{"id":117090,"date":"2026-05-14T00:00:00","date_gmt":"2026-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=117090"},"modified":"2026-05-14T03:12:44","modified_gmt":"2026-05-14T03:12:44","slug":"alabbar-eyes-syria-phoenix-eyes-france-and-presight-plans-to-scale-its-defense-solutions","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/alabbar-eyes-syria-phoenix-eyes-france-and-presight-plans-to-scale-its-defense-solutions\/","title":{"rendered":"Alabbar eyes Syria, Phoenix eyes France, and Presight plans to scale its defense solutions"},"content":{"rendered":"<section id=\"117092\" 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=\"117092\">\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\/14\/this-morning-masdar-secures-2-gw-from-chinas-jinkosolar-mubadala-backs-quantum-computing-firm\/\">\r\n                            THIS MORNING: Masdar secures 2 GW from China\u2019s JinkoSolar + Mubadala backs quantum computing firm                        <\/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\/14\/this-morning-masdar-secures-2-gw-from-chinas-jinkosolar-mubadala-backs-quantum-computing-firm\/\" 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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Today\u2019s issue is another meaty one, with big moves from Emirati companies including Phoenix Group, which is shifting from a pure BTC miner to a data center developer with a new contract in France, and Presight, which is scaling its defense technology amid a wider national focus on domestic security and resilience. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: Our Big Story Today focuses on another big-ticket investment<\/strong>, this time in Syria, with Emaar and Eagle Hills head Mohamed Alabbar confirming he\u2019s eyeing up to USD 18 bn in investments in the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>We have a lot of cross-border cooperation with none other than Saudi Arabia.<\/strong> Abu Dhabi Commercial Bank is lending Saudi-based trucking platform Trukker USD 300 mn, while fresh produce importer NRTC Holding Group and Saudi agribusiness Dava Agricultural inked an agreement on sourcing and supply chains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- President Mohamed<\/strong> <strong>bin Zayed Al Nahyan spoke to Saudi Crown Prince Mohammed bin Salman over the phone<\/strong> about regional tensions and stabilization efforts, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/177w4qj-uae-president-receives-phone-call-from-saudi-crown\" style=\"\">Wam<\/a> reports. The two also discussed \u201cfraternal relations\u201d and \u201caspects of cooperation and coordination between the two countries.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The call comes after a period when Emirati-Saudi relations were in the spotlight, following tensions over the two countries\u2019 backing of different groups <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/12\/31\/ma-activity-is-heating-up-for-saudi-startups\/\" style=\"\">in the conflict in Yemen<\/a> and concerns that the UAE\u2019s exit from Opec exposes a rift between the two countries, despite UAE officials\u2019 denial. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The president also spoke with US President Donald Trump<\/strong>, in a call that focused on ways to boost bilateral cooperation and regional developments, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/177w4qd-uae-president-receives-phone-call-from-president\" style=\"\">Wam<\/a> reports elsewhere. UAE-US collaboration has been on a roll recently, particularly <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/16\/uae-us-ink-usd-200-bn-investment-agreements-in-ai-critical-minerals-and-energy\/\" style=\"\">on AI and tech<\/a>, with the two also reportedly <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/28\/the-uae-doesnt-want-a-loan-from-dc-but-it-does-want-to-send-a-message\/\" style=\"\">discussing a currency swap line<\/a> to boost liquidity for the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And while<\/strong><strong> we\u2019re on the topic of diplomacy: <\/strong>The government <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/MediaHub\/News\/2026\/5\/13\/uae-isreal\" style=\"\">denied<\/a> a <a target=\"_blank\" href=\"https:\/\/www.gov.il\/en\/pages\/spoke-meet130526\" style=\"\">statement<\/a> from Israel\u2019s Prime Minister Benjamin Netanyahu\u2019s office claiming the Israeli leader \u201csecretly visited\u201d the Emirates sometime after the regional war broke out. Abu Dhabi also denies receiving any Israeli military delegation.<\/p>\n<p class=\"tag-border-left\">Another thing UAE officials want you to know? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>There\u2019s no fear of capital flight here. <\/strong>Chairman of the UAE bank federation Abdul Aziz Al Ghurair struck a note of confidence in the Emirates\u2019 status as a hub for capital, saying that he doesn\u2019t expect the war to affect banks or corporate earnings, in comments at a press conference picked up by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-bank-federation-chief-dismisses-concerns-capital-flight-due-iran-war-2026-05-13\/\" style=\"\">Reuters<\/a>. Al Ghurair said he expects \u201c2Q [2026] will be better than 2Q 2025.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Earlier in the conflict, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/04\/capital-outflows-to-be-expected-in-the-near-term-as-war-dents-the-uaes-safe-haven-status-analysts-say\/\" style=\"\">analysts told us<\/a> that foreign investors\u2019 confidence would likely take a hit in the short to medium term, with the duration and scope of the war determining the magnitude of outflows. Foreign investors had <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/30\/project-awards-in-the-gulf-slow-in-the-wake-of-the-war\/\" style=\"\">pulled USD 120 bn<\/a> out of the Emirates during the early days of the conflict. However, capital markets have been in a phase of relative recovery in recent weeks. <\/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- Abu Dhabi will see a high of 40\u00b0C today<\/strong>, before it cools down to 28\u00b0C overnight, while Dubai will see the mercury reach 38\u00b0C before cooling to 29\u00b0C. <\/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>ENERGY<\/strong><strong> \u2014<\/strong> <strong>Chinese solar manufacturer JinkoSolar will supply Masdar<\/strong> <strong>with 2<\/strong><strong> GW of its<\/strong><strong> high-efficiency Tiger Neo solar modules <\/strong>for Abu Dhabi\u2019s first round-the-clock renewable energy project, according to a <a target=\"_blank\" href=\"https:\/\/www.jinkosolar.com\/en\/site\/newsdetail\/2895\" style=\"\">statement<\/a>. Masdar broke ground on the project <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/this-morning-xrg-eyes-investment-in-argentinian-lng-project-masdar-breaks-ground-on-24-hour-solar-and-battery-energy-facility\/\" style=\"\">last October<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar and Ewec are setting up the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/15\/masdar-unveils-usd-6-bn-mega-solar-and-battery-project-in-abu-dhabi\/\" style=\"\">USD 6 bn solar and battery energy facility<\/a><\/strong>, combining 5.2 GW of solar capacity and 19 GWh of battery storage to provide 1 GW of uninterrupted clean power. The facility is set to be one of the largest of its kind once operational in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>AI \u2014 The UAE and South Korea are looking to deepen AI cooperation. <\/strong>The Investment Ministry led a delegation to South Korea this week to discuss expanding partnerships tied to AI, data centers, semiconductors, and wider AI infrastructure, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c06xch2-ministry-investment-delegation-participates\" style=\"\">Wam<\/a> reports. The discussions came during the Korea-UAE AI Infrastructure and Semiconductor Investment Cooperation Forum, which was launched under a joint working group set up during the UAE visit to South Korea last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who<\/strong><strong> was involved? <\/strong>The Emirati delegation included heavyweights from both the AI and investment sectors, with the likes of Abu Dhabi AI investor MGX, Mubadala, G42\u2019s sovereign cloud and generative AI subsidiary Core42, and Adia attending the talks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/27\/uae-south-korea-sign-usd-35-bn-defense-pact-agree-to-restructure-investments\/\" style=\"\">Earlier this year<\/a>, the UAE and Korea inked a USD 35 bn MoU on defense cooperation, in a tie-up spanning the entire defense industry cycle. <\/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>INVESTMENT \u2014<\/strong> <strong>Mubadala Capital joined a USD 200 mn funding round<\/strong><strong> for Vancouver-based quantum computing firm Photonic Inc.<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2026\/05\/12\/3293143\/0\/en\/Photonic-Inc-Closes-Investment-Round-with-over-200M-USD-275M-CAD.html\" style=\"\">press release<\/a>. The round, led by the UK\u2019s Planet First Partners and joined by the likes of Development Bank of Canada, Export Development Canada, and existing investor Microsoft, values the company at USD 2 bn and brings its total capital raised to over USD 350 mn. The size of Mubadala's investment was not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does Photonic do? <\/strong>Unlike most quantum players trying to build one large, isolated machine, the firm builds smaller units that can be linked together and scaled up as needed, according to its <a target=\"_blank\" href=\"https:\/\/photonic.com\/technology\/\" style=\"\">website<\/a>. The units can connect over standard fiber-optic cables \u2014 the same kind that carries the world\u2019s internet traffic \u2014 instead of requiring entirely new infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>Photonic\u2019s architecture is designed to work over existing global telecom fiber infrastructure, which the UAE is actively expanding through projects like the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/10\/2africa-is-here-as-is-crypto-denominated-ins-investsky-expands-to-saudi-and-khazna-expands-into-ops\/\" style=\"\">2Africa subsea cable<\/a>. Watch for whether this technology starts finding its way into the UAE\u2019s own digital infrastructure as it looks to bolster its position as a global AI and data hub. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>As we\u2019ve <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/06\/abu-dhabi-sovereign-wealth-funds-could-repurpose-their-strategies-toward-critical-sectors-in-case-of-a-war-escalation\/\" style=\"\">previously noted<\/a>, regional tensions are pushing SWFs like Mubadala to prioritize sectors supporting economic resilience and strategic supply chains \u2014 this investment gives it a slice of technology that could set the UAE up for success as it deepens its push in quantum computing and AI. The investment also comes on the heels of last year\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/uae-to-invest-usd-50-bn-in-canada-under-joint-investment-framework\/?repeat=w3tc\" style=\"\">USD 50 bn investment framework<\/a> focused on high-growth sectors including energy, AI, and logistics.<\/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\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/791.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In a market defined by geopolitical risk, inflation, currency volatility, and declining interest rates, knowing how to manage your money has never been more important, and yet few people are really good at it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The default in Egypt has traditionally been to dollarize, buy real estate, or stash your extra cash in a high-yield certificate of deposit, but that playbook is dying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">With an illiquid real estate market, the era of ultra high-yield deposits coming to an end, and a rapidly expanding ecosystem of digital investment options, investors are looking for new, smarter opportunities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In this four-part series, <strong>EnterpriseAM Money Matters<\/strong> will walk you through smart personal finance decisions regardless of your age, income, or starting point.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/eg\/\" style=\"\">Subscribe to our Egypt edition<\/a> and take the first step toward making your money work harder, delivered to your inbox soon.<\/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\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The highly-anticipated <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/nvidia-ceo-joins-trumps-mission-open-up-china-2026-05-13\/\" style=\"\">Trump-Xi meeting<\/a><\/strong><strong> is happening as we\u2019re pressing send this morning. <\/strong>The meeting is expected to see President Donald Trump ask his Chinese counterpart to \u201copen up\u201d the world\u2019s second biggest economy to US investment. The US side is also expected to press Beijing to pressure Iran to \u201cwalk away from what it is doing in the Gulf,\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/rubio-us-wants-china-press-iran-change-course-gulf-2026-05-13\/\" style=\"\">Reuters<\/a> said, citing comments by US Secretary of State Marco Rubio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s official: <\/strong>The US Senate has <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2f1a9453-d062-45a4-9991-9a9552542e25?syn-25a6b1a6=1\" style=\"\">confirmed<\/a> Kevin Warsh as the next head of the Federal Reserve, taking over from outgoing chief Jerome Powell, whose term officially ends this Friday. Warsh, a longtime advocate for rate cuts, will take over during a period of high inflation and internal dissent in the Fed. We dive deeper into upcoming Fed moves and what they could mean for the region in this morning\u2019s Planet Finance, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two blockbuster IPOs are the latest sign that the AI hype is alive and well<\/strong>, highlighting the strong and ongoing appetite investors have for AI-focused companies. AI chipmaker Cerebras Systems <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4848fbef-d9af-46ee-b6ef-ad344a7a3814?syn-25a6b1a6=1\" style=\"\">raked in USD 5.5 bn<\/a> in its IPO, bringing its value to roughly USD 40 bn, while the IPO of Blackstone\u2019s newly-formed Digital Infrastructure Trust <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-13\/blackstone-reit-raises-1-75-billion-in-ipo-to-buy-data-centers\" style=\"\">raised USD 1.75 bn<\/a>, which will go towards buying data centers to support AI computing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The future of private credit is once again making headlines <\/strong>after former Securities and Exchange Commission chair Jay Clayton <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/02090fe2-7d8e-4d70-bb6e-9604a4dc91bf?syn-25a6b1a6=1\" style=\"\">said<\/a> that there is no evidence that the US private credit sector suffers \u201cexcess leverage.\u201d The comments follow heavy losses in the sector, fueled by fears that AI disruption could cripple the debt-heavy software firms it supports.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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        <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117095\" 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=\"117095\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE BIG STORY TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/alabbar-plans-to-invest-up-to-usd-18-bn-in-syria\/\">\r\n                            Alabbar lines up USD 18 bn Syria push      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data-image-title=\"803.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/803.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/803.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117095\" class=\"content-area-description single-story post-117095 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-emaar tag-emaar-properties tag-enterpriseam-uae tag-investment tag-syria tag-the-big-story-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mohamed <\/strong><strong>Alabbar plans USD 18 bn fund for Syria<\/strong><strong> rebuild: <\/strong>Mohamed Alabbar has just confirmed he\u2019s the latest Emirati name making a major push into Syria\u2019s reconstruction. The Emaar Properties founder said he plans to invest up to USD 18 bn in large-scale real estate, tourism, and infrastructure projects across Syria, according to comments (<a target=\"_blank\" href=\"https:\/\/www.snabusiness.com\/article\/1869132-%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%B1-%D9%8A%D9%83%D8%B4%D9%81-%D8%AE%D8%B7%D8%B7%D8%A7-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D9%8A%D8%A9-%D8%B3%D9%88%D8%B1%D9%8A%D8%A7-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9\" style=\"\">watch, runtime: 42:53<\/a>) made by Alabbar at the first Syrian-Emirati Investment Forum <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/13\/this-morning-ipo-plans-cool-for-dubai-holding-and-ega-more-uae-syria-collaboration-is-on-the-way\/\" style=\"\">in Damascus<\/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>The plans would mark one of the largest Gulf private-sector pushes into Syria since <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/14\/this-morning-uae-president-to-attend-gcc-us-summit-in-riyadh\/\" style=\"\">the lifting of sanctions<\/a> reopened the country to international investment flows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan: <\/strong>The proposed investment includes USD 10-11 bn earmarked for real estate developments in and around Damascus, alongside USD 5-7 bn for tourism-focused projects on Syria\u2019s coastline, Alabbar said. Work could begin within 6-12 months once planning and structuring are completed, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe time for Syria is now<\/strong><strong>,\u201d<\/strong> Alabbar said, explaining that any investment inherently carries risk \u2014 even the ones in the UAE or Egypt \u2014 but that \u201cthe smart move is to act fast before others jump [at the chance].\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Reports had circulated last week that Alabbar\u2019s international development-focused firm, Eagle Hills, is weighing some <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/the-uaes-eagle-hills-and-icd-eye-real-estate-tourism-investments-in-syria\/\" style=\"\">USD 50 bn in developments in Syria<\/a>, though Alabbar \u2014 without outright denying the figure is true \u2014 pointed to slightly smaller investment estimates as of now. The projects mentioned included a major development in Damascus\u2019 Dummar area and another in Latakia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tourism is central to the pitch: <\/strong>Syria could attract as many as 8 mn tourists within 4-5 years \u2014 up from roughly 4 mn visitors last year \u2014 potentially generating USD 5-7 bn in annual foreign currency inflows, Alabbar said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It won\u2019t all be Emirati capital. <\/strong>Alabbar plans to open up his projects to Syrian partners who could own shares in the company set up to develop these projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The broader push mirrors UAE-backed <\/strong><strong>megadevelopment and<\/strong><strong> reconstruction plays elsewhere in the region.<\/strong> Earlier this year, we covered reports of the UAE\u2019s funding plans <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/26\/uae-funds-gaza-housing-project-near-rafah\/\" style=\"\">for a residential complex in Gaza<\/a> to house displaced Palestinians. UAE names like <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/07\/adq-taps-modon-holding-as-ras-el-hekma-master-developer\/\" style=\"\">ADQ-backed Modon<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/aldar-mubadala-acquire-the-link-investcorp-leans-deeper-into-us-housing-sharjah-gets-more-ev-infrastructure-another-emirati-name-lands-in-ras-el-hekma\/\" style=\"\">Miran Hills Real Estate<\/a> are also involved in developing the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/17\/sky-ad-breaks-ground-on-egp-80-bn-ras-el-hekma-project\/\" style=\"\">USD 35 bn Ras El Hekma project<\/a> in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Back to Syria: <\/strong>Alabbar wouldn\u2019t be the first Emirati player getting involved in Syria\u2019s reconstruction. DP World will <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/14\/dp-world-to-develop-tartous-port-under-30-year-agreement\/\" style=\"\">develop Tartous Port<\/a> under a 30-year agreement, while AD Ports is <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/07\/ad-ports-group-to-acquire-a-20-stake-in-syrias-latakia-container-terminal\/\" style=\"\">acquiring a 20% stake<\/a> in Syria\u2019s Latakia International Container Terminal. Dubai sovereign wealth fund Investment Corporation of Dubai also met with Syrian President Ahmed Al Sharaa during the forum to discuss potential investments across real estate, tourism, and financial services.<\/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\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emaar-properties\/\">Emaar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/syria\/\">Syria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117097 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=\"117097\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/117097\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117097\" class=\"content-area-description single-story post-117097 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<div class=\"grouped-tags\">\n<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<\/div>\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=\"117098\" 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=\"117098\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/btc-miner-phoenix-shifts-toward-ai-infrastructure-in-europe\/\">\r\n                            From BTC miner to AI infrastructure developer                        <\/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 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/781.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117099\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/btc-miner-phoenix-shifts-toward-ai-infrastructure-in-europe\/781-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/781.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"781.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/781.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/781.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117098\" class=\"content-area-description single-story post-117098 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-ai tag-enterpriseam-uae tag-investment tag-phoenix-group tag-tech 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>Abu Dhabi-based Phoenix Group is making a shift from BTC mining to building<\/strong><strong> large\u2011scale AI and high\u2011performance computing (HPC) infrastructure<\/strong>, with its first <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/774.pdf\" style=\"\">contract (pdf)<\/a> for an 18 MW data center in Lyon, France \u2014 marking its first venture into global AI infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yes, it\u2019s a full-on shift. <\/strong>\u201cAI and HPC infrastructure is where the majority of our capital and focus is directed going forward,\u201d Founder and CEO Munaf Ali tells EnterpriseAM, describing it as an \u201cevolution\u201d given the foundations already built with BTC mining. \u201cBTC mining is fundamentally an infrastructure business built around power procurement, large-scale compute, cooling, and the ability to energize facilities at speed,\u201d Ali explains. \u201cThose are exactly the capabilities that the AI and HPC markets demand.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>He expects AI and HPC infrastructure to become the dominant part of the business by contribution<\/strong>, with plans to develop a 1 GW platform across the GCC and Europe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s mostly about timing:<\/strong> \u201cAI infrastructure demand is outpacing supply globally,\u201d he explains. \u201cThe window to establish strong positions, with the right sites, power, and partnerships is open now, and we have the operational capability and balance sheet to move, so we are moving.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it\u2019s also about de-risking: <\/strong>Last year, Ali told <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/06\/20\/2025\/abu-dhabi-bitcoin-miner-considers-us-listing-in-pivot-to-ai\" style=\"\">Semafor<\/a> that both AI and crypto de-risk each other. \u201cBTC mining can be operational in six months,\u201d while an AI data center can take years to build and to lock in tenants, he said at the time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The company is working with DC Max, a French data center developer with a 1 GW pipeline already in the bag, valued at USD 8 bn, on the project. DC Max is bringing to the fore its grid access and on-the-ground relationships, with the project now ready to go: land is secured in Lyon, where costs are \u201csignificantly lower than in Paris,\u201d as the statement says, and the grid connection is in place with available power. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project is on track to begin construction in July 2026<\/strong>, with an eye to deliver the data center in 4Q 2027 or 1Q 2028. That clear timeline, coupled with the fact that the site is already permitted with grid and power connection available, is a \u201cgenuinely rare combination in the current European market \u2014 and that profile attracts serious demand,\u201d he says, noting that there are \u201cactive conversations\u201d with potential tenants underway. <\/p>\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>The company said it plans to make \u201cfurther announcements\u201d this year<\/strong>, with both Europe and the GCC in its sights. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the focus on Europe?<\/strong> The company sees it as a \u201cgrowth engine\u201d alongside its expertise in the GCC. \u201cFrance alone has a pipeline that supports serious scale, and we are not limiting our ambitions to a single country,\u201d Ali says, without disclosing a specific planned geographic breakdown for the 1 GW target.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where next?<\/strong> \u201cSequencing will reflect where the right combination of site readiness, power, and commercial terms comes together first,\u201d he tells us. <\/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\">Background <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Phoenix has been scaling its mining operations<\/strong> across the GCC, North America, and Ethiopia, with around 550 MW of deployed capacity. The company just last November launched a 30 MW hydropower-backed mining facility in Addis Ababa, with the company saying at the time it plans to diversify into new streams of digital infrastructure like AI hosting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/06\/20\/2025\/abu-dhabi-bitcoin-miner-considers-us-listing-in-pivot-to-ai\" style=\"\">eyeing a US listing<\/a><\/strong>, which it is still \u201cevaluating seriously,\u201d though there are no concrete updates on that front.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/phoenix-group\/\">Phoenix Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117100\" 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=\"117100\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/dubai-taxi-moves-into-abu-dhabi-with-aed-1-5-bn-national-taxi-acquisition\/\">\r\n                            Dubai Taxi to snap up National Taxi                        <\/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\/14\/dubai-taxi-moves-into-abu-dhabi-with-aed-1-5-bn-national-taxi-acquisition\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Its FY 2024-2025 earnings saw it bring in AED 774 mn in revenues and AED 101 mn in net income.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DTC said the acquisition will be fully funded through new bank debt facilities<\/strong>, with no new share issuance or dilution for existing shareholders. The transaction is expected to close in early 3Q 2026 pending regulatory approvals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s ahead: <\/strong>DTC expects its Dubai market share to climb to roughly 59% post-transaction (from 47%) and to enter Abu Dhabi with an estimated 12% market share. Combined, DTC and National Taxi would operate a fleet exceeding 14k vehicles and serving around 78 mn trips annually across the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And for National Taxi?<\/strong> DTC plans to keep the National Taxi brand after the transaction closes and will fold finance, procurement, and other back-office functions into its own operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The acquisition \u2014 DTC\u2019s first major transaction <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/\" style=\"\">since listing<\/a> \u2014 comes amid a wider consolidation drive in Dubai and the wider UAE from state-owned entities. Just <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/13\/this-morning-ipo-plans-cool-for-dubai-holding-and-ega-more-uae-syria-collaboration-is-on-the-way\/\" style=\"\">earlier this week<\/a> Dubai Holding became the largest shareholder in Emaar Properties, acquiring a 22.27% stake from Investment Corporation of Dubai in a move that was described as \u201ca government-level restructuring rather than a commercial transaction.\u201d Over in Abu Dhabi, we\u2019ve been reporting on a similar trend from the likes of <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/13\/ihc-shareholders-approve-multiply-ghitha-2pointzero-merger-appoint-leadership-for-post-merger-aed-120-bn-firm\/\" style=\"\">IHC<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/02\/abu-dhabi-centralizes-sovereign-wealth-by-folding-adq-into-limad\/\" style=\"\">L\u2019imad<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/16\/ihc-establishes-an-aed-100-bn-investment-powerhouse-as-abu-dhabi-centralizes-capital\/\" style=\"\">Judan Financial<\/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\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117102\" 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=\"117102\">\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\/14\/presight-is-bullish-on-domestic-ai-sector-amid-defense-and-local-resilience-push-with-plans-to-scale-defense-solutions\/\">\r\n                            Presight plans to scale defense solutions amid broader domestic resilience push                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/presight-is-bullish-on-domestic-ai-sector-amid-defense-and-local-resilience-push-with-plans-to-scale-defense-solutions\/\" 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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>AI-powered data analytics firm Presight plans to expand its defense tech stack<\/strong><strong> and sharpen its focus on domestic resilience<\/strong> amid a broader national focus on security and defense in light of the regional conflict, Senior Director of Investor Relations Roger Tejwani tells EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm\u2019s National Crisis Emergency Platform, which operates in Abu Dhabi, was \u201cvery active\u201d during the war<\/strong>, and use cases were expanded in real time for situations like handling fallen debris from interceptions, allocation of resources, and test cases around hospital evacuation protocols, to give a few examples, Tejwani says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThere\u2019s conversations happening across other emirates \u2014 and even internationally \u2014 to scale the use of this platform<\/strong>,\u201d he adds, referencing the impact of the war on other emirates like Dubai, Fujairah, and Ras Al Khaimah. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are plenty of non-kinetic defense use cases that can be scaled as mission-critical solutions<\/strong>, as sovereigns\u2019 focus on national and institutional resilience, operational continuity, and data security ramps up, he explains. \u201cThere\u2019s a renewed focus on the role AI can play in defense and the full defense and safe city optimization chain \u2014 from joint manpower operation to logistics and supply chains, as well as things like shelter planning and optimization,\u201d Tejwani says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The focus on defense comes amid a broader policy shift that was evident at <\/strong><strong><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=\"\">last week\u2019s Make It in the Emirates<\/a><\/strong><strong>. <\/strong>The mandate is now to move beyond just local assembly or procurement and instead push towards owning the full ecosystem (components, IP, supply chains, and tech transfer). Presight, a state-backed, Abu Dhabi-based big data analytics firm specialized in developing smart city software applications and sovereign AI platforms, is in a great position to own the safe-city optimization and data governance side of this. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It also comes amid a potentially broader focus on infrastructure resilience across other critical industries<\/strong>, including tech. The war exposed vulnerabilities across data center infrastructure, with kinetic <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/01\/this-morning-ad-ports-eye-logistics-investments-in-azerbaijan-more-us-investment-could-be-coming-our-way-post-opec-exit\/\" style=\"\">attacks on Amazon Web Services\u2019 data centers<\/a> in Dubai and Bahrain leading to outages and months-long repairs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Presight is already working on a command-and-control platform for Khazna\u2019s data centers in the region<\/strong>, which would help \u201coptimize performance, monitor performance, and ensure operational continuity,\u201d Tejwani says, explaining that a platform like that, along with a potential rethink of some data centers\u2019 design or their distribution, will support the Emirati AI sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cI think the Middle East will remain a critical node for compute<\/strong>,\u201d he says, adding, \u201cthere are very few territories globally where you have that combination of cost-efficient energy, scalability, strategic intent, capital, chips, and cooling.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This all adds to other domestic tailwinds<\/strong>, including the government\u2019s recent decision to deploy agentic AI across <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2026\/april\/23-04\/mohammed-bin-rashid-chairs-uae-cabinet-meeting\" style=\"\">50% of government services<\/a>. <\/p>\n<p class=\"tag-border-left\">Equal parts domestic and international expansion <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is focusing on a \u201ctwin-growth\u201d strategy, whereby international revenues will be on par with domestic revenues<\/strong> and Presight\u2019s own domestic national-scale platforms can be replicated and exported to other countries, Tejwani tells us. International revenues grew 63% y-o-y off an \u201calready high base [in 1Q 2025],\u201d he says, and their share of total revenues was around 30%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Everything built in Abu Dhabi is built with the potential to export it in mind.<\/strong> \u201cWe often bring ministries into the UAE to show them the full scale of what they can achieve through AI, and they\u2019re keen to replicate that in their own territories,\u201d Tejwani explains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Presight is in talks with countries across Central Asia, Africa, and the Balkans<\/strong>, where an agreement is expected soon, Tejwani tells us. It already has smart city programs and supercomputer projects in place in countries like Kazakhstan and Albania, as well as Gabon, the Ivory Coast, and Burkina Faso in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/03\/medical-facultys-practice-rules-change-presight-continues-expansion-in-africa-a-new-adgm-based-tokenization-focused-jv-and-mbrif-extends-support-to-fragrance-delivery-technologies\/\" style=\"\">Africa<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A closer look at the numbers<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm\u2019s net income after tax grew 11.5% y-o-y to AED 133.8 mn<\/strong>, while revenues grew 22.2% to AED 689 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/772.pdf\" style=\"\">management discussion and analysis report (pdf)<\/a>. Some 95.7% of revenue is generated from multi-year contracts, giving the firm a high level of<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">revenue visibility and resilience even as the conflict potentially delays some agreements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cOur customer base are sovereigns, both in the UAE and internationally, and their focus from late February onwards was very much on system resilience<\/strong>, operational continuity, strong data governance, and data security,\u201d Tejwani tells us. That explains the \u201csmall delay\u201d in contract renewals during the quarter, though he says that has reversed as of early 2Q, with a series of domestic contract renewals that helped boost current pro-forma backlog to AED 4.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook for margins is also strong: <\/strong>The firm guided on 23-28% EBITDA growth between this year and 2029, as it sees international operations maturing past initial infrastructure-heavy phases and towards second-generation contracts focusing on software applications and professional services, where the margin mix is more favorable, Tejwani explains. The firm also maintained its guidance for revenue growth for the period at 20-25%. <\/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\/defense\/\">defense<\/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\/presight\/\">Presight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117104 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=\"117104\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/117104\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117104\" class=\"content-area-description single-story post-117104 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\/5\/798.jpeg?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=\"117105\" 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=\"117105\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/earnings-are-in-from-ad-ports-emsteel-adnoc-distribution\/\">\r\n                            Earnings are in from AD Ports, Emsteel, Adnoc Distribution                        <\/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\/14\/earnings-are-in-from-ad-ports-emsteel-adnoc-distribution\/\" 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 cement segment, however, continued to gain traction, with revenue rising 31% y-o-y to AED 269 mn as sales volumes from cement and clinker climbed 32%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company also moved to reinforce supply chains and logistics during the quarter<\/strong>, signing a five-year AED 600 mn freight agreement with Oldendorff Carriers to transport iron ore pellets annually, alongside a strategic MoU with Metal Park focused on downstream steel logistics and processing capacity in Abu Dhabi. Management said it remains \u201cattentive\u201d to the impact of regional developments on market conditions and supply chains as the outlook evolves. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company didn\u2019t face too much of an impact from supply chain disruptions<\/strong>, with demand still strong, though some private firms may have delayed orders, Group CEO Saeed Al Rameithi told CNBC Arabia (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/152164\/2026\/13\/05\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%80-Emsteel-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%A7%D8%B6%D8%B7%D8%B1%D8%A7%D8%A8%D8%A7%D8%AA-%D9%87%D8%B1%D9%85%D8%B2-%D9%84%D9%85-%D8%AA%D8%A4%D8%AB%D8%B1-%D9%83%D8%AB%D9%8A%D8%B1%D8%A7%D9%8B-%D8%B9%D9%84%D9%89-%D8%B9%D9%85%D9%84%D9%8A%D8%A7%D8%AA%D9%86%D8%A7-%D9%88%D9%86%D8%B1%D9%83%D8%B2-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A\" style=\"\">watch, runtime: 11:30<\/a>). Strong demand from the public sector helps offset this, though, he added, while noting that the domestic market accounts for about 80% of revenues. <\/p>\n<p class=\"tag-border-left\">Adnoc Distribution grows beyond the pump on retail and aviation demand<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Distribution saw its earnings grow in 1Q 2026 despite regional<\/strong> <strong>disruption and softer commercial fuel volumes.<\/strong> Net income rose 21% y-o-y to USD 210 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/747.pdf\" style=\"\">management discussion and analysis report (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/746.pdf\" style=\"\">earnings release (pdf)<\/a>, while revenue climbed 4% to USD 2.4 bn, supported by stronger fuel volumes and non-fuel retail growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fuel and convenience retail drove growth: <\/strong>Fuel volumes hit a 1Q record of 3.8 bn liters, while non-fuel retail gross income rose 9.8% y-o-y to AED 251 mn on higher footfall, F&B sales, and stronger property management revenues. The company added 22 new service stations during the quarter, bringing its network to over 1k sites across the UAE, Saudi Arabia, and Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commercial demand was more mixed: <\/strong>Commercial fuel volumes softened as Adnoc Distribution deliberately cut lower-margin corporate business, though aviation demand partly cushioned the decline. GCC aviation fuel volumes surged 73.8% y-o-y, helping commercial gross gain jump 37.6%, despite lower overall commercial volumes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, the company is pushing further into EV charging and larger retail destinations. <\/strong>Adnoc Distribution says it plans to electrify eight major UAE highways by 2027 after opening the region\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/13\/adnoc-distribution-launches-largest-ev-charging-station-in-the-menat-region-hub71-rolls-out-venture-studio\/\" style=\"\">largest superfast EV charging site<\/a> on the Abu Dhabi-Dubai E11 highway during the quarter. It also expects to open five additional \u201cThe Hub by Adnoc\u201d sites this year as it expands higher-margin retail and convenience offerings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shareholders are also shifting to quarterly payouts. <\/strong>The board approved its first quarterly dividend of 5.14 fils per share, payable in June, after extending the company\u2019s dividend policy through 2030 earlier this year.<\/p>\n<p><a target=\"_blank\" id=\"kix.gmm8ez1pnak\"><\/a> <\/p>\n<p class=\"tag-border-left\">AD Ports delivers revenues through the squeeze<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>D Ports\u2019 operations beat regional disruptions:<\/strong> ADX-listed giant AD Ports saw its total net income rise 41% y-o-y to AED 653 mn in 1Q 2026, driven by operating leverage, lower finance costs, and stronger contributions from JVs and associates, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/758.pdf\" style=\"\">financial release (pdf)<\/a>. The group\u2019s revenue rose 25% y-o-y to AED 5.8 bn during the same period \u2014 supported by robust growth across its maritime and shipping as well as economic cities and freezones clusters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By segment: <\/strong>Maritime and shipping drove the growth this quarter \u2014 with container feeder volumes up 20% y-o-y to 871k TEUs, while the bulk, multipurpose, and Ro-Ro fleet expanded to 63 vessels from 41 a year earlier. Economic Cities and Freezones recorded 843k sqm of new industrial land leases across Kezad, alongside AED 1.1 bn in asset monetization. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, <\/strong><strong>p<\/strong><strong>orts\u2019 performance was mixed<\/strong>, with UAE container throughput declining 5% y-o-y and general cargo volumes falling 23% y-o-y, partly offset by stronger international activity, where container volumes grew 17% and general cargo volumes grew 21%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How the system adapted:<\/strong> AD Ports kept services running by rerouting cargo and feeder operations through Fujairah Terminals and Khorfakkan Port, while activating an integrated network of land, rail, and air bridges across the UAE. The group also mobilized around 800 trucks and four daily Etihad Rail freight services through bonded corridors as it moved to expand essential-goods warehousing capacity from more than 76k sqm to 188k sqm.<\/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\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports-group\/\">AD Ports Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-distribution\/\">Adnoc Distribution<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                           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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1229.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1229.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117107\" class=\"content-area-description single-story post-117107 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-asset-management tag-banking tag-construction tag-enterpriseam-uae tag-food-security tag-india-uae-corridor tag-india-uae-relations tag-infrastructure tag-saudi-uae-relations 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\">\n<p class=\"tag-border-left\">GCC food security tie-ups accelerate<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>GCC food security and supply-chain consolidation efforts are continu<\/strong><strong>ing to <\/strong><strong>pick up pace<\/strong><strong>. <\/strong>Fresh produce importer NRTC Holding Group signed an MoU with Saudi agribusiness Dava Agricultural to collaborate on fresh produce sourcing, agricultural trade, and supply-chain operations across the GCC, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/nrtc-holding-group-and-dava-agricultural-forge-strategic-gcc-agri-food-alliance-t9opczbv\" 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>The tie-up links one of the GCC\u2019s largest fresh produce distribution networks with one of Saudi Arabia\u2019s biggest hydroponic greenhouse operators. NRTC handles around 1 mn tonnes of fresh produce annually, while Dava currently produces roughly 170 tonnes of vegetables daily from hydroponic greenhouses in Saudi Arabia, with plans to expand capacity further over the coming years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The move comes as GCC governments and companies step up cross-border food security and supply-chain cooperation amid ongoing regional disruption. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/13\/this-morning-ipo-plans-cool-for-dubai-holding-and-ega-more-uae-syria-collaboration-is-on-the-way\/\" style=\"\">Earlier this week<\/a>, DP World and ADQ-backed Al Dahra announced plans to explore investments in GCC port infrastructure as pressure grows <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/10\/could-hormuzs-closure-disrupt-the-uaes-food-supply\/\" style=\"\">to secure regional food flows<\/a> while the Strait of Hormuz remains disrupted.<\/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\">Indian builders continue piling into the UAE<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian infrastructure investor Nisus Finance is expanding into the<\/strong><strong> UAE <\/strong><strong>construction market <\/strong>through its subsidiary New Consolidated Construction Company Limited (NCCCL), according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/nisus-finance-announces-strategic-expansion-in-the-uaes-construction-sector-with-its-subsidiary-ncccl-cx59gy7n\" style=\"\">press release<\/a>. NCCCL says its UAE operation will serve as a wider GCC hub for construction, infrastructure, and real estate activities, with a phased expansion strategy focused on partnerships and cross-border projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meet the entrant: <\/strong>Nisus Finance acquired NCCCL last year with the aim of expanding the company across India and the GCC. NCCCL has delivered more than 200 mn sq ft of residential, commercial, healthcare, industrial, and data center projects, with an active order book exceeding AED 1.15 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expansion adds to a growing wave of Indian developers and contractors deepening their UAE footprint. <\/strong>State-owned NBCC was <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/26\/chinese-freight-operator-indian-real-estate-developer-expand-to-dubai\/\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/26\/chinese-freight-operator-indian-real-estate-developer-expand-to-dubai\/\" style=\"\">among the latest entrants<\/a>, joining firms including <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/26\/gcc-interconnection-authority-awards-contracts-for-uae-oman-electricity-link-expansion\/\" style=\"\">Sunteck Realty<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/25\/ad-ports-opens-china-office\/\" style=\"\">Casagrand<\/a>, <a target=\"_blank\" href=\"http:\/\/enterprise.news\/uae\/en\/news\/story\/773aaa2c-fded-44b9-be6f-94ed130a9443\/india%25e2%2580%2599s-shapoorji-pallonji-completes-first-dubai-residential-project\" style=\"\">Shapoorji Pallonji<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/26\/chinese-freight-operator-indian-real-estate-developer-expand-to-dubai\/\" style=\"\">Mantra Properties<\/a> in expanding into the UAE market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the GCC? <\/strong>Construction and transport projects under execution across the GCC are approaching USD 951 bn, while the broader regional pipeline now exceeds USD 2 tn, driven largely by Saudi Arabia and the UAE. Nisus said NCCCL\u2019s UAE entry comes at a time of \u201crenewed confidence\u201d in the country\u2019s long-term development trajectory.<\/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\">New digital bank coming to Umm Al Quwain<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Omla gets CBUAE green light: <\/strong>The Central Bank of the UAE (CBUAE) granted in-principal approval to Omla Community Bank, a new digital-first lender backed by Abu Dhabi Capital Group subsidiary Alternative Venture Capital and payments processor Mint Gateway, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c06xc89-cbuae-grants-in-principle-approval-establish-omla\" style=\"\">Wam<\/a> reports. The bank will be headquartered in Umm Al Quwain, with plans to roll out its services countrywide.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>Founded by Mint Gateway Chairman Abdulrazzaq Al Abdulla, Omla is positioning itself as a community bank targeting SMEs, micro-businesses, and workers. It joins a group of digital lenders including <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/12\/this-morning-abu-dhabi-sustainability-week-kicks-off-with-several-african-leaders-in-attendance\/#:~:text=BANKING%20%E2%80%94%20UAE%20banks%20are%20setting%20their%20sights%20on%20influencers.\" style=\"\">Wio Bank<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/17\/amanat-holdings-to-discuss-potential-ipo-of-education-unit-today\/#:~:text=Speaking%20of%20Jaywan%3A%20Emirati%20digital%20bank%20Al%20Maryah%20has%20finalized%20the%20digital\" style=\"\">Al Maryah Community Bank<\/a>, and IHC\u2019s latest venture <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/05\/adnoc-drilling-locks-in-oman-stake-takeover-another-emirati-player-doubles-down-on-london-real-estate-judan-pushes-into-digital-banking\/\" style=\"\">Reem Bank<\/a>, which target micro-enterprises and underserved segments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Another global asset manager heads to Abu Dhabi<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global investment firm Partners Capital is opening an Abu Dhabi office<\/strong> in another vote of \u201ctrust in the UAE\u2019s leadership and the institutions they have built,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/partners-capital-selects-abu-dhabi-as-its-new-hub-for-global-expansion-odrup8ok\" style=\"\">press release<\/a>. The move comes alongside an MoU with the Abu Dhabi Family Business Council focused on investment collaboration and family businesses. Partners Capital manages more than USD 75 bn in assets and advises institutions and family offices globally, including Oxford and Cambridge universities, INSEAD, and the Guggenheim Foundation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The queue into Abu Dhabi keeps growing: <\/strong>Global asset managers and hedge funds are still flocking to Abu Dhabi despite regional headwinds. US asset manager Capital Group is <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/\" style=\"\">among the latest entrants<\/a>, while <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/mubadala-makes-container-play-e-capital-backs-magic-cube-capital-group-joins-adgm-progress-on-dubai-loop\/\" style=\"\">UK hedge fund giant Man Group<\/a> is also pursuing an ADGM license as it eyes a future Abu Dhabi presence.<\/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\">Trukker locks in USD 300 mn cross-border funding with ADCB<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi-headquartered digital freight network platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/trukker.com\/\" style=\"\">Trukker<\/a><\/strong><strong> secured <\/strong><strong>a USD 300 mn <\/strong><strong>cross-border securitization facility<\/strong>, with Abu Dhabi Commercial Bank (ADCB) acting as sole arranger and lender, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/trukker-closes-landmark-300mln-cross-border-securitisation-facility-to-fuel-regional-expansion-r168qewt\" style=\"\">press release<\/a>. Trukker will use the financing for working capital to support the company\u2019s operations and expansion plans, including scaling its digital freight network and optimizing its carrier ecosystem across regional markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not your typical bank loan: <\/strong>The non-recourse facility is backed by Trukker\u2019s trade receivables across multiple markets and is structured across the UAE, Saudi Arabia, and Turkey, making it one of the region\u2019s first multi-jurisdictional, asset-backed securitizations. The structure effectively converts future customer payments into tradable financing backed by institutional capital, rather than a conventional loan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The financing reflects growing bank appetite for exposure to large, revenue-generating digital platforms operating across multiple MENA markets, as well a broader shift toward structured credit tied to operating performance \u2014 with companies like Trukker increasingly turning to structured, receivables-backed securitization instead of relying solely on equity funding. Over time, this could provide an alternative funding route for scaled startups with predictable cashflows and cross-border operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>White & Case LLP and Paul Hastings provided counsel, while HSBC acted as facility security trustee and account bank across the different jurisdictions. <\/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\/asset-management\/\">Asset management<\/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\/construction\/\">CONSTRUCTION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-security\/\">Food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/india-uae-corridor\/\">India-UAE Corridor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/india-uae-relations\/\">India-UAE relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-uae-relations\/\">Saudi-UAE relations<\/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=\"117109\" 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=\"117109\">\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\/14\/the-feds-rate-cut-window-just-closed\/\">\r\n                            No cuts, no cushion                        <\/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\/14\/the-feds-rate-cut-window-just-closed\/\" 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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Energy surged 17.9% over the 12-month period. Shelter costs and tariff-sensitive apparel rose 0.6%, while airline fares accelerated 2.8% on the month, putting the 12-month gain at 20.7%. Food at home prices increased 0.7%, the biggest monthly gain since August 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This rate increase has weighed on US consumer sentiment in recent weeks<\/strong>, as Americans grapple with an energy price shock that\u2019s rippling through the economy. Real wages dipped 0.5% on the month, marking the first time in three years that US wages have not outpaced inflation. \u201cFor consumers, that means the cost of living remains uncomfortable,\u201d economist Sung Won Sohn told <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2026\/05\/12\/economy\/us-cpi-inflation-april\" style=\"\">CNN Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Fed's rate-cut window just closed: <\/strong>The latest inflation reading sits at a longstanding crossroads for the Fed, following a four-dissent meeting held in late-April, the highest level of internal dissent since 1992. While incoming Chair Kevin Warsh has historically advocated for lower rates, and Governor Stephen Miran remains the lone voice favoring aggressive cuts, major investment banks have now begun pushing first-cut forecasts into 2027, with markets pricing a 30% chance of a hike by year-end.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chief Investment Officer at Northlight Asset Management Chris Zaccarelli warned that with the labor market holding up<\/strong>, it\u2019s very unlikely the Fed will be able to lower interest rates any time soon, and \u201cwe may start pricing in rate hikes for next year,\u201d <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/05\/12\/cpi-inflation-april-2026-.html\" style=\"\">CNBC<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The geographic scope of the April inflation report hit Egypt particularly hard<\/strong>, with credit spreads widening as regional risk aversion triggered capital outflows and heightened concern over short-term funding needs. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/egp-holds-steady-after-imf-funds-land\/#684455\" style=\"\">As we have previously tracked<\/a>, Egypt\u2019s 5Y credit default swap widened by 110 bps from pre-war levels to hit its March peak of 344.7 bps.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the GCC, the USD peg means monetary policy is inherited from the Fed. <\/strong>While Aramco and Adnoc benefit from war-driven oil windfalls, the non-oil sector inherits a restrictive, high-rate environment from the Fed, constraining the non-oil credit cycle just as Vision 2030 and UAE industrial diversification deploy heavy capex.<\/p>\n<p><strong>The K-shape runs inside the GCC too<\/strong> \u2014 and the Public Investment Fund cutting international allocations from 30% to 20% is the tell that the windfall is being routed home, not deployed outward as it was in 2024-25.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While <\/strong><strong><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=\"\">Aramco\u2019s CEO Amin Nasser<\/a><\/strong><strong> recently <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/05\/12\/cctv-script-12\/05\/26.html\" style=\"\">warned that supply disruptions<\/a><\/strong><strong> could persist until a 2027 normalization<\/strong> \u2014 estimating a loss of 100 mn barrels for each additional week the strait remains closed \u2014 the CPI reading suggests a more permanent shift. As we reported yesterday, producers view 2027 as a tactical recovery, but the inflation passthrough has already locked in higher costs. For regional importers, what began as a temporary war shock is now the structural reality for 2027 budgets.<\/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>Asian markets are up in early trading this morning<\/strong>, led by South Korea\u2019s Kospi and Japan\u2019s Nikkei. Asian stocks are mirroring gains seen across US tech equities over the past few days, which pushed major US indices to end yesterday in the green. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,705<\/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: -2.9%)<\/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\">5,759<\/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: -4.8%)<\/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\">4,577<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -6.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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-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>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.5% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,020<\/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: +5.1%)<\/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>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\">53,416<\/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: +27.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,444<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +8.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,325<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +4.0%)<\/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>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\">5,861<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +1.1%)<\/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>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 105.63<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2.86<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4,697<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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 79,299<\/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\">-1.7% (YTD: -9.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.67<\/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\">-0.3% (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>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\">151.19<\/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: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">17.87<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +19.5%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.4% yesterday<\/strong> on turnover of AED 953.4 mn. The index is down 4.8% 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>Aramex (+2.8%), Taaleem Holdings (+2.2%), and Parkin Co. (+2.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Talabat Holding (-4.8%), Islamic Arab Ins. Company (-4.8%), and Dubai Islamic Ins. and Reins. Co. (-3.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.1% on turnover of AED 1.0 bn. Meanwhile, Nasdaq Dubai was down 0.1%.<\/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\">CORPORATE ACTIONS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>O<\/strong><strong>nline delivery platform Talabat will kick off its share buyback program on 18 <\/strong><strong>May<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/793.pdf\" style=\"\">disclosure (pdf)<\/a> to the DFM. The firm is looking to buy back up to 5% of its issued shares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Back at <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/14\/a-sea-of-earnings\/\" style=\"\">the end of 2024<\/a>, its parent company Delivery Hero said it wanted to buy back around EUR 1 bn in bonds using proceeds <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/04\/talabat-raises-aed-7-5-bn-in-worlds-biggest-tech-ipo-of-the-year\/\" style=\"\">from Talabat\u2019s IPO<\/a>. At the time, the plan was for the buyback to include paying off convertible bonds due in 2025 and 2026, with up to EUR 350 mn allocated for 2027 bonds. <\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117111\" 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\/14\/117111\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117111\" class=\"content-area-description single-story post-117111 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=\"font-weight:400;\">, ICC Hall, Adnec Center, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">15 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-milan-2026\/\" style=\"\">Investopia Global<\/a><\/span><span style=\"\">, Palazzo Mezzanotte, Milan. <\/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 (Tuesday-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 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: Dubai Taxi acquires rival operator in more Dubai consolidation<\/p>\n","protected":false},"featured_media":117091,"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-117090","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"79deae93-86cf-4a41-95b9-589770118e41","teaser":"Plus: Dubai Taxi acquires rival operator in more Dubai consolidation","photo_url":"https:\/\/ent.news\/2026\/5\/834.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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