{"id":115835,"date":"2026-04-22T00:00:00","date_gmt":"2026-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=115835"},"modified":"2026-04-22T02:57:24","modified_gmt":"2026-04-22T02:57:24","slug":"fuel-price-shock-starts-to-bite","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/fuel-price-shock-starts-to-bite\/","title":{"rendered":"Fuel price shock starts to bite"},"content":{"rendered":"<section id=\"115837\" 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=\"115837\">\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\/22\/this-morning-alterra-adds-kkr-to-its-climate-roster-inflation-comes-in-at-1-1-for-february_storytags_-alterra-uae-india-relations-dp-world-gaza-inflation\/\">\r\n                            THIS MORNING: Alterra adds KKR to its climate roster + Abu Dhabi inflation comes in at 1.1% for February                        <\/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\/22\/this-morning-alterra-adds-kkr-to-its-climate-roster-inflation-comes-in-at-1-1-for-february_storytags_-alterra-uae-india-relations-dp-world-gaza-inflation\/\" 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\/22\/this-morning-alterra-adds-kkr-to-its-climate-roster-inflation-comes-in-at-1-1-for-february_storytags_-alterra-uae-india-relations-dp-world-gaza-inflation\/')\">\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\/22\/this-morning-alterra-adds-kkr-to-its-climate-roster-inflation-comes-in-at-1-1-for-february_storytags_-alterra-uae-india-relations-dp-world-gaza-inflation\/\">\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=THIS MORNING: Alterra adds KKR to its climate roster + inflation comes in at 1.1% for February!_StoryTags_! 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The extension gives the two nations more time to continue negotiations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How indefinite are we talking? <\/strong>Trump said the ceasefire will be extended until Iran submits its proposal and \u201cdiscussions are concluded, one way or the other.\u201d Washington\u2019s blockade will continue until an agreement is reached. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It remains unclear where Iran stands:<\/strong> In the absence of a response from Tehran\u2019s top leadership, Iran\u2019s Tasnim News Agency <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-positive-iran-deal-talks-still-uncertain-ceasefire-end-nears-2026-04-21\/\" style=\"\">stated<\/a> that Tehran never sought a ceasefire extension and reiterated threats to break the US blockade of its ports by force. An adviser to Iran\u2019s lead negotiator dismissed Trump\u2019s announcement as insignificant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As expected, global oil prices retreated on the news<\/strong>, despite an initial uptick at the opening of Asian trading earlier this morning. Brent crude is currently down 0.4% to USD 98.09 per barrel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mixed market response:<\/strong> The MSCI Asia Pacific ex-Japan Index <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/global-markets-global-markets-2026-04-22\/\" style=\"\">eased<\/a> 0.14%, dropping from a seven-week high. Japan\u2019s Nikkei gained 0.5%, and South Korea\u2019s Kospi eased around 0.6% in early trading this morning. US stocks are set to open in the green, with futures recording gains across the board.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We will be closely watching how local and regional markets react to the news when they open in a few hours.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a mixed bag of stories for you today. <\/strong>Front and center is a look at the knock-on effects of the steep fuel price rises we saw earlier this month, with experts telling us what it means for different sectors, from industry to logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have news of EGA making yet another European play<\/strong>, fresh off its force majeure announcement, and the impact of the war on earnings is starting to show as a few local players start to turn in results for 1Q 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: <\/strong>We\u2019re following reports that DP World may be tapped for a role in rebuilding Gaza\u2019s supply chain network by Donald Trump\u2019s so-called \u201cBoard of Peace,\u201d and looking at news of Alterra investing into KKR\u2019s climate fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0fWEATHER- Dubai is only getting hotter, but Abu Dhabi is g<\/strong><strong>etting a bit of a reprieve today. <\/strong>Look for a high of 37\u00b0C in Dubai along with a low of 28\u00b0C, while the capital will see a cooler high of 31\u00b0C and a low of 25\u00b0C, with more breezy conditions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meet EnterpriseAM MENA+<\/strong>, our new flagship newsletter covering the flows of capital, people, and ideas across the Middle East \u2014 and beyond it. MENA+ covers AI and tech \u2014 and geopolitics, the war for talent, which BSD is on top (and who's gunning for them), the changing energy economy, new corridors to India and China, and much, much more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s with the \u201c+\u201d in MENA+?<\/strong> We think one of the most powerful stories in the region is the *export* of ideas and capital not just to neighboring regions (Asia, the Stans) but to international financial centers. MENA countries are jockeying for position in the new global economy now taking shape, and we're going to shape that conversation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tap or click <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/menaplus\/\" style=\"\">here<\/a><\/strong><strong> to get your own copy delivered to your inbox<\/strong> every Monday, Wednesday, and Friday at 12pm UAE | 11am KSA | 10am Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/sub.ent.news\/menaplus\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1016.jpg?ssl=1\"\/><\/a> <\/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\"> <strong>FINANCE<\/strong><strong> \u2014 Abu Dhabi National Ins. Company (Adnic) has s<\/strong><strong>ecured a license to operate a reins. branch in Gujarat International Finance Tec-City <\/strong>(GIFT City) as of the start of this month, <a target=\"_blank\" href=\"https:\/\/www.cnbctv18.com\/business\/finance\/abu-dhabi-national-insurance-approval-to-set-up-reinsurance-branch-india-gift-city-ws-el-19890351.htm\/amp\" style=\"\">CNBCTV18<\/a> reports, citing company disclosures. Adnic had already <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/29\/state-street-opens-operational-center-in-al-ain-another-pal-cooling-investment-dubai-ins-rolls-out-crypto-platform-and-more-activity-on-the-uae-india-corridor\/\" style=\"\">secured approval<\/a> from the Central Bank of the UAE for the move, with plans to launch the branch late this year. The opening will add to its existing offices in Saudi Arabia and the UK, as well as the Emirates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>India is positioning GIFT City as a financial hub and a base for offshore ins. and reins. activity, attracting global players with tax incentives and lower capital requirements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>India and the UAE have agreed to facilitate setting up UAE companies in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/\" style=\"\">GIFT City<\/a>, with First Abu Dhabi Bank and DP World among early movers. Mashreq is also <a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/uae\/news\/2025\/october\/mashreq-india-gift-city\/\" style=\"\">planning<\/a> an expansion there pending regulatory approvals, while the Abu Dhabi Investment Authority secured approval in 2024 to set up a local unit and launch a USD 4-5 bn fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>R<\/strong><strong>AIL \u2014 DXB and DWC will have a metro link: <\/strong>Dubai\u2019s Road and Transport Authority (RTA) has <a target=\"_blank\" href=\"https:\/\/www.meed.com\/rta-tenders-metro-link-connecting-dubais-two-airports\" style=\"\">put out<\/a> a tender for consultants to design an Airport Express Line linking Dubai International Airport (DXB) to Al Maktoum International Airport (DWC) in Jebel Ali. Bids are due in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The 55 km line, which will have five stations, will also include security screening, baggage drop, and remote check-ins, which means the journey between the airports will be integrated into the airport ecosystem. The route starts at the Red Line at DXB, runs through Al Jaddaf and along Al Khail Road to Jumeirah Village Circle, then heads to DWC \u2014 with two branches plugging into Emirates Golf Club and Business Bay.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More growth:<\/strong> As the Etihad Rail high-speed line comes under construction for 2030, the RTA is set to tender more work this year, including the Route 2020 extension \u2014 a 3 km link with two stations connecting Expo 2020 station to DWC\u2019s West Terminal.<\/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=\"wwtt1\"><\/a> <strong>PORTS \u2014 DP World to rebuild Gaza\u2019s supply chain network? <\/strong>Representatives tied to Donald Trump\u2019s so-called \u201cBoard of Peace\u201d reportedly held talks with DP World on taking over logistics infrastructure in Gaza, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/873b866b-fd17-426d-8cb1-a34566e2e1d4\" style=\"\">Financial Times<\/a> reports, citing three people familiar with the matter. Talks included a partnership to run the logistics for humanitarian aid and other goods, including warehousing, tracking systems, and security. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proposal sketches a full ecosystem:<\/strong> A draft seen by FT outlines a \u201csecure and traceable supply chain system\u201d tied to a \u201cport-led economic ecosystem,\u201d paired with other light industries and \u201cemployment-generating trade platforms.\u201d Ideas also include building a new port in Gaza or on Egypt\u2019s coast and pairing it with a freetrade zone. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where this lands is still unclear:<\/strong> It\u2019s still not known which side drafted the proposal or how far talks have progressed, though discussions reportedly started late last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World has doubled down on contested areas in need of rebuilding<\/strong>, including port investments in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/14\/this-morning-uae-is-evaluating-impacts-of-a-potential-25-tariff-from-the-us-canada-trade-talks-are-set-to-begin-next-month\/\" style=\"\">Somaliland<\/a> and post-war <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/13\/this-morning-potential-maf-stake-sale-on-the-cards-dp-world-kicks-off-syrian-port-operations-as-dana-gas-eyes-gas-field-expansion-in-syria\/\" style=\"\">Syria<\/a>. This is another calculated entry into a politically complex market where logistics gaps create leverage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Reconstruction needs in Gaza are estimated at USD 71.4 bn over the next decade, including USD 23 bn in the next 18 months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUSINESS \u2014 Dubai<\/strong><strong> SME and e-commerce firm Noon are the latest players to <\/strong><strong>roll out incentive programs for SMEs<\/strong>, launching a partnership that\u2019ll see Noon Food integrate eligible Dubai SME firms onto its digital marketplace at no charge, according to <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/april\/21-04\/dubai-sme-partners-with-noon\" style=\"\">Dubai Media Office<\/a>. Firms will be able to access payment infrastructure and client and delivery bases through the platform, as well as account management and support.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>While the statement doesn\u2019t give a specific reason for the move, the decision comes at a time when several Emirati players are stepping in to give SMEs a boost as the consequences of the regional war continue to be felt across multiple sectors. Among those offering SMEs a helping hand are <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=\"\">Dubai South<\/a> and Dubai-based <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=\"\">Qashio<\/a>.<\/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=\"wwtt4\"><\/a> <strong>INVESTMENT WATCH \u2014 Alterra adds KKR to its climate roster: <\/strong>Abu Dhabi-based Alterra, the USD 30 bn, government-backed blended-finance vehicle <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/04\/picking-up-where-cop27-left-off\/\" style=\"\">launched at COP28<\/a>, has committed to invest in KKR\u2019s global climate transition fund, according to a <a target=\"_blank\" href=\"https:\/\/www.alterra.ae\/news\/alterra-commits-to-KKRs-global-climate-transition-strategy-to-accelerate-investment-in-real-economy-infrastructure\" style=\"\">statement<\/a>. Financial terms were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The latest allocation adds KKR to a growing line-up of global asset managers tapped by Alterra<\/strong>, which has already announced agreements with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/\" style=\"\">BlackRock<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/08\/alterra-pours-usd-2-bn-into-brookfields-record-usd-20-bn-clean-energy-fund\/?repeat=w3tc\" style=\"\">Brookfield<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/24\/brookfield-raises-usd-2-4-bn-for-the-uae-backed-catalytic-transition-fund-tpg-raises-usd-1-25-bn-with-backing-from-alterra\/\" style=\"\">TPG<\/a>. Alterra also launched a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/16\/alterra-plans-to-launch-usd-1-2-bn-climate-fund-in-adgm\/\" style=\"\">USD 1.2 bn co-investment vehicle with BBVA<\/a> earlier this year, signalling a broader shift from simply backing funds to helping manage and structure climate capital itself. The UAE has said the platform could help unlock USD 250 bn of climate finance by 2030.<\/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\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>1.1% \u2014 that was Abu Dhabi\u2019s annual inflation in February<\/strong>, down from 1.6% in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/02\/abu-dhabi-inflation-ticks-up-to-1-6-in-january\/\" style=\"\">January<\/a>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1036.pdf\" style=\"\">latest data (pdf)<\/a> from the Abu Dhabi Statistics Center. On a monthly basis, the consumer price index edged up 0.1%, reversing a 0.1% decline recorded the previous month, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1037.pdf\" style=\"\">separate data (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Housing and utilities are still the biggest driver: <\/strong>The largest component of the CPI basket \u2014 housing, water, electricity, gas, and other fuels \u2014 remained the primary driver, rising 4.9% y-o-y in February, up from 4.5% a month earlier. The continued climb underscores sustained pressure from rents and utility costs. Meanwhile, furnishings, household equipment, and maintenance costs rose 5.6% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transport drags the headline lower: <\/strong>Transport prices fell sharply by 6.5% y-o-y, compared to a 2.6% decline a month earlier, marking the largest downward contribution to inflation. Clothing and footwear also weighed on the index, contracting by 6.5% y-o-y, while food and beverage inflation eased to 1.2% from 1.7% in January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mixed demand signals:<\/strong> Discretionary spending indicators remained uneven, with recreation and culture prices slipping back into contraction at -2.8% after a brief uptick in January, while restaurants and hotels saw a modest uptick to 2.4%, pointing to steady but moderate consumer demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expect a lot of this to change come March: <\/strong>We\u2019re on the lookout for inflation figures for March to assess how the knock-on effects of the war, including shipping disruptions and a spike in raw material and fuel costs, have filtered through to consumers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation will like<\/strong><strong>ly keep rising:<\/strong> The rise in housing and fuel prices indicates that the trend of inflation \u2014 which rose notably in the last three months \u2014 will continue on an annual basis, especially since the figures still reflect the pre-war economy, MENA Economist Hamzeh Al Gaaod tells EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Happening this week<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some events are still happening <\/strong>despite the wave of cancellations and delays till the fall window, including:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-global-entrepreneurship-festival\/\" style=\"\">Abu<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-global-entrepreneurship-festival\/\" style=\"\">Dhabi Global Entrepreneurship Festival<\/a><\/strong> <strong> enters its final day today <\/strong>at the Abu Dhabi Energy Center, where founders, investors, policymakers, and ecosystem operators have been swapping pitches, capital plans, and growth playbooks across a range of specialized tracks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.mawaridfintech.com\/\" style=\"\">Mawarid<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mawaridfintech.com\/\" style=\"\">Fintech and Innovation Summit<\/a><\/strong><strong> will be held<\/strong><strong> tomorrow at Grand Hyatt Dubai<\/strong>, bringing together more than 1k leaders and experts from across the financial technology sector. The event will focus on digital payments, AI-driven platforms, blockchain applications, and the expansion of open finance frameworks. <\/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>The global front pages are focused on Trump\u2019s announcement of an extended ceasefire between the US and Iran<\/strong>, which we dive into in the news well, above. Also making headlines this morning: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How did Warsh\u2019s confirmation hearing go? <\/strong>Trump\u2019s Fed chair nominee Kevin Warsh <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d6267707-4033-4360-b4bf-e01e439a5528?syn-25a6b1a6=1\" style=\"\">affirmed<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d6267707-4033-4360-b4bf-e01e439a5528?syn-25a6b1a6=1\" style=\"\">the Fed\u2019s independence<\/a> during his Senate confirmation hearing, stating that Trump has not attempted to \u201cpredetermine, commit, fix or decide on any interest rate decision.\u201d Warsh <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/cn8dn818y46t\" style=\"\">called for<\/a> major reforms at the Fed, including a new framework for handling inflation, and <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c8dl3ez4mpno\" style=\"\">took issue<\/a> with the central bank\u2019s \u201cforward guidance\u201d \u2014 the practice of signaling the future trajectory of rates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And your daily dose of AI news: <\/strong>SpaceX has <a target=\"_blank\" href=\"https:\/\/x.com\/SpaceX\/status\/2046713419978453374\" style=\"\">gained<\/a> the \u201cright to acquire\u201d AI startup <a target=\"_blank\" href=\"https:\/\/cursor.com\/\" style=\"\">Cursor<\/a> for USD 60 bn, agreeing to pay USD 10 bn if it does not proceed with the transaction. The potential acquisition of Cursor \u2014 which enables users to edit code with AI \u2014 is seen as a way for Elon Musk to catch up in the AI race ahead of SpaceX\u2019s IPO.<\/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 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115841\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/the-surge-in-fuel-prices-is-working-its-way-through-the-economy\/13-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/13.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"13.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/13.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/13.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115840\" class=\"content-area-description single-story post-115840 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-aviation tag-enterpriseam-uae tag-logistics tag-oil-and-gas tag-the-big-story-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>pressure of higher fuel costs is already being felt by businesses, but <\/strong><strong>most of the impact is still working its way through the economy. <\/strong>The knock-on effects of higher fuel costs on freight, food, aviation, and retail pricing are expected to unfold over the coming weeks rather than show up all at once, CIO at Century Financial Vijay Valecha told EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/01\/fuel-prices-spike-as-much-as-72-4\/\" style=\"\">This month<\/a>, UAE fuel prices rose sharply, with diesel rising 70% and petrol around 30%, in line with global spikes in oil and gas prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diesel\u2019s sharp hike has already increased the cost of moving goods<\/strong>, causing rises in freight rates and delivery pricing, which is where the impact tends to surface first, Valecha added. Couple that with shipping disruptions, which are also raising the cost of moving fuel and goods, adding to ins. and transport expenses \u2014 and the pressure has definitely started hitting supply chains, even if it has not fully reached consumers yet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transport and logistics are the first pressure points. <\/strong>\u201cCertain transportation and logistics providers have already rolled out fuel surcharges, while industrial companies, including those exposed to petrochemicals and packaging, are also raising prices,\u201d Valecha added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sectors like transport, logistics, construction, and delivery services are particularly exposed<\/strong>, as fuel makes up a large share of their operating costs, head of trading (MENA) at Saxo Bank Hamza Dweik told EnterpriseAM UAE. Fuel-intensive sectors \u2014 which also include retail \u2014 can see fuel account for 20-40% of operating costs, Dweik noted. Deliveroo declined to comment on the impact of higher fuel prices on its operations, while EnterpriseAM was unable to reach other players like Talabat or noon ahead of publishing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Retail and food are next in line, especially with food being exposed due to the UAE\u2019s reliance on imports.<\/strong> Supermarkets are facing higher delivery and packaging costs, while global increases in fertilizer and transport are feeding into food prices, though with a lag, Valecha added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot of businesses are still absorbing part of the increase to remain competitive<\/strong>, but that\u2019s unlikely to hold if costs remain elevated, especially for those in food distribution and logistics, Dweik said. One premium butchery shop, which relies on imported meat, told us <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/10\/how-one-fb-business-is-keeping-shelves-stocked-and-absorbing-costs-during-crisis\/\" style=\"\">earlier<\/a> that their firm has been absorbing rising costs so far despite rising shipping costs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hotels and restaurants, meanwhile, are dealing with rising input and logistics costs<\/strong> alongside a sharp drop in tourist arrivals, putting their margins under extreme pressure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For them, it\u2019s a conundrum of needing to slash prices to attract more visitors<\/strong>, but facing piling costs from food, transport, and raw materials. That probably explains why many hotels have chosen to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/20\/this-morning-abu-dhabi-eyes-bringing-mubadala-and-limads-china-focused-assets-under-one-umbrella-reports-swirl-of-uae-egypt-eyeing-moroccan-tourism\/\" style=\"\">shutter their doors<\/a> for now, using the downtime to both cut costs and focus on refurbishment, renovation, and maintenance. That includes Burj Al Arab, Park Hyatt, and others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Atlantis has also just yesterday said it would temporarily suspend operations<\/strong> <strong>across seven dining venues<\/strong>, saying it will \u201creview guest demand and refine its dining strategy\u201d and announce reopening accordingly, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/lifestyle\/atlantis-dubai-pauses-seven-restaurants\" style=\"\">Khaleej Times<\/a> reports, citing a statement. <\/p>\n<p class=\"tag-border-left\">So where will you, as a consumer, feel the pain first? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is unfolding as a staggered cost-push cycle. <\/strong>Fuel feeds directly into transport and utilities, which together account for roughly 10% of the consumer basket, Valecha added. The broader macro effect is likely to remain contained in the near term, but Valecha warned that prolonged pressure can lead to second-round effects as higher transport and logistics costs gradually filter through to consumers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Households are likely to feel it first through higher commuting costs and then through rising prices of goods and services<\/strong>, Valecha said. Airlines are also facing higher jet fuel costs, which are expected to feed into ticket prices over time, Valecha said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How long might this last? It depends on the outcome of the war.<\/strong> This could be a short-lived sting given that the UAE is well positioned to manage fuel volatility, but prolonged disruption could lead to persistent cost-of-living pressure, Dweik added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even if conditions stabilize, it may take time for supply chains to normalize and for pricing pressure<\/strong> <strong>to ease<\/strong>, Valecha said. Fuel price volatility is likely to remain part of the operating environment rather than a temporary disruption, Dweik added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch: <\/strong>Fuel prices for next month will be announced next week, and both analysts expect prices to remain elevated in the near term amid ongoing global volatility. Brent crude is currently hovering below the USD 100 mark, after hitting nearly USD 120 earlier during the conflict. <\/p>\n<p class=\"tag-border-left\">How does pricing even work? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cMost of April\u2019s price increase came from the upstream shock<\/strong>, but the sharper rise in diesel and petrol was driven by downstream stress,\u201d Valecha explained. \u201cCrude oil sets the base for prices, but the industrial fuels market is seeing a shortage in fuel supplies for a number of reasons, including limited refining capacity, tight inventory levels of products, and delays in logistics that have magnified the severity of each shortage,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With parts of the regional refining system offline and shipping constrained<\/strong>, the downstream chain compressed much faster than crude supply, he noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That means that despite the ceasefire helping oil prices ease slightly<\/strong>, we\u2019re unlikely to see prices go down to pre-war levels for a while. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span 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<div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/emirates-global-aluminium-acquires-a-stake-in-italys-eco-green-staking-a-position-in-europes-scrap-economy\/\">\r\n                            EGA stakes out position in Europe\u2019s scrap economy                        <\/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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href=\"https:\/\/api.whatsapp.com\/send?text=Emirates+Global+Aluminium+acquires+a+stake+in+Italy%E2%80%99s+Eco+Green%2C+staking+a+position+in+Europe%E2%80%99s+scrap+economy+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F04%2F22%2Femirates-global-aluminium-acquires-a-stake-in-italys-eco-green-staking-a-position-in-europes-scrap-economy%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\/22\/emirates-global-aluminium-acquires-a-stake-in-italys-eco-green-staking-a-position-in-europes-scrap-economy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1056.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115844\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/emirates-global-aluminium-acquires-a-stake-in-italys-eco-green-staking-a-position-in-europes-scrap-economy\/1056-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1056.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1056.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1056.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1056.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115843\" class=\"content-area-description single-story post-115843 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-emirates-global-aluminium tag-enterpriseam-uae tag-investment tag-ma-watch tag-manufacturing 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>Emirates<\/strong><strong> Global Aluminium (EGA) is lining up an 80% acquisition o<\/strong><strong>f Italy\u2019s Eco <\/strong><strong>Green <\/strong>in a move that would be its third major outbound acquisition in two years, and aims to bring its global recycling capacity to 400k tonnes per year, according to a <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-to-acquire-majority-stake-in-italian-aluminium-recycling-firm-eco-green-advancing-global-expansion-strategy\/\" style=\"\">statement<\/a>. The transaction value was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The target: <\/strong>Eco Green is an aluminum recycling firm that sources and processes over 70k tonnes of aluminum scrap annually into usable metal. It is owned by Italy\u2019s Scappini family, who will retain their 20% holding post-acquisition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> The transaction, which follows the aluminum-maker\u2019s buyout of <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/07\/ega-finalizes-leichtmetall-aluminum-giesserei-acquisition\/\" style=\"\">Germany\u2019s Leichtmetall<\/a> in May 2024 and its acquisition of <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/08\/26\/ega-to-acquire-a-majority-stake-in-us-based-spectro-alloys\/\" style=\"\">US-based Spectro Alloys<\/a> in September of the same year, is still subject to regulatory approval. EGA plans to fold the firm into its RevivAL brand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>On the sell-side, Eco Green and the Scappini family were advised by Lucio Leoni and Legance, with support from Riccardo Paganin, Carlotta Giani, and Emilio De Niro.<\/p>\n<p class=\"tag-border-left\">Our take <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could this be a contingency plan?<\/strong> By locking in scrap supply and a network of over 350 suppliers in Europe, EGA is building a buffer to keep serving auto and construction clients while its core production at home is impaired. With Al Taweelah still <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/13\/this-morning-us-iran-leave-talks-without-an-agreement-ega-declares-force-majeure-on-some-contracts\/\" style=\"\">under force majeure<\/a> and shipping through the Strait of Hormuz carrying real risk, outbound M&A can start to look more like a necessity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The March strikes on EGA\u2019s facility took a significant chunk of regional primary capacity offline. Al Taweelah produced 1.6 mn tons last year. Recovery timelines are stretching out toward a year for a full normalization, and more contract cancellations could be in the works. Prices reacted accordingly, with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/aluminum-market-reels-after-strikes-on-ega-and-alba\/\" style=\"\">LME aluminum spiking<\/a> sharply as buyers scrambled for available metal already in transit or sitting in overseas warehouses.<\/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\/emirates-global-aluminium\/\">Emirates Global Aluminium<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115845 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=\"115845\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/115845\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115845\" class=\"content-area-description single-story post-115845 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=\"115846\" 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=\"115846\">\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\/22\/tourism-slump-knocks-adnh-1q-earnings-the-picture-is-still-solid-at-rakbank\/\">\r\n                            Tourism slump knocks ADNH 1Q earnings + the picture is still solid at Rakbank                        <\/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\/22\/tourism-slump-knocks-adnh-1q-earnings-the-picture-is-still-solid-at-rakbank\/\" 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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Transport fared worse, with revenue sliding 42% to AED 44 mn and net income almost disappearing (down 97%), reflecting scaled-back taxi operations and weaker limousine demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Catering kept things steady<\/strong>, with the segment\u2019s revenue rising 13% y-o-y to AED 464 mn, supported by acquisitions and long-term contracts that held up through the volatility. But higher input costs and supply chain pressure pushed EBITDA down 15% to AED 51 mn and cut net income by 20% to AED 31 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is implementing \u201cimmediate cost-containment and [liquidity] preservation measures<\/strong> in response to regional uncertainty and declining business activity,\u201d the report said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The war could wipe out <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/09\/this-morning-is-dp-world-eyeing-a-usd-13-2-bn-stake-in-uks-largest-port-operator-1-in-eight-brits-have-left-the-uae-_storytags_-dp-world-defense-tourism-india-uae-relations\/\" style=\"\">USD 13-32<\/a> bn in GCC tourism revenues. Forecasts indicate inbound arrivals to the region could shrink by as much as <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/04\/uaes-tourisms-usd-70-bn-boom-hit-as-middle-east-conflict-sparks-cancellations\/\" style=\"\">27% y-o-y this year<\/a>, after the UAE clocked 8.5k holiday rental cancellations on the day the conflict erupted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Authorities are already stepping in to cushion the blow<\/strong>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dubai-is-offering-financial-stimulus-for-tourism-art-and-more\/\" style=\"\">as we\u2019ve previously reported<\/a>. Dubai rolled out a AED 1 bn support package, including deferrals of sales fees and AED tourism payments, while Economy and Tourism Minister Abdulla Bin Touq Al Marri said earlier this month that a <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=\"\">sector-specific support package<\/a> is in the works.<\/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\">Rakbank sees an all-time high net income<\/p>\n<p><a target=\"_blank\" id=\"id.g6lhnewg4kkz\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The picture is still solid at Ra<\/strong><strong>kbank<\/strong>, whose net income jumped 43% y-o-y to a record AED 1 bn in 1Q 2026, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1020.pdf\" style=\"\">earnings release (pdf)<\/a>. The bottom-line uptick was largely driven by a AED 473 mn gain on the sale of its merchant acquiring business <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/24\/borouge-control-locks-in-ahead-of-merger-finish-line-talabat-picks-up-rent-rakbank-and-network-international-finalize-agreement\/\" style=\"\">to Network International<\/a>, along with strong operating income streams, which rose 40% y-o-y to AED 1.8 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Core income held up: <\/strong>Net interest income rose 9.2% y-o-y to AED 947 mn during the quarter, as the lender\u2019s total assets grew 18.2% y-o-y to AED 107.3 bn. However, the real lift came from non-interest income, which more than doubled to AED 873 mn \u2014 up 102% y-o-y \u2014 largely on the back of the sale to Network International.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rakbank delivered a message of resilience, both for the quarter and looking ahead.<\/strong> Group CEO Raheel Ahmed said the bank was \u201cwell positioned\u201d and \u201cwell prepared\u201d going into the backdrop of regional tensions, adding that it \u201cstands firm to assist our customers in the short term and support them in firm to assist our customers in the short term and support them in their longer-term ambitions and plans.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"115848\" 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=\"115848\">\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\/22\/aldar-mubadala-acquire-the-link-investcorp-leans-deeper-into-us-housing-sharjah-gets-more-ev-infrastructure-another-emirati-name-lands-in-ras-el-hekma\/\">\r\n                            Aldar + Mubadala acquire The Link, Investcorp leans deeper into US housing, Sharjah gets more EV infrastructure, another Emirati name lands in Ras El Hekma                        <\/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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href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/aldar-mubadala-acquire-the-link-investcorp-leans-deeper-into-us-housing-sharjah-gets-more-ev-infrastructure-another-emirati-name-lands-in-ras-el-hekma\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1052.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"115849\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/aldar-mubadala-acquire-the-link-investcorp-leans-deeper-into-us-housing-sharjah-gets-more-ev-infrastructure-another-emirati-name-lands-in-ras-el-hekma\/1052-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1052.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1052.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1052.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1052.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115848\" class=\"content-area-description single-story post-115848 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-aldar tag-aldar-properties tag-also-on-our-radar tag-enterpriseam-uae tag-evs tag-mubadala tag-real-estate tag-sharjah wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">Aldar, Mubadala are the new joint owners of Masdar City\u2019s The Link<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> A JV by Abu Dhabi developer Aldar and Mubadala acquir<\/strong><strong>ed The Link in Masdar City, a mixed-use development<\/strong> housing the headquarters of renewables firm Masdar and Mohamed bin Zayed University of Artificial Intelligence, among other facilities, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1028.pdf\" style=\"\">press release (pdf)<\/a>. The asset includes five buildings, spread over 32k sqm of net leasable area. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The two companies <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/19\/aldar-mubadala-team-up-to-manage-develop-aed-30-bn-real-estate-assets-in-abu-dhabi\/\" style=\"\">formed a AED 30 bn JV<\/a> in 2024, including a plan to develop AED 3 bn worth of commercial and residential properties in Masdar City, which houses over 400k sqm of leasable area at 95% occupancy.<\/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\">Investcorp leans deeper into US housing<\/p>\n<p><a target=\"_blank\" id=\"id.l9vlyrhx24kb\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based Investcorp Capital<\/strong><strong> has made yet another US play<\/strong>, deploying USD 200 mn into senior living, multifamily, and select rental assets across California, New York, and New Jersey, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1029.pdf\" style=\"\">press release (pdf)<\/a>. The portfolio brings together three assets with about 94% average occupancy as of end-2025. The company said it is targeting properties with strong in-place income and room for operational upside. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI<\/strong><strong>- <\/strong>We\u2019ve been covering Investcorp\u2019s push into the US for some time now. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/05\/investcorp-acquires-us-industrial-property-portfolio-nrtc-takes-over-ripe-organic\/\" style=\"\">Last December<\/a>, it acquired a USD 400 mn US industrial real estate portfolio, following another takeover of US industrial assets <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/investcorp-capital-expands-us-industrial-real-estate-portfolio-with-new-acquisitions\/\" style=\"\">the year before<\/a>. On the flipside, it sold its previous US industrial real estate assets <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/10\/investcorp-capital-sells-its-us-industrial-real-estate-portfolio-for-usd-360-mn\/\" style=\"\">earlier in 2025<\/a> in a move that brought in USD 360 mn. The multifamily play is also tried and tested for the firm, which exited 12 US multifamily real estate assets <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/adnoc-drilling-is-now-in-oman-and-kuwait\/\" style=\"\">last year for USD 550 mn<\/a>. There could be more where that came from, after <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/10\/this-morning-mubadala-eyes-brazils-will-bank-adnoc-top-bidder-for-russian-stake-in-serbian-oil-industry\/\" style=\"\">Investcorp said<\/a> it plans to deploy at least USD 6 bn in FY 2025-26.<\/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\">Sharjah is getting more EV infrastructure <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah is getting 100 fast EV chargers<\/strong> under an agreement between Sharjah Roads and Transport Authority and ION, the sustainable mobility JV between Beeah and Crescent Enterprises, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D8%A8%D9%8A%D9%86-%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%B7%D8%B1%D9%82-%D9%88%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B5%D9%84%D8%A7%D8%AA-%D9%81%D9%8A-%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9-%D9%88%D8%A2%D9%8A%D9%88%D9%86-%D9%84%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%A8%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AD%D8%AA%D9%8A%D8%A9-%D9%84%D8%B4%D8%AD%D9%86-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A6%D9%8A%D8%A9-jvthn72a\" style=\"\">press release<\/a>. ION will serve as Sharjah\u2019s first licensed charge point operator, handling deployment, operations, and maintenance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timing matters: <\/strong>The rollout follows Sharjah\u2019s new regulatory framework for EV charging infrastructure issued <a target=\"_blank\" href=\"https:\/\/sharjah24.ae\/en\/Articles\/2026\/03\/31\/aa1\" style=\"\">earlier this month<\/a> and points to a more coordinated push into electric mobility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It also lands as the UAE\u2019s EV race targets chargers: <\/strong>Dubai is rolling out <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/06\/more-oil-and-gas-investments-in-egypt-dubai-makes-aed-150-mn-ev-charging-push-and-dp-world-ad-ports-work-on-nigerian-shipping\/\" style=\"\">600 supercharging stations<\/a> under an AED 150 mn project, while Abu Dhabi Mobility is deploying <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fe89479a-6408-4fe6-b534-bbd00f5ac920\/adia-closes-reported-usd-1-bn-qlik-acquisition\" style=\"\">1k Charge AD<\/a> stations and Adnoc Distribution is targeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82201429-ff77-474e-b020-2a22bb868688\/this-morning:-purehealth-scraps-nmc-healthcare-acquisition%3F-%2B-eshraq-to-invest-in-shuaa%25e2%2580%2599s-bond-offering\" style=\"\">500 chargers by 2028<\/a>. Nationally, the UAE is targeting 50% EV adoption by 2050 and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/13\/this-morning-uaev-plans-10k-ev-chargers-by-2030-142k-hnwis-to-emigrate-this-year\/\" style=\"\">10k public chargers by 2030<\/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\">Another UAE name lands in Egypt\u2019s Ras El Hekma<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Miran Hills joins the Emirati push into Ras El Hekma:<\/strong> UAE-based Miran Hills Real Estate signed a development agreement with Ras El Hekma Urban Development Project Company for a prime North Coast land parcel in Egypt\u2019s flagship coastal megaproject, Ras El Hekma, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1042.pdf\" style=\"\">statement (pdf)<\/a>. The site includes more than 4.8 km of beachfront and is earmarked for a mixed-use development. The agreement\u2019s financial terms weren\u2019t disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- This isn\u2019t the first time Ras El Hekma has pulled in Emirati developers:<\/strong> ADQ-backed Modon is already the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/07\/adq-taps-modon-holding-as-ras-el-hekma-master-developer\/\" style=\"\">master developer<\/a> for the first 50 mn sqm phase, with up to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/09\/abu-dhabis-modon-to-invest-egp-45-bn-in-ras-el-hekma-infrastructure\/\" style=\"\">EGP 45 bn<\/a> in infrastructure commitments and 2k acres of works tendered to local contractors. Emirati real estate developer Sky AD also broke ground <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/\" style=\"\">last year<\/a> on its AED 6 bn build in the USD 35 bn Ras El Hekma project.<\/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\/aldar\/\">Aldar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/evs\/\">EVs<\/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\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/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=\"115850\" 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=\"115850\">\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\/22\/private-credit-funds-hit-by-tighter-lending\/\">\r\n                            Rising rates squeeze private credit funds                        <\/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\/22\/private-credit-funds-hit-by-tighter-lending\/\" 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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AI <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/04\/07\/global-private-equity-activity-slows-down-due-to-ai-related-risks-geopolitical-tensions\/\" style=\"\">disrupting<\/a> the business models of tech and software sectors is also a major concern.<\/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\">Banks tighten new commitments<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rising funding costs coincided with a decline in bond issuance by business <\/strong><strong>development companies (BDCs)<\/strong>, which act as flagship private credit vehicles. These firms sold around USD 6.8 bn of bonds in 1Q 2026, down 22% y-o-y and 36% from their performance in 2024. \u201cWe are staying away from BDCs,\u201d Loomis, Sayles & Company portfolio manager Brian Kennedy told the Financial Times, arguing that the economics don\u2019t compensate for sector risk. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks and traditional lenders that provide large credit facilities are also increasing <\/strong><strong>pricing on new commitments.<\/strong> These facilities are critical to the sector\u2019s financing model, allowing funds to borrow against their loan portfolios and amplify returns.<\/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\">Shorter-dated maturities are gaining appeal<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Issuers are currently using shorter-dated maturities to manage interest costs.<\/strong> Blue Owl private credit fund raised USD 400 mn through a two-year investment-grade bond sold directly to Pimco in a bilateral transaction, rather than through a public syndicated offering. Goldman Sachs Private Credit also secured USD 750 mn at a floating rate of 2.55 percentage points above US Treasuries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investor due diligence also intensified:<\/strong> \u201cNow it is three weeks of investors underwriting the sectors and the names [\u2026] and if you have a position marked at 92 cents on the USD but someone else has it marked at 86, they want to talk to the [transaction] team,\u201d Beach Point Capital\u2019s portfolio manager Benjamin Hunsaker said.<\/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 alternative<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some managers are turning to structured credit markets<\/strong>, where strong demand from insurers and other investors is helping keep borrowing costs lower, Hunsaker said. Blackstone raised USD 450 mn last month through a collateralized loan obligation for its flagship private credit fund, providing a static structure that prevents the manager from trading the underlying assets to boost investor confidence.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,861<\/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: -1.3%)<\/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>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\">5,878<\/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: -2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,748<\/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: -2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.5% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,345<\/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: +8.2%)<\/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>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\">51,977<\/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: +24.2%)<\/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>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\">7,064<\/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: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,498<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: +5.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,930<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9% (YTD: +1.4%)<\/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>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 98.09<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.70<\/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 4,736<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 75,512<\/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: -13.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Chimera JP Morgan UAE Bond UCITS ETF<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">AED 3.59<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.2% (YTD: -4.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.99<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +0.1%)<\/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>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\">19.55<\/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% (YTD: +34.73%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.3% yesterday<\/strong> on turnover of AED 894.1 mn. The index is down 2.8% 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>Ekttitab Holding Company (+14.8%), Al Firdous Holdings (+14.2%), and Agility The Public Warehousing Company (+7.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Dubai National Ins. & Reinsurance (-5.0%), National International Holding Company (-4.5%), and Takaful Emarat (-3.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.1% on turnover of AED 1.2 bn. Meanwhile, Nasdaq Dubai was up 0.3%.<\/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=\"115852\" 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\/22\/115852\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-115852\" class=\"content-area-description single-story post-115852 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>20-22 April (Monday-Wednesday): <\/span><span>Abu<\/span><span style=\"font-weight:400;\"> 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>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>4-7 May (Wednesday-Friday): <\/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>3-4 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menadesal.com\/\" style=\"\">MENA Desalination Forum<\/a><\/span><span style=\"font-weight:400;\">, Conrad Abu Dhabi Etihad Towers, Abu Dhabi. <\/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.e7gqde3t7htn\"><\/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 style=\"font-weight:400;\">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: EGA makes another European play, fresh off its force majeure 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