{"id":115368,"date":"2026-04-14T00:00:00","date_gmt":"2026-04-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=115368"},"modified":"2026-04-14T03:04:40","modified_gmt":"2026-04-14T03:04:40","slug":"gulf-capital-is-still-deploying-at-pace-luxury-demand-takes-a-hit","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/gulf-capital-is-still-deploying-at-pace-luxury-demand-takes-a-hit\/","title":{"rendered":"Gulf capital is still deploying at pace + luxury demand takes a hit"},"content":{"rendered":"<section id=\"115370\" 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=\"115370\">\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\/04\/14\/this-morning-operations-are-back-on-at-dana-gas-khor-mor-cma-issues-virtual-assets-framework\/\">\r\n                            THIS MORNING: Operations are back on at Dana Gas\u2019 Khor Mor + CMA issues virtual assets framework                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/593.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"593.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/593.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/593.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115370\" class=\"content-area-description single-story post-115370 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adx tag-crypto tag-dana-gas tag-digital-assets tag-dubai tag-enterpriseam-uae tag-healthcare tag-oil-gas tag-opec-2 tag-pakistan 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. <\/strong>The good news is: the ceasefire is continuing to hold, though ongoing <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/bahrain-summons-iraqi-charge-daffaires-over-drone-attacks-launched-iraq-2026-04-13\/\" style=\"\">drone attacks<\/a> on Bahrain are sparking concerns that some proxies in the war are not giving up. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the Strait of Hormuz front<\/strong>, the US military said it will begin <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-military-says-it-will-start-blockade-all-ships-going-iran-monday-2026-04-12\/\" style=\"\">blocking<\/a> all maritime traffic entering and leaving Iranian ports as of yesterday, as US forces also began setting conditions for mine <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/trump-says-us-forces-are-clearing-strait-hormuz-2026-04-11\/\" style=\"\">clearance<\/a> in Hormuz over the weekend. US warships are reportedly already moving through the waterway as part of their operation and the military says it\u2019s working to secure safe passage for commercial shipping.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re still seeing two contradictory narratives across business news, depending on where you\u2019re sitting: <\/strong>business remains as usual where investments and Gulf sovereign wealth funds are involved, according to newly published GlobalSWF data, while other sectors are reeling from the ongoing disruptions to shipping and tourism. Today, we look at the luxury sector. Let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s another pleasant, <\/strong><strong>mostly cloudy<\/strong><strong> day. <\/strong>Look for a high of 30\u00b0C and a low of 22-23\u00b0C in Dubai and Abu Dhabi, according to our favorite weather app. <\/p>\n<p class=\"tag-border-left\"> From the Dept. of the Resumption of Operations <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>DISRUPTION WATCH \u2014 Sharjah\u2019s Dana Gas has <\/strong><strong>resu<\/strong><strong>med operations at Iraq\u2019s Khor Mor field<\/strong> after weeks of intermittent output, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/572.pdf\" style=\"\">statement (pdf)<\/a>. The firm said it \u201ccarried out prudent operational procedures\u201d in coordination with local authorities while prioritizing staff safety and asset protection. As we <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/this-morning-the-uaes-non-oil-pmi-hit-a-12-month-high-in-feb-firms-signal-business-as-usual-amid-ongoing-conflict\/\" style=\"\">previously reported<\/a>, Dana Gas suspended production at Iraq\u2019s Khor Mor field at the start of March due to security concerns from the regional conflict.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewhere, disruption lingers:<\/strong> As we covered <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/06\/industrial-and-oil-and-gas-facilities-targeted-over-the-weekend-oracle-building-also-sees-minor-damage\/\" style=\"\">last week<\/a>, Iran has continued targeting industrial and infrastructure sites, with Borouge forced to suspend operations after debris triggered fires at its Al Ruwais plant. Strikes and falling debris also hit the Habshan gas facilities and Khor Fakkan Port as well as tech-linked buildings.<\/p>\n<p class=\"tag-border-left\">Watch this space <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong> CRYPTO \u2014 CMA moves to set out rules for virtu<\/strong><strong>al assets: <\/strong>The Capital Market Authority has rolled out a new virtual assets framework that brings more crypto players under its purview, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bzp2c5q-capital-market-authority-issues-virtual-assets\" style=\"\">Wam<\/a> reports. The move is a bid to bring trading, custody, advisory, and platform operations under a single \u201cintegrated regulatory regime\u201d through a consolidated rulebook.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The framework expands regulated activities from three to eight<\/strong>, now covering dealing (as principal and agent), custody and arranging custody, investment advice, portfolio management, arranging transactions, and operating trading platforms.<\/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:\/\/uaelegislation.gov.ae\/en\/legislations\/1623\/download\" style=\"\">Previously<\/a><\/strong><strong>,<\/strong><strong> regulated activities focused on the provision and operation of platforms for virtual assets<\/strong> as well as brokerage and custody services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also under the hood <\/strong>are dedicated modules spanning conduct, AML, and prudential requirements, alongside a trading systems framework covering both virtual asset platforms and tokenized securities, which aim to keep \u201cpace with [...] the convergence of traditional and digital models.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move follows Dubai\u2019s push to formalize the space: <\/strong>As we <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/01\/dubai-moves-to-regulate-cryptos-riskiest-trades-and-the-market-is-already-testing-it\/\" style=\"\">previously reported<\/a>, Vara rolled out a framework governing exchange-traded derivatives linked to virtual assets, opening the door for licensed firms to offer more complex products and signalling a shift toward a more structured, end-to-end regulatory regime.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a>  <strong>HEALTHCARE \u2014 Support measures<\/strong><strong> land in Dubai\u2019s healthcare freezone: <\/strong>The Dubai Healthcare City Authority is stepping in with a cashflow buffer for firms in the zone, rolling out support measures aimed at keeping operators steady as disruption ripples through key sectors, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/april\/13-04\/dubai-healthcare-city-authority-launches-measures-to-support-its-partners\" style=\"\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The package zeroes in on costs: <\/strong>Under the new measures, reinstatement and late renewal fees are waived for licences renewed between 1 April and 30 June, with the option to pay renewal costs in installments through the end of September. In addition, firms can also defer or restructure leasing payments and have related penalties waived.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Relief is stacking up: <\/strong>This is the latest in a widening wave of support across Dubai\u2019s ecosystem, including:<\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/07\/another-support-package-for-smes-rak-developer-pushes-ahead-with-dubai-expansion-and-kezad-sees-new-projects\/\" style=\"\">Rent relief, payment deferrals, and lease freezes<\/a> for SMEs in Dubai South;<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/01\/ihc-takes-stake-in-sammaan-smes-get-another-liquidity-cushion-mubadala-ihc-back-whoop-and-hospitality-financing-startup-launches-in-uae\/\" style=\"\">Waived setup fees and AED 10 mn+ in SME incentives<\/a> via Qashio;<\/li>\n<li>A broader <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dubai-is-offering-financial-stimulus-for-tourism-art-and-more\/\" style=\"\">AED 1 bn package<\/a> to cushion private sector pressure;<\/li>\n<li>A CBUAE <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/23\/could-cbuaes-resilience-package-help-insulate-local-banks-from-potential-outflows\/\" style=\"\">resilience package<\/a> to support local lenders.<\/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\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>17% \u2014 this is the y-o-y increase in net income <\/strong><strong>reported by ADX-listed companies in <\/strong><strong>2025<\/strong>, with total earnings climbing to over USD 54.5 bn (c. AED 200 bn), according to ADX data cited in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/575.pdf\" style=\"\">press release (pdf)<\/a>. Dividend payouts remained strong at close to AED 74 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How 4Q stacked up:<\/strong> The final quarter saw a sharper climb, with net earnings hitting AED 47.9 bn in 4Q 2025, up 35.8% y-o-y, according to Kamco Invest\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/571.pdf\" style=\"\">Abu Dhabi Corporate Earnings report (p<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/571.pdf\" style=\"\">df)<\/a>. <\/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>European Council President Ant\u00f3nio Costa kicked off a Gulf <\/strong><strong>tour today<\/strong>, with planned stops in the UAE, Saudi Arabia, and Qatar through tomorrow, according to an <a target=\"_blank\" href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2026\/04\/13\/president-costa-to-visit-united-arab-emirates-saudi-arabia-and-qatar\/\" style=\"\">official statement<\/a>. Scheduled meetings include with President Mohamed bin Zayed in Abu Dhabi, Saudi Crown Prince Mohammed bin Salman in Jeddah, and Qatar\u2019s Emir Sheikh Tamim in Doha.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all about taming the Iran conflict: <\/strong>\u201cOur priority and focus are on working with our Gulf partners to safeguard regional stability and protect our civilians and interests,\u201d Costa said. Brussels will coordinate with the regional leaders on de-escalation, primarily via \u201cnegotiation and diplomacy.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman <\/strong><strong>Sachs has made headlines today after its financial results for 1Q <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/04\/13\/goldman-sachs-gs-earnings-1q-2026.html\" style=\"\">beat expectations<\/a><\/strong>. The US investment bank\u2019s bottomline rose 19% y-o-y to USD 5.6 bn \u2014 driven by strong dealmaking and record-setting equities revenues. That said, the firm's fixed income revenue dropped 10% to USD 4 bn, missing StreetAccount\u2019s estimates set by a substantial USD 910 mn. The company attributed the slump to significantly lower returns in interest rate products, mortgages, and credit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also on Wall Street: Asset management giant BlackRock has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/jpmorgan-morgan-stanley-urge-buying-dip-us-earnings-stay-resilient-2026-04-13\/\" style=\"\">upgraded its forecast<\/a><\/strong><strong> for US equities<\/strong>, citing the limited broader impact of the conflict in Iran as key drivers for a positive market outlook. The firm raised its outlook from a notch to overweight from neutral, arguing that there is \"tangible evidence of actions\u201d that will lead to a resumption of traffic through the Strait of Hormuz. BlackRock singled out earnings in the tech sector as especially likely to shield stateside equities from fallout of the 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\">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=\"\">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=\"\">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=\"\">Egypt<\/a><\/strong><strong>,<\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\">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><a target=\"_blank\" id=\"kix.m0wibvwheyvg\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+\u2019s crude output averaged 35.06 <\/strong><strong>mn bbl \/ d in March<\/strong> \u2014 down 7.7 mn bbl \/ d m-o-m, or nearly 20% \u2014 with Iraq and Saudi Arabia seeing the largest declines as flows remain constrained, according to the group\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/574.pdf\" style=\"\">monthly oil report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Q2 demand trimmed, but 2026 growth outlook holds steady: <\/strong>The group cut its forecast for global oil demand in the second quarter by 500k bbl \/ d to an average of 105.07 mn bbl \/ d. The group left its 2026 demand growth forecast unchanged at 1.38 mn bbl \/d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That leaves the market reading two signals at once <\/strong>\u2014 demand expectations are easing on paper while actual supply tightness is being driven by logistics and geopolitics rather than deliberate cuts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Opec+ decided earlier this month to boost oil <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/04\/06\/today-hormuz-access-is-now-determined-by-ownership-and-cargo\/\" style=\"\">output<\/a> by 206k bbl \/ d for May, with Saudi alone contributing 62k bbl \/ d. The hike may only take effect on paper, as key nations remain unable to raise production amid the US-Iran conflict.<\/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\/adx\/\">ADX<\/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\/dana-gas\/\">Dana Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/digital-assets\/\">digital assets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-gas\/\">Oil &amp; 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Funds including Abu Dhabi sovereign wealth fund Mubadala, Saudi Arabia\u2019s PIF, and the Qatar Investment Authority deployed almost USD 25 bn during the quarter, according to Global SWF data picked up by <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/04\/13\/2026\/war-or-peace-gulf-wealth-funds-keep-investing?utm_medium=gulf&utm_campaign=flagshipnumbered2&utm_source=newsletterlink\" style=\"\">Semafor<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deep pockets explain the paper trail: <\/strong>Gulf sovereign funds now control around USD 5 tn in assets \u2014 a figure expected to balloon to nearly USD 18 tn by 2050 \u2014 giving them the firepower to absorb shocks and keep capital flowing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf investors remain heavily tied to international markets<\/strong>, particularly the US, where depth in tech, infrastructure, and finance makes a rapid reallocation difficult. Recent agreements, including wagers on AI, media, and energy assets, suggest existing commitments are still being honored.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Case<\/strong><strong> in point: <\/strong>Mubadala just last week <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/08\/mubadala-capital-closes-third-brazil-fund-nearing-usd-1-bn\/\" style=\"\">closed<\/a> its third Brazil fund, overshooting its initial target of USD 750 mn with USD 900 mn raised. It\u2019s not just Mubadala \u2014 the Abu Dhabi Investment Authority has also kept active, ramping up exposure to private credit in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/25\/adia-launches-significant-risk-transfer-fund-with-crc\/\" style=\"\">Europe<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/16\/adia-commits-to-dingaris-apac-real-estate-credit-fund-2\/\" style=\"\">Asia<\/a>.<\/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 if the war drags on?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Overseas deployment is likely to slow down<\/strong>, with capital redirected toward government support, domestic industries, or strategic sectors like aviation and defense, effectively crowding out some global investments, Global SWF\u2019s Diego L\u00f3pez said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this, to an extent: <\/strong>Global SWF <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/06\/abu-dhabi-sovereign-wealth-funds-could-repurpose-their-strategies-toward-critical-sectors-in-case-of-a-war-escalation\/\" style=\"\">said last month<\/a> that Abu Dhabi\u2019s sovereign funds could scale back overseas investments or redirect capital toward domestic \u201cresilience\u201d priorities if disruption to Hormuz persists. Adia would likely rebalance into liquid markets, while Mubadala and L\u2019Imad could refocus on supply chains, infrastructure, and economic stability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, Mubadala<\/strong><strong> could also be well positioned to hunt for bargains<\/strong>, deploying capital opportunistically into distressed assets, L\u00f3pez said. The state-backed power house has <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/10\/mubadala-hits-aed-1-4-tn-aum-uae-investments-contribute-5-7-of-abu-dhabi-non-oil-gdp\/\" style=\"\">recently reached AED 1.4 tn in AUM<\/a>, as it upped deployment across AI, healthcare, financial services, and private credit.<\/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-authority\/\">Abu Dhabi Investment Authority<\/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\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sovereign-wealth\/\">sovereign wealth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sovereign-wealth-fund\/\">sovereign wealth fund<\/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=\"115375\" 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=\"115375\">\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\">RETAIL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/luxury-boom-cools\/\">\r\n                            Luxury demand takes a hit                        <\/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\/04\/14\/luxury-boom-cools\/\" 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\/04\/14\/luxury-boom-cools\/')\">\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\/04\/14\/luxury-boom-cools\/\">\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=Luxury boom cools&url=https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/luxury-boom-cools\/\">\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\/04\/14\/luxury-boom-cools\/&title=Luxury boom cools\">\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=Luxury+boom+cools+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F04%2F14%2Fluxury-boom-cools%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\/04\/14\/luxury-boom-cools\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/591.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115376\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/luxury-boom-cools\/591-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/591.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"591.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/591.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/591.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115375\" class=\"content-area-description single-story post-115375 post type-post status-publish format-standard has-post-thumbnail hentry category-retail tag-dubai-mall tag-enterpriseam-uae tag-majid-al-futtaim tag-retail wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a target=\"_blank\" id=\"kix.qtf30l28wapc\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sales <\/strong><strong>at high-end brands in<\/strong><strong> Dubai and Abu Dhabi dropped sharply in<\/strong><strong> March<\/strong> as the Iran conflict hit what had been one of the industry\u2019s fastest-growing markets, with declines of 30-50% y-o-y at luxury brands housed at the Mall of the Emirates, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/luxury-brands-face-profits-squeeze-iran-conflict-shrinks-dubai-mall-sales-2026-04-13\/\" style=\"\">Reuters<\/a> reports, citing a source familiar with the data. Even Abu Dhabi, which is typically more insulated and less tourism-reliant, saw sales at the Galleria mall fall by around 10% across the board.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Footfall tells the same story: <\/strong>Traffic at Mall of the Emirates fell around 15% in March, while the more tourist-heavy Dubai Mall saw visits drop by roughly half, according to two industry sources cited by Reuters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The w<\/strong><strong>orst case scenario actually happened:<\/strong> The luxury retail sector is only one of many victims of the regional conflict. Around 60% of luxury spending in the UAE comes from tourists, many of whom are staying away due to the ongoing conflict, according to Morgan Stanley. Knock-on effects from rising oil prices and disrupted supply chains could dampen retail appetite even further. Back in March, Bernstein analyst Luca Solca had told <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/03\/27\/iran-war-wipes-out-100-billion-from-luxury-stocks.html\" style=\"\">CNBC<\/a> that a 50% dip in sales for the month would constitute a worst-case scenario.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The trend hits what was a key growth engine for the Middle East. <\/strong>The region, which accounts for about 5% of global luxury consumption, delivered consistent double-digit growth in recent years, head of luxury research at Barclays Carole Madjo told Reuters. It was the fastest-growing market last year, expanding 6-8% while growth elsewhere stalled, according to Solca. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And fo<\/strong><strong>r the UAE in particular:<\/strong> An AED 10 bn retail platform from Aldar and Mubadala announced <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/04\/aldar-mubadala-fold-yas-mall-the-galleria-into-single-aed-10-bn-retail-platform\/\" style=\"\">earlier this year<\/a> was the latest step from the Emirates to scale its destination retail offering. The plan came just as retail supply continued to tighten, with prime mall occupancy nearing 98% at Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai had been doing most of the heavy lifting<\/strong>, driving roughly 80% of the UAE\u2019s growth, with the country itself accounting for more than half of regional gains, according to Morgan Stanley data cited by CNBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors are already reacting: <\/strong>Shares of LVMH and Herm\u00e8s are down roughly 16% and 20% this month, compared to a smaller drop in the S&P 500. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An international issue: <\/strong>The global luxury market had already been under pressure, with annual sales slipping 2% last year and more than EUR 100 bn wiped off the combined market value of major luxury firms, according to <a target=\"_blank\" href=\"https:\/\/www.bain.com\/about\/media-center\/press-releases\/20252\/global-luxury-stays-resilient-despite-economic-headwinds-and-shifting-consumer-trends-that-reshape-marketbain--company-and-altagamma\/\" style=\"\">Bain & Company data<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook: <\/strong>A recovery had been pencilled for 2026, but now the timeline could slip as investor confidence is at its lowest in years, UBS analysts warn, according to CNBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone is stepping back: <\/strong>Mytheresa is still planning to expand in the Middle East, arguing the region\u2019s concentration of wealthy clients remains intact despite the disruption, the group\u2019s CEO Francis Belin told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/57c5d3b8-cc31-48fd-9a7d-838040b5b7bc?syn-25a6b1a6=1\" style=\"\">Financial Times<\/a>. The region already accounts for 10% of Mytheresa\u2019s revenues. Some retailers are also still active, bypassing physical outlets and selling to customers directly, or in other markets, he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-mall\/\">Dubai Mall<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/retail\/\">retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115377 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"115377\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/115377\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115377\" class=\"content-area-description single-story post-115377 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115378\" 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=\"115378\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/\">\r\n                            SIB\u2019s net income rises 19.4% y-o-y in 1Q 2026                        <\/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\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/\" 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\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/')\">\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\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/\">\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=SIB\u2019s net income rises 19.4% y-o-y in 1Q 2026&url=https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/\">\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\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/&title=SIB\u2019s net income rises 19.4% y-o-y in 1Q 2026\">\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=SIB%E2%80%99s+net+income+rises+19.4%25+y-o-y+in+1Q+2026+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F04%2F14%2Fsibs-net-income-rises-19-4-y-o-y-in-1q-2026%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\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1976.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115379\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/1976-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1976.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1976.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1976.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1976.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115378\" class=\"content-area-description single-story post-115378 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-banking tag-earnings-watch tag-enterpriseam-uae tag-sharjah-islamic-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a target=\"_blank\" id=\"id.9ozr751nttm9\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sharjah Islamic Bank kicks off earnings season: <\/strong>Sharjah Islamic Bank (SIB)\u2019s net income climbed 19.4% y-o-y to AED 380.7 mn in 1Q 2026, driven by core business growth and stronger funding, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/581.pdf\" style=\"\">disclosure (pdf)<\/a>. A 21.1% increase in operating income to AED 644.1 mn \u2014 which offset a 17.9% rise in operating expenses \u2014 also supported bottom-line growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn during the quarter<\/strong>, while inflows from fees and commissions rose 9.3% to AED 179.7 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Customer deposits climbed 10.3% to AED 61.4 bn over the same period<\/strong>, while total assets inched up 1% to AED 90.9 bn on the back of increased investments in Islamic financing, which rose 2.6% to AED 46.8 bn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-islamic-bank\/\">Sharjah Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115380 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"115380\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/115380\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115380\" class=\"content-area-description single-story post-115380 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/web.facebook.com\/HassanAllamProperties\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/414.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115381\" 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=\"115381\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/finreon-opens-difc-office-etihad-expands-china-routes-sobha-enters-abu-dhabi-with-aed-40-bn-plan-and-more-tasreef-work-completed\/\">\r\n                            Finreon opens DIFC office, Etihad expands China routes, Sobha enters Abu Dhabi with AED 40 bn plan, and more Tasreef work completed                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n 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href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/finreon-opens-difc-office-etihad-expands-china-routes-sobha-enters-abu-dhabi-with-aed-40-bn-plan-and-more-tasreef-work-completed\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/542.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115382\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/finreon-opens-difc-office-etihad-expands-china-routes-sobha-enters-abu-dhabi-with-aed-40-bn-plan-and-more-tasreef-work-completed\/542-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/542.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"542.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/542.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/542.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115381\" class=\"content-area-description single-story post-115381 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-difc tag-dubai-international-financial-center tag-enterpriseam-uae tag-etihad-airlines tag-finance tag-infrastructure tag-real-estate tag-sobha wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">Quant\u2019s money heads to the DIFC<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Swiss asset manager Finreon opened a licensed representative office <\/strong><strong>in<\/strong> <strong>the Dubai International Financial Center (DIFC)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/finreon-expands-into-the-middle-east-with-dubai-office-opening-o3gna12n\" style=\"\">press release<\/a>. The move marks the firm\u2019s entry into the Middle East as it targets the region\u2019s growing institutional capital base across equities, fixed income, and alternatives. Finreon manages around USD 7 bn in assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- DIFC is getting a policy tailwind:<\/strong> As we\u2019ve previously reported, regulators are rolling out <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/10\/govt-support-extends-to-difc-diez-firms\/\" style=\"\">support measures for DIFC firms<\/a> amid a wider wave of government interventions during the conflict. ICICI Prudential Asset Management, one of India\u2019s largest asset managers, has also recently <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/11\/shorooq-backs-ami-labs-usd-1-bn-funding-round-icici-prudential-asset-management-opens-in-difc\/\" style=\"\">launched in DIFC<\/a>, underscoring how global asset managers continue to anchor themselves in the hub, even as <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/09\/uncertainty-reigns-as-ceasefires-fate-hangs-in-the-balance\/\" style=\"\">analysts told us<\/a> that shaken investor confidence may take time to fully recover.<\/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\">Dubai completes AED 250 mn Al Quoz sewage upgrade <\/p>\n<p><a target=\"_blank\" id=\"id.72d9ayzbs6tg\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai <\/strong><strong>has completed the first<\/strong><strong> phase of a AED 500 mn sewage and <\/strong><strong>stormwater infrastructure upgrade in Al Quoz Creative Zone<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/april\/12-04\/dubai-municipality-completes-phase-1-al-quoz-sewer-project-aed250m\" style=\"\">Dubai Media Office<\/a>. The first phase included installing 15 km of sewerage pipelines and 14k km of stormwater drainage. The project will cover 1.6k hectares across Al Quoz Industrial areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Dubai has been working to improve its drainage system<\/strong> after the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/17\/yesterday-saw-a-years-worth-of-rain-cause-severe-flooding-and-damage-across-the-country\/\" style=\"\">April 2024<\/a> floods exposed flaws in its infrastructure. The Tasreef program is the main pillar of the plan, with Dubai <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/27\/this-morning-adnoc-eyes-shell-lng-project-in-australia-more-headway-on-dubais-sewage-project\/\" style=\"\">awarding AED 2.5 bn<\/a> in contracts earlier this year for infrastructure developments on key roads. The <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/11\/this-morning-us-energy-secretary-visits-adnoc-hq-explores-more-us-uae-cooperation\/\" style=\"\">USD 22 bn<\/a> sewage tunnel project will cover 70 km of main tunnels and 140 km of supporting infrastructure.<\/p>\n<p class=\"tag-border-left\">Etihad deepens China expansion with five new routes <\/p>\n<p><a target=\"_blank\" id=\"id.esiy3hs03bk6\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad <\/strong><strong>Airways is adding five new mainland China routes and<\/strong><strong> 28 weekly <\/strong><strong>flights<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-airways-expands-china-network-strengthens-china-eastern-joint-venture-with-five-new-routes-and-28-additional-weekly-flights\" style=\"\">press release<\/a>. The new routes \u2014 Shanghai, Guangzhou, Chengdu, Hangzhou, and Shenzhen \u2014 will all run on Boeing 787-9 aircraft, alongside the airline\u2019s existing daily Beijing service. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Momentum has been building over the past year: <\/strong>China Eastern Airlines launched four weekly direct flights between Abu Dhabi and Shanghai <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/05\/more-direct-flights-to-china-ihc-eyes-lunates-ghaf-benefits-scheme\/\" style=\"\">last year<\/a>, the first time a Chinese carrier operated a direct route to the UAE capital. Etihad isn\u2019t the only one eyeing the growing UAE-China corridor, with Emirates recently kicking off <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/04\/you-can-now-major-in-ai-at-mbzuai-g42-partners-on-ai-adoption-in-private-and-public-sectors\/\" style=\"\">flights to Shenzhen<\/a> as part of plans to increase its air traffic to China <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/04\/adipec-uae-govt-annual-meetings-kick-off\/\" style=\"\">by 40%<\/a> on the back of rising demand.<\/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\">Dubai\u2019s Sobha looks to Abu Dhabi<\/p>\n<p><a target=\"_blank\" id=\"id.9lvmd3cbp2if\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based developer <\/strong><strong>Sobha Realty <\/strong><strong>is stepping<\/strong><strong> into Abu Dhabi in a big way<\/strong>, lining up an AED 40 bn master-planned community, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/sobha-realty-enters-abu-dhabi-with-11bln-sobha-city-ojvrtpaz\" style=\"\">press release<\/a>. The waterfront Sobha City development in Al Bahia marks its first development beyond Dubai and Umm Al Quwain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Around 4k apartments and 3k villas will be built over the 38 mn sq ft development, alongside schools, healthcare and retail facilities, lifestyle amenities, and green spaces. Phase 1, covering roughly a third of units, is slated for handover in 4Q 2029.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Some Dubai developers have seen <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/26\/is-dubai-real-estate-credit-cracking\/\" style=\"\">recent cracks in their credit stacks<\/a>, and despite an issuance seeing its spread widen, Sobha has affirmed its liquidity position and strong backlog. Last year, the developer\u2019s parent firm clocked <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/23\/real-estate-boom-helps-boost-sobha-aradas-earnings-sib-posts-double-digit-earnings-jump\/\" style=\"\">AED 4 bn in net income<\/a>, while Sobha itself had a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/11\/dewa-tabreed-and-sobha-report-strong-earnings-on-strong-demand-as-dana-gas-quarterly-performance-takes-a-minor-hit\/\" style=\"\">AED 27 bn backlog at the end of 1H 2025<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/difc\/\">DIFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airlines\/\">Etihad Airlines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sobha\/\">Sobha<\/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=\"115383\" 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=\"115383\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/wall-street-built-a-tool-to-short-private-credit\/\">\r\n                            The Medium Short                        <\/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\/04\/14\/wall-street-built-a-tool-to-short-private-credit\/\" 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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If you buy a CDS on an entity and that entity defaults, the seller of the swap pays you out. Historically, these derivatives have offered protection against the risk of a bond issuer, such as a corporation, a bank, or a sovereign government, failing to repay its creditors. The new index allows investors to purchase ins. against defaults by the index's members, meaning the value of the index will rise if market sentiment sours on these specific firms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>If this sounds familiar, it should: <\/strong>CDSs were the notorious financial instruments at the center of the 2008 financial crisis, used famously by traders to bet against the housing market in The Big Short. Back then, they were used to insure subprime mortgage-backed securities. When the housing market collapsed, institutions that had sold massive amounts of these swaps \u2014 like AIG \u2014 couldn't cover the resulting payouts, triggering systemic global contagion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Why it matters: <\/strong>The private credit market has exploded into a massive industry, valued anywhere from USD 1.8 tn to over USD 3 tn. Betting against it has historically been a clunky and costly headache for traders. This new derivative gives hedge funds a rapid mechanism to profit from a potential sector downturn, while allowing major banks to hedge the massive loans they've made to private credit managers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The timing is no accident: <\/strong>Private credit funds are facing their toughest stress test since the period following the 2008 financial crisis. Retail investors are increasingly trying to pull their capital amid a spate of defaults, alongside growing fears that the AI boom will upend the software companies these funds heavily rely on for returns.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Custom-made: <\/strong>Writing the CDS directly on business development companies (BDCs) \u2014 a specific type of private credit fund \u2014 offers a direct line to short the sector rather than relying on proxy wagers, S&P Dow Jones Indices' Nicholas Godec told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-10\/wall-street-seizes-on-private-credit-fears-with-new-way-to-short\" style=\"\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Pundits are seeing attraction: <\/strong>\u201cPrivate credit has grown fast and there's a lot of financial exposure arising in different ways so there is a real demand for this product,\u201d Barclays head of credit strategy Dominique Toublan told the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/wall-street-builds-new-tool-to-bet-against-private-credit-bdf8bafa\" style=\"\">Wall Street Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The glaring omission? Blue Owl Capital<\/strong>. The private credit giant was initially slated for inclusion but was quietly scrubbed from the final roster following feedback from market players. Market participants warned that Blue Owl has been under so much recent stress that keeping it in would make the broader index \u201ctoo idiosyncratic\u201d right out of the gate, Godec told Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>What comes next:<\/strong> Expect immediate trading volume from the bears. Heavy hitters like Boaz Weinstein's Saba Capital actively advocated for the creation of this exact product. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">A roster of major lenders \u2014 including Bank of America, Barclays, Deutsche Bank, and Goldman Sachs \u2014 are slated to begin selling the derivatives to clients very soon.<\/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\">Despite the US\u2019 ongoing blockade on Iran, Asian markets are rallying across the board. Japan\u2019s Nikkei is seeing gains of around 2.5% in early trading, while South Korea\u2019s Kospi is up around 3.2%. Meanwhile, US futures are largely trading flat. <\/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\">9,786<\/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: -2.1%)<\/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>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,668<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: -6.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,662<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2% (YTD: -4.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.6% 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\">4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,427<\/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: +8.9%)<\/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>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\">49,079<\/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: +17.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">6,863<\/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: +0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,583<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,905<\/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: +1.9%)<\/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>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 99.36<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+4.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.62<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4,771<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 73,262<\/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\">+2.8% (YTD: -16.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.66<\/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% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&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<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">19.12<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +27.9%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.5% yesterday<\/strong> on turnover of AED 998.8 mn. The index is down 2.1% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Aram Group (+4.0%), Gulf Medical Projects Company (+3.6%), and NMDC Energy (+3).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Fujairah Building Industries (-4.9%), Invest Bank (-4.8%), and Ins. House (-4.6%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.8% on turnover of AED 732.9 mn. Meanwhile, Nasdaq Dubai was down 1.2%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115385\" 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\/04\/14\/115385\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115385\" class=\"content-area-description single-story post-115385 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;\">APRIL <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20-22 April (Monday-Wednesday): Abu Dhabi Global Entrepreneurship Festival, Abu Dhabi Energy Center, Abu Dhabi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21 April (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fao.org\/neareast\/about\/regional-conference-for-the-near-east-and-north-africa-(nerc)\/nerc38\/en\" style=\"\">FAO Regional Conference for the Near East (NERC38)<\/a><\/span><span style=\"font-weight:400;\">, Al Ain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/schneider-electric-to-advance-energy-technology-to-power-intelligence-at-innovation-summit-middle-east-and-africa-mii8c2t1\" style=\"\">Innovation Summit Middle East & Africa<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 May (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.miite.ae\/\" style=\"\">Make It in the Emirates<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-24 May (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/february\/24-02\/dubai-esports\" style=\"\">Dubai Esports and Games Festival<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aieverythingglobal.com\/home\" style=\"\">AI Everything Global<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-15 May (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifuturefinanceweek.com\/\" style=\"\">Dubai Future Finance Week<\/a><\/span><span>, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">12-14 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/abu-dhabi-projects-and-infrastructure-centre-launches-2nd-abu-dhabi-infrastructure-summit-to-advance-smart-sustainable-cities\/\" style=\"\">Abu Dhabi Infrastructure Summit<\/a><\/span><span style=\"font-weight:400;\">, ICC Hall, 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=\"\">19-20 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.capitalmarketsummit.ae\/\" style=\"\">Capital Market Summit<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-22 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-directives-of-khaled-bin-mohamed-bin-zayed-department-of-energy-to-launch-abu-dhabi-water-power-week-in-may-2026\/\" style=\"\">Abu Dhabi Water and Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indico.un.org\/event\/1021967\/\" style=\"\">Arab Competition Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-4 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/arqaammenaconference.com\/\" style=\"\">MENA Investor Conference<\/a><\/span><span style=\"font-weight:400;\">, Ritz-Carlton DIFC, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 June - 15 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaimallathon.ae\/\" style=\"\">Dubai Mallathon<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-24 June (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 style=\"font-weight:700;\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>31 July (Friday):<\/span> <span>Large businesses achieving annual revenues equal to or above AED 50<\/span> <span>mn<\/span> <span>must appoint an accredited service provider for e-invoicing implementation. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-20 August (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.khaleejtimes.com\/arabic\/business\/%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D9%85%D8%B9%D8%B1%D8%B6-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D9%81%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-2026-%D8%A5%D9%84%D9%89-%D8%A3%D8%BA%D8%B3%D8%B7%D8%B3-%D8%A7%D9%84%D8%B3%D9%84%D8%A7%D9%85%D8%A9-%D8%A3%D9%88%D9%84%D8%A7\" style=\"\">Arabian Travel Market<\/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 style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-3 September (Tuesday-Thursday: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 September (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>7-9 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/international-property-show-2026\/\" style=\"\">International Property Show<\/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>12-13 September (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 style=\"font-weight:700;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-10 October (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/space.gov.ae\/en\/media-center\/events\/world-space-week\" style=\"\">World Space Week<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 October (Monday-Wednesday: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb.html\" style=\"\">Airport Show<\/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>20-22 October (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 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>4 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digitransformationsummit.com\/uae\/\" style=\"\">Digital Transformation Summit<\/a><\/span><span style=\"font-weight:400;\">, Sofitel, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-10 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bmkxm3q-mohammad-gergawi-announces-dates-next-uae\" style=\"\">Annual government meetings<\/a><\/span><span>, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/february\/24-02\/rta-organises-the-inaugural-edition-of-dubai-international\" style=\"\">Dubai International Electric Vehicle Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-4 December (Wednesday-Friday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unwater.org\/news\/2026-un-water-conference\" style=\"\">UN Water Conference<\/a><\/span><span>, UAE.<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Signposted to happen in 2026: <\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bk8zh7y-investopia-host-inaugural-global-talks-tashkent\" style=\"\">Investopia Global Talks<\/a><\/span><span style=\"font-weight:400;\">, Tashkent;<\/span><\/li>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/ar\/article\/bypc4bk-%D8%A5%D9%86%D9%81%D8%B3%D8%AA%D9%88%D8%A8%D9%8A%D8%A7-%D8%AA%D8%B9%D9%84%D9%86-%D8%B4%D8%B1%D9%83%D8%A7%D8%A6%D9%87%D8%A7-%D8%A7%D9%84%D8%A5%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D9%8A%D9%86-%D9%84%D8%B9%D8%A7%D9%85-2026\" style=\"\">Investopia<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">1 January: Deadline for large businesses to implement e-invoicing;<\/span><\/li>\n<li><span>1Q 2027: Completion of the first phase of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4e973fb-1779-41cf-b29f-f4df8c403414\/this-morning:-india%25e2%2580%2599s-kotak-receives-sca-license,-plans-retail-focused-funds-in-4q-2025-%2B-ifza-in-panama%3F\" style=\"\">Hassyan seawater desalination project<\/a><\/span><span style=\"font-weight:400;\">;<\/span><\/li>\n<\/ul>\n<p><a id=\"kix.nwwprr5v40ya\"><\/a><\/p>\n<ul>\n<li><span>1-3 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bymylfm-world-governments-summit-2027-set-from-february\" style=\"\">World Governments Summit<\/a><\/span><span style=\"font-weight:400;\">; <\/span><\/li>\n<li><span style=\"font-weight:400;\">31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation;<\/span><\/li>\n<li><span>31 March: Government entities<\/span> <span style=\"font-weight:400;\">are required to appoint an accredited service provider for e-invoicing implementation;<\/span><\/li>\n<li><span>21-22 April (Wednesday-Thursday): <\/span><span style=\"\">Token2049, Dubai;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 July: Deadline for small businesses to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 October: Deadline for governments to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Abu Dhabi\u2019s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Signposted to happen sometime in 2028:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/1732iqa-uae-strengthens-its-global-leadership-host-2028\" style=\"\">Artificial Intelligence Summit<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;<\/span><\/li>\n<li><span>Annual Meetings of the World Bank Group and the International Monetary Fund, Abu Dhabi;<\/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: Support is incoming from Dubai Healthcare City Authority<\/p>\n","protected":false},"featured_media":115369,"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-115368","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"dfe36183-1ec4-4843-b00d-951a837d8b26","teaser":"Plus: Support is incoming from Dubai Healthcare City Authority","photo_url":"https:\/\/ent.news\/2026\/4\/604.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>Gulf capital 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