{"id":116663,"date":"2026-05-06T00:00:00","date_gmt":"2026-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=116663"},"modified":"2026-05-06T02:40:08","modified_gmt":"2026-05-06T02:40:08","slug":"pmi-inches-closer-to-contraction-territory-as-cost-pressures-mount","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/pmi-inches-closer-to-contraction-territory-as-cost-pressures-mount\/","title":{"rendered":"PMI inches closer to contraction territory as cost pressures mount"},"content":{"rendered":"<section id=\"116665\" 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=\"116665\">\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\/05\/06\/this-morning-dfsa-clarifies-islamic-finance-rules-standard-chartered-eyes-uae-expansion\/\">\r\n                            THIS MORNING: DFSA clarifies Islamic finance rules + Standard Chartered eyes UAE expansion                        <\/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\/05\/06\/this-morning-dfsa-clarifies-islamic-finance-rules-standard-chartered-eyes-uae-expansion\/\" 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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The UAE\u2019s airspace also came <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-restricts-airspace-after-iranian-missile-drone-attack-2026-05-05\/\" style=\"\">under new restrictions<\/a>, with only specific routes approved for flights until 11 May, only a couple of days after Dubai Airports had said wartime restrictions were lifted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aside from the<\/strong><strong> NCEMA post and slightly less traffic, it was still BAU<\/strong>, with Make It in the Emirates continuing for its second day in Abu Dhabi, with plenty more localization agreements for the pharma, defense, and energy sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Big Story Today, however, is the drop in the Purchasing Managers\u2019 Index for April<\/strong>, with the non-oil sector seeing its weakest performance in more than five years on the back of mounting cost pressures and slowing demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong>We\u2019re seeing more cooperation to boost inland logistics as aviation and shipping continue to see disruptions, as well as more investments from Mubadala and more regulatory updates from DIFC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- We\u2019re breaching the 40\u00b0C mark yet again<\/strong>, and it\u2019s only the first week of May. Dubai is set to see a sweltering high of 42\u00b0C and a low of 30\u00b0C, while Abu Dhabi will see a high of 40\u00b0C and a low of 26\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/sub.ent.news\/menaplus\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/258.gif?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh to Mumbai. Abu Dhabi to Singapore. Dubai to London. Cairo to Shenzhen.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most important business stories in MENA aren\u2019t happening inside MENA anymore<\/strong> \u2014 they\u2019re happening at the edges, where regional capital meets global ambition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM MENA+ is our new flagship newsletter<\/strong>, built to cover the flows of capital, people, and ideas across the Middle East \u2014 and beyond it. AI, geopolitics, the war for talent, sovereign wealth strategy, the changing energy economy, and the new corridors reshaping global trade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/menaplus\/\" style=\"\">Tap or click here to get your own copy<\/a><\/strong> delivered to your inbox every Monday, Wednesday, and Friday at 12 pm UAE | 11 am KSA | 11 am Egypt.<\/p>\n<p class=\"tag-border-left\">Watch this space <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>FINANCE<\/strong> <strong>\u2014<\/strong> <strong>Standard Chartered is<\/strong><strong> planning on bulking out its UAE offices as part of a wider push in the Gulf<\/strong>, the lender\u2019s head of private and affluent banking Raymond Ang told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/stanchart-expand-gulf-wealth-operation-boost-teams-taiwan-southeast-asia-2026-05-05\/\" style=\"\">Reuters<\/a>. The war\u2019s impact on its operations has been \u201cnegligible,\u201d Ang said, pointing to a recent normalization of inflows following <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/26\/is-dubai-real-estate-credit-cracking\/\" style=\"\">outflows<\/a> earlier during the war. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm is looking to add more relationship managers for its HNWI clients in Dubai<\/strong>, adding to more than 100 bankers and managers already stationed there, as it doubles down on HNWI Indian and Pakistani nationals in the Emirates. It\u2019s also considering an expansion in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>REGULATION \u2014 The Dubai Financial Services Authority (DFSA) is <\/strong><strong>looking to <\/strong><strong>draw clearer lines on how firms market Islamic finance in the Dubai International Financial Center. <\/strong>The authority launched a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/260.pdf\" style=\"\">consultation (pdf)<\/a> on rulebook updates, with the \u201cIslamic endorsement\u201d front and center, after more firms have been wanting to offer Islamic finance options. The paper is open for comments until 19 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s changing?<\/strong> The DFSA wants to codify when that label kicks in. Firms would need an endorsement if they market products as shariah-compliant, run Islamic windows, or manage Islamic funds \u2014 essentially, if they \u201chold [themselves] out\u201d as operating in line with shariah. Execution-only distribution without branding or advice wouldn\u2019t trigger the requirement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Takaful rules are also being tightened<\/strong>, with all providers required to disclose key contract mechanics \u2014 including how contributions are calculated, how surpluses are shared, and when additional payments may arise \u2014 under broader conduct rules that standardize disclosures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>DESALINATION<\/strong> <strong>\u2014<\/strong> <strong>NMDC puts its desalination wager to work: <\/strong>NMDC subsidiary NMDC Infra has landed an AED 1.0 bn EPC contract to build a 60 MIGD seawater desalination plant in Fujairah in partnership with Spain\u2019s Lantania, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/261.pdf\" style=\"\">statement (pdf)<\/a>. The two sides inked the contract with the investment arm of Etihad Water and Electricity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The reverse osmosis facility will include storage covering 18 hours of output and is set for delivery over roughly 30 months, with phased commissioning to full capacity. It will sit within the Port of Fujairah, leveraging existing infrastructure as the UAE scales up water security.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Fujairah contract draws directly on NMDC\u2019s tie-up with Lantania<\/strong>, following its acquisition of a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/20\/nmdc-marks-its-first-foray-into-europe\/\" style=\"\">51% stake in Lantania Aguas<\/a>, now Lantania NMDC Water \u2014 the same partner on the project. The firm ranks among the top global desalination EPC players, with a backlog of around AED 2 bn and experience with large-scale projects like Saudi Arabia\u2019s Jubail and Ras Mohaisen plants, giving NMDC a ready-made platform to scale in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>LOGIS<\/strong><strong>TICS \u2014 UAE players look to boost cargo flows: <\/strong>Some of the Emirates\u2019 logistics heavyweights are teaming up to improve intermodal logistics flows in the emirates. AD Ports, CMA Terminals Khalifa Port, and shipping giant CMA CGM Group <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2026\/05\/05\/ad-ports-group-cma-terminals-khalifa-port-and-cma-cgm-group-sign-mou\" style=\"\">inked an MoU<\/a> to streamline movement between rail depots, dry ports, and cargo depots. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Target areas: <\/strong>The cooperation between the three sides aims to boost movement through the northern Emirates, as well as into Oman and Saudi Arabia. The UAE and Oman are already teaming up on a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/10\/bank-consortium-extends-usd-1-5-bn-loan-for-uae-oman-hafeet-rail\/\" style=\"\">USD 2.5 bn rail project<\/a>, which is set <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/27\/hafeet-rail-to-add-new-oman-emirates-freight-line\/\" style=\"\">to include a freight service<\/a>. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/18\/this-morning-dubai-oman-team-up-to-bypass-logistics-bottlenecks-ihc-signs-off-on-buyback-program-up-to-aed-5-bn\/\" style=\"\">Earlier in the war<\/a>, the two countries also teamed up in a temporary joint corridor to expedite procedures for sea and air cargo via Oman, which is located outside of Hormuz.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PHARMA \u2014 Dubai Investments\u2019 pharma subsidiary <\/strong><strong>Globalpharma is moving ahead with its <\/strong><strong>manufacturing push in Angola<\/strong>, with production at the planned facility in Dubai Investments Park Angola slated to begin in 2027, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/c025nok-%D8%AC%D9%84%D9%88%D8%A8%D8%A7%D9%84-%D9%81%D8%A7%D8%B1%D9%85%D8%A7-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%88%D8%AD%D8%AF%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%A3%D8%AF%D9%88%D9%8A%D8%A9\" style=\"\">Wam<\/a> reports. The update confirms progress on <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/27\/uae-boosts-investments-in-angola-following-trade-and-economic-partnership-agreement\/\" style=\"\">earlier plans announced last year<\/a>, when the company signed an MoU with Angola\u2019s Health Ministry to develop a plant focused on producing essential meds locally, with government support for licensing and approvals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move points to the company looking to scale demand for Emirati-made pharma beyond the GCC<\/strong>, building on a portfolio of more than 100 meds exported to around 15 countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M&A Watch <\/strong><strong>\u2014<\/strong> <strong>FCC commissioner raises<\/strong><strong> alarm bells over L\u2019imad-backed Warner <\/strong><strong>Bros. merger: <\/strong>US Federal Communications Commission (FCC) official Anna Gomez has identified Paramount\u2019s L\u2019imad-backed acquisition of Warner Bros. Discovery as a potential national security risk as it would constitute foreign investment in US broadcasting, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/fcc-commissioner-seeks-rigorous-review-foreign-investment-warner-bros-deal-2026-05-05\/\" style=\"\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Paramount <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/28\/this-morning-uaes-gdp-to-stagnate-this-year-reuters-poll\/\" style=\"\">submitted a request<\/a> to the regulator last week to bypass statutory limits on foreign ownership of US broadcasting assets, as foreign entities would own slightly less than 50% of the merged entity. The merger is backed by some <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/04\/09\/pif-gcc-swfs-reportedly-commit-usd-24-bn-to-warner-bros-takeover\/\" style=\"\">USD 24 bn in commitments<\/a> from Abu Dhabi government-owned firm L\u2019imad and other GCC sovereign wealth funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The wavering ceasefire in the US-Iran conflict is in the headlines this morning. <\/strong>Despite Iran's strikes on the UAE, US Defense Secretary Pete Hegseth <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/middle-east-truce-doubt-us-iran-fight-control-strait-hormuz-2026-05-05\/\" style=\"\">has maintained<\/a> that the truce still holds. President Donald Trump <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116524418935002706\" style=\"\">announced<\/a> a \u201cshort\u201d pause on US efforts to escort ships out of the Strait of Hormuz \u201cto see whether or not the Agreement can be finalized and signed.\u201d Echoing sentiments of deescalation, Secretary of State Marco Rubio <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/c1wz2ld4535t?fbclid=IwY2xjawRmiG9leHRuA2FlbQIxMABicmlkETF2bUkwM3NKSXZQdDY5bnRrc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHmvgQ3th2DFroHsYTl3DOWJICdDakxpaTSmmU_ks8lx7Y6vBwiahoXxbm7Vh_aem_pBdrpojVjMnjwJ0OhyZ3og&page=3\" style=\"\">confirmed<\/a> that the offensive stage of Washington\u2019s campaign is over.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could we bid farewell to quarterly earnings? <\/strong>The Securities and Exchange Commission <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3560d1e3-8271-453f-84d6-4a875b9efd98?syn-25a6b1a6=1\" style=\"\">is<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3560d1e3-8271-453f-84d6-4a875b9efd98?syn-25a6b1a6=1\" style=\"\">considering<\/a> dropping the mandatory requirement of quarterly reporting, opting to keep disclosures a semi-annual occasion. The move by the US regulator coincides with Trump\u2019s call for deregulation for Wall Street.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, in the world of AI:<\/strong> Meta is <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5b48360c-53f2-444a-80a8-f7034750fd62?syn-25a6b1a6=1\" style=\"\">developing a personalized AI assistant<\/a> designed to streamline daily tasks for its global user base. Sources with knowledge of the matter compared the initiative to services offered by OpenClaw, which enables users to deploy autonomous agents capable of executing complex tasks independently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But is AI a bubble waiting to pop? <\/strong>JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink say no. They <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ce8a1b9d-1427-472f-9585-294c7af2e0fb?syn-25a6b1a6=1\" style=\"\">have argued<\/a>, in separate comments, that Wall Street\u2019s massive investments in AI tech and infrastructure are justified. Fink argues that AI spending is the \u201copposite\u201d of a bubble, saying that \u201cwe have supply shortages; demand is growing much faster than anyone has anticipated.\u201d<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/non-oil-sector-takes-another-hit-in-april-amid-soaring-prices-supply-chain-disruptions\/\">\r\n                            Non-oil sector was at its weakest in five years in April                        <\/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\/05\/06\/non-oil-sector-takes-another-hit-in-april-amid-soaring-prices-supply-chain-disruptions\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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             <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/44.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116669\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/non-oil-sector-takes-another-hit-in-april-amid-soaring-prices-supply-chain-disruptions\/44-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/44.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"44.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/44.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/44.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116668\" class=\"content-area-description single-story post-116668 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-energy tag-enterpriseam-uae tag-inflation tag-logistics tag-the-big-story-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The non-oil private sector had its weakest month in more than five years<\/strong> <strong>in April<\/strong>, amid increased cost pressures and ongoing supply chain disruptions due to the regional war, according to S&P Global\u2019s latest Purchasing Managers\u2019 Index (PMI) <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/235.pdf\" style=\"\">report (pdf)<\/a>. The country\u2019s seasonally adjusted PMI slipped to 52.1, down from 52.9 in March, marking the softest expansion since February 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A slump in demand as tourism fell during the month, coupled with shipping route disruptions, led to a decline in output and export orders<\/strong>, according to the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The drop was largely expected, and the fact that it didn\u2019t fall by a wider margin is a sign that some recovery measures have helped. <\/strong>\u201cThe smaller drop reflects the fact that the UAE\u2019s use of central bank measures, including the extension of credit to indebted businesses and individuals, is helping sustain the momentum,\u201d MENA economist Hamzeh Al Gaood tells EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The 50.0 mark is what separates expansion from contraction, so anything below 50.0 signals contraction. The last time the UAE\u2019s non-oil sector was in contraction territory was in 2020, at the peak of Covid-19. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Costs bite: <\/strong>Oil and transport costs rose sharply, leading some businesses to reduce staff and freeze (or cut) salaries, with salary inflation falling to a 33-month low and workforce numbers across the non-oil sector falling to their lowest levels so far this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cFirms are looking to limit the impact where possible, with slowdowns in purchasing and hiring growth<\/strong> and even some reports of wage cuts, but a broad increase in price pressures is nevertheless still likely to dampen customer spending across the economy more widely,\u201d Senior Economist at S&P Global Market Intelligence David Owen said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As expected, consumers are starting to feel it:<\/strong> Businesses are starting to pass some of the cost pressures on to consumers, with average selling prices rising at a historically sharp pace.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been expecting this: <\/strong>As we <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/the-surge-in-fuel-prices-is-working-its-way-through-the-economy\/\" style=\"\">recently noted<\/a>, surging fuel, shipping, and ins. expenses have been weighing on businesses. While many firms initially attempted to insulate customers by absorbing these overheads, they are now beginning to pass those costs on to the broader economy. The hardest-hit sectors, analysts tell us, are tourism and hospitality, construction, transport and logistics, and retail and food. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At least more people are hopeful now: <\/strong>Perhaps as the ceasefire settles (attacks on Monday notwithstanding\u2026) and with consumer demand still proving resilient, firms were upbeat about the coming year, with expectations rising to a three-month high. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cAs inflation increases because of how long the strait has been closed for, we\u2019re likely to see more of an impact on PMIs, especially from an output and inventory movement perspective,\u201d Al Gaood says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could we see contractio<\/strong><strong>n ahead? <\/strong>\u201cIt would be reasonable to expect a contraction in the non-oil sector that is on par with the early months of Covid and possibly worse, because Covid did not impact the manufacturing sector or seabound trade in the same way,\u201d director of Khalij Economics and GCC analyst at GlobalSource Partners tells EnterpriseAM. Still, the slowdown in April was \u201cremarkably mild\u201d all things considered, he adds. <\/p>\n<p class=\"tag-border-left\">Over in Dubai <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was a similar story in Dubai<\/strong>, with conditions softening to their weakest since September 2021, and the PMI falling to 51.6, down from 53.2 a month earlier. Despite output and business growth softening on supply chain disruptions, businesses were again optimistic about demand recovery in the year ahead.<\/p>\n<p class=\"tag-border-left\">Elsewhere in the region <\/p>\n<ul>\n<li><strong>Saudi Arabia\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/232.pdf\" style=\"\">PMI (pdf)<\/a><\/strong><strong> rose to 51.5 in April<\/strong>, up from <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/04\/06\/non-oil-sector-braces-for-geopolitical-storm-as-pmi-dips-below-50\/\" style=\"\">March\u2019s<\/a> contraction of 48.8, supported by new business growing as local clients returned to the market after a jittery March; <\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/266.pdf\" style=\"\">Qatar also had<\/a><\/strong><strong> a better April<\/strong>, although its non-oil private sector remained in contraction territory at 46.4 \u2014 jumping from 38.7 in March, which was its lowest level in nearly six years; <\/li>\n<li><strong>Egypt sustained its fifth consecutive monthly<\/strong> <strong>drop <\/strong>to 46.6 in April, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/06\/non-oil-sector-hits-two-year-low-as-regional-volatility-stokes-costs\/\" style=\"\">down from 48.0 in March<\/a>. <\/li>\n<\/ul>\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\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116670\" 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=\"116670\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/adnoc-adq-nmdc-edge-more-join-localization-push\/\">\r\n                            Adnoc, ADQ, NMDC, Edge + more join localization 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\/05\/06\/adnoc-adq-nmdc-edge-more-join-localization-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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Big funding commitments also came on day two, with Ta\u2019ziz locking in USD 28.5 bn in agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE is aiming to bring local procurement prospects to AED 180 bn (USD 49 bn) over the next 10 years, <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/make-it-in-the-emirates-2026-kicks-off-in-abu-dhabi-with-strong-local-and-international-participation\/\" style=\"\">officials said<\/a> earlier at the event. The target sets the backdrop for a wave of long-term supply agreements across chemicals, defense, and manufacturing.<\/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\">Big ticket commitments for chemicals<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Against that push, Ta\u2019ziz \u2014 Adnoc and ADQ\u2019s chemicals JV in Ruwais \u2014 locked in <\/strong><strong>USD 28.5 bn <\/strong><strong>in long-term sales, feedstock, and offtake agreements<\/strong>, with terms spanning five to 25 years, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/taziz-announces-agreements-valued-at-285bln-at-make-it-in-the-emirates-to-expand-uaes-chemicals-ecosystem-qvqgivgy\" style=\"\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreements were made with both local and global firms as the UAE pushes to localize chemicals production<\/strong> and strengthen supply chain resilience here at home, with Ta\u2019ziz Industrial Chemicals Zone set to produce 4.7 mtpa once completed in 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the sales front:<\/strong> <\/p>\n<ul>\n<li>Methanol will be sold to <strong>Adnoc<\/strong> and Switzerland-based natgas producer <strong>Proman<\/strong>, while caustic soda will go to <strong>Emirates Global Aluminium<\/strong> and other international buyers;<\/li>\n<li>Ethylene dichloride and vinyl chloride monomer orders have been placed with <strong>Mitsubishi Corporation, Mitsui & Co.<\/strong>, and India\u2019s <strong>Sanmar Group<\/strong>, alongside polyvinyl chloride volumes with Tricon and Vinmar.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for offtake: <\/strong>Adnoc Gas will supply natural gas under a USD 5 bn+, 25-year <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/244.pdf\" style=\"\">agreement (pdf)<\/a> for Ta\u2019ziz\u2019s methanol plant ahead of its planned 2029 start-up. Meanwhile, Abu Dhabi salt producer <strong>Sama Salt<\/strong> will supply T\u2019aziz with salt for its PVC complex under a 20-year agreement.<\/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\"> Lofty targets for EPC<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based engineering, procurement, and construction firm NMDC Energy <\/strong><strong>plans to increase the share of local inputs in products to 60%<\/strong>, up from 25%, along with localizing more products like valves and artificial pumps, CEO Ahmed Al Dhaheri told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/151834\/2026\/05\/05\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%80-%22NMDC-Energy%22-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%A7%D9%84%D9%85%D9%83%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A-%D9%81%D9%8A-%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA%D9%86%D8%A7-%D9%8A%D8%A8%D8%AF%D8%A3-%D9%85%D9%86-25--%D8%AB%D9%85-%D8%B3%D9%8A%D8%AA%D8%B7%D9%88%D8%B1-%D9%84%D8%A7%D8%AD%D9%82%D8%A7%D9%8B-%D8%A5%D9%84%D9%89-60-\" style=\"\">watch, runtime: 4:22<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is banking on strong local demand to \u201creplenish\u201d its backlog \u2014 currently standing at AED 40 bn \u2014 this year<\/strong>, with Al Dhaheri citing Adnoc\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/05\/fdi-takes-a-step-back-as-focus-turns-towards-domestic-investments\/\" style=\"\">recent announcement<\/a> of AED 200 bn worth of project awards over the next three years. Some 76% of the firm\u2019s revenues come from the UAE market currently, though international expansion \u2014 including in markets like the GCC, Taiwan, and India \u2014 is still on the table, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It also expects project delivery to remain on track despite regional disruptions<\/strong>, which <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/earnings-in-from-nmdc-aldar-e-ncth-dib\/\" style=\"\">hit its 1Q net income<\/a>, leading to a 63% y-o-y decline. <\/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\">On the pharma front<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The push into pharma manufacturing is getting deeper: <\/strong>UAE-based pharma manufacturer LifePharma is moving up the value chain, launching an AED 100 mn gene therapy push via new biotech spin-off Equigene Therapeutics, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lifepharma-launches-aed-100mln-region-first-gene-therapy-initiative-targeting-rare-inherited-blood-disorders-mk9wy9v9\" style=\"\">press release<\/a>. The platform will target rare inherited blood disorders including hemophilia and sickle cell disease \u2014 areas where access to curative treatments remains limited in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>The group is aiming for a three- to five-year path to market, leaning on the UAE-India healthcare corridor and a scalable manufacturing model.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> LifePharma <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/05\/fdi-takes-a-step-back-as-focus-turns-towards-domestic-investments\/\" style=\"\">earlier this week<\/a> signed an MoU with Abu Dhabi Ports Group to build an AED 700 mn manufacturing platform in Kezad, targeting vaccines, oncology, and advanced injectables as it ramps up domestic pharma production.<\/p>\n\t<\/div><!-- .entry-content 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data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/280.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/280.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116673\" class=\"content-area-description single-story post-116673 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-eagle-hills tag-enterpriseam-uae tag-investment tag-investment-watch tag-real-estate tag-syria tag-tourism 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>Emirati players are once again<\/strong> <strong>doubling down on Syria<\/strong> as the country looks to attract investments for its reconstruction, the costs of which <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/04\/27\/the-reconstruction-gold-rush-is-mostly-stuck-at-the-starting-line\/\" style=\"\">could balloon to up to USD 216 bn<\/a>. Last year saw <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/ad-ports-group-to-acquire-a-20-stake-in-syrias-latakia-container-terminal\/\" style=\"\">AD Ports<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/16\/uae-eyes-investments-in-syria-starting-with-dp-world-following-lifting-of-sanctions\/\" style=\"\">DP World<\/a> pledge mns of USD in investments in the country after sanctions were lifted, with a focus on rebuilding its logistics and supply chain networks \u2014 now, the focus is on real estate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eagle <\/strong><strong>Hills is weighing the launch of two large-scale urban developments in Syria <\/strong>with a combined development value of over USD 50 bn, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/121097\/%D8%A5%D9%8A%D8%BA%D9%84-%D9%87%D9%8A%D9%84%D8%B2-%D8%AA%D8%AF%D8%B1%D8%B3-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D9%8A%D9%86-%D9%81%D9%8A-%D8%B3%D9%88%D8%B1%D9%8A%D8%A7-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-50-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\">Asharq Business<\/a> reports, citing a source familiar with the matter. Meanwhile, Investment Corporation of Dubai (Dubai\u2019s sovereign wealth fund) Managing Director Mohammed Ibrahim Al Shaibani met with Syrian President Ahmed Al Sharaa to discuss how Emirati capital could plug into reconstruction across real estate, tourism, and financial services, according to <a target=\"_blank\" href=\"https:\/\/sana.sy\/en\/syria\/2314417\/\" style=\"\">Syrian Arab News Agency<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plans are being discussed as part of a visit from a senior Emirati delegation to Damascus for a Syrian-Emirati business forum.<\/strong> Eagle Hills Founder and Chairman (as well as Emaar CEO) Mohamed Alabbar is part of the delegation, and is expected to walk counterparts through the concepts and the investment setup behind them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Proposal #1: <\/strong>The first development will likely be a 33 mn sqm master-planned development in Damascus\u2019 Dummar area, combining residential districts, hotels, and commercial space. Internal projections linked to the plan point to a sizable contribution to GDP and foreign currency inflows. The project could see up to 320 km of roads developed, along with 73k housing units and 3.2k hotel rooms. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The economic impact? <\/strong>That\u2019s estimated to be over USD 63 bn, with USD 20 bn in FDI inflows expected. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second proposal shifts to the coast<\/strong>, with a mixed-use development proposed in Latakia spanning roughly 15 mn sqm offering 29k residential units, 2.8k hotel rooms, and a road network ranging between 90-150 km in length. That project could draw USD 18 bn to the economy, along with USD 7.5 bn in FDI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Discussions are ongoing around regulatory frameworks for the projects, their financing, and execution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Caveats they might meet along the way? <\/strong>Financial infrastructure has emerged as a key barrier to reconstruction efforts across several countries in the region, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/04\/27\/the-reconstruction-gold-rush-is-mostly-stuck-at-the-starting-line\/\" style=\"\">EnterpriseAM Mena+<\/a> reported recently. Although banks\u2019 Swift codes are now functional again in Syria and transactions are technically operable, European banks, for example, remain \u201cvery restrictive and hesitant\u201d because of compliance criteria for dealing with Syrian banks, clients, companies, and government institutions. <\/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\/eagle-hills\/\">Eagle Hills<\/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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/syria\/\">Syria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tourism\/\">tourism<\/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=\"116675\" 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=\"116675\">\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\">DEFENSE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/\">\r\n                            The UAE\u2019s defense rethink is getting serious                        <\/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\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/\" 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\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/')\">\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\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/\">\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=UAE defense sector investment drive gains momentum with plans for new funding platform&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/\">\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\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/&title=UAE defense sector investment drive gains momentum with plans for new funding platform\">\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=UAE+defense+sector+investment+drive+gains+momentum+with+plans+for+new+funding+platform+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F06%2Fuae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform%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\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/278.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116676\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/278-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/278.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"278.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/278.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/278.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116675\" class=\"content-area-description single-story post-116675 post type-post status-publish format-standard has-post-thumbnail hentry category-defense tag-abu-dhabi tag-defense tag-edge-group tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Emirati players are shifting their focus (and funds) onto the defense sector<\/strong>, with officials eyeing a funding vehicle for the sector and a raft of agreements aimed at localizing defense systems and equipment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now<\/strong><strong>? <\/strong>Defense and local manufacturing are two themes du jour here in the Emirates at the moment. The war triggered a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/iranian-drone-attacks-show-gcc-needs-to-rethink-air-defense\/\" style=\"\">rethink of defense systems<\/a>, as incoming Iranian Shahed drones costing as little as USD 20k-100k apiece to manufacture were requiring USD 3-12 mn interceptors to take them down. Disruption to logistics through the Strait of Hormuz has also reinforced the need to use local manufacturing to reduce reliance on imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The result? <\/strong>UAE officials are now considering establishing a dedicated defense-focused investment platform, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-05\/abu-dhabi-considers-setting-up-new-fund-for-defense-deals?embedded-checkout=true\" style=\"\">Bloomberg<\/a> reports, citing people familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>The idea centers on building a structure that can take stakes in international defense manufacturers, including in the US, Europe, Ukraine, and Turkey, while also ramping up local production capacity. If established, the vehicle would sit outside the existing sovereign wealth framework. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Step back: <\/strong>The idea is still in the early stages and unconfirmed, but it all points to a more coordinated and efficient approach to defense-linked investments. It also fits into a similar consolidation drive that saw the UAE establish <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/16\/ihc-establishes-an-aed-100-bn-investment-powerhouse-as-abu-dhabi-centralizes-capital\/\" style=\"\">Judan<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/limad-takes-adq\/\" style=\"\">L\u2019imad Holding<\/a>, and consolidate <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/13\/ihc-shareholders-approve-multiply-ghitha-2pointzero-merger-appoint-leadership-for-post-merger-aed-120-bn-firm\/\" style=\"\">IHC\u2019s subsidiaries<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the ground<\/strong>, the UAE\u2019s defense and security authority Tawazun Council has been expanding its role in enabling domestic defense manufacturing. In a recent agreement with South Korea\u2019s LIG Nex1, Tawazun outlined plans to explore a UAE-based defense manufacturing hub under a locally incorporated structure, covering R&D, production, maintenance, and supply chain integration, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c025vmo-%60tawazun-korean-lig-da-sign-mou-establish-global\" style=\"\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also teaming up with US defense and aerospace firm Lockheed Martin to set up a <\/strong><strong>cybersecurity center of excellence<\/strong> in the UAE, alongside Abu Dhabi-based project management and cybersecurity firm Data7, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c025vji-tawazun-lockheed-martin-sign-agreement-establish\" style=\"\">Wam<\/a> reports. The platform will aim to localize advanced technologies and boost local talent, after government officials warned of <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/news\/international\/world-news\/cyberattacks-surge-across-uae-amid-iran-conflict-businesses-face-disruptions-and-rising-risks\/articleshow\/130616907.cms?from=mdr\" style=\"\">rising cases of cyberattacks<\/a> during the regional war.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: <\/strong><strong>State de<\/strong><strong>fense firm<\/strong><strong> Edge is expanding its localization push<\/strong> via an MoU with France-based electronic parts manufacturer Icape to localize printed circuit boards, electronic components, and turnkey subsystem solutions to use within Edge\u2019s local manufacturing operations, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/edge-and-icape-explore-joint-development-and-local-supply-of-critical-electronic-subsystems-cro2jpsr\" style=\"\">press release<\/a>. Its data protection arm is also planning to localize production of sovereign encryption systems, according to a separate <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-and-kerno-partner-local-production-critical-network-encryptors\" style=\"\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The UAE\u2019s recent push on defense saw it buy USD 147.6 mn worth of defense systems from the US, as part of a wider <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/04\/this-morning-uae-qatar-kuwait-and-israel-buy-usd-8-6-bn-of-us-defense-systems-adnoc-lines-up-aed-200-bn-for-local-contract-awards\/\" style=\"\">USD 8.6 bn military sales package<\/a> to countries in the region. Meanwhile, state defense firm <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/17\/more-progress-with-china-another-open-finance-milestone-for-adib-edge-explores-more-defense-cooperation-in-brazil-and-barings-opens-abu-dhabi-office\/\" style=\"\">Edge is continuing to deepen industrial cooperation<\/a> with partners in Spain and Latin America, while Abu Dhabi-based Remah signed an agreement with a US defense firm <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=\"\">last month<\/a> to explore introducing autonomous aviation capabilities in the Emirates. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/outlook-for-aviation-sector-uncertain-as-western-airlines-take-step-back-from-the-region\/#116604\" style=\"\">Just earlier this week<\/a>, Tawazun tapped Brazilian aerospace manufacturer Embraer for aircraft.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116677 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"116677\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/116677\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116677\" class=\"content-area-description single-story post-116677 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/web.facebook.com\/HassanAllamProperties\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/414.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116678\" 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=\"116678\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/\">\r\n                            Abu Dhabi\u2019s cryptographic tech goes global                        <\/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\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/\" 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\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/')\">\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\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/\">\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=TII sells cryptographic tech to Opaque&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/\">\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\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/&title=TII sells cryptographic tech to Opaque\">\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=TII+sells+cryptographic+tech+to+Opaque+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F06%2Ftii-sells-cryptographic-tech-to-opaque%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\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/832.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116679\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/tii-sells-cryptographic-tech-to-opaque\/832-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/832.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"832.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/832.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/832.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116678\" class=\"content-area-description single-story post-116678 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-abu-dhabi tag-enterpriseam-uae tag-tech tag-technology-innovation-institute 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 is upping the ante on local manufacturing and exports<\/strong> <strong>\u2014 and that <\/strong><strong>includes exporting technology.<\/strong> Abu Dhabi tech firms are exporting their tech to Asia and Europe, with the likes of Presight and G42 exporting AI capabilities, and now Abu Dhabi's Advanced Technology Research Council\u2019s research arm, Technology Innovation Institute (TII), selling cryptographic AI technologies to US firms. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cryptographic\u2026 what now? <\/strong>Think of it as AI that works in the dark. Standard AI requires data to be \u201cunscrambled\u201d before processing, leaving it vulnerable. TII\u2019s tech \u2014 specifically using Private Federated Learning and Fully Homomorphic Encryption (FHE) \u2014 allows models to be trained and run while the data remains encrypted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Confidential AI firm Opaque acquired the intellectual property for two cryptographic AI technologies developed by TII<\/strong> \u2014 one allowing Opaque to add confidential AI model training to its platform, and another that adds a layer of data protection, according to a <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/news\/opaque-acquires-abu-dhabi-developed-cryptographic-ai-technology-tii-extending-confidential-ai\" style=\"\">press release<\/a>. The agreement also included a licensing arrangement for TII\u2019s cryptographic libraries, including post-quantum algorithms to protect data, Dr. Victor Mateu, chief researcher at TII\u2019s Cryptography Research Center, tells EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is cryptographic tech important? <\/strong>\u201cMost enterprises sit on a corpus of data too sensitive to use and too valuable to ignore,\u201d said Opaque Co-founder Ion Stoica. \u201cWith this acquisition, Opaque is the only platform delivering hardware-attested cryptographic evidence across the full AI lifecycle \u2014 training, fine-tuning, inference, and agents \u2014 with protections engineered to withstand quantum-era threats. That combination doesn't exist anywhere else in the market today,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sale also sees TII acquiring a stake in the firm<\/strong>, Mateu confirmed, adding that Opaque currently operates in the UAE and the US, with the technologies set to be integrated into its portfolio to be offered to its clientele globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next for TII? <\/strong>The applied research arm is commercializing technology it develops across domains like quantum computing, propulsion science, and robotics, with the goal of broadening access, Mateu says. That could sometimes mean taking a certain technology to market itself through its venture builder arm, VentureOne, or adopting a licensing approach, he adds. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/technology-innovation-institute\/\">Technology Innovation Institute<\/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=\"116680\" 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=\"116680\">\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\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/\">\r\n                            Mubadala makes container play, e&amp; capital backs Magic Cube, Capital Group joins ADGM, progress on Dubai Loop                        <\/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\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/\" 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\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/')\">\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\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/\">\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=Mubadala makes container play, e&#038; capital backs Magic Cube, Capital Group joins ADGM, progress on Dubai Loop&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/\">\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\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/&title=Mubadala makes container play, e&#038; capital backs Magic Cube, Capital Group joins ADGM, progress on Dubai Loop\">\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=Mubadala+makes+container+play%2C+e%26%23038%3B+capital+backs+Magic+Cube%2C+Capital+Group+joins+ADGM%2C+progress+on+Dubai+Loop+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F06%2Fmubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop%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\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/276.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116681\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/276-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/276.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"276.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/276.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/276.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116680\" class=\"content-area-description single-story post-116680 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adgm tag-also-on-our-radar tag-dubai tag-e tag-enterpriseam-uae tag-fintech tag-investment tag-mubadala tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">Mubadala plays the container game<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala Investment Company is adding to its logistics wager<\/strong>, co-investing USD 300 mn alongside US investment firm Stonepeak to back Bermuda-based Textainer\u2019s acquisition of shipping container firm Seaco, according to a <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-partners-with-stonepeak-to-invest-in-container-leasing-platforms-supporting-global-trade\" style=\"\">statement<\/a>. The transaction that brings together two major container lessors into one of the world\u2019s largest platforms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s being built: <\/strong>The combined business will control a fleet of more than 8 mn containers and a global depot network serving key trade routes, particularly across Asia. The tie-up builds on Stonepeak\u2019s earlier acquisition of Textainer in 2024 and Seaco in 2025, consolidating scale in a sector built on long-term leases and high utilization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>Container leasing underpins global trade \u2014 with around 75% of goods moving by sea \u2014 offering steady, utilization-driven returns tied to shipping demand. The move adds to Mubadala\u2019s growing exposure to transport and logistics infrastructure, including its stake in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/16\/mubadala-co-laeds-usd-600-mn-investment-in-us-trailer-lessor\/\" style=\"\">trailer leasing platform<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/16\/mubadala-co-laeds-usd-600-mn-investment-in-us-trailer-lessor\/\" style=\"\">TEN<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/16\/mubadala-co-laeds-usd-600-mn-investment-in-us-trailer-lessor\/\" style=\"\"><\/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\">e& capital backs MagicCube in latest digital infrastructure play<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e&\u2019s venture capital arm, e& capital, has backed US payments security<\/strong><strong> firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.magiccube.co\/about\/\" style=\"\">MagicCube<\/a><\/strong><strong> as part of a USD 10 mn round<\/strong>, as it leans further into fintech and digital infrastructure plays, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/uaes-e-joins-magiccubes-10m-round-to-advance-sovereign-grade-post-quantum-security-for-ai-identity-and-payments-302755814.html\" style=\"\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment adds to a roster of investments from e& capital across fintech, AI, and digital assets<\/strong>, with prior investments including <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\" style=\"\">U<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/e-capital-backs-us-intelligent-transportation-system-provider\/\" style=\"\">S ITS provider Derq<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/nawy-secures-usd-52-mn-in-series-a-round\/\" style=\"\">Cairo-based proptech platform Nawy<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/02\/fuze-raises-usd-12-2-mn-to-power-mena-expansion\/\" style=\"\">blockchain infrastructure firm Fuze<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this one: <\/strong>MagicCube sits at the \u201cintersection of digital payments, identity, and AI security\u201d \u2014 an area e&\u2019s Eddy Farhat says is a \u201cfast-growing need.\u201d Its software-first platform secures data across devices without hardware, positioning it as a sovereign-grade trust layer for cloud and edge environments. Backers include Visa, Sony Innovation Fund, Bold Capital Partners, NTT Data, and Epic Ventures.<\/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\">Capital Group joins the ADGM crowd<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US asset manager Capital Group is setting up its first Middle East office in<\/strong><strong> ADGM<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/capital-group-announces-plans-to-open-first-office-in-the-middle-east\" style=\"\">statement<\/a>. The office \u2014 expected to open later this year subject to approvals \u2014 will house investment, operational, and client-facing functions, with Benno Klingenberg-Timm (<a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/benno-klingenberg-timm-cfa-caia-b7880252?originalSubdomain=sg\" style=\"\">LinkedIn<\/a>) relocating to head up the Abu Dhabi office. The asset manager has some USD 3.3 tn in assets under management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another vote of confidence: <\/strong>The move follows a string of global firms setting up shop in ADGM in the past couple of months, including <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/04\/rokos-comes-to-adgm-uae-gifting-platform-eyes-saudi-expansion\/\" style=\"\">Rokos Capital Management<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/16\/more-adgm-action-ihc-seals-pakistan-acquisition-another-dubai-international-chamber-office-in-asia-and-cbuae-rolls-out-e-kyc\/\" style=\"\">Bain Capital<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/03\/this-morning-global-pe-firm-pushes-ahead-with-adgm-expansion-igcse-a-level-exams-also-scrapped\/\" style=\"\">Hillhouse<\/a>, signaling sustained investor appetite for Abu Dhabi despite the regional backdrop. CEO Mike Gitlin said the expansion reflects \u201chigh conviction\u201d in the market, as the firm looks to get closer to regional partners and pursue further investments in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the only one: <\/strong>UK-based alternative investment firm Man Group is looking to set up in Abu Dhabi, taking steps to secure a category 3A license, <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgm-announces-man-groups-commitment-to-establish-presence-in-abu-dhabi\" style=\"\">ADGM<\/a> said. The largest publicly-listed hedge fund manager has USD 228.7 bn in assets under management, and will target distribution, trading, and investment through its eventual presence in the emirate, CEO Robyn Grew said. Grew also noted the UAE as among the countries looking to reduce its reliance on other providers as a buffer against future similar scenarios, in an interview with <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2026-05-04\/man-group-ceo-economic-pain-in-europe-worse-than-us-video\" style=\"\">Bloomberg<\/a>. For now, optimism is persisting, with certain markets like Europe, are feeling the pressure more than others, but this may depend on how long the war drags on, she said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Progress on Dubai Loop <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Partner tapped for Dubai Loop:<\/strong> Plans are progressing for the Dubai Loop project, with Elon Musk\u2019s The Boring Company tapping US-based engineering firm Parsons Corporation as program manager for the build, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/05\/04\/3286513\/0\/en\/parsons-awarded-contract-to-support-the-boring-company-s-innovative-dubai-loop-program.html\" style=\"\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/14\/this-morning-sharjah-eyes-rmb-denominated-loan-emirates-nbd-back-in-talks-with-indias-rbl-bank\/\" style=\"\">The 17-km network<\/a> will cover 11 stations and be serviced by Tesla vehicles. Previous reports had it slated to open as early as 2Q this year. Dubai\u2019s transport infrastructure is on somewhat of a roll currently, with the emirate <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/23\/dubai-metro-plans-another-aed-34-bn-line-connecting-historic-center-to-suburbs\/\" style=\"\">recently announcing<\/a> plans for an AED 34 bn underground metro line running from Dubai\u2019s historic center to Jumeirah Golf Estates. Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/20\/rta-awards-aed-20-5-bn-contract-for-blue-metro-line-development\/\" style=\"\">Blue Line extension<\/a> is <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/transport\/sheikh-mohammed-inaugurates-work-for-dubai-metro-blue-line-tunnels\" style=\"\">already in the works<\/a>, and due to come online in 2029.<\/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\/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\/dubai\/\">Dubai<\/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\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/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=\"116682\" 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=\"116682\">\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\/05\/06\/gulf-swfs-have-become-the-swing-vote-in-global-capital-flows\/\">\r\n                            The USD 3.2 tn tension                        <\/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\/05\/06\/gulf-swfs-have-become-the-swing-vote-in-global-capital-flows\/\" 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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GCC governments and SWFs have deployed some USD 3.2 tn in capital globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this new reality is particularly fragile now: <\/strong>\u201cThe Iran war, and what that is triggering now, I believe will be a big realignment of capital flows,\u201d O\u2019Hanley said. Regional escalations risk forcing Gulf firepower to turn inward to focus on domestic defense and reconstruction, thus costing US tech firms and AI hyperscalers their primary underwriter, according to the <a target=\"_blank\" href=\"https:\/\/www.cfr.org\/articles\/disappearing-gulf-capital-the-iran-war-risk-wall-street-isnt-watching\" style=\"\">Council on Foreign Relations<\/a> \u2019 Rebecca Patterson. Saudi Arabia's PIF already cut international <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2026\/04\/15\/saudi-arabias-pif-targets-80-domestic-allocation-cuts-overseas-share-to-20\/\" style=\"\">allocations to 20% down from 30%<\/a> in April, and there\u2019s no replacement pool. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The counter-narrative? Mubadala is bullish on the US. <\/strong>With 44% of its portfolio already stateside, Deputy Group CEO Waleed Al Muhairi calls it <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2026\/05\/04\/mubadala-waleed-al-muhairi-milken\/\" style=\"\">\u201cthe best risk-reward\u201d globally<\/a> and sees a \u201cV-shaped recovery\u201d ahead, with further upside in AI infrastructure, energy, and healthcare. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone at Mubadala agrees. <\/strong>CIO Oscar Fahlgren told the same audience the world is \u201cstanding just in front of the worst energy crisis we have seen in living memory\u201d and that markets haven\u2019t begun to price the Strait of Hormuz closure\u2019s effect on the real economy.<\/p>\n<p><strong>The global finance elite is hungry for a bumper year regardless. <\/strong>Apollo, Blackstone, and Morgan Stanley executives at Milken all flagged expanding M&A pipelines and a reopening IPO window for quality issuers, with Apollo President Jim Zelter pointing to \u201cthe ocean of private capital in aggregate.\u201d Private credit, in particular, seems to be back in favor, with Carlyle CEO Harvey Schwartz framing them as a healthier \u201cdistributor of risk.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The catch? <\/strong>All of this rests on a market PGIM\u2019s John Vibert called \u201cpriced to perfection\u201d \u2014 with much of the actual geopolitical risk \u201cnot yet priced in.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could the yield chase be going global? <\/strong>\u201cEmerging markets, a forgotten asset class for the last six, seven years, became now a considerable asset class for global portfolios,\u201d BTG Pactual Chairman Andre Esteves said, while MUFG\u2019s US macro strategy head George Goncalves flagged that global rates are finally offering \u201ccompetition for the US for the first time.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Korea\u2019s Kospi soared over 5% to hit fresh highs earlier this morning <\/strong>as markets jumped on hopes of easing regional tensions. Apart from the Kospi, Asia-Pacific markets are closed for public holidays. Wall Street is also set to open higher, with futures in the green. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,791<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,729<\/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: -5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,617<\/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: -5.6%)<\/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\">3.3% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,007<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">52,558<\/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: +25.7%)<\/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>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\">7,259<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,219<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.4% (YTD: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,870<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.8% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 109.87<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-4.0%<\/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 2.78<\/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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,560<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 81,177<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.4% (YTD: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.63<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.6% (YTD: -3.2%)<\/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\">151.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">17.38<\/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\">-5.0% (YTD: +16.3%)<\/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 DFM fell 0.9% yesterday<\/strong> on turnover of AED 755.7 mn. The index is down 5.3% 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>Islamic Arab Ins. Company (+15.0%), National Industries Group Holding (+10.1%), and Ekttitab Holding Company (+4.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Mashreqbank (-5.0%), Al Ramz Corporation Investment and Development (-5.0%), and BHM Capital Financial Services (-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 ADX<\/strong>, the index fell 0.3% on turnover of AED 1.2 bn. Meanwhile, Nasdaq Dubai was down 0.9%.<\/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=\"116684\" 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\/05\/06\/116684\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116684\" class=\"content-area-description single-story post-116684 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;\">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 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:400;\">29-30 September (Tuesday-Wednesday): AFCM Annual Conference, 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 (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aieverythingglobal.com\/home\" style=\"\">AI Everything Global<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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 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;\">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>16-18 November (Monday-Wednesday): World Police Summit, 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;\">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: Abu Dhabi\u2019s cryptographic tech goes global + Mubadala co-invests in container firm.<\/p>\n","protected":false},"featured_media":116664,"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-116663","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"72207644-6ddd-4574-9491-51b52b482de4","teaser":"Plus: Abu Dhabi\u2019s cryptographic tech goes global + Mubadala co-invests in container firm.","photo_url":"https:\/\/ent.news\/2025\/2\/1245.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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