia, and extracts from lemon trees and cloves, and tried to package them and sell them in Lebanon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was difficult to scale production because the amount of oil that you can extract from plants is very little<\/strong>, so you need huge volumes of plants, and it\u2019s a costly process. In 2002, I decided to come to the UAE \u2014 just me and my suitcase \u2014 and it was at the early stages of its boom as a trading hub \u2014 and tried to start selling what I had there. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our product was completely natural<\/strong>, as opposed to products that are more chemical-based here in the UAE, which I think piqued interest from a lot of customers. Products that would have been viewed as too expensive in Lebanon were easily sold in the UAE to a market that values natural products and has much higher purchasing power. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We sold a lot more than expected in a span of three weeks<\/strong>, so we started developing the product, and began to get a lot of requests from customers to mix our floral scents with oud or amber, which is of course very popular here.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We started doing this<\/strong> <strong>and one of our signature scents \u2014 which we had named Taif at the time \u2014 became very popular<\/strong> and became the inspiration behind what became our brand name, Taif Al Emarat. We now have around 75 stores across 12 countries. We also have three subsidiaries, which together have about 25 branches as well. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: You said natural and organic-based perfumes were pretty rare in the past in this market. I assume that has changed over time \u2014 have you had to pivot or find a way to maintain competitiveness over time? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HA: Competition is healthy, in any industry.<\/strong> In this industry, the land from which you source your material leaves a big stamp on the final product \u2014 and even if you source that same plant and plant it in a different soil, it will never produce the same scent. The soil determines the scent \u2014 to the extent that some customers can\u2019t tell what the origin of the fragrance is because of how different it smells from place to place. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alcohol can also be extracted from several sources<\/strong>, and we use the most expensive one, which is extracted from sugarcane. We distill it in our own facilities, in Lebanon and in Turkey, and we import materials from Lebanon, from which the plants from the base of all our perfumes, along with Bulgaria, Iran, Poland, and other countries \u2014 so we have a diversified supply chain, but our Lebanese origin is what makes us distinct<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Something else that helps distinguish our products is the technique through which we distill and extract our essence, as well as our sourcing<\/strong> \u2014 most brands in the Arab world that produce floral fragrances use a second or third distillation, which helps extract more oil, but the oil is less concentrated and long-lasting. We always use the first distillation, and we use natural resources, and we think this commitment to top-tier quality is what keeps us relevant and attractive. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: How did you fund the business at the start? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HA: I learned from my mother early on not to depend on external funding like bank loans and in general stay away from riba.<\/strong> For me, if I don\u2019t have the funds, I don\u2019t invest; if I do, then I will. This is why our business took longer to take off, and it was purely through organic growth, with the income from the business repurposed for growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yes, it requires more patience. <\/strong>But for me, this is business; you can\u2019t have a strong business that is built on a trade \u2014 like perfumes \u2014 without patience and consistency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: The perfume business is pretty timeless. But are there any trends that you think could disrupt the industry in the near future? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HA: We\u2019ve been preparing for 2026 since early 2025. <\/strong>It\u2019s crucial in this business to do plenty of research early on to make sure we\u2019re ahead of trends. This is especially true in a business like perfumes, which at the end of the day is a luxury. It\u2019s not an essential. In order to maintain customers\u2019 loyalty, we have to consistently innovate and think of ways to keep them coming. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also try to find plants and resources that are rare in the market<\/strong>, and we store them and play with them and see how to make use of them. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Where do you see Taif Al Emarat a few years down the line? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HA: My goal in 2017 was to have our own factory that we own \u2014 not a lease. <\/strong>We achieved that in 2023. The factory produces 1.2k units every hour, and my goal is to develop a new factory that\u2019s 4x the size of our existing one, that will allow us to scale production and expand to markets like the US and Europe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: How do you sell such an authentically Arab product to European and American customers?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HA: We do extensive research of our markets before making the move to expand there. <\/strong>We try to see which markets are interested in luxury Arabic perfumes, and we tailor the products accordingly. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the US, we conducted focus groups to see how our products are received and how we can work on them for that market. <\/strong>We can\u2019t go in blindly with the same products that we sell in the Arab world. We retain the original Arabic essence that\u2019s in all of our perfumes, but we adjust the intensity and create a mix of fragrance notes that caters to their taste. <strong> <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Onto the crux of this interview \u2014 what\u2019s your morning routine? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HA: I usually sleep between early, between 11pm and 12am<\/strong>, and I make sure to clear my inbox \u2014 and WhatsApp \u2014 before I sleep and flag anything that is less urgent for the following morning, so every morning I start the day knowing what my priorities are. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Once I\u2019m at the office, I try to allocate time to the departments that need it the most<\/strong>, where there\u2019s gaps in performance or issues. I also monitor the CCTV throughout the day and see how the stores are operating across the countries where we operate. This is super important \u2014 it\u2019s a litmus test to see how healthy the business is and what are the issues operationally that could affect it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our manufacturing facilities operate at this point as a well-oiled machine.<\/strong> Their systems operate smoothly with minimal interference, so most of my focus goes towards what happens after the product is ready \u2014 at the retail stage. <\/p>\n<p class=\"tag-border-left\">Haitham\u2019s recommendations <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What he\u2019s reading: <\/strong>I really enjoy the stories of the prophets \u2014 the story of Prophet Yunus, for example. They help ground me and take me back to simpler times, and give me a lot of positive energy and hope. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>His favorite way to disconnect: <\/strong>Spending time with my kids. As soon as I run into issues at work or I start to stress out, I turn off my phone and take my kids out, either on a safari or to a nice restaurant. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>His advice: <\/strong>You don\u2019t have to be an entrepreneur to be successful; all you need is a goal. You need to be focused, and commit. It\u2019s not about building a business for the sake of it. Find what you\u2019re good at, make sure you have a strategy, and enough funds to start comfortably so you can sustain yourself. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/retail\/\">retail<\/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=\"110937\" 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\/12\/110937\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-110937\" class=\"content-area-description single-story post-110937 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>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 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>12 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-01\/us-moves-to-deepen-minerals-supply-chain-in-ai-race-with-china\" style=\"\">US Pax Silica Summit<\/a><\/span><span style=\"font-weight:400;\">, White House, Washington DC. <\/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>15 December (Monday): Investopia heads to Dublin, Ireland.<\/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<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2H 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Closing of XRG's acquisition of Covestro.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY 2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 January: Client asset regime changes in Dubai International Financial Center take effect. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>4-6 February (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/forums.menamoney.org\/product\/test-arab-actuarial-conference-2026\/\" style=\"\">Arab Actuarial Conference<\/a><\/span><span style=\"font-weight:400;\">, Millennium Plaza Downtown Hotel, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>10-11 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/forbesmiddleeastevents.com\/top-advisors-investors-summit-abu-dhabi\/\" style=\"\">Top Advisors and Investors Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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 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>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>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><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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><\/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;\">11-15 May (Monday-Friday): Dubai Future Finance Week, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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><\/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;\">DECEMBER 2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-4 December (Wednesday-Friday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unwater.org\/news\/2026-un-water-conference\" style=\"\">UN Water Conference<\/a><\/span><span>, UAE.<\/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 style=\"font-weight:400;\">The UAE to host the Arab Competition Forum;<\/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\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>. India\u2019s Cyient acquires Abu Dhabi firm | Adia backs ICICI Prudential | USD 200 mn for Abu Dhabi\u2019s media sector<\/p>\n","protected":false},"featured_media":110913,"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-110912","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"10f1bc97-51ea-48cf-a77a-94bfedb74843","teaser":". India\u2019s Cyient acquires Abu Dhabi firm | Adia backs ICICI Prudential | USD 200 mn for Abu Dhabi\u2019s media sector","photo_url":"https:\/\/ent.news\/2026\/1\/44.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE attends Pax Silica Summit as US eyes coalition on critical minerals - 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\/uae-attends-pax-silica-summit-as-us-eyes-coalition-on-critical-minerals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE attends Pax Silica Summit as US eyes coalition on critical minerals\" \/>\n<meta property=\"og:description\" content=\". 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