{"id":112219,"date":"2026-03-05T00:00:00","date_gmt":"2026-03-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=112219"},"modified":"2026-03-05T03:08:32","modified_gmt":"2026-03-05T03:08:32","slug":"sell-off-hits-the-dfm-and-adx-on-their-first-day-back","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/sell-off-hits-the-dfm-and-adx-on-their-first-day-back\/","title":{"rendered":"Sell-off hits the DFM and ADX on their first day back"},"content":{"rendered":"<section id=\"112221\" 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=\"112221\">\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\/2026\/03\/05\/this-morning-the-uaes-non-oil-pmi-hit-a-12-month-high-in-feb-firms-signal-business-as-usual-amid-ongoing-conflict\/\">\r\n                            THIS MORNING: The UAE\u2019s non-oil PMI hit a 12-month high in Feb + firms signal business as usual amid ongoing conflict                        <\/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\/2026\/03\/05\/this-morning-the-uaes-non-oil-pmi-hit-a-12-month-high-in-feb-firms-signal-business-as-usual-amid-ongoing-conflict\/\" 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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As of today, a total of 78 people have been <a href=\"https:\/\/www.facebook.com\/modgovae\/posts\/the-ministry-of-defence-announced-that-uae-air-defence-systems-successfully-inte\/1222199096764481\/\" target=\"_blank\" rel=\"noopener\">injured<\/a> since the start of the attacks.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The (listed) business community has a message for you: It\u2019s BAU: <\/strong>Nearly every issuer on ADX and DFM filed a disclosure yesterday to reassure investors that business continuity plans are in place and everything is operating as normal.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>From Adnoc\u2019s subsidiaries to Du and the country\u2019s port operators, everyone emphasized <\/strong><strong>\u201cfinancial resilience\u201d and stability.<\/strong> AD Ports even <a href=\"https:\/\/ent.news\/2026\/3\/260.pdf\" target=\"_blank\" rel=\"noopener\">pointed to potential tailwinds (pdf)<\/a> as it said shifting trade routes could increase volumes across its global maritime network, clarifying that most of its 122-vessel maritime and shipping clusters operate outside the Strait of Hormuz.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Also checking in <\/strong>with customers and shareholders:<\/p>\n<ul>\n<li><strong>DP World\u2019s terminals at Jebel Ali Port are operating normally<\/strong>, state news agency <a href=\"https:\/\/www.wam.ae\/en\/article\/bz190lh-all-jebel-ali-terminals-are-operating-normally\" target=\"_blank\" rel=\"noopener\">Wam<\/a> reports. The port operator has rolled-out enhanced security measures. DP World had <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/02\/adx-dfm-are-closed-today-and-tomorrow-as-regulatory-body-assesses-the-situation\/\" target=\"_blank\" rel=\"noopener\">suspended operations<\/a> at the facility earlier this week.<\/li>\n<li><strong>Taqa has confirmed that operations across the nation continue as normal<\/strong>, including power generation, desalination, transmission, distribution, and wastewater services, <a href=\"https:\/\/www.wam.ae\/en\/article\/173s8nv-taqa-confirms-operations-across-its-uae-entities\" target=\"_blank\" rel=\"noopener\">Wam<\/a> adds.<\/li>\n<\/ul>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Outside the UAE, some regional heavyweights have invoked force majeure in their <\/strong><strong>contracts<\/strong>, including QatarEnergy and Aluminium Bahrain, a sign that the war is hitting the commodities industry hard.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Still, there was a selloff in equities<\/strong>, with most names on the DFM and ADX falling at the opening bell. Markets closed the day lower \u2014 and each settled short of the -5% limit officials imposed before the day began.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">^^ We have the rundown on yesterday\u2019s trading and thoughts on what to expect when markets again later this morning in this morning\u2019s Big Story Today.<\/p>\n<p class=\"tag-border-left\">PSA<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt1\"><\/a> <strong>School<\/strong><strong> is out early: Spring break starts this coming Monday. <\/strong>The Education Ministry and Higher Education Ministry have fast-tracked the 2026 spring break to start on Monday, 9 March, according to a <a href=\"https:\/\/x.com\/uaemediaoffice\/status\/2029176720084103494?s=48&amp;t=joiBqcgDVUSTYywZ4_DCaA\" target=\"_blank\" rel=\"noopener\">post on X<\/a>. The holiday, <a href=\"https:\/\/www.khaleejtimes.com\/uae\/education\/uae-public-private-schools-calculate-term-2-grades-assessments-projects-assignments\" target=\"_blank\" rel=\"noopener\">originally scheduled to start on 16 March<\/a>, applies to all private and public schools and universities in the UAE. The two-week break will last until Sunday, 22 March, with all students and staff set to return on Monday, 23 March.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>WEATHER- <\/strong>Look for a high today of 27\u00b0C in Dubai and 26\u00b0C in Abu Dhabi along with overnight lows in the 22-23\u00b0C range.<\/p>\n<p class=\"tag-border-left\">How to get out of Dodge<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>#1- <\/strong><strong>Some people are still in \u201cGet out of Dodge\u201d mode despite the relative calm. <\/strong>The road from the UAE to Oman is jammed with traffic, prompting <a href=\"https:\/\/x.com\/omanair\/status\/2029195031513579929?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" target=\"_blank\" rel=\"noopener\">Oman Air<\/a> to advise a 12-hour buffer for people arriving in Oman from the UAE for a flight.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>#2- <\/strong><a id=\"kix.mdotc1k8u450\" target=\"_blank\" rel=\"noopener\"><\/a> <strong>Some visa application services have reopened:<\/strong> Operations at Dubai\u2019s VFS Global center are partially resuming. New visa applications are still suspended for most countries, but the UK started accepting new applications yesterday, with online appointment booking and rescheduling enabled. Germany, France, Austria, and the Netherlands are now returning passports they already had in hand. Customers with existing appointments will be contacted to reschedule.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>#3- <\/strong><strong>Stranded <\/strong><strong>travelers are exempt from delayed departure fines: <\/strong>The Federal Authority for Identity, Citizenship, Customs, and Ports Security has written off any late-departure fines for individuals who were unable to travel since 28 February, <a href=\"https:\/\/www.wam.ae\/en\/article\/bz190lg-federal-authority-for-identity-citizenship-waives\" target=\"_blank\" rel=\"noopener\">Wam<\/a> reports. This applies to folks with visit, tourist, and exit visas as well as folks who cancelled their residency permits.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>#4- The Abu Dhabi-Saudi passenger line <\/strong><strong><a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/04\/this-morning-schools-still-out-markets-open-today-for-the-first-time-since-the-war-hit\/\" target=\"_blank\" rel=\"noopener\">trial<\/a><\/strong><strong> just became operational: <\/strong>National passenger railway operator Etihad Rail confirmed it carried 350 passengers on a service between Al Ghuwaifat on the Saudi border and Al Faya in Abu Dhabi, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/exceptional-operation-transports-more-than-350-passengers-between-al-ghuwaifat-and-al-faya-vv5drcv5\" target=\"_blank\" rel=\"noopener\">press release<\/a>. Etihad ran a test on the route earlier this week.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>BACKGROUND- <\/strong>The rail service hasn\u2019t officially launched, but the operator announced it had completed a full set of stations <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/09\/this-morning-new-seven-stations-announced-for-etihad-rail-apollo-go-gets-driverless-trial-permit-in-dubai\/\" target=\"_blank\" rel=\"noopener\">in January<\/a>. It is set to connect 11 cities this year and add seven new stations in later phases.<\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt4\"><\/a> <strong>REAL<\/strong><strong> ESTATE \u2014 Ongoing war sends shockwaves through global real estate <\/strong><strong>markets: <\/strong>Speakers from sovereign wealth funds including Mubadala and the Qatar Investment Authority withdrew from this week\u2019s Pere Asia Summit, Singapore\u2019s most prominent real estate conference, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/real-estate-executives-say-deals-at-risk-from-middle-east-crisis\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports. You can thank the suspension of flights.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The conflict has frozen expansion plans into the Gulf<\/strong>, with La Caisse Managing Director Josephine Yip confirming that the Canadian pension giant is temporarily pausing its exploration of Middle East real estate projects.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Investor sentiment is also wavering<\/strong>, with BlackRock\u2019s Asia-Pacific real estate head Hamish MacDonald noting that no new agreements are being finalized. A drawn-out conflict could drive up inflation and borrowing costs, with incoming Fed Chairman Kevin Warsh warning that the US-Israel-Iran conflict has added a new level of uncertainty.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DEBT \u2014 Chinese financial institutions are scaling back their exposure to Middle <\/strong><strong>Easter<\/strong><strong>n debt <\/strong>and keeping their eye on their regional portfolios, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/chinese-bank-halts-abu-dhabi-loan-as-creditors-cut-mideast-risk\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports. Regulators in Beijing and Hong Kong have reportedly directed lenders to audit their exposure to Middle Eastern sovereign and state-linked bonds, including those from heavyweights such as Saudi Aramco.<\/p>\n<p><strong>The impact: <\/strong>A major Chinese bank recently restricted a drawdown on a bilateral loan for an Abu Dhabi government entity, a source said, while others are reportedly trying to offload portions of ADQ\u2019s USD 4 bn syndicated facility from last year.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt3\"><\/a> <strong>MEANWHILE- The <\/strong><strong>UAE is projected to lead GCC loan growth<\/strong> <strong>at 12%<\/strong>, as well as average operating net income at 3.4%, according to <a href=\"https:\/\/www.fitchratings.com\/research\/banks\/gcc-banks-are-well-buffered-against-iran-conflict-credit-risks-03-03-2026\" target=\"_blank\" rel=\"noopener\">Fitch Ratings<\/a>. This suggests that despite regional tensions, the UAE banking sector is still aggressively deploying capital. However, its Stage 3 (non-performing) loans remain at 3%, higher than the KSA and Kuwait averages.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER-<\/strong> GCC banks have seen <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/04\/capital-outflows-to-be-expected-in-the-near-term-as-war-dents-the-uaes-safe-haven-status-analysts-say\/\" target=\"_blank\" rel=\"noopener\">modest outflows<\/a> so far.<\/p>\n<p class=\"tag-border-left\">Oil watch<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Traffic through the Strait of Hormuz has dropped by more than 95% since the outbreak of <\/strong><strong>the conflict<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/hormuz-tracker-traffic-comes-to-a-near-halt-amid-signal-fog\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports, with the waterway now rife with signal jamming and disabled transponders. Over 140 ships are <a href=\"https:\/\/enterpriseam.com\/logistics\/2026\/03\/04\/iran-vows-to-attack-any-vessel-transiting-hormuz-gcc-energy-infrastructure-targeted\/\" target=\"_blank\" rel=\"noopener\">sitting idle<\/a> in the strait. One tanker did make it through to the UAE's Jebel Dhanna port yesterday, per <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/tanker-heads-uae-port-via-strait-hormuz-load-oil-sources-say-2026-03-04\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> \u2014 it smells more like a one-off than a signal that we\u2019re returning to normal. A vessel off Fujairah was struck by a projectile of unknown origin shortly after, per <a href=\"https:\/\/www.ukmto.org\/-\/media\/ukmto\/products\/20260304-ukmto_warning_010-26.pdf\" target=\"_blank\" rel=\"noopener\">UKMTO<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The blockade is already backing up the system:<\/strong> Fujairah bunker suppliers have declared force majeure, <a href=\"https:\/\/www.argusmedia.com\/en\/news-and-insights\/latest-market-news\/2796111-uae-s-fujairah-bunker-suppliers-declare-force-majeure\" target=\"_blank\" rel=\"noopener\">Argus<\/a> reports, after drone debris hit the Fujairah Oil Industry Zone <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/04\/attacks-continued-to-hit-the-uae-on-day-four-of-the-us-israel-iran-war-but-officials-urged-calm\/\" target=\"_blank\" rel=\"noopener\">earlier this week<\/a> \u2014 jeopardizing the UAE's only bypass around Hormuz.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Regional oil storage is filling fast<\/strong> and JPMorgan has warned that the UAE and Saudi Arabia may have to slash production within weeks, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/oil-storage-is-filling-fast-in-middle-east-with-hormuz-blocked\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports. <strong>Iraq is already there:<\/strong> it paused production at its biggest field and is suspending crude shipments through the Kirkuk-Ceyhan pipeline to Turkey, pulling c.200k bbl \/ d from global markets. The UAE\u2019s Dana Gas has suspended production at Iraq\u2019s Khor Mor field due to security concerns, it said in a <a href=\"https:\/\/ent.news\/2026\/3\/268.pdf\" target=\"_blank\" rel=\"noopener\">statement (pdf)<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>What to watch:<\/strong> Dubai crude <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/middle-east-oil-prices-soar-after-platts-excludes-gulf-loadings\" target=\"_blank\" rel=\"noopener\">benchmark prices<\/a> spiked after Platts excluded Arabian Gulf loadings from its pricing. TotalEnergies bid for May-loading Dubai oil at USD 12 \/ bbl above benchmark on Platts' market-on-close platform \u2014 versus USD 1 \/ bbl a week earlier. <strong>Asian buyers including Japan, South Korea, and India <\/strong><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/asian-energy-buyers-under-stress-as-middle-east-war-drags-on\" target=\"_blank\" rel=\"noopener\">are already feeling it<\/a><\/strong> even though physical crude and LNG flows haven\u2019t been fully severed yet. Analysts expect strategic stockpiling and a push to renegotiate contracts with more flexibility to swap cargoes if regional transit stays untenable.<\/p>\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>US President Donald Trump is <\/strong><strong><a href=\"https:\/\/www.wsj.com\/livecoverage\/iran-us-israel-conflict-2026?mod=WSJ_home_supertoppertop_pos_1\" target=\"_blank\" rel=\"noopener\">\u201cactively considering\u201d<\/a><\/strong><strong> his administration\u2019s role in Iran <\/strong><strong>after the war<\/strong>, as the Senate turned down a resolution geared toward limiting his military operations in the Islamic Republic. It is not yet clear what this role will be upon the completion of the campaign, which is going \u201cvery well,\u201d Trump said.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The war in the region has thrown a <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2026\/03\/04\/iran-israel-us-war-middle-east-conflict-oil-gas-lng-surge-central-banks-inflation-risk.html\" target=\"_blank\" rel=\"noopener\">wrench in the policymaking<\/a><\/strong><strong> of central banks<\/strong>, which must now reckon with resurgent inflation risks and soaring crude prices. Asian economies remain especially vulnerable, as most crude shipped via the Strait of Hormuz is Asia-bound.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>MEANWHILE- <\/strong>China <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/china-softens-gdp-goal-to-range-of-4-5-to-5-as-growth-slows\" target=\"_blank\" rel=\"noopener\">has penciled in<\/a> growth of 4.5-5% for 2026, a step down from last year\u2019s 5% and its most modest growth target in more than three decades.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>AND- <\/strong>Apple <a href=\"https:\/\/www.apple.com\/newsroom\/2026\/03\/say-hello-to-macbook-neo\/\" target=\"_blank\" rel=\"noopener\">unveiled<\/a> its most affordable laptop ever \u2014 the MacBook Neo. The lightweight device is the company\u2019s first low-cost offering in more than a decade, with prices starting at USD 599.<\/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: bold\">Enterprise<\/b> daily<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/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 class=\"btn-green px-3 d-flex align-items-center\" href=\"\/egypt\/en\/user\/NewsLetters\" target=\"_blank\" rel=\"noopener\">Subscribe here<\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">***<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;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;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;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 href=\"mailto:UAE@enterpriseAM.com\" target=\"_blank\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\" target=\"_blank\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a href=\"https:\/\/enterprise.news\/ksa\/en\" target=\"_blank\" rel=\"noopener\">Saudi Arabia<\/a><\/strong>, and the MENA <a href=\"https:\/\/enterprise.news\/logistics\/en\" target=\"_blank\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">***<\/p>\n<p class=\"tag-border-left\">Circle your calendar<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dana-gas\/\">Dana Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-gas\/\">Oil &amp; 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Heavyweights including Emirates NBD, Emaar, and Salik hit the temporary 5% downside limit almost immediately after markets opened.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From the trading desk:<\/strong> The sell-off is not a reflection of shifting fundamentals, but a \u201cpurely sentiment-driven\u201d reaction to regional uncertainty, George Khoury, global head of research at CFI Financial Group, tells EnterpriseAM. He characterized the drop as an \u201cexpected and anticipated\u201d reopening shock where \u201cinvestors react to uncertainty first.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expat liquidity trap:<\/strong> \u201cOutflows were noticed mostly in real estate and financials names, with flows being held mostly in cash,\u201d Khoury said. \u201cIn a country where expats play a major role, any geopolitical tension creates liquidity concerns,\u201d he explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM real estate index was down 4.92% yesterday<\/strong>, while financials shed 4.38%, according to <a target=\"_blank\" href=\"https:\/\/marketwatch.dfm.ae\/\" style=\"\" rel=\"noopener\">market data<\/a>. All DFM indices were in the red, except for materials, which gained 2.38%. National Cement Company was the only company that made gains (2.38%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the ADX, only five companies were in the green<\/strong>, while the majority hit the 5% downside circuit breaker, and a few remained flat, according to <a target=\"_blank\" href=\"https:\/\/www.adx.ae\/en\/main-market\" style=\"\" rel=\"noopener\">market data<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The counter call: Despite the volatility, Cantor Fitzgerald is urging clients to buy the dip.<\/strong> In a note to clients picked up by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-04\/cantor-bullish-on-emirates-banks-despite-middle-east-conflict?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, our friend Kato Mukuru gave seven UAE lenders \u201coverweight\u201d ratings, calling them \u201clow-risk, high-return\u201d investments. Mukuru argues that while regional escalation brings \u201csubstantial near-term risk,\u201d the long-term investment thesis remains anchored by the UAE\u2019s commitment to positioning itself as a \u201chaven\u201d and strong economic fundamentals. Cantor is particularly bullish on Rakbank, First Abu Dhabi Bank, and Abu Dhabi Islamic Bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Does safe-haven status still hold? <\/strong>\u201cThe underlying macro fundamentals and leading company and sector profiles, viewed from a bottom-up perspective, are both resilient, so the current moves are a temporary divergence that might last till the conflict cools down,\u201d Century Financial Chief Investment Officer Vijay Valecha said in a note seen by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Dubai\u2019s index rallied to a 2006 high earlier in February, while both the DFM and ADX have been attractive to investors looking for that elusive mix of both stability and emerging-markets flavoured growth. The problem now: Dubai\u2019s equity market is the \u201conly one among the larger GCC ones which has significant foreign ownership,\u201d making it particularly vulnerable and exposed to foreign outflows, Hasnain Malik, an emerging markets equity and geopolitics strategist at research firm Tellimer, told the business information service. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- We <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/04\/capital-outflows-to-be-expected-in-the-near-term-as-war-dents-the-uaes-safe-haven-status-analysts-say\/\" style=\"\" rel=\"noopener\">reported yesterday<\/a><\/strong><strong> that moderate capital outflows <\/strong><strong>were<\/strong><strong> expected<\/strong>, as Iran\u2019s unprecedented strikes on the UAE spook foreign investors and expats and tarnish the UAE\u2019s well-cultivated \u201csafe haven\u201d image.<\/p>\n<p class=\"tag-border-left\">What to watch <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Volatility is likely here to stay<\/strong>, Valecha said. \u201cAny adverse developments would negatively impact the markets, and if the situation stabilizes, dip buyers might return,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mukuru expects the market to remain weak in the immediate term<\/strong> but says this \u201cshould open up some interesting [windows] for those who believe in the long-term equity story.\u201d Meanwhile, Khoury argues that the week ahead will be \u201crange-bound with limited upside,\u201d as the market waits to see if regional tensions escalate or stabilize. If tensions don\u2019t escalate, the current fear-driven sell-off could quickly shift into an \u201copportunistic\u201d window for buyers, Khoury noted.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/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=\"112225\" 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=\"112225\">\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\">DEFENSE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/iranian-drone-attacks-show-gcc-needs-to-rethink-air-defense\/\">\r\n                            The brutal math of drone warfare                        <\/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\/2026\/03\/05\/iranian-drone-attacks-show-gcc-needs-to-rethink-air-defense\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li 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class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Iranian drone and missile strikes across the GCC are<\/strong><strong> accelerating a shift in regional defense investment priorities. <\/strong>The UAE says it has faced <a href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-faced-over-1000-iranian-attacks-more-than-all-other-countries-combined\" target=\"_blank\" rel=\"noopener\">more than 1k Iranian attacks<\/a> \u2014 including over <a href=\"https:\/\/www.wam.ae\/en\/article\/bz0nkqp-uae-air-defences-intercept-ballistic-missiles-123\" target=\"_blank\" rel=\"noopener\">800<\/a><a href=\"https:\/\/breakingdefense.com\/2026\/03\/iran-attacks-uae-saudi-missiles-drones-gcc-air-defense\/\" target=\"_blank\" rel=\"noopener\">drones<\/a><a href=\"https:\/\/www.wam.ae\/en\/article\/bz0nkqp-uae-air-defences-intercept-ballistic-missiles-123\" target=\"_blank\" rel=\"noopener\">and nearly 200 ballistic missiles<\/a> \u2014 exposing the vulnerability of the region\u2019s commercial hubs and energy lifelines.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In other words: <\/strong>The shooting war isn\u2019t over, but investors in the defense industry already see the development of what amounts to a new asset class.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The problem: <\/strong>Traditional air and missile defense systems work, but they cost a fortune compared to low-cost asymmetric swarms. An Iranian Shahed drone can cost as little as USD 20k-100k to manufacture, while the interceptor missiles used to take them down \u2014 including Patriot PAC-3 or Thaad \u2014 can run USD 3-12 mn per shot. The ongoing attacks also underscore how difficult it is to protect critical infrastructure without causing significant collateral damage.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cThe cost asymmetry is stark and increasingly impossible to ignore<\/strong>,\u201d Malcolm Lyne, director of defense and national security consulting at EY Middle East, tells EnterpriseAM. \u201cThis ratio is strategically unsustainable at scale, and UAE planners know it.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Why you should listen to Lyne: <\/strong>Lyne advises governments across the region on defense strategy and national security industrial policy.<\/p>\n<p class=\"tag-border-left\">The asymmetric threat<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cEvery defense ministry on the planet is having the same conversation right now<\/strong>,\u201d <a href=\"https:\/\/masnavc.com\/\" target=\"_blank\" rel=\"noopener\">Masna<\/a><a href=\"https:\/\/masnavc.com\/\" target=\"_blank\" rel=\"noopener\">Ventures<\/a> CEO Lucien Zeigler tells EnterpriseAM. Strikes across the Gulf are the culmination of a threat that operators and defense technologists have been tracking for years. \u201cWhat we're witnessing is a stark wake-up call that the future of warfare is drone-first,\u201d Zeigler says, adding that while the war in Ukraine brought drone warfare to global feeds, the 2019 attacks on Saudi Arabia\u2019s Abqaiq and Khurais facilities were \u201cthe opening chapter.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cWe\u2019re seeing a global shift in doctrine<\/strong>,\u201d Lyne said, noting that \u201cUkraine has provided arguably the most live data on this challenge.\u201d On the battlefield, Kyiv has leaned heavily on electronic warfare and cheaper counter-drone systems rather than multi-mn-USD interceptors \u2014 exactly the kind of playbook Gulf militaries are now studying.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Israel\u2019s air defense system is another example: <\/strong>\u201cIsrael\u2019s layered air defense model \u2014 integrating Iron Dome for short-range threats, David\u2019s Sling for medium-range, and Arrow for ballistic missiles \u2014 is being studied closely across the Gulf as a template for tiered, cost-calibrated response,\u201d Lyne added.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The window spans both hardware and software <\/strong>\u2014 manufacturing what the industry calls counter-UAS (C-UAS) systems alongside interoperable software layers that allow radar, interceptors, and electronic warfare tools to coordinate in real time.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The good news: The UAE isn\u2019t starting from scratch. <\/strong>It already operates what Lyne describes as \u201cprobably the most mature layered defense system across the GCC,\u201d integrating platforms like Thaad, Patriot, and shorter-range C-UAS defenses. It\u2019s also already orchestrating a major localization push for defense manufacturing and diversifying its supply chain with defense partnerships with countries across the world.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>BACKGROUND-<\/strong> Abu Dhabi-based defense conglomerate Edge Group, created in 2019 by consolidating more than two dozen entities, has rapidly expanded into unmanned systems, electronic warfare, and loitering munitions. Subsidiaries including Halcon and Calidus are already producing export-ready platforms \u2014 early signals of a defense ecosystem designed not just to equip the UAE military but to compete internationally, Lyne says.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>So what\u2019s the problem? <\/strong>The core issue today is that civilian infrastructure is struggling to defend against \u201clower threshold Group 3 drone attacks,\u201d Principal Investor at Cosmic Capital Natasha Ahmed tells us. While regional partners have an adequate supply of interceptor missiles, they are the wrong tool for the job, Ahmed argues.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>SOUND SMART- <\/strong>When defense operators talk about \u201cGroup 3\u201d drones, they aren't talking about off-the-shelf commercial quadcopters or massive, high-altitude military aircraft. Group 3s sit in the middle: they weigh anywhere from 56 to 1.3k lbs, fly under 18k ft, and cruise at speeds up to 250 knots.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Iran\u2019s Shahed-136 is the poster child for this class <\/strong>\u2014 they\u2019re cheap enough to be deployed in massive, swarming barrages but carry explosive payloads heavy enough to cripple critical energy and civilian infrastructure.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>It only takes one: <\/strong>Even with high interception rates, the sheer volume of attacks changes the equation. \u201cHere\u2019s the brutal math: it only takes one or two out of a 100 getting through to cause real damage, real disruption, real impact on a population or an economy,\u201d Zeigler says.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Drones turned the GCC\u2019s entire economic footprint into a frontline.<\/strong> Beyond traditional oil and gas targets, the USD 20k-a-pop munitions are being used to hit commercial logistics and tech infrastructure, including Amazon data centers in the UAE and Bahrain, the oil port of Fujairah, and maritime facilities in Oman's Duqm and Salalah ports.<\/p>\n<p class=\"tag-border-left\">Air defenses that don\u2019t suck for people on the ground<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Defending civilian centers requires what industry players call \u201clow collateral <\/strong><strong>mechanisms\u201d<\/strong> \u2014 a euphemism for ways of knocking drones out of the sky without relying on ammunition or missiles. Companies in the sector are now heavily focused on layered defenses that integrate so-called non-kinetic options.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Uhm, Enterprise? What\u2019s a \u201cnon-kinetic option\u201d in normalspeak? <\/strong>Think lasers and other \u201cdirected-energy\u201d weapons. Think lasers that burn drones out of the sky and high-powered microwaves that fry their robot brains mid-flight.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>They also offer near-zero cost per shot once deployed.<\/strong> \u201cExpect the UAE\u2019s [Defense Ministry] to increasingly invest in directed energy weapons (lasers, high-powered microwave systems),\u201d Lyne tells us.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The appeal is obvious: <\/strong>Lasers don\u2019t run out of ammunition. Once powered, they can keep firing at a fraction of the cost of traditional interceptors.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The catch: <\/strong>Most directed-energy systems still require massive power supplies, which makes them difficult to deploy in mobile environments \u2014 and easy targets if rooted in place.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The way forward: <\/strong>The next 5-10 years will see investors pour money into developing \u201cmore mobile and efficient systems that are smaller in size,\u201d according to Ahmed.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Interoperability is key:<\/strong> Investors are eyeing the \u201ccoordination and orchestration of counter-drone\u201d systems, specifically the \u201cinteroperability piece, the software layer that would allow regional partners to collaborate,\u201d Ahmed notes. Zeigler echoes this, while acknowledging it\u2019s too early to say what happens next. \u201cWhat is clear is that the threat environment now demands it. [...] When your neighbor is intercepting the same drone family that just hit your oil facility, the conversation about shared early warning systems and C-UAS collaboration stops being theoretical,\u201d according to Zeigler.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The financial momentum backing this shift is huge. <\/strong>The global C-UAS market is projected to skyrocket in value from roughly USD 5.12 bn in 2025 to nearly USD 25 bn by 2032, driven almost entirely by the <a href=\"https:\/\/www.marknteladvisors.com\/research-library\/counter-unmanned-aerial-system-market.html\" target=\"_blank\" rel=\"noopener\">rapid growth of drone threats<\/a> and the need for mitigation and neutralization systems.<\/p>\n<p class=\"tag-border-left\">Building the ecosystem<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The UAE won\u2019t be content with buying the technology \u2014 it will want to own it, <\/strong><strong>and so will others.<\/strong> \u201cIn the region, I think the demand signal won\u2019t just be, \u2018sell us counter-drone systems.\u2019 It will be, \u2018help us build, sustain, and eventually export this capability ourselves,\u2019\u201d Zeigler says.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Procurement policy is reinforcing the<\/strong><strong> shift:<\/strong> The UAE has also embedded some of the world\u2019s most aggressive localization requirements into defense procurement, with major contracts typically requiring 60% industrial participation, Lyne notes. The Tawazun Council for Defense Enablement recently inked <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/23\/titan-and-mercedes-benz-link-up-kezad-makes-metal-play-emirati-startups-secure-funds-more-defense-and-saf-one-taps-indias-tata\/\" target=\"_blank\" rel=\"noopener\">AED 3.6 bn in contracts<\/a>, heavily skewed toward unmanned and advanced systems.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Still, building a serious defense industry takes time. <\/strong>\u201cSouth Korea went from near-total import dependence in the 1970s to becoming a top-10 global arms exporter today \u2014 but that transition took 40+ years,\u201d Lyne says. For most Gulf states, the realistic near-term ceiling is co-production and system integration, rather than fully indigenous weapons development.<\/p>\n<p class=\"tag-border-left\">A \u201cgolden\u201d window<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>One likely path is focusing on the co-production of subsystems and system integration rather<\/strong><strong> than building full platforms<\/strong>, Lyne notes.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Supply chains also need to remain diversified: <\/strong>Overreliance on any single partner is increasingly viewed as a strategic vulnerability, Lyne added \u2014 prompting governments to diversify defense relationships while building more capability at home. The UAE is already moving in that direction: Edge has linked up with partners across <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/21\/new-defense-jv-and-agreements-dubai-holding-makes-moves-in-mallorca-and-ce-ventures-backs-us-biotech\/\" target=\"_blank\" rel=\"noopener\">Qatar<\/a>, <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/14\/edge-plants-flag-in-europe-fab-taps-t-powe-rice-for-investments-zoho-rolls-out-data-centers-and-nmdc-expands-in-the-onshore-market\/\" target=\"_blank\" rel=\"noopener\">Spain<\/a>, <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/24\/edge-to-launch-jv-with-turkeys-pavo-group\/\" target=\"_blank\" rel=\"noopener\">Turkey<\/a>, <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/03\/uae-ecuador-seal-cepa-agreement-with-usd-3-bn-project-pipeline-in-sight\/\" target=\"_blank\" rel=\"noopener\">Ecuador<\/a>, and <a href=\"https:\/\/enterpriseam.com\/uae\/en\/news\/edition\/am\/bb55aa0d-a210-4fba-a9b0-dca36dec6b14\/adnoc-secures-first-gas-based-pre-export-facility-for-hail-and-ghash\/wwtt2?repeat=w3tc\" target=\"_blank\" rel=\"noopener\">Israel<\/a>, while Abu Dhabi has inked defense partnerships with the <a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0e99b7fd-24c6-4045-894e-9d46f276830d\/us-uae-defense-partnership-prioritizes-joint-r&amp;d,-missile-defense,-and-disaster-response\" target=\"_blank\" rel=\"noopener\">US<\/a>, <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/20\/uae-india-agreement-blitz\/\" target=\"_blank\" rel=\"noopener\">India<\/a>, and <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/27\/uae-south-korea-sign-usd-35-bn-defense-pact-agree-to-restructure-investments\/\" target=\"_blank\" rel=\"noopener\">South Korea<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The bigger challenge is talent + experience:<\/strong> \u201cThe constraint is less financial and more about the defense industrial base: skilled engineers, sovereign supply chains, and decades of institutional knowledge,\u201d Lyne tells us.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Innovation offers a window: <\/strong>Zeigler points to the US model \u2014 where nimble startups and \u201cmini-primes\u201d increasingly drive innovation alongside legacy contractors \u2014 as a potential roadmap for Gulf defense ecosystems. With several Gulf states now designated major non-Nato allies, the current geopolitical moment could open what he calls a \u201cgolden window for tech transfer.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/drones\/\">Drones<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masna\/\">Masna<\/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=\"112226 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=\"112226\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/112226\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112226\" class=\"content-area-description single-story post-112226 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112227\" 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=\"112227\">\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\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/car-sales-set-to-take-a-hit-as-war-dampens-consumer-spending-and-prices-spike\/\">\r\n                            Eyeing a new car? 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112228\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/car-sales-set-to-take-a-hit-as-war-dampens-consumer-spending-and-prices-spike\/282-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/282.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"282.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/282.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/282.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112227\" class=\"content-area-description single-story post-112227 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-automotive tag-economy tag-enterpriseam-uae 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;text-align: left\"><strong> The UAE is home to some pretty big spenders<\/strong> \u2014 and one thing high-net-worth individuals (and let\u2019s face it, anyone who just got a good bonus) love is cars. You only need to head to any of the city\u2019s five-star hotels for a who\u2019s who of luxury cars parked at the entrance.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>But with war hitting the region, cars might fall much lower on people\u2019s wishlists.<\/strong> \u201cEscalation [will likely] trigger a \u2018wait-and-see\u2019 pullback in big-ticket discretionary purchases such as new vehicles, particularly in the UAE and other GCC markets where confidence can turn rapidly in response to security developments,\u201d Santiago Arieu, senior research analyst at Fitch Solutions, tells EnterpriseAM.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>They will also likely get more expensive. <\/strong>\u201cRising freight and ins. premia [will likely increase] the cost of imported vehicles, forcing dealers and distributors to pass on higher logistics costs, which would raise effective transaction prices,\u201d Arieu added.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>IN CONTEXT-<\/strong> The closure of the Strait of Hormuz and the targeting of several ports across the region have meant risk premia and ins. costs have increased, while airspace closures have impacted air cargo flows, raising freight rates.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>This could skew the automotive demand dynamic in the country, with a bigger<\/strong><strong> focus on used vehicles and more affordable segments<\/strong>, while premium car brands take a hit, Arieu says.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>SOUND SMART- <\/strong>Most vehicles coming into the UAE are imported as fully built-up units, with the local assembly and manufacturing industry only accounting for a sliver of the market.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Car sales came to a complete halt Sunday and Monday<\/strong>, despite Ramadan typically being the peak season for the industry in the UAE, with sales usually up 50-100%, Glenn Harwood, co-founder of automotive data platform <a href=\"https:\/\/algodriven.xyz\/\" target=\"_blank\" rel=\"noopener\">AlgoDriven<\/a>, tells EnterpriseAM. But in the past 48 hours, some car shopping has resumed, though not at the regular pace at which it usually takes place during this season, he added.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cThis could be a repeat of Covid-19 when supply chains froze up<\/strong>, but the one difference is: where at the time, there was not enough new cars in the market, now some car dealers have one to two years\u2019 worth of stock, both of used and new cars,\u201d Harwood said, adding that this could actually be a blessing in disguise for them to clear some of their stock.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>What did happen at the time, though, was that used car prices were inflated and<\/strong><strong> took nearly three years to simmer down<\/strong>, he explained. New cars were being sold at full price, with no haircuts offered, he added. \u201cThe fact that the car market has been pretty bloated for six months [could help,] but it really depends how big the shockwave is to the new car supply chain,\u201d he noted.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Chinese automakers \u2014 some of which are newcomers to the market \u2014 have already<\/strong><strong> given traditional automakers plenty to compete with <\/strong>in terms of pricing and have flooded the market with inventory, making it even harder for traditional automakers to clear existing stock, he explained.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Another problem for the market? Newcomer car brands might start<\/strong><strong> shying away. <\/strong>While the UAE has been a popular choice for global carmakers \u2014 with yet another Chinese manufacturer, <a href=\"https:\/\/www.icauruae.com\/newsDetail\/?id=257\" target=\"_blank\" rel=\"noopener\">iCaur<\/a>, launching just last month \u2014 headwinds including heightened freight costs, war-risk ins. premia, and deteriorating schedule reliability will deter new brands from entering the market, Arieu said.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cWe expect most carmakers to remain more cautious about ne<\/strong><strong>w localization plans<\/strong>, awaiting more clarity until routing and ins. conditions stabilize,\u201d he added.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The Gulf region might lose its prime position for Chinese carmakers.<\/strong> \u201cThe Gulf region was often the first stop for Chinese carmakers looking to expand globally, because it\u2019s geographically close by,\u201d Harwood said. \u201cOther Chinese brands have had such good success, and local importers are chasing them, but if there's instability, no supply chain, and consumer confidence disappears, they're just going to choose a different market to launch into next.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112229\" 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=\"112229\">\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\">WAR WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-sectors\/\">\r\n                            Conflict spreads into different countries and more 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\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-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\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-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\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-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=Conflict spreads into different countries and more sectors&url=https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-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\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-sectors\/&title=Conflict spreads into different countries and more 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=Conflict+spreads+into+different+countries+and+more+sectors+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F03%2F05%2Fconflict-spreads-into-different-countries-and-more-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\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-sectors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/112280.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112280\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/conflict-spreads-into-different-countries-and-more-sectors\/fujairah-oil-industry-zone-amid-the-u-s-israel-conflict-with-iran\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/112280.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/112280.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/112280.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112229\" class=\"content-area-description single-story post-112229 post type-post status-publish format-standard has-post-thumbnail hentry category-war-watch tag-aviation tag-enterpriseam-uae tag-iran tag-israel tag-war-watch 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;text-align:left\"> <strong>The war is spreading further afield as we enter day six<\/strong>, with Turkey getting hit yesterday and broader ramifications rippling across different sectors, including the obvious one \u2014 oil \u2014 and commodities like aluminum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">Where things stand this morning<\/p>\n<ul>\n<li><strong>A US submarine torpedoed and sank an Iranian warship<\/strong> off the coast of Sri Lanka. Local officials confirmed at least 80 people killed;<\/li>\n<li><strong>Israel continues its offensive<\/strong>, launching a wave of fresh strikes across Iran and on Hezbollah targets in Beirut;<\/li>\n<li><strong>Iran threatened to attack Israeli embassies \u201cworldwide\u201d<\/strong> should Israel strike its embassy in Beirut, <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.ir\/en\/news\/2026\/03\/04\/3531466\/iran-warns-of-retaliation-against-israeli-threats-to-its-embassy-in-lebanon\" rel=\"noopener\">Iranian state media<\/a> reports, citing an Iranian army spokesperson;<\/li>\n<li><strong>Nato<\/strong> <strong>air defenses intercepted an Iranian ballistic missile<\/strong> fired at Turkish airspace. The alliance condemned Tehran's indiscriminate regional attacks;<\/li>\n<li><strong>The UAE Defense Ministry <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bz18sqi-%D8%A7%D9%84%D8%AF%D9%81%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%AC%D9%88%D9%8A%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B1%D8%B6-%D8%A8%D9%86%D8%AC%D8%A7%D8%AD-%D8%B5%D9%88%D8%A7%D8%B1%D9%8A%D8%AE\" rel=\"noopener\">said it intercepted 121 drones<\/a><\/strong>, with another eight falling into its territory.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">Airspace remains restricted<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>A<\/strong><strong>viation hubs remain restricted, and <\/strong><strong>major carriers are extending flight suspensions:<\/strong><\/p>\n<ul>\n<li><strong>Emirates <\/strong>has suspended flights until Saturday, 7 March, operating a limited number of journeys, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/world\/mena\/usisrael-conflict-on-iran-escalates-on-day-5-uae-affirms-right-to-selfdefence-1.500462647\" rel=\"noopener\">Gulf News<\/a> reports;<\/li>\n<li><strong>Etihad Airways <\/strong>is <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/x.com\/etihad\/status\/2029186638572929289&amp;sa=D&amp;source=docs&amp;ust=1772679716078957&amp;usg=AOvVaw1VbXnr8lsfU6oLWfkJQagf\" rel=\"noopener\">suspending<\/a> all flights to and from Abu Dhabi until 6 March; <\/li>\n<li><strong>Air Arabia <\/strong>halted flights until Monday, 9 March, including flights to and from Sharjah and Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.dubaieye1038.com\/news\/local\/air-arabia-extends-suspension-of-operations-until-march-9\/\" rel=\"noopener\">Dubai Eye<\/a> reports;<\/li>\n<li><strong>Flydubai<\/strong> announced a partial resumption of scheduled flights, with limited flights operating from terminals 2 and 3 at Dubai International Airport.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Fujairah is coordinating some chartered flights<\/strong>, working with Oman\u2019s SalamAir to run journeys between Fujairah International Airport to India, Turkey, and Pakistan through Oman yesterday and today, according to <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/business\/transport\/fujairah-international-airport-salamair-launch-flights-to-india-turkey-pakistan-via-muscat\" rel=\"noopener\">Arabian Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">Force majeure declared across gas and aluminum<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Global<\/strong><strong> gas shock: <\/strong>As Hormuz disruptions mount, Qatar declared force majeure on all gas exports, and the state energy giant QatarEnergy (QE) halted all liquefied natural gas (LNG) production this week, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/qatarenergy\/status\/2029171082444312660?s=46&amp;t=eQkyOOTe-J3UW1b7k5d2xA\" rel=\"noopener\">post on X<\/a>. With Qatar supplying 20% of the world\u2019s and 80% of Asia\u2019s LNG, the move is likely to put global gas markets in a weeks-long shortage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>QE indicates a minimum four-week recovery timeline<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/qatarenergy-declares-force-majeure-lng-shipments-2026-03-04\/\" rel=\"noopener\">Reuters<\/a> reports, citing sources familiar with the matter. The production halt has driven European and Asian gas prices to multi-year highs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Aluminum is a<\/strong><strong>lso taking a hit: <\/strong>Aluminium Bahrain declared force majeure yesterday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/aluminium-bahrain-says-declares-force-majeure-contracts-2026-03-04\/\" rel=\"noopener\">Reuters<\/a> reports \u2014 leading aluminum prices to rise by as much as 5.1% to USD 3.4k per ton. This figure could still rise if the closure persists, with 8% of the world\u2019s aluminum supply coming from the Bahraini smelter. The news comes after Qatari smelter Qatalum said it was shutting down operations earlier in the week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The disruption in the Strait of Hormuz was behind the closure<\/strong>, a spokesperson told the newswire, adding that the firm is unable to resume shipments, even as production continues as usual, and that it was looking into alternative shipping options.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/war-watch\/\">War Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112230 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=\"112230\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/112230\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112230\" class=\"content-area-description single-story post-112230 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:\/\/web.facebook.com\/HassanAllamProperties\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/414.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112231\" 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=\"112231\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/uaes-pmi-hits-one-year-high-of-55\/\">\r\n                            Non-oil private sector hits 12-month high                        <\/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\/2026\/03\/05\/uaes-pmi-hits-one-year-high-of-55\/\" 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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That\u2019s up fractionally from 54.9 in January and well above the 50.0 neutral threshold, fueled by strong domestic demand and significant activity in the construction, real estate, logistics, and tech sectors. Then again, that was before the outbreak of war in the region\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Business activity surged at its fastest pace since April 2024. <\/strong>While export sales remained modest, domestic orders were buoyed by increased tourism, e-commerce expansion, and a spike in demand for AI-related products. Supply chains also remained resilient, with firms reporting rapidly improving lead times that allowed for a strategic rebuilding of inventories.<\/p>\n<p><strong>It was a different story in Dubai<\/strong>, where the PMI momentum decoupled from the national trend, slipping to 54.6 from 55.9 in January. While the expansion of output and new orders in the emirate lost some steam, it remained sharp overall. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The labor market showed significant strength<\/strong>, with job creation in Dubai reaching a two-year high in February as firms aggressively expanded capacity to manage future workloads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>What\u2019s next?<\/strong> \u201cThe outlook is also positive, as demand has continued to pressurize business capacity, suggesting additional expansions in output and employment may be necessary,\u201d said David Owen, senior economist at S&amp;P Global Market Intelligence. He added that the lack of friction in input supply chains has \u201callowed companies to rebuild stocks, putting them in a better position to meet client demand.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DISCLAIMER- This is based on data compiled before the war hit the region<\/strong> on 28 February. As we reported yesterday, the war is expected to hit the non-oil sector the most as tourism and supply chains take a hit, along with a potential exodus of workers and expats. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp\/\">S&amp;P<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112232\" 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=\"112232\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/redbird-imi-makes-a-eur-4-4-bn-merger-mubdala-invests-usd-50-mn-in-hungarys-4ig-2pointzero-group-acquires-healthtech-firm\/\">\r\n                            RedBird IMI makes a EUR 4.4 bn merger, Mubdala invests USD 50 mn in Hungary\u2019s 4iG, 2PointZero Group acquires healthtech firm                        <\/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\/2026\/03\/05\/redbird-imi-makes-a-eur-4-4-bn-merger-mubdala-invests-usd-50-mn-in-hungarys-4ig-2pointzero-group-acquires-healthtech-firm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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           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=RedBird+IMI+makes+a+EUR+4.4+bn+merger%2C+Mubdala+invests+USD+50+mn+in+Hungary%E2%80%99s+4iG%2C+2PointZero+Group+acquires+healthtech+firm+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F03%2F05%2Fredbird-imi-makes-a-eur-4-4-bn-merger-mubdala-invests-usd-50-mn-in-hungarys-4ig-2pointzero-group-acquires-healthtech-firm%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\/2026\/03\/05\/redbird-imi-makes-a-eur-4-4-bn-merger-mubdala-invests-usd-50-mn-in-hungarys-4ig-2pointzero-group-acquires-healthtech-firm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/280.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112233\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/redbird-imi-makes-a-eur-4-4-bn-merger-mubdala-invests-usd-50-mn-in-hungarys-4ig-2pointzero-group-acquires-healthtech-firm\/280-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/280.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"280.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/280.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/280.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112232\" class=\"content-area-description single-story post-112232 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-2pointzero tag-2pointzero-group tag-also-on-our-radar tag-enterpriseam-uae tag-ma tag-mubadala 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\">\n<p class=\"tag-border-left\">RedBird IMI to merge France\u2019s Banijay and UK\u2019s All3Media<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a target=\"_blank\" id=\"id.xpozw79av2oc\" rel=\"noopener\"><\/a> <strong>Abu Dhabi-backed RedBird IMI agreed to<\/strong><strong> a EUR 4.4 bn merger between UK-based All3Media<\/strong>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/20\/redbird-imi-completes-acquisition-of-uk-based-all3media\/\" style=\"\" rel=\"noopener\">which it acquired in 2024<\/a>, and France\u2019s Banijay Entertainment, according to a <a target=\"_blank\" href=\"https:\/\/group.banijay.com\/banijay-group-announces-the-combination-of-banijay-entertainment-and-all3media\/#:~:text=Banijay%20Group%20and%20RedBird%20IMI%2C%20the%20joint%20venture%20backed%20by,global%20media%20and%20entertainment%20powerhouse.https:\/\/www.reuters.com\/business\/media-telecom\/banijay-all3media-merge-entertainment-businesses-2026-03-03\/\" style=\"\" rel=\"noopener\">press release<\/a>. The move creates a 50\/50 JV, effectively uniting two of Europe's largest TV production rivals. Leadership of the new entity, which will be called Banijay, will be split among the original companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transaction is structured as a full equity rollover of RedBird IMI\u2019s interest in All3Media<\/strong>, with a total of EUR 796 mn flowing to Banijay Group, including a EUR 625 mn payment from RedBird IMI and a EUR 171 mn pre-closing dividend from Banijay Entertainment. A total of EUR 50 mn in cost synergies is expected to be realized within 12 months. The transaction is subject to regulatory approval, with closing slated for fall 2026.<\/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\">Mubadala lends USD 50 mn to Hungary's 4iG<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala<\/strong><strong> extends USD 50 mn convertible loan to Hungarian tech firm: <\/strong>Abu Dhabi sovereign wealth fund Mubadala committed a USD 50 mn convertible loan to Budapest-listed technology group 4iG, according to a <a target=\"_blank\" href=\"https:\/\/www.4ig.hu\/mubadala-invests-in-4ig-group\" style=\"\" rel=\"noopener\">press release<\/a>. The funding aims to bolster 4iG\u2019s capital markets exposure and fuel its expansion across digital infrastructure, high-capacity networks, and space industries, with room for the sovereign wealth fund to increase its investment in the future.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Under the agreement<\/strong>, the conversion share will be tied to a 90-day volume-weighted average price preceding the signing, with equity conversion slated for the end of 1Q 2029. Both parties expect to finalize the transaction by the end of this quarter, following regulatory approval.<\/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\">What\u2019s *your* strain at?<\/p>\n<p><a target=\"_blank\" id=\"kix.oillnrrft0pw\" rel=\"noopener\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2PointZero <\/strong><strong>takes a stake in Whoop: <\/strong>An unspecified subsidiary of 2PointZero Group acquired a stake in Boston-based health tech wearables firm Whoop, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/257.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The size and value of the stake weren\u2019t disclosed. The takeover comes as IHC\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d94fbc3f-6e0a-4466-8238-3c475d10b7ff\/ihc-shareholders-approve-multiply-ghitha-%253cmark%253e2pointzero%253c%2Fmark%253e-merger,-appoint-leadership-for-post-merger-aed-120-bn-firm\" style=\"\" rel=\"noopener\">newly-consolidated 2PointZero Group<\/a> continues to expand its portfolio, having <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/18\/2pointzero-takes-full-control-of-egyptian-fintech-maseera-as-former-ceo-steps-down\/\" style=\"\" rel=\"noopener\">recently increased its stake<\/a> in Cairo-born fintech Maseera Holding to 100%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.whoop.com\/ae\/en\/?srsltid=AfmBOopaVy1slChNIGgqcX1rVm1YIWxPw5pdhwH_aDakLD27IIqDF71k\" style=\"\" rel=\"noopener\">Whoop<\/a><\/strong><strong> needs no introduction<\/strong>, but for those of you who haven\u2019t seen it on anyone\u2019s wrist yet, the wearable performance tracker runs a subscription model that offers round-the-clock physiological monitoring and personalized coaching. Whoop has raised more than USD 400 mn from investors, including California-based SoftBank Vision Fund.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/2pointzero\/\">2PointZero<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/2pointzero-group\/\">2PointZero Group<\/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\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112234\" 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=\"112234\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/private-markets-boom-years-might-be-over-now-comes-the-reckoning\/\">\r\n                            Is Wall Street\u2019s private credit party hitting a wall?                        <\/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\/2026\/03\/05\/private-markets-boom-years-might-be-over-now-comes-the-reckoning\/\" 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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Executives flagged AI as a particular risk that could potentially erode the valuations of software-heavy portfolios and see lenders ask for more collateral. Conflict in the Middle East is also hitting the asset class, weighing on investor sentiment and credit indicators, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/credit-markets-dented-middle-east-war-piles-onto-cockroaches-fears-2026-03-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Executives framed the challenge as a reckoning after years of rapid growth. <\/strong>Apollo CEO Marc Rowan told Bloomberg Invest attendees that chasing higher yields \u201cfelt really good on the way up. That\u2019s not going to feel so good on the way down.\u201d Soros Fund Management\u2019s CIO Dawn Fitzpatrick said investors face a \u201cpainful 18 to 24 months.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private equity managers are also feeling the squeeze<\/strong>, struggling to sell assets and return capital, often relying on costly debt to deliver returns. As for private credit, it\u2019s seeing mixed responses to redemption pressures. Blackstone allowed a record 7.9% of its flagship fund to be redeemed, while Blue Owl temporarily halted withdrawals to give itself time to liquidate assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some are downplaying the panic: <\/strong>Ares CEO Mike Arougheti dismissed UBS analysts\u2019 15% default-rate forecast for private credit as \u201cabsolutely wrong,\u201d though he stressed that diversification is key to surviving the shakeout. Brookefield\u2019s Connor Teskey called the current hurdles \u201chiccups\u201d rather than structural threats, noting that bank and corporate balance sheets remain strong.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even so, shares of private-market players like Apollo, Ares, and Blackstone have lost over <\/strong><strong>25% <\/strong><strong>in value this year<\/strong>, far underperforming the S&P 500\u2019s 0.3% decline. Fitzpatrick warned that once banks reassess collateral, private credit firms may need to scramble for liquidity \u2014 a harbinger of deeper stress ahead.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scott Adelson, CEO of Houlihan Lokey, noted that shakeouts are natural after rapid expansion. <\/strong>\u201cThere are some credit providers that could have a difficult time,\u201d he cautioned, while maintaining that private credit as an asset class is \u201chere to stay.\u201d<\/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\">Asia-Pacific markets are in the green in early trading this morning for the first time this week, signaling a recovery in risk appetite. The Kospi is leading gains, up nearly 10%, while the Nikkei and Hang Seng are looking at more moderate gains. \u201cGeopolitical risk can flare up again very quickly, so \u2060any early gains we see this morning across Asia-Pacific region share markets may not last,\u201d Moomoo Australia and New Zealand\u2019s Paco Chow <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/global-markets-global-markets-2026-03-05\/\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,252<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.9% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,197<\/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\">-4.7% (YTD: +2.5%)<\/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>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,106<\/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\">-4.4% (YTD: +4.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.5% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.8% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,693<\/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\">+1.2% (YTD: +1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">46,452<\/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: +11.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">6,870<\/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: +0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,568<\/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: +6.3%)<\/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>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\">5,871<\/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\">+1.7% (YTD: +1.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 81.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.92<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 5,182<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 72,855<\/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\">+6.9% (YTD: -16.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.65<\/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\">-1.6% (YTD: -2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">152.34<\/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: +0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">20.77<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-11.9% (YTD: +57.7%)<\/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 DFM fell 4.7% yesterday<\/strong> on turnover of AED 896.3 mn. The index is up 2.5% 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>NCC (+2.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Amlak Finance (-5%), Dubai Electricity & Water Authority (-5%), and Dubai Investments (-5%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index fell 1.9% on turnover of AED 962.9 mn. Meanwhile, Nasdaq Dubai was down 4.4%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wall-street\/\">Wall Street<\/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=\"112236\" 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\/2026\/03\/05\/112236\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112236\" class=\"content-area-description single-story post-112236 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;\">MARCH<\/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 March (Thursday-Friday): Eid Al Fitr, public holiday. <\/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 International 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>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>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\/ar\/article\/bypc4bk-%D8%A5%D9%86%D9%81%D8%B3%D8%AA%D9%88%D8%A8%D9%8A%D8%A7-%D8%AA%D8%B9%D9%84%D9%86-%D8%B4%D8%B1%D9%83%D8%A7%D8%A6%D9%87%D8%A7-%D8%A7%D9%84%D8%A5%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D9%8A%D9%86-%D9%84%D8%B9%D8%A7%D9%85-2026\" style=\"\">Investopia<\/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;\">APRIL <\/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;\">6-9 April (Monday-Thursday): Dubai AI Week, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-8 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.google.com\/aclk?sa=L&pf=1&ai=DChsSEwj_xNitku-SAxV1GQYAHRskIjsYACICCAEQARoCd3M&co=1&ase=2&gclid=Cj0KCQiA7-rMBhCFARIsAKnLKtA9bLZLeIwN44jhxqqUeXRsZnFSdXm2r3JoQufEGLacrS6rANAc_zYaAhtHEALw_wcB&cid=CAASWuRo-yLLfYpmEqZ65V9HiHswHX3YrQocUY3lB6we4QZRNqAjQMqLZYa6wFhv2TwYJth-R-4ANxJawR31rgPxJZ4dsa3GXgyi75cz_qKxpI1BSIv6o1tvwrk6fg&cce=2&category=acrcp_v1_32&sig=AOD64_0c7xfnXMlpo9gJCGfyxkhHrSbJcg&q&nis=4&adurl=https:\/\/dubaiaifestival.com\/?utm_source%3Dgoogle%26utm_medium%3Dcpc%26utm_campaign%3Dpmax%26trc%3Dpmax%26gad_source%3D1%26gad_campaignid%3D23484475333%26gbraid%3D0AAAAADncpj6FzYjdPvFoxYv-UR4qFNGGR%26gclid%3DCj0KCQiA7-rMBhCFARIsAKnLKtA9bLZLeIwN44jhxqqUeXRsZnFSdXm2r3JoQufEGLacrS6rANAc_zYaAhtHEALw_wcB&ved=2ahUKEwiruNGtku-SAxUcTKQEHZsYE3sQ0Qx6BAggEAE\" style=\"\">Dubai AI Festival<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>7-9 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-15 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimcongress.com\/\" 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:\/\/glass-show.com\/\" 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): <\/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>28-29 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/schneider-electric-to-advance-energy-technology-to-power-intelligence-at-innovation-summit-middle-east-and-africa-mii8c2t1\" style=\"\">Innovation Summit Middle East & Africa<\/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>29 April (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digitransformationsummit.com\/uae\/\" style=\"\">Digital Transformation Summit<\/a><\/span><span style=\"font-weight:400;\">, Sofitel, 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;\">MAY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 May (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.miite.ae\/\" style=\"\">Make It in the Emirates<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-24 May (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/february\/24-02\/dubai-esports\" style=\"\">Dubai Esports and Games Festival<\/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>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, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-15 May (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifuturefinanceweek.com\/\" style=\"\">Dubai Future Finance Week<\/a><\/span><span>, 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;\">12-14 May (Tuesday-Thursday): Airport Show, Dubai World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">19-20 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.capitalmarketsummit.ae\/\" style=\"\">Capital Market Summit<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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 Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indico.un.org\/event\/1021967\/\" style=\"\">Arab Competition Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/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;\">3-4 June (Wednesday-Thursday): Annual MENA Investor Conference, Ritz-Carlton DIFC, Dubai. <\/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 <\/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>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;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-10 October (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/space.gov.ae\/en\/media-center\/events\/world-space-week\" style=\"\">World Space 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 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;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-10 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bmkxm3q-mohammad-gergawi-announces-dates-next-uae\" style=\"\">Annual government meetings<\/a><\/span><span>, Abu Dhabi.     <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/february\/24-02\/rta-organises-the-inaugural-edition-of-dubai-international\" style=\"\">Dubai International Electric Vehicle Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/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=\"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 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<\/ul>\n<p><a id=\"kix.yw97gznu3xi2\"><\/a><\/p>\n<ul>\n<li><span>1-3 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bymylfm-world-governments-summit-2027-set-from-february\" style=\"\">World Governments Summit<\/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 2028:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/1732iqa-uae-strengthens-its-global-leadership-host-2028\" style=\"\">Artificial Intelligence Summit<\/a><\/span><span style=\"font-weight:400;\">. <\/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 style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: RedBird IMI makes a EUR 4.4 bn merger<\/p>\n","protected":false},"featured_media":112270,"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-112219","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"fc284e73-83cd-4e18-93c0-ba397ed0d9eb","teaser":"Plus: RedBird IMI makes a EUR 4.4 bn merger","photo_url":"https:\/\/ent.news\/2026\/3\/301.JPG","box_description":"","box_image":false},"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\/ 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