{"id":112561,"date":"2026-02-02T00:00:00","date_gmt":"2026-02-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=112561"},"modified":"2026-03-09T08:14:38","modified_gmt":"2026-03-09T08:14:38","slug":"adq-is-now-part-of-limad-plus-tahnoon-linked-entity-buys-into-trumps-world-liberty-financial","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/adq-is-now-part-of-limad-plus-tahnoon-linked-entity-buys-into-trumps-world-liberty-financial\/","title":{"rendered":"ADQ is now part of L\u2019Imad. Plus: Tahnoon-linked entity buys into Trump\u2019s World Liberty Financial"},"content":{"rendered":"<section id=\"112563\" 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=\"112563\">\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\/02\/02\/this-morning-carlyle-could-tap-a-uae-investor-for-lukoil-acquisition-fuel-prices-down-again-in-february\/\">\r\n                            THIS MORNING: Carlyle could tap a UAE investor for Lukoil acquisition + Fuel prices down again in February       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<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/77.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112564\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/this-morning-carlyle-could-tap-a-uae-investor-for-lukoil-acquisition-fuel-prices-down-again-in-february\/77-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/77.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"77.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/77.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/77.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112563\" class=\"content-area-description single-story post-112563 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adnoc tag-dispute-watch tag-energy tag-enterpriseam-uae tag-ma-watch tag-nmc-healthcare tag-oil-and-gas tag-opec-2 tag-real-estate tag-russia-ukraine-war tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy first workday of a new month. <\/strong>We have a relatively busy issue with which to start the week, with two big stories coming up over the weekend: <strong>ADQ is now firmly under new sovereign wealth fund L\u2019Imad\u2019s umbrella<\/strong>, and the Wall Street Journal reports that US President Donald Trump\u2019s crypto venture <strong>World Liberty Financial has now found a major shareholder in Sheikh Tahnoon bin Zayed Al Nahyan-backed investment vehicles<\/strong>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the macro front, non-oil trade came in at AED 3.8 tn last year<\/strong>, marking a new record and bringing us very close to the government\u2019s AED 4 tn target. Plus: Abu Dhabi wrapped the year with a slight acceleration to 1.5%.<\/p>\n<p class=\"tag-border-left\">PSA<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>February<\/strong><strong> oil prices are in: <\/strong>The UAE fuel price committee has lowered costs across the board for February, according to an Emirates Petroleum Company <a target=\"_blank\" href=\"https:\/\/x.com\/EmaratOfficial\/status\/2017542048409366611?s=20\" style=\"\" rel=\"noopener\">post on X<\/a>. This marks another dip from <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/05\/this-morning-fuel-prices-slashed-for-january-minimum-wage-hiked-for-emiratis\/\" style=\"\" rel=\"noopener\">January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s the new breakdown per liter:<\/strong><\/p>\n<ul>\n<li>Super 98 is now AED 2.45, down from AED 2.53 in January (-3.2%);<\/li>\n<li>Special 95 is AED 2.33, down from AED 2.42 (-3.7%);<\/li>\n<li>E-Plus 91 is AED 2.26, down from AED 2.34 (-3.4%);<\/li>\n<li>Diesel is AED 2.52, down from AED 2.55 (-1.2%). <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5WEATHER- It\u2019s a partly cloudy day today<\/strong>, with temperatures reaching 26\u00b0C in Dubai and 27\u00b0C in Abu Dhabi, with an overnight low of 16\u00b0C in Dubai and 14\u00b0C in the capital. <\/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\">Watch this space <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>M&A WATCH<\/strong> <strong>\u2014 Not out of the race for Lukoil\u2019s assets after all?<\/strong> US private equity firm Carlyle is reportedly in early-stage talks with UAE investors to bring them on as co-investors for <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/30\/this-morning-uae-eyes-investments-in-rosatoms-nuclear-projects-adnoc-ihc-out-of-the-race-for-lukoils-assets\/\" style=\"\" rel=\"noopener\">its proposed acquisition<\/a> of Russian oil firm Lukoil\u2019s foreign assets, sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/transactional\/carlyle-talks-with-potential-uae-partners-lukoil-assets-sources-say-2026-01-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- We had reported last week that IHC and Adnoc \u2014 both of whom were rumored to be in talks with Lukoil \u2014 may be out of the running for Lukoil\u2019s international assets<\/strong>, after Carlyle and Lukoil announced a preliminary agreement <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/30\/this-morning-uae-eyes-investments-in-rosatoms-nuclear-projects-adnoc-ihc-out-of-the-race-for-lukoils-assets\/\" style=\"\" rel=\"noopener\">a few days ago<\/a> to acquire a broad portfolio of assets from Lukoil, but sources have told Reuters that Abu Dhabi sovereign wealth fund Mubadala, Adnoc\u2019s XRG, and IHC were holding discussions with the US private equity player about stakes in the portfolio. Nothing has been set in stone so far.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where we\u2019re at:<\/strong> The transaction remains subject to approval from US authorities. No valuation has been agreed, though one source put the assets\u2019 value at around USD 22 bn. One source says Emirati investors were particularly keen on Litasco, Lukoil\u2019s trading arm, which shifted its regional trading business to a newly-formed Dubai entity <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/07\/this-morning-president-mohamed-bin-zayed-al-nahyan-kicks-off-russia-visit-pakistan-mart-is-coming\/\" style=\"\" rel=\"noopener\">last summer<\/a>. However, US officials are keen to keep Lukoil\u2019s portfolio intact. The Russian firm is also still talking with other firms on a takeover.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s still needed? <\/strong>The US imposed sanctions on Lukoil and Rosneft <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/30\/this-morning-uae-eyes-investments-in-rosatoms-nuclear-projects-adnoc-ihc-out-of-the-race-for-lukoils-assets\/\" style=\"\" rel=\"noopener\">last October<\/a> and Lukoil has until 28 February to sell the assets. US authorities are requiring Carlyle to carry out due diligence. Proceeds from a sale would go into US-controlled coffers and remain frozen until the sanctions are lifted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>DISPUTE WATCH \u2014<\/strong> <strong>NMC<\/strong><strong> drops GBP 2 bn lawsuit against EY: <\/strong>Abu Dhabi-based hospital operator NMC Healthcare dropped its GBP 2 bn London lawsuit against auditor EY, initially filed in 2022, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/uae-hospital-operator-nmc-withdraws-2-billion-pound-uk-lawsuit-against-ey-2026-01-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The trial began in London\u2019s High Court in May and concluded in October, with the operator withdrawing its claim before the court could rule on the case.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>NMC\u2019s administrators <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/this-morning-emirates-nbd-to-set-up-unit-in-india-ex-magellan-trader-files-complaints-over-alleged-regulatory-breaches\/\" style=\"\" rel=\"noopener\">were suing EY<\/a> for failing to detect fraudulent activity between 2012-2018. Later in 2020, the healthcare operator collapsed and was forced into administration after a report from shortseller Muddy Waters claimed it had inflated its assets and owned over USD 4 bn in hidden debt. In response to NMC\u2019s allegations, EY said senior NMC figures were deliberately hiding the firm\u2019s accounts and denied accusations of negligence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REAL ESTATE \u2014 AED 500 mn Umm Suqeim<\/strong><strong> beach renovation: <\/strong>Dubai\u2019s Umm Suqeim Beach is getting an AED 500 mn upgrade, after Dubai Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum approved a redevelopment master plan, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2026\/february\/01-02\/hamdan-bin-mohammed-approves-master-plan-to-develop-umm-suqeim-beach\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. Spanning a 3.1-km stretch and covering nearly 445k sqm in total, the development will increase the beach area by 30% and feature a 38-m observation tower.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Infrastructure upgrades include a 200% increase in parking capacity to accommodate 2.4k spaces, 11 taxi hubs, and a designated network for bicycles and electric scooters. The project will also construct a 2-km retaining wall to address rising sea levels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M&A WATCH \u2014 <\/strong><strong>Mubadala <\/strong><strong>to back USD 10 bn buyout of Singapore data giant: <\/strong>Mubadala and Singaporean sovereign wealth fund GIC are in talks to join KKR & Co and Singapore Telecommunications in their bid to purchase <a target=\"_blank\" href=\"https:\/\/www.sttelemediagdc.com\/\" style=\"\" rel=\"noopener\">ST Telemedia Global Data Centres<\/a> (STT GDC) \u2014 a Singapore-based data center operator \u2014 in a transaction that could value the operator at above USD 10 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-01\/gic-mubadala-said-to-be-set-to-join-kkr-in-10-billion-stt-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are in the know. The sovereign wealth funds would back the bid as minority co-investors. More details could be announced later this week, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STT GDC is a global data center player that <\/strong><strong>operates over 100 facilities across 20 <\/strong><strong>countries.<\/strong> KKR and Singapore Telecommunications became minority owners in the firm after securing a USD 1.3 bn stake last year. <\/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\"> Happening today<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our fellow photo nerds in the UAE have been looking forward to this year\u2019s Xposure, on until Wednesday, 4 February in Sharjah.<\/strong> This year\u2019s global celebration of visual storytelling features a who\u2019s who of talented photographers \u2014 <a target=\"_blank\" href=\"https:\/\/xposure.net\/photographer\/romany-hafez\/\" style=\"\" rel=\"noopener\">including our friend Romany Hafez<\/a>, whose haunting analog work explores memory, presence, and sacred spaces. <\/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\"> Happening this week<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trilateral Ukraine, Russia, US talks in Abu Dhabi: <\/strong>The next round of trilateral negotiations between Ukraine, Russia, and the US will be held on Wednesday and Thursday in Abu Dhabi, Ukrainian President Volodymyr Zelenskyy said in a <a target=\"_blank\" href=\"https:\/\/x.com\/ZelenskyyUa\/status\/2017906757511659583\" style=\"\" rel=\"noopener\">post on X<\/a>. He added that Ukraine is seeking \u201ca real and dignified end to the war.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The talks would follow the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/27\/round-two-of-ukraine-russia-us-talks-in-abu-dhabi-on-sunday\/\" style=\"\" rel=\"noopener\">first round of meetings<\/a> held in the UAE capital at the end of January. The ceasefire negotiations came amid ongoing fighting, and security assurances and territorial disputes remained sticking points. However, in recent days both countries have scaled back their attacks following a temporary truce to protect energy infrastructure, which expired yesterday, <a target=\"_blank\" href=\"https:\/\/abcnews.go.com\/International\/round-us-russia-ukraine-talks-begin-feb-4\/story?id=129749027\" style=\"\" rel=\"noopener\">ABC News<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldgovernmentssummit.org\/events\/2026\" style=\"\" rel=\"noopener\">World Governments Summit<\/a><\/strong> <strong> runs from tomorrow to Thursday, 5 Februar<\/strong><strong>y in Dubai <\/strong>under the theme Shaping Future Governments. Government leaders, international organizations, and private-sector executives will focus on governance reform, technology, and global policy challenges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA\u2019<\/strong><strong>s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/luma.com\/o8778k2y\" style=\"\" rel=\"noopener\">MEVCA Investors Summit<\/a><\/strong><strong> takes place on Wednesday, 4 Fe<\/strong><strong>bruary in Abu Dhabi<\/strong>, gathering the venture capital community as capital allocators and fund managers assess fundraising conditions, LP sentiment, and sector priorities shaping the region\u2019s VC pipeline.<\/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:\/\/proptechconnect.com\/official-press-release-dubai-hosts-proptech-connect-middle-east-2026\/\" style=\"\" rel=\"noopener\">PropTech Connect Middle East<\/a><\/strong><strong> is happening <\/strong><strong>on Wednesday, 4 February and Thursday, 5 February in Dubai<\/strong>, bringing investors, developers, and property-tech firms together to discuss AI, data, blockchain, and digital tools reshaping real estate markets across the region.<\/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:\/\/forums.menamoney.org\/product\/test-arab-actuarial-conference-2026\/\" style=\"\" rel=\"noopener\">The International Arab Actuarial Conference<\/a><\/strong><strong> runs from Wednesday, 4 February until Friday, 6 February in Dubai<\/strong>, bringing together actuaries, insurers, regulators, and banks from across MENA. Sessions will focus on AI, health ins., cyber risk, catastrophe modeling, and pension sustainability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a quiet Monday morning in the global business press<\/strong>, with one story dominating the headlines \u2014 the gold and silver crash. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-01\/how-chinese-speculators-set-the-stage-for-gold-and-silver-crash?srnd=homepage-americas\" style=\"\" rel=\"noopener\">Bloomberg<\/a> is out with a piece looking at the role Chinese speculators played in the metals\u2019 rally and subsequent crash. The rally seen by gold, sustained over years by central banks hedging against potential losses from the USD, was intensified in recent weeks by a wave of buying from Chinese investors and equity funds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then came the selloff: <\/strong>As soon as the greenback started heading upwards, boosted by <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/01\/the-us-wants-american-companies-to-invest-in-egyptian-ports-but-geopolitics-not-economics-seems-to-be-driving-the-push\/\" style=\"\" rel=\"noopener\">news<\/a> of Kevin Warsh\u2019s nomination as Fed Chair, Shanghai cashed out its holdings in gold. The fallout saw the metal dropping at one point by more than USD 200 an ounce in ten minutes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Silver was another casualty of the sudden twist of fate<\/strong>, dropping by 27% on Friday \u2014 its biggest drop on record. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have more on the rebound of the USD and gold crash in this morning\u2019s Planet Finance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- Egypt, Qatar, Turkey to broker US-Iran talks this week: <\/strong>The Trump administration is reportedly open to a diplomatic solution with Iran, as Egypt, Qatar, and Turkey work to broker a sitdown in Ankara this week, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2026\/02\/01\/us-iran-deal-talks-trump\" style=\"\" rel=\"noopener\">Axios<\/a> reported, citing sources it says are in the know. Negotiations would involve a meeting between White House envoy Steve Witkoff and high level Iranian officials to discuss averting the breakout of a regional war. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> Market watch<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Op<\/strong><strong>ec+ is sticking to its guns and keeping oil output increases on hold th<\/strong><strong>rough March<\/strong>, attributing the decision to \u201cseasonality,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/pr-detail\/589-1-february-2026.html\" style=\"\" rel=\"noopener\">press release<\/a>. The cartel had agreed last year to pause hikes through 1Q 2026, after raising production quotas by about 2.9 mn barrels a day between April and December 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is despite oil prices increasing to over USD 70 a barrel last week<\/strong>, despite earlier expectations of a supply glut pushing prices down. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch:<\/strong> The next meeting is set for 1 March, and we have no forward guidance to go off of from Opec+, which is in itself \u201csignificant,\u201d an analyst told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-set-keep-planned-oil-output-pause-march-prices-jump-sources-say-2026-02-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. This could most likely be due to current geopolitical uncertainty, with the cartel possibly leaving all options on the table pending further clarity on ongoing tensions between the US and Iran. <\/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\"> Circle your calendar<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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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=\"112566\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE BIG STORY TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/abu-dhabi-centralizes-sovereign-wealth-by-folding-adq-into-limad\/\">\r\n                            L\u2019imad takes ADQ                        <\/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\" 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<\/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\/02\/02\/abu-dhabi-centralizes-sovereign-wealth-by-folding-adq-into-limad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112567\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/abu-dhabi-centralizes-sovereign-wealth-by-folding-adq-into-limad\/2147-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2147.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112566\" class=\"content-area-description single-story post-112566 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-adq tag-enterpriseam-uae tag-investment tag-the-big-story-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi has approved a major reshuffle of its state investment <\/strong><strong>architecture<\/strong>, folding Abu Dhabi-based investment giant ADQ under L\u2019imad Holding, a newer sovereign investment platform chaired by Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/supreme-council-for-financial-and-economic-affairs-issues-resolution-to-consolidate-the-assets-and-investments-of-limad-holding-and-abu-dhabi-developmental-holding-group\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What changed: <\/strong>Under a resolution issued by the Supreme Council for Financial and Economic Affairs, all of ADQ and L\u2019imad\u2019s assets and investments will be consolidated under L\u2019imad\u2019s umbrella, creating a single, enlarged sovereign investment vehicle. Just last week, ADQ\u2019s CEO was announced to be <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/30\/adq-ceo-moves-to-lunate\/\" style=\"\" rel=\"noopener\">stepping down from his role<\/a> and moving to Lunate as executive chairman.<\/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\">Why now<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts<\/strong><strong> say the move is about speed and tighter strategic control <\/strong>as regional competition intensifies. \u201cIt makes more sense to pool these resources and assets to make decisions and execute them swiftly at a time Abu Dhabi really needs to ramp up its geo-economic game,\u201d King\u2019s College London\u2019s Andreas Krieg said, pointing to pressure from rivals such as Saudi Arabia.<\/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\">Background: What L\u2019imad has been building <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As we\u2019ve <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/13\/new-abu-dhabi-investor-on-the-block-limad-appoints-board\/\" style=\"\" rel=\"noopener\">previously reported<\/a><\/strong><strong>, L\u2019imad plans to invest across priority sectors <\/strong>including infrastructure and real estate, financial services and asset management, advanced industries and technologies, urban mobility, and smart cities. The platform is chaired by Sheikh Khaled, with Jassem Al Zaabi as managing director and CEO, and joining them on the board is Mubadala CEO Khaldoon Al Mubarak. ADQ was formerly chaired by Sheikh Tahnoon bin Zayed, who also chairs AI investor MGX, the Abu Dhabi Investment Authority, and IHC, though he\u2019s not named as being one of L\u2019Imad\u2019s board members. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Recent moves:<\/strong><\/p>\n<ul>\n<li>Abu Dhabi <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/22\/this-morning-uae-bond-yields-spike-amid-global-bond-rout-abu-dhabis-limad-is-now-the-owner-of-mclaren-stake\/\" style=\"\" rel=\"noopener\">folded<\/a> state-backed mobility investor Cyvn Holdings into L\u2019imad, consolidating stakes including McLaren Racing \u2014 valued at more than GBP 3 bn \u2014 and an 18% holding in Chinese EV firm Nio;<\/li>\n<li>L\u2019imad acquired a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/31\/ihc-sells-modon-stake-closer-to-acquiring-stake-in-indias-sammaaan-capital\/\" style=\"\" rel=\"noopener\">42.5% stake<\/a> in Modon Holding from International Holding Company and ADQ;<\/li>\n<li>It also emerged <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/09\/this-morning-abu-dhabi-investor-backs-paramounts-hostile-bid-for-warner-bros-abu-dhabi-gets-fintech-insurance-digital-assets-cluster\/\" style=\"\" rel=\"noopener\">in December<\/a> as one of the Gulf backers of Paramount\u2019s USD 108.4 bn bid for Warner Bros, alongside Saudi Arabia\u2019s Public Investment Fund and the Qatar Investment Authority.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Why it matters<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scale. <\/strong><strong>Taken together, the platform could ultimately oversee hundreds of bns of USD<\/strong>, with ADQ\u2019s USD 263 bn in assets under management prior to the consolidation, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-30\/abu-dhabi-to-consolidate-wealth-fund-adq-l-imad-assets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The new entity could hold as much as USD 500 bn, Krieg said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ\u2019s assets are \u201cthe backbone of the Abu Dhabi economy,\u201d <\/strong>Global SWF\u2019s Diego Lopez told the business news outlet, adding that the enlarged platform \u201cwill be hugely influential and impactful.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond balance sheets, the move is equally about who\u2019s controlling what. <\/strong>Folding ADQ into L\u2019imad places Sheikh Khaled at the center of managing some of Abu Dhabi\u2019s most strategic holdings, adding to his more political role in Abu Dhabi as chairman of the Abu Dhabi Executive Council and Abu Dhabi crown prince. <\/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 to watch<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How quickly the enlarged L\u2019imad platform deploys capital<\/strong>, and whether centralized control translates into faster execution across infrastructure, energy, logistics, and technology \u2014 where Abu Dhabi is seeking long-term geo-economic influence.<\/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\/adq\/\">ADQ<\/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=\"112568\" 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=\"112568\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/\">\r\n                            Quiet UAE-US crypto agreement                        <\/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\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/\" 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\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/')\">\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\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/\">\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=Tahnoon-linked entity quietly buys into Trump-linked US crypto venture&url=https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/\">\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\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/&title=Tahnoon-linked entity quietly buys into Trump-linked US crypto venture\">\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=Tahnoon-linked+entity+quietly+buys+into+Trump-linked+US+crypto+venture+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F02%2F02%2Ftahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture%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\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1845.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112569\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/tahnoon-linked-entity-quietly-buys-into-trump-linked-us-crypto-venture\/1845-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1845.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1845.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1845.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1845.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112568\" class=\"content-area-description single-story post-112568 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-artificial-intelligence tag-crypto tag-enterpriseam-uae tag-ma tag-ma-watch tag-uae-us-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Entities backed by UAE National<\/strong><strong> Security Advisor Tahno<\/strong><strong>on bin Zayed <\/strong><strong>Al Nah<\/strong><strong>yan last year sn<\/strong><strong>apped up a 49% stake in World Liberty Financial<\/strong>, a US-based crypto company linked to US President Donald Trump, World Liberty spokesman David Wachsman confirmed to the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2026\/02\/01\/us\/politics\/trump-crypto-uae-world-liberty.html\" style=\"\" rel=\"noopener\">New York Times<\/a> after the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/spy-sheikh-secret-stake-trump-crypto-tahnoon-ea4d97e8\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> broke the news, citing company documents and people familiar with the matter. The agreement was quietly signed in January 2025, days before the US president\u2019s inauguration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The buyer was Aryam Investment 1, a Tahnoon-backed vehicle set to become World Liberty Financial\u2019s largest shareholder and take two board seats. The stake was valued at USD 500 mn, with USD 250 mn paid upfront \u2014 USD 187 mn of that first tranche flowed to Trump family entities, with the remainder going to companies linked to World Liberty\u2019s founders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline: <\/strong>Aryam Investment was registered as an entity roughly a week after US Special Envoy to the Middle East Steve Witkoff\u2019s visit to the UAE. The Emirates made its USD 1.4 tn investment pledge to the US a few months later, and it was later confirmed that a previous MGX USD 2 bn investment in crypto exchange Binance had been made using World Liberty Financial\u2019s USD 1 stablecoin. A final green light for Nvidia chip sales to the UAE came later <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/10\/us-greenlights-some-nvidia-ai-chip-sales-to-uae\/\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/10\/us-greenlights-some-nvidia-ai-chip-sales-to-uae\/\" style=\"\" rel=\"noopener\">October<\/a>.<\/p>\n<p class=\"tag-border-left\"> Our take <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has been pushing for broader access to US tech.<\/strong> The disclosure lands as Sheikh Tahnoon\u2019s efforts to unlock advanced AI infrastructure appear to be gaining traction, following negotiations at the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/en\/news\/story\/09d823b1-9a32-464b-ae4c-c89f82555fbf\/this-morning:-what-will-russians-in-the-uae-do-if-the-war-ends%3F-%2B-uae-official-to-seek-more-access-to-us-advanced-tech-next-week\" style=\"\" rel=\"noopener\">start of last year<\/a> to ease export restrictions as Abu Dhabi scaled its compute ambitions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The payoff so far: <\/strong>As we reported, Washington has since <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/10\/us-greenlights-some-nvidia-ai-chip-sales-to-uae\/\" style=\"\" rel=\"noopener\">cleared exports<\/a> of several USD bns worth of Nvidia AI chips to the UAE under a new framework tied to Emirati investment in US AI infrastructure, easing earlier curbs. The shift has helped advance projects such as the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/16\/uae-us-ink-usd-200-bn-investment-agreements-in-ai-critical-minerals-and-energy\/\" style=\"\" rel=\"noopener\">5 GW Stargate UAE AI campus<\/a>, priced at <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/27\/this-morning-italian-president-lands-in-uae-today-xrg-raises-stake-in-rio-grande-lng-project\/\" style=\"\" rel=\"noopener\">USD 30 bn<\/a>, with initial capacity expected to come online <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/21\/this-morning-uae-joins-the-us-board-of-peace-autonomous-vehicle-regulation-is-coming-to-rak\/\" style=\"\" rel=\"noopener\">within the next couple of months<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still moving:<\/strong> The UAE is continuing to build longer-term access pathways. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/15\/abu-dhabi-joins-pax-silica-the-us-tech-supply-chain-coalition\/\" style=\"\" rel=\"noopener\">Last month<\/a>, Abu Dhabi joined Pax Silica, a US-led initiative focused on securing AI-era supply chains \u2014 from advanced semiconductors to power and connectivity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch:<\/strong> Whether the new stake has any bearing on the pace or scope of approvals for future US chip exports tied to large-scale compute projects already underway.<\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-us-relations\/\">UAE-US relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112570 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=\"112570\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/112570\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112570\" class=\"content-area-description single-story post-112570 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=\"112571\" 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=\"112571\">\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\">TRADE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/non-oil-trade-hits-aed-3-8-tn-record\/\">\r\n                            Non-oil trade hits AED 3.8 tn record                        <\/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\/02\/02\/non-oil-trade-hits-aed-3-8-tn-record\/\" 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\/02\/02\/non-oil-trade-hits-aed-3-8-tn-record\/')\">\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\/02\/02\/non-oil-trade-hits-aed-3-8-tn-record\/\">\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=Non-oil trade hits AED 3.8 tn record&url=https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/non-oil-trade-hits-aed-3-8-tn-record\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" 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     <\/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\/02\/02\/non-oil-trade-hits-aed-3-8-tn-record\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/247.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112572\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/non-oil-trade-hits-aed-3-8-tn-record\/247-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/247.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"247.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/247.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/247.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112571\" class=\"content-area-description single-story post-112571 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-economy tag-enterpriseam-uae tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>UAE\u2019s<\/strong><strong> non-oil foreign trade hit AED 3.8 tn last year<\/strong>, marking a record high and a 26.8% rise y-o-y, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/2017568561808748791?s=20\" style=\"\" rel=\"noopener\">post on X<\/a> from Prime Minister Mohammed bin Rashid Al Maktoum and state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/byi7584-mohammed-bin-rashid-uae%E2%80%99s-non-oil-foreign-trade\" style=\"\" rel=\"noopener\">Wam<\/a>. The results come as average global trade saw a smaller 7% uptick, Foreign Trade Minister Thani bin Ahmed Al Zeyoudi told <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/byi752g-economic-partnership-negotiations-with-japan-eu\" style=\"\" rel=\"noopener\">Wam<\/a>. Non-oil foreign trade hit AED 2.8 tn <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/08\/the-uaes-non-oil-foreign-trade-exceeded-aed-2-8-tn-in-2024-cbuae\/\" style=\"\" rel=\"noopener\">in 2024<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the export side, non-oil trade volumes surpassed AED 813 bn<\/strong>, up 45.5% from 2024\u2019s figure and accounting for 21.6% of total trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s lower than imports<\/strong>, which came in at AED 2.1 tn during the year, up 25.7% y-o-y. However, re-exports \u2014 which came in at AED 830.2 \u2014 helps \u2014 nearly \u2014 bridge the gap between both.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The results put the Emirates 95% of the way toward its goal of reaching AED 4 tn<\/strong> in non-oil foreign trade by 2031 \u2014 which was already expected to be brought forward to 2027, Dubai Media Office said <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/17\/non-oil-trade-boom-continues-in-1q\/\" style=\"\" rel=\"noopener\">last summer<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key Emirati exports included <\/strong>aluminum, gold, precious metals, refined petroleum oils, and polypropylene polymers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CEPA agreements were credited with driving the rise<\/strong>, with 14 new agreements coming into effect by the end of last year. Trade agreements led to an uptick in trade with India (+15%), Turkey (+15%), Malaysia (+22%), and Australia (+37%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More are in the cards: <\/strong>An agreement with Japan is in its final stages, while negotiations with both the EU and Ecuador are seeing progress, Al Zeyoudi said.<\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112573\" 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=\"112573\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/abu-dhabi-inflation-accelerates-to-1-5-december\/\">\r\n                            Abu Dhabi inflation accelerates to 1.5% December                        <\/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\/02\/02\/abu-dhabi-inflation-accelerates-to-1-5-december\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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On a monthly basis, the consumer price index inched up to 0.4% in December, reversing a 0.3% decline the previous month, according to separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/58.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Housing, water, electricity, and gas <\/strong>\u2014 the largest component of the basket with a 33.6% weighting \u2014 saw a 4.2% climb in December, up from 3.9% in November. Furnishings, household equipment, and routine household maintenance inched up 5.5%, albeit at a slower pace than November\u2019s 5.9%. The ins. and financial services sector posted a 6.6% y-o-y increase, remaining unchanged for the fourth consecutive month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transport prices \u2014 the second largest component \u2014 returned to inflation territory (1.4%)<\/strong> after a 2.9% decline in November. This follows the Fuel Pricing Committee\u2019s upward adjustment of petrol and diesel prices at <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/03\/this-morning-november-was-a-bad-month-for-stocks-youll-pay-more-at-the-pump-this-month\/\" style=\"\" rel=\"noopener\">year-end<\/a>, before lowering them sharply in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/05\/this-morning-fuel-prices-slashed-for-january-minimum-wage-hiked-for-emiratis\/\" style=\"\" rel=\"noopener\">January<\/a> and modestly this month. Clothing and footwear prices plummeted 12.7% y-o-y, while recreation and culture costs fell 5% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a monthly basis<\/strong>, transport prices saw the largest jump in the basket with a 2.4% m-o-m uptick, reversing a 3.4% contraction in November. Personal care and miscellaneous goods rose 1.2% m-o-m, while tobacco inched up 0.3% m-o-m up, bouncing back from January\u2019s decline. This comes alongside incremental growth in housing (+0.3%) and furnishings (+0.3%), as well as marginal 0.1% upticks in food, communication, and restaurants. These gains were partially offset by a 4.2% drop in recreation and culture and a 0.3% dip in hotels and restaurants, while health, ins. and financial services, and education costs remained flat.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s inflation remains lower than <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/20\/dubais-inflation-accelerates-in-december-on-higher-transport-and-food-costs\/\" style=\"\" rel=\"noopener\">Dubai\u2019s<\/a><\/strong>, which accelerated to 2.99% in December, up from 2.73% in November, driven by higher transportation and food costs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>Inflation in Abu Dhabi is expected to decline below 1.5% in 2026, supported by a potential drop in UAE oil prices, MENA economist Hamzeh El-Gaaod told EnterpriseAM. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112575\" 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=\"112575\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/magellan-capital-scales-up-multi-strategy-fund-to-usd-975-mn\/\">\r\n                            Magellan Capital scales up multi-strategy fund to USD 975 mn                        <\/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\/02\/02\/magellan-capital-scales-up-multi-strategy-fund-to-usd-975-mn\/\" 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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Ahmed Omar (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ahmedomar\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), CEO and CIO of Magellan Capital, will lead the fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Magellan Capital first outlined plans <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/21\/magellan-capital-to-launch-usd-700-mn-hedge-fund\/\" style=\"\" rel=\"noopener\">in 2024<\/a> for a USD 700 mn multi-strategy hedge fund, which Bloomberg said at the time would rank among the UAE\u2019s largest hedge fund debuts. Preqin data showed that fewer than 5% of hedge funds globally raised more than USD 500 mn that year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s involved? <\/strong>The vehicle is fully anchored by in-house capital from Magellan\u2019s ultimate beneficial owner. We <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/21\/magellan-capital-to-launch-usd-700-mn-hedge-fund\/\" style=\"\" rel=\"noopener\">previously reported<\/a> that the fund\u2019s seed capital came from the family fortune of Magellan owner Hassan El Ali, whose family founded and sold Zakher Marine International to Adnoc Logistics & Services for USD 1.1 bn two years ago. The fund is open to institutional investors, family offices, and high-net-worth individuals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fund details: <\/strong>The Magellan Absolute Return fund marks the first time the firm is bringing on third-party capital, and will tap into emerging market credit, long-short investing, and long-only equities. The original plan was also to capitalize on arbitrage prospects between producers and suppliers, former Magellan Capital portfolio manager Britney Lam said at the time.<\/p>\n<p class=\"tag-border-left\">Remember: The firm has courted some controversy <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The same Britney Lam who left Magellan in October 2024 went on to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/this-morning-emirates-nbd-to-set-up-unit-in-india-ex-magellan-trader-files-complaints-over-alleged-regulatory-breaches\/\" style=\"\" rel=\"noopener\">file complaints<\/a> with the DFSA and UK Financial Conduct Authority (FCA), alleging that Omar concealed losses and blocked staff from raising risk concerns. At the time, the firm said it wasn\u2019t holding or managing client assets, hadn\u2019t been contacted by regulators, and was not currently being regulated by the FCA.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112577 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"112577\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/112577\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112577\" class=\"content-area-description single-story post-112577 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/web.facebook.com\/HassanAllamProperties\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/898.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112578\" 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=\"112578\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/binghatti-ghitha-turn-in-2025-results\/\">\r\n                            Binghatti, Ghitha turn in 2025 results                        <\/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\/02\/02\/binghatti-ghitha-turn-in-2025-results\/\" 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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Revenue from contracts with customers climbed 95.8% y-o-y to AED 12.4 bn. Results came on the back of a one-off AED 46.9 mn fair value gain on investments, as well as a 76.1% uptick in finance income. Binghatti had posted a 151.7% bottom-line jump <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/18\/e-adnh-binghatti-holding-and-more-report-2024-earnings\/\" style=\"\" rel=\"noopener\">for 2024<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proof on the ground: <\/strong>The results come during an active stretch, including the launch of an <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/17\/dubai-developers-still-bank-on-branding-even-as-doubts-grow-over-its-value\/\" style=\"\" rel=\"noopener\">AED 30 bn branded residence project<\/a> in Meydan in partnership with Mercedes-Benz, and reports of tapping banks for a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/06\/this-morning-binghatti-taps-banks-for-ipo-opec-agrees-to-another-production-hike-in-november\/\" style=\"\" rel=\"noopener\">possible IPO<\/a>. Total assets rose 91.8% y-o-y to AED 24.4 bn, the filing shows.<\/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\">Ghitha Holding posts AED 89.9 mn net income in 2025<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>griculture <\/strong><strong>and food pla<\/strong><strong>tform<\/strong> <strong>Ghitha Holding reported a net income of AED <\/strong><strong>89.9 mn <\/strong>last year, down from AED 2.7 bn the year before, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/60.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The downturn came as a 11.0% uptick in the cost of sales muted a 13.5% top-line boost to AED 5.6 bn, while the previous year\u2019s results benefited from a one-off AED 2.7 bn gain on a subsidiary derecognition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2025 snapshot: <\/strong>Improved cost efficiency and discipline, alongside a favorable product mix helped drive results for the year \u2014 which also saw solid expansion across core business lines and contributions from acquisitions, the firm said in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/68.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Last year saw five local food brands <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/21\/ad-ports-explores-green-energy-storage-jv-with-rotterdams-advario\/\" style=\"\" rel=\"noopener\">consolidated under Al Ain Farms Group<\/a>, backed by Ghitha, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/13\/ihc-shareholders-approve-multiply-ghitha-2pointzero-merger-appoint-leadership-for-post-merger-aed-120-bn-firm\/\" style=\"\" rel=\"noopener\">Ghitha itself became a listed subsidiary<\/a> of 2PointZero Group following a merger combining 2PointZero, Multiply Group, and Ghitha Holding into an AED 120 bn entity. <strong> <\/strong><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/binghatti\/\">Binghatti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ghitha\/\">Ghitha<\/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=\"112580\" 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=\"112580\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/fab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah\/\">\r\n                            FAB Formosa draws in USD 750 mn, FinMin raises AED 1.1 bn in t-sukuk, Tarabut acquires Bahraini AI player, and a PPP for Ras Al Khaimah                        <\/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\/02\/02\/fab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah\/\" 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\/02\/02\/fab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah\/')\">\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\/02\/02\/fab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah\/\">\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=FAB Formosa draws in USD 750 mn, FinMin secures AED 1.1 bn in t-sukuk, Tarabut acquires Bahraini AI player, and a PPP for Ras Al Khaimah&url=https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/fab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah\/\">\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\/02\/02\/fab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah\/&title=FAB Formosa draws in USD 750 mn, FinMin secures AED 1.1 bn in t-sukuk, Tarabut acquires Bahraini AI player, and a PPP for Ras Al Khaimah\">\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=FAB+Formosa+draws+in+USD+750+mn%2C+FinMin+secures+AED+1.1+bn+in+t-sukuk%2C+Tarabut+acquires+Bahraini+AI+player%2C+and+a+PPP+for+Ras+Al+Khaimah+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F02%2F02%2Ffab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah%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\/02\/02\/fab-formosa-draws-in-usd-750-mn-finmin-secures-aed-1-1-bn-in-t-sukuk-tarabut-acquires-bahraini-ai-player-and-a-ppp-for-ras-al-khaimah\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112580\" class=\"content-area-description single-story post-112580 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-artificial-intelligence tag-debt tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-ma tag-ras-al-khaimah tag-sukuk 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\">!_ImageURLWeb_! https:\/\/ent.news\/2026\/2\/86.jpg<\/p>\n<p class=\"tag-border-left\">FAB raises more Formosa funds <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> First Abu Dhabi Bank (FAB) raised USD 750 mn in its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/30\/fab-taps-formosa-markets-again\/\" style=\"\" rel=\"noopener\">USD-denominated<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/30\/fab-taps-formosa-markets-again\/\" style=\"\" rel=\"noopener\">Formosa bond issuance<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/first-abu-dhabi-banks-5-year-formosa-bond-priced-raises-750mln-a3faj3vl\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The Regulation S notes kept their initial price guidance of 75 basis points over the secured overnight financing rate, to be paid in arrears quarterly. The notes secured the expected Aa3 rating from Moody\u2019s and the issuance will be listed on the Taipei Exchange and London Stock Exchange. It marks the second time the lender has tapped debt markets this year, following a USD 750 mn five-year Eurobond <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/14\/fab-issues-usd-750-mn-senior-unsecured-notes\/\" style=\"\" rel=\"noopener\">in January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Cr\u00e9dit Agricole\u2019s Taipei branch, KGI Securities Co, and Standard Chartered Bank (Taiwan) served as joint lead managers, with Standard Chartered also acting as the billing and delivery bank, and FAB working as the structuring agent.<\/p>\n<p class=\"tag-border-left\">FinMin\u2019s first T-sukuk of the year almost 5x oversubscribed <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Finance Ministry\u2019s AED 1.1 bn T-sukuk auction in January <\/strong><strong>was 4.7x oversubscribed<\/strong>, receiving AED 5.6 bn in bids from primary dealers, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/byi74lb-t-sukuk-t-bonds-attract-aed515-billion-bids\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The auction included two tranches: a T-sukuk tranche, maturing in October 2027 and offering a yield of 3.66%, and a T-bond maturing in January 2031 with a yield of 3.90%. The yields represent a spread of 9 basis points above comparable US Treasuries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The total outstanding value now stands at AED 28 bn<\/strong>, with the latest issuance deepening the UAE\u2019s local debt capital market. It comes as the Finance Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/418ab212-60bc-4be5-a10c-e0c8712b6c17\/%253cmark%253eretail%253c%2Fmark%253e-investors-can-now-access-the-government%25e2%2580%2599s-t-%253cmark%253esukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">opens up its T-sukuk to retail investors<\/a> as well.<\/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\">Tarabut adds AI to its open-finance stack<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based open banking platform Tarabut acquired Servable<\/strong>, a Bahrain-founded, full-stack AI platform for regulated industries, for an undisclosed amount, according to a <a target=\"_blank\" href=\"https:\/\/www.tarabut.com\/blogs\/post\/tarabut-acquires-bahrain-founded-ai-platform-servable\" style=\"\" rel=\"noopener\">statement<\/a>. Servable will be folded into Tarabut\u2019s operations across Bahrain, Saudi Arabia, and the UAE, as it moves beyond data access into AI-driven decisioning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The transaction sharpens Tarabut\u2019s pitch to banks and fintechs seeking deployable AI, with full governance, privacy, and explainability integrated into its open-finance stack. It fits Tarabut\u2019s expansion push \u2014 as its CFO <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/12\/my-morning-routine-tariq-sanad-cfo-at-tarabut\/\" style=\"\" rel=\"noopener\">previously told us<\/a>, the firm is scaling in the UAE and KSA after securing in-principle <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/06\/another-addition-to-cbuaes-open-finance-network-ai-powered-parking-in-dubai\/\" style=\"\" rel=\"noopener\">approval<\/a> from the Central Bank of the UAE under the Open Finance framework.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tarabut has used M&A to build its stack before<\/strong>, acquiring London-based fintech Vyne <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/04\/open-banking-startup-tarabut-buys-londons-vyne-gulf-capital-exits-middle-east-glass\/\" style=\"\" rel=\"noopener\">in 2024<\/a> to roll out real-time, account-to-account payments starting in Bahrain, with Saudi Arabia and the UAE next.<\/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\">Ras Al Khaimah inks PPP for water treatment <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ras <\/strong><strong>Al Khaimah has signed its first public-private partnership<\/strong>, entering a long-term sewage treatment agreement with a consortium comprising Taqa Water Solutions, Etihad Water and Electricity (EtihadWE), and France\u2019s Saur International to develop a 60k cbm \/ d wastewater treatment plant serving up to 300k people, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/strategic-public-private-partnership-comprising-taqa-water-solutions-to-develop-largest-ras-al-khaimah-wastewater-treatment-plant\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will be delivered under a build-own-operate-transfer structure<\/strong>, with the consortium responsible for the design, financing, construction, operation, and maintenance of Ras Al Khaimah Wastewater Treatment Plant, before transferring ownership to the emirate\u2019s Public Services Department at the end of the concession period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The facility will anchor a broader wastewater and recycled-water network<\/strong>, including a 6.3-km gravity pipeline for wastewater collection and up to 26 km of transmission infrastructure for treated water distribution. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112581\" 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=\"112581\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/crowded-trades-reverse-as-metals-plunge-and-usd-gains\/\">\r\n                            USD rebound sends gold crashing                        <\/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\/02\/02\/crowded-trades-reverse-as-metals-plunge-and-usd-gains\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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data-attachment-id=\"112582\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/crowded-trades-reverse-as-metals-plunge-and-usd-gains\/91-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/91.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"91.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/91.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/91.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112581\" class=\"content-area-description single-story post-112581 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-gold tag-planet-finance tag-silver tag-wall-street wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A week of sharp market swings showed how quickly crowded trades can reverse.<\/strong> Tns of USD shifted as consensus bets stumbled, revealing the delicate positioning beneath an otherwise resilient bull market, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-30\/crowded-wall-street-trades-show-cracks-in-latest-2026-warning\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Precious metals bore the brunt of the volatility, with gold seeing its sharpest drop in decades and silver suffering a record-breaking plunge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened? <\/strong>The USD index posted its biggest single-day gain since May, strengthening the greenback and unwinding the debasement trade that had fueled metals. The rebound crushed short-USD positions, sending gold down more than 9% and silver about 27% in a single session while triggering the worst relative day for emerging-market equities versus US stocks since May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The selloff followed an extended period of crowding where gold had been trading around 44% <\/strong><strong>above its long-term trendline <\/strong>\u2014 a premium last seen in 1980. Long gold was already flagged as the most crowded global trade, according to Bank of America\u2019s fund manager <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/wealth\/global-investors-hit-hyper-bull-hedging-collapses-says-bofa-survey-2026-01-20\/\" style=\"\" rel=\"noopener\">survey for January<\/a>, leaving markets vulnerable to a violent correction once sentiment turned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What drove everyone to metals?<\/strong> <strong>The ever-increasing uncertainty taking over the global stage <\/strong><strong>since January<\/strong>, fueled by unpredictable decisions made by the Trump administration, such as the sudden military operation in Venezuela and the looming threat of attacks on Iran.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe unthinkable has been happening daily. <\/strong>The rally was obviously too much too fast,\u201d Nicky Shiels, analyst at MKS Pam, told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d3260ce9-94b5-4200-80a2-3d90e9031d98\" style=\"\" rel=\"noopener\">Financial Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Warsh effect: <\/strong>The selloff accelerated after US President Donald Trump nominated Kevin Warsh as Federal Reserve chair, with his hawkish reputation reviving uncertainty over the future path of rate cuts, according to Bloomberg analysts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors weigh next moves: <\/strong>Some investors who rode gold\u2019s rally are now questioning whether the pullback signals an early warning or just a pause. Jeff Muhlenkamp, whose USD 270 mn fund has benefited from the rally, told the business news service that the drop complicates exit decisions, as selling too soon risks missing further upside.<\/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\">It is shaping up to be another eventful week for markets, as investors digest the latest fluctuations in gold and silver prices, the USD\u2019s rebound after hitting lows not seen in years, and Trump\u2019s nominee for Jay Powell\u2019s replacement as Fed chair. Asia-Pacific markets are in the red this morning in early trading, with South Korea\u2019s Kospi leading losses. <\/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\">10,282<\/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: +2.9%)<\/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>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\">6,435<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,180<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.4% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.4% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.6% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,168<\/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: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">47,663<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +14.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,939<\/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: +1.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,224<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +2.9%)<\/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>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\">5,948<\/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\">+1.0% (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>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 69.32<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.35<\/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\">+11.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,745.1<\/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\">-11.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 76,664<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.1% (YTD: -12.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">USD 3.8<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.48<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">USD 17.44<\/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\">+3.3% (YTD: 16.7%)<\/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 0.7% on Friday<\/strong> on turnover of AED 976.1 mn. The index is up 6.4% 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>United Foods Company (+5.6%), National Cement Company (+4.1%), and Amlak Finance (+3.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Chimera S&P UAE UCITS ETF - Share Class A - Accumulating (-8.0%), Sukoon Takaful (-6.5%), and Dubai Islamic Bank (-2.3%). <\/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 0.8% on turnover of AED 1.5 bn. Meanwhile, Nasdaq Dubai was down 1.4%.<\/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\/gold\/\">gold<\/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\/silver\/\">Silver<\/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=\"112583\" 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=\"112583\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/abu-dhabi-italy-secure-trade-and-customs-agreement-uae-scotland-set-for-more-investment-flows\/\">\r\n                            Abu Dhabi strengthens bilateral trade ties with Italy, Scotland                        <\/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\/02\/02\/abu-dhabi-italy-secure-trade-and-customs-agreement-uae-scotland-set-for-more-investment-flows\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/abu-dhabi-italy-secure-trade-and-customs-agreement-uae-scotland-set-for-more-investment-flows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/89.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"112584\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/abu-dhabi-italy-secure-trade-and-customs-agreement-uae-scotland-set-for-more-investment-flows\/89-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/89.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"89.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/89.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/89.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112583\" class=\"content-area-description single-story post-112583 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-abu-dhabi-investment-office tag-diplomacy tag-enterpriseam-uae tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE<\/strong><strong>, Italy strengthen trade and customs corridor: <\/strong>An Abu Dhabi Department of Economic Development delegation inked several trade and customs agreements with Italy to strengthen growth across key sectors including manufacturing and agritech, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/abu-dhabi-and-italy-sign-agreements-to-accelerate-growth-of-entrepreneurship-manufacturing-and-agritech-v1byuc5l\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Investment Office signed two agreements with Italian institutions<\/strong> \u2014 Assolombarda, an industrial entrepreneurial association, and Confagricoltura, a body representing agricultural businesses. The agreements focus on manufacturing, clean energy, and digital transformation across the agri-food value chain within the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/06\/13\/abu-dhabi-inks-agreements-with-infrastructure-partners-and-universities-for-new-food-and-water-cluster\/\" style=\"\" rel=\"noopener\">AgriFood Growth and Water Abundance<\/a> cluster, aimed at strengthening bilateral cross-border trade and investment collaboration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- Abu Dhabi Customs entered into an agreement with Italy\u2019s <\/strong><strong>Customs and Monopolies Agency<\/strong> to work toward setting up a digital trade corridor to improve bilateral trade flows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE reaches investment agreement with Scotland:<\/strong> The UAE\u2019s Investment Ministry also just inked an agreement with Scotland to strengthen bilateral cooperation and investment flows, according to a Scottish <a target=\"_blank\" href=\"https:\/\/www.gov.scot\/news\/investment-cooperation-deal-agreed-with-uae\/\" style=\"\" rel=\"noopener\">government statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in the cards? <\/strong>SMEs and public-private partnerships are the focus, with the agreement looking to support bilateral investment flows via joint ventures, business forums, and trade and networking events to help Emirati and Scottish firms link up and scale in their counterpart countries.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-office\/\">Abu Dhabi Investment Office<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"112585\" 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\/02\/02\/112585\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-112585\" class=\"content-area-description single-story post-112585 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\">JANUARY<\/span><span style=\"font-weight:700\">   <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>31 January-7 February (Saturday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abu-dhabi.platinumlist.net\/event-tickets\/mubadala-abu-dhabi-open?utm_source=Google&utm_medium=P-Max&utm_campaign=MADO2026-PMax-Conversion&gad_source=1&gad_campaignid=23138933896&gbraid=0AAAAAqSmmAEtRc4Im65PSU2vo--3YbKzh&gclid=CjwKCAjwgeLHBhBuEiwAL5gNEcmIDto53W6gHSmaL-f0vIhZZ7YXPJCKOOjQqUyhhzVAF6LaZUmGBBoCf7EQAvD_BwE\" style=\"\">Mubadala Abu Dhabi Open<\/a><\/span><span style=\"font-weight:400;\">, International Tennis Center, Zayed Sports City.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY <\/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;\">Signposted to happen sometime this month: Investopia, Lagos, Nigeria. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 February (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldgovernmentssummit.org\/events\/2026\" style=\"\">The World Governments Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4 February (Wednesday): Ministerial dialogue for Pax Silica members, Washington, DC. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 February (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/luma.com\/o8778k2y\" style=\"\">Investors Summit<\/a><\/span><span style=\"font-weight:400;\">, ADGM, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-5 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/proptechconnect.com\/\" style=\"\">PropTech Connect Middle East<\/a><\/span><span style=\"font-weight:400;\">, Grand Hyatt Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-5 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mromiddleeast.aviationweek.com\/en\/register.html?utm_source=google&utm_medium=paid-search&utm_campaign=visprom_search&gad_source=1&gad_campaignid=19558918035&gbraid=0AAAAADE3xhz4mGYdRefZy6ULGhmIx-bUL&gclid=CjwKCAiAssfLBhBDEiwAcLpwfgCjuN5ADkGaofyHOtLAiuMS915YCfFDEZ8c1nqh9p_J0IYpd-61WBoCP1sQAvD_BwE\" style=\"\">MRO Middle East<\/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>4-6 February (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/forums.menamoney.org\/product\/test-arab-actuarial-conference-2026\/\" style=\"\">Arab Actuarial Conference<\/a><\/span><span style=\"font-weight:400;\">, Millennium Plaza Downtown Hotel, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-11 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aibc.world\/eurasia\/\" style=\"\">AIBC Eurasia<\/a><\/span><span style=\"font-weight:400;\">, Dubai Festival City, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 February (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/community.ionanalytics.com\/avcj-private-equity-forum-abu-dhabi-2026?utm_content=event&utm_source=linkedin&utm_medium=organic+social&utm_campaign=analytics+avcj+private+equity+forum+abu+dhabi\" style=\"\">AVCJ Private Equity Forum<\/a><\/span><span style=\"font-weight:400;\">, Four Seasons Hotel, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11 February (Wednesday): Family Office Summit, Park Hyatt Dubai, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 February (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tickets.med-tech.world\/medtechworld-dubai-2026?_gl=1*1rbgo74*_ga*MzY1NDU1NDM5LjE3Njk1MTcxNTA.*_ga_BFNNETQ8YK*czE3Njk1MTcxNDkkbzEkZzAkdDE3Njk1MTcxNDkkajYwJGwwJGgw\" style=\"\">MedTech World Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-15 February (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/siteglobal.com\/event\/site-global-conference-2026\" style=\"\">The Society for Incentive Travel Excellence Global Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-12 February (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldhealthexpo.com\/events\/healthcare\/dubai\/en\/home.html\" style=\"\">World Health Expo (WHX)<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/forbesmiddleeastevents.com\/top-advisors-investors-summit-abu-dhabi\/\" style=\"\">Top Advisors and Investors Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>31 March - 2 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bkogr9j-dubai-press-club-organise-arab-media-summit-2026\" style=\"\">Arab Media Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 March (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.socialcapital2026.com\/\" style=\"\">Social Capital Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 March (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eicalcongress.com\/\" style=\"\">Emirates 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 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>7-9 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adghw.com\/\" style=\"\">Future Health Summit<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-15 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.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): the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ips-dubai.com\/\" style=\"\">International Property Show<\/a><\/span><span style=\"font-weight:400;\">, Sheikh Zayed Rd, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.uitpsummit.org\/dubai2026\/\" style=\"\">UITP Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY <\/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 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.<\/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 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>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 style=\"font-weight:400;\">must appoint an accredited service provider for e-invoicing implementation. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen 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 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;\">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=\"font-weight:400;\">The UAE to host the Arab Competition Forum;<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bk8zh7y-investopia-host-inaugural-global-talks-tashkent\" style=\"\">Investopia Global Talks<\/a><\/span><span style=\"font-weight:400;\">, Tashkent.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">1 January: Deadline for large businesses to implement e-invoicing;<\/span><\/li>\n<li><span>1Q 2027: Completion of the first phase of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4e973fb-1779-41cf-b29f-f4df8c403414\/this-morning:-india%25e2%2580%2599s-kotak-receives-sca-license,-plans-retail-focused-funds-in-4q-2025-%2B-ifza-in-panama%3F\" style=\"\">Hassyan seawater desalination project<\/a><\/span><span style=\"font-weight:400;\">; <\/span><\/li>\n<li><span style=\"font-weight:400;\">31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation;<\/span><\/li>\n<li><span>31 March: Government entities<\/span> <span style=\"font-weight:400;\">are required to appoint an accredited service provider for e-invoicing implementation;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 July: Deadline for small businesses to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 October: Deadline for governments to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Abu Dhabi\u2019s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;<\/span><\/li>\n<li><span 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: Non-oil trade hits AED 3.8 tn record<\/p>\n","protected":false},"featured_media":112562,"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-112561","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1c8e10a3-cc11-44a4-a651-d2907129e3a7","teaser":"Plus: Non-oil trade hits AED 3.8 tn record","photo_url":"https:\/\/ent.news\/2026\/2\/102.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ADQ is now part of L\u2019Imad. 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