{"id":116951,"date":"2026-05-12T00:00:00","date_gmt":"2026-05-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=116951"},"modified":"2026-05-12T02:59:21","modified_gmt":"2026-05-12T02:59:21","slug":"fb-sector-faces-massive-stress-test-amid-soaring-costs-and-dwindling-tourism","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/fb-sector-faces-massive-stress-test-amid-soaring-costs-and-dwindling-tourism\/","title":{"rendered":"F&#038;B sector faces massive stress test amid soaring costs and dwindling tourism"},"content":{"rendered":"<section id=\"116953\" 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=\"116953\">\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\/12\/this-morning-g42s-usd-1-bn-kenya-data-center-hits-another-speedbump-another-firm-adopts-ae-coin-payments\/\">\r\n                            THIS MORNING: G42\u2019s USD 1 bn Kenya data center hits another speedbump + another firm adopts AE Coin payments                        <\/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\/12\/this-morning-g42s-usd-1-bn-kenya-data-center-hits-another-speedbump-another-firm-adopts-ae-coin-payments\/\" 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 key takeaway: resident spending is proving resilient, meaning delivery, neighborhood caf\u00e9s and restaurants, and quick-service players are getting the most demand, while tourist-heavy fine dining and mid-market restaurants that don\u2019t yet have the scale or cost structure to support them are struggling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: We speak to the people behind the UAE \u2014 and the region\u2019s \u2014 first dedicated VC secondaries fund.<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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\/463.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 12pm UAE | 11am KSA | 11am Egypt.<\/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>WEATHER- <\/strong>Look for a high of 37\u00b0C in both Dubai and Abu Dhabi today, with lows between 25-27\u00b0C, according to our favorite weather app. <\/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>INFRASTRUCTURE \u2014<\/strong> <strong>AED 5<\/strong><strong>5 bn worth of public-private partnership<\/strong><strong> infrastructure projects are up for grabs in Abu Dhabi<\/strong> as part of a push from the Abu Dhabi Investment Office and Abu Dhabi Projects and Infrastructure Centre (Adpic), according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-investment-office-and-abu-dhabi-projects-and-infrastructure-centre-launch-aed55bn-public-private-partnership-pipeline\/\" style=\"\">Abu Dhabi Media Office<\/a>. Eleven of the projects are geared towards road and transport upgrades, while five will be going towards water and flood management systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes ahead of the Abu Dhabi Infrastructure Summit<\/strong>, which kicks off today. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/18\/this-morning-middle-east-ipo-pipeline-still-intact-amid-conflict-induced-jitters-gulf-visa-gets-the-greenlight\/\" style=\"\">Last year\u2019s edition<\/a> saw Adpic announce it was looking to ink AED 47 bn worth of infrastructure projects with private sector players, as Abu Dhabi looks to its larger target of <a target=\"_blank\" href=\"http:\/\/enterprise.news\/uae\/en\/news\/story\/3b8fad40-c40d-4634-9c08-3b0435cd1e89\/this-morning:-talabat-debuts-on-the-dfm-today-%2B-abu-dhabi-eyes-aed-450-bn-in-public-private-infrastructure-projects\" style=\"\">developing AED 450 bn worth<\/a> of infrastructure projects over 5-10 years.<\/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>TECH<\/strong><strong> \u2014<\/strong> <strong>G4<\/strong><strong>2\u2019s plan for a USD 1 bn geothermal data center in Kenya just hit<\/strong><strong> another speedbump<\/strong>, after the Kenyan government reportedly said it was unable to commit to the fixed payments the UAE\u2019s state AI firm and its project partner Microsoft were seeking, people familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-10\/microsoft-s-african-data-center-falters-on-payment-demands\" style=\"\">Bloomberg<\/a>. The two were reportedly asking for the Kenyan government to pay for a fixed amount of the center\u2019s final capacity, originally planned to have a capacity of up to 1 GW.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/23\/microsoft-and-g42-invest-usd-1-bn-in-kenya-geothermal-data-center\/\" style=\"\">Back in 2024<\/a>, Microsoft and G42 teamed up to build the data facility in Olkaria, a geothermal-rich area in Kenya operating on renewable energy. The original timeline set the data center to have an initial 100 MW of capacity up and running this year. Last year, Semafor <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/09\/23\/this-morning-signs-of-cracks-in-dubais-property-market-start-to-show-a-flurry-of-debt-activity-with-issuances-from-aldar-binghatti\/\" style=\"\">reported<\/a> that it has yet to break ground despite being scheduled to go live this month, as its developers struggled to find a business case for the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The current state of play: <\/strong>As it stands, the project could be scaled back, with Kenya\u2019s Information Minister John Tanui saying final details \u201cstill require[d] some structuring.\u201d The details about running the data center itself are also still being ironed out after Kenyan President William Ruto said Kenya would need to \u201cswitch off half the country\u201d to power the facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>G42 still has plenty of overseas ventures under its belt<\/strong>, including plans for a national-scale <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/23\/g42-doubles-down-on-india-with-massive-supercomputer\/\" style=\"\">supercomputer in India<\/a>, another one <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/19\/g42-to-help-develop-supercomputer-in-italy\/\" style=\"\">in Italy<\/a>, and an infrastructure data center <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/12\/appliedai-lands-usd-55-mn-series-a-funding-round-led-by-g42\/\" style=\"\">in France<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><a target=\"_blank\" id=\"id.5fs34oxptg5w\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>CRYPTO \u2014 Gov\u2019t fee settlement via crypto incoming: <\/strong>Singapore-based Crypto.com just carved out a first in the UAE\u2019s digital payments space, after its local entity, Foris Dax Middle East, secured a stored value facilities license from the Central Bank of the UAE, according to a <a target=\"_blank\" href=\"https:\/\/crypto.com\/en-nl\/company-news\/cryptocom-receives-uae-stored-value-facilities-license-to-enable-virtual-asset-payments-for-government-services\" style=\"\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>With the license, UAE residents will soon be able to settle government fees using stablecoin payments, after Crypto.com partnered with Dubai\u2019s Finance Department on the plan <a target=\"_blank\" href=\"http:\/\/enterprise.news\/uae\/en\/news\/story\/c163438b-290f-4c7d-8d02-d952225e5ce0\/this-morning:-trump-lands-in-saudi-arabia-today-%2B-us-approves-potential-usd-1.3-bn-arms-sale-to-the-uae\" style=\"\">last year<\/a>. Transactions can be settled in AED or in CBUAE-approved, AED-backed stablecoins, and the firm is looking to expand the plan to allow customers to pay for Emirates Airlines and Dubai DutyFree fees as well, subject to additional approval.<\/p>\n<p><a target=\"_blank\" id=\"id.p7bgbf8sb1a0\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Stablecoins <\/strong><strong>are edging deeper into the UAE\u2019s day-to-day business economy. <\/strong>AE Coin\u2019s AED-backed stablecoin is now being accepted by accounting firm Nephos Group, making Nephos the first professional services player in the region to take stablecoin payments, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D8%A5%D9%85%D9%83%D8%A7%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D8%AF%D9%81%D8%B9-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AE%D8%AF%D8%A7%D9%85-%D8%A2%D9%8A-%D8%A5%D9%8A-%D9%83%D9%88%D9%8A%D9%86-%D8%AA%D9%85%D8%AA%D8%AF-%D8%A5%D9%84%D9%89-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%87%D9%86%D9%8A%D8%A9-%D9%85%D8%B9-%D8%A7%D8%B9%D8%AA%D9%85%D8%A7%D8%AF-%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D9%86%D9%8A%D9%81%D9%88%D8%B3-%D9%84%D8%A3%D9%88%D9%84-%D9%85%D8%AF%D9%81%D9%88%D8%B9%D8%A7%D8%AA-%D8%B9%D8%A8%D8%B1-%D8%B9%D9%85%D9%84%D8%A9-uys3r1ly\" 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><strong>- <\/strong>AE Coin became the first AED-pegged stablecoin to secure a green light from the CBUAE <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/11\/ae-coin-receives-the-final-green-light-for-launch-from-cbuae\/\" style=\"\">back in 2024<\/a>. Since then, the stablecoin has steadily been inching towards mainstream adoption, with the likes of <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/07\/this-morning-ae-coin-to-be-integrated-into-network-internationals-pos-and-e-commerce-payment-infrastructure-non-oil-private-sector-ended-2025-firmly-in-growth-territory\/\" style=\"\">Network International<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/05\/investcorp-acquires-us-industrial-property-portfolio-nrtc-takes-over-ripe-organic\/\" style=\"\">7X<\/a>, <a target=\"_blank\" href=\"http:\/\/enterprise.news\/uae\/en\/news\/story\/75388f2a-4a80-4028-970c-497c9e666391\/this-morning:-sharjah-islamic-bank-sounds-out-investors-for-at1-sukuk-sale-%2B-pay-for-your-flights-with-stablecoin%3F\" style=\"\">Air Arabia<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/22\/this-morning-more-ae-coin-payments-as-crypto-goes-mainstream-abu-dhabi-airports-sees-13-y-o-y-increase-in-passengers-in-1h\/\" style=\"\">Abu Dhabi Judicial Department<\/a> integrating the digital asset onto their payment rails. Meanwhile, local players like IHC, ADQ, and First Abu Dhabi Bank are planning <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/29\/abu-dhabi-powerhouses-plan-aed-backed-stablecoin\/\" style=\"\">on jointly launching<\/a> a new AED-backed stablecoin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Happening this week<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Modi is coming t<\/strong><strong>o town: <\/strong>The UAE will be the first stop on Indian Prime Minister Narendra Modi\u2019s five-nation tour starting Friday, according to a <a target=\"_blank\" href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/41126\/Visit_of_Prime_Minister_to_UAE_Netherlands_Sweden_Norway_and_Italy_May_15__20_2026\" style=\"\">statement<\/a>. Modi is scheduled to meet President Mohamed bin Zayed Al Nahyan to discuss energy cooperation and a comprehensive strategic partnership, among other topics.<\/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>News outlets are following the ups-and-downs of the regional conflict<\/strong>, the latest of which is President Donald Trump\u2019s <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-11\/us-iran-tensions-flare-as-trump-declares-ceasefire-is-weakened?srnd=homepage-middle-east\" style=\"\">characterization<\/a> of the ceasefire as \u201con massive life support.\u201d Trump called Tehran\u2019s counterproposal to end the monthslong war as \u201cunacceptable,\u201d with the major sticking point being Iran\u2019s stockpile of enriched uranium.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Washington has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/us-loan-533-million-barrels-oil-strategic-petroleum-reserve-2026-05-11\/\" style=\"\">released 53.3 mn barrels<\/a><\/strong><strong> of crude from its reserves <\/strong>to steady oil markets in light of the Iran war, loaning out the supply to nine companies, including ExxonMobil, Trafigura, and Marathon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One step closer to Warsh\u2019s Fed: <\/strong>Trump\u2019s pick for Fed chair, Kevin Warsh, is <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/fed-chair-nominee-warsh-clears-hurdle-path-senate-confirmation-2026-05-11\/\" style=\"\">one step closer<\/a> to securing the position, following yesterday\u2019s so-called cloture vote by the Senate. Outgoing chief Jerome \u200cPowell\u2019s term ends on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, in the entertainment business: <\/strong>Sony Music Group acquired the rights to more than 45k songs from alternative asset manager Blackstone under an almost <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0640f6f8-f7d0-405c-9372-a6dbfe44523c?syn-25a6b1a6=1\" style=\"\">USD 4 bn agreement<\/a>. The catalogue includes iconic tracks by Journey, Leonard Cohen, and others.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Circle your calendar<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/economymiddleeast.com\/summit-2026\/\" style=\"\">Economy<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/economymiddleeast.com\/summit-2026\/\" style=\"\">Middle East Summit<\/a><\/strong><strong> will take place on Thursday, 21 May at the <\/strong><strong>Rosewood Abu Dhabi<\/strong> in partnership with ADGM, bringing together ministers, policymakers, investors, and business leaders for a fresh round of conversations around the UAE\u2019s economic outlook and growth priorities. This year\u2019s theme is The Economy of Tomorrow: The UAE Emerges Stronger. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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has-post-thumbnail hentry category-the-big-story-today tag-enterpriseam-uae tag-food tag-food-and-beverage tag-hospitality tag-the-big-story-today 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>The UAE\u2019s restaurant sector is being pulled in two directions as regional <\/strong><strong>disruption reshapes consumption (and cost structures) across the country. <\/strong>Dining rooms are quieter, tourists are disappearing, and restaurants are scrambling to absorb rising logistics costs alongside wildly unpredictable demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch sees prolonged pressure ahead: <\/strong>Fitch Ratings\u2019 <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/552.pdf\" style=\"\">downside scenario (pdf)<\/a> \u2014 which assumes a three-month Strait of Hormuz closure followed by gradual reopening and USD 100 oil through 2026 \u2014 warns that GCC restaurants and hotels are among the sectors facing a material threat from prolonged disruption, citing simultaneous pressure from weaker demand, supply-chain disruption, and delayed recovery dynamics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fine dining concepts that rely heavily on tourists who spend big \u2014 as opposed to residents \u2014 are the hardest hit. <\/strong>That\u2019s because the broader hospitality sector is facing \u201csevere stress\u201d throughout 2026, Fitch Ratings Director Elena Stock explains. \u201cIt\u2019s an Armageddon scenario for hospitality overall,\u201d Stock says. \u201cIt\u2019s almost akin to a pandemic stop of tourism flows for 2026,\u201d Stock says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hotels are closing down for months for maintenance<\/strong> (most likely to cut costs as occupancy slumps to a fraction of pre-war levels \u2014 they fell from 90% averages to roughly <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dubai-is-offering-financial-stimulus-for-tourism-art-and-more\/\" style=\"\">16% in March<\/a>) or closing up shop altogether. Restaurants at functioning hotels are also suspending operations, including at landmark Dubai hotel <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/lifestyle\/atlantis-dubai-pauses-seven-restaurants\" style=\"\">Atlantis<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook is bleak:<\/strong> Total UAE consumption could decline roughly 12% this year compared with prior expectations \u2014 but <strong>around 70% of that decline is expected to come from tourists<\/strong> <strong>rather than residents<\/strong>, analysts at Redseer Strategy Consultants said at a recent webinar attended by EnterpriseAM. Tourism flows are expected to remain 35-40% lower than 2025 levels, with a full recovery potentially taking until 2029, the analysts noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The events side of the industry has also been hit particularly hard. <\/strong>\u201cThe events business is completely destroyed,\u201d Boca founder Omar Shihab tells EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mid-market casual dining spots are also particularly exposed<\/strong>, given they lack both the pricing power of luxury venues and the scale advantages of value or quick-service chains, Stock argues. \u201cThe mid-market has always been squeezed,\u201d she says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Less hard hit are delivery platforms, quick-service chains, and neighborhood concepts, which are proving materially more resilient <\/strong>due to the resilience of demand from residents, accelerating the UAE\u2019s evolution into an even more home-centered consumption economy, analysts say.<\/p>\n<p class=\"tag-border-left\">It\u2019s already showing up in the data <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The dine-in side of the market is already showing signs of strain.<\/strong> Dine-in order volumes across restaurant management platform Syrve\u2019s UAE network declined nearly 8% to 4.57 mn orders in 1Q 2026, while the number of active dine-in venues fell to 577 from 621 restaurants, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/565.pdf\" style=\"\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total dine-in revenue dropped to AED 574 mn from AED 614 mn during the quarter. <\/strong>Still, average spend per dine-in order remained broadly resilient, rising modestly to AED 125.5 from AED 124. This points not to a collapse in local consumer spending, but to the fact that fewer venues are processing fewer transactions as weaker tourism and changing dining behavior weigh on restaurant traffic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By contrast, delivery orders across Syrve\u2019s UAE network rose 18% y-o-y<\/strong> in 1Q 2026 to 1.9 mn orders, even as the number of active restaurants offering delivery fell to 332 from 342 venues. Delivery now accounts for 29% of all restaurant orders processed through Syrve\u2019s UAE network, up from 25% a year earlier. Total delivery revenue processed through Syrve\u2019s network rose 15% y-o-y to AED 150.7 mn during the quarter, while at the venue level, average quarterly revenue per delivery restaurant rose 18% to AED 454k. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Again, consumers don\u2019t appear to be spending dramatically more per order. <\/strong>Average delivery order value was effectively flat, slipping marginally to AED 79.37 from AED 79.55, suggesting the growth is being driven almost entirely by higher order frequency rather than bigger baskets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For restaurants, that distinction matters enormously: <\/strong>\u201cThis is a revenue crisis, not a resident confidence crisis,\u201d analysts at Redseer Consultants said during the webinar, explaining that most of the expected slowdown in consumer spending is being driven by disappearing tourist demand rather than collapsing resident spending.<\/p>\n<p class=\"tag-border-left\">Still, even residents\u2019 consumption habits are changing <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Consumers are increasingly gravitating toward simpler, lower-commitment spending occasions<\/strong>, such as quick coffees close to home, comfort food, casual dining, or delivery ordered into the house. That\u2019s because \u201cno one wants big commitments,\u201d Shihab tells us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stock also expects consumers to increasingly trade down as costs rise<\/strong>, which would hit the mid-market and high-end concepts harder, while potentially benefiting value-oriented and quick-service players. She argues that lower-cost segments are better positioned to weather the current environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That shift is making restaurant traffic far more unpredictable. <\/strong>Execs say headline footfall figures can be misleading, with occasional busy weekends masking a much weaker operating environment underneath. \u201cYou have one or two days maximum of the business almost reaching capacity,\u201d Shihab says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s also likely not helped by the fact that many offices are still working remotely.<\/strong> DIFC was evacuated again last week when alerts were sent out that the Defense Ministry is engaging missiles and drones, and some companies \u2014 specifically those named earlier on Iran\u2019s \u201ctarget list\u201d \u2014 never even returned, we\u2019re told. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Restaurants are now navigating highly volatile demand patterns<\/strong>, with busy weekends followed by weak weekdays, shorter dining occasions, and inconsistent reservation flows. \u201cScheduling because of uncertainty is huge,\u201d Shihab says, adding that \u201cplanning is out of the window [...] especially when it comes to money [and] scheduling staff.\u201d<\/p>\n<p class=\"tag-border-left\">The real squeeze is costs<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe factor that contributes the most stress would be logistic costs,\u201d <\/strong>Stock tells us. Restaurants across the UAE remain heavily reliant on imported ingredients and internationally integrated supply chains, leaving them directly exposed to higher freight, fuel, and shipping costs. Stock estimates that between 20-50% of cost increases across the sector could ultimately be attributable to logistics and fuel-related disruptions alone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unlike retailers, restaurants don\u2019t always have the flexibility to easily swap suppliers or ingredients overnight. <\/strong>\u201cRestaurants cannot change ingredients on a daily basis. They cannot change suppliers on a daily basis,\u201d Shihab says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Restaurants say suppliers are already passing on higher prices almost immediately. <\/strong>\u201cI\u2019ve heard stories of restaurants receiving items [...] with the prices already increased,\u201d Shihab says. One supplier we spoke to recently \u2014 premium butchery CarniStore \u2014 <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/10\/how-one-fb-business-is-keeping-shelves-stocked-and-absorbing-costs-during-crisis\/\" style=\"\">said they\u2019ve been trying to absorb costs<\/a>, but that realistically speaking, pricing will likely remain elevated for months even after disruptions end as supply normalizes. <\/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\">Survival mode<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The result is a sector increasingly focused on operational survival. <\/strong>Restaurants are redesigning menus, simplifying dishes, tightening staffing schedules, reducing operating hours, negotiating harder with suppliers, and leaning heavily into value-oriented offers, <a target=\"_blank\" href=\"https:\/\/t.co\/bv7PnjPZg4\" style=\"\">Reuters<\/a> recently reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cPeople want simplicity right now,\u201d <\/strong>Shihab says, noting restaurants are introducing lighter menus, simpler dishes, combination offers, and more flexible reservation structures. \u201cEveryone\u2019s really trying to squeeze all of the ideas,\u201d he says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Restaurants are also becoming more aggressive around waste reduction and inventory controls.<\/strong> Syrve MENA CEO Alex Ponomarev says the current environment is forcing restaurants to become \u201cmore accurate and more careful with their spending.\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\">If more people are ordering in than eating out, could more restaurants pivot?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not that simple. <\/strong>\u201cIn the Emirates specifically, it\u2019s very difficult to grow delivery services intensively,\u201d Ponomarev says, noting how saturated the market has become. \u201cYou [can] no longer simply just offer your menu on delivery,\u201d Shihab says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Late entrants face high marketing costs, expensive customer acquisition, and fierce competition from established brands. <\/strong>\u201cIf you haven\u2019t been doing your homework over the last few years, it\u2019s going to take a lot more,\u201d Shihab says.<\/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\">Who might come out of this stronger? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Quick-service restaurants, in particular, appear more adaptable <\/strong>because of their menu flexibility, operational nimbleness, and ability to pivot faster than fine-dining concepts, Stock says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Delivery and quick commerce may also emerge as some of the biggest long-term winners from the disruption.<\/strong> Redseer argues the current environment is accelerating the UAE\u2019s broader shift toward convenience-led, home-centered consumption. \u201cThis conflict is doing for quick retail what Covid did for online retail,\u201d the consultancy says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Redseer expects quick commerce to grow more than 40% faster than previous expectations this year<\/strong>, driven by consumers increasingly prioritizing convenience, proximity, and rapid fulfillment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The current environment may also accelerate consolidation across both the restaurant and delivery ecosystem. <\/strong>\u201cFewer venues [are] processing significantly more orders, generating higher revenue per site, and managing a larger share of the supply chain,\u201d Ponomarev says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s supported by the fact that the sector already had plenty of supply \u2014 with some arguing it was too much.<\/strong> \u201cThere is a lot more supply than demand [in the F&B sector],\u201d Shihab says, warning the imbalance may become one of the defining themes of the UAE\u2019s next restaurant cycle. The UAE remains one of the world\u2019s most competitive restaurant markets, with the market historically facing exceptionally high closure rates even during periods of strong economic growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis has always been challenging,\u201d<\/strong> he says. The difference now, he argues, is that the entire market is being stress-tested at once. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Larger chains possess structural advantages in moments like these: <\/strong>Procurement leverage, operational efficiencies, stronger delivery infrastructure, centralized cost controls, and better access to capital. \u201cScale is always\u201d an advantage, Stock says. \u201cThe stronger brands, they will become even more stronger,\u201d Ponomarev adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chains are also better positioned to protect margins by negotiating procurement terms<\/strong>, optimizing labor costs, and absorbing short-term pressure. Smaller players, meanwhile, are being forced to adapt in real time.<\/p>\n\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\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"116958\" 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=\"116958\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/shuaa-key-capital-launch-the-regions-first-venture-capital-secondaries-fund\/\">\r\n                            A liquidity release valve for MENA investors?                        <\/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\/12\/shuaa-key-capital-launch-the-regions-first-venture-capital-secondaries-fund\/\" 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 fund has already closed two transactions and is structured as an ADGM limited partnership. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund will be targeting shares of individuals like angel investors, founders, and employees<\/strong> \u2014 anyone who\u2019s on the cap table, but not LP positions as of now, Key Capital Managing Partner Basil Moftah tells EnterpriseAM UAE. \u201cWe think they have the biggest need, [because] it impacts their life directly,\u201d he explains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Secondaries are not completely new to the region \u2014 but this is the first ever dedicated fund for the asset class in the region. <\/strong>\u201cSecondaries have been part of previous funding rounds, and they usually only happen during a round,\u201d Moftah explains. \u201cOur advantage is that we give liquidity to those shareholders at any time during any part of the cycle.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Secondary sales and immediate liquidity, of course, tend to come with a haircut.<\/strong> \u201cGenerally speaking in the region, [reductions] are anywhere between 20% and 40% for immediate liquidity based on current valuations,\u201d Moftah tells us. It\u2019s natural, considering \u201cyou\u2019re holding an illiquid asset that you need to sell now.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now? <\/strong>\u201cWith everything happening around the world, liquidity is an ever-growing need\u2026 it\u2019s always been a necessary tool for people to manage their portfolios, but now with everything happening globally, especially companies taking longer to go public and investors holding onto companies for longer, we see an even bigger [window] in the region,\u201d he adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand for this type of asset class is growing by the day<\/strong>, Moftah tells us. \u201c[It] has grown by anywhere between 20% and 25% in the last month,\u201d he estimates. <\/p>\n<p class=\"tag-border-left\">Our take<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The region\u2019s VC ecosystem is beginning to mature, but most exits still take too long to execute<\/strong>, and with IPO windows remaining tight this year against the backdrop of regional tensions and market volatility, this likely won\u2019t be letting up anytime soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That makes this type of fund a great option for early investors and employees who are holding valuable equity with no way to spend it. <\/strong>Whether it\u2019s due to an immediate need for liquidity or to allow early backers to recycle capital back into the ecosystem today rather than waiting years for an uncertain exit, this type of fund provides optionality for investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The data backs it up:<\/strong> Key Capital estimates the regional secondaries market is already worth over USD 1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">What\u2019s next? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what:<\/strong> Under the agreement, Shuaa will be providing the institutional advisory and capital markets muscle, while Key Capital manages the sourcing and investment strategy. Moftah declined to comment on the sectors or types of investments the fund will be targeting, clarifying that the nature of VC secondaries should be confidential. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The fund is currently approaching its first close, for which Moftah declined to disclose a timeline.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/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=\"116960 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=\"116960\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/116960\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116960\" class=\"content-area-description single-story post-116960 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\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=\"116961\" 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=\"116961\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/adnoc-agility-report-positive-1qs\/\">\r\n                            Adnoc Drilling + Agility report positive 1Qs                        <\/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\/12\/adnoc-agility-report-positive-1qs\/\" 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\/12\/adnoc-agility-report-positive-1qs\/')\">\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\/12\/adnoc-agility-report-positive-1qs\/\">\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=Adnoc + Agility report positive 1Qs&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/adnoc-agility-report-positive-1qs\/\">\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\/12\/adnoc-agility-report-positive-1qs\/&title=Adnoc + Agility report positive 1Qs\">\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=Adnoc+%2B+Agility+report+positive+1Qs+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F12%2Fadnoc-agility-report-positive-1qs%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\/12\/adnoc-agility-report-positive-1qs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/117014.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117014\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/adnoc-agility-report-positive-1qs\/visitorsattheadnocboothatadipec-abudhabi\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/117014.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"Visitors,At,The,Adnoc,Booth,At,Adipec,-,Abu,Dhabi\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Visitors at the ADNOC booth at ADIPEC - Abu Dhabi International Petroleum Exhibition and Conference at ADNEC in Abu Dhabi, UAE - Nov 4, 2024&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/117014.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/117014.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116961\" class=\"content-area-description single-story post-116961 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc-drilling tag-agility-global tag-earnings-watch tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">Adnoc Drilling\u2019s OFS push powers record 1Q<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Adnoc Drilling posted its strongest-ever 1Q results<\/strong>, with revenue rising 5% y-o-y to USD 1.2 bn and net income up 2% to USD 347 mn, according to its <a href=\"https:\/\/ent.news\/2026\/5\/529.pdf\" target=\"_blank\" rel=\"noopener\">management discussion and analysis report (pdf)<\/a>. Growth was driven by higher activity across oilfield services (OFS) and offshore drilling, though ongoing repurposing of certain onshore rigs partially offset results. Management also pointed to lower financing costs following <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/17\/adnoc-drilling-raises-usd-2-bn-from-loan-credit-facility\/\" target=\"_blank\" rel=\"noopener\">last year\u2019s refinancing exercise<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The company is planning on investing some <\/strong><strong>USD 1 bn dom<\/strong><strong>estically and abroad this year<\/strong>, CFO Youssef Salem told CNBC (<a href=\"https:\/\/www.cnbcarabia.com\/152055\/2026\/11\/05\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A3%D8%AF%D9%86%D9%88%D9%83-%D9%84%D9%84%D8%AD%D9%81%D8%B1-%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:\" target=\"_blank\" rel=\"noopener\">watch, runtime: 6:54<\/a>). Between USD 600-800 mn will go toward drilling rigs and OFS equipment, with Salem also adding Adnoc Drilling\u2019s strong balance sheet as giving it flexibility to push ahead with investments and takeovers at the same time. It\u2019s targeting taking over three wells this year, and three next year in the UAE.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The push comes as the company targets a longer-term shift beyond its traditional <\/strong><strong>drilling<\/strong><strong> model<\/strong>, with management recently outlining plans for a <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/07\/this-morning-another-adnoc-vessel-passes-through-hormuz-adnoc-wants-to-hit-the-gas-on-unconventional-gas-project\/\" target=\"_blank\" rel=\"noopener\">50-50 revenue split<\/a> between drilling and manufacturing and oilfield services over the next five years.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Looking ahead: <\/strong>Adnoc Drilling reaffirmed its <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/earnings-updates-keep-coming\/\" target=\"_blank\" rel=\"noopener\">c.USD 5 bn FY 2026 revenue guidance<\/a> despite the regional backdrop, saying there has been \u201cno material impact\u201d on core drilling operations. The company still expects two new island rigs to come online in 2H 2026 and is targeting around 70 IDS rigs by year-end. The board recommended a 1Q 2026 dividend of USD 262.5 mn, payable in June, as part of its progressive dividend policy targeting at least 5% annual increases through 2030.<\/p>\n<p class=\"tag-border-left\">Agility Global posts stronger 1Q revenue<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Menzies and <\/strong><strong>Logistics Parks<\/strong><strong> keep Agility in growth mode:<\/strong> Abu Dhabi-listed Agility Global saw its revenues surge 23% y-o-y to USD 1.4 bn in 1Q 2026 \u2014 driven by strong performance at its aviation services arm Menzies, higher fuel logistics activity at Tristar, and an expanding portfolio of income-generating assets across Agility Logistics Parks, according to its <a href=\"https:\/\/agility.com\/news\/agility-global-plc-reports-resilient-q1-2026-performance\/\" target=\"_blank\" rel=\"noopener\">financial release<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-drilling\/\">Adnoc Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agility-global\/\">Agility Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116962\" 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=\"116962\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/emaar-binghatti-salik-spinneys-orient-ins-also-post-1q-results\/\">\r\n                            Emaar, Binghatti, Salik, Spinneys, Orient Ins. also post 1Q results                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/emaar-binghatti-salik-spinneys-orient-ins-also-post-1q-results\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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UAE Dirhams pattern. 1000 dirhams&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/117016.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/117016.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116962\" class=\"content-area-description single-story post-116962 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-binghatti tag-earnings-watch tag-emaar tag-enterpriseam-uae tag-salik wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">Emaar earnings keep building on backlog growth<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Emaar Properties kicked off 2026 with another strong quarter as Dubai\u2019s <\/strong><strong>real <\/strong><strong>estate momentum continued feeding through to earnings. <\/strong>The developer reported net income after tax of AED 6.4 bn in 1Q, up 38% y-o-y, according to its <a href=\"https:\/\/ent.news\/2026\/5\/537.pdf\" target=\"_blank\" rel=\"noopener\">financials (pdf)<\/a> and <a href=\"https:\/\/ent.news\/2026\/5\/539.pdf\" target=\"_blank\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenue rose 23% to AED 12.4 bn, supported by sustained demand across its UAE development business, malls portfolio, and recurring revenue assets.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Backlog keeps building: <\/strong>Emaar recorded AED 22.4 bn in property sales during the quarter, up 16% y-o-y, while revenue backlog climbed 29% to a record AED 163.4 bn, supporting future earnings visibility. Emaar Development \u2014 the group\u2019s build-to-sell arm \u2014 separately <a href=\"https:\/\/ent.news\/2026\/5\/584.pdf\" target=\"_blank\" rel=\"noopener\">reported (pdf)<\/a> a 49% jump in net income to AED 3.5 bn as sales rose 22% to AED 20.1 bn.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER- In real estate, sales \u2260 revenues. <\/strong>Sales are recorded at contract signing, but revenue is only recognized as units are delivered or reach key construction milestones, meaning current revenues largely reflect past sales.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Recurring revenues continued to underpin resilience. <\/strong>Revenue from malls, hospitality, leisure, entertainment, and commercial leasing assets rose 7% y-o-y to AED 2.8 bn, contributing around 30% of total EBITDA. Emaar\u2019s malls portfolio maintained 98% occupancy, while hospitality activity held broadly stable despite <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dubai-is-offering-financial-stimulus-for-tourism-art-and-more\/\" target=\"_blank\" rel=\"noopener\">softer March tourism flows<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The launch pipeline is still expanding: <\/strong>Emaar launched 10 new projects during the quarter as it continues leaning into wellness-led and master-planned communities. Management said the company remains focused on \u201cdisciplined execution\u201d and converting its growing backlog into profitable long-term growth.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ICYMI- <\/strong>Emaar CEO Mohamed Alabbar <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/05\/this-morning-a-fire-at-fujairah-relief-is-coming-to-the-uaes-delivery-sector\/\" target=\"_blank\" rel=\"noopener\">recently said<\/a> the developer would not cut prices \u201cby a single USD\u201d despite some UAE developers reportedly lowering down payments and waiving fees to support demand amid regional tensions.<\/p>\n<p class=\"tag-border-left\">Binghatti posts 10th straight record quarter<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Binghatti <\/strong><strong>kept its record streak in 1Q 2026<\/strong>, reporting its 10th consecutive record quarter as net income climbed 73% y-o-y to AED 1.4 bn, according to its <a href=\"https:\/\/ent.news\/2026\/5\/554.pdf\" target=\"_blank\" rel=\"noopener\">financials (pdf)<\/a> and a separate <a href=\"https:\/\/ent.news\/2026\/5\/553.pdf\" target=\"_blank\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues rose 52% to AED 4.4 bn on the back of strong sales execution and sustained demand across its project portfolio.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Sales momentum stayed strong this quarter<\/strong>, with the developer selling more than 4k units worth AED 5.8 bn, and its development backlog reaching AED 52 bn at the end of the quarter.<\/p>\n<p class=\"tag-border-left\">Salik traffic softens as ancillary revenues surge<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Dubai toll gate operator Salik saw 1Q 2026 traffic volumes<\/strong><strong> soften amid <\/strong><strong>weaker <\/strong><strong>March mobility trends tied to regional disruption.<\/strong> Net income was broadly stable, dipping just 0.4% y-o-y to AED 369.3 mn, according to its <a href=\"https:\/\/ent.news\/2026\/5\/528.pdf\" target=\"_blank\" rel=\"noopener\">earnings release (pdf)<\/a>, while revenue slipped 3.0% y-o-y to AED 728.9 mn as total trips fell 6.4% to 197.2 mn. Softer traffic weighed on toll usage fees, though the impact was partly offset by Dubai\u2019s variable pricing system and growth in tag activation fees and ancillary revenues.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>On the bright side: <\/strong>Ancillary revenues surged 147% y-o-y to AED 8 mn, supported by parking payment partnerships with Emaar Malls, Parkonic, Dubai Airports, and Liva. CEO Ibrahim Al Haddad said the business remains \u201cwell positioned\u201d and expects activity to gradually normalize as conditions stabilize.<\/p>\n<p class=\"tag-border-left\">Spinneys\u2019 earnings held their ground in 1Q on higher online penetration + sales growth<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Spinneys <\/strong><strong>reported a 1.9% y-o-y bottom line increase to AED 87 mn in 1Q<\/strong><strong> 2026<\/strong>, according to <a href=\"https:\/\/ent.news\/2026\/5\/569.pdf\" target=\"_blank\" rel=\"noopener\">its earnings release (pdf)<\/a>. Revenue rose 11.9% y-o-y to AED 1.01 bn, while adjusted EBITDA increased 1.2% to AED 184 mn. Income before tax remained broadly stable at AED 101 mn.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Performance was driven by like-for-like sales growth, new store openings, higher online penetration, and stronger fresh and private label sales.<\/strong> Transaction volumes rose 8.5% y-o-y to 10.8 mn, while average basket size increased 3.4% to AED 92.9.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Gross <\/strong><strong>income <\/strong><strong>rose 8.4% y-o-y to AED 406 mn<\/strong>, although gross margin declined to 40.1% from 41.3% a year earlier. The company said January and February recorded strong trading activity, while sales slowed in March amid regional conflict-related disruptions.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Looking ahead, visibility for the remainder of the year remains limited<\/strong> due to ongoing regional uncertainty, Spinneys said.<\/p>\n<p class=\"tag-border-left\">Orient Ins. opens 2026 with higher income<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Al<\/strong><strong> Futtaim Group\u2019s Dubai-based ins. arm Orient Ins. kicked off 2026 <\/strong><strong>on a <\/strong><strong>positive note<\/strong>, with net income climbing 9% y-o-y to AED 340.8 mn in 1Q, according to its <a href=\"https:\/\/ent.news\/2026\/5\/587.pdf\" target=\"_blank\" rel=\"noopener\">financials (pdf)<\/a> and a separate <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/orient-insurance-reports-aed-341-million-net-profit-after-tax-in-q1-2026-up-9-from-q1-2025-yacby22f\" target=\"_blank\" rel=\"noopener\">earnings release<\/a>. Ins. revenues were up 20% y-o-y to AED 2.6 bn, and net investment results reached AED 211.6 mn, up 15.7% y-o-y, supported by stronger interest income from investments and bank deposits and dividend income. Management cited prudent underwriting and risk management as driving results.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/binghatti\/\">Binghatti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/salik\/\">Salik<\/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=\"116963\" 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=\"116963\">\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\">A MESSAGE FROM MASHREQ<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/inheritance-isnt-just-wealth-its-governance\/\">\r\n                            Inheritance isn\u2019t just wealth. It\u2019s governance                        <\/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\/12\/inheritance-isnt-just-wealth-its-governance\/\" 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\/12\/inheritance-isnt-just-wealth-its-governance\/')\">\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\/12\/inheritance-isnt-just-wealth-its-governance\/\">\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=Inheritance isn\u2019t just wealth. It\u2019s governance&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/inheritance-isnt-just-wealth-its-governance\/\">\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\/12\/inheritance-isnt-just-wealth-its-governance\/&title=Inheritance isn\u2019t just wealth. It\u2019s governance\">\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=Inheritance+isn%E2%80%99t+just+wealth.+It%E2%80%99s+governance+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F12%2Finheritance-isnt-just-wealth-its-governance%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\/12\/inheritance-isnt-just-wealth-its-governance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/532.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"116964\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/inheritance-isnt-just-wealth-its-governance\/532-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/532.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"532.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/532.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/532.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116963\" class=\"content-area-description single-story post-116963 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-mashreq tag-a-message-from-mashreq tag-banking tag-enterpriseam-uae tag-mashreq 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>Family enterprises<\/strong><strong> across the GCC have compounded wealth over decades of economic change, across borders and cycles.<\/strong> The harder question is one most founders avoid: what happens to everything they have built when they are no longer the ones making decisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>After three decades in private banking, one pattern stands out for me.<\/strong> Families that navigate generational transitions successfully address governance before a crisis forces action. This is where the nature of leadership changes. When leadership transitions, what once relied on trust and proximity must become explicit: defined roles, documented authority, and clear accountability. In practice, governance matters more than the size of the estate. Independent expertise and structured decision-making frameworks introduce objectivity, reduce conflict, and enable continuity across geographies and generations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That challenge becomes more visible at the point of transition.<\/strong> Successors inherit businesses they did not build, with cultures they did not set. These structures do not transfer on their own.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The implications of getting this wrong are measurable.<\/strong> Research by the DIFC Innovation Hub, Julius Baer, and Euroclear shows only 24% of high-net-worth individuals have a full estate plan. Estate taxes in key global markets can reach 30-40%. In practice, delay is less about complexity and more about inertia, with families relying on legacy structures without reassessing the regulatory and tax exposure. In many cases, action is only triggered externally by regulation, expansion, or liquidity events.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Momentum, however, is building.<\/strong> DIFC foundations grew from 671 to over 1,115 in 2025. Mashreq's partnership with DIFC provides a direct entry point, simplifying access and applying global standards to what has been an ad hoc process. At Mashreq, our approach has evolved toward a family-office model, acting as a facilitator rather than a decision-maker. McKinsey projects nearly USD 1 tn will transfer across generations in the GCC by 2030. Whether that transfer preserves what founders built depends on the frameworks families put in place before they are needed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vipul Kapur, Managing Director, Head of Private Banking, Mashreq<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/a-message-from-mashreq\/\">A MESSAGE FROM MASHREQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116965 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"116965\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/116965\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116965\" class=\"content-area-description single-story post-116965 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/web.facebook.com\/HassanAllamProperties\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/414.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"116966\" 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=\"116966\">\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\/12\/mro-hub-coming-to-al-ain-more-steel-production-for-dubai\/\">\r\n                            MRO hub coming to Al Ain + more steel production for Dubai                        <\/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\/12\/mro-hub-coming-to-al-ain-more-steel-production-for-dubai\/\" 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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Once fully operational, the center is expected to lift repaired component volumes in Sanad to around 65k annually. By 2030, the site is expected to support all major engine platforms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now? <\/strong>Bringing such capabilities in-house fits in with a wider UAE drive <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/11\/how-miite-2026-became-an-inflection-point-for-the-uaes-industrial-strategy-amid-regional-disruption\/\" style=\"\">to reduce reliance on external suppliers<\/a>, as well as expand its technical offerings and compete more directly with larger international MRO players, especially as newer engine technologies enter the commercial fleet.<\/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\">Steel expansion keeps rolling through Dubai Industrial City <\/p>\n<p><a target=\"_blank\" id=\"id.ngsxhd5tvzvo\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based <\/strong><strong>Assent <\/strong><strong>Steel Industries is pouring AED 120<\/strong><strong> mn into its Dubai <\/strong><strong>operations<\/strong>, aiming to expand production capacity for large-scale infrastructure and energy projects, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/investment\/assent-steel-industries-to-expand-structural-steel-fabrication-at-dubai-industrial-city-ifssqo1g\" style=\"\">press release<\/a>. The investment, tied to a new musataha agreement with Dubai Industrial City, covers roughly 2.2 mn sq ft of new development space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new facility is expected to become operational by 2Q 2028<\/strong>, with phased expansion linked to project demand. Once completed, Assent\u2019s capacity is set to increase to roughly 130k tonnes per year from around 100k tonnes. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sanad\/\">Sanad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/steel\/\">Steel<\/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=\"116968\" 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=\"116968\">\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\/12\/aramcos-usd-32-5-bn-1q-is-a-verdict-on-infrastructure-redundancy\/\">\r\n                            Aramco\u2019s bypass operation                        <\/a>\r\n            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wp-post-image\" alt=\"\" data-attachment-id=\"116969\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/12\/aramcos-usd-32-5-bn-1q-is-a-verdict-on-infrastructure-redundancy\/590-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/590.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"590.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/590.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/590.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116968\" class=\"content-area-description single-story post-116968 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-aramco tag-earnings-watch tag-enterpriseam-uae tag-oil-and-gas tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The world's largest oil company delivered the clearest earnings argument <\/strong><strong>yet for why redundancy is key in a chokepoint world. <\/strong>Aramco\u2019s 1Q numbers landed with a surge that, under geopolitical assumptions, should have been a war-disrupted miss \u2014 instead, the company earned more than <a target=\"_blank\" href=\"https:\/\/investor.exxonmobil.com\/company-information\/press-releases\/detail\/1204\/exxonmobil-announces-first-quarter-2026-results\" style=\"\">ExxonMobil<\/a>, <a target=\"_blank\" href=\"https:\/\/www.chevron.com\/newsroom\/2026\/q2\/chevron-reports-first-quarter-2026-results\" style=\"\">Chevron<\/a>, <a target=\"_blank\" href=\"https:\/\/www.shell.com\/content\/experience-fragments\/shell\/corporate\/quarterly\/master\/_jcr_content\/root\/tabs\/tab_1817701465\/text_copy_copy_94812\/links\/item0.stream\/1778115268202\/e177be427a9e32c1ade2cd6530cf0fdffce50c4f\/q1-2026-quarterly-press-release.pdf\" style=\"\">Shell<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/first-quarter-2026-results.html\" style=\"\">BP<\/a> combined.<\/p>\n<p class=\"tag-border-left\">The chokepoint premium <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The numbers and narratives: <\/strong>The company reported USD 32.5 bn in net income \u2014 up 25% y-o-y and 34% q-o-q \u2014 ahead of LSEG consensus <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-aramcos-q1-profit-rises-25-higher-sales-2026-05-10\/\" style=\"\">estimate of USD 30.95 bn<\/a>, even as traffic through the Strait of Hormuz, which carries 20% of the world's energy trade, faced severe disruption during the first quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The explanation lies in infrastructure designed decades ago for a contingency scenario.<\/strong> The East-West Pipeline, which ramped up to its full 7 mn bbl \/ d capacity during the quarter (5 mn bbl \/ d for exports and 2 mn bbl \/ d for west coast refineries), allowed crude to bypass Hormuz entirely, and \u201chas proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints,\u201d CEO Amin Nasser said in Aramco\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/492.pdf\" style=\"\">earnings statement (pdf)<\/a>. In a conventional oil market, spare infrastructure drags on returns. In today\u2019s market, it manufactures them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scale of the inversion is striking.<\/strong> Iran's blockade of Hormuz removed nearly 1 bn barrels from global markets over the past two months, according to Nasser, with Brent <a target=\"_blank\" href=\"https:\/\/www.barchart.com\/futures\/quotes\/QAK26\" style=\"\">climbing through the quarter<\/a> and now trading above USD 100. Aramco itself absorbed direct attacks on energy infrastructure, with throughput restored within days. The Saudi giant still raised revenue to USD 124 bn, held a USD 21.9 bn dividend, and preserved supply reliability at 96.3% \u2014 largely by rerouting flows through the pipeline and its storage network.<\/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 optionality trade<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energy markets have long priced producers on efficiency<\/strong> \u2014 output growth, reserve life, refining margins, and capital discipline \u2014 treating redundancy as a drag. That logic is shifting as geopolitics moves into core pricing. Physical redundancy \u2014 pipelines, storage, and alternative export routes \u2014 is being re-rated as optionality. Call it the chokepoint premium: the value markets assign to a producer's ability to physically deliver barrels under stress, not just to produce them cheaply.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This quarter suggests the early stages of a broader repricing.<\/strong> In a market dominated by chokepoint risk, the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/04\/16\/how-routes-decide-and-will-define-fortunes-in-the-gulf\/\" style=\"\">survivability of export pathways<\/a> is becoming as important as upstream economics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That shift is beginning to surface across the region. <\/strong>Egypt's <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/05\/egypt-positions-itself-as-a-logistics-bridge-for-the-gcc-amid-hormuz-strait-closure\/\" style=\"\">Sumed pipeline<\/a> \u2014 long regarded as legacy infrastructure following shifts in global crude trade flows \u2014 has regained relevance amid tensions, <a target=\"_blank\" href=\"https:\/\/www.egyptindependent.com\/egypts-sumed-oil-flows-jump-150-on-red-sea-trade-rerouting\/\" style=\"\">operating near full capacity<\/a> for the first time in years because it offers something markets are discovering they are short on: optionality. Adnoc\u2019s Abu Dhabi Crude Oil Pipeline from <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/24\/how-much-of-the-uaes-oil-flows-through-the-strait-of-hormuz-and-what-are-the-alternatives\/\" style=\"\">Habshan to Fujairah<\/a> carries the same premium on a smaller scale, with a nameplate capacity of 1.5-1.8 mn bbl \/ d. <\/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 K-shape, in barrels<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The same shock that made redundant producers richer is destabilizing dependent importers. <\/strong>India has already recorded more than <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/05\/01\/this-afternoon-enbd-nears-rbl-takeover-after-sebi-nod-india-plans-to-add-62-vessels-to-its-commercial-fleet\/\" style=\"\">USD 20 bn in equity outflows<\/a> this year as higher oil prices collided with one of the world\u2019s largest import bills. Across South Asia, Sri Lanka has <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/two-months-into-iran-war-economic-strain-mounts-across-emerging-markets-2026-04-27\/\" style=\"\">reintroduced subsidy mechanisms<\/a>, alongside seeking IMF relief, while Pakistan entered the shock with low foreign reserves and is grappling to cover imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s financing conditions also tightened<\/strong> \u2014 as Gulf war risks pushed credit default swaps (CDS) <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/05\/fiscal-pressures-mount-for-egypt-as-cds-levels-rise\/\" style=\"\">spreads higher<\/a> and regional debt markets cooled, with MENA\u2019s bond issuance falling 12% y-o-y in 1Q. The same shock that turned spare infrastructure into a strategic asset is turning emerging-market borrowers without it into a credit risk.<\/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\">Months, or 2027?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline depends entirely on Hormuz.<\/strong> Nasser <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-10\/aramco-profit-climbs-as-war-driven-oil-rise-offsets-export-hit\" style=\"\">told Bloomberg<\/a> that a quick reopening could mean recovery within months; anything beyond a few more weeks would push normalization into 2027. For producers with the right alternatives, next year looks less like a downside scenario and more like a structural feature. For importers without fiscal cover, it may be the year when temporary repricing becomes permanent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asia-Pacific markets opened in the green this morning<\/strong>, echoing gains seen on Wall Street that pushed both the S&P 500 and Nasdaq to close at record highs. Market momentum is underpinned by a wave of solid US earnings, which have managed to insulate investor sentiment even as the US-Iran ceasefire remains on \u201clife support.\u201d <\/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\">9,788<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,820<\/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: -3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,654<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2% (YTD: -4.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.6% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,158<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">54,475<\/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: +30.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 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\">7,413<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,269<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +3.4%)<\/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>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\">5,895<\/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: +1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 104.21<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.9%<\/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>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 2.92<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,749<\/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>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 81,864<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.69<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">151.88<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: 0.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">18.38<\/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\">+6.9% (YTD: +22.9%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 1.4% yesterday<\/strong> on turnover of AED 627.9 mn. The index is down 3.8% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>National General Ins. Company (+3.9%), Chimera S&P UAE Shariah ETF- Share class B - Income (+1.7%), and Ithmaar Holding (+1.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Dubai Refreshment Company (-5.0%), Agility The Public Warehousing Company (-4.9%), and Unikai Foods (-4.9%). <\/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 0.5% on turnover of AED 877.7 mn. Meanwhile, Nasdaq Dubai was down 1.2%.<\/p>\n\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\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/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=\"116970\" 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\/12\/116970\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-116970\" class=\"content-area-description single-story post-116970 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 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=\"\">, 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 style=\"\">19-21 May (<\/span><span style=\"\">Tuesday<\/span><span style=\"\">-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/ar\/security\/inaugural-abu-dhabi-global-sustainable-security-summit-to-take-place-in-emirate\/\" style=\"\">Abu Dhabi Global Sustainable Security Summit<\/a><\/span><span>, Adnec Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>21 <\/span><span>May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/economymiddleeast.com\/summit-2026\/\" style=\"\">Economy Middle East Summit<\/a><\/span><span style=\"font-weight:400;\">, Rosewood, 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;\">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>30 October (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;\">Signposted to happen sometime in October 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi Space Week, Abu Dhabi.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-6 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifuturefinanceweek.com\/\" style=\"\">Dubai Future Finance Week<\/a><\/span><span>, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digitransformationsummit.com\/uae\/\" style=\"\">Digital Transformation Summit<\/a><\/span><span style=\"font-weight:400;\">, Sofitel, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-10 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bmkxm3q-mohammad-gergawi-announces-dates-next-uae\" style=\"\">Annual government meetings<\/a><\/span><span>, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/february\/24-02\/rta-organises-the-inaugural-edition-of-dubai-international\" style=\"\">Dubai International Electric Vehicle Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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\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: G42 + Microsoft\u2019s USD 1 bn data center in Kenya hits a speedbump<\/p>\n","protected":false},"featured_media":116952,"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-116951","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"01010387-23e8-4fdf-818c-2669bf39df0e","teaser":"Plus: G42 + Microsoft\u2019s USD 1 bn data center in Kenya hits a speedbump","photo_url":"https:\/\/ent.news\/2024\/8\/1373.jpg"},"yoast_head":"<!-- This site is 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