{"id":116240,"date":"2026-04-29T00:00:00","date_gmt":"2026-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=116240"},"modified":"2026-04-29T02:41:47","modified_gmt":"2026-04-29T02:41:47","slug":"the-big-opec-exit","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/the-big-opec-exit\/","title":{"rendered":"The big Opec exit"},"content":{"rendered":"<section id=\"116242\" 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=\"116242\">\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\/29\/this-morning-gcc-leaders-meet-in-jeddah-emirates-nbd-pushes-ahead-with-at1-issuance\/\">\r\n                            THIS MORNING: GCC leaders meet in Jeddah + Emirates NBD\u2019s issuance                        <\/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\/29\/this-morning-gcc-leaders-meet-in-jeddah-emirates-nbd-pushes-ahead-with-at1-issuance\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-emirates-nbd tag-enterpriseam-uae tag-gcc tag-ras-al-khaimah tag-uber tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Good morning, everyone, and welcome to the accidental energy issue. <\/strong>It\u2019s a big news day here at home after the UAE dropped a bombshell yesterday: Its exit from Opec.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The move, analysts say, was likely years in the making.<\/strong> It\u2019s also going to give the UAE plenty of room to ramp up oil capacity (and production \u2014 when it\u2019s able to) and use oil revenues to finance its diversification drive at a time when its economy might need the push.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>We have everything you need to know about what the move means<\/strong> \u2014 and the importance of its timing \u2014 in the news well below<strong>. <\/strong><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>As all of that is happening, Adnoc is planning to invest tens of bns of USD in the US to build its natural gas business<\/strong>, and S&amp;P Global takes a look at how the war might have impacted the Gulf region\u2019s renewables agenda.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt1\"><\/a> <strong>Gulf leaders hold <\/strong><strong>first<\/strong><strong> meeting since war:<\/strong> Saudi Crown Prince Mohammed bin Salman hosted a consultative meeting of Gulf Cooperation Council leaders in Jeddah yesterday \u2014 marking the first in-person gathering since the region was drawn into the Iran war two months ago, <a href=\"https:\/\/www.spa.gov.sa\/en\/N2573127\" target=\"_blank\" rel=\"noopener\">Saudi state media<\/a> reports. Foreign Minister Abdullah bin Zayed participated in the summit on behalf of President Mohamed bin Zayed, state news agency <a href=\"https:\/\/www.wam.ae\/en\/article\/bzxzuk3-behalf-uae-president-abdullah-bin-zayed\" target=\"_blank\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Little surprise what topped the agenda: <\/strong>The summit focused on the fallout from Iranian missile and drone attacks targeting civilian infrastructure across the Gulf, with leaders jointly condemning the strikes as a violation of sovereignty, and calling for tighter coordination to protect regional security.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The talks also come amid criticism that the GCC\u2019s response so far has been \u201cthe weakest in history<\/strong>,\u201d <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/gulf-leaders-meet-saudi-arabia-discuss-response-iranian-strikes-2026-04-28\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> quotes senior UAE diplomatic advisor Anwar Gargash as saying.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a href=\"https:\/\/sub.ent.news\/menaplus\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1023.jpg?ssl=1\" \/><\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Meet EnterpriseAM MENA+, our new flagship newsletter<\/strong> covering the flows of capital, people, and ideas across the Middle East \u2014 and beyond it.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>MENA+ covers AI and tech \u2014 and geopolitics, the war for talent<\/strong>, 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;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;text-align: left\"><strong><a href=\"https:\/\/sub.ent.news\/menaplus\/\" target=\"_blank\" rel=\"noopener\">Tap or click here to get your own copy<\/a><\/strong> delivered to your inbox every Monday, Wednesday, and Friday at 12pm UAE | 11am KSA | 11am Egypt.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>WEATHER- Stay indoors, people: <\/strong>Temperatures are peaking at 38\u00b0C once again in both Dubai and Abu Dhabi, with the former seeing a low of 29\u00b0C, and the capital a low of 27\u00b0C. Our favorite weather app warns of dehydration and heat exposure risks if out in the sun for extended periods.<\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt2\"><\/a> <strong>DEBT WATCH \u2014 <\/strong><strong>Emirates<\/strong><strong> NBD<\/strong><strong>\u2019s USD 750 mn AT1 saw <\/strong><strong>initial price<\/strong> <strong>guidance<\/strong> <strong>land at around 6.75%<\/strong>, <a href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/emirates-nbd-issues-initial-price-guidance-on-750mln-pnc6-at1-bond-xnaoe23g\" target=\"_blank\" rel=\"noopener\">Zawya<\/a> reports. Final pricing is expected shortly, with settlement for the debt slated for early May, to be listed on Nasdaq Dubai and Euronext Dublin.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Refresher: <\/strong>Emirates NBD had been <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/28\/emirates-nbd-could-reopen-regional-at1-market\/\" target=\"_blank\" rel=\"noopener\">sounding out investors<\/a> for a non-call six-year AT1 issuance after tapping banks for a London roadshow. The move follows a busy funding streak, including a <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/01\/emirates-nbd-defies-credit-freeze-with-usd-2-25-bn-syndicated-loan\/\" target=\"_blank\" rel=\"noopener\">USD 2.25 bn syndicated facility<\/a>, a <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/13\/abu-dhabi-shifts-to-private-debt-to-navigate-war-driven-market-volatility\/\" target=\"_blank\" rel=\"noopener\">USD 325 mn private raise<\/a>, and multiple bond issuances, as part of a broader push to support capital and expansion. AT1s are the riskiest layer of bank capital debt, ranking below other kinds in the event of liquidation, but are still used to raise core tier-one capital without diluting shareholders\u2019 stakes by issuing new equity.<\/p>\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt3\"><\/a> <strong>4.9k \u2014 that\u2019s how many ultra-high-net-worth individuals (<\/strong><strong>UHNWI) <\/strong><strong>live in the U<\/strong><strong>AE as of this year.<\/strong> The figure is projected to climb to 6.6k by 2031 \u2014 a 36% increase that keeps the UAE among the fastest-growing global wealth hubs, according to a new <a href=\"https:\/\/ent.news\/2026\/4\/1458.pdf\" target=\"_blank\" rel=\"noopener\">Knight Frank report (pdf)<\/a>. This is as the UAE is increasingly framed as a \u201creceiving market\u201d for globally mobile wealth, benefiting from tax competitiveness and lifestyle appeal, while Abu Dhabi is also emerging as a cultural and prime real estate node.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>With the increase in UHNWIs comes an increase in luxury property prices: <\/strong>Luxury residential prices jumped 25.1% in 2025, driving a 9.4% regional surge and record super-prime (USD 10 mn+) sales as global buyers continue to pour into the emirate.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The near-term picture is less clear-cut: <\/strong>The report flags that regional tensions have \u201cunsettled sentiment\u201d but stops short of calling a reversal. That broadly tracks with what we\u2019ve <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/15\/uae-braces-for-hnwi-outflows-this-year-as-geopolitical-tensions-shake-safe-haven-image\/\" target=\"_blank\" rel=\"noopener\">been reporting<\/a>: early signs point to softer residency demand and potential outflows, though analysts told us it\u2019s \u201cpremature\u201d to call a lasting shift in wealth patterns.<\/p>\n<p class=\"tag-border-left\">PSA<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt4\"><\/a> <strong>You\u2019ll soon be able to call an Uber in RAK:<\/strong> Residents and visitors in Ras Al Khaimah will soon be able to book taxis and limousines directly through the Uber app under a new agreement with the emirate\u2019s transport authority, according to a <a href=\"https:\/\/www.rakta.gov.ae\/news\/rakta-signs-agreement-with-uber-to-launch-smart-taxi-and-limousine-booking-services-in-ras-al-khaimah\/\" target=\"_blank\" rel=\"noopener\">statement<\/a>.<\/p>\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Our Opec exit is dominating the front pages this morning<\/strong>, as the foreign press tries to understand the move and its implications for energy markets and the region. We dive into the decision, what it means, and what comes next in the news well, below.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>MEANWHILE- The US Federal Reserve <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2026\/04\/28\/fed-meeting-preview-april-2026.html\" target=\"_blank\" rel=\"noopener\">will announce<\/a><\/strong><strong> its decision on interest rates this <\/strong><strong>evening<\/strong>. Pundits widely expect it to leave rates unchanged.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>AND- Transatlantic unity was the main takeaway from King Charles\u2019 <\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=ZhoflAu-Lls\" target=\"_blank\" rel=\"noopener\">address to the US<\/a><\/strong><strong><a href=\"https:\/\/www.youtube.com\/watch?v=ZhoflAu-Lls\" target=\"_blank\" rel=\"noopener\">congress<\/a><\/strong><strong>. <\/strong>The UK monarch <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-28\/king-charles-urges-us-congress-to-reject-pull-of-isolationism\" target=\"_blank\" rel=\"noopener\">urged the US<\/a> to move away from isolation and highlighted the importance of Washington\u2019s participation with Europe, Nato allies, and Ukraine, calling on the countries to \u201cignore the clarion calls to become ever more inward-looking.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Drama in the tech world: <\/strong>Elon Musk\u2019s <a href=\"https:\/\/www.reuters.com\/legal\/litigation\/openai-trial-pitting-elon-musk-against-sam-altman-kicks-off-2026-04-28\/\" target=\"_blank\" rel=\"noopener\">legal feud<\/a> with OpenAI founders is heating up after they faced off in court \u2014 the Tesla founder is claiming that the founders behind the ChatGPT maker broke pledges to remain a nonprofit AI research lab.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>And speaking of OpenAI: <\/strong>Investor confidence in the AI boom <a href=\"https:\/\/www.wsj.com\/tech\/ai-worries-have-returned-to-wall-street-now-come-earnings-d680e19c?mod=hp_lead_pos1\" target=\"_blank\" rel=\"noopener\">wavered yesterday<\/a> following OpenAI\u2019s failure to meet its targets for users and revenues. OpenAI-linked firms, including Oracle and SoftBank, faced a market sell-off soon after, with some shares sliding over 4%.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">Get <b style=\"font-weight: bold\">Enterprise<\/b> daily<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p><a class=\"btn-green px-3 d-flex align-items-center\" href=\"\/egypt\/en\/user\/NewsLetters\" target=\"_blank\" rel=\"noopener\">Subscribe here<\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">***<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Were you forwarded this email?<\/strong> <a href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" target=\"_blank\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on <a href=\"mailto:UAE@enterpriseAM.com\" target=\"_blank\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DID YOU KNOW that we also cover 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                 <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116245\" 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=\"116245\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE BIG STORY TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/uae-exits-opec-to-prioritize-capacity-over-quotas\/\">\r\n                            The big exit                        <\/a>\r\n                 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data-image-title=\"1465.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1465.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1465.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116245\" class=\"content-area-description single-story post-116245 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-enterpriseam-uae tag-oil-and-gas tag-opec tag-the-big-story-today tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE\u2019s exit from Opec and Opec+ has been a<\/strong><strong> long time coming<\/strong>, analysts tell us, but it comes at a critical time, with oil markets heavily disrupted and the UAE\u2019s economy under unexpected pressure due to the regional war. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE \u2014 an Opec+ founding member of nearly 60 years \u2014 has long had differences with the cartel over restrictive<\/strong><strong> production quotas<\/strong> that have kept it from producing at its full capacity. \u201cThe outcome has likely long been in the making,\u201d global oil markets strategist and former head of research at Onyx group Harry Tchilinguirian tells us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe UAE needed to unshackle its output from a quota system<\/strong> \u2014 not only for the good of its flagship Murban futures contract, but also for its longer-term economic development, using oil revenues to finance its longer-term transition,\u201d Tchilinguirian says. This is despite Opec making a shift towards capacity-based quotas, which were <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/08\/opecs-new-capacity-audit-explained\/\" style=\"\">designed<\/a> to better align targets with real production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The change to its quota strategy \u2014 and recent <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/04\/this-morning-opec-hikes-production-for-september-unwinding-production-cuts-dubai-ras-al-khaimah-see-6-y-o-y-increase-in-tourists-in-1h\/\" style=\"\">quota hikes<\/a><\/strong><strong> \u2014 were more like a bandaid than a real solution.<\/strong> \u201cIn previous Opec meetings, agreed upward changes with Saudi Arabia to the UAE\u2019s production baseline level and quota were a short-term fix to a larger, long-term issue \u2014 namely, the UAE\u2019s expanding production capacity to provide the necessary liquidity for the physically deliverable IFAD Murban futures contract,\u201d he adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The keyword, \u201cflexibility,\u201d is right there in the UAE\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bzxzuh7-uae-announces-decision-exit-opec-opec%2B\" style=\"\">statement<\/a><\/strong><strong> on the news. <\/strong>\u201cThe decision reflects a policy-driven evolution in the UAE\u2019s approach, enhancing flexibility to respond to market dynamics while continuing to contribute to stability in a measured and responsible manner,\u201d the statement said. No matter what Opec\u2019s quota was based on, it was a quota \u2014 a restriction that prevented the UAE from turning its taps on or off (or ramping up production) whenever it needed to. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The UAE had been planning to grow its production capacity to 5 mn bbl \/ d by 2027, up from 4.85 mn today. It\u2019s also among several countries who have had to compensate for overproduction, with the country recently committing to a stepped series of make-up cuts from October 2025 through June 2026 to offset barrels produced above its Opec+ quota. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That flexibility is needed now more than ever: <\/strong>The UAE\u2019s economy was forecast to be the fastest growing in the GCC this year, and now it\u2019s expected by many to either stagnate or shrink in 2026 due to the impact of the war on the non-oil sector and oil market disruptions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201c<\/strong><strong>Greater output flexibility may help offset slowdowns in sectors such as tourism, trade, <\/strong><strong>and real estate<\/strong>, while maximizing hydrocarbon revenues and capitalizing on market-disruption<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">[windows] after the strait is fully open,\u201d MENA economist <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1459.pdf\" style=\"\">Hamzeh Al Gaaod wrote in a note (pdf)<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1459.pdf\" style=\"\"><\/a> shared with EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Right now, disruptions mean that the UAE is only exporting about half of its<\/strong><strong> production<\/strong>, so the move is unlikely to lead to any changes in the near term until the Strait blockade ends. But once it does, \u201cheadline GDP growth rates will be shifted substantially higher, further improving metrics like fiscal balances (which are in surplus anyway),\u201d Emirates NBD\u2019s Chief Economist and Head of Research Edward Bell. <\/p>\n<p class=\"tag-border-left\">Let\u2019s be clear about what \u201cunder pressure\u201d really means <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has plenty of liquidity<\/strong> \u2014 S&P Global estimates liquid assets amounting to about 211% of GDP \u2014 but the bigger problem, as we\u2019ve been saying time and time again, is what the disruption and the hit to its \u201csafe haven\u201d image will do to its non-oil sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201c<\/strong><strong>Recent indications of capital outflows and a slowdown related to the war create a need <\/strong><strong>for financial injections<\/strong>,\u201d Al Gaood writes. \u201cThis is evident in rising debt issuance, government support measures, and reported discussions of potential external financial arrangements (e.g., a Fed swap line),\u201d he adds. \u201cHigher oil production could directly sustain fiscal capacity and support private-sector activity.\u201d<\/p>\n<p class=\"tag-border-left\">This is also about its energy strategy and AI ambitions <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has been saying for a while now that the world needs to invest much more in<\/strong><strong> energy. <\/strong>Adnoc CEO and Industry and Advanced Technology Minister Sultan Al Jaber <a target=\"_blank\" href=\"https:\/\/x.com\/SultanAlJaber\/status\/2049125387503054942?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2049125387503054942%7Ctwgr%5E576e016facad2e2a0e17ed9d22c4e35b34726133%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2F2026%2F04%2F28%2Fuae-announces-it-will-leave-opec%2F\" style=\"\">said it<\/a> again yesterday: \u201cAt Adnoc, our focus is unchanged: meeting the growing energy needs of our customers and partners around the world with reliability, responsibility, and the ambition to deliver more\u2026 across oil, gas, chemicals, and low carbon and renewable energy.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Jaber has said it many times before: <\/strong>The data center and AI boom that\u2019s coming is going to need more energy \u2014 and a lot of it. So as policymakers fight about fossil fuels and renewables, the UAE has been pulling on one thread and one thread only: The world is going to need more energy, not less, and demand is going nowhere. He said at Adipec last November that oil consumption is expected to remain above 100 mn bbl \/ d beyond 2040, while LNG demand is projected to rise by 50%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWe believe the world is currently undersupplied,\u201d <\/strong>Energy Minister Suhail Al Mazrouei said in an interview with CNBC (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2026\/04\/28\/uae-minister-explains-decision-to-leave-opec-as-hormuz-crisis-deepens.html\" style=\"\">watch, runtime: 08:55<\/a>). \u201cThis situation would require agility, and someone to move quickly,\u201d he added.<\/p>\n<p class=\"tag-border-left\">Officials also want you to know what it\u2019s not about\u2026 <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis has nothing to do with any of our brothers and friends within the group<\/strong>\u2026 We have the highest respect for the Saudis for leading Opec,\u201d Al Mazrouei also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE chose now to make the announcement to avoid a severe impact on oil prices<\/strong><strong> and on Opec cartel members<\/strong>, Al Mazrouei added, citing the closure of the Strait of Hormuz and the shortages it\u2019s leading to in the market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWe believe that having the freedom to take the decision, and acting as a responsible producer<\/strong> to do our part in balancing the market is something we can do better alone than as part of a group,\u201d he explained. <\/p>\n<p class=\"tag-border-left\">What the move means for Opec <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mechanically, the exit removes 3-4 mn bbl \/ d of swing capacity<\/strong>, the ability to respond when Hormuz closes or pipelines rupture, Wolfgang Lehmacher, former head of supply chain and transport industries at the World Economic Forum tells EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, the rest of the group looks thinner where it counts:<\/strong> Iran and Iraq have little meaningful spare capacity \u2014 which means Opec\u2019s ability to smooth supply imbalances is directly weakened without the UAE in the mix, Carnegie\u2019s Sergey Vakulenko told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/view-uae-leave-opec-opec-oil-producer-groups-2026-04-28\/\" style=\"\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reality check: <\/strong>\u201cMost participants lack excess capacity and need pooled coordination as protection against volatility they cannot absorb individually,\u201d Lehmacher notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the volatility question is now front and center:<\/strong> A structurally weaker Opec points to a potentially more volatile oil market once current disruptions ease, as the group\u2019s ability to manage supply diminishes, Rystad Energy\u2019s Jorge Leon told Reuters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The problem for Opec is if the move triggers a \u201cfurther disintegration of the group<\/strong>,\u201d Capital Economics\u2019 Chief Climate and Commodities Economist David Oxley writes in a note seen by EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIf other producers begin prioritizing market share over quota discipline<\/strong>, Opec\u2019s ability to manage orderly markets through coordinated supply adjustments may increasingly be called into question,\u201d Ole Hansen, head of commodity strategy at Saxo Bank, said in a research note seen by EnterpriseAM. If discipline erodes too far, the group\u2019s capacity to shape the market shifts from enforcement to mere signaling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next phase of the oil market may be less about coordination and more about <\/strong><strong>competition: <\/strong>Monitor how the UAE manages its production \u2014 and whether Saudi Arabia adjusts its strategy to compensate.<\/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\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae\/\">UAE<\/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=\"116247\" 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=\"116247\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/adnoc-doubles-down-on-us-natgas-push\/\">\r\n                            Meanwhile\u2026 Adnoc is doubling down on its US natgas push                        <\/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\/29\/adnoc-doubles-down-on-us-natgas-push\/\" 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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These include projects covering production, pipelines, processing, liquefaction, and potentially regasification and pipeline infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe US is a market where we want to be bold,\u201d<\/strong> Siddiqui noted, adding that \u201cthis is unwavering, although obviously we will only do that under the right return expectations.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t new \u2014 but it\u2019s important given the timing and regional<\/strong><strong> context. <\/strong>The oil giant has been planning to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/806a2311-dc35-476d-9cd6-8216da1f3d23\/breakdown-of-the-uae-and-the-us%25e2%2580%2599-usd-60%253cmark%253e-bn%253c%2Fmark%253e-energy-investment-package\" style=\"\">increase<\/a> its US investments to USD 440 bn over the next decade, with USD 60 bn worth of investment agreements signed last year to develop existing oil and gas fields as well as explore new ones. It also said it is eyeing USD 9 bn worth of natural gas asset acquisitions. XRG also took an 11.7% stake in the first phase of NextDecade\u2019s USD 18 bn Rio Grande LNG export facility in Texas <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/26\/xrg-finalizes-acquisition-of-stake-in-rio-grandes-lng-facility\/\" style=\"\">last year<\/a> \u2014 marking its first direct investment in US gas infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timing? <\/strong>There could be a bigger opening for a deep-pocketed Middle Eastern player as banks are stepping back from the US LNG market over fears of global oversupply, Alex Munton, director of global gas at Rapidan Energy Group, told the FT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: Recent regional headwinds have made global exposure and hedging all the more<\/strong> <strong>critical <\/strong>as supply chains here at home become more difficult to manage. Adnoc has been relying on its Habshan-Fujairah pipeline to get some of its crude out, but the pipeline only has capacity for about half of its usual volume of crude exports. The company has since also had to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/09\/this-morning-regional-oil-players-slash-production-amid-hormuz-closure-airspace-opens-up-over-the-weekend\/\" style=\"\">rely on overseas storage<\/a> to get crude to markets like South Korea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For Adnoc, more US (and natgas) exposure builds optionality to its portfolio<\/strong> and helps realize its diversification and lower-carbon targets. XRG has been building a global platform, backed by its parent firm\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c09bd8e-e356-413a-8fab-2f371bee73d0\/this-morning:-adnoc-eyes-usd-150-bn-in-capex-until-2030-%2B-lunate-to-invest-usd-1-bn-in-mgx%3F\" style=\"\">USD 150 bn capex budget<\/a> through 2030, targeting a top-five global position in gas and petrochemicals. It has nearly doubled its enterprise value to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-24\/uae-oil-giant-keeps-150-billion-spending-plan-in-growth-push\" style=\"\">USD 151 bn<\/a> and recently closed a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/17\/adnoc-clinches-long-awaited-eu-approval-for-covestro-takeover\/\" style=\"\">EUR 14.7 bn takeover<\/a> of Germany\u2019s Covestro.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the focus is now purely on natural gas<\/strong>, after ExxonMobil put its proposed low-carbon hydrogen facility in Texas \u2014 where <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/fertiglobe-reports-first-set-of-earnings-since-adnoc-acquisition-with-the-producer-set-to-snap-up-adnocs-stake-in-exxons-texas-hydrogen-project\/\" style=\"\">XRG was set to acquire a 35% stake<\/a> \u2014 on hold. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/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\/oil-and-gas\/\">oil 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wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116250\" 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=\"116250\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/the-gccs-green-pivot-hasnt-been-undermined-by-the-war-says-sp\/\">\r\n                            Undimmed                        <\/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\/29\/the-gccs-green-pivot-hasnt-been-undermined-by-the-war-says-sp\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/729.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116251\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/the-gccs-green-pivot-hasnt-been-undermined-by-the-war-says-sp\/729-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/729.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"729.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/729.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/729.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116250\" class=\"content-area-description single-story post-116250 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-energy tag-enterpriseam-uae tag-infrastructure 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>While t<\/strong><strong>he<\/strong><strong> regional conflict likely pushed back the timelines of some renewables <\/strong><strong>projects, it ultimately reinforced the strategic case for renewables<\/strong>, says <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/regulatory\/article\/creditweek-how-can-battery-storage-charge-up-gulf-nations-renewable-energy-push-s101682001?utm_campaign=emerging-markets&utm_source=newsletter&utm_medium=link&utm_product=No%20product&utm_content=GCC&mkt_tok=NDQ4LURaRi00NzcAAAGhbLa7ins2pDBpPbHqe8MYjVqn_IJcyI9nsHqQacD3UnWbh2Qkhu1vWoF4elYj2JXRL0g6wXQAs4sZvCva9goKaxwZz4DvVYH0B50BZfb6\" style=\"\">S&P Global<\/a>. The sequencing of projects and how capital gets deployed could shift, depending on how long the conflict runs, the agency says. However, projects are still moving ahead in spite of the geopolitics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even in a prolonged-conflict scenario, GCC governments are expected to keep <\/strong><strong>renewables as a central feature of their long-term plans.<\/strong> Renewable energy can act as a tool for energy security and economic diversification, while allowing governments to meet local energy consumption and freeing up more barrels for export, particularly as oil and gas prices remain elevated. \u201cThis is particularly relevant in markets such as Saudi Arabia, where solar, wind, and storage costs are among the lowest globally outside China,\u201d S&P says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strain is mostly logistical: <\/strong>Delays in moving equipment through Hormuz are beginning to push project schedules, but most projects are protected by schedule-extension and force majeure clauses in their power purchase agreements, which preserve project economics over the medium term. Solar in the GCC is also relatively insulated from commodity-price swings: Sites are highly automated and spare parts are increasingly sourced locally, as Chinese manufacturers set up production facilities inside the region.<\/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 next phase<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big tech is emerging as the decisive driver of demand. <\/strong>Power-hungry data centers and AI infrastructure are pulling for large-scale, reliable clean energy, and corporate buyers accounted for roughly half of global contracted volumes last year. As these offtakers scale up, integrated solar-plus-storage systems are becoming the default model for around-the-clock supply.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The real bottleneck is the grid:<\/strong> Demand in the Gulf doesn\u2019t dip when the sun sets, and cooling loads keep consumption elevated well into the evening, creating a structural mismatch with intermittent solar output. That\u2019s why battery storage is shifting from a \u201cnice-to-have\u201d towards becoming core infrastructure. <\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116252\" 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=\"116252\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/\">\r\n                            FSRA tightens reins. rules                        <\/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\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/\" 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\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/')\">\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\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/\">\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=FSRA tightens reins. governance and ins. promotion rules&url=https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/&title=FSRA tightens reins. governance and ins. promotion rules\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=FSRA+tightens+reins.+governance+and+ins.+promotion+rules+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F04%2F29%2Ffsra-tightens-reins-governance-and-ins-promotion-rules%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\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2510.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116253\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/fsra-tightens-reins-governance-and-ins-promotion-rules\/2510-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2510.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2510.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2510.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2510.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116252\" class=\"content-area-description single-story post-116252 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-adgm tag-enterpriseam-uae tag-insurance tag-regulation tag-regulation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADGM\u2019s Financial Services Regulatory Authority has introduced new rules for <\/strong><strong>insurers, intermediaries, managers, and ins. special purpose vehicles <\/strong>in a sweeping <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1393.pdf\" style=\"\">package (pdf)<\/a> of ins. rule changes first floated for consultation <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/28\/dubai-introduces-tighter-regulations-for-trading-petroleum-products\/\" style=\"\">earlier this year<\/a>. The proposal was pitched as a move to align ADGM with International Association of Ins. Supervisors principles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For reinsurers, rules have been tightened pretty significantly:<\/strong><\/p>\n<ul>\n<li>Firms must conduct <strong>creditworthiness and diversification checks<\/strong> as part of comprehensive systems for selecting and monitoring reinsurers; <\/li>\n<li>Reinsurers must <strong>have clear documentation of principal economic and coverage terms<\/strong> for every contract;<\/li>\n<li>Insurers must consider <strong>how reins. contracts operate in an insolvency scenario<\/strong>;<\/li>\n<li>Reinsurers and ceding insurers must finalize contracts before the date the coverage begins; <\/li>\n<li>Firms are required to <strong>update the regulator should an issue arise<\/strong> that may affect the orderly operation of reins. contracts. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Consumer-protection rules were also tightened: <\/strong>The regulator has called on insurers to withdraw any marketing material that is unclear, unfair, or misleading, while requiring promotional materials to undergo an independent review by someone other than the person who created them \u2014 if it\u2019s an advertising firm, then that would be the ins. firm itself, and vice versa. It has also introduced clearer product-governance expectations, including defining target client segments and identifying which products may not suit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: climate risk is now formally on the agenda.<\/strong> Insurers and other authorized firms must assess whether climate-related financial risks are material to their business model, financial position, or ability to meet regulatory obligations. If they are, firms are now expected to monitor and govern those risks while also submitting regular disclosures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some firms get lighter reporting burdens:<\/strong> Captive insurers (vehicles typically used by corporates to insure group risks) will no longer face routine quarterly regulatory returns unless it\u2019s specifically requested by the regulator. <\/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\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116254 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=\"116254\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/116254\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116254\" class=\"content-area-description single-story post-116254 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=\"116255\" 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=\"116255\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/earnings-in-from-nmdc-aldar-e-ncth-dib\/\">\r\n                            NMDC, Aldar, e&amp;, NCTH, and DIB\u2019s earnings are in                        <\/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\/29\/earnings-in-from-nmdc-aldar-e-ncth-dib\/\" 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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Its revenues, meanwhile, climbed 33% to AED 5 bn over the same period, supported by strong backlog execution. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company did not face interruptions<\/strong>, however, and is in a good position for the remainder of the year, it said, adding that its backlog stands at AED 35.3 bn as of the end of March, while its project pipeline reached AED 67 bn. The UAE remained the dominant contributor, accounting for 74% of total revenue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The firm was planning to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/04\/adnoc-tecom-nmdc-energy-and-dubai-reit-turn-in-2025-results\/\" style=\"\">enter new markets<\/a><\/strong><strong> including Nigeria and Europe<\/strong>, CEO Ahmed Al Dhaheri said earlier, after rolling out new offices in Shanghai and Taiwan last year, according to its management and discussion analysis <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/224.pdf\" style=\"\">report (pdf)<\/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\">Aldar leans on backlog as sales cool<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi developer Aldar turned in a relatively strong 1Q despite so<\/strong><strong>fter <\/strong><strong>activity<\/strong>, with net income rising 20% y-o-y to AED 2.3 bn and revenue up 12% to AED 8.7 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1441.pdf\" style=\"\">financials (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growth drivers:<\/strong> In a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1442.pdf\" style=\"\">earnings release (pdf)<\/a>, the company pointed to backlog conversion and resilient recurring income from its investment platform as the main drivers. Its development backlog hit a record AED 72.1 bn, while income-generating assets grew to AED 52 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there are early signs of moderation: <\/strong>Group sales fell 25% y-o-y to AED 6.7 bn, with UAE sales down 30% as launch activity slowed and March demand softened. Aldar framed this as a \u201cdisciplined approach\u201d to launches amid evolving market conditions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, demand hasn\u2019t disappeared <\/strong>\u2014 88% of Aldar\u2019s UAE sales, or AED 5.3 bn, came from overseas and expat buyers, and recent launches like Yas Park Place saw 80% of units snapped up within a week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Need a refresher on the broader market? <\/strong>Abu Dhabi clocked <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/08\/abu-dhabis-property-market-sees-strong-growth-in-1q-2026-but-the-war-is-threatening-a-fragile-supply-pipeline\/\" style=\"\">AED 66 bn<\/a> in real estate transactions in 1Q, with activity \u201cpausing to take stock, not under structural pressure,\u201d analysts told us, suggesting demand has held up despite the regional backdrop. That said, activity is likely to ease further in the coming months as investors turn more cautious, with higher construction costs and logistical challenges also potentially weighing on project timelines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A cushion from the investment side:<\/strong> Aldar Investment posted 14% revenue growth to AED 2.1 bn, supported by high occupancy (mid-90s across most segments), firm rental rates, and contributions from recent acquisitions. This includes recent transactions such as its <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=\"\">JV with Mubadala<\/a> acquiring <a target=\"_blank\" 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\/\" style=\"\">The Link in Masdar City<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/24\/m42-expands-footprint-in-brazil-ad-ports-sells-assets-to-aldar-and-another-wager-on-autonomous-aviation\/\" style=\"\">AED 650 mn purchase<\/a> of logistics warehouses in Kezad from AD Ports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Liquidity is giving it room to stay on the front foot: <\/strong>The group ended the quarter with AED 33.2 bn in available liquidity and has been active in capital markets, including USD 2 bn in hybrid issuances and a new <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/17\/private-lending-is-going-strong-despite-regional-tensions-with-aldar-raising-aed-5-bn-from-banks\/\" style=\"\">AED 5 bn sustainability-linked facility<\/a>, positioning it to keep deploying even as conditions evolve.<\/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\">NCTH earnings cool as gains normalize, but revenue holds up<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s National Corporation for Tourism and Hotels (NCTH) reported a <\/strong><strong>softer <\/strong><strong>1Q on the bottom line even as revenues continued to climb. <\/strong>Net income fell 46.6% y-o-y to AED 96.6 mn, while revenue rose 8.4% y-o-y to AED 615.9 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1466.pdf\" style=\"\">management discussion and analysis report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The drop largely reflects last year\u2019s one-off gain from a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/30\/alpha-dhabi-holding-ups-its-national-corporation-for-tourism-and-hotels-stake-to-73-73\/\" style=\"\">bargain acquisition<\/a><\/strong> \u2014 tied to a reverse transaction in which Alpha Dhabi raised its stake to 73.7% and transferred four hotel assets to NCTH \u2014 suggesting this quarter marks a normalization rather than a deterioration in core operations. Hotels remained the main revenue engine at over AED 306 mn, with catering and other services also posting gains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the backdrop is getting tougher: <\/strong>As we\u2019ve covered, the tourism sector has been under pressure since the war, with hotel occupancy dropping from around 90% to as low as <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dubai-is-offering-financial-stimulus-for-tourism-art-and-more\/\" style=\"\">16% last month<\/a> and some properties <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=\"\">temporarily shutting<\/a> to cut costs. Policymakers have since stepped in with targeted support, including <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/24\/this-morning-tourism-in-ajman-is-the-latest-to-see-govt-support-al-habtoor-kicks-off-its-lawsuit-against-lebanon\/\" style=\"\">Ajman\u2019s tourism fee deferrals and fine exemptions<\/a> and Dubai\u2019s broader <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dubai-is-offering-financial-stimulus-for-tourism-art-and-more\/\" style=\"\">AED 1 bn relief plan<\/a>, with a federal, sector-specific package <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=\"\">also in the works<\/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\">DIB earnings stall as higher impairments offset 13% revenue growth<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Islamic Bank\u2019s (DIB) net income was relatively unchanged y-o-y <\/strong><strong>coming in at AED 1.8 <\/strong><strong>bn in 1Q <\/strong><strong>2026<\/strong>, even as revenue rose 13% y-o-y to AED 3.5 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1469.pdf\" style=\"\">management discussion and analysis report (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Top-line growth was fueled by a 30% jump in non-funded income<\/strong> and a 5% rise in funded income, pointing to improving diversification. But higher impairment charges \u2014 which have also <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/24\/big-uae-banks-keep-growing-even-as-impairments-make-noise\/\" style=\"\">weighed on other lenders this quarter<\/a> \u2014 and margin compression in a lower-rate environment capped bottom-line growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The balance sheet kept expanding<\/strong>, with net financing and sukuk investments up 3% YTD to AED 364 bn and deposits reaching AED 322 bn.<\/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\">e& leans on scale, diversification to power through 1Q<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Telecoms group e& reported a steady start to the year<\/strong>, with net income rising 3.9% y-o-y to AED 2.9 bn (excluding one-offs), while revenue climbed 15.1% to AED 19.4 bn, driven by strong performance across its home and international telecom verticals, according to its <a target=\"_blank\" href=\"https:\/\/www.eand.com\/en\/investors\/financial-highlights.html\" style=\"\">financial highlights<\/a>. Subscriber numbers jumped 30.8% to 248 mn, reflecting continued scale-up and demand for digital and AI-led services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CEO Masood Mahmood <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bzxzuq7-reports-aed194-billion-consolidated-revenue-with\" style=\"\">flagged<\/a><\/strong><strong> the group\u2019s \u201cagile business model\u201d and international diversification as key to navigating regional disruption during the quarter<\/strong>, as geopolitical tensions weighed on business activity in March. The group continued to deepen its footprint, with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/05\/e-backed-pakistani-telco-now-owns-100-of-telenor-pakistan\/\" style=\"\">Ufone securing 5G spectrum in Pakistan<\/a>, a new enterprise AI push with IBM, and e& Money landing a UAE Central Bank finance company license, opening the door to lending and a broader fintech play.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends getting a lift: <\/strong>Shareholders approved a higher 2025 payout of 90 fils per share, up from 86 fils. The company flagged plans to increase this further to 95 fils in 2026 under its updated dividend policy.<\/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-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc-group\/\">NMDC Group<\/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=\"116257\" 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=\"116257\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/vara-gives-the-greenlight-to-more-firms-uae-firm-makes-moves-in-egypt\/\">\r\n                            Vara gives the greenlight to more firms + UAE firm makes moves in Egypt                        <\/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\/29\/vara-gives-the-greenlight-to-more-firms-uae-firm-makes-moves-in-egypt\/\" 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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Daman is planning on launching its crypto platform in mid-May and is eventually eyeing expansion outside the UAE, while the move marks ARP Digital\u2019s first expansion out of Bahrain. <\/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\">UAE firm makes industrial moves in Egypt<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new UAE-backed factories complex in Egypt in the pipeline: <\/strong>UAE-based investment firm Alpha Smart inked an agreement with Egypt\u2019s Suez Canal Economic Zone to develop a USD 100 mn integrated industrial complex spanning 500k sqm in Egypt\u2019s Ain Sokhna area, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid0KWkLN1UqXBay9rnUjnLdreMa9ciGgWczYavGYbAX7gcmvyqUPeqJSzr7rtA1HgWol\" style=\"\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The project, to be implemented in two phases over six years, is expected to attract an additional USD 150 mn in industrial investments. The complex will offer fully equipped factory units that allow companies to begin operations within 90 days, alongside logistics, administrative, and commercial facilities. It\u2019ll also include a 25 MW power facility.<\/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\">Citadel is heading to DIFC<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US-based multinational hedge fund <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.citadel.com\/\" style=\"\">Citadel<\/a><\/strong> <strong> has received the regulatory green <\/strong><strong>light to start operating from the Dubai International Financial <\/strong><strong>Cent<\/strong><strong>re (DIFC)<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-28\/citadel-said-to-get-greenlight-to-begin-operating-in-dubai\" style=\"\">Bloomberg<\/a> reports, citing unnamed sources it says are familiar with the matter. The firm \u2014 which manages USD 67 bn in assets \u2014 <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-18\/citadel-plans-dubai-office-in-boost-for-city-s-hedge-fund-hopes\" style=\"\">first revealed plans<\/a> to move to the emirate late last year. Citadel had indicated that its fixed income and macro teams would be the first to set up shop in the Dubai outpost.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/vara\/\">Vara<\/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=\"116259\" 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=\"116259\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/mena-debt-markets-had-a-muted-1q-2026\/\">\r\n                            Muted 1Q for MENA debt markets                        <\/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\/29\/mena-debt-markets-had-a-muted-1q-2026\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/mena-debt-markets-had-a-muted-1q-2026\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/mena-debt-markets-had-a-muted-1q-2026\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=MENA debt markets had a muted 1Q 2026&url=https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/mena-debt-markets-had-a-muted-1q-2026\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/mena-debt-markets-had-a-muted-1q-2026\/&title=MENA debt markets had a muted 1Q 2026\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=MENA+debt+markets+had+a+muted+1Q+2026+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F04%2F29%2Fmena-debt-markets-had-a-muted-1q-2026%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/mena-debt-markets-had-a-muted-1q-2026\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1471.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116260\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/mena-debt-markets-had-a-muted-1q-2026\/1471-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1471.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1471.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1471.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1471.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116259\" class=\"content-area-description single-story post-116259 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-planet-finance 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>MENA bond issuance fell 12% y-o-y to USD 48.1 bn in 1Q 2026<\/strong> as escalating geopolitical tensions cooled market activity, according to LSEG <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/geopolitical-tensions-drag-mena-debt-issuance-down-12-in-q1-ad7rpt70\" style=\"\">data<\/a>. The number of issuances fell 11% y-o-y, with the GCC market effectively grinding to a halt in March as the regional conflict broke out. Issuances were already subdued because of Ramadan starting in mid-February, but sentiment and activity took a bigger hit throughout March, with USD-denominated sukuk and bond sales from the GCC broadly muted for most of the month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A quarter of two halves:<\/strong> \u201cIssuance dynamics were uneven over the quarter. January saw robust activity, while February was broadly in line with seasonal norms, despite coinciding partially with Ramadan,\u201d said Bashar Al Natoor, Fitch Ratings\u2019 global head of Islamic finance. The post-Ramadan rebound that markets typically see was undermined this year, making March activity \u201cmaterially weaker,\u201d Al Natoor said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> A war premium brought a record-breaking start in GCC borrowing activity to a halt as regional markets began pricing at a war premium following the outbreak of the conflict with Iran, Fitch Ratings <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/03\/15\/gcc-debt-markets-hit-the-brakes-as-geopolitical-risk-spikes\/\" style=\"\">previously said<\/a>. Regional debt markets had been on track to break the USD 1.25 tn mark this year, up from USD 1.1 tn in issuances last year, but a 20-30 bps rise in spreads made borrowing costs just high enough to make most issues uneconomical in the near term. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia was in the lead before activity stalled:<\/strong> The Kingdom accounted for some 58% of total bond proceeds raised during the quarter, and was home to the two largest issuers by value, the data shows. Saudi Arabia raised USD 32.54 bn across 42 issuances, Kuwait Financial Center (Markaz) said in a report earlier this week. That activity includes a USD 11.42 bn four-tranche bond sale in early January, as well as Saudi Aramco raising USD 3.95 bn. The UAE accounted for 27% of all activity during the quarter, with the Abu Dhabi government raising USD 2.99 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The top 10 leaderboard tells the story:<\/strong> Nine of the quarter\u2019s 10 largest MENA bond transactions closed in January, with just one issuance \u2014 Abu Dhabi\u2019s February sale \u2014 making it into the top 10. Saudi issuers took seven of the top 10 spots, including the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/19\/sec-snb-close-usd-denominated-paper\/\" style=\"\">Saudi Electricity Company<\/a> (USD 2.4 bn), Saudi Telecom (USD 2 bn), and Riyad Bank (USD 1 bn). The Kingdom of Bahrain (USD 1.3 bn), Kuwait Finance House (USD 1 bn), and Emirates NBD (USD 1 bn) rounded out the list. All 10 of the largest issuances were USD-denominated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Corporate issuances took the lead<\/strong>, raising USD 32 bn during the quarter, while sovereigns and agencies raised USD 16 bn. Financial institutions accounted for 44% of total proceeds, according to the data. Meanwhile, <strong>Islamic bond issuances in the region fell 17% y-o-y<\/strong> to USD 14.6 bn, accounting for 30% of total bond proceeds \u2014 the lowest share in three years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A recovery in issuance activity hinges on geopolitics and how the conflict develops from <\/strong><strong>here.<\/strong> \u201cThe key challenge at present is the uncertainty surrounding the duration and trajectory of the conflict,\u201d Al Natoor said. \u201cUntil there is greater clarity on whether tensions stabilize, escalate, or persist, visibility on the timing and strength of any recovery in issuance activity remains limited.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That recovery hasn\u2019t quite materialized yet:<\/strong> ADX-listed healthcare provider Burjeel Holdings put a planned USD 1.5 bn Islamic bond issuance on hold due to the war and weaker market conditions. \u201cSpreads have changed,\u201d CEO Shamsheer Vayalil said <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/04\/27\/2026\/burjeel-healthcare-group-puts-islamic-bond-on-hold\" style=\"\">earlier this week<\/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\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asia-Pacific markets are mixed in early trading this morning<\/strong>, as investors digest the tech selloff on Wall Street a day earlier, triggered by OpenAI missing its 1Q targets. Investors will be watching closely for the US Federal Reserve\u2019s interest rate decision as the central bank concludes its two-day meeting later today. <\/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\">9,836<\/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: -1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,858<\/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: -3.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,712<\/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: -3.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.4% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.9% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,180<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">52,231<\/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: +24.8%)<\/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>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\">7,139<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +4.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,333<\/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: +3.8%)<\/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>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\">5,836<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 111.26<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.8%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (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 2.68<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4,611<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 76,345<\/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\">-0.9% (YTD: -12.9%)<\/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>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 3.70<\/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% (YTD: -1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">151.72<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: -0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">17.83<\/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: +19.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.1% yesterday<\/strong> on turnover of AED 1.1 bn. The index is down 1.6% 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>Invest Bank (+12.1%), Orascom Construction (+9.4%), and Gulf Cement Co (+8.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Alpha Dhabi Holding (-4.9%), Umm Al Qaiwain General Investment Co (-4.9%), and Al Khaleej Investment (-4.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.2% on turnover of AED 740.1 mn. Meanwhile, Nasdaq Dubai was down 0.2%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116261\" 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\/29\/116261\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116261\" class=\"content-area-description single-story post-116261 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>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=\"\">28-29 Apr <\/span><span>(Tuesday-Wednesday):<\/span><span style=\"font-weight:400;\"> US Federal Reserve Open Market Committee meeting.<\/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 style=\"\">12-14 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adisummit.ae\/\" 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=\"\">15-17 May (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.artdubai.ae\/\" style=\"\">Art Dubai<\/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>22 May-7 June (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiesportsfestival.com\/\" style=\"\">Dubai Esports and Games Festival<\/a><\/span><span>,<\/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>17 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-global-tashkent\/#:~:text=Investopia%20Global%20%E2%80%93%20Tashkent%20will%20bring,%2C%20partnership%2C%20and%20economic%20advancement.\" style=\"\">Investopia Global Talks<\/a><\/span><span style=\"font-weight:400;\">, Tashkent, Uzbekistan.<\/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>5-7 October<\/span><span> (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>, 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>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>27-28 October (Tuesday-Wednesday): <\/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>, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 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>2-6 November (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>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=\"\">8-9 December (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=\"\">, Madinat Jumeirah, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">1 January: Deadline for large businesses to implement e-invoicing;<\/span><\/li>\n<li><span>1Q 2027: Completion of the first phase of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4e973fb-1779-41cf-b29f-f4df8c403414\/this-morning:-india%25e2%2580%2599s-kotak-receives-sca-license,-plans-retail-focused-funds-in-4q-2025-%2B-ifza-in-panama%3F\" style=\"\">Hassyan seawater desalination project<\/a><\/span><span style=\"font-weight:400;\">;<\/span><\/li>\n<li><span>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: Vara hands out more licenses + UAE firm looks to Egypt<\/p>\n","protected":false},"featured_media":116241,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-116240","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"833ff478-969e-4d5c-808e-df8b8dd6ef72","teaser":"Plus: Vara hands out more licenses + UAE firm looks to Egypt","photo_url":"https:\/\/ent.news\/2026\/4\/1496.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO 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